The Mason’s New Car

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LEG 100 (LATEST) WK 6 Assignment 1 – The Mason’s New Car 

Note: The Company mentioned herein is merely a hypothetical organization with characteristics developed to enable students to respond to the assignment. You may create and / or make all necessary assumptions needed for the completion of this assignment if those assumptions are consistent with the facts presented. Do not make assumptions which obviate the need to conduct a legal analysis of the issues.

Scenario
Earlier this year, Paul Mason and his wife Chardonnay Mason went to Rivertown and Gregory Ford, Dodge and Chryslers LLC. to purchase a new car. Last time the Masons bought a car was in 1990 when they bought their current car, a 1991 Plymouth Voyager van. The Mason’s daughter, Rosé recently gave birth to the Masons’ first grandchild and the proud grandparents were excited to be taking a road trip from Macon, Georgia to Freehold, New Jersey, to see the new addition to the Mason family. They knew that the old Plymouth had seen better days and that it might not make the 2,000 plus mile round-trip. The Masons were leaving for New Jersey in the morning, so they needed a new car and fast. When the Masons met with the salesperson at R&G, they explicitly stated that they were on a fixed income and could afford no more than $400 per month in the form of a car note. They were, however, willing to trade in their old van toward the purchase of the new car.
Hector Dosales, one of R&G’s most aggressive salespersons, convinced the Masons to buy a new Chrysler 200. By the time the Masons were ready to buy, it was after 9:00 p.m. and the dealership was soon closing. To speed things along, Hector had the Masons sign blank form contracts that he would fill out the next day. Among the blank contracts that the Mason’s signed were a “Retail Installment Sales Contract”, a “Retail Buyer’s Order”, and an “Odometer Disclosure Form”. When Paul Mason asked about the terms of the deal, Hector said not to worry about it. He would structure things so that the payments would be under their $400 limit. When Paul asked how much he was getting for his trade-in, Hector said, “Don’t worry about it. I’ll make sure you get a fair price.” While the various forms were being signed, Chardonnay, who has a weak bladder, excused herself and in the confusion neglected to sign the Retail Buyer’s Order.
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Assignment Requirements
Write a three to four (3-4) page court opinion in which you rule on this case. In preparing this opinion, you must:

  1. Decide whether this court should hear this case or dismiss the case and direct the parties to binding arbitration in accordance with the Retail Buyer’s Order. Support your response.
    Note:Please read the facts of the case very carefully as you attempt to resolve this issue.
  2. Decide whether or not a contract exists between the Masons and R&G. Support your response. Note:Be sure that you analyze the facts to reach your conclusion. Merely stating your conclusion without a supporting legal analysis is not sufficient.

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SOX Regulations

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Review the Student Guide to Sarbanes-Oxley Act (SOX) located in Week 1 of the course shell, and other current activity or trends related to SOX compliance and implementation for publically traded companies.
Write a five to seven (5-7) page paper in which you:

  1. Assess the sections of SOX, indicating the sections that you believe have the most impact on companies. Provide support for your rationale.
  2. Assess the sections of SOX, indicating those sections that have the greatest impact on the external auditor. Provide support for your rationale.

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Operating and Database Systems

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ACC 574 Week 4 Assignment 2 – Operating and Database Systems

 
Imagine that you have been selected as the consultant to design a new computer system for an investment company.
Write a five to seven (5-7) page paper in which you:

  1. Discuss the considerations for implementing an operating and database system. Recommend the optimum system, considering the types of revenue and expense transactions for this company.
  2. Assess the issues related to data management, key elements of the database environment, controlling and auditing data management, and the related risk to an organization. Discuss possible strategies to mitigate those risks of installing a database without adequate controls.

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PWC Audit Scandal and Fraud

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ACC 574 Week 6 Assignment 3 – PWC Audit Scandal and Fraud

 Read the article about Price Waterhouse Coopers (PWC) and its association with the worst accounting fraud in India related to its audit of Satyam Computer Services, Ltd. titled “Price Waterhouse Auditors Arrested in Satyam Inquiry (Update 1)” and located at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ar6hB_Hr347E. Search the Internet for other related articles.
Write a six to eight (6-8) page paper in which you:

  1. Create an argument supporting that the requirements of SOX have reduced corporate fraudulent activity due to the requirements placed on public accounting firms, thereby providing greater assurances to public users of financial information. Provide support for your argument.
  2. Evaluate the issues related to the audit of Satyam Computer Services Limited, indicating whether or not PWC followed auditing standards in rendering its audit opinion of the company. Provide support for your rationale.
  3. Assess whether PWC relied too heavily on the established system of internal controls and neglected to perform sufficient testing of transactions using effective computer-aided audit tools. Provide a rationale for your recommendation.

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Emerging Auditing Issues

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Search the Strayer databases or Internet for hot topics and emerging issues of financial statement fraud and other fraudulent act committed by publically traded companies, including those identified by the PCAOB. Consider the topics, trends, and longevity of those issues identified.
Write a six to eight (6-8) page paper in which you:

  1. Create an argument in agreement or disagreement that the creation of the PCAOB has been effective with improving the reliability of audited financial statement for the public users of the information. Provide support for your position.
  2. Assess the impact of the PCAOB to the accounting profession, given the shift from self-regulation to federally regulate. Provide a rationale for your assessment.

