Premium Essay

Week 6 Learning Team B: Guillermo Furnature Store Paper

In: Business and Management

Submitted By nymyth
Words 1597
Pages 7
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 will determine weather or not this will be a feasible option. If the determination is to continuing operating, the control system will allow Guillermo Furniture to stay on track.

Influence of Cost Relationships and Behaviors on Decision Making Prerogatives

Properly controlling costs is one of most important activities a company performs. A company has more control of costs then it does of revenues. Many companies have felt the devastating effects of making poor financial decisions regarding costs. Guillermo furniture has watched labor costs rise in recent years because of an influx of people and jobs. A new competitor has emerged competing with a high quality low price product causing profit margins to shrink. These events have made it very important for Guillermo to make decisions regarding costs very carefully. Understanding cost relationships and behaviors has become important as ever to Guillermo’s long term survival.

It is necessary for Guillermo to determine relevant cost drivers so costs can be measured. The cause and effect relationship (that is, the cost driver causes the resource cost) that an accurate cost driver provides is extremely useful (Horngren, Sundem, & Stratton, 2008). This will allow a relevant range to be developed and any excessive variances can be addressed. Determining proper cost drivers will be somewhat dependent on the strategy…...

Similar Documents

Premium Essay

Guillermo Furniture Store Concepts Paper

...Guillermo Furniture Store Concepts Elloise Johnson University of Phoenix FIN 571 Charles Marchand December 17, 2012 Guillermo Furniture Store Concepts Sonora is a location chosen by Guillermo furniture because of its low-priced labor and the excellent supply of timber used to produce the different chairs and tables for the company. Even though the company had a competitive advantage for quality products and low pricing over other furniture companies, currently Guillermo furniture is not experiencing the success once experienced. According to Bryant (2012), the use of technology by business can increase productivity while lowering cost in some areas, and make improvements in how the company presents its overall image. A new overseas company has a competitive advantage over Guillermo Furniture store because of its high-tech use; as a result, they are offering consumers better pricing on the same furniture’s Guillermo offered. Sonora started to develop because of the increase in technology that led to the expansion of the largest retail in the nation’s headquarters. With the new structure and technological developments, resulted in an influx of people that increase cost and labor; as a result, Guillermo had a setback (University of Phoenix, 2012). Merger and acquisition is an excellent way for companies to maintain its competitive advantage by reducing cost on capital, generating tax gain while increasing its revenue. In addition, companies can......

Words: 566 - Pages: 3

Premium Essay

Learning Team B Week 3 Assignment

...Learning Team B - Week 3 Assignment Learning Team B - Week 3 Assignment Kudler’s Fine Foods – Current Website Taking in consideration the basic concept of the current Kudler’s Fine Foods web site design, it is recommended the implementation of an e-commerce module or platform without having to drastically change the content of the current design. E-commerce is not being used by Kudler yet, even though there is great opportunity to include an interface that can potentially help upsell the current inventory of goods not only to the local area but also to the rest of the United States. The current site is designed using ASP, which is an older version of the ASP.NET language developed by Microsoft. While the site uses ASP, it does not serve any type of dynamic content, web application or web service, which can easily help start the migration of the current content to HTML5, along with a small implementation of animation if requested. Proposed Prototype for Kudler’s Web Site Based on the above recommendations, the prototype of the Kudler’s web site e-commerce will have a front-end developed using HTML and CSS for structure consistency. The basic theme of the site, including colors and fonts will be maintained in order to provide users with a newer, yet familiar interface. No external plug-ins will be used to run animations if the requirements need it. No Java, Adobe Flash or ActiveX will be used in the elaboration of the site in order to avoid proprietary......

Words: 362 - Pages: 2

Free Essay

Research Paper for Team B

...[pic] Team B Logo RESEARCH PAPER FOR TEAM B COLLABORATION IN THE WORKPLACE: ADVANTAGES AND DISADVANTAGES UNIVERSITY OF PHOENIX COM/526, SPRING 2010 DR. LA TRIC CAMPFIELD, FACILITATOR ABSTRACT The term collaboration and its concept has become a keyword in the infrastructure of corporate businesses, small businesses, higher education, and workplaces. "In today's process-driven workplace", as authored by Evan Rosen (2008), "collaboration is king". As the remnants of the in-the-box and old-school traditions are becoming more and more obselete, the out-of-the-box culture of collaboration is being born across the globe. Introduction and History of Collaboration in the Workplace An Overall View The term collaboration and its concept has become a keyword in the infrastructure of corporate businesses, small businesses, higher education, and workplaces. "In today's process-driven workplace", as authored by Evan Rosen (2008), "collaboration is king". While remaining in-the-box and old-school traditions are becoming more and more obselete, the out-of-the-box culture of collaboration is being born across the globe. According to Webster’s New Dictionary (2001), the definition of collaboration is the gathering of resources, data, and information, especially in literature. This combined collection of information and workplace activity constructs a general, specific plan or purpose which is to be executed or produced within the workplace while......

