Identify and explain areas of significant overspend

Reference no: EM131605097 , Length: word count:1200

Vertical Analysis Assessment

Assignment Overview

The Jade Hotel is a medium sized hotel located in the Sydney CBD. It is part of the successful Jade Hotel Group that was established some ten years ago. The hotel group is Australian based, it does not have operations outside of Australia. The Jade Hotel, Sydney is the newest addition to the group and has been operating for just six months. Without any historical trading results to compare current performance to, it is appropriate to conduct a vertical analysis of the Profit & Loss Statement in order to evaluate performance and control day-to-day operations.

You are required to undertake a comparative vertical analysis of the operational results for the Food and Beverage Department. For this purpose, you are provided with the performance benchmarks used across the hotel group. Based on this analysis, identify areas of significant overspend and suggest possible causes.

Assignment Instructions

From the information provided for the Food and Beverage Department you are to:

1. Convert the Profit & Loss Statement to a comparative vertical analysis format.

2. Identify and explain areas of significant overspend in relation to expenses and suggest possible causes. Address the three most significant areas of overspend only.

3. Select one of the areas of significant overspend identified in part 2. What data/information/records/source documents (in addition to the Profit & Loss Statement and vertical analysis) could you review, to fully investigate the actual cause of the overspend?

Attachment:- Assignment File.rar

Reference no: EM131605097

Questions Cloud

Which ethical system most closely matches ethical system : Which ethical system most closely matches your personal ethical system? Why do you think so? Explain your position.

What is its temperature change : If all its kinetic energy is converted to thermal energy and none leaves the bullet, what is its temperature change?

Could the car travel half a mile in ev-only mode : Concern hybrid cars such as the Toyota Prius that are powered by a gas-engine, electric-motor combination, but can also function in Electric-Vehicle (EV).

Aluminum airplane has a wingspan : An aluminum airplane has a wingspan of 11.43 m on the ground where the temperature is 27 degrees C.

Identify and explain areas of significant overspend : Vertical Analysis Assessment - Identify and explain areas of significant overspend in relation to expenses and suggest possible causes

Find the precise distance using the area under the curve : An object has zero initial velocity and a constant acceleration of 32 ft/sec2. Find a formula for its velocity as a function of time.

What is the wavelength in the groove : A 3.49 rad/s (33 rpm) record has a 5.10-kHz tone cut in the groove. If the groove is located 0.100 m from the center of the record, what is the "wavelength" in

Transverse wave move along the cable : The density of steel is 7860 kg/m3. Note that this value is not the linear density of the cable. At what speed does a transverse wave move along the cable?

Which car attains the larger maximum velocity : Two cars start at the same time and travel in the same direction along a straight road. Figure gives the velocity, v, of each car as a function of time, t.

Reviews

len1605097

8/19/2017 1:40:22 AM

Australian Student, total 1200 words including Analysis. The assignment should be clearly divided into the three parts detailed above. The assignment is to be written in Word and submitted online via the submission link on LCB Engage. A minimum of 75% of your submission must be original (apart from the Profit & Loss Statement and benchmarks provided). All non-original material must be referenced. Please note: Do not include an introduction or a conclusion. Use Excel for the comparative vertical analysis and then copy into Word. Be sure to display all percentages in the comparative vertical analysis to one decimal place. Pay attention to the presentation of the comparative vertical analysis. Interpretation of results: identification & explanation of overspend & causes. Presentation: overall readability, including grammar, spelling & punctuation, clarity of expression & proper referencing.

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages