1. On the basis of financial considerations alone, should Jones introduce TS - 12 on July 1, 2020, or wait until October 1, 2020? Show your calculations, clearly identifying relevant and irrelevant revenues and costs. 2. What other factors might Steve Jones consider in making a decision? The major problem is that Clock It has overstocked the previous version of its fitness watch, TS-11. Jones knows that once TS-12 is introduced, Clock It will not be able to sell any more units of TS - 11. Rather than just throwing away the inventory of TS-11, Jones is wondering if it might be better to continue to sell TS - 11 for the next 3 months and introduce TS-12 on October 1, 2020, when the inventory of TS-11 will be sold out. Steve Jones, the general manager of Clock It, must decide when to release the new version of Clock It's fitness watch, TS - 12. Development of TS - 12 is complete but the product has not yet been produced. The product can be shipped starting July 1,2020. (Click the icon to view the relevant costs information.) The following information is available: (Click to view the information.) Read the requirements. Requirement 1. On the basis of financial considerations alone, should Jones introduce TS - 12 on July 1,2020 , or wait until October 1,2020 ? Show your calculations, clearly identifying relevant and irrelevant revenues and costs. Begin by determining whether each item is relevant or irrelevant for this decision. (Make a selection for each item.)