The Guillermo Furniture Store Wk 1

The Guillermo Furniture Store Wk 1 - Running head: THE...

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Running head: THE GUILLERMO FURNITURE STORE 1 The Guillermo Furniture Store Charles Blackstone ACC/561 1/31/2011 Reza Rafi
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THE GUILLERMO FURNITURE STORE 2 The Guillermo Furniture Store Guillermo Furniture Store has been in business for many years. Guillermo Furniture Store was once in a primer location, which offered cheap labor and a great supply of timber. Guillermo Furniture Store was able to charge a premium price for its handcrafted products, which made life good for Mr. Guillermo, owner of Guillermo Furniture Store. Mr. Guillermo has recently experience difficult times due to new competitors from overseas, and an increase in cost of labor. Now that new competitors have broken into his market, and local labor has increased Mr. Guillermo will have to use additional resources to decide which direction favors his business the most. Mr. Guillermo can utilize Budget and Performance reports to aid his decision making process. Mr. Guillermo can identify, measure, and analyze information need to make an educated decision by using management accounting procedures. With these tools he will be able to answer the following questions; 1. Is his company during well or poorly, based on current economy? 2.
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The Guillermo Furniture Store Wk 1 - Running head: THE...

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