Explain how the would overstatement of inventory affect assets?

This
week the course designers gave us one big question to answer. It’s
easier to answer,
however, as a whole bunch of easy little questions. This week,
fortunately, we don’t need any financial statements or web links to
answer the easy little questions.

To make sure you’ve answered each question and that I can quickly see that you’ve answered
each question, please label (number
and letter) your
answers as follows. I recommend that you just
copy the questions and paste them into your answer and use them to make sure you’ve answered each little piece of this
week’s discussion question:

1a. How
would the overstatement of inventory affect assets? (Which specific asset
would it affect and in which direction?)

1b. How
would the understatement of inventory affect assets? (Which specific asset
would it affect and in which direction?)

2a.
How would the overstatement of inventory affect liabilities?

2b. How
would the understatement of inventory affect liabilities?

3a.
How would the overstatement of inventory affect a permanent owner’s equity account? (Which specific owner’s
equity account would it affect and in which direction?)

3b. How
would the understatement of inventory affect a permanent owner’s equity account? (Which specific owner’s
equity account would it affect and in which direction?)

Hint: For
each question be sure to say whether the inventory error (overstatement or understatement) would increase or decrease the
accounting element, or have no
impact at
all. If the error would increase or decrease the element, be sure to say which
specific account the
error increases or decreases. For Question 1a,
for instance, you might say something like, “An overstatement of
inventory increases assets, specifically the Merchandise Inventory
account.”
Luannn
2 minutes ago
Hint 1: For
each question be sure to say whether the inventory error (overstatement or understatement) would increase or decrease the
accounting element, or have no impact at all. If the error would increase or decrease the element, be sure to say which
specific account the error increases or decreases. For Question 1a,
for instance, you might say something like, “An overstatement of
inventory increases assets, specifically the Merchandise Inventory
account.” 😀

The accounting elements are assets, liabilities and stockholders’
equity.

Hint 2: Chapter
6, on page 6-16, has Illustration 6.18, which directly addresses our
discussion question and actually contains the answers to two of our
questions outright. 🙂 Good luck!

What factors within the economic environment affect businesses, thus management strategy?

Over the last several weeks we have researched various organizational structures and cultures. Business is in constant change with many forces influences these changes such as global, local, legislative, cultural, etc. This week we consider how these forces impact the organization along with what managers can do when confronted with these forces.

In this discussion address the following:

What factors within the economic environment affect businesses, thus management strategy?
How do demographics shifts and technological developments create both challenges and new opportunities for business?
Scenario:

Justine Wood is the top salesperson for Morton Paper Company. She also leads the sales team that supports Morton’s largest client, Allied Office Supplies headquarters is located in Barcelona, Spain. Allied is an international office supply chain that is growing rapidly in the global market. During the month of May, Justine and her team members, Andy Griffith and Ronnie Howard underwent intense negotiations with Allied’s purchasing agent, Jack Black, and Allied’s CEO, Cary Grant, to restructure the current sales contracts.

The new contract spelled out Allied’s yearly paper requirements (contracted sales amounts) as well as payment and credit terms. The negotiations had been particularly hard for several reasons:

Allied’s sales had increased internationally causing shipping and customs duties to increase the cost to Morton, resulting in an increase in sales price to Allied’s;
Morton’s sales have deceased domestically due to technological advances such as e-records, e-contracts, etc.
The volume of sales for Allied required Morton to offer a volume sales discount to remain competitive with other paper companies, though tariffs and other taxes impact profits for the company.
Morton’s CEO (Jimmy Cricket) was reluctant to tie so much of the company’s future success to Allied. The concern was raised because in the last six months, Allied was paying down the credit line every 60 days rather than in the 30 days that had been agreed to in the current contract. Allied did not appear to have credit issues but Morton was not able to give interest-free loans for 60 days.
The world market has been challenging for their products and the executives have been talking about diversifying their products.
This week, in time for the Labor Day holiday vacation, the final agreement was reached between Morton and Allied. On Friday evening, Justine was packing her belongings readying to leave the office for the holiday, when her cell phone pinged. The caller was Jack Black, the Purchasing Agent for Allied. It appeared that a recent deal with UMGC tripled its need for copy paper from Morton. This deal would raise the total contract sales to $2.5 million. Black also made it clear to Justine that if the new terms were not agreed on by the end of that Friday evening, he would be prepared to look at an offer supplied to him by Morton’s biggest competitor, King Paper. Black further stated that, while Allied is pleased with Morton’s work, money is always the most important factor in purchasing. Allied’s president wanted an immediate answer so he could go on vacation with a clear mind. Justine was aware that most of Jack’s talk was a negotiating technique but did not doubt that there is competition waiting in the background. Images of last month’s teamwork ran through Justine’s mind as she listened to Black talk.

Overall, the month’s negotiation process had been long and difficult. The thought of going over it all again to make the changes seemed mind-numbing to Justine. Yet, making the decision on her own would mean obligating the company to an even greater cash flow commitment. Her boss would not be happy with this obligation because he specifically warned her when they started that there was nothing to prevent Allied’s from continuing to pay its bills every 60 days despite the new contract agreement. Justine rationalized and thought to herself, “Allied knows we are not likely to cut them off easily. They are too big a customer to us. However, the extra sales volume should offset the lost interest due for ten days in late invoices.”

Justine told Black that she could tell the CEO about the proposal. When Justine hung up the phone, she thought about all the work that went into the external environmental analysis they did prior to the negotiations taking into consideration strengths, opportunities, and some of the concerns that came up in the world market.

Explain the advantages of contracting with a medical group versus an individual physician.

Please answer the following questions with complete sentences.
·
Each question should
be answered in at least 6-8 complete sentences.
·
Use at least one
reference for each answer. Include the proper citations in APA format.
·
Do NOT copy and paste.
Put information in your own words.
·
Make sure there are no
spelling or grammar errors.

1)
Explain the advantages of contracting with a
medical group versus an individual physician.

2)
Discuss “individual risk” versus
“pooled risk” as it relates to a PCP’s contract with an HMO.

3)
Describe the goal of disease management and
explain why this is important to an MCO.

4)
Why should health plans pursue prevention
strategies? Give one example of a program that can be offered by a health
plan to help members change high-risk behaviors.
623442
3 minutes ago
Please add one reference to each answered question.

What extent should EU authorities intervene in member state decisions in such matters?

Governments in Hungary, Poland, and other EU member states do not recognize (and indeed undermine) LGBT+ rights that are recognized elsewhere, for example by banning same-sex marriage (see the Coman case), prompting concern within EU institutions. Meanwhile, in Canada, federal authorities have not opposed Quebec’s bill 21, which bans the wearing of religious symbols such as hijabs, yarmulkes, and turbans by Quebec teachers (except, after a recent court decision, those employed by English-language school boards), police officers, and other government employees in a position of authority. (Just as bill 21 is popular in Quebec, captured by the BQ slogan “Quebec knows what’s best for Quebec”, so too the government positions in Hungary, Poland, and elsewhere are popular within those EU member states.) Referring to readings in this course, to what extent should EU authorities intervene in member state decisions in such matters?