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Essay / Research Paper Abstract
This 6 page paper is based in case study provided by the student, concerning Guillermo Furniture Store. The first part of the paper considers cost relationships and behaviors at the firm and how they may impact on decision making. The second part of the paper discusses the potential control system that could be used, following this a breakeven analysis is performed and then the return on investment, residual income and economic value added. The bibliography cites 4 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEgillbreak.rtf
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Unformatted sample text from the term paper:
result of increasing levels of competition, with a highly competitive environment there is increased importance attached to understanding the profits and costs within the firm. Any firm will need to
understand its cost structure in order to remain competitive, this becomes more important when there is a highly competitive environment where controlling costs is important. There are certain products which
require a higher level of input compared to others; for example mid-grade units are the required 20 hours of labor, where the high-end units require 30 hours of labor, at
$15 an hour this is a $150 difference in terms of labor. When the As a need to cut costs for companies likely to focus on products where there is
the highest profit margin, a contribution to a fixed cost. However, there also no financial issues that may be considered; such as the relationship with the employees. By carrying on
employing local labor, rather than opting to outsource production of some units, it may be argued that the company is able to follow a more human-based approach, and may be
seen as more ethical. Cause it to be balanced with human issues. Question 2 There are a number of different types of control system the company may be able to
use in order to show the view of my station goes on that. One approach that can be advocated is that of activity-based costing, in order to control costs and
assess progress towards the goals. As the main issue is the controlling off costs this would facilitate an ongoing system which would allow costs to be monitored, and also increase
the transparency of costs which would also empower management. The activity based systems look at the activities in an ABC manner and then
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