...Background Hearts ‘R Us (Hearts) is a private early-stage R&D company in the final trial of a medical device that will revolutionize the way heart valve defects are repaired – the Heart Valve System (HVS). Hearts has secured financing by issuing $3.5 million of Series A preferred shares ($1 par value) to Bionic Body (Bionic), an SEC registered company that produces medical devices, one of which could be used as supplement to the HVS. For its considerations, Bionic received a seat on Hearts’ Board of Directors, protective rights for its investment percentage (can limit future equity/debt issuances), and both the right of first refusal to purchase and co-sale on sale of shares by key share-holders. Bionic’s shares will be converted to common stock upon execution of an IPO that generates a minimum of $50 million in proceeds. If Heart has not secured FDA approval for the HVS by the 5th anniversary of the date of purchase of the stock, it will redeem the shares at par value. Issues 1) Does the host contract contain an embedded derivative that must be accounted for separately, and how does this affect the classification of the contract as a liability or equity? 2) Are accounting changes necessary due to the failure of Hearts to acquire FDA approval of its product? 3) How would the accounting guidelines change, if at all, if Hearts were an SEC registrant? Analysis ASC 815 and ASC 480 contain a myriad of rules that could apply to a hybrid instrument...
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...MEMO To: Borg Re: Preferred stock classification Facts Borg (the Company) is an early-stage research and development medical device company. Borg has no current products in the marketplace but is in the final stages of going to market with the Heart Valve System. All preliminary trials have been approved by the FDA, and the Company is in the final trial; once the final trial is complete, the Company will present the product to the FDA for final approval. If approved by the FDA, the Heart Valve System will revolutionize the way medical professionals repair heart valve defects. Bionic Body (“Bionic”), a SEC registrant, is a biological medical device company that focuses on the development of implantable biological devices, surgical adhesives, and biomaterials. Bionic could benefit from the approval of the Heart Valve System since it has a supplementary device that could be used in tandem with the Heart Valve System. As part of a financing strategy to support its operations, Borg sold Bionic $3.5 million of Series A Preferred Shares (the “Shares”) of the Company with a par value of $1 per Share. The transaction was completed on November 30, 2011. As part of the Series A Preferred Stock purchase agreement, Bionic has the following rights: * Board Rights — as the holder of the preferred stock, Bionic is entitled to appoint one member to the Company’s board of directors (the “Board”). In addition, Bionic has the right to appoint an observer to receive all information provided...
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...Many of us have shopped at Toys “R” Us whether we were just kids looking for toys or adults shopping for gifts. Toys “R” Us Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Toys "R" Us has in excess of 1500 superstores in the United States and Worldwide. It also owns the baby brand, Babies R Us that adds another 200 or more stores. Toys “R” Us is actually the second largest retailer in the United States making them a high revenue company touching approximately $13.646 billion dollars. They also help improve the world’s economy by employing 70,000 people across the globe. Toys “R” Us may have many strengths but every company has a few weaknesses so that they can improve and become better. These days, Toys “R” Us has no single and sustainable competitive advantage, other than brand. In the US, its traditional stronghold, the company has lost its number one position, as toy retailer to Wal-Mart. Being large may not be enough for them, when customers can just go to another large retailer and buy the same or similar items, for a better deal. Also with Toys “R” Us, sales depend upon the season and the product range is not that much attractive for the seasons other than Christmas. There are opportunities for joint ventures and strategic alliances. Toys "R" Us works closely with Amazon.com and its baby products category. This not only plays to the strengths of both companies, but also provides...
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...Case study Toys “R” Us JAPAN Case study Toys “R” Us JAPAN TABLE OF CONTENTS Introduction 3. Japan Background and facts: 4. Background: 4 Facts: 5 Toys “R” Us Background 7. The Beginning: 7 Market Expansion 8 More ways to shop Toys “R” Us 8 Evolving business 9 Toys “R” Us in Japan 9 Case analysis: 10 Attractive factors of Japan toy market: 10 Barriers to Entry: 10 Success Factors for Toy's "R" Us-Japan 11 TRU Strategy 13 Our opinion: 14 Recommendations: 15 Conclusion: 16 References:: 16 Introduction: Toys R Us is the large distributor in the US and it is one of the more successful foreign retailers in Japan after overcome hard barriers. This successful is a result of right decision-making and strategy in overseas expansion by global retailer’s and gradual changes after entry into foreign markets. Also the strategy in respect of standardization adaption before and after entry has great effect in this successful. Coming lines, shows some factors that attract TRU to join venture in Japan. Then, we will discuss group of barriers that TRU had overcome, and how it’s overcome these barriers. In the end, we will evaluate Toys “R” Us in Japan market. Japan Background and facts: Background: Government: Parliamentary with constitutional monarchy Prime Minister: Shinzō Abe (elected Dec 2012) Capital: Tokyo Population: 127,368,088 Population Growth Rate: -0.077% (2012 est.), World Rank: 198th Birth Rate: 8.39 births/1,000 population...
