Case 13 Hearts

After having a very successful performance and getting second place on the first Littlefield simulation game we knew what we needed to do to win the second simulation game. We were very eager to outperform our competition and we almost did so, but ended up in second place again with a cash balance of $2,660,393.

In “Tell-Tale Heart” written by Edgar Allan Poe, the narrator was driven by an “evil eye” to undertake a murderous and dreadful exploit. In the 1800s, when it supposedly took place, people believed the superstition upon “evil eyes” about how they had a painful curse. The narrator had been vexed constantly by a vulture-like eye that belonged to an old man who he especially loved. He was particular and conscientious towards the entire slaughter. This could immediately conclude that the murderer was insane since he took the extent to assassinate someone over an eye. However, the narrator possibly could have been sane and just extremely anxious, therefore guilty, despite how hysterical he may have acted.

This memo is intend to present appropriate treatment of the ARO estimation problem experienced by the Lack of Information (LOI) based on the findings from interviews with all 50 of the warehouse managers and on-site visits at each of the 50 locations of its warehouses countrywide. The onsite observations search for any evidence of damages in both the on-site property like the roof, walls, floors and general conditions. The interview with the managers obtains information about the characteristics of the warehouses that are not readily observable. The information obtained is very important in the preparation of the fiscal

Second, the manufacturing order costs for non-stocked items was calculated by dividing total manufacturing order costs for non-stocked items by the number of orders for non-stocked products. Non-stocked products have additional costs associated with processing orders that went above and beyond the costs associated with a stocked product. The third step involved determining what the S"A allocation factor would be for calculating the S"A volume related costs. This allocation factor would then be applied to manufacturing COGS. The fourth and final step involved the calculation of the operating profit based on backing out volume related costs from sales revenues followed by deducting S"A and manufacturing order costs from the resulting gross margin to arrive at a operating profit.

1. In your own words, can you describe the Wise concept of “public service culture”? What does the author mean by that term? What assumptions about human nature does her motivational concept rest on? Do you believe these are valid assumptions?

ASC 480-10-25-4 specifies that, “a mandatorily redeemable financial instrument shall be classified as a liability…” The Shares in this case possess a contingent redemption right wherein the Shares will be redeemed on the fifth anniversary of the date of purchase if the Heart Valve System that Borg

The FASB Codification provides guidance on how developing animals and animals available and held for sale are to be valued. Section 905-330-35-2 states that developing animals are to be valued at the lower of cost or market. Section 05-330-32-3 states that animals available and held for sale are to be valued:

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.

2. What would have been Martin’s return for years 2000, 2001, and 2002 if his portfolio had remained with its initial holdings?

In the story Tell-Tale Heart, the narrator is telling how he killed an old man with what is described as a “vulture eye”. He stalks the old man for multiple nights. One knight he eventually kills the man by suffocation and hides the body. When the cops come he gives them a fake story but eventually surrenders and tells the cops he committed the murder. Many people argue that he it was a premeditated murder and he murdered the old man with full control but, based on the evidence given in the story, about the narrator, it is clear he is criminally insane and should not be guilty of the murder.

What do stories revolve around? Stories revolve around the conflict of writing. What is conflict? Conflict is the opposition of forces, the hero fighting the villain, the protagonist against the antagonist. There are two different styles of conflict, internal and external conflict. External conflict is a struggle with an outside force and it can be broken down into 3 types; man versus man, man versus nature, and man versus supernatural. Internal conflict is just the opposite because it is a struggle with a force within a character. Conflict is an essential part of every story because without it there would be nothing for the characters to build and develop around. There would be no character arks to make the story interesting. Conflict is evident

Nearly There designs, develops, manufactures and sells various navigation products and services. They are a public company registered with the SEC and their common stock trades on the stock exchange. The Company is well capitalized with a $100 million market capitalization for its common stock. Due to R&D expenses and slumping sales, Nearly There is in the need of additional capital. The Company's solution was to issue 5 million shares of Series B preferred stock at $1.20 per share. The proceeds received by the company totaled $5.9 million. The important terms of the Series B preferred stock included dividends, voting rights, conversion options, conversion price adjustment,

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:

Rittenburg, Larry. Johnstone, Karla. Gramling, Audrey. (2012) Auditing: A Business Risk Approach 8e. Mason: South-Western, Cengage Learning.

* Cadbury Schweppes bought the U.S.-based Adams chewing gum and mint business from Pfizer, Inc., for $4.2 billion in December 2002. The Adams brands include Dentyne, Bubbaloo, and Halls throat lozenges. Wrigley had also been a bidder in this deal.