The Australian Commission on Safety and Quality in Healthcare has identified hospital acquired malnutrition as one of 16 potential hospital acquired complications.
What opportunities and challenges does this raise for Food & Nutrition Service Managers?

In this assignment you will assume the role of a manager in charge of business development and write a brief report to your CEO outlining the situation you have evaluated based on the information you have received. Explain how the information you received will impact your firm.

2. Your report should be between 500-600 words.
3. You cannot and should not use outside resources.

START OF CASE

You just signed a contract with Dolce & Gabbana.
You are now in charge of the company’s operations in China.
Unfortunately, your predecessor caused a major crisis for your company (and was fired). Here below, you will see a brief memo written by your assistant.
Now, it is up to you to fix the problem. How would you manage the crisis in your company?

Dolce & Gabbana (D&G) is facing a major crisis in China where top e-commerce sites are dumping its products over accusations of racism. Thousands of D&G goods have disappeared from platforms run by companies like Alibaba and JD.com. The backlash against the Italian luxury fashion brand began earlier this week after it launched video ads featuring a Chinese woman struggling to eat pizza and other Italian food with chopsticks. The situation was then made worse by offensive comments that were allegedly sent from co-founder Stefano Gabbana's personal Instagram account. The videos and comments spread rapidly on Chinese social media, drawing accusations of racism and calls for boycotts from celebrities. The furor forced D&G to cancel a high-profile fashion show in Shanghai hours before it was due to start on Wednesday. The scandal could deliver a heavy blow to the company, as Chinese consumers account for more than a third of global spending on luxury products. The fashion house is now trying desperately

to limit the fallout. On Friday, Gabbana and co-founder Domenico Dolce appeared in a video message posted on social media to apologize to "all Chinese people around the world. Our families taught us to respect all cultures of the world," Dolce said. "We hope to receive your forgiveness for our cultural misunderstandings." The company has apologized previously and also said the offensive messages sent from Gabbana's Instagram account were the result of hackers. But that hasn't stopped the backlash so far.

Retailers yank D&G products

E-commerce company Yangmatou said in a social media post Wednesday that it had removed 58,000 D&G products, declaring that "the motherland is more important than anything else." Lane Crawford, a Hong Kong-based fashion retailer with several outlets in mainland China, said Friday that it is halting the sale of the Italian brand's goods in stores and online after customers started returning them. "We believe that brands need to be aware of the cultural implications of their actions and understand the potential backlash when customers feel their values have been disrespected," Lane Crawford said in a statement. Pages for D&G products on shopping sites operated by Alibaba and JD.com have been taken down, and the brand's products weren't showing up in searches on the sites. Alibaba and JD.com did not respond to requests for comment. D&G products were also unavailable on other online retail sites in China, including those of Yoox Net-A-Porter. A spokesman for Yoox Net-A-Porter acknowledged Friday that the brand's products were unavailable on the company's China sites.

Analysts Evaluations

Analysts warned that D&G's apologies may not be enough to prevent a sharp drop in sales in the world's second largest economy. "The damage to the brand in the eyes of Chinese consumers has already been done," said Ben Cavender, a senior analyst at China Market Research in Shanghai. On social media, people posted videos of themselves burning the brand's clothes or cutting them into pieces and using them to wash their toilets. Cavender suggested another risk is that shopping malls in China choose to start shutting down D&G stores. Hung Huang, a prominent Chinese fashion commentator and magazine publisher, said the Italian brand's use of celebrities to help market its products is likely to encounter difficulties. "I don't think anyone will touch them," she told CNN. Chinese celebrities are already "under pressure" to demonstrate their patriotism following movie star Fan Bingbing's recent temporary disappearance and allegations against her of tax evasion, according to Hung. "China is on a very patriotic bent right now so it's going to very difficult to get support," she said. But Hu Xijin, the editor-in-chief of nationalistic Chinese tabloid Global Times, wrote in a social media post that D&G shouldn't be too heavily penalized because of the incident. He argued that China needs to be more tolerant in order to show the world it's an open market.

END of CASE

Case Study – THE CROWN PRINCESS

Given Facts:  Company: Matrix Systems, Inc., large conglomerate with over 35,000 employees  Competitor Company: Trilinear Systems Inc., small and quite aggressive company outfit  Alice Miller, MBA graduate from Stanford, graduating in the top one percent of her class, capable and hardnosed, ambitious and quite good in her interpersonal relations.  She showed that she was a very high potential employees resulting from putting her to a fast track promotions.  In her third year at Matrix, she was put in charge of a top secret, highly technical government contract  After 3 months, Alice was put in charge of this project and her Boss started to receive 7 resignations from key technical people working on the contract.  If they left, there was no way that matrix could fulfill and worst, all these 7 employees applied for the competitor company Trilinear and the company was seriously thinking of hiring them  Mr. Baker figured out that they were mad not to Alice but to the crown princess problem Questions:

1. What should Mr. Baker do as HR Manager?

2. What should Alice do? Remember, it's hard to stay on the fast track when you are a loser, and she will end up a big loser in this situation.