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...Water Sports company, I read with interest your posting for a receptionist in the water sports company. I believe I possess the necessary skills and experience you are seeking and would make a valuable addition to your company. In today's economy, there's no time to waste on workers who lack the necessary skills and motivation. I've got what you need. The attached resume details my extensive experience and training. If you choose to interview and hire me, you will not be disappointed. As my resume indicates, I possess more than 2 years of progressive experience in the customer service field. My professional history includes positions such as guest services/cashier at Babies R Us as well as a sales associate at macys. Most recently, my responsibilities as a guest service cashier at babies R us match some of the qualifications you are seeking. As the guest service cashier, my responsibilities included answering phone calls;assisting guest with different concerns and working with computers. I assisted in the successful completion of assisting guest accurately. My supervisor also relied on my ability to maintain front end guest services all by myself. I have attached my resume for your review and I look forward to speaking with you further regarding your available position. I'd be happy to provide greater detail about my skills and experience during an interview. Please call me at your earliest convenience. I am very interested in meeting to review your needs and possible ...
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...Background Hearts ‘R Us (“Hearts”), a young private research and development medical device company, sold $3.5 million of its Series A Preferred Shares on November 30, 2011 to Bionic Body (“Bionic”). This transaction gave the company enough financing for their heart valve system which they hope will revolutionize the way heart valve defects are repaired. In order to make this product available for sale they need a final approval by the FDA. The shares sold to Bionic have a par value of $1 per share and the purchase has given Bionic the following five rights: Board rights Mandatory Conversion Right Contingent Redemption Right Additional Protective Rights Right of First Refusal and Co-Sale Rights After Year 4, Hearts is still in the process of filing for FDA approval. The clinical testing and administrative process for filing for the FDA approval have taken much longer than initially anticipated. In addition, the trial results have been worrisome because of certain post-surgery issues that have been experienced by patients who received the Heart Valve System. It is certain the product will not receive FDA approval by end of Year 5. Hearts had planned to have an initial public offering (IPO) in the future. --- Whether the preferred stocks should be classified (treated) as a (debt/equity) is an accounting issue because of the guidance of the ASC Codification 815-15-25 (Derivatives and Hedging, Embedded Derivatives, Recognition) paragraph 17 shown below; 25-17 ...
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...Father, my protector and my guide in the way of salvation. Obtain for me a great purity of heart and a fervent love of the interior life. After your example may I undertake all my action for the greater glory of God, in union with the Divine Heart of Jesus and Immaculate Heart of Mary. And do you, O Blessed Saint Joseph, pray for me, that I may share in the peace and joy of your holy death and assist me to help build a Community where love and peace abide with Mary and through Jesus our Lord. Amen. CREDO: (Said) General Intercession A DMONITION: Priest: Let us ask God to increase our faith as we present our needs. Response: d: d: r: m: d:- l: d: t: l s:- d: d: r: m: d:- s: s: f: m: r:- s: s: f: m: d: r: d: t: d:- Ọghẹnẹ r’Ọsẹ ny’or ẹ h r’avware, Ọghẹnẹ r’Ọmọ ny’or ẹ h r’avware, Erhi Ọfuafo ny’or ẹ h r’avware, Wo j’ or ẹ h r’avware b ẹwẹẹ Reader 1: That all, who believe in Jesus, will know the Lord’s everlasting love in unity and peace, let us pray to the Lord: Reader 2: That the human family will know the Lord’s everlasting love in deliverance from war, famine, and disease, let us pray to the Lord: Reader 3: That fathers and mothers will know the Lord’s everlasting love in caring for one another and their children; let us pray to the Lord: Reader 4: That the ill and infirm, especially members of our families and the Nigerian Catholic...
