Here you will focus on the business approaches of Madame C. J. Walker and Henry Ford. Both developed innovative and successful approaches in a time of rapid economic change. You will compare them in the way they started their respective businesses and the key innovative features that made each successful. One might find virtues, problems and successes associated with both. You might see elements of each in strategies of later leaders and related issues even today.
Sources: Schultz, p. 396–7 (only Ford is discussed in our textbook). For Madam C. J. Walker (1867–1919), see http://www.madamcjwalker.com/bios/madam-c-j-walker/; and https://www.pbs.org/wnet/african-americans-many-rivers-to-cross/history/100-amazing-facts/madam-walker-the-first-black-american-woman-to-be-a-self-made-millionaire/ . For Henry Ford, see https://www.history.com/topics/inventions/henry-ford.
Use Standards (SWS). The format is different than other formats like APA. Please take a moment to review the SWS documentation for details.
Be typed, double spaced between lines, using Times New Roman font, Calibri, Arial, or Courier (size 10, 11, or 12), with one-inch margins on all sides; citations and sources must follow SWS format. You must have a Sources list at the end; each source listed must also be cited in the body of the paper with an in-text citation. Check with your professor for any additional instructions.
The preferred file software is Microsoft Word (part of MS-Office).Alternatively, a student can use Windows’ WordPad (not NotePad) or OpenOffice.(Please do not submit files in .pdf format or Apple’s Pages or Google docs.)
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the Sources page are not included in the required assignment page length.
The body of the paper should be five paragraphs and a total of 500-to-800 words in length.The 500 minimum is firm; you really have not adequately developed the paper if less than that. The 800 maximum is a loose guideline.The body of the paper is to be double-spaced.Typically, if you follow these instructions, the body of your paper will be 2-1/2 to 3-1/2 pages in length—add a page for your title page and another for your sources list and that then gets to 4-1/2-to 5/1/2. But, the length requirement is evaluated by word count.
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describe facts, truths, and principles in a way that facilitates understanding
ou need 4 sources. Where did you get your information from? Head knowledge or things you “just already know” is not enough. Make sure it is in APA format. You can check your formatting with this website: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/reference_list_author_authors.html Follow the proper structure of an outline. Use your text to help. This video may provide some clarification. https://www.youtube.com/watch?v=FQf-Gluczk4 “Speech Outlining” Do not leave on the labels “Main Point 1, Supporting Idea 1, etc.” Delete the labels and leave your content. Only use 12 font, Times New Roman or Arial. Informative Topic: Informative Speech is one whose goal is to explain or describe facts, truths, and principles in a way that facilitates understanding. They are designed to educate audiences. They do not talk about controversial topics such as the death penalty or abortion. Informative Speeches do not take sides on a topic. Informative Speeches only do one thing: they inform.
Outline
TIPS: Each item must be written in a complete sentence. Avoid short phrases and single words. Each item, including your roman numerals, must be written in a complete sentence that is grammatically correct.
Your Informative Outline must be submitted as a MS Word or PDF attachment. Pages or Google Docs are not compatible with Blackboard. Please feel free to use the following outline templates to help you with your outline.
Standard Speech Outline Format
Thesis: Your main assertion or idea; the core of your speech.
Specific Purpose: What you hope to achieve from this speech
Introduction:
TOPIC: HERBS AS MEDICINE
Gain Attention of Audience Orient the audience to your topic Supporting Idea #1___________________________________ Supporting Idea #2___________________________________ Supporting Idea #3___________________________________ Body
Topic Sentence for Supporting Idea #1______________________
Conclusion/Transition Topic Sentence for Supporting Idea #2_____________________
Topic Sentence for Supporting Idea #3
Conclusion/Transition Conclusion
Conclusion/Restatement of Thesis_________________________
Powerful Concluding Sentence
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Sheet1 On October 1, Thomas Edison organized Edison Consulting, on October 3, the owner contributed $75,000 cash. On October 31, the company’s records show the following items and amounts. Use this information to prepare the following statements: Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows Cash $12,000 Owner Withdrawals $2,500 Accounts Receivable $24,000 Consulting Fees Earned $25,000 Office Supplies $1,200 Rent Expense $4,500 Land $30,000 Salaries Expense $12,000 Office Equipment $15,000 Telephone Expense $250 Accounts Payable $1,950 Miscellaneous Expenses $500 Owner Investments $75,000 Income Statement for the Month Ended October 31 Revenues: Consulting Fees Earned Expenses: Rent Expense Salaries Expense Telephone Expense Miscellaneous Expense Total Expenses Net Income (loss) Statement of Owner’s Equity for the Month Ended October 31 Edison, Capital October 1 $0 Add: Investment by Owner Net Income Less: Withdrawals by Owner Net Loss