Aqua Fish Canada Inc.

BackgrounderThe background teaching relating to the causa tryout (Backgrounder) is provided to candidates in advance of the examination date. The Backgrounder contains education about both the social club and the assiduity involved in the display case. Candidates ar expected to familiarize themselves with this information in preparation for the analysis that volition be required during the Case Examination.Candidates should note that they will not be allowed to bring any create verbally material, including the advance copy of this Backgrounder, into the examination centre. A new copy of this Backgrounder, in concert with additional information about the company and a supplement of formulae and tables, will be provided at the writing centre for the Case Examination. Only the following(a) models of calculators are authorized for use during the Case Examination1. Texas Instruments TI BA II Plus (including the professional model) 2. Hewlett Packard HP 10bII (or HP 10Bii) 3. Sh arp EL-738C (or EL-738)Candidates are reminded that no outside research on the constancy related to this case is required. Examination responses will be evaluated on the basis of the industry information provided in the Backgrounder and the question paper (Additional Information).Overview Aqua Fish Canada Inc. (AFC) is a in camera owned, Canadian company involvedin aquaculture in the oceanics. Aquaculture is the cultivation and harvest of fish in a natural or manufactured environment. federally incorporated on May 1, 2002, AFC has complete a reputation for delivering a quality product Atlantic salmon on a seasonable basis from its profitable fish originates and is a growing, commercial operation. AFC builds and maintains fish farm facilities hatches, feeds, grows, and harvests Atlantic salmon and distributes the unprocessed fresh fish mainly to customers in Canada and the northeastern U.S. Company HistoryIn early 2002, triad Maritimers with backgrounds in the fishing industr y (Joel Palango, Wendy Starky, and Jeanne Poirier) decided to search for potential embellishment opportunities that would help the local Maritime economy. They observed that, with access to plentiful water and site resources, a abundant workforce with a background in fishing, and governments eager to create employment, the aquaculture industry was growing along the eastern coast of Canada. Although they knew that there would be no revenue until the archetypical fish grew large enough to sell, they were prepared to wait several years to realize a return and they decided to invest in an aquaculture business. Aqua Fish Canada Inc. was incorporated and the first decision make by the three shareholders was to establish an Atlantic salmon aquaculture farm.Guy Mills, an experienced aquaculture executive, was engage to build the business from the ground up. The first farm site was established within six months and operations began in November 2002 with the first spawning of fish. By Oc tober 2004, a sufficient number of farmed fish had reached a marketable weight and AFC harvested its first batch of salmon. Over the next five years, the company established three more salmon farm sites in three provinces as shown in Table 1 below.