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...the blood vessels, the heart, or both. The cardiovascular system, also called the circulatory system, moves blood throughout the human body. It is composed of the heart, arteries, veins, and capillaries. It is the most leading cause of death in women regardless of race or ethnicity at an alarming rate of 455,000 deaths in the United States (Bonow p. 1757. 2012). Our Lord Jesus has designed us after his own heart, not only in the human flesh, but also mind, and spirit, our heart is where the Holy spirit lives, the book of Psalms tells us, “Teach me your way, O Lord, and I will walk in your truth; give me an undivided heart” (Psalm 86:11 NIV). Coronary Heart Disease in Women - Symptoms Symptoms of Coronary heart disease are, chest pain, pressure, or squeezing; and pain radiating to the neck. Also shoulder pain, back, arms or jaw pain. Heart burn,...
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...process. One believes that we are born with certain behaviours and the other believes that they are developed by our social influences. Sigmund Freud Sigmund Freud started his career as a doctor treating neurotic patients with hypnosis and became famous for founding a new system of psychology called psychoanalysis, Snowden, R (2010). Freud believes that our behaviour is stemmed from our unconscious mind and that our forbidden behaviours only express how we feel such as the dreams we have and the slips of speech the Freudian slip. Sigmund Freud states that we are driven by the same basic instincts as animals such as primarily, sex and aggression and has many theories of human behaviour, from the psychosexual stages of development; Freud believes that this develops our personality and sexuality and is evident from birth and stops in our adolescents. With this stage our personality development depends on our childhood progression and the different source of sexual pleasure we encounter is split in to several definite stages, the oral, anal, phallic and the latency stage which progresses from one stage to the next in a biologically determined manner, Snowden, R (2010). Freud believes that people can get stuck...
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...University of South Carolina in April 1981' as a contribution to a symposium on "Soul and Mind in Ancient Philosophy," organized by Professor Rosamond Kent Sprague. 248 Illinois Classical Studies, XI corporeal; yet it is also clear that soul is present in a particular bodily part, and this one of the parts having control over the rest":' dfiXou 6ri ovx oihv r' tivai adua rffv ovtriau ocvrfiq, aW 5fi(t)c, Sri 7' iv tlvl tov (TUifiaToq inrapxii^ nopiw (t>avtpbv, kcu iv tovtw tivi twv ixovruiv bvvafiiv eV roJq nopioic,. {Parva Naturalia 467b 13- 16) For Aristotle, as we know, that particular controlling organ is the heart. In his treatise On Memory, for example, Aristotle declares that in animals, including man, "the source and control center {otpxvY of both the sensitive and nutritive soul must be in the heart": apayKT) Koi rrfc, ataQr]TiKr\c, kou rriq dpeirTLKfic, ^vxri<i ^v ry Kapb'ux rffv otpxw etW. {PN 469a5-7) Again, in the De Partibus Animalium, the heart is designated as the control center of sense perception and emotional response: "For it is in the front and center of the body that the heart is situated, in which we say is the source and control center of life and of all motion and sensation": f; p.lv yap Kapbia iv roiq tp.irpoaQev koll ev neaui Ketrm, iv y Trjv apxw <t>citi^v T^q ^(iirfc, Kot iraar^q...
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...Requiring Newborn Screening of Critical Congenital Heart Disease Date With the numerous technological advances that have occurred in today’s health care system, one would think newborn screening would be required in Maryland for the most common birth defect in the United States, critical congenital heart disease (CCHD), but only just this year has the state considered the requirement (Department of Legislative Services, Office of Information Systems [DLSOIS], 2011). Critical congenital heart disease, a disorder in which an infant’s heart or blood vessels near the heart develop abnormally before birth, affects approximately 8 out of every 1,000 infants each year in the US, amounting to around 36,000 infants (DLSOIS, 2011). CCHD is the leading cause of death among infants within the first year of life, amounting to nearly 40% of deaths, often due to the fact that a large number of infants with this disease go undetected (Martin, Bradshaw, & Wright, n.d.). Although some babies are diagnosed with congenital heart disease shortly before or after birth, many diagnoses are not made until days, weeks, or months later; sometimes not at all. Many benefits are associated with implementing CCHD screening, many treatment options are available for those diagnosed with CCHD, and a bill is being proposed to the State of Maryland’s General Assembly about including this screening in the Department of Health and Mental Hygiene’s Newborn Screening Program (DLSOIS, 2011). The benefits...
