Allocation of financial resources, Finance Basics

Assignment Help:

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

 

 

 


Related Discussions:- Allocation of financial resources

Creditors trade - measuring business performance, Creditors Trade - Measuri...

Creditors Trade - Measuring Business Performance Creditors Trade These are interested in the company's capability to meet their short-term obligations as and whenever the

Credit Limit, Suggestion regarding Credit limit. Should it be approved or n...

Suggestion regarding Credit limit. Should it be approved or not, what should be the amount of credit limit that electronics give to Booth Plastics.

Tarniwala and dealer in non-cleared securities, Tarniwala and Dealer in N...

Tarniwala and Dealer in Non-cleared Securities Tarniwala: He/she is a specialist or jobber in selected shares. He/she makes market i.e. provide continuity to dealings. They

Advances, advances from foreigners

advances from foreigners

Plastic money or credit card finance, Plastic Money or Credit Card Finance ...

Plastic Money or Credit Card Finance This is finance of a kind whereby a company will make arrangements for the use of the services of credit card organizations via the purcha

Revenue Reserves - Retained Earnings, Revenue Reserves - Retained Earnings ...

Revenue Reserves - Retained Earnings These are undistributed earnings.  Those reserves are retained for the given reasons like: A. To create up for the fall in profits so a

What are the significant points of fiscal policy, What are the significant ...

What are the significant points of Fiscal Policy? Significant points of Fiscal Policy: a. Meaning of fiscal policy and why this is an significant tool into managing economic

Importance of working capital management, Importance of Working Capital Man...

Importance of Working Capital Management The finance manager must understand the management of working capital since of the following purpose: a) Time devoted to working c

Holding company, Holding Company Such holds more than a half of the eq...

Holding Company Such holds more than a half of the equity share capital of other company or is a member and or controls a big percentage of Directors of the Board of one or mo

Write Your Message!

Captcha
Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd