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FINANCE IN THE HOSPITALITY INDUSTRY TASK 5

FINANCE IN THE HOSPITALITY INDUSTRY DEFINE, COMPARE, EXPLAIN, DISCUS ADVANTAGES & DISADVANTAGES, AND ANALYSE WITH DIAGRAMS. TABLE OF CONTENTS, ASNWERS TO BE NUMBERED AS IT IS IN THE QUESTION TASK ONE IS REPORT ESSAY TASK TWO IS REPORT ESSAY NOTES: 1. TABLE OF CONTENTS 2. GOOD INTRODUCTION 3. EXCELLENT BODY REPORT WITH DIAGRAMS 4. GOOD CONCLUSION 5. REFERENCES ALSO NOTE THAT ALL QUESTIONS MUST BE ANSWERED AND EXPLAIN, DEFINE AND DISCUSS, ACCESS AND EVALUATE ALL QUESTIONS WHERE NECESSARY AND WITH DIAGRAMS WHERE NECESSARY. ………………………………………………………………………………………………………………….. Looking ahead to the financial year ending 31 March 2012, the directors of Problems Limited are faced with a budgeted loss of £10,000. This is based on the following data. Budgeted number of units: 10,000 £000 Sales revenue 100 Less: Variable costs 80 Contribution 20 Less: Fixed costs 30 –––– Budgeted loss (10) –––––––– The directors would like to aim for a profit of £20,000 for the year to 31 March 2012. Various proposals have been put forward, none of which require a change in the budgeted level of fixed costs. These proposals are as follows: 1. Reduce the selling price of each unit by 10 per cent. 2. Increase the selling price of each unit by 10 per cent. 3. Stimulate sales by improving the quality of the product, which would increase the variable cost of the unit by £1.50 per unit. Required: (a) Write brief notes on your understanding of fixed, variable and semi-variable costs (AC5.1) (b) For each proposal calculate: (AC5.2, AC5.3) i. the break-even position in units and in value terms; ii. the number of units required to be sold in order to meet the profit target (c) State with reasons which proposal you think should be adopted. (AC5.2, AC5.3)
FINANCE IN THE HOSPITALITY INDUSTRY DEFINE, COMPARE, EXPLAIN, DISCUS ADVANTAGES & DISADVANTAGES, AND ANALYSE WITH DIAGRAMS. TABLE OF CONTENTS, ASNWERS TO BE NUMBERED AS IT IS IN THE QUESTION TASK ONE IS REPORT ESSAY TASK TWO IS REPORT ESSAY NOTES: 1. TABLE OF CONTENTS 2. GOOD INTRODUCTION 3. EXCELLENT BODY REPORT WITH DIAGRAMS 4. GOOD CONCLUSION 5.
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Assignment ID
7058
Discipline
CREATED ON
November 7, 2015
COMPLETED ON
November 8, 2015
Price
$40
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Latest reviews for Tiana
bella6624
December 5, 2016
bella6624
great job!!!!!
bella6624
December 5, 2016
bella6624
good writer !!!
vijay kumar
November 30, 2016
vijay kumar
on time