Which us trade laws you consider when selecting country

Reference no: EM133610975

Assignment

Evaluate two of the scenarios listed below and explain the best solution for each. Include comments related to any ethical issues that arise. Support your responses with appropriate cases, laws and other relevant examples by using at least one scholarly source from the SUO Library in addition to your textbook for each scenario.

Scenario I: International Trade

The Director of Purchasing for parts Distribution Company wants to purchase steel coach screws from Germany; however, he is not sure what the best option is. The director comes to you and asks your opinion. You know that Germany, Canada, and Korea are the best sources for obtaining this product. While your research shows coach screws from Germany are of the highest quality, the United States imposes a tariff of 12.5%, which makes this option noncompetitive.

1. Which US trade laws should you consider when selecting a country?

2. Is there any way by which you can seek a reduction on the tariff? If so, how? If not, why?

3. Select an alternative country (Canada or Korea) for purchasing the coach screws and explain your reasons for selecting the country.

Scenario II: Bribery

Slyce Pizza Company purchased four commercial refrigerators for the restaurants and eight pizza ovens from a supplier in Italy. Between the shipping costs, delays, and unanticipated duties, the purchasing manager was worried that his boss would be upset about the total costs. In an effort to reduce costs, the manager offered a US Customs officer $500 in cash to re-classify the imported goods to reduce the amount of duties owed.

1. Analyze the legal and ethical ramifications of the purchasing manager's offer to the customs official?

2. Would it make a difference if the purchasing manager offered to donate $500 to St. Jude Children's Research Hospital if the officer expedited the paperwork necessary to release the goods from custom's custody?

Scenario III: Environment

Recycling Genie is a new company that contracts with Best Buy and other electronics retailers for the collection old computers, monitors, televisions, and cell phones dropped off at their facilities. The electronics contain lead, mercury, and polyvinyl chlorides that are known to have toxicological effects such as cancer, kidney disease, and brain damage. Recycling Genie has been in negotiations to ship the e-waste to companies in China, Vietnam, and Mongolia.

1. What are the legal and ethical concerns with shipping e-waste to these countries?

Scenario IV: Property

Ginger and Allen lived together in New Mexico since 2011, but they were not married until July 2013. Allen purchased the home in 2008, prior to meeting Ginger. He did not add Ginger to the title after they were married; however, she contributed to the mortgage payments from 2011 until she started her business in 2013. In September 2013, Ginger inherited $55,000 from her father that she used to start a corporation, Fantastic Faces, a beauty consulting business

Ginger worked full time for Fantastic Faces, while Allen continued with his job teaching at the university. Allen made no contributions to Fantastic Faces. Due to limited financial resources, Ginger did not earn any salary until 2015.

In May 2013, Allen inherited 20 acres of farmland in Alabama from his grandfather. The land was leased to a local farmer. Allen visited the farm after the funeral in 2013 but did not return to Alabama. The rental income of $5,000 per year was deposited into the couple's joint account. Allen filed for divorce in New Mexico on November 10, 2015.

1. Explain the how the court will determine the ownership of the house, farmland, and business based on New Mexico law.

2. Determine how the court would decide if the couple resided in your state instead of New Mexico.

Reference no: EM133610975

Questions Cloud

How much does quincy properly include as a capital gain : long-term loss, and one at a $10,000 short-term loss. How much does Quincy properly include as a capital gain or loss in 2022

Recognizing revenue for this type of contract : customer for a long-term service contract. As an auditor, outline the considerations and challenges in appropriately recognizing revenue for this type

What is the significance of financial statements : Will you invest or not in this company? Justify your answers with relevant examples. What is the significance of financial statements for investors

Estimate of clients total wealth : Estimate of clients total wealth. Estimate of client's expenditure (i.e. for day-to-day living, holidays etc.). Estimate of the amount the client

Which us trade laws you consider when selecting country : Which US trade laws should you consider when selecting a country? Is there any way by which you can seek a reduction on the tariff? If so, how? If not, why?

Prevent manipulation of revenue by shipping goods : What is the most effective control to prevent manipulation of revenue by shipping goods close to the end of the reporting period

What is the accounts receivable balance at the end of june : Prepare a T account. On June 1, 2024, Entity F reported a balance in accounts receivable of $3,500. During June, the company received cash payments

Where are these royalties reported on the tax return : sort of work (but who have a profit motive in mind), are reported on the Form 1099-MISC, Miscellaneous Income, box 2. Where are these royalties reported

Will probably change her mind and decide that most : Will probably change her mind and decide that most accounting majors are very interesting. will probably subtype the interesting accounting major

User Account

All Pages