3. Is it a good idea to have crown princess and fast tracks for minorities and females? Why or why not?

4. Matrix has 10 levels of management in its organization. If it hired talented people at the lowest level and they spent 5 years in that level learning the job, it would take 50 years to get on the top. What besides the track /crown princess option does Matrix have?

Problem 3-04A

A review of the ledger of Gina Company at December 31, 2020, produces the following data pertaining to the preparation of annual adjusting entries.

Prepare the adjusting entries at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

The controller for Clint Swifty Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided.

1. Commercial savings account of $690,500 and a commercial checking account balance of $812,900 are held at First National Bank of Yojimbo.

2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Swifty to write checks on this balance, $5,228,200. 3. Travel advances of $194,800 for executive travel for the first quarter of next year (employee to reimburse through salary reduction).

4. A separate cash fund in the amount of $1,493,000 is restricted for the retirement of long-term debt.

5. Petty cash fund of $1,750.

6. An I.O.U. from Marianne Koch, a company customer, in the amount of $166,700.

7. A bank overdraft of $116,700 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank.

8. The company has two certificates of deposit, each totaling $537,300. These CDs have a maturity of 120 days.

9. Swifty has received a check that is dated January 12, 2021, in the amount of $131,320.

10. Swifty has agreed to maintain a cash balance of $514,800 at all times at First National Bank of Yojimbo to ensure future credit availability.

11. Swifty has purchased $2,005,100 of commercial paper of Sergio Leone Co. which is due in 60 days.

12. Currency and coin on hand amounted to $7,949. (a) Compute the amount of cash and cash equivalents to be reported on Swifty Co.’s balance sheet at December 31, 2020.

The amount of Cash and Cash Equivalents reported on December 31, 2020 $

How to put merchandise inventory in T accounts

The following amounts summarize Transeer Company’s merchandising activities during 2020. Post the activities in the following T-accounts and calculate the account balances. Assume that the company uses perpetual inventory system.

Trainex Corporation purchased equipment on January 1, 2020 at a cost of $500,000. The equipment has an estimated residual value of $50,000 and an estimated life of 5 years. At the end of two years, Trainex reevaluated the useful life of the equipment. Management extended the total useful life an additional 5 years but estimated that the equipment would have no residual value at the end of this time. If the company uses straight-line depreciation, what amount (in whole dollars) would be recorded as depreciation expense 1) for 2020 , 2) for 2021 , and 3) for 2022 ? The journal entries to record depreciation in each of the years would include a debit to (what account?) and a credit to .

Dent Company has the following inventory information:

                                      Inventory at   

            Year        year-end prices (FIFO)                            Price Index

            2017(base)               $180,000                                   1.00

            2018                           252,000                                   1.05

            2019                           368,000                                   1.15

            2020                           387,500                                   1.25

Instructions

Using the dollar-value LIFO method, compute the ending inventory value for each year.

SHOW ALL THE STEPS YOU USED TO ARRIVE AT THE FINAL ANSWER.

Answers:

2017 $_______________

2018 $_______________

2019 $_______________

2020 $_______________

Based on your answers from above, record the journal entry required to adjust the inventory to dollar-value LIFO for 2018 and 2019 only

On December 31, 2020, Flounder Company borrowed $67,653 from Paris Bank, signing a 5-year, $114,000 zero-interest-bearing note. The note was issued to yield 11% interest. Unfortunately, during 2022, Flounder began to experience financial difficulty. As a result, at December 31, 2022, Paris Bank determined that it was probable that it would receive back only $85,500 at maturity. The market rate of interest on loans of this nature is now 12%.

1. Prepare the entry to record the issuance of the loan by Paris Bank on December 31, 2020.

2. Prepare the entry, if any, to record the impairment of the loan on December 31, 2022, by Paris Bank

At the beginning of 2017, the Mini Construction Company received a contract to build an office building for $1.2 million. Mini will construct the building according to specifications provided by the buyer, and the project is estimated to take four years to complete. The cost breakdown is as follows. Determine the amount of revenue and gross profit to be recognized each year. (do not include $ in your answer, round to 4 decimal places).