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Comprehensive Audit Plan

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For the hot topic in emerging issues identified in Assignment 4, identify a company in that industry and respond to the following questions. Consider the concepts covered in the course material and in anticipation of issuing a qualified audit report.
Write a five to seven (5-7) page paper in which you:

  1. Make recommendations on the requirements for the feasibility study and discuss the pros and cons for the design of SDLC with a recommendation for an optimal time frame for each stage.
  2. Make recommendations for the optimal computer operating system to address the emerging issue.

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Company Description

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BUS 599 Mini Project Deliverable 1 – Company Description

  • This exercise is considered an academic writing exercise. Quality of response, grammar, and punctuation are considered in your overall grade.
  • This exercise does not require the use of APA format or a cover page.

Throughout this course, you will develop a series of written papers / projects that you will later combine into a complete business plan for a Non-Alcoholic Beverage company. For this exercise, you must first review the “NAB Company Portfolio”. The mentioned portfolio contains the company parameters and details you must follow when developing your company.
Provide the following information to set the foundation for your non-alcoholic beverage (NAB) business plan.

  1. Create your NAB company name and explain its significance.

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SWOT Analysis

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In this assignment, you will conduct a SWOT (Strength, Weakness, Opportunity, and Threat) analysis for the type of beverage you have selected, and for your company overall. As you work on the assignment, consider why you have chosen one type of non-alcoholic beverage over another and the reasons for that choice. As you complete your SWOT analysis, be sure to include external factors such as industry / market trends and competition, and internal factors such as your capabilities or abilities to reach certain market segments.
Write a three to five (3-5) page paper, in which you:

  1. Describe the trends in the non-alcoholic beverage industry, especially the specific type of beverage category you have chosen. Justify at least three (3) reasons why you have chosen this type of non-alcoholic beverage.
    • Hints: Research and outline beverage industry trends. Consider the size and growth rate of the industry overall and the specific beverage type you have chosen. Use the worksheet in the course text (p. 88 | Past and Future Growth of Your Industry) to help you project the future growth rate. Consider the use of industry associations and search engines to find reliable, recent data.
  1. Choose one (1) strategic position from the course text (pp. 142–143) that you believe is the best strategic position for your company. Explain the approach you will use to implement this strategic position in order to distinguish your beverage from other non-alcoholic beverages.
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Marketing Plan

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This assignment consists of two (2) sections: a marketing plan and sales strategy, and a marketing budget. Note: You must submit both sections as separate files for the completion of this assignment.
For the first six (6) months your company is in business—to give you time to perfect your product and to learn from actual customers—you will start marketing and selling in your own community, a radius of twenty-five (25) miles from where you live.
For most non-alcoholic beverages, marketing (as opposed to the actual product itself) is key to success. Cola drinks, for example, are fairly undifferentiated, as are many energy drinks, juices, bottled water, and the like. Companies producing these types of beverages differentiate themselves and attract market share through marketing and brand awareness—both of which are critical to success.

Section 1: Marketing Plan & Sales Strategy (MS Word or equivalent)
Write the three to five (3-5) pages paper of Marketing Plan & Sales Strategy section of your business plan, in which you:

  1. Define your company’s target market.
  2. Analyze the types of consumers who will be drinking your beverage in demographic terms (i.e., age, education level, income, gender, ethnic group, etc.). Support your analysis with actual data on the size of the demographic groups in your local community (nearby zip codes).
  3. Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description).
  • Hints:At American FactFinder (http://census.gov), you will find demographic information on potential consumers in your area. If you are selling through other businesses (such as grocery stores), indicate the number of those businesses in your local area. You will find information about such businesses in your local area at County Business Patterns (http://www.census.gov/econ/cbp/). Check Chapter 2 of Successful Business Plan for more research sources. 

  1. Assess your company’s market competition.

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Section 2: Marketing Budget (MS Excel worksheets template)
Section 2 uses the “Business Plan Financials” MS Excel template (see: Course Required Files in Week 1). Use the “Business Plan……
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Operation, Technology and Management Plan

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Important Notes

  • This exercise is considered an academic writing exercise. Quality of response, grammar, and punctuation are considered in your overall grade.
  • This exercise does not require the use of APA format or a cover page.
  • It is recommended that students construct their deliverable using MS Word and then attach the document to the discussion thread submission area in Blackboard.

Use the “NAB Company Portfolio” (Attached). Provide the following information below.

  1. Operations Plan

Note: Remember to assign a dollar amount to each operational cost you find, as you will need these figures for your income statement and cash flow in Week 8.

  1. Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
  2. Provide a rationale for the competitive advantages section using appropriate functional-level and business-level strategies to explain the competitive advantages.

◦Note: Much of the research pertaining to the hints provided here can be found in the NAB company portfolio.
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