Edison, Capital, October 31 Balance Sheet as of October 31 Assets Liabilities Cash Accounts Payable Accounts Receivable Office Supplies Land Owner’s Equity Office Equipment Edison, Capital Total Assets Total Liabilities and Equity Statement of Cash Flows for the Month Ended October 31 Assume the following when preparing the Statement of Cash Flows: A. The owner’s initial investment consists of $45,000 in Cash and $30,000 in Land. B. The company’s $15,000 equipment purchase is paid in Cash. C. The company’s revenue consists of $1,000 in Cash and $24,000 in Accounts Receivable. D. The company’s Accounts Payable consists of the $1,200 Office Supplies purchase and the $250 Telephone and $500 Miscellaneous Expenses E. The company’s Rent and Salaries Expense is paid in Cash. Cash flows from operating activities Cash received from customers Cash paid to employees Cash paid for rent Cash paid for telephone expenses Cash paid for miscellaneous expenses Net cash used by operating activities Cash flows from investing activities Cash paid for office equipment Net cash used by investing activities Cash flows from financing activities Investments by owner Withdrawals by owner Net cash provided by financing activities Net increase in cash Cash balance, July 1 $0 Cash balance, July 31 $12,000 First, prepare general journal entries for the following transactions of Mater Consulting. Second, prepare T-Accounts (ledger) for the same transactions. Third, prepare a trail balance based on the same transactions. June 1 Mater, the owner, invested $50,000 cash and $50,000 in office equipment. 4 The company paid $20,000 cash for an insurance policy covering the next 24 months 15 The company purchased office supplies for $800 cash 20 The company received $30,000 in consulting fees earned. 30 The company paid $1,000 for June utilities. General Journal Entries: June 1 4 15 20 30 T-Accounts: Cash Office Equipment Utilities Consulting Fees Insurance Expense Office Supplies Owners, Capital Trail Balance: Account Name: Debit Credit Cash Office Equipment Utilities Consulting Fees Insurance Expense Office Supplies Owners, Capital Totals $130,000 $130,000 The Adjusted Trial Balance for Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. Balance Sheet & Adjusted Income Statement of Trail Balance Statement Owner’s Equity No. Account DR CR DR CR DR CR 101 Cash $10,000 106 Accounts Receivable $250,000 107 Inventory $50,000 153 Trucks $5,000 154 Accum Depr – Trucks $10,000 183 Land $40,000 201 Accounts Payable $15,000 209 Salaries Payable $5,000 233 Unearned Fees $5,000 301 Owner, Capital $100,000 302 Owner, Withdrawals $15,000 401 Plumbing Fees Earned $305,000 611 Depr Expense – Trucks $10,000 622 Salaries Expense $40,000 640 Rent Expense $15,000 677 Misc. Expense $5,000 Totals $440,000 $440,000 Net Income Totals Using your accounting knowledge, fill in the following separate income statements a through e. Identify any negative amount by putting it in parentheses. Statements: a b c d e Sales $100,000 $805,000 $450,000 $100,000 Cost of goods sold Merchandise inventory (beginning) $10,000 $0 $100 $80,000 $25,000 Total Cost of merchandise purchases $30,000 $10,000 Merchandise inventory (ending) $10,000 ($10) ($50,000) Cost of goods sold $30,000 $290,000 $90 $25,000 Gross Profit $320,000 Expenses $10,000 $150,000 $1,000 $400,000 $50,000 Net Income (loss) $365,000 $910 ($80,000) On May 5, Hill Company sold 1,500 of the units for $20 per unit to Bunker Co. Terms of the sale were 2/10 n/60. Prepare entries for Hill Company to record the May 5 sale and each of the following separate transactions A through C using a perpetual inventory system. Please note that the inventory cost or value is $10 per unit. A. On May 7, Bunker returns 200 units because they did not fit the customer’s needs Hill Company restores the units to its inventory. B. On May 8, Bunker discovers 300 units are damaged but are still of some use and, therefore, keeps the units. Hill Company sends Bunker a credit memorandum for $1,000 to compensate for the damage. C. On May 15, Bunker discovers that 100 units are the wrong color. Bunker keeps 60 of these units because Hill Company sends a $200 credit memorandum to compensate. Bunker returns the remaining 40 units to Hill Company. Hill Company restores the 40 returned units to its inventory. Journal Entries: May 5 Notes- 5 Notes- May 7 Notes- 7 Notes- May 8 Notes- May 15 Notes- 15 Notes- Sheet2 The following unadjusted trial balance contains the accounts and balances of Company as of December 31, 2015, its first year of operations. Use the following information about the company’s adjustments to complete a 10-column work sheet a. Unrecorded depreciation on the trucks at the end of the year is $60,000 b. The total amount of accrued interest expense at year-end is $9,000 c. The cost of unused office supplies still available at the year-end is $2,000 Balance Sheet & Unadjusted Adjusted Income Statement of Trail Balance Adjustments Trail Balance Statement Owner’s Equity No. Account DR CR DR CR DR CR DR CR DR CR 100 Cash $30,000 101 Accounts Receivable $10,000 102 Office Supplies $5,000 103 Trucks $250,000 104 Accum Depr – Trucks $50,000 105 Land $100,000 201 Accounts Payable $25,000 202 Interest Payable $5,000 203 Long-term Notes Payable $55,000 301 Owner, Capital $170,000 401 Owner, Withdrawals $50,000 501 Delivery Fees Earned $265,000 601 Depr Expense – Trucks $50,000 602 Salaries Expense $50,000 603 Office Supplies Expense $10,000 604 Interest Expense $5,000 605 Repairs Expense $10,000 Totals $570,000 $570,000 Net Income Totals