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...Whitney Steele Case 13-03 Hearts ‘R Us Preferred Stock Classification 2/16/2015 To: Hearts ‘R Us From: 5110 Whitney Steele Re: Preferred Stock Classification Date: February 16, 2015 Background Hearts ‘R Us (the Company) is an early stage, non-public research and development medical device company. They are in the final stages of going to market with the Heart Valve System. Bionic Body (Bionic), a SEC registrant, could benefit from the approval of the Hear Valve System and will help finance. Hearts sold Bionic $3.5 million of Series A Preferred Shares (Shares) of the Company with a par value of $1 per Share. The transaction was completed on November 30, 2011. As part of the stock purchase agreement, Bionic has the following rights: * Board Rights – Bionic is entitled to appoint one member. * Mandatory Conversion Right – The Shares will be converted to the Company’s common stock upon execution of an intial public offering. * Contingent Redemption Right – The Shares will be redeemed for par value on the fifth anniversary of the date of purchase conditioned upon the even that Hearts has not obtained FDA approval for the Heart Valve System. * Additional Protective Rights – Bionic has the right to limit future equity and debt issuances as well as the right to participate in future funding rounds. * Right of First Refusal and Co-Sale Rights The Company is a calendar year-end company that is not required to be filed with the SEC. They also plan to go through an IPO...
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...through the class trying to find a comfortable place to sit. In my mind, I said “This must be Global”. Just then I made eye contact with him. He was unfamiliar, I knew a couple of people throughout the class. But he was different. I kept staring at him, looking up and down. He was tall, slim, dorky looking with long blond hair. I decided to sit in front of him, I thought to myself best decision I made. Teacher called us name by name, ready to assign us seats to sit in order. As soon I was called, he behind me was called. His name was R. I smiled to myself but thoughts of “what an unusual name. It’s cute.” I suddenly caught myself smiling and blushing. Why was I blushing over someone I don’t know? Suddenly we’re assigned to work with a partner. I looked around and there was no one I wanted to work with it. I feel someone’s finger lay upon my shoulder. I turn around and there goes R asking me to work with him. We introduce ourselves to each other. As I’m answering to the questions of the assignment, I wonder what type of person he is. Teacher decided to call R to answer a question. He manages to get it wrong, I giggle to myself and whisper “What a dumb ass”. Bell rings, and I start packing to head off to another class, I looked behind me only to see him gone. While in another class, I see him pass by. Suddenly I ask the teacher to let me...
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...DISEASE Name: Institution: Chronic diseases all around the world have been causing lots deaths and having devastating effects on families (CDC, 2011). In this essay, I will discuss coronary heart disease symptoms, detection, prevention, causal mechanisms, treatment, and effects. I will also analyze its global variations and recommend how public health officers can be able to promote prevention and treatment measures. Coronary heart disease is a disease that develops over a long time. This disease involves accumulation or deposition of plaque in the coronary arteries that supply the heart muscles with oxygen and nourishments. The plaque hardens with time and it can burst at time and formation of a clot can occur in the artery causing more narrowing or blockage. In the long run, the accumulation leads to a decrease of the coronary artery diameter. This causes limitation of the oxygen and other nourishments supplied to the heart muscles. This weakens the heart muscles hence impairing the function of the heart resulting to angina, myocardial infarction, heart attack/heart failure and finally death (Krasner & Riegelman, 2013). A coronary heart disease has several causes or factors that are affiliated to it. These factors are classified into modifiable and non-modifiable depending on whether they can be prevented or not. Some of the modifiable factors are: smoking, high and chronic alcohol use, high...
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...i n t e r n a t i o n a l j o u r n a l o f m e d i c a l i n f o r m a t i c s x x x ( 2 0 1 1 ) xxx–xxx journal homepage: www.intl.elsevierhealth.com/journals/ijmi Older adults: Are they ready to adopt health-related ICT? Tsipi Heart ∗ , Efrat Kalderon Department of Industrial Engineering & Management, Ben-Gurion University of the Negev, Israel a r t i c l e Article history: i n f o a b s t r a c t Background: : The proportion of older adults in the population is steadily increasing, causing healthcare costs to rise dramatically. This situation calls for the implementation of healthrelated information and communication technologies (ICT) to assist in providing more costeffective healthcare to the elderly. In order for such a measure to succeed, older adults must be prepared to adopt these technologies. Prior research shows, however, that this population lags behind in ICT adoption, although some believe that this is a temporary phenomenon that will soon change. Objectives: : To assess use by older adults of technology in general and ICT in particular, in order to evaluate their readiness to adopt health-related ICT. Method: : We employed the questionnaire used by Selwyn et al. in 2000 in the UK, as well as a survey instrument used by Morris and Venkatesh, to examine the validity of the theory of planned behavior (TPB) in the context of computer use by older employees. 123 respondents answered the questions via face-to-face interviews, 63 from the US and 60...
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