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Intro to Finance: Budget - Assignment Example

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Intro to Finance: Budget

The hotel will be located in the mid of the city with high class interior and high class amenities to cater services to international tourists. The hotel will be one of its kinds in the city and will be the centre of attraction due to the facilities it provides to the local and international guests. The hotel will also include the cultural touch of he city and provides ethnic services. The size of the hotel is moderate and has 50 rooms to accommodate the guests (O'Fallon and Rutherford, 2010). The hotel has a large area and garden place for providing the guests with an excellent view of the city. The ownership of the hotel is in single hands and the owner holds the hundred percent shares of the hotel. The funding for opening the hotel will be done by the way of bank long term loans and with an initial investment by the owner. There is a capital investment of 2.5 lakh dollars in all combining the bank loan of 1.5 lakh and 1 lakh dollars of capital investment by the owner (Bardi, 2010). ...
he equipments for operating the hotel business, this may includes the bar refrigerators, garbage cans, ovens, freezers, sandwich boards, microwave and so on. There is also an expenditure on furniture this includes the expenditure on sofas, bar tools, cocktail tables etc. the expenditure of fixtures can also be justifies as the expenditure on lighting fixtures, track lights and kitchen fixtures are among these expenses (Bardi, 2010). There are also expenditure of the capital on the construction activities

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these expenses includes the expenditure on carpentry, plumbing of the sanitary fittings, the electrical work of the whole hotel, the finishes of the whole hotel and accessories and kitchen ceilings etc. The opening budget or expenditure also includes the expenditure on opening inventory this includes food, beer, wine, spirits etc. there are other expenditures also like the expenditure on security and phones, expenditure on opening party and media launch, insurance deposits and so on (O'Fallon and Rutherford, 2010). Looking at the budgeted Profit and loss statement it can be justified that the operations of the hotel business is divided into different departments and the profitability and expenses are different for different departments. So the profitability and expenditure of each department has been budget for the hotel organization. The revenue of the hotel business is divided into the revenues from rooms, F&B department, Telephone, Parking and other services. The expenses for all these departments have also been shown in order to arrive at the profitability. All these data can be justified as the hotel business has the maximum revenue from the accommodating the rooms of the hotel and the second most profitable department of the business is the F&B department which

Summary

University | Word Limit: 750 Date: 7 May 2012 Budget Candidate Statement I hereby declare that this assignment is my own work and any use of materials from other sources has been referenced accordingly. Candidate Signature: Date: Tutor Statement I hereby confirm that this assignment, to the best of my knowledge, is the candidates own work and they have not collaborated in the production of this assignment with any other person…
Author : tkoss
Intro to Finance: Budget essay example
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