In Fall 2016 You Are Hired As Controller Of The Medical Device Division Of Virte

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In Fall 2016, you are hired as Controller of the Medical Device division of Virtek. You report to Steve Slack, the General Manager of the division. Virtek has annual sales of approximately $1.7 billion. The Medical Device Division annual sales are approximately $170 million, about 10% of Virtek’s total annual sales. The Medical Device Division had a very good 2016. As you close the books for 2016 in January 2017, you are reporting a net profit of $21.6 million, well above the 2016 target profit of $20 million for the division. After reviewing the preliminary 2016 financial statements, Steve Slack says,

“We get our bonuses as long as we meet or exceed our $20 million target for net profit. It doesn’t help us to exceed the target by more than one and a half million, that will only encourage corporate to make our target that much higher for 2017. I want you to develop a rational for increasing our reserve for inventory obsolescence that will reduce our 2016 net profit to just over $20 million.”

By taking a pessimistic view of future market prospects, you are able to identify $1.25 million worth of inventory that under those market conditions could be justifiably fully reserved (written off) using conservative accounting. Steve Slack is pleased with the results you reported to him. He said,

“That’s very good! I’m fairly confident we can sell all that inventory in 2017 without offering any more than a small discount off our regular price. That will boost our 2017 net profit by nearly $1 million. With that extra cushion, we’re almost certain to achieve our 2017 earnings targets and our bonuses. I want you to book that adjusting entry to increase our inventory reserve for obsolescence. Oh, by the way, are you sure you can’t find another $200,000 or so of inventory we could write off in the same manner? It wouldn’t hurt to have even more of a cushion.”

You were a little uncomfortable reviewing inventory for obsolescence with a specific target value in mind, and following the meeting with Steve Slack, you decide that before you book the adjusting entry to increase the inventory reserve for obsolescence as he instructed, you want to review the entire situation before proceeding.

Required memo to Steve Slack in good form. Your memo should:

  1. Identify the ethical issues you both face.
  2. Identify the major stakeholders involved and state how the stakeholders would be affected by the course of action ordered by Steve Slack.
  3. Explain why you believe the course of action proposed by Steve Slack (identifying inventory that can be written down for 2016 that will likely be sold at no more than a small discount to normal prices in 2017) is ethical or unethical.
  4. Regardless of whether you believe the course of action proposed by Steve Slack is ethical or unethical, identify an ethical alternative to his proposed course of action. Recommend one course of action, and explain and support your recommended choice.
 
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In Final Jeopardy Pp 234 242 Stephen Baker Expresses An Interesting Look At The

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In “Final Jeopardy” (pp. 234-242), Stephen Baker expresses an interesting look at the way technology, especially in terms of machines, could dramatically change the relationship between mankind and technology—not just helping us to locate information, but also to show us how to think about it. What are Baker’s concerns about this evolution in technology, and what are his reasons (stated or implied) for optimism? As you consider the relative strengths and weaknesses of those reasons, explain whether and why you find yourself more pessimistic or more optimistic about our changing technologies as presented by Baker.

Please ensure that your essay addresses each component of the question assigned question and that your answer is well- organized,  uses excellent, college-level prose, and  makes judicious use of textual evidence.  

Why the Future Doesn’t Need Us

Why the Future Doesn’t Need Us

 
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In Fae Myenne Ng S Steer Toward Rock Why Does Jack Go Into Confession And What A

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In Fae Myenne NG’s Steer Toward Rock, why does Jack go into confession and what are the results of him doing so? how does he feel psychologically?

In Fae Myenne NG’s Steer Toward Rock, why does Jack go into confession as it helps him befreed from guilt. It has a psychologically positive impact on him and he is able to becomestronger. This…

 
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In General It Is Argued That The Lower Of Cost Or Market Rule Is Supported Most

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In general, it is argued that the lower of cost or market rule is supported most closely by which of the following theoretical assumptions

A. Revenue recognition

B. Conservatism

C. Historical cost

D. Going concern 

 
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In General How Do Sociologists And Psychologists Account For Human Behavior In O

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In general, how do sociologists and psychologists account for human behavior; in other words, what motivates humans to act within each discipline?

