What is budgeting for resort facilities? explain with examples as it relates to St. Kitts Marriott resort
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What is budgeting for resort facilities? explain with examples as it relates to St. Kitts Marriott resort
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- Explain the concept of SWOT analysis in minimum 1125 signsList the importance of budgeting for resort facilities ? Explain the importance of complying with international standard when budgeting for resort facilities.List the four functions of management. Explain what type of cost management information isappropriate for each.
- How does the master budget for a service company differ from a master budget for a manufacturing company? Which (if any) operating budgets differ and how, specifically, do they differ? Which (if any) financial budgets differ and how, specifically, do they differ?Mavis and John have joined forces to start M&J Food Products, a processor of packaged shredded lettuce for institutional use. John has years of food processing experience, and Mavis has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed cost of $50,000and a variable cost of $2.50 per bag. They expect to sell 75,000 bags of lettuce per month. They expect to sell the shredded lettuce for $3.25 per 5-pound bag. John and Mavis has been contacted by a vendor to consider a more mechanized process. This new process will have monthly fixed cost of $125,000 per month with a variable cost of $1.75 per bag. Based on the above scenario: Should…What are the steps of the factor-rating method?
- During the economic downturn arising from the COVID -19 pandemic in South Africa the government created the Covid-19 Loan Guarantee Scheme which provided loans, substantially guaranteed by government, to eligible businesses to assist them Funds borrowed from this scheme, through the banking industry, can be used for operational expenses, such as salaries, rent and lease agreements and contracts with suppliers. The scheme however has not been as great a success as had been envisaged. a) Describe how the scheme works; b) Analyse the reasons why the uptake has been so poor; c) Identify the losses which are being guaranteed by government; and d) Propose changes which could be introduced to improve the scheme.What is the difference between strategic business planning and sales and operations planning (SOP)? What are the major benefits of SOP?Perform cost-benefit analysis and describewhat is meant by the time value of money,present value, discount rate, net present value,return on investment, and break-even analysis.