Premium Essay

New England Seafood Company

In: Business and Management

Submitted By adamsocwell
Words 2913
Pages 12
Case 16

New England Seafood Company

Prepared for:
New England Seafood Company’s Senior Management

Prepared by:
New England Seafood Company’s Senior Management


February 6, 2014

Executive Summary

New England Seafood Company executives face a potential two-stage plan to move into the freshwater catfish market because of the banned oyster harvesting along much of the Atlantic and Gulf Coasts, and increased competition from foreign producers. These factors have resulted in significantly lower yields for New England Seafood. In order to stay in business, New England Seafood Company needs to look at harvesting and processing something other than seafood. New England Seafood Company looks to potentially harvest and process catfish. They are looking to enter the catfish market in a two-stage plan. They must choose to begin a preliminary stage to test the catfish market. After testing the catfish market in the preliminary stage, New England Seafood Company can then enter into a final stage (stage-two) of development. In order for New England Seafood Company to make the best possible decision, they must address the following issues: Determine an accurate representation of the risk of the two-stage project with the appropriate cost of capital, determine New England Seafood Company’s future net cash flows, and determine the efficient utilization of land across company processing divisions. We have determined that an appropriate cost of capital is 10%. This 10% is the weighted average cost of capital for New England Seafood Company and we find it accurately represents the risk for this project. New England Seafood Company traditionally adjusts this cost of capital up or down 3% to compensate for higher or lower risk based projects. But, we feel going away from 10% to 7% cost of capital or 13% cost of capital would…...

Similar Documents

Free Essay

New England Patriots

...Assignment 2 – Final Project 1. Please explain the similarities and differences between the framework of the Leadership Challenge (A1) and How NASA Builds TEAMS (A2)? Please use as example the Case Study: New England PATRIOTS: Making the Team. Use your creativity. Model the way is the first of the five practices of exemplary leadership. In this practice, a leader needs to ensure that their audience understands and believes in something strongly. Leaders are expected to speak on and stand for matters of conscience and value to the organization. In order to do this, a leader needs to Find Their Voice. In other words, the leader needs to discover what they are passionate about. This practice is analogues to the Express Authentic Appreciation behavior in NASA’s 4-D team building methodology. In order to be able to express authentic appreciation towards their audience, a leader needs to be in tune with what drives the members of his audience. Listening to the audience, asking clarifying questions, and expressing expectations can accomplish this. The second subcomponent of model the way is Affirm Shared Values. This subcomponent is vital to the success of any team, group, or organization because as individuals, we each have different motivators, but if we share core values then building quality relationships can be accomplished. Address Shared Values is the 4-D behavior that when practiced aids in building strong and genuine relationships, which is a fundamental......

Words: 4437 - Pages: 18

Free Essay

Chesapeake and New England Colonies Comparison

...Chesapeake and New England colonies Comparison During the early 16th century and into the early 17th century, European colonies rapidly colonized the newly found Americas. England in particular sent large groups to the east coast of North America to two separate regions, which would later become known as the Chesapeake and New England areas. The Chesapeake region included Maryland, Virginia, Pennsylvania, and the New Jerseys. The New England region of the colonies included Rhode Island, Plymouth, Massachusetts Bay Colony, New Haven, and Connecticut. Eventually in the late 1700’s these two regions would come together to form one nation. Both regions were very different and did not share many common ideas. They were different in their views and beliefs on religion, economy, and motives for colonial expansion. In 1609 a group of settlers, led by Captain John Smith, founded Jamestown which became the first colony to thrive and prosper in the New World. The main goal of these Chesapeake settlers was to make money by finding gold, silver, or anything else that they could take back to England and make a profit on. Another goal of theirs was to find a northwest passage to Asia. The New Englanders were mostly puritans who first settled in Plymouth and were driven to the New World in hopes of religious freedom. New Englanders wanted to escape religious persecution rather than make money and grow a rich economy. The living situations between the two colonies were extremely......

Words: 713 - Pages: 3

Premium Essay

A New Company

...A New Company Christopher Smith ACC/220 November 30th, 2012 Simone Williams A New Company In being hired into a new company to oversee the accounting department an individual would expect to see various types of financial reports. These various reports allow the individual to identify areas in need of improvement along with many other business decisions. The primary focus will be on the preparation of reports of managers and officers in the company. This will provide tools to assist in making business decisions and evaluating the effectiveness of the decisions being made (Kimmel, Weygandt, & Kieso, 2003). Among the reports in a financial department are the income statement, balance sheet, cost-volume-profit income statement, statement of cash flows, and a retained earnings statement. These types of financial reports are among the essential tools that are necessary in managerial accounting for business decision making. The income statement can be a very useful tool to illustrate the company’s expenses such manufacturing costs. Here, three basic functions are illustrated as direct materials, direct labor, and manufacturing overhead. Beginning work in progress plus total current manufacturing costs gives the manger a distinct view of the total cost of work in progress. In addition to this, the manager can evaluate the cost of manufacturing goods by subtracting the ending work in process from the total work in progress. This and other types of financial statements......

Words: 425 - Pages: 2

Free Essay

Economies of the Colonies of New England

...landed in 1492, the English people, French, and Spaniard extended their territories and assimilated Indian by assigning missionaries and governors to develop Catholic schools in the New World. The Catholic schools in European colonies were established not only for educating European¡¦s own Catholic descents but also for making Saint Mary and Jesus Chris known by Indians. Spanish priests had accomplished better missionary tasks than the other European colonial empires like France and England. Their Catholic preaches arrived the in southern parts of the Mississippi River before 1700, and the west and south area of the Mississippi after 1700. I believe the reason why Spanish accomplished the missionary job more successfully than the others is that they paid enough reverence to Indian¡¦s tribe traditions and customs. Spanish missionaries understood that the tribe people have to retain their habits like complex cosmology worship, hunting game, and defending practice; therefore, they preserved Indian¡¦s traditional activities when converting them into Catholics. Spanish bishops transformed Indian¡¦s superstitions into Christianality step by step gently and gradually. At the same time, the Spanish missionaries traveled and fight together with tribe military soldiers from hostile attacks and introduced new industrialization technique to improve Indian¡¦s agriculture. This apparently revealed Spanish¡¦s determination to assimilate Indian and to transfer Spanish civilization to......

Words: 969 - Pages: 4

Premium Essay

Law Enforcement in New England

...Law Enforcement in New England 1600 – Present Day HIS 602 - History of New England – Spring 2013 – Manchester Law enforcement today is very different than what it was when the Puritan settlers first came here to New England. As like the name the name the settlers went with what they knew and followed in England’s footsteps when it came to law enforcement (Johnson 1981). Following in the English’s footsteps would be a president that is followed for centuries until the need for different style of policing becomes apparent due to differences in the countries culture in the 18th century. This is where we begin to see the split that we see to this day. In Saxon England prior to 1066, the absence of effective royal authority, such as a standing army it was up to local communities to keep the peace in regard of criminal behavior (Johnson 1981). In 1252 the title constable was coined, a constable was an officer of the royal court. In the next two centuries following the Norman Conquest constables morphed into elected officials of the manorial courts (Johnson 1981). In 1285 the Normans who invaded England codified The Statue of Winchester which remained in effect until 1829 when the Metropolitan Police Act was established. The Statue of Winchester reenacted “hue and cry” which called upon all residents to assist watchmen if they encountered resistance. The statue gave constables the authority to enroll male inhabitants as said watchmen (Johnson 1981). Basically the...

