Here is the synopsis of our sample research paper on EXPLANATION AND RECOMMENDATIONS FOR GIBERSON'S GLASS STUDIO. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8-page paper presents a case study for a glass-blower's business, and provides an accounting-based analysis for recommendations. Bibliography lists 1 source.
Page Count:
8 pages (~225 words per page)
File: D0_MTglassacct.rtf
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Unformatted sample text from the term paper:
businesses fail is due to lack of capital. The businesses fail to charge the right price, or underestimate their expenses when it comes to the actuality of running operations.
In the case of Gibersons Glass Studio, glassblower Edward Englehardt Giberson, the proprietor had a great deal to offer - he had skill
and lovely items to show for it. Problem was, his accounting books were in a mess, with his financial resources going downhill. He faced a certain closed business without help
from Felicia Coates, who was asked to evaluate his processes then come up with recommendations. This paper will set up the scenario
with solutions. Its based on a case study prepared by E. Richard Brownlee II for the University of Virginia. Executive Summary Though
glass-blower Edward Englehardt Giberson had a successful glass-blowing operation in Charlottesville, he was finding himself in dire financial straights. Sales were strong, word was spreading, but Giberson was losing money
hand over fist. Problem was, he couldnt pinpoint where the cash drain was coming from, as his financial records were in horrible disarray.
An examination of his production volume showed that he produced around 40 batches of glass a week (out of which only a certain percentage actually ended up becoming saleable
material). Further analysis showed that his fixed expenses of $37,305 per year far outstripped his sales of just over $31,000 a year (without adding in the variable costs).
Given what Giberson charges for his product, and given his own production, three recommendations were made: To hire another employee to increase the batch
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