...Guillermo Recommendation In every business’ life there are times where the market adjusts and the business must change to meet that adjustment. As technology advances, populations change, and the economy continually shifts, every business owner must know how to use accounting principles to analyze alternative options and work toward a better future of the company given market demands. Such a shift happened for Guillermo and analysis became necessary to decide on the best course of action. Using financial calculations and principles the best alternative can be decided upon and proven to lead to a positive future for the company. Issues and Alternatives Sonora, Mexico’s high supply of timber assisted Guillermo and other furniture manufacturers to produce high-quality furniture at high prices and run a good business doing so (University of Phoenix, 2010). Two-years ago, two events happened that changed the business market for Guillermo. First, a competitor moved in with high-tech equipment that could mimic Guillermo’s high quality work at a lower cost. Additionally, the popularity of Sonora rose as did their population; this caused labor costs to sky rocket (University of Phoenix, 2010). With a large competitor and huge labor costs, Guillermo has to find a way to survive in this new environment. To remain in business in this new market Guillermo has to decide on new course of action; he has found three options. First, using the behavioral principle, he looked to his competitors...
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...Self-Interested Behavior, a course of action most financially advantageous for themselves (Emery, et.al, 2007). According to the scenario, Guillermo’s Furniture Store, Guillermo Navellez, owner of local furniture manufacturing plant, has identified several key alternatives which will affect his decision regarding production, labor costs, organizational management, and organizational stability. After reading this paper, the reader will have an understanding of two key points. The first point is how business decisions are effected by various alternatives. The second point explains how managers analyze and evaluate alternatives to establish the best recommendation for the business operation and cash flow of an organization. Most organizations are approached with the concept of improving its business strategy, production sales, and even customers services to compete with its competitors. This philosophy is no exception to Guillermo’s Furniture Store. However, considering the Norway furniture company, Guillermo’s overseas competitors, has invaded the turf of Guillermo, Guillermo must acknowledge that he must identify various alternatives to keep himself abreast, and endorse a new approach to maintain the business edge. In the given chart below, Guillermo has acknowledged four key alternatives he must analyze to keep the legacy of Guillermo Furniture Store afloat. These chief alternatives are as follows, consolidate with competitors, become sole distributor, market flame retardant, and implement...
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...Running Head: GUILLERMO FURNITURE STORE RECOMMENDATION Guillermo Furniture Store Recommendation Name: Course; Institution: Instructor: Introduction Guillermo Navallez has for many years operated from Sonara, a city in Mexico making furniture. One of the main reasons for maintaining his operations in this location has been the good supply of quality timber. However, a new competitor entered the market offering the same quality products at a fraction of the price Guillermo was charging. This was possible because of the heavy reliance on high-tech mechanization that the new supplier employed. To further complicate things for Guillermo was the entry into the city of a large retailer, a sudden explosion of workers resulting in a substantial increase in the cost of labor. All things had a negative effect on Guillermo’s bottom line. Discussion: The essence of any business operation is to maximize profits. This is only achieved when the business is able to meet its recurring costs and have a surplus available for reinvestment or payment as dividends to the owners. Guillermo’s case requires a critical investigation into the business operations to determine available to him. Given the current situation, Guillermo has three very viable options to consider. He could either maintain the present business model and continue operations as currently constituted, or adopt a new business model by embracing high technology and thus investing in highly automated machines...
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...Guillermo Furniture Capital Budget Recommendation Kendall Nicholson University of Phoenix Managerial Accounting and Legal Aspects of Business ACC/543 Curtis Brooks April 23, 2012 Guillermo Furniture Capital Budget Recommendation Guillermo Furniture is on the verge of making an important business decision. Increased competition and rising costs have shrunk its profits considerably. Although many of its smaller competitors are merging with larger corporation, Guillermo does not consider this a viable option. Guillermo Furniture must choose between upgrading to a high-tech computer controlled laser lathe that reduces labor costs dramatically and using its distribution channels to help a competitor to market its products. This option would result in Guillermo becoming more of a distribution network than a manufacturing company. Guillermo also has a patented process for coating its furniture. The flame retardant portion of this process is potentially profitable, but the finished coating is not as desired. Capital Budget Evaluation Techniques Several techniques are available to Guillermo to use for making a decision on which course of action is best. One technique is the net present value (NPV) technique. This technique compares the present values of future cash inflows against the initial cost and cash outflows of a capital investment. In this case, the future inflows of cash must be compared with the interest rate that Guillermo could receive on the investment...
