Task 13 Financial report 1. Analyse the data in table above to identify: a) In terms...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Task 13 Financial report 1. Analyse the data in table above to identify: a) In terms of sales, state which is the best performing department? Food & Beverage b) In terms of Net profit, state which is the worst performing department? c) State the total Gross Profit d) What could improve the Gross Profit figure? State 2 different ways. e) In what way does improving staff performance increase the profits of the hotel. State 2 different ways. From the Accommodation Profit & Loss Account, state the total of the following costs: a) Inventory b) Fixed c) Variable Present conclusions as to the effectiveness of the guest service operation in the hotel, supporting your evidence with financial evidence. As manager of a poorly performing department, what processes would you implement to resolve guest service problems? Task 12.1 Task 12.1 Department Accommodation Food & Beverage Spa Total Department Accommodation Food&Beverage Spa Total Sales (SAR 000) 2532.50 3325.00 2000.00 7898.00 Gross Profit 2.097.700 2.125.500 150.000.00 5.723.00 Sales Cost of sales Controllable expences 2.532.500 434.800.00 1.508.000.00 3.325.500 2.125.500.00 1.580.000.00 2000000 5.000.000 704.000.00 7.858.000 2.134.800 3.792.000 Net Profit 149.70 105.50 720.00 2322.00 Fixed expences 440.000.00 440.000.00 76.000.00 3.792.000 Total expences 1.948.000.00 2.020.000.00 780.000.00 4.748.000 Gross profit Net profit 2097.700.00 149.700.00 2.125.000.00 105.000.00 1.500.000.00 720.000.00 5.728.000 9,747,000 Task 12.2 Inventory sales-hotel ro Variable cost Salaries and wages 380.000.00 Heating 38.000.00 Glassware and drinks 80.000.00 Repairs and renewal 60.000.00 From the Accommodation Profit & Loss Account, list the following costs Electricity 200.000.00 Replacing linen 150.000.00 Newspapers and flow 200.000.00 Printing and stational 400.000.00 Total variable cost 1.508.000.00 434,800 Fixed cost Rent and rates Equipment lease Insurance Total fixed expenses 300.000.00 20.000.00 120.000.00 440.000.00 Task 13 Financial report 1. Analyse the data in table above to identify: a) In terms of sales, state which is the best performing department? Food & Beverage b) In terms of Net profit, state which is the worst performing department? c) State the total Gross Profit d) What could improve the Gross Profit figure? State 2 different ways. e) In what way does improving staff performance increase the profits of the hotel. State 2 different ways. From the Accommodation Profit & Loss Account, state the total of the following costs: a) Inventory b) Fixed c) Variable Present conclusions as to the effectiveness of the guest service operation in the hotel, supporting your evidence with financial evidence. As manager of a poorly performing department, what processes would you implement to resolve guest service problems? Task 12.1 Task 12.1 Department Accommodation Food & Beverage Spa Total Department Accommodation Food&Beverage Spa Total Sales (SAR 000) 2532.50 3325.00 2000.00 7898.00 Gross Profit 2.097.700 2.125.500 150.000.00 5.723.00 Sales Cost of sales Controllable expences 2.532.500 434.800.00 1.508.000.00 3.325.500 2.125.500.00 1.580.000.00 2000000 5.000.000 704.000.00 7.858.000 2.134.800 3.792.000 Net Profit 149.70 105.50 720.00 2322.00 Fixed expences 440.000.00 440.000.00 76.000.00 3.792.000 Total expences 1.948.000.00 2.020.000.00 780.000.00 4.748.000 Gross profit Net profit 2097.700.00 149.700.00 2.125.000.00 105.000.00 1.500.000.00 720.000.00 5.728.000 9,747,000 Task 12.2 Inventory sales-hotel ro Variable cost Salaries and wages 380.000.00 Heating 38.000.00 Glassware and drinks 80.000.00 Repairs and renewal 60.000.00 From the Accommodation Profit & Loss Account, list the following costs Electricity 200.000.00 Replacing linen 150.000.00 Newspapers and flow 200.000.00 Printing and stational 400.000.00 Total variable cost 1.508.000.00 434,800 Fixed cost Rent and rates Equipment lease Insurance Total fixed expenses 300.000.00 20.000.00 120.000.00 440.000.00
Expert Answer:
Answer rating: 100% (QA)
Task 13 Financial Report Analysis a In terms of sales state which is the bestperforming department Food Beverage department has the highest sales SAR ... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these finance questions
-
Shane works for a non-profit organization that caters to corporations and nongovernmental organizations worldwide. Shane is part of the team that provides training services to the Indian Red Cross...
-
The network in Fig. 9.87 is part of the schematic describing an industrial electronic sensing device. What is the total impedance of the circuit at 2 kHz? 50 10 nH 100
-
The St. Maries plywood plant is part of the Potlatch Corporations Northwest Division. The plywood superintendent organized a study of the tree diameters that are being shipped to the mill. After...
-
Develop a data type Quote that implements the following API for quotations: To do so, define a nested class Card that holds one word of the quotation and a link to the next word in the quotation:...
-
Hills Companys June 30 bank statement and the June ledger account for cash are summarized here: Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that...
-
Jack Thompsons lifelong dream is to own his own fishing boat to use in his retirement. Jack has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $350,000...
-
Compare some of the ways the societies provide care for their elderly members and critique the elder care practices of your society.
-
Balance sheet data for Peacock Company on December 31, the end of the fiscal year, are shown below. Prepare a comparative balance sheet for 2014 and 2013, stating each asset as a percent of total...
-
1. Your first task is to find a combination of masses for three balls that place their center of mass at point (5,2), i.e., midway between Balls 1 and 2 in the x-direction, and midway from the x-axis...
-
Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Beginning work in process inventory Units started this...
-
2) Graph both explain both expansionary and contractionary fiscal policy. Detail what happens to both price level and national output.
-
Two small, irregularly shaped conducting objects, one carrying charge \(+q\) and one carrying charge \(-q\), are placed on an \(x\) axis at \(x=-4.0 \mathrm{~m}\) and \(x=+4.0 \mathrm{~m}\),...
-
Mr Chai has been trading for some years as a wine merchant. The following list of balances has been extracted from his ledger as at 30 April 2010, the end of his most recent financial year. The...
-
Resistor Ltd manufactures electrical units. All units are identical. The following information relates to June and July Year 5. (a) Budgeted costs and selling prices were: (b) Actual production and...
-
Frame It sells photo frames, which are packaged in specially designed boxes. The company sells four designs namely; engagement, wedding, anniversaries, and birthdays, and currently all packaging is...
-
(a) A spherical capacitor consists of two concentric conducting spheres of radii \(R\) and \(2 R\). If the two spheres carry charges of \(+q\) and \(-q\), what is the average energy density inside...
-
Who is the current Chief Executive Officer of The Hershey Company?
-
Show that every group G with identity e and such that x * x = e for all x G is abelian.
-
M. Anthony, LLP, produces music in a studio in London. The cost of producing one typical song follows: Average Cost per Song: Labor, including musicians and technicians . . . . . . . . . . . . ....
-
Refer to the information in Problem 10-50. The ice cream business has two seasons, summer and winter. Each season lasts exactly six months. Chucks orders 4,500 gallons in the summer and 4,500 gallons...
-
Scholes Systems supplies a particular type of office chair to large retailers such as Target, Costco, and Office Max. Scholes is concerned about the possible effects of inflation on its operations....
-
Show that the process in equation (5.110), \(x_{t}=-\sum_{j=0}^{\infty} \phi_{1}^{-j} w_{t+j}\) where \(\left|\phi_{1} ight| <1\), is stationary. Note an important property: in this representation...
-
(a) Suppose \(\left\{w_{t} ight\}\) is a white noise with constant variance \(\sigma_{w}^{2}\). What is the variance of the process \(\left\{\triangle\left(w_{t} ight) ight\}\) ? Why is this so? (b)...
-
Suppose that \(\left\{x_{t} ight\}\) is an \(\mathrm{I}(d)\) process for \(d>k\), for some integer \(k>1\). (a) Show that \(\left\{x_{t} ight\}\) is an \(\mathrm{I}(d+k)\) process (b) Show that...
Study smarter with the SolutionInn App