Shark tank review Essay Example | Topics and Well Written Essays - 750 words

Shark tank review - Essay Example The second entrepreneur is Dave Greco who was asking for 90,000 for a 40% stake in his company. He claims he is a successful sales man and he claims he has a solution for companies through boosting their sales through packaging the sales strategies in a mobile application. The sharks quit on the deal after finding his pitch to have many inconsistent. Mark was the only shark that had made an offer but later withdrew his offer therefore Dave was not successful. The third entrepreneur in this episode was rick smith who was offering his Vegas magic show to the sharks at 1.5m for a 20% of the company. Rick was offering a family friendly magic field show in Las Vegas. The sharks did not get convinced as they claimed his business was not unique and its market is very competitive. Based on the reasons all the sharks quit on the deal and rick walks away without a deal. The final entrepreneur is Donny McCall whose business, known as invest a rack, involved the transformation of a pickup truck in about 30 minutes to a larger cargo carrying vehicle. He was asking for $100,000 for a 10% stake in his company. Sharks claim that he should get into distribution and go oversees to cut cost therefore all sharks quit on the deal. On season 3 episode 3 the first entrepreneur is Travis Perry business was a two month program that allowed people to learn how to play the guitar through the a chord cuddy. The sharks are very impressed with idea. Travis asking price was 10% stake for a $125k in the company.

The Debate Concerning Stem Cell Research :: stem cell argumentative persuasive argument

"Stem cell research is the key to developing cures for degenerative conditions like Parkinson's and motor neuron disease from which I and many others suffer." -- Stephen Hawking As college students, it is important that we know and care about the issue of stem cell research. Stem cell research is currently legal in most countries. The United States, normally a leader in new frontiers, is one of the last to explore this territory. As it is slowly being pushed forward, we are going to have to know about it. If it keeps progressing, we as citizens will have to vote on it. It affects most of our lives in a personal way. Most of you know at least one person with diabetes, Alzheimer’s, or Parkinson’s. Perhaps even you will face one of these illnesses at some point in your life. It is important to know about issues like stem cell research, which can help many people in our society. Stem cell research is becoming an issue that is one of the most profound of our time. The issue of research involving stem cells derived from human embryos is increasingly the subject of dinner table discussions and a national debate. The issue is confronted every day in laboratories as scientists ponder the ethical consequences of their work. It is agonized over by parents and many couples as they try to have children, or save children already born. The issue is debated within the church, with people of different faiths, even many of the same faith coming to different conclusions. Many people are finding that the more they know about stem cell research, the less certain they are about the right ethical and moral conclusions. What is stem cell research? It starts with an embryo. An embryo is created when a male sperm and a female egg are joined. A large number of embryos already exist outside the natural environment. They are the product of a process called in vitro fertilization, which helps many couples conceive children. When doctors match sperm and egg to create life outside the womb, they usually produce more embryos than are planted in the mother. Once a couple successfully has children, or if they are unsuccessful, the additional embryos remain frozen in laboratories. Some will not survive during long storage; others are destroyed. A number have been donated to science and used to create privately funded stem cell lines.

