Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be two (2) pages in length; refer to the “Assignment Format” page for specific format requirements.
Part I (a 1 page response is required)
1. The text says that Toyota hasfocused on quality as its operations capability. Describe two ways that Toyotas operations might have changed if it had focused on low cost instead of quality.
2. FedEx and the U.S. Postal Service compete for many of the same customers. Describe two ways that their stategies for attracting customers are different.
Part II (a 1 page response is required)
Mary Ann has always loved to cook and is interested in starting a catering business. Being aware of the failure rate of new businesses, she is considering buying an existing catering business that is up for sale. The current owners claim that the business is highly profitable, but Mary Ann has her doubts. She wonders why the owners would be so interested in selling the business if it is such a money maker. Furthermore, the price that they are asking seems high to Mary Ann. Without any formal training in accounting, Mary Ann asks a friend, Rolanda, for advice.
1. Roalnda suggests that Mary Ann may benefit from the services of a non certified public accountant. Describe two types of services that could be provided.
2. The auditor’s report has come back and Mary Ann is reviewing the finanial statements. The current balance sheet shows that the business has more liabilities that assets. Why would this explain the need to sell the business? Provide two supporting facts.