Reference no: EM131008873

ASSIGNMENT 1- Evaluating Quality Standards

Use the ITT Tech Virtual Library to research how an organization can benefit from either the ISO 9000 or the ISO 14000 certification. Compare and contrast the differences between each certification and provide an example where one certification would be more beneficial to an organization than the other.

ASSIGNMENT 2 - The Malcolm Baldrige Award's Prestige

Research the ITT Tech Virtual Library LexisNexis Academic database to discover the criteria for winning the Malcolm Baldrige National Quality Award. Suggest how an organization can create a more effective customer focus, and provide recommendations on how organizations can try to achieve this award. Give an example of how following the award's criteria has positively impacted a company.

Question - Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items.

Depreciation expense	$66,000
Cash	225,000
Long-term debt	334,000
Sales	573,000
Accounts payable	102,000
General and administrative expense	79,000
Buildings and equipment	895,000
Notes payable	75,000
Accounts receivable	153,000
Interest expense	4,750
Accrued expenses	7,900
Common stock	289,000
Cost of goods sold	297,000
Inventory	99,300
Taxes	50,500
Accumulated depreciation	263,000
Prepaid expenses	14,500
Taxes payable	53,000
Retained earnings	262,900

a. What is the firm's net working capital and debt ratio?

b. Complete a common-sized income statement and a common-sized balance sheet. Interpret your findings.

Source: Keown, A. J., Martin, J. D., & Petty, J. W. (2011). Foundations of finance: The logic and practice of financial management (7th ed.). Boston, MA: Pearson Education.