Preview

WMBA 514 Financial Statement

Satisfactory Essays
Open Document
Open Document
389 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
WMBA 514 Financial Statement
To: Nancy or Patti
From: Qing (Ching) Wang
Date: November 11, 2011
Subject: WMBA 514 Financial Statement Critique

As part of the requirements for WMBA514, I have prepared an assessment of “A Message from the Present and CEO” in the 2010 Annual Report of Ford Motor Company.

Overall, the document has exemplified strong communication according to the Analysis of Argument Measure. The three claims in the statement – great product, strong business, and better world - are clearly stated and substantiated. The claim-data-warrant units exist cross the entire passage consistently.

For example, the first claim of ‘great products’ is directly followed by explicit and powerful data on the growth of the new vehicles models, market share percentage,
…show more content…
Warrants are used to some extent by relating profits with performance and investment ability.

Next, the claim of ‘better world’ is first supported by a brief warrant that ‘fuel economy and CO2 emission’ impacts the world. Well-organized data are subsequently presented in details on Ford’s traditional fuel-saving Eco-boost technology, innovated electrified vehicles, and community contribution. Additional warrants are included to directly support the claim by arguing Ford’s effort promotes education, community and the like.

Indeed, the aforementioned three claims are clearly stated. However the scope is too general and the specifics are not quantified. This creates a more intuitive than obvious connection between the claims and data, and therefore warrants were minimally used in the statement without deliberate attempt to relate data to the conclusions. Considering the target readers of the article include ordinary investors, the taken approach is fairly reasonable. Nonetheless, more specific and quantified ‘claims’ (e.g., percentage in profit growth, cost reduction, community contribution amounts etc.) will largely improve the strength of argument. In addition, direct ‘data’ comparisons will help to attract investors - for instance, compare Ford and its competitors, now and the proceeding year

You May Also Find These Documents Helpful

  • Satisfactory Essays

    What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors?…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In the Annual Report, there are several concerns from management. Discuss these concerns, and identify other weaknesses not discussed by management. Then, recommend a course of action addressing these concerns.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    If society changed, and driving eco-friendly cars became a global trend, this would mean that Ford would have to design and…

    • 392 Words
    • 2 Pages
    Good Essays
  • Good Essays

    White’s main points relate to the automotive revolution. Environmentalists want car companies to determine how to make alternatives to the regular petroleum-fueled engine. White explains alternative methods that could persuade the automotive industry to go green, such as using ethanol or other biofuels to power one’s car (332). However, while explaining these particular processes, he gives his own opinion on how well these changes will really affect the industry in the long run. The author adds that “technological change is best done incrementally” (332).…

    • 604 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    * A balance sheet is summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues, gross profits, operating income, and net worth. All businesses need to have revenue in order to establish a good foundation to have their business up and running. A retained earnings statement is the portion of net income not paid out to investors in the business as dividends. If the company earns a profit they have to decide whether or not to invest it or keep it as theirs and distribute it evenly throughout the others in the company. Statement of cash flows provides information about an entity's cash receipts and cash payments during a period. Cash flow statements classify cash receipts and payments according to whether they stem from operating, investing, or financing activities. Assets are any item or items of economic value owned by an individual or corporation, especially that which could be converted to cash. A liability is an obligation that legally binds an individual or company to settle a debt. Comparative statements are financial statements for different periods that allow the comparison of figures to illustrate trends in a company’s performance. Stockholder’s equity is the part of the balance sheet that represents the capital received from investors in exchange for stock donated capital and retained…

    • 264 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ford and Toyota Chapter 3

    • 485 Words
    • 2 Pages

    Locate the CEO certification toward the end of Ford’s 10K, Summarize the main components of the certification. Why should users of the financial statements be assured by the statements made in the certification?…

    • 485 Words
    • 2 Pages
    Good Essays
  • Better Essays

    mkt Case study

    • 1714 Words
    • 5 Pages

    Ford. "Year in Review." - Sustainability 2011/12. Ford Motor Company, 2011. Web. 29 Sept. 2014.…

    • 1714 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Financial Statements

    • 1690 Words
    • 7 Pages

    InstructionsIdentify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example.…

    • 1690 Words
    • 7 Pages
    Satisfactory Essays
  • Better Essays

    8th Grade spanish

    • 1263 Words
    • 4 Pages

    Bibliography: An Approach to Our Environment as Ambitious as Our Cars." Chevy Culture. General Motors. Web. .…

    • 1263 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Newquist, Caleb. (2010, February 2010). Overstock.com to restate financial statements; reassures profitability for 2009. Going Concern. Retrieved from http://goingconcern.com/2010/02/overstock-com-to-restate-financial-statements-reassures-profitability-for-2009/ on June 28, 2010.…

    • 845 Words
    • 4 Pages
    Best Essays
  • Satisfactory Essays

    Ford has strived to meet the demands of the world for the perfect vehicle to fit their needs. Ford has proven that they are truly innovative leaders. Ford Motor Company has fought their way up through the automobile industry from the great depression to the almost collapse of the automobile industry. Henry Ford and Ford Motor Company have played a vital role in history and America’s economy. They have managed to build a company based on value, customers, and tradition that is still going strong. Ford has made their supply chain a critical aspect of their company by promoting long-term relationships with their suppliers and seek alignment with them on sustainability-related issues such as human rights, working conditions and environmental responsibility.…

    • 333 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Tragedy In Detroit

    • 465 Words
    • 2 Pages

    Although Mr. Ford has legendary status in our society, it is interesting to know what he did, and just as interesting to know what he did not do. He did not invent the gasoline engine. He did not invent the automobile, and he did not build the first fully operational automobile. What he did do took far more genius. He recognized the potential of the automobile as the future mode of transportation, replacing of course the horse and carriage, and he also envisioned the mass production of this “horseless carriage” as a means to put it within economic reach of the average worker. In short, Henry Ford put the world on…

    • 465 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Thesis Statement: The government and certain car manufacturing companies shouldn’t be promoting energy conserving vehicles as zero emissions vehicles because 1) the process of manufacturing electric cars pollutes the environment; 2) recharging the car uses a tremendous amount of fossil fuels; 3)The cost to manufacture an electric and hybrid vehicle is tremendous.…

    • 1330 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Accounting for Business

    • 379 Words
    • 2 Pages

    A. Should the company use a sales journal? Why or why not? If a sales journal should be used, what procedures would you recommend to record entries in it and to despatch invoices to customers as soon as possible after deliveries?…

    • 379 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    "Not only do electric vehicles produce just as much carbon in their overall cycle as internal-combustion engines, the need to replace the batteries actually makes them less green than current technology." If we want a cleaner way to get around, "the answer is natural gas, not electric…

    • 634 Words
    • 3 Pages
    Satisfactory Essays

Related Topics