OverviewIn the land of free trade, the public does not view all industries as equal. Do you believe that is ethical? Do you believe that some industries are unfairly targeted? Should it be consumers’ choice to partake in products that are not healthy for them, or do those companies have an ethical obligation to protect people?InstructionsDownload the Week 6 Assignment Template [DOCX], which will help you with your assignment.Choose one of the following industries to frame your paper:The pharmaceutical industry.The payday loan industry.Cloning for medical purposes.Write a paper in which you:Become an advocate for either the consumer or the industry.Prepare an argument explaining the major reasons why you support either the consumer or the industry.Discuss whether you believe it is possible for a company to cater to both its best interest and that of the consumer simultaneously or if one always has to prevail. Justify your response.Use at least two quality references. Note: Wikipedia and similar Websites do not qualify as academic resources.RequirementsYou will graded according to the following criteria:Provide evidence for your support of the consumer or industry.Justify your position regarding whether it is possible for a company to simultaneously cater to both its best interest and that of the consumer, or if only one can prevail.Follow Strayer Writing Standards (SWS) requirements for format, in-text citation of quotes and paraphrases, and references page.Follow guidelines for clear and organized writing: include an introductory and concluding paragraph; address main ideas in body paragraphs with a topic sentence and supporting sentences.Adhere to standard rules of English grammar, punctuation, mechanics, and spelling.This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.The specific course learning outcome associated with this assignment is:Determine the ethical considerations for balancing corporate and social responsibilities.

Mark wants to transfer some of the income from his investment portfolio to his daughter Cary, age 12. Mark wants the trust to be able to accumulate income on Cary's behalf and to meet any excessive expenses associated with her chronic medical conditions. Furthermore, Mark wants the trust to protect Cary against his premature death without increasing his Federal gross estate. Thus, Mark provides the trustee with the powers to purchase insurance on his life and to meet any medical expenses that Cary incurs.The trust is created in 2015. A whole life insurance policy with five annual premium payments is purchased during that year. The trustee spends $30,000 for Cary's medical expenses in 2020 (but in no other year). Mark dies in 2021.Has the trust been tax-effective? Address each goal Mark had for the trust and whether the goal was accomplished. Explain your conclusions, and support with references from the text, and/or other related tax code, regulations, etc.Do the discussion first and response each posted down below.Posted 1Hi, everyone,Mark's decision to create trust according to her daughter’s physical situation is a thoughtful and tax-effective way in this case. By transferring some of his investments into the trust, he reduced his federal gross estate. If he invested the fund in tax-exempt security which will decrease tax as well and grow tax-free. If the interest received from the stock investments through the trust are paid directly to medical expenses and will be tax-free. The life insurance policy that was purchased with the trust but Cary as the beneficiary is a good strategy for tax saving purposes. Cary could get the life insurance payment upon the death of Mark without paying taxes. The proceeds of the life insurance deposited into the trust will be excluded from Mark's gross estate (Raabe et al., 2021). Any money withdrawn from the trust and paid directly for medical expenses can also be excluded from being included in any gift tax. All the money Mark put into the trust will be excluded from Mark's federal gross estate and with the money, it can still provide Cary with the care she needs for her illness and living expenses. Overall, I think that creating the trust was tax-effective.Raabe, W.A., Young J.C., Nellen, A., Hoffman Jr., W.J. (2022). Taxation of estates and trusts.Posted 2 Mark's decisions that he made for the trust were tax-effective in his case. By transferring some of his investments into the trust he reduced his federal gross estate. The life insurance policy that was purchased with the trust as the beneficiary benefited Cary as well. Cary being the beneficiary of the trust allows her the benefits of the life insurance policy upon the death of Mark. The proceeds of the life insurance policy are deposited into the trust that is set up as Cary as the beneficiary. These amounts would also be excluded from Mark's gross estate (Raabe et al., 2021). Any money withdrawn from the trust and paid directly for medical expenses are excluded from being included in any gift tax. If the interest received from the stock investments through the trust are paid directly to medical expenses and will be tax free. All the money that was moved to the trust will be excluded from Mark's federal gross estate and will still provide Cary with the care she needs for her illness and living expenses. Posted 3 The scenario reads that Mark’s daughter Cary is 12 years old in 2015 when the trust is created. Mark wants to transfer some of the income from his investment portfolio to Cary through the trust. This trust will be used to cover any medical expenses incurred due to Cary’s chronic illness and the trust also has the right to purchase life insurance on Mark to ensure that Cary is cared for after his death. Overall, I think that creating the trust was tax-effective. First, transferring investments into the trust (most likely stocks), will reduce Mark’s federal gross estate. Next, the life insurance policy purchased by the trust, according to Raabe et al., names the trust as the owner of the policy. Therefore, when Mark dies, the proceeds of the policy will go to the beneficiary, which is the trust. However, the settlor would have already named Cary as the beneficiary of the trust so, the life insurance proceeds will ultimately pass to Cary while remaining excluded from Mark’s gross estate for estate tax purposes. Finally, according to 26 CFR § 25.2503-6, because the $30,000 was used to pay for medical expenses, it is excluded from gift taxes.

Review the www.recalls.gov site. 1. Identify one food or beverage product that has been recalled this year and how the process was provided to the public? 2. What are the significant problems and issues with recalling food and beverage product? Note: If you have trouble reading any of the words, you can press Ctrl and the plus sign (Ctrl +) to zoom your screen and Ctrl and the minus sign (Ctrl -) to un-zoom your screen. There is so much to discuss from the US to the UK food supply chains, to the food consumer, the procurement of food and beverages, and even some events at the RLA in F&B to discuss with you - maybe part of your career plans. This discussion helps us better understand the following learning objective: LO-1 Identify the concepts and procedures needed for a food and beverage product recall from a manufacturer and from a retail store. LO-2 Identify the concepts, procedures and issues to manage food and beverage waste and recycling operations. LO-3 Describe the ethical behavior requirements and issues in handling food and beverage products returned to a manufacturing company and a retail store. LO-6 Identify emerging trends of problems and potential solutions for reverse logistics management operations within the food and beverage industry. Instructions: Your initial post should be at least 250 words.