Allocation of financial resources, Finance Basics

Allocation of financial resources to the different department can be done based on the past experience of the expenses and other available relevant information. Looking at the requirement of the organization, I find that the budget should be allocated for Payroll Payment and other employee payments, for purchase of food and beverages, for housekeeping and related purchases and utilities (operating expenses) for the rooms, restaurants and banquets and other general and administrative expenses. The allocated budget is as below:-


2012 E

2011

2010

Remark

Revenue




 

Rooms, Restaurants and Other services

1312

1093

920

Increase by 20%

Food & Beverages

667

580

489

Increase by 15%

Other Income

50

51

111

In line with 2011

Total Income

2029

1724

1520

 

Expenses




 

Food and Beverages Cost

156

136

113

23.45% of sales value

Employee Payment

478

416

360

Increase by 15%

Other Operating Expenses

374

325

269

Increase by 15%

General Expenses

406

387

361

Increase by 5%

Total Expenses

1415

1264

1103

 

 

 

Posted Date: 3/9/2013 1:01:18 AM | Location : United States







Related Discussions:- Allocation of financial resources, Assignment Help, Ask Question on Allocation of financial resources, Get Answer, Expert's Help, Allocation of financial resources Discussions

Write discussion on Allocation of financial resources
Your posts are moderated
Related Questions
Inventory Management - Supply Chain Management Determination of the best ordering policy in a manufacturing organisation In a manufacturing organisation, procurement may ha

Require  the relevant authoritative literature on the lower- of- cost- or- market rule for valuing inventory using the FASB's Codification Research System. Clarify the circumstance

The Genesis operations management team, nearing completion of its agreement with Sensible Essentials, was asked by senior management to present a capital plan for the operating exp

1. Suppose company A expects to increase unit sales of i-phone by 15% per year for the next 5 years. If you currently sell 3 million i-phones in one year, how many phones do you ex

Comparison to a Competing Firm In Mergent Horizon, return to the competitor page, but now enter the list of competitors "As Defined by the Company."  From this list select a f

Tank Industries Washers decides to pay the following dividends over the next four years: $2.50, $3.20, $4.75 and $5.20 respectively (starting at time 1). a.    After year 4, the

1.  Determine what is the future value of $20 a week for 10 (ten) years at 6 percent interest? Assume the first payment takes place at the end of this week. 2.  Kristina started

Financial Forecasting Financial forecasting refers to determination of the firm of financial requirements in advance. Financial forecasting is needs financial planning using b

Your boss has worked in banking for many years, and has specialised during his career in lending to large and medium-sized companies. He must attend a meeting in a few days' time t

Use the concepts of marginal cost and marginal revenue to derive an optimal capital budget for Company X, which has identified 7 possible investment projects and determined its cos