Final-Report-BUS201.Boutique-Hotel bluemountain 代写

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  • Final-Report-BUS201.Boutique-Hotel bluemountain 代写

    As a future leader in Hospitality and Tourism, you will frequently use management accounting to make better business decisions. Investors and creditors frequently use CVP Analysis to screen business plans by evaluating a firm’s cost structure and sales volume needed to generate profit. Suppose you are planning to open a new “Boutique Hotel” accommodation space in New South Wales with 30 Deluxe Rooms and 50 Standard Rooms serving breakfast only. Determine all relevant financial data then prepare a CVP analysis and Budget. The group report gives you an opportunity to work with a team of your peers and investigate a topic that is of significant importance to the hotel sector.
     
    1. Identify your location and customer segment. In one (1) paragraph, explain how you will attract your customer segment to your hotel location in high, shoulder and low seasons. Provide a sample photo of your Deluxe Room and Standard Room to explain why these types of furnishings will attract your customer segment (reference your photos).

    Final-Report-BUS201.Boutique-Hotel bluemountain 代写
    2. Use the Balanced Score Card (BSC) performance management approach to provide two (2) key business targets in all four (4) areas for 2018 in a BSC table. Justify your choices by research and analysis in one (1) paragraph, including an analysis of the management of all Triple Bottom Line initiatives.
    3. Prepare a Sales budget, Direct Materials budget, Direct Labour budget, Overhead budget, Selling expenses budget and Administration expenses budget from January 1 2018 to December 31 2018. Evaluate these six (6) budgets with one (1) paragraph for each budget to explain your decision-making choices.
    4. Evaluate the Weighted Average Contribution Margin (WACM) and Contribution Margin Ratio (CMR) in one (1) paragraph by explaining how to use these measures for better business decision-making.

    Final-Report-BUS201.Boutique-Hotel bluemountain 代写
    5. Evaluate the sales volume in units and sales dollars at breakeven point in one (1) paragraph by explaining how to use these measures for better business decisionmaking.
    6. Evaluate Operating Leverage and Safety Margin in one (1) paragraph by explaining what this means in terms of the risk of your business if your sales in 2019 is estimated to go up or down by 10%.
    7. Evaluate how your hotel can make better business decisions in 2019 in terms of Planet, People and Profits in three (3) paragraphs. Make specific recommendations to proposed investors for the next steps to progress the business concept in 2019. Carefully explain how your business will be better in 2019 compared with your 2018 plan. In this section of the Report, as a team, explain how you are making better business decisions to improve the company in terms of your 2019 Triple Bottom Line outcomes

    Final-Report-BUS201.Boutique-Hotel bluemountain 代写