Conch Republic Electronics, Part 1

Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other household appliances. Over the years, the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company’s finance department.

One of the major revenue-producing items manufactured by Conch Republic is a smartphone. Conch Republic currently has one smartphone model on the market, and sales have been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smartphone that has all the features of the existing smartphone but adds new features such as WiFi tethering. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smartphone.

Conch Republic can manufacture the new smartphones for $220 each in variable costs. Fixed costs for the operation are estimated to run $6.4 million per year. The estimated sales volume is 155,000, 165,000, 125,000, 95,000, and 75,000 per year for the next five years, respectively. The unit price of the new smartphone will be $535. The necessary equipment can be purchased for $43.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $6.5 million.

As previously stated, Conch Republic currently manufactures a smartphone. Production of the existing model is expected to be terminated in two years. If Conch Republic does not introduce the new smartphone, sales will be 95,000 units and 65,000 units for the next two years, respectively. The price of the existing smartphone is $385 per unit, with variable costs of $145 each and fixed costs of $4.3 million per year. If Conch Republic does introduce the new smartphone, sales of the existing smartphone will fall by 30,000 units per year, and the price of the existing units will have to be lowered to $215 each. Net working capital for the smartphones will be 20 percent of sales and will occur with the timing of the cash flows for the year; for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year’s sales. Conch Republic has a 21 percent corporate tax rate and a required return of 12 percent.

Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other households appliances. Over the years, the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company's finance department. One of the Major revenue-producing items manufactured by Conch Republic is a smartphone. Conch Republic currently has one smartphone model on the market, and sakes have been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. however, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smartphone that has all features of the existing smartphone but adds new features such as WiFi tethering. the company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smartphone.

Conch Republic can manufacture the new smartphone for $220 each in variable costs. Fixed costs for the operation are estimated to run $6.4 million per year. The estimated sales Volume is 155,000, 165,000, 125,000, 95,000, and 75,000 per year for the next five years, respectively. The unit price of the new smartphone will be $535. The necessary equipment can be purchased fro $43.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $6.5 million.

As previously stated, Conch Republic currently manufactures a smartphone. Production of the existing model is expected to be terminated in two years. If Conch Republic does not introduce the new smartphone, sales will be 95,000 units and 65,000 units for the next two years, respectively. The price of existing smartphone is $385 per unit, with variable costs of $145 each and fixed costs of $4.3 million per year. If Conch Republic does introduce the new smartphone, sales of the existing smartphone will be 20 percent of sales and will occur with the timing of the cash flows for the year; for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year's sales. Conch Republic has 21 percent corporate tax rate and a required return of 12 percent.

Shelley has asked Jay to prepare a report that answers the following questions.

Questions:

1. What is the payback period of the project?

2. What is the profitability index of the project?

3. What is the IRR of the Project?

4. What is the NPV of the project?

Target Corporation is the second-largest discount store retailer in the United States, behind Walmart, and a component of the S&P 500 Index. Founded by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Good fellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. Target established itself as the highest-earning division of the Dayton-Hudson Corporation in the 1970s; it began expanding the store nationwide in the 1980s and introduced new store formats under the Target brand in the 1990s. The company has found success as a cheap-chic player in the industry. The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004. It suffered from a massive and highly publicized security breach of customer credit card data and the failure of its short-lived Canadian subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets within the United States. As of 2017, Target operates 1,834 stores throughout the United States. Their retail formats include the discount store Target, the hypermarket Super Target, and "flexible format" stores previously named City Target and Target Express before being consolidated under the Target branding. Target is often recognized for its emphasis on "the needs of its younger, image-conscious shoppers," whereas its rival Walmart more heavily relies on its strategy of "always low prices. Target Corporation decide to start its discount store in Saudi Arabia. The Target management hired you as Marketing Manager for its Saudi Arabia operation. You have to establish marketing department starting from the Analysis of market, formulate overall marketing goals, objectives, strategies and tactics within the context of an organization's business, mission, and goals designing and planning the entire function.

1. To establish the marketing function of Target Corporation, Saudi Arabia, you have to formulate the followings:

a. Vision b. Mission

c. Business objective.

d. Product and type of services.

2. Develop a marketing Plan for Target Corporation, Saudi Arabia. Define the SWOT analysis for Target Corporation, Saudi Arabia.