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...Capital Budget Recommendation for Guillermo Lynda D. Keller ACC543 June 23, 2014 Richard Collins Capital Budget Recommendation for Guillermo The first and most necessary goal of any organization is to maximize shareholder wealth. Maximizing shareholder wealth includes identifying and analyzing future projects that can provide value. Typically in a risk-return trade off the greater the risk, the higher the return. According to Krenz and Miller, “organizations undertake risky directions when the outcomes are so desirable that the probability of failure makes it worthwhile,” (Krenz & Miller, 2011, p. 18). Guillermo’s Furniture Store is facing increased competition, especially through consolidation of competitors. One option for Guillermo is to upgrade to current technology. This option is costly but can result in a substantial decrease in labor cost. Another option for Guillermo is to change the focus of his business from manufacturing to distribution using his existing distributor network. Keeping in mind that the main goal in capital budgeting is maximizing shareholder wealth managers will need to determine which projects will need to determine which projects will bring the largest return for the least amount of investment. In evaluating projects, there are many capital budgeting tools available to managers. These tools include net present value, weighted average cost of capital, and internal rate of return. According to a Duke University study, “75% of the...
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...Capital Budget Recommendation for Guillermo Furniture Managerial Accounting and Legal Aspects of Business ACC 543 Capital Budget Recommendation for Guillermo Furniture After careful evaluation of preexisting financial documents, an assessment has been made to determine what business decision will provide the greatest return for Mr. Navallez, owner of Guillermo Furniture. Presently, Mr. Navallez needs to re-strategize his business endeavors, because there is now new competition in the furniture manufacturing industry. The competition uses high-tech, automated machinery to mass-produce furniture at an end-price cheaper than Mr. Navallez can offer his clientele (Guillermo Furniture Scenario). Additionally, the competition has very little labor costs, as most work is done by machine; conversely, Navallez is projected to pay $44,065 in wages for the year of 2011 (Guillermo Furniture Financial Data Sheets). Although expensive, an option available to Mr. Navallez is to invest in high-end equipment and remain in the furniture manufacturing industry. In order to explore the possibility a potentially lucrative investment opportunity capital budget must be estimated and compared to the expected cash inflow. Capital budgeting techniques can be used to determine if the investment in high-tech machinery will provide a sufficient return on investment. Two methods commonly used are net present value (NPV) and internal rate of return (IRR). Additionally, the amount of time it will...
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...Guillermo Furniture Store Concepts Paper FIN 571 Guillermo Furniture Store Concepts Paper Sonora, Mexico was the ideal location for Guillermo’s Furniture Store. An abundant supply of cheap timber and relatively cheap labor costs, Guillermo’s had been producing high quality products, mainly chairs and tables, selling at premium prices. Guillermo’s exclusivity came to an end; competition from overseas using high-tech manufacturing equipment eroded his business market share through lower prices. Sonora, once a sleepy village, has grown. Along with this growth has come is the influx of people, increased labor rates and material costs. Higher costs to produce, lower prices to sell, Guillermo’s Furniture Store faces the recurring problem through the market place, change. Guillermo’s looked at his competition, his operations, his customer base, and the potential for business into the future. Guillermo’s needed to re-establish their competitive advantage; a strategy and methodology to ensure increase in value through economic efficiency. Guillermo’s discovered many smaller companies were consolidating with larger companies through mergers or acquisitions. Large organization offer scale of magnitude and ability to adjust available resources resulting in consolidation of costs and efficiency with manufacturing. Guillermo’s was not interested in purchasing smaller locations or being acquired by another company. Guillermo’s could opt for the advantages of the lower manufacturing costs...