Accounting for Business Combination and Ethics Assessment Essay

Early 2011, Yung Limited acquired 75% interest in Chum Limited. This is the first time of Yung Limited preparing the consolidated statement. A few issues regarding to the first consolidated financial statement have been raised up. This report is used to solve the raised issues and explain general principle of consolidation accounting. Before the acquisition, Yung and Chum was a competitor to each other. Their financial statement only reflects their own financial position. Thus, the balance and transaction would state in the financial statement. The reason is that they are viewed as two entities from different aspect. However, after the acquisition, Yung and Chum became a single combined entity as Yung held 75% interest in Chum. It means Yung can direct business decision of Chum according to its preference. This view would be reflected in the consolidated financial statements. Since the consolidated financial statements view Yung and Chum as a single combined entity, the balance due to each other would be eliminated as a result. As Yung and Chum are the single entity, the amount due to Yung is set off by the amount due from Chum. One entity cannot lead money to itself in order to create a liability or asset. See more:Â  Capital budgeting essay As Yung and Chum are a single entity, transactions with each other are just a transfer of assets or liabilities, or a relocation of assets, this would not recognise as a transaction in the consolidated financial statements. Generally, profit margin is added to those transactions. These profit margins would raise book value of assets in the transactions. The common example is inventory and non-current assets. Those profit margins can only be realised in the sales or disposal to external parties. Thus, the consolidated financial statements would eliminate those unrealised profit also. According to the above statement, Yung gets the power of control in the Chum. It means every transaction can be related to Yung and its decision. The relationship between Yung and Chum would be a parent-subsidiary, and not just similar to other associate as investor-investee. Therefore, it is required to show consolidated financial statement of Yung and Chum. The distinction between consolidation and equity basis of accounting is power of control. Generally, if an entity holds more than 50% interest of another entity, the entity is required to consolidate the controlled entity. However, if an entity holds about 20% to 50% interest of another entity, the entity is required to practising the equity basis of accounting. Comparing with the two methods, consolidation basis of accounting would reflect a smaller net income if there are a large amount of inter-company transactions. Equity basis of accounting only show the share of profit in associate as an extra item in the income statement of investor (parent in consolidation). Thus, it would be a greater net income unless there is a net loss in the associate. In conclusion, different methods change the net income. The financial statements for equity basis of accounting are only included the investment in associates as non-current assets, and recorded as cost plus fair value adjustments in the net shares of equity. The consolidated financial statements are the combination of the parent and subsidiaries, and goodwill, excluding inter-company balance and cost of control. Thus, Yung’s financial statements would be greater value in statement of financial position if all investments were consolidated, but smaller value in income statement as there are large amount inter-company transactions between Yung and Chum. Equity basis of accounting could provide a greater asset value to Yung, but a smaller net income to Yung also. Dear Mr. Li, Memo regarding the revenue cut-off problem of Yung Limited According to the recent conference with John Au, President of Yung Limited, he reported that the sales of Yung Limited in 2010 incorrectly included sales in 2011. However, we did not discover this material error by our audit work. This material error overstated the profit of Yung in 2010 by 10%, but understated the profit of Yung in 2011 by the same rate. John Au also mentioned that he prefers to ignore this error because he can get benefit from this error as the understated profit. Ignoring revenue cut-off problem leads to conflicts in ethical and professional. This conflicts with fundamental ethical principles, such as integrity, objectivity and professional behavior. In the integrity aspect, we should not disclose any untrue financial statements. In the objectivity aspect, our professional judgments should not be influenced by reputation of our audit firm and any potential legal sue. In the professional behavior, we should comply with relevant laws and regulations relating to this revenue cut-off problem. The following are some of my recommendation on this revenue cut-off problem. The first recommendation would be reporting to the board of directors directly. This material error should be report the board of directors of Yung Limited. This report could give directors’ chance to decide the treatment of this material error. They could estimate effect of this material error. The second recommendation would be following John Au’s suggestion, ignoring this material error. This could be a way to accommodate our client. The third recommendation would be requiring John Au to correct this material error. This could reflect the true financial position of Yung Limited. The fourth recommendation would be convening an extra-ordinary general meeting with all shareholders of Yung Limited. This EGM could give shareholders opportunity to aware this material error, and understand the potential. Finally, I would recommend asking John Au to correct this material error. Although this correction would make him loss of a bonus, this is a fair treatment to all stakeholders at all. Also, this solution could reflect the professional position of our company.

Stress And Its Effect On Our Lives - 1494 Words

Sinister Stress Everyone has stress, but not everyone realizes the impact it has on their lives. Most people don’t realize or understand the amount of stress they are under. What used to be considered extreme levels of stress has become normal in today’s society. Most people, adults especially, don’t realize that teens largely experience these high levels of stress. Before talking about the stress that teens experience, though, it is best to understand what stress is and why one has it. Stress is a natural response and reaction the body experiences to things that occur in life, both to and around a person. Humans have had stress since their first creation. It is a survival instinct, enabling our flight or fight mode, only nowadays it has†¦show more content†¦It is a constant pressure that sits on a teen’s shoulders. Adults are constantly pushing students to work harder, get better grades, get to class on time, and have all their work finished and done correctly ( Gregson par. 3). What’s so hard about that? one might think. Well, what most people don’t realize it that it is harder than it sounds. Many teens are involved in extracurricular activities, like clubs, sports, and jobs as well. There is only so much in a day and so many things that they have to do within that limited amount of time. Teens are at school most of the day, then many of them either have to go to some sort of practice, meeting, job, or do chores at home. Usually by the time they are free to do their homework it is late. Not to mention the sizable amounts of homework that is dolled out to them. Sometimes they are given large amounts of work in just one class, along with the work they may receive in the many other classes they are enrolled in. Fear is also another stressor teens experience much of. Teens have the constant fear of not being enough, not doing enough, and most of all failure in life (Lee 4-5). Fear somewhat relates to the stress teens experience because of school- fear of a bad grade, fear of not getting their homework done on time, fear of being late to class, or even fear of not being able to understand what is being taught. While school and fear are obvious sources of stress