Case Study 2 Fred’s Miracle Cough Syrup has hit the market and become a huge success with the burgeoning integrative medicine demographic. Per your advice, Fred has patented his famous concoction and trademarked the Fred’s Miracle Cough Syrup name and logo.

Demand is so high that Fred and Sally are working full-time on the business. Their children, Sam and Lilly, and their respective spouses, Jane and Tim, have joined the company full-time as well. In fact, Fred and Sally have made Sam and Lilly part owners of the business. Fred, Sam, and Tim handle the production, sales, and delivery. Sally and Lilly handle the majority of the administrative and business management tasks, while Jane acts as the bookkeeper. Sally and Fred are the only authorized signatories on the corporate account. Sally and Lilly have been hard at work securing a new production facility and distribution chain to accommodate an upcoming contract with a national chain.

After locating a large warehouse on several acres, Sally and Lilly approach their local credit union for a loan. The business has only one business credit card used to purchase supplies for the production of Fred’s Miracle Cough Syrup, and there is a small mortgage outstanding on the family farm. Personal debts of the individual family members consist of small credit-card balances for Fred, Sally, Sam, and Lilly as well as an auto loan on Sam’s van.

During the commercial loan accounting review process, Sally and Lilly discover that Jane has been siphoning off large amounts of corporate money and “cooking the books” to hide her actions. Jane has written several checks from the corporate account and forged both Sally’s and Fred’s signatures. Jane has made out all but one of the forged checks to Don, a local loan shark, in an effort to repay her gambling debts. The check Jane did not deliver to Don was made out to “Cash,” which she slipped into the collection box at church in an effort to absolve her guilt. The embezzlement was so severe that the family fears that Fred’s Miracle Cough Syrup is now on the brink of bankruptcy.

Meanwhile, Sam’s refusal to enter into an exclusive distribution deal with the local drugstore has enraged Bob, the owner. Bob has now reverse engineered Fred’s cough syrup recipe and has posted it online in an act of vengeance. As Fred and Sally tearfully recount the events of the past month, you reassure them that you are on the case, and you begin to ponder the legal issues at hand. Specifically, the following critical elements must be addressed:

What legal defenses might Fred and Sally raise with regard to the checks written by Jane to Don and the church?

Please Use your keyboard (Don't use handwriting)

MGT 322

I need new and unique answers, please. (Use your own words, don't copy and paste)

Critical Thinking

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

Question:

1. Why Companies adopted Lean Thinking and JIT model?
2. Discuss major types of Waste, companies has to keep in mind during production.
3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?
4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example.

The Answer should be within 4- 5 pages.

The Answer must follow the outline points below:

• Lean Thinking and JIT Concept
• Agile Supply chain
• Their Main functions
• Reasons with suitable Examples
• Reference

____________

please complete my answer to be looonnnnnnggggg answer pleaseee ..... I need new and unique answers, please. (Use your own words, don't copy and paste)

Lean Thinking is a methodological aspect of business which aims to provide innovative ways to organisations about how to organise human activities to serve the society and help indivuduals add perspective to their lives and reduce wasted. The companies adopt lean thinking to reduce the wastage of human resource and increase the productive capacity of the employees working.

JIT Model or Just-in-time Model is an inventory management model wherein the different aspects of production like labour, raw material, etc., are refiiled at the exact time when it is ultimately required. This model is used by almost all the organisations as through this model thr production is kept uninterupted and there is no wastage of time while any factor of production is exhausted.

The major types of waste that a company has to keep in mind includes mainly the wastage of raw materials, wastage of labour resource, power supply. etc.

Lean Thinking plays an intregal part in every organisation. Every organisation intends to reduce the wastage throughout the production process. Every organisation wants to keep their potential employees and a very important way is to keep the employee satisfied with the job , working conditions, pay scale, etc. Employees play the most important role as most of the production process depends on them therefore, lean thinking helps the suppliers to the end users.

Agile supply chain is a process of product distribution that is concerned with quick delivery of products, early responses to the market, cost saving, high productivity with flexibility. At this point of the emergency of COVID-19 agile supply chain is very useful as the World is under lockdown and the market is facing serious issues of scarcity of the necessity items that are demanded. As under lockdown major companies are completely shut which has resulted in the reduction in production in alot of the sectors and the Economy around the World is facing massive drop and in some countries the Economy is running negetive. This is the time to adopt agile supply chain Worldwide to save the market from reaching recession.

What Happens to the Purchasing Value of Money during deflation?

1) Increases

2) Decreases

3) It changes but there is no way of knowing the direction or the magnitude of change.

4) No change, only the price changes.

Only 1 option is correct, please explain with reason.

It is good practice to put on each page of each type of document any of the following except:

1-list of the changes made to the document.

2-a sequential revision number.

3-the initials of the person who made the changes.

4-No answer text provided.

week 7

Write a 500 - 750 word paper on the following topic: Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls and how these changes have affected corporations, accounting firms, and investors.

Describe GPCRs and their function. What atomic-level changes can occur in a ligand or a GPCR, and what are the results from those changes? Describe specific domains and regions of a GPCR and their general function. How are experimental point mutations used to study GPCRs?

a. How are contribution margin and break even related?

b. What happens to break even point if variable cost per unit changes, if fixed cost changes?

c. Explain the degree of operating leverage and how it is related to a companies profit risk.

i. Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States from 2000-2010.

Do research on the effectiveness of the Controlling the Assault of Non-Solicited Pornography and Marketing (CAN-SPAM) Act. Would you recommend any changes to this act? If so, what changes would you like to see implemented and why? Submit the assignment to Dropbox.