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...Manuel A. Noriega – Friend or Foe? Manuel Antonio Noriega Morena was born on February 11th, 1934 in Panama City, Panama to a poor accountant and his maid. (Tyle) At the age of five, his parents allowed a school teacher to adopt him. As a teen, he attended a well known high school, the National Institute, in preparation of becoming a doctor. During his time here, he participated in various anti-US protests. When high school was over, his family could not afford to send him to medical school so instead, Noriega accepted a scholarship to attend the Chorrios Military Academy in Peru. He graduated in 1962 with a degree in engineering. For the next few years, Noriega trained obstinately at the U.S. Army School of the Americas in Fort Benning, Georgia becoming highly decorated in intelligence, counterintelligence, and jungle operations and then went on to take a course in psychological operations (Psyops) at Fort Bragg, North Carolina. In 1967, Noriega returned to Panama and joined the Panama National Guard. One year later, he was promoted to lieutenant. That same year, the leader of Panama, Amulfo Arias was removed from power by the military a short 11 days after winning his second election. Many speculate Noriega played a major part of this military uprising. Control of government power was assumed by Colonel Omar Torrijos. Torrijos already had a great deal of respect for Noriega but one incident sealed the deal. In 1969, Torrijos was out of the country, a group of...
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...Film Guide/Study Questions The Devil’s Backbone (El espinazo del diablo) First impressions It is always a good idea to register your response to a film right after viewing as you are still emotionally involved in the story. Use some of these points to help you. 1. Did you like or dislike the film? Why? (either answer is valid – but it is always interesting to explore the reasons). I did like the film because of the beautiful barren imagery, ingenious use of symbolism and Del Toro’s unique way of bringing out societal issues in a highly suggestive manner. I also enjoyed the role of the ghost to push the story line forwards with each apparition. 2. What, do you believe is the main theme of the film? The Spanish Civil War, more specifically how Franco’s army and the right-winged parties consolidated while the left-winged opposition fragmented and was, eventually, forced out. Also there is a general message about war and how such terrifying events can rob children of their childhoods. 3. Were you frightened during the story? Of what? Which characters were more frightening – Santi? Jacinto? Did this response change as the film progressed? If so, how? At first the movie seems like any other typical ghost/horror story, where one grows weary of the ghost’s presence primarily due to fear of the unknown. However, as the storyline develops, one becomes uncomfortably accustomed to the ghost’s appearance. Furthermore, after learning the circumstances behind...
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...Question 1 – The powers of various parties involved in the dispute Actors New Zealand (NZ) actors were virtually powerless during the Hobbit dispute. Many had worked under non-union contracts for years in local productions and the Lord of the Rings trilogy, which was inferior in comparison to many unionised actors overseas. This would be repeated in the Hobbit production whereby actors would work as independent contractors and not employees. Thus, the Hobbit producers would have absolute control over NZ workers who would not have the protection of minimum wage or working conditions that they could under a collective employment contract. To address these issues for the Hobbit project, some NZ actors sought to negotiate better conditions through their union. However, they were shut out as Hobbit producers refused to engage in bargaining and deemed it illegal for them to have a collective agreement with independent contractors (Bridgeman & McLaughlin 2011, p.3). Unions Media Entertainment and Arts Alliance (MEAA) is an Australian union which the NZ Actors Equity joined in 2006. MEAA was no match against a formidable opponent in Warner Brothers in both power and strategy. A global conglomerate such as Warner Brothers had little to fear against a union organisation with a few hundred NZ actors. McAndrew & Risak (2011, p.72) infer that it was a naive strategy for an Australian union to challenge such a powerful organisation with an aggressive yet ineffective boycott of Hobbit...
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...NAME May 31, 2015 SPAN 2322 Critical Film Essay: Pan’s Labyrinth El laberinto del fauno, the original name given to the Mexican-Spanish film was both written and directed by Guillermo del Toro in 2006. This film takes place after the Spanish Civil War and covers the Francoist period we have discussed in class. After carefully watching this film a second time, I have a better understanding of the many elements portrayed in the film that I found confusing after watching it the first time. The biggest element for me being fantasy vs. reality (documentary) and the idea of “two Spains” that it portrays. As a representation of the effects of the Spanish Civil War, there are clearly two sides, the Popular Front and the Francoists. The Popular Front consisted of socialists, communists, Marxists, republicans, and even communists who formed a coalition and demanded an independent judiciary free from government control. Although the labyrinth is most associated with the idea of fairytale or fantasy in my opinion the Popular Front represent the “fantasy” aspect of the film, because what they were trying to accomplish would be seen as something improbable or unattainable to an outsider looking in or someone who associates themselves as a member of the Francoist movement. The Popular Front was portrayed as very poor throughout the film, depending heavily on the captain and his military for sources of food and hospitality. This preceding statement is exactly why the Popular Front...
