Please read the attachment for proper instruction and guidance. NO PLAGIARISM!!! Use common English language when writing. This paper will be submitted in Turnitin. Please be sure to include some citations from your sources. I've included the grading rubric for the assignment due Feb 23, 2015. Write the paper in the order of the rubric.
ACC 206 - Assignments and Rubrics Assignment 1: Business Formation Due Week 8 and worth 200 points Three (3) personal trainers at an upscale health spa / resort in Sedona, Arizona, want to start a health club that specializes in health plans for people in the 50+ age range. The trainers Donna Rinaldi, Rich Evans, and Tammy Booth are convinced that they can profitably operate their own club. They believe that the growing population in this age range, combined with strong consumer interest in the health benefits of physical activity, would support the new venture. In addition to many other decisions, they need to determine the type of business organization that they want to form: incorporate as a corporation or form a partnership. Rich believes there are more advantages to the corporate form than a partnership, but he has not convinced Donna and Tammy of this. The three (3) have come to you, a small-business consulting specialist, seeking information and advice regarding the appropriate choice of formation for their business. They are considering both the partnership and corporation formation options. Assume the trainers determine that forming a corporation is the best option. Next, Donna, Rich, and Tammy need to decide on strategies geared toward obtaining financing for renovation and equipment. They have a grasp of the difference between equity securities and debt securities, but do not understand the tax, net income, and earnings per share consequences of equity versus debt financing on the future of their business. They have asked you, the CPA, for your opinion. Write a two to three (2-3) page paper in which you: 1. Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Recommend which option they should pursue. Justify your response. 2. Explain the major differences between equity and debt financing, and discuss the primary ways in which each would affect the future of the partners' business. 3. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Prepare transactions related to partnerships and corporations' stockholder equity, and issue the related financial statements. Determine the concepts for investments and the related accounting transactions. Use technology and information resources to research issues in financial accounting. Write clearly and concisely about financial accounting using proper writing mechanics. ACC 206 - Assignments and Rubrics Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. Points: 200 Criteria Unacceptable Below 60% F Assignment 1: Business Formation Meets Minimum Fair Proficient Expectations 60-69% D 70-79% C 80-89% B Exemplary 90-100% A 1. Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Recommend which option they should pursue. Justify your response. Weight 40% Did not submit or incompletely provided a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Did not submit or incompletely recommended which option they should pursue. Did not submit or incompletely justified your response. Insufficiently provided a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Insufficiently recommended which option they should pursue. Insufficiently justified your response. Partially provided a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Partially recommended which option they should pursue. Partially justified your response. Satisfactorily provided a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Satisfactorily recommended which option they should pursue. Satisfactorily justified your response. Thoroughly provided a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Thoroughly recommended which option they should pursue. Thoroughly justified your response. 2. Explain the major differences between equity and debt financing, and discuss the primary ways in which each would affect the future of the partners' business. Weight 35% Did not submit or incompletely explained the major differences between equity and debt financing; did not submit or incompletely discussed the primary ways in which each would affect the future of the partners' business. Insufficiently explained the major differences between equity and debt financing; insufficiently discussed the primary ways in which each would affect the future of the partners' business. Partially explained the major differences between equity and debt financing; partially discussed the primary ways in which each would affect the future of the partners' business. Satisfactorily explained the major differences between equity and debt financing; satisfactorily discussed the primary ways in which each would affect the future of the partners' business. Thoroughly explained the major differences between equity and debt financing; thoroughly discussed the primary ways in which each would affect the future of the partners' business. 3. 2 references; , appropriate use of APA intext citations and reference section; information literacy / integration of sources No references provided. Lack of in-text citations and / or lack of reference section. Serious errors in the integration of sources, such as intentional or Does not meet the required number of references (2), and / or references are of poor quality. In-text citations and references are given, but Meets the required number of references (2); some or all references poor quality choices. In-text citations and references are provided, but they are only Meets number of required references (2); all references high quality choices. Most in-text citations and references are provided, and they are Exceeds number of required references (2); all references high quality choices. In-text citations and references are error free or almost error free and consistently ACC 206 - Assignments and Rubrics Weight: 15% accidental plagiarism, or failure to use intext citations. not in APA format. Sources are rarely integrated using effective techniques of quoting, paraphrasing, and summarizing. partially formatted correctly in APA style. Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. generally formatted correctly in APA style. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. formatted correctly in APA style. Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing. 4. Writing Mechanics, Grammar, Formatting, and Clarity and Coherence of Writing Weight: 10% Serious and persistent errors in grammar, spelling, punctuation, or formatting. Information is confusing to the reader and fails to include reasons and evidence that logically support ideas. Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use intext citations. Numerous errors in grammar, spelling, and punctuation. Information is somewhat confusing with not enough reasons and evidence that logically support ideas. Sources are rarely integrated using effective techniques of quoting, paraphrasing, and summarizing. Partially free of errors in grammar, spelling, punctuation, or formatting. Information is partially clear with minimal reasons and evidence that logically support ideas. Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. Mostly free of errors in grammar, spelling, punctuation, or formatting. Information is mostly clear and generally supported with reasons and evidence that logically support ideas. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. Error free or almost error free grammar, spelling, punctuation, or formatting. Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas. Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing ACC 206 - Student Notes Weekly Course Schedule The purpose of the course schedule is to give you, at a glance, the required preparation, activities, and evaluation components of your course. For more information about your course, whether on-ground or online, access your online course shell. The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. This time estimate includes preparation, activities, and evaluation regardless of the delivery mode. Instructional Materials In order to be fully prepared, obtain a copy of the required textbooks and other instructional materials prior to the first day of class. When available, Strayer University provides a link to the first three (3) chapters of your textbook(s) in eBook format. Check your online course shell for availability. Review the online course shell or check with your professor to determine whether Internet-based assignments and activities are used in this course. Strayer students are encouraged to purchase their course materials through our designated Strayer Bookstore. http://www.strayerbookstore.com If a lab is required for the course, the Strayer Bookstore is the only vendor that sells the correct registration code so that Strayer students may access labs successfully. Discussions To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread. Please note: Material in the online class will be made available three weeks at a time to allow students to work ahead, however, faculty will be focused on and responding only to the current calendar week. As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area. Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours. Tests Tests (quizzes, midterm and final exams, essay exams, lab tests, etc.) are available for student access and completion through the online course shell. Check the online course shell to determine how students are expected to take the tests. Do not change these questions or their point values in any way. This disrupts the automated grade book preset in the online course shell. Online students are to complete the test by Monday 9:00 a.m. Details regarding due dates are posted in the Blackboard Calendar tool. On-ground students are to complete the tests after the material is covered and before the next class session. Assignments A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the rubric before submitting assignments that have grading rubrics associated with them to ensure you have met the performance criteria stated on the rubric. Grades are based on individual effort. There is no group grading; however, working in groups in the online or on-ground classroom is acceptable. ACC 206 - Student Notes Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell. Resources The Resource Center navigation button in the online course shell contains helpful links. Strayer University Library Resources are available here as well as other important information. You should review this area to find resources and answers to common questions. Technical support is available for the following: For technical questions, please contact Strayer Online Technical Support by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under \"Student Center,\" then \"Submit Help Ticket.\" If you are unable to log in to your iCampus account, please contact Technical Support via phone at (877) 642-2999. For concerns with your class, please access the Solution Center by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under \"Student Center,\" then \"Submit Help Ticket.\" If you are unable to log in to your iCampus account, please contact the IT Help Desk at (866) 610-8123 or at mailto:IThelpdesk@Strayer.edu. TurnItIn.com is an optional online tool to assess the originality of student written work. Check with your professor for access and use instructions. The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It is important that students be aware of these policies