3. Analyze the Micro and Macro environment of the Target Corporation, Saudi Arabia.

4. How Target Corporation, Saudi Arabia will establish, develop, and enhance mutually beneficial relationships with customers? Discuss all the activities to establish, develop, and maintain customer sales? 5. Identify the various consumer decision processes for the Target Corporation customer?

6. How will you establish the market research for making better decision to establish and enhance the marketing?

7. How Target Corporation, KSA will evaluate market segments and choose the best ones to serve? How it will create value propositions to meet the requirements of target customers? 8. How Target Corporation, KSA will manage all of their products and services?

• The word count for this assignment must be between 2500 to 3000 words.

What is the opinion or perspective on this idea of assessing risk in the internal control process? (See paragraph below to get an idea or answer the question.) Please raise thoughtful questions, analyze relevant issues, build on ideas, synthesize across readings and discussions, expanding the perspective, and appropriately challenging assumptions and perspectives.

Significance of assessing risk in the internal control process: In chapter 3, we learned that the purpose of the internal control process is “to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting and compliance.” (Page 38, paragraph 3). One component of the internal control process is “Assessing Risk,” which requires an organization to determine, analyze and mitigate the risks inherent in achieving its goals and objectives. Without identifying, understanding and alleviating the risks involved in accomplishing it mission, an organization will both miss opportunities to improve operations and hinder its ability to achieve its goals and objectives.

According to our text on page 62, paragraph 3, “governments exist to protect the health, safety and welfare of its citizens;” to this definition, I would add the point that governments must also be as accountable and transparent as possible. For a government, therefore, assessing risks involves looking at the operations which allow the government to achieve this mission and assessing the risks inherent in these operations. Once the risks are identified, it is helpful for the government to prioritize resources so that the most significant risks are addressed first.

I work in the finance department of a Town, and the director of Finance is continually looking for risks in our business processes. If any red flags are raised, she will work quickly to adjust business processes to mitigate these risks. For example, we are currently working to reallocate or return a large portion of developer fees that were collected in the early 2000s. These fees are collected from developers to pay for the potential off-site improvements – such as road widening, or traffic lights – needed due to the impact of the new development. By law, these off-site exactions are to be returned to the payer if they are not used for the intended purpose within 6 years. Through lack of internal control –especially the component of assessing risk – the Town ended up holding onto many of these fees passed the 6 year deadline. Recently, with staff turnover, the issue of the developer fees came up and the risk of holding onto these fees any longer – namely litigation, other legal troubles, and bad press – was addressed. We are now in the process of returning the developer fees that should have already been returned. Moreover, new processes were put in place to prevent this from ever happening again, including monthly reporting and better record keeping.

Question 11 pts

Which of the following demonstrates correctly structured (parallelism)?

Group of answer choices

Mother was busy gathering the laundry, dusting the furniture, and washing the dishes.

Mother was busy gathering the laundry, dusting, and dishes.

Mother was busy with laundry, dusting the furniture, and washing the dishes.

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Question 21 pts

Is the following sentence correctly structured (parallelism):

We are giving away our furniture, selling our house, and moving to Spain.

Group of answer choices

True

False

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Question 31 pts

Which of the following sentences are correctly structured (parallelism)?

Group of answer choices

My favorite foods are eating pizza, chocolate, steak and donuts.

My favorite foods are pizza, chocolate, steak, and donuts.

My favorite foods are pizza, chocolate, steak, and eating donuts.

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Question 42.5 pts

Which of the following statements are true? Click all that apply.

Group of answer choices

The most two most common dashes are the em dash and the en dash.

A dash is used to separate groups of words, not parts of words.

A dash is used to to join two or more words to indicate they have a combined meaning:

A dash is a horizontal line "–" that floats in the middle of a line of text

A dash is used to indicate a range or a pause.

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Question 52.5 pts

Which of the following sentences correctly uses "e.g." or "i.e."? Click all that apply.

Group of answer choices

I like all fruits (i.e., I eat pretty much anything)

Bridget and Raul enjoy playing board games (i.e., Monopoly, Scrabble and Trivial Pursuit).

The jacket is made of synthetic material, e.g. not leather.

Raymond loves listening to all types of music on the radio, e.g., classical, country western and reggae.

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Question 61 pts

"e.g." originates from Latin: exempli gratia, meaning ‘for example’.

Group of answer choices

True

False

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Question 71 pts

"i.e." originates from Latin: id est, meaning ‘for example’.

Group of answer choices

True

False

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