The cash flow statement tells the readers about the cash receipts and cash payments of the business during a particular period of time. The sources of cash range from customer payments, loans, asset sales, and equity issue. Similarly, the uses of cash may include purchase of equipment, payments to suppliers,...

The purpose of balance sheet is basically to tell the readers about the assets of the organization as well as the funding sources that make it possible to acquire these assets such as debt and equity. In other words, the balance sheet shows what the organization owns and owes. The...

In the 1910s and 20s, Henry Ford built on the principles of scientific management through increased standardization and the development of the assembly line. At the Ford Motor Company in Detroit, the creation of the Model T automobile in 1908 was near perfection in the art of mass production, and...

Ford motor company and Toyota Motor Corporation are attributed to have been pioneers of lean manufacturing and mass production of motor vehicles. The aforementioned perfected the two systems of Ford assembly and Toyota production. The Ford system is also known as an automation system and it is symbolic of a...