Expert answer:BA430 Intro to Quality Management W1 Assignment “T
Answer & Explanation:The Chevy Cobalt
Review the article “Mary Barra’s (unexpected)
Opportunity” which can be found in the weekly reading. This article pertains to
the Chevrolet Cobalt recall. Assume you are the manager for General Motor’s
Quality Assurance department. Using your course learning from the week,
determine what quality system was used. Then decide if you feel this was the
proper quality system or if GM should have used a different system. Use your
course materials and outside research to generate a solid analysis on the
company’s procedures. Your analysis should be supported by research.
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Principles of Finance I
CHAPTER 1 QUESTIONS: 1-2, 1-6, 1-7, 1-9
1-2 What are the three principal forms of business organizations? What are the advantages and
disadvantages of each? Sole proprietorships, Partnerships and Corporations:
Sole proprietorships:
Advantages: It can be formed fairly easy and inexpensive; it avoids corporate income taxes and
has fewer government regulations.
Disadvantages: It’s risky, because if it fails; the losses can be more than the money initially
invested and the life of the limited to the life of the person who created it.
Partnerships:
Advantages: Like the sole proprietorships, the biggest advantage again is the low cost and ease
of formation.
Disadvantages: The disadvantages are pretty close to. The risk is still high with the unlimited
exposure to liabilities, again the limited life of the organization, and it’s fairly difficult to transfer
ownership and/or earn much capital.
Corporations:
Advantages: A corporation is the biggest form of business and it can continue life long after the
original owners are gone, it’s easily transferable and the losses are limited to what was invested.
Disadvantages: As a corporation, the earnings may be subject to double taxation and setting up
the corporation is a long and requires the filing of many required document reports before it can
begin business.
1-6
What are financial intermediaries, and what economic functions do they perform?
Financial intermediaries may include: banks, broker-dealers, investment advisers and financial
planners. The functions performed by financial intermediaries are: Converting risky investments
into relatively risk-free ones, converting short-term liabilities to long term assets and matching
small deposits with large loans and large deposits with small loans.
1-7
Is an initial public offering an example of a primary or a secondary market transaction?
Primary market = Market for new issues of securities. A market is primary if the proceeds of
sales go to the issuer of the securities sold.
1-9
Identify and briefly compare the two leading stock exchanges in the United States today.
The two leading stock exchanges are the New York Stock Exchange (NYSE) and the National
Association of Securities Dealers Automated Quotes (NASDAQ). One of the main differences
between these exchanges is the way that they buy and sell stock. The NYSE is an auction
market, meaning that members of the NYSE have orders from their customers of what to buy
and sell and the trade is done through a bidding auction. The NASDAQ, on the other hand, is a
dealer market in which dealer’s post prices in which they are willing to buy and sell.
CHAPTER 2 PROBLEMS: 2-3, 2-5
2-3
Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was $13
million, and its tax rate was 40%. What was its interest expense? (Hint: Write out the heading
for and income statement, and then fill in the known values. Then divide $6 million net income
by 1 – T = 0.6 to find the pre-tax income. The difference between EBIT and taxable income
must be the interest expense. Use this procedure to work some of the other problems.) A =
$3,000,000
EBIT = $13 million
Tax Rate = 40%
EAT (Earning after Tax) = $6 million
EBT (Earning Before Tax) = EAT/ (1-Tax Rate) = $6/ (1-0.4) =$10 Million
Interest Expense = EBIT-EBT=$13 Million -$ 10 Million = $3 Million
2-5
Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of
$500,000. What was its net cash flow? Assume it had no amortization expense. A = 3,600,000
Net Cash Flow means total Cash received during the year .Depreciation is not a cash expenses so
it will be added back in the net income to find out Net cash Flow
Net cash flow = Net income + Depreciation
Net cash flow = 3,100,000 + 500,000 = $3,600,000
Net cash flow = $3,600,000
Net cash flow = $3.6 Million
BA430 Intro to Quality Management W1 Assignment “The Chevy Cobalt”
The Chevy Cobalt
Review the article “Mary Barra’s (unexpected) Opportunity” which can be found in the weekly
reading. This article pertains to the Chevrolet Cobalt recall. Assume you are the manager for
General Motor’s Quality Assurance department. Using your course learning from the week,
determine what quality system was used. Then decide if you feel this was the proper quality
system or if GM should have used a different system. Use your course materials and outside
research to generate a solid analysis on the company’s procedures. Your analysis should be
supported by research.
Directions for obtaining the file: Login to the Grantham University library by clicking on the
Resources tab from the main page. You will then log into EBSCOHost. Once you have accessed
the database, simply copy and paste the title of the article and press enter to search and you
should now have the file accessible to review.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN,
online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as,
Wikis, Yahoo Answers, eHow, and blogs are not acceptable for academic writing.
…
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