The Anonymous Hotel Company Ltd - Alfonso Ortega - Business Assignment Help

Assignment Task:

Task 1 - Identify any concerns in the bars and food outlets and explain how they     may have arisen, and how to resolve them. [approximate 300 words]          
Use a number of tools to analyse a given business’ performance to include basic sales, liquidity, efficiency and financial ratios.

Task 2 - Alfonso Ortega thinks that a member of staff is stealing cash from the business. Draw up the control measures that should be used to see if any cash is being stolen, and to help in identifying the thief. [approximate 300 words]                                                            

Describe the elements of cost found within the tourism and hospitality industry. 

Describe some of the key aspects of effective control systems for high value assets.

Task 3 - Produce a budget for the next three months for the Buffalo Restaurant showing how you would improve the business. [approximate 250 words]                                                            

Explain the main reasons for using budgets, and some of their limitations.  

Prepare relevant operating budgets. 

Calculate variances between given actual and budgeted figures and comment on the results.

Task 4 - Explain the uses and limitations of budgets in a way which will enable you to convince Alfonso Ortega to adopt them. [approximate 400 words]                                                            

Explain the main reasons for using budgets, and some of their limitations.  

Prepare relevant operating budgets. 

Calculate variances between given actual and budgeted figures and comment on the results.

Task 5 - Explain what each of the three elements of cost covers, and how these may be controlled.
[approximate 300 words]                                                            

Describe the elements of cost found within the tourism and hospitality industry. 

Describe some of the key aspects of effective control systems for high value assets.

Task 6 - It is three years since any of the Food and Beverage outlets have been decorated and they are starting to look shabby. The General Manager has been given an estimate of £250,000 to redecorate them.  He has told you he plans to finance this by paying creditors late and using an overdraft. What would you advise him to do? [approximate 300 words]                                                           

Describe sources of income generation.

Describe sources of funding

Task 7 - A local tour operator would like to use The Smiling Gecko as a lunch stop on its city tour. This would be an extra 20 covers a day on average on Wednesdays. She is offering to pay £15 a head for this. Would you accept the offer? Explain your answer [approximate 200 words]  

Identify operations when this is a useful tool.

Calculate marginal costs and apply the result to pricing decisions.

Task 8 - Analyse the Anonymous Hotel Company Ltd overall results using recognised accounting tools. [approximate 200 words]  

Use a number of tools to analyse a given business’ performance to include basic sales, liquidity, efficiency and financial ratios.

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