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    Guillermo's Furniture Store

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    ? Resource: Guillermo's Furniture Store Scenario
    ? Write a paper explaining the finance concepts found in the readings and how they relate to the context of the scenario.

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    ? Resource: Guillermo's Furniture Store Scenario
    ? Write a paper explaining the finance concepts found in the readings and how they relate to the context of the scenario.

    The finance concepts found in reading are a flexible budget. The flexible budget is one that adjusts for flexes for changes in the production volume. The flex budget has been used in the Guillermo's Furniture case study. The next finance concept is that of production data. This is information that is continuously stored and used by professionals. To be useful, the data must be accurate, documented, and managed regularly to provide value In case of Guillermo's Furniture, the production data gives the breakdown of direct costs and the use of plant capacity.

    The assets, liabilities & Equity Information are simply the balance sheet of Guillermo's Furniture for the past two years. This information is presented on a particular date. In case of Guillermo's Furniture these dates are 12/31/2007 and 12/31/2008. The main assets of Guillermo's Furniture have been listed first in terms of their liquidity. The assets are followed by liabilities. The difference between the liabilities and assets is called the net worth or the net assets of the company. Another concept that was ...

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