Words: 2199 - Pages: 9

Premium Essay

Learning Team B Leadership Analysis

...Learning Team B Leadership Analysis To become a leader in the 21st century requires the tenacity to embrace change. For example, how information is transmitted, and how resources are allocated requires visionary leaders who are equipped with a broad range of talents and temperaments. According to Clawson (2006), "the more organizations are built around teams; the more old measures of performance become outdated" (p. 241). Leadership in the 21st century requires the tenacity to embrace change, and have a broad range of talents and temperaments. According to Wren (1995), “the only thing of real importance that leaders do is to create and manage culture, and the unique talents of leaders is their ability to understand and work with culture” (p. 273). In the past 100 years, researchers have studied the means, methods, and models of building and leading teams. The research on leadership models and behaviors emerged through the modernization of manufacturing and production of goods and services. Studies included the study of biographical characteristics of members, such as sex, age, education, marital status, race, religious affiliation, geographic region of birth, weight, and height are some of the data collected (Bass, 2010, p. 7). Moreover, the purpose of this essay is to give an overview of the team’s online assessment scores and how each team member’s leadership style translates into specific leadership behaviors and practices. In addition to the......

Words: 3419 - Pages: 14

Free Essay

Learning Team Paper

...Learning team paper PSY/300 1) what are the teams ground rules and guidelines: my expectation for the team members is to first respect, each other we are adults, and be kind to one another nobody knows what the other person is going through, is that having a rough week or if they have a special child, try to communicate as soon as you get text from any of the team members, is by communication that you can show that you are here pulling your weight and nobody has to worry about doing anybody else’s work. 2) Expectation for time management and involvement: I would think that it will go without saying that each and every person, on our team contributes they share of the work that’s is to be done, and for it to be on time so at least one person can review it, edit it, and then produce the final copy, and I would also think that if we ever need to have face-to-face everybody in the team will be available at the same time or would try make an effort at least. 3) Ensuring fair and even contribution and collaboration what strategy will you use to ensure that all team members are contributing and collaborating promptly? I really don’t think that we have to use any strategy everybody on the team as an adult, not a child so I would think they did not have to make a plan strategize, so that team member can contribute and corroborate with the other the team members I...

Words: 399 - Pages: 2

Premium Essay

Week 6 Learning Team Assignment

...Week Six Learning Team Paper FIN/571 Foundations of Corporate Finance August 4, 2014 Week Six Learning Team Paper Peggy Parks worked as a building code auditor, saving money into her 401 (k) for retirement. But like every American citizen, her 401 (k) suffered a drastic reduction due to the economic downturn in 2007. Worried about her retirement, Peggy decided to invest in an alpaca business, due to a high return rate, rather than depend only on the financial market. She felt she had more control with a tangible asset, such as alpacas. Alpacas are well loved and can be kept as a pet or for breeding. They have the look of a llama because of their fleece. Many people use the fleece for clothing, such as sweaters and ponchos. It is light in weight, but warm. Alpacas have a demand all over the world, tax savings for those breeding, a deferral on capital gains until the alpaca is sold, tax write off for maintenance and feeding, and they are insurable. According to the video, her investment decision was based on research that proved to be profitable. She obtained a return of $15,000 in the first year for her initial $56,000 investment. Although Peggy had a return of 27% on her initial investment on the alpaca ranch, she could take advantage of capital strategies to maximize earnings. At first, Peggy could invest part if not all, of her remaining 401(k) balance on the ranch, which could be used to buy more alpacas and breed them. It is more advantage to her to invest on a......

Words: 641 - Pages: 3

Premium Essay

Eco 561 Week 6 Learning Team Reflect

...Learning Team Reflection – Week 6 ECO 561 Names Date Instructor Learning Team Weekly Reflection The objective set forth in week six was to apply economic concepts in making business decisions. Each team member felt comfortable and also struggled with different topics in regard to the objective. Each member has various experiences in different industries, which enables the team members to apply the aforementioned objective in multiple ways. With the many theories and perspectives, the team’s experiences with the material provided different outlooks to consider when referencing economics. The following is a compilation of the team’s opinions of the objective. Topics team members felt comfortable with During week six, each team member felt comfortable with applying the economic concepts learned throughout the course to making business decisions. This course has emphasized that managers and business owners have several aspects to consider as they try to make appropriate business decisions. They need to think of the stage in the economic business cycle and how their company will be affected by their decisions in times of economic recessions and expansion. They need to consider the credit markets, and whether or not they are making good borrowing decisions. They need to look to the international community, and see if they may expand their market and resources as well as produce their products efficiently at the best price. Managers and business owners need......

