Case Study: Evaluating The Viability Of A Geode Retailing Business

Case Study: Evaluating The Viability Of A Geode Retailing Business

Question

Background Information

1. Complete the assessments described below and by the end of Unit 6 he is required to submit complete completion paperwork through the RKC Online Campus. Your grade will be based on this final document and you will also receive written feedback.

2.In addition, by the end of Unit 3, you will need to upload a partial draft of the above document (see Intermediate Tasks at the end of this document for details). please give me). This draft is not graded, but is an important way to monitor progress and provide feedback on sub-assignment topics.

  1. Ask questions about midterms and final grades on the forum.
  2. Please note that this is a hypothetical case designed to assess your understanding of management accounting. We are not expected to comment in any way on market feasibility, actual UK tax rates, etc. Final Evaluation You have been asked by 1-year-old Aunt Hattie to help evaluate a new project. It’s Friday night now and she needs to get her work done by Sunday in preparation for an early Monday morning meeting. So I know she can’t give you more information than she already knows (and you won’t be able to contact her). Hattie lives near Manchester, England, and she recently retired early (from the university she attended). She subscribed a few years ago) in one lump sum (after tax). To her surprise, she isn’t depressed by her newfound independence, but is fed up with her bureaucratic life and has become a retailer of Geodes 1 and other decorative stones. I am excited about her new career. She is confident that she can set up a business to import geodes from Uruguay and sell them in Europe. Her husband, who she met in the USA at business school, is pleased with her passion for this possible new venture, but concerned that it might turn into a financial disaster. He has suggested that she develop a financial plan to evaluate the venture and its viability.

A geode is a spherical rock with a hollow cavity lined with crystals After a couple of hours with Hattie you have assembled the following information from her: – Colada Geodes, an established supplier of geodes and similar stones based in Artigas (and owned by one of Hattie’s university colleagues), is prepared to give her exclusive rights to sell their products in the UK for a six year period in exchange for an upfront payment for those rights.

The geodes sell in Uruguay for an average of Uruguayan pesos (or, for short, pesos) per kg, and Colada Geodes is prepared to sell them to Hattie at a discount to this price. Colada Geodes would ship to Hattie on receipt of payment for each order; Hattie has found out that freight from Artigas to Manchester, via Montevideo by truck and air freight, would cost on average per kg and that the time from her placing an order to receiving the goods in Manchester would be four weeks (including the preparation and packing time in Uruguay); Hattie plans to order from Colada Geodes monthly and intends to maintain a minimum stock of one month’s worth of sales to ensure that she will be able to supply a suitable range of products to customers; She will buy a special jig and tools at a cost of to break open and polish the geodes, and she has found a small industrial room she can rent nearby at a cost of per month (payable monthly in advance, plus an initial security deposit of three months rent, refundable at the end of her tenancy if there is no damage).

Hattie will sell the geodes throughout the UK by internet only and is planning to spend time with a website designer to develop the site. She has already spent money on a market study that told her that once established, demand would be about kg a month, although in the first year sales would start at only kg in the first month before building up slowly to the full level at the end of the first year.

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