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...In Pan’s Labyrinth directed by Guillermo del Toro, Ofelia’s innocence is explored. Generally, when people begin to gain more experiences in life, especially of the darker things in the world, they lose their innocence. Innocence is an important part in this movie as it is in an important part in any child’s life. Every child has those moments in life where all of a sudden they are seen as mature and there innocence is seemingly gone, making Ofelia’s journey much more relatable for anyone watching. Throughout the movie, Ofelia’s innocence changes in order to show her full cycle through life. Ofelia’s innocence begins to change when she starts her first task of going into the tree and getting the key from the frog. Before entering the tree Ofelia, still had the innocence of a young girl. She hadn’t experienced many dangers or scary situations in her...
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...Alex Vassallo Vassallo -1 Ms. Jelen American Literature 1/19/15 Vampires Of The Twenty First Century The book that I am reviewing is called the The Strain by Guillermo Del Toro and Chuck Hogan. My opinion of The Strain is that it is a good book with a lot of horror themed elements and it is a perfect read for any one who like vampires or monsters. The Strain is a modern vampire novel that takes place in New York City. We spend most of the book following a handful of main characters who are trying to stop the spread of a vampiric infection, all while trying to hunt down the head vampire who is spreading the plague. You also follow another group of character who are the living with the infection and who spread the disease to there family. The main characters of the book are Dr. Ephraim Goodweather, Vasiliy Fet, Dr. Nora Martinez, and Professor Abraham Setrakin. Ephraim and Nora work for the Center for Disease Control(CDC) and are in a relationship and have been for a long time. They are the only few people that are taught how to deal with the vampires. Vasiliy Fet is a exterminator who was brought in by Ephraim and Nora. Professor Abraham Setrakin was a teacher but before that he fought the vampires starting when they showed up during World War II. The Professor teaches Ephraim, Nora, and Vasiliy how to...
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...Art express experiences in life and how people deal with them. Many filmmakers use specific techniques to express how they represent their interpretation of life within their film such as the use of color and texture, fairy tales or myths, and character portrayal and their personalities. In Guillermo Del Toro's film “Pan's Labyrinth” he uses the real world and the fantasy one to parallel each other. Color and texture are used to reveal the harshness of war and political oppression. Del Toro reflects the real world with the use of cool colors such as blues and grays and tried to use as little color as possible. Del Toro’s use of texture was very subtle and he decided to use very little furnishing and other props in the real world to make it more dull and less welcoming. In the fantasy portion of the movie Del Toro’s use of color is very warm and welcoming. He uses a lot of reds and golds to express a more homely and accepting atmosphere. Del Toro uses texture in the fantasy world by placing large paintings and a lot of furnishings like chairs, dressers, tables, etc. In “Pan’s Labyrinth” the struggle between good and evil is depicted. The story takes place in Spain 1944. The main character Ofelia meets several strange and magical creatures that lead her through a variety of trials. The antagonist, Captain Vidal is the symbol for evil and brutality. Ofelia travels with her sick mother to meet her new stepfather and runs into a fairy along the way that then leads her to a dilapidated...
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...From visionary director Guillermo Del Toro, comes 'Crimson Peak' (2015) a very welcome return to an old school type of horror story, the Gothic Romance. starring Mia Wasikowska, Jessica Chastain and Tom Hiddleston. It is early 20th Century and In the outcome of a family catastrophe, aspiring author, Edith Cushing (Wasikowska), falls in love with a mysterious figure by the name of Thomas Sharpe (Hiddleston), an aristocrat from Allerdale Hall. Moving to a decaying English mansion, Edith is followed by the ghouls and demons of her past that warned her as a child of the enigmatic 'Crimson Peak' all the whilst becoming cautious of her newly wedded husband and his devious sister (Chastain). The first thing to note about this film is just how aesthically pleasing it is. The beautiful cinematography coupled with the gothic mise en scène creates picturesque moments out of every frame. The visual contrast between each act of the film is also very well distinguished. The film opens up with stunning landscapes and architecture which reflects the class and sophistication of the characters present, akin to a Jane Austin novel or Shakespeare production. As the film progresses and character motivations are revealed the cinematography becomes much more low-key and darkly atmospheric. The use of red takes up a considerable amount of the colour scheme connotating the death, evil and destruction that lay in Edith's path. Snow is also used often to create a contrast with the red, this works...
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