Words: 855 - Pages: 4

Premium Essay

Week 6 Learning Team

...Business Research Project Part 5 Learning Team QNT 561 September 08, 2014 Business Statistical Analysis Scenario A GMC manager recently noticed that there is a production difference between the early shift and the late shift. The manager would like to determine why there is a difference in production between the shifts and asked for research on the issue. The research team came up with the following research question: Is there a reason for the different production levels between the day and evening shifts. Our team has come up with the following two null hypotheses: H0 - There is a significant difference in employee productivity between shifts due to worker age. Ha - There is no significant difference in employee productivity between shifts due to worker age. In order to accomplish this, we need to find the average number of errors along with the standard deviation. By doing so, we can set up a confidence interval to see if the late shift is truly doing better when it comes to quality. If they are, we can make the nomination that the manager has the late shift supervisors provide guidance to the early shift supervisors. There are various statistical reports that outsource the relationship between the independent variable(s) and the dependent variable. Here we will realize how GMC will translate the organization problem into a statistical problem, provide a solution to the problem statistically, and then translate the statistical solution...

Words: 3231 - Pages: 13

Premium Essay

Week 6 Team Paper

...the rate at which these cars travel mph to meet its competitor’s specification of electric cars by 2015. Customer Safety Survey 1. What is your age? a. 16-21 b. 22-30 c. 31-45 d. 46-60 e. 61+ 2. How many miles do you drive a day? a. Less than 5 b. 5-10 c. 10-20 d. More than 20 3. Do you Own or lease your car a. Own b. Lease c. Neither 4. Do you carpool? a. Yes b. No 5. Have you ever considered purchasing an energy efficient vehicle? a. Yes b. No c. NA 6. How important is safety to you in a vehicle? a. Very important b. Somewhat Important c. somewhat not important d. Not important 7. How much money would you spend on an electric and energy efficient vehicle? a. Less than a $20,000 b. Less than $30,000 c. Less than $40,000 d. No limit 8. What do you look for in a vehicle? a. MPG (Miles per Gallon) b. Electronics (cameras, GPS, etc) c. crash ratings d. Other _______________ 9. When did you purchase your last car? a. Less than a year b. Over 3 years ago c. Over 7 years ago d. Over 10 years ago 10. What type of vehicle was it? a. SUV b. Truck c. Car d. Hybrid car References Electric cars: The wheel deal?. (2009). Retrieved from http://www.zenncars.com/news/CanadianBusiness.pdf  U.S. Department of......

Words: 1121 - Pages: 5

Premium Essay

Team Discussion Paper Week 6

...Our team discussed on the topic of principles and strategies that apply to our business and those that can apply to each member’s business. Specifically, we discussed about organizational goals and its importance with a management team, demographics, organizational branding, and the Employment-Recruitment-Selection Process (ERSP). Each team member gave insightful thoughts and arguments that further broadened the key lessons outlined in the textbook. Below are each team member’s submissions and participation on the previously mentioned topics. Organizational Goals Organizational goals are the objectives, mission, and vision established by the management team and communicated to the employees. The management team must understand the organization goals to get the employees on board. A company with clear organizational goals can drive the efforts of employees. If the goals are not understood by all involved, an organization may lose the ability to achieve the organizational goals. Communication is a key factor for any business to achieve their goal. Forecasted Demographical Changes Demographical forecasting allows an organization to consider available information related to the current market. It introduces new tools that can improve greatly the forecasting of the demographical population. Any organization must be aware of the population and the demand in a particular region, before establishing a business. An analysis of projected workforce needs - for the next 5 years......

Words: 1033 - Pages: 5

Premium Essay

Str 581 Week 6 Learning Team Project Selection - New

...STR 581 WEEK 6 LEARNING TEAM PROJECT SELECTION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Learning-Team-Project-Selection-NEW-5609666666.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resources: Strategic Plan and Presentation assignment from each team member Review all team members' Week 6 assignments. Discuss each project's strengths and weaknesses. Write an analysis of at least 750 words including the following: • Comparative analysis of the top 2 strategic plans • Selection of one of the strategic plans • Justification for the team's selection Click the Assignment Files tab to submit your assignment. ***************************************************************** STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Individual-Strategic-Plan-and-Presentation-NEW-6565095.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback Complete a strategic plan for your organization of no more than 3,500 words. Update your plan to incorporate facilitator feedback from the drafts you submitted in previous weeks. Include the following: • Table of contents • ......