Words: 1878 - Pages: 8

Premium Essay

New England Colonies

...The New England Colonies Colonial America consisted of three regions: The New England colonies, which enveloped Massachusetts, Connecticut, new Hampshire, and Rhode island: the middle colonies had new york, Pennsylvania, new jersey, and Delaware; and the southern colonies which had Maryland, Virginia, north Carolina and south Carolina (“13ColoniesRegions”). The New England Colonies were the northern most colonies in America, as a result, the settlers dealt with fair weather in the summer and very cold winters. The land near the coast was relatively flat but became rocky and mountainous closer inland, making farming difficult and insufficient as a means of economic growth, making the settlers instead rely on fishing and commercial shipping (“13ColoniesRegions”). New England was founded by Puritans who fled from religious persecution in England and sought out freedom to practice their beliefs in the new world. The religion in New England was overwhelmingly Puritan, through their desire for freedom they often denied the freedom of others to worship their own religion freely. Leaders of the puritan faith had an outstanding amount of influence on the society formed in colonial New England and felt that public morality should be enforced by the government, making the separation of church and state practically non-existent (F.Aboukhadijeh). With laws that were built around Puritan scripture, it was very difficult for any political diversity among the leadership of Massachussetts...

Words: 302 - Pages: 2

Free Essay

Case Study: New England Foundry

...Analysis of New England Foundry In this analysis of New England Foundry we need to make a comparison with each of the models or layouts, the first combined counter with the new mentioned model with separated counters, for the determination of time saved with the new layout and then the amount that could be saved per hour with the same. For the layout with combined counter there is 2 servers with a single waiting line, the queuing model that is being used is the M/M/s, because of this queuing pattern consists of single phase and multiple servers. The arrival rate of 7 (4+3) per hour and service rate of 5per hour, which gives the average time in the system W=0.3922hours or 23.53minutes (refer to Excel) the time taken per trip is as follows: For maintenance people it will be 23.53+6 (walking time taken) =29.53minutes. For molding people 23.53+2= 25.53minutes. For the new layout with separate counters, Bob for the maintenance shop and Pete for pattern shop both of them follow M/M/1 model with single-server and single-waiting line. Bob providing for the maintenance people, serves 6per hour at an arrival rate of 4per hour, giving the average time in the system W=0.50hours or 30minutes(shown in A5) with the time taken for trip is 2minutes 30+2=32minutes, this is an increase of time, 2.47minutes compared with the other layout for maintenance dept. Pete serving the molding people, serves 7per hour at an arrival rate of 3per hour, giving the average......

Words: 429 - Pages: 2

Premium Essay

New England vs , Chesapeake

...New and the Chesapeake’s both had significant and similar purpose to escape from Europe and make states that can allow their own freedom. However, in time both regions began to change and in most ways different in many divisions. Many of these changes or differences such as purpose for freedom, the climate and the environment, and political and economic structures through the changes. Each of these changed the regions own perspective and back ground thus making these regions very different in was unimaginable. Both purposes for each of the colonist had one goal to gain freedom of religion from the Restrictions in Europe’s. New England of which wanted to separate from the angelican church. The angelican church in was way had a very slow reformation thus making the moderate puritans. New Connecticut or the blue state laws was actually founded again by puritans full with ambition and energy to make the state. A state threats these puritans also known to be separatist. Rhode island an exception was also founded for the religious reasons. Founded by a brave man roger wiliams having the same will for the freedom of worship. Chesapeake own purpose is of course had a whole different purpose likewise in a more economical perspective. This region by far had very greedy and shallow minded ideals in economics. Jamestown was founded was by the greed for gold itself. Many in a cruel and terrible way went through a starving time. The use of indentured servant was a ideal by...