For many sociologists and psychologists, the individual is not fully independent, but rather a somewhat conformist member of some group whose common identity can come from any manner of attributes (e.g., race, ethnicity, class, gender). Does this proposition strike you as accurate; do you agree with this argument from sociology and psychology? If so, why; if not, why not?

Based on your own observations and experiences, do humans in groups behave more as a mob, or more as a deliberative and peaceful assembly?

 
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In General Do You Honestly Feel Conflict Is Positive Or Negative How Often Do Yo

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Attitude • What is your attitude toward conflict in general? Do you honestly feel conflict is positive or negative? How often do you feel you are in a win/lose scenario when in the midst of conflict? (Please explain the reasoning behind your answers.) • Have these beliefs changed after reviewing the course material for Week 1 and, if so, how? (Please explain the reasoning behind your answers.)

2. Experience • How much experience do you have in handling conflict in the workplace? Rate yourself on a scale of 0-10, with 0 being applicable if you have never been in the workplace and 10 being a professional mediator. If you have not previously had a job, please apply the rating to volunteer/school experience and note whether that experience was as a volunteer or a student (in high school or college). • Include a brief explanation of your experience and the reasoning behind your ratings.

3. Training • How much formal training have you had in resolving workplace conflict? • How much formal training have you had in resolving personal conflict?

4. Conflict Response and Management Approach • How do you normally handle difficult situations in terms of the five responses to conflict (see p. 5 of your textbook)? • Do you generally employ a more positional or interest-based approach to conflict management (see pp. 7 and 8 of your textbook)? • Please compare and contrast your personal response with that of your professional response. If there’s a difference between the two, in what way do you behave differently and what do you feel is the explanation for this behaviour?

5. Provide a brief SWOT analysis of your conflict management skills at this point.

6. Going forward, what specific skills and behaviours do you hope to develop during this course, if any, and why? Is there something in particular which you would like to address over the course of the term – of great interest to you personally or something you believe would help you professionally?

 
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In General Automobile Manufacturers Produce Their Own Engines But Purchase Tires

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In general, automobile manufacturers produce their own engines but purchase tires from independent suppliers. Why?

In general, automobile manufacturers produce their own engines but purchase tires from independentsuppliers. Why?Answer:Producing engines is a core business of an automobile manufacturer. A…

 
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In Garter Snakes There Is An Allele That In The Heterozygous Condition Produces

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In garter snakes, there is an allele that in the heterozygous condition, produces snakes with a blotched color patterns.  Snakes that are homozygous dominant for the allele are brown.  Homozygous recessive snakes abort early or are stillborn.

If a blotched male is mated to a similarly colored female, what is the phenotypic  ratio you would expect between the 18 living offspring?

(show all work)

 
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In Fruit Flies One Genotype For Red Eyes Is Written Xr Xr The R Stands For The D

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In fruit flies one genotype for red eyes is written Xr Xr. the R stands for the dominant allele for red eyes what does x stand for?

 
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In Fruit Flies Eve Color Is A Sex Linked Trait Red Eye Color Is Dominant To Wh

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Please show completed punnett squares

In fruit flies , eve color is a sex – linked trait . Red eye color is dominant to white .*| A. What are the sexes and eve colors of flies with the following genotypesWhile eyesRed eyesX RX *.X RY ._ X x X xX RX R.- 1 1X`B . What are the genotypes of these flies ."white- eved , male*red – eved female (heterozygous )white – eved , female*red – eyed , male*. Show the cross of a white – eyed female* * * * * with a red- eyed male* * * *.D . Show a cross between a pure red- eyed female and a white – eyed male .E . Show the cross of a red – eyed female ( heterozygous ) and a red-eyed male .What are the genotypes of the parents :"alldHow many are !white eved , male*white eved , femalered eved, male`red eyed , female`What are the genotypes of the parents ?"How many are :white eved , male*white eyed , female*red eved , male_red eved, female

 
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