Strategic NPD issues and Problems This case describes how 3M Corp. introduces and learns a new and innovative methodology titled Lead User research to understand future customer and market needs. A team from 3M's Medical-Surgical Markets Division applies the Lead User Methodology to the field of surgical infection control and discovers that there exist new product concepts together with a new business strategy. The problem here is 3M should decide whether this new strategy will be a tool for
Words: 1469 - Pages: 6
expressly provided. But one who signs in a trade or assumed name will be liable to the same extent as if he had signed in his own name." Example 8. Anotesigned "Western Novelty Co., Unincorporated" binds all who go under that trade name, assuming that the note is given under the authority of those sought to be held. Printed or lithographed signature is a legal signature,15 but not good practice except onbondcoupons, or the bonds themselves, in which case it ought to be so provided in the bond, and if used
Words: 2010 - Pages: 9
Chapter 41.2 2. Chapter 41.7 Chapter 41.2 Definition of Security Yes, I believe that the notes issued by Co-Op were “securities”. Co-op offered the promissory notes to both members and non-members on the basis that they were an “investment program,” and they were offered at an interest rate higher than that available on savings accounts at financial institutions. I believe this note falls under an “investment contract.” An investment contract is a flexible standard for defining a security
Words: 336 - Pages: 2
Distance Learning Program who have made suggestions, comments and recommendations for the material, Most importantly, to our families and spouses, for their patience in the long hours and travel that have gone into these materials. Editorial Notes Throughout these materials, we have chosen particular language, spellings, structures and grammar
Words: 11083 - Pages: 45
NOTES RECEIVABLE HANDLED BY A COMPANY Notes receivable is a bookkeeping account used to track debt and payments from borrowers. When a small business lends money, goods or merchandise to an individual, it expects repayment. For many types of loans, the business will record the transaction under accounts receivable. In specific situations, however, in which the company receives a signed promissory note guaranteeing repayment, the transaction is recorded under notes receivable. Companies that use
Words: 891 - Pages: 4
Memo To: Head Accountant of Tyler Corporation From: xxxx, Assistant Accountant of Tyler Corporation Date: January 15, 2011 Re: Classification of Note Payable on the December 31, 2010 Balance Sheet After checking the Generally Accepted Accounting Principles, I want to explain how to classify the $100,000 note payable on the December 31, 2010 balance sheet. According to Accounting Standard Codification 470-10-45-14, “A short-term obligation shall be excluded from current liabilities if
Words: 277 - Pages: 2
Mortgage backed Securities , just a general overview. In the next few weeks we will get into more details. What are Mortgage Backed Securities? MBS is very much similar to bonds, but here the securities are backed by mortgages. A bond is a promissory note where a corporation (or a Government) obliges to pay a certain sum of money every month and at the end of term repay the original sum back. In the case of MBS, the repayment is backed by mortgage payments (by the homeowner). On a broader level,
Words: 268 - Pages: 2
SECURED PROMISSORY NOTE (AMORTIZED PAYMENTS) $__________________[Amount of Note] This promissory note (the “Note”) is made and effective _____________ [Date], by and between ____________________, an [individual] [corporation] [limited liability company] [etc.] (the “Borrower”), and _______________________, an [individual] [corporation] [limited liability company] [etc.] (the “Payee”). 1. PROMISE OF PAYMENT. FOR VALUE RECEIVED, the Borrower promises to pay to the Payee, at _______________________
Words: 1143 - Pages: 5
Post it Notes – Case Study Questions Question 1 In the development of this product, how did the creative thinking process work? Describe what took place in each of the four steps. . The Post-It Notes case has clearly illustrated the 4 phases in creativity development and each step has demonstrated by the inventor of Post-It Notes as described below: * Background or knowledge accumulation This phase was demonstrated by Art Fry who is the inventor of Post-It Notes whereby he recalled about
Words: 725 - Pages: 3
ACC 205 Question 2 – Assignment a. Prepare journal entries to record the transactions. 12/1 Borrowed $20,000 from the First City Bank by signing a 3- month, 15% note payable. Interest and principal are due at maturity. Dr Cash $20,000 Cr Notes payable $20,000 12/10 Established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during the month. Past experience with similar products indicates that 2% of the units will require repair, with warranty
Words: 280 - Pages: 2