Words: 9181 - Pages: 37

Premium Essay

Learning Team B

...Management improvement proposal Learning Team B Res/351 University of Phoenix 8/24/15 Introduction Management improvement can be done in various ways, but it comes down to how to approach the issue regarding management improvement. Does the management of the company have a certain structure or is it ran by own person, so on and so forth. These are the questions that needed to be asked in regards to the issue, why the management needs to be improved. What is the underlying problem, is there someone embezzling money from the company or causing other issues. What is the sole reason that requires the management to be redone? After answer these questions moving farther into the subject of the improvement of the way a company is managed the research into the various ways should be done. If it is structured, how would you improve the structure of the company management to make it more cost effective and giving better results in efficiency? Describe the selected issue, opportunity, or problem facing the organization Knowledge management is somewhat new to business although the government has been using it for years with the classification of information. In Business knowledge management has many definitions but it is usually defined from two main perspectives; process perspective and outcome perspective. A process perspective definition considers knowledge management as the process of controlling the creation, dissemination, and utilization of knowledge much......

Words: 526 - Pages: 3

Free Essay

Learning Team Reflection Week 6 Mgt/521

... Learning Team Reflection MGT/521 September 14, 2015 Sandra Griffin Learning Team Reflection Stephanie Ledford - Introduction Henry Lehman, a German immigrant, founded a small grocery store in Montgomery, Alabama in 1844. Then in 1850 along with his two brothers they founded Lehman Brothers. Lehman Brothers started as a general merchandising business and evolved into a commodities broker (Investopdeia Staff, 2009). The American Civil War would prove to be an early challenge, followed by the Great Depression in the early part of the 20th Century. The swift development of railroads across the United States was an advantage the Lehman Brothers were able to utilize and led the company to serve as financial advisors and underwriters for the railroad companies. In 1920, Robert Lehman became a partner and moved into a leadership role. He centered his leadership role on the belief that consumption was the key versus production. Because of this firm belief, Lehman Brothers prospered with financing for airline and motion picture companies. The age of electric in the 1950’s, capital market growth in the 1960’s, the rise of international business in the 1970’s, and the focus of mergers and acquisitions in the 1980’s helped Lehman Brothers grow as a company. From the outside, it appeared that Lehman Brothers was performing well as a company. The bubble burst for the company in 2008 when the subprime mortgage lending crises hit the United States. Lehman Brothers filed bankruptcy......

Words: 1481 - Pages: 6

Premium Essay

Hrm 531 Week 6 Learning Team Assignment

...HRM 531 WEEK 6 LEARNING TEAM ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/hrm-531-week-6-learning-team-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM HRM 531 WEEK 6 LEARNING TEAM ASSIGNMENT Complete the Recruitment and Selection Strategies Recommendations task, as described in the Email from Traci, located on the Atwood and Allen Consulting page. Individual Assignment: Recruitment and Selection Strategies Recommendations Presentation: You currently work as a human resource management consultant, and you have scheduled a presentation to pitch your organization's value to a company that you have worked for in the past. Prepare a 12-15 slide Microsoft® PowerPoint® 15-20 minute presentation that will be used to present your assignment. Include the following components in your presentation: Purpose of Assignment For this task, Traci has asked you to develop some recruitment and selection strategy recommendations for your client. It is important for you to understand the relationship between the business strategy and the recruitment and selection strategies. Having appropriate alignment and clear goals helps to ensure that a business is recruiting and selecting the right candidates. It is also important that you examine the importance of a diverse and inclusive workforce in today's global economy. This includes diversity in the recruitment and selection strategies. Resources Required Week Six e-mail from Traci and Week Six......

Words: 753 - Pages: 4

Free Essay

Guillermo Furniture Store Analysis Paper

...Guillermo Furniture Store Concepts Paper Guillermo Furniture Store Concepts Paper Many businesses face circumstances that require concepts and principles. There are many principles that should be applied to running a good business. Competitors are looking for the competition and as a business person one cannot expect the other party to be economically rational with the competition (Emery, Finnerty, & Stowe, 2007). The Guillermo Navallez owner of Guillermo Furniture Store located in Sonora, Mexico has been in business for years making furniture with a good supply of timber for the variety of tables and chairs, relatively inexpensive labor prices, and its handcrafted products, is known as one of the largest furniture manufacturing stores in North America. In the late 1990’s the furniture store took a shocking turn due to the competition from overseas that entered the business using a high tech approach causing a decrease in Guillermo’s business. In addition, Guillermo watched how his competitor woke up the community from its rock-bottom prices, and how one of the largest retailers in the nation’s headquarters down the road influenced and expanded considerably which raised the cost of labor substantially causing Guillermo’s profit margin to shrink as prices fell and costs rose (University of Phoenix, 2009). Guillermo is now faced with making some decisions to help his business. Guillermo should be wise about his decisions. It may be hard to......

Words: 932 - Pages: 4

Slippers | 18 cze 2018 | Sanctuary - Wächter der Kreaturen