Words: 757 - Pages: 4

Free Essay

New England vs. Chesapeake

...settled in both New England and the Chesapeake region were English, the people who settled in the South came with very different ideals and values compared to those who settled the North, which is the most evident cause for why the two areas quickly became distinctly different. There are three fundamental reasons for the variation of New England and the Chesapeake region. One of these reasons is the differing social structure by which the English immigrated to the colonies, and the way in which that structure was maintained once they settled in America. The other rationale is the development and organization of the government in New England and the Chesapeake region. These two things are both caused by the most important motivating factor for the evolution of two distinct societies in America, Religion. Religion of the settlers coming to America has caused the differences in the two societies, and is the reason why New England and the Chesapeake region developed the way that they did, in a way very different from on another. A major distinguishing factor in the difference between New England and the Chesapeake region is the presence of religion, including its role in daily life and the amount of religious diversity of an area. Because the original settlers in New England were the Pilgrims and the Puritans, religion was immediately an essential part of the lives of New Englanders, and played an important part in the development of communities within New England. Puritanism......

Words: 308 - Pages: 2

Premium Essay

A New Company

...I have been hired into a new company and my responsibilities are to oversee the accounting department. As I am getting comfortable into my new position, I want to see what the other employee’s responsibilities are. I want to research the financial reports. The reports that I expect to see would include the Income statement, the Balance sheet, the Statement of cash flow, and I would like to include the aging report. These reports would help in making good business decisions. The accounts receivables aging report will let me see the money that needs to go out, to pay the bills when they are due, and the correct amount. This report will summarize the receivables on their age, and how long they may be outstanding. The accounts payable aging report shows me how many vendors may be behind, or what is due in shortly. This will help to evaluate what is due and at what date to help manage this account. This would also be listed on the Statement of Cash Flow report. The Balance sheet will tell me where the company is right at this moment. This will allow me to see how much the company has in assets, liabilities, and equity. If a large purchase needs to be made, I would know how much is available. I will need this information to discuss with the CEO of the company. The Income statement will keep the investors in tune with what is happening to the company with investments. This will summarize the company’s revenues and expenses, and indicate how the revenue is transformed......

Words: 271 - Pages: 2

Premium Essay

New England, Chesapeake and Pennslyvania Regions

... During the seventeenth and eighteenth century many people emigrated from England settling upon the coast of the new Americas. Throughout many expeditions, colonist have then set their own rules and regulations based on significant dogmas. As people migrated from England to the New World, contrast between the Northern and Chesapeake regions became very prevalent. The founding principles which each of these colonies were founded upon influenced many of the colonies decisions, shaping colonists views by different social, political and economic events. Which led to the cultivation of the tobacco crop, the impact of Puritanism in the Colonial Americas and William Penn. Hundreds of settlers came to the Virginia colony seeking riches. Virginia colonists needed a source of revenue to help in the development of their colony. An Englishmen named John Rolfe booked a voyage to the New World. Rolfe was able to attain seeds of tobacco to bring with him to the colony at Jamestown, where he was planning to begin growing the crop in the English colony. It was with this experiment with tobacco that the first profitable export was developed. Rolfe introduced a new sweeter form of tobacco to the colonies, which is different from the Native American variety planted around Jamestown which he found to be bitter. Virginia’s success grew greatly as Rolfe began exporting more and more tobacco. Tobacco then became the New Worlds first commodity to be internationally traded on the global market. Way...

Words: 875 - Pages: 4

Free Essay

Comparison of the Chesapeake and the New England Colonies

...Although the majority of the North American East Coast was settled primarily by English during the 17th century, the way of life and development politically, economically, and socially greatly differed, depending on where one had settled. The New England and Chesapeake colonies, both primarily comprised of English settlers, contrasted in that of their motivation for settlement, as well their style of governance, allowing for the creation and development of two distinct societies. The New England colonies, mainly composed of Massachusetts, Rhode Island, New Hampshire, and Connecticut, consisted of groups that had essentially settled for religious reasons, mainly the Puritans, and Pilgrims. In the Chesapeake colonies, composed of Virginia and Maryland, reasons for settlement mainly alluded to economic advancements and prosperity. The main dividing factors that caused the difference and distinction between the two societies were not limited to the reason for settlement, but in fact were also heavily by the social makeup of the settlers, which varied based on the motivation of the settlements as well. The New England colonies settlement was fundamentally based on religion. The settlers, possessing strong ties to religion, had left England behind due to conflicting views with the Anglican Church. Puritans led their lives based on strong beliefs, such as predestination, believing God already determined belief that one being saved. As they settled, they believed that God had......

