...GUIDELINES...............................................................................7 REAR YARD FENCE GUIDELINES ......................................................................................9 PLAY EQUIPMENT GUIDELINES ......................................................................................11 SATELLITE RECEIVER (DISH) GUIDELINES ..................................................................13 GENERAL IMPROVEMENTS, LANDSCAPE & MAINTENANCE GUIDELINES..........14 LIST OF RECOMMENDED PLANT SPECIES ....................................................................19 EXHIBIT A REQUEST FORM 2 CHRISTENBURY MASTER ASSOCIATION, INC. ARCHITECTURAL CONTROL COMMITTEE INTRODUCTION The Architectural Control Committee (ACC) is providing the attached Architectural Design Guidelines (“Guidelines”) in accordance with that Declaration of Covenants, Easements, Conditions and Restrictions (“Declaration”), for purposes of establishing and maintaining exterior design elements throughout Christenbury. This document should be filed with the homeowners’ copy of the Declaration received at closing. It is the responsibility of each homeowner to pass along the Declaration and Guidelines to any future buyer of their home at Christenbury. It is important to note that the Guidelines are applicable to most all future building exterior and property...
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...Jose Cando ENGL-2327 April 26, 2014 Balcones Fiction and Poetry Winners Reading Event: Natalie Diaz’s Reading of When My Brother Was an Aztec Outside the ACC Theater on April 9th, the public was greeted by tables of refreshment including fruits cheeses and crackers which was a nice surprise. Although, I had expected a packed theater, only about forty people were waiting inside. The event started at 6:30 pm when Charlotte Gullick, the chair of the creative a writing department took the stage. After promoting some of creative writing classes at ACC, she described the significance of the Balcones prizes. A teacher from the English department took the stage next to talk a little more about the Balcones prize. He pointed out that Natalie Diaz was the sixteenth winner of this prize. He described Ms. Diaz as a woman with her foot “in three different worlds.” Her childhood was spent on the Mojave reservation in the California Desert. She attended college in Virginia on a basketball scholarship, and from there she played professional basketball in Europe and Asia. After injuring her knee, she left basketball to study poetry in graduate school. Therefore, he claimed, she has a foot in the worlds of the reservation, basketball and poetry. With that, he welcomed Nathalie to the stage. Nathalie jumped into reading her poem, “When My Brother Was an Aztec.” I was shocked to hear the bitterness and resentment in her voice as she describe her brother as a nasty and careless force which...
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...26.5 Consumer Leasing In this case, Joyce Givens entered into a rental agreement (week to week or month to month) with Rent-A-Center in which she rented a bar and an entertainment center. She violated the terms of the rental agreement due to nonpayment and taking the furniture with her when she moved. Rent-A-Center filed a criminal complaint against Ms. Givens, in which Ms. Givens returned the furniture. Ms. Givens later filed a lawsuit against Rent-A-Center stating that they violated the Consumer Leasing Act. In regards to who wins the suit, Rent-A-Center would win. This is based upon the original agreement that Ms. Givens and Rent-A-Center entered into. It was a rental agreement. Rental agreements are not considered consumer leases, as a result, the case more than likely will be dismissed. 26.7 Fair Debt Collection In reviewing the facts of the case, here is what we know: Mr. Juras was a student at Montana State University. He took out student loans to help pay for his tuition from the school. At the end of his time with the school, he had an outstanding balance of over $5000. Mr. Juras would later default on these loans. The school would then sell the debt to Aman Collection Services. Aman would win judgment against Mr. Juras, which he refused to pay. Mr. Juras would later move to California. A VP from Aman, called Mr. Juras before 8 am PST twice stating that if the debt was not satisfied, he would not receive his college transcript. Mr. Juras would sue Aman stating...
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...Flexible Budgets ACC/543 November 17, 2014 Differences between Master and Flexible Budgets There are two main differences between the master and the flexible budgets. The two budgets have different uses and they treat volume changes in different manners. The master budget is the official budget that management has decided to go with. It is their planned volumes, expenses, and revenues that were determined for the upcoming year. It is used as the starting point by which benchmarks are measured. It is the best estimate that the business has decided to go with based on the current facts at the time the budget was made. The master budget does not change after it has been put into place so it does not account for changes in volume. Flexible budgets change as estimates in volume change. It takes different levels of volumes and determines what the expected costs and revenues would be based on the rates budgeted in the master budget. Variable costs would remain the same per unit cost as in the master budget. This is important as a manager might think he is coming under budget when compared to the master budget but when compared to a flexible budget based on the new volume, he might be over budget. Fixed costs would also remain the same so the per unit cost for these would change as volume changed. This allows companies to say what their budgeted costs should be based on the new volume. Using spreadsheets, the company can make changes to the flexible...
