Response:
A. Report if you’ve been placed on any state or federal exclusion list
Clarification:
While employed within an organization, certain responsibilities concerning compliance, integrity, and honesty are present, including but not limited to:
1. Reporting if they find themselves on a state or federal exclusion list, inclusive of the Officer of Inspector General (OIG) and the General Service Administration (GSA)
2. Promptly report any criminal offense if convicted, except for minor traffic violations
Convictions do not pertain to the following:[
a. Arrests or charges
b. Dismissed judicially
c. Felony convictions, which also entails controlled substance offenses must always be reported
thus, the correct selection is a.
$114,000
To begin with,
Net credit sales amount to $2,250,000.
The starting allowance for doubtful accounts stands at $36,000.
During the year, $90,000 worth of uncollectible accounts were written off.
First, we need to ascertain the adjustment needed for the allowance for doubtful accounts:
Excess amount to adjust = Uncollectible accounts written off - Beginning allowance for doubtful accounts
= $90,000 - $36,000
= $54,000
Allowance amount calculated as follows:
10% of the accounts receivable balance:
0.1 × $600,000 = $60,000
Thus, the necessary adjustment for the Allowance for Doubtful Accounts at December 31, 2017 totals to:
Excess to adjust + Allowance amount
= $54,000 + $60,000
= $114,000.
Part a. Produce the goods in-house and allow international sales managers to oversee marketing.
Advantages include:
- Complete authority over production processes.
- Simplicity in strategizing and scaling manufacturing.
- Enhanced control over human resources.
- Increased comprehension of European markets by foreign sales agents.
- Reduced exit costs in case of product failure.
Disadvantages consist of:
- Limited knowledge regarding pharmaceutical protocols in Europe.
- Risks to the brand's reputation if not correctly managed by foreign agents.
- Extra expenses in product delivery.
Part b. Produce the items in-house and establish a wholly-owned entity in Europe for marketing.
Pros encompass:
- Full oversight of manufacturing operations.
- Ease in creating strategies and ramping up production.
- Better human resource oversight.
- Protection of brand integrity since marketing is managed internally.
Cons include:
- Increased resource allocation for marketing.
- Insufficient information about pharmaceutical standards in Europe.
- Extra delivery costs.
Part c. Form a strategic partnership with a significant European pharmaceutical entity to manufacture products via a 50/50 joint venture for marketing.
Pros involve:
- Risk-sharing among the enterprises.
- No additional costs for delivery.
- Valuable insights into European regulations and marketing.
Cons involve:
- Diminished control over manufacturing.
- Share profits among partners.
- Moderate exit costs involved.
- Possible brand image damage due to the additional firm.
Clarifying the assignment would be the initial action John should undertake to expand Kerry's duties.
Explanation:
Option A: When new responsibilities are introduced, John must first clarify the nature of these tasks. This approach will help Kerry manage her work efficiently.
Option B: Although feedback is beneficial, it's not the initial step for adding responsibilities.
Option C: Informing others is John's duty, not Kerry's, thus, this option is not valid.
Option D: While accountability is essential, it comes at a later stage.