Words: 1058 - Pages: 5

Free Essay

Mars Company -New Harvest

...1.1 1. When the company ties employee compensation to the company’s financial results it helps keep their employee turnover rate low because the employees will be motivated to do their jobs better and less people will be losing their jobs. The Mars Company keeps televisions throughout their faculties to show how the company is doing to the employees, which helps keep them driven because they get a good compensation off the great jobs they do for the company. Employees also get good compensation when they are on time and work together, because of this the employees will stay with the company longer and the company will not have to hire any new people, which would cost the company twice an employee’s salary to find and train a new person for the job. With the employee compensation and the company’s financial results tied together the Mars’s work place is a happy and thriving place that keeps its employees around for many generations, which keeps the employee turnover rate at less the five percent. 2. The Mars Company cam leverage its “Best Company” award to attract new employees and customers because it shows they encourage employee advancement and that customers are high priority. Since little is known about the Mars Company the little information they do give goes along way; like the fact that their quality principle is “the consumer is our boss, quality of our work and value of money is our goal” shows a lot about the company in just that small sentence, that they......

Words: 988 - Pages: 4

Premium Essay

New England vs. Chesapeake Colonies

...Chesapeake and New England Colonies: A Comparison Beginning in the 1600s, England colonized the newly discovered Americas. numerous groups came settled in two regions, the Chesapeake and New England. From the beginning, both had very separate motivation and unique identities. These motivations affected the colonies in every way, including economically, socially, and politically. The Chesapeake and New England attracted different types of settlers and, by 1700, the populations differed enormously. Clearly the Chesapeake and the New England regions did differ in numerous ways. These differences included population, religion, and economy. But also the differences were on a wide-scale range involving almost every aspect of the society, they all sprouted from one initial difference between the two: the very reason the colonists came. Life in colonial America was difficult for all, but more so for some than others. While some colonists struggled to scrape by, some managed to live well and be happy. It is very apparent that health, family, and growth helped New England to be more prosperous and a more enjoyable place to live than in its southern neighbor, Chesapeake Bay. History has proven that these factors have a major effect on the quality of life for people, and this instance is no exception. New England New England was north of the Chesapeake, and included Massachusetts Bay Colony, Plymouth, Rhode Island, Connecticut, and New Haven. In Puritan New England, a......

Words: 2131 - Pages: 9

Premium Essay

New England Pga Overview

...I. Company Overview The Professional Golfers Association of America or most commonly known as the PGA, was founded in 1916, and provides the networking opportunity necessary to connect with the nation's 25 million amateur golfers and with the PGA's 23,000 members. The PGA of America is the largest working sports organization in the world as it currently has more than 28,000 dedicated men and women who work hard everyday to promote the game of golf to everyone, everywhere. The organization stands by its motto of being experts in the game and business of golf. The PGA is made up of 41 different sections that are identified by their geographical location in the United States.(as shown on map below) [pic] Each section organizes and conducts regional qualifying tournaments for amateur events such as the PGA Team Championship and the Junior PGA Championship, as well as sponsor junior clinics. PGA sections also organize and conduct educational programs, workshops and seminars for local PGA members and apprentices who are PGA members in the process of obtaining their PGA card. The section offices work with the PGA headquarters office in Palm Beach, FL to provide experts to participate in these programs as well as assisting PGA members in full-filling the PGA mission statement. The New England Professional Golfers' Association (New England PGA) is the section office that governs all golf and golf tournaments in most of the New England area. It is a non-profit association who...

Words: 6120 - Pages: 25