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...Capital Budget Recommendation ACC: 543 April 4, 2011 Fred Johnston Capital Budget Recommendation Capital budgeting techniques are used to determine long term goals, new investment opportunities, and estimating and forecasting future and current cash flows. With any capital budgeting technique measuring risk, uncertainty, and the cost of capital as well as anticipated project performances determines whether to accept the project or reject it. Capital budgeting allows Guillermo Furniture an opportunity to increase their offerings, decrease their cost and possibility find new funding sources to achieve its goals of the company. The payback period is the length of time that is required for Guillermo Furniture to cover the initial investment for the proposed project. The payback period determines how many periods it will take for Guillermo to return the initial investment. In using the payback period when having multiple projects to chose from the one with the shortest payback would be considered a good choice. Calculation of the payback period is summing the project's positive cash flows per period, typically annually, until the sum equals the project's initial investment (www.associatedcontent.com, 2009). The number of time periods passed before inflows are equivalent to original investment price represents the payback period (www.associatedcontent.com, 2009). Net present value method picks up where the payback period lacks because net present value provides a gauge for...
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...Guillermo Furniture Store jhkjhkjhkjhkhkhkjh ACC/543 10/14/2013 Curtis Brooks Guillermo Furniture Store Guillermo is currently an independent furniture maker, however recent advents in technology as well as market conditions in his area have hit his business where it hurts – in the bottom line of his profits. After much research, Guillermo has come up with three viable options for saving his business and his profits. The first is to increase his technology by using a hi-tech machine with a computer programed laser to cut the wood. This option would decrease the labor needed, as well as increase the ability to switch to new custom pieces easily. The downside to this option is that the implementation would be expensive. A second option would be for Guillermo to switch from being a manufacture to a distributor by joining forces with another company. He would be the representative to distribute in North America. His store would no longer manufacture but rather distribute. The third option would be for Guillermo to add/change the product which is uses to the finish of the furniture. Currently Guillermo is using a product which he created which adds a flame resistant and stain resistant coating to the finish product of the furniture. Changing this product for a comparable product which would do the same thing for a cheaper cost might help. Of these options, the recommended option for Guillermo is to go with the new hi-tech machine. While the labor dollar per hour increases...
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...Running Head: Negotiable Instruments Negotiable Instruments ACC 543 January 9, 2012 This memo attempts to analyze financial decisions problems with creating lines of credit from banks for the purpose of technological infrastructure investments. Explaining negotiable instruments will occur with recommended financing transactions. Comparing the main and secondary liabilities of the parties to the negotiable instruments and examining the parts of the secured transaction the bank recommends. This will be included in the memo. Negotiable instruments are transferable instruments used as a means of money for trading. These instruments are a promise to pay such as checks, drafts, promissory notes, and certificate of deposits. “A negotiable instrument has three principal attributes: (1) an asset or property passes from the transferor to the transferee by mere delivery or endorsement of the instrument, (2) a transferee accepting the instrument in good faith and for value obtains an indefeasible title and may sue on the instrument in his or her name, and (3) a notice of the transfer is not given to the party liable in the instrument. “ (Business Dictionary, 2012) This business wants to create a line of credit from the bank to invest money in technological infrastructure. A draft can be the negotiable instrument to use with a line of credit. Drafts contain three parties, the drawer, the drawee, and the payee. The drawer creates instructions to demand the drawee...
