Running head: Scenario: The Guillermo Furniture Store Scenario: The Guillermo Furniture Store The University of Phoenix Scenario: The Guillermo Furniture Store The purpose of this paper is explain how Guillermo could use budgets and performance reports in the decision making process. This paper will also cover how ethics might influence his accounting decisions. Another part of this paper will explain what accounting information is most relevant for Guillermo to consider when making decisions
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Decision-Making: Guillermo Furniture Store Scenario Decision-Making: Guillermo Furniture Store Scenario Located in Sonora, Mexico, Guillermo Furniture has been successful and reputable in the region as a provider of premium handcrafted products. Decisions must now be made by Guillermo Navallez as to whether he should adopt computer technology, transition from a manufacturer to a distributor for a Norwegian company, or change his furniture market line to include flame retardant finish.
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Guillermo Furniture Store Scenario ACC/561 Guillermo Furniture Store Scenario Guillermo Furniture Store (GFS) owned and operated by Guillermo Navallez, has created high quality furniture in Sonora, Mexico for many years. Guillermo establish the business in his home town where lumber and labor costs were readily available at a low cost. There was also limited competition for labor. Over the last several years the local economy has changed. A new business moved in increasing competition for labor
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Guillermo Furniture Store Scenario NAME HERE ACC/561 DATE Guillermo Furniture Store Scenario Guillermo Navallez is a highly successful manufacturer of furniture in Sonora, Mexico; however, he is coming to the understanding that he no longer holds a competitive economic advantage that he once enjoyed in the past. The reason behind the lack of advantage is due in part to a new international competitor entering the market and challenging the current profit structure with furniture made from
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University of Phoenix ACC 561 Accounting Guillermo Navailez had many important decisions to make and a vast amount of information to process before moving forward after the events of the 1990's. The first was to analyze the marketplace and the second was to analyze the Guillermo Furniture Company. After finding his place in the marketplace, Guillermo then needed to make decisions base on data on whether is it was wise to continue. Computing measures of profitability and a break even analysis
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Guillermo Furniture Store Scenario Bridget Burns ACC/561 Accounting Rachael Lenzmeier Jencks March 13, 2011 Guilermo Navaliez has been a furniture maker for many years. Times have changed, Guilermo needs to look at his company and make an important decision on which way to take his company. He can keep what he is doing now, invest in hi-tech, or become a broker. Guilermo should use attention directing, which means reporting and interpreting information that helps managers to focus
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