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...Nicolas Farrant ACC/543 Debt Financing Week 4 10/15/2012 Negotiable instruments are basically promises to pay, you are basically saying you need the funds right now and will promise to pay the money back in a determined period of time. Business and banks use this type of payment all the time because they may not have the funds on hand at the given time. This is exactly what is going on in the case of our company. We need the funds up front and will promise to pay the loan back when we have set up our other locations and have the funds to do so. The bank in which we have chosen for our line of credit have some simulations to our proposed idea, so we must break them down to understand exactly what we are getting ourselves into. In this case we will be getting a line of credit or a loan from the bank to be paid back over the course of the next few years. During which time we will be externally audited by the bank and must adhere to their policies while going through the loaning process and payback period. The company will be named as the policy holder and will be liable for the full amount loaned. The elements involved in negotiable instruments are certificates of deposits, notes, checks and drafts. The Uniform Commercial Code governors over negotiable instruments and defines who is liable, both primary and secondary. The primary holder of the loan is liable for the loan, it is...
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...Capital Recommendation Paper Alandra Shamblee ACC 543 June 13, 2011 Sean Damico Guillermo Furniture is a furniture manufacture located in Sonora, Mexico. Guillermo Furniture was thriving until the late 1990s, when the economy just took off. With new housing, competitors moved in with more technologically advanced equipment than Guillermo. Guillermo’s furniture created by hand; was one of a kind. The competitors that moved in used computer controlled laser lathe to produce exact cuts in each piece of wood. The competitors could create furniture faster and, much more cost-effective than Guillermo’s method. Guillermo is at a standstill, they need to decide which direction to take their company in. Does Guillermo continue doing business as they have been for many years or do they upgrade their system so they can compete and succeed in the current market. Guillermo has many options they need to consider before making their decision. The reason that so many customers purchased from Guillermo is that their furniture is made by hand. Guillermo needs to think about what affect automating the furniture making will have on their loyal customers who love the handmade designs. Guillermo’s Options The company is considering three different options; continue business as usual with minimal changes, invest in high-tech equipment and begin creating new...
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...Capital Budget Recommendation University of Phoenix John ACC 543 Bruce MCMenemy This paper will discuss various capital budget evaluation techniques. This paper will differentiate between these techniques to determine the best course of action for Guillermo. This paper will provide a course of action based on capital budget evaluation techniques. This paper will provide present value calculations to support the recommended course of action for Guillermo Furniture. Evaluation Techniques There are many evaluation techniques that can be utilized when evaluating capital budget opportunities. This paper will discuss the most relevant techniques to utilize at Guillermo Furniture. The techniques implemented should utilize Time Value of Money (TVM) for larger investments and for small investments one can utilize a quick method for analysis of opportunity for investment purposes. The TVM is an explanation of the current value of a future dollar. “This concept recognizes that the present value of a dollar received in the future is less than a dollar. For example, you may be willing to pay only $0.90 today for a promise to receive $1.00 one year from today”. (Edmonds, Edmonds, Olds, McNair, Tsay, Schneider, 2007) This technique analysis the amount of money received in future payments and calculates the value of that money as if it were in hand today. Payback Method The Payback method does not take TVM into consideration; however, it can be utilized to evaluate fast turnaround...
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...Guillermo Furniture Scenario ACC/543 June 4, 2012 Professor Introduction The Guillermo Furniture Store has been run by Guillermo Navallez for years. From his home town of Sonora, Mexico he has made handcrafted premium products. Recently, a dent has been put into his business. There have been new competitors to his market with high-tech approaches allowing them to price furniture at rock bottom prices. Second, with all the advances to the surrounding area and an influx of people to the area, the labor prices have jumped substantially. These changes have caused Guillermo to take a look at his business and realize that changes need to be made. He has decided to choose from 3 different options. He could shift to the high-tech solution, become a representative for another manufacturer, or continue in the market he currently is in. Over the next couple of pages I will look into the different capital budget techniques available, explain how the techniques would help, and make a recommendation on a route Guillermo Furniture should go in to continue to thrive in the ever changing surroundings. Capital Budget Techniques “Managers can choose from among numerous analytical techniques to help them make capital investment decisions. Each technique has advantages and disadvantages” (Edmonds, 2007). The three techniques that we will focus on are the payback method, net present value (NPV), and the internal rate of return (IRR). First...
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...Master and Flexible Budgets ACC/543 January 28, 2013 Thomas Benscoter MEMORANDOM Date: January 28, 2012 To. Guillermo Furniture Company From: Ashley Lee, Ebony De La Torre, Janelle Durham, Misha Cross ------------------------------------------------- Re: Master and Flexible Budgets Guillermo Furniture: Master and Flexible Budgets A master budget can be a communication tool in which the company’s employees can perceive how their hard work affects the company’s goals. The budget is an outline of a company's plans that sets detailed goals for an organization regarding sales, production, distribution, and financing. This tool can also reveal if employees are meeting their goals set forth by the company in the budget and make corrections to employees. The following memorandum on Guillermo Furniture Store includes a master budget. The explanation of the relationship between fixed and variable cost used in the budget will occur. The difference between static and flexible budgets and how a flexible budget lends itself to a cost-volume profit analysis will be discussed. Fixed and Variable Costs Fixed costs in a budget remain constant even when volumes fluctuate. Fixed costs...
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...Flexible Budgets TEAM C ACC 543 March 10, 2014 Flexible Budgets When planning for the future, a flexible budget is a forecasting tool that brings revenues, expenses, costing and production information. Flexible budgets provide the company with reliable performance evaluation to select the best direction for achieving the most profit at various sales or production levels under consideration. The information gleaned from a flexible budget expedites making choices and decisions to guide the company ventures while assisting in defining the fixed and variable costs of the overall operation. In brief, we will investigate the relationship between the flexible budget and those fixed and variable costs as well as explore the differences between static and flexible budgets. We will also investigate how they are suitable for cost-volume-profit analysis. Relationships between Fixed and Variable Costs Used in a Flexible Budget There are two main costs that need to be managed to budget which are fixed costs and variable cost. No matter how much merchandise is sold or how many services are offered fixed costs do not change. These costs are things such as rent, insurance and salaries. Regardless if the business is not making enough profit these costs have to be paid. Variable cost can change according to how many products are made. Variable costs change according to output. Fixed costs behave much differently than variable costs. Remember that a relevant range of activity...
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...Guillermo Furniture Capital Budget Recommendation Kendall Nicholson University of Phoenix Managerial Accounting and Legal Aspects of Business ACC/543 Curtis Brooks April 23, 2012 Guillermo Furniture Capital Budget Recommendation Guillermo Furniture is on the verge of making an important business decision. Increased competition and rising costs have shrunk its profits considerably. Although many of its smaller competitors are merging with larger corporation, Guillermo does not consider this a viable option. Guillermo Furniture must choose between upgrading to a high-tech computer controlled laser lathe that reduces labor costs dramatically and using its distribution channels to help a competitor to market its products. This option would result in Guillermo becoming more of a distribution network than a manufacturing company. Guillermo also has a patented process for coating its furniture. The flame retardant portion of this process is potentially profitable, but the finished coating is not as desired. Capital Budget Evaluation Techniques Several techniques are available to Guillermo to use for making a decision on which course of action is best. One technique is the net present value (NPV) technique. This technique compares the present values of future cash inflows against the initial cost and cash outflows of a capital investment. In this case, the future inflows of cash must be compared with the interest rate that Guillermo could receive on the investment...
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...Learning Team A Capital Budget Recommendation Gerald Shaw, Kenneth Barre, Rosa Daws ACC/543 Linda Miller February 23, 2015 Learning Team Weekly Reflection Week 2 For this week’s assignment Learning Team A will be providing insight on the three capital budgeting techniques in relation to the Guillermo Furniture Scenario. Learning Team A after careful evaluation of the data sheets provided for Guillermo Furniture will identify the best uses for the three techniques and lastly provide a capital budget recommendation that best suites Guillermo Furniture. Three Capital Budget Evaluation Techniques-Gerald For Guillermo Furniture, Learning Team A will advise on three different capital budget techniques available to aid in the decision-making process. Those three methods are NPV (Net Present Value), IRR (Internal Rate of Return), and Payback method. NPV (Net Present Value) NPV or net present value helps an organization figure out whether it’s better to invest in a project based on the net amount of discounted cash flows for the project (Eldenburg, PhD & Wolcott PhD, CPA, CMA, 2011). NPV is best served positive which will indicate that the project will be a benefit by increasing the value of the organization. NPV is calculated through expected cash flows that include an initial investment, incremental operating cash flows, and terminal cash flows (Eldenburg, PhD & Wolcott PhD, CPA, CMA, 2011). That...
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