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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- Contrast the disadvantages of top down budgeting and bottom - up budgeting.Contingency plans usually cover three areas. Namely, (a) Start up programme. (b)Operational programme, (c) Market Analysis programme. Describe in full details, Operational and Market Analysis programmeElaine wants to invest in a company, what financial statement should she will check first? Income statement, balance sheet, change of owner's equity, statement of cash flow
- Briefly discuss the advantages and disadvantages of planning strategies. Vary the size of the workforce to correspond to predicted changes in demand requirements.A scheduling and planning control system has the function of having a vital role in the long-term planning process explain?Please solve this. Mega Empire Bhd. is in the inital stages of preparing the annual budget for next year. Danial, has recently joined the company as management accountant and is interested to learn as much as possible about the company’s budgeting process. After the recent meeting with the Sales Manager who is Zack and Aaron as the Production Manager, Danial initiated the following conversation. Danial: Since I am new around here and I am going to be involved with the preparation of the annual budget. I’d be interested to learn how the two of you estimate sales and production numbers. Zack: We start out very methodically by looking at recent history, discussing what we know about current accounts, potential customers, and the general state of consumer spending. Then we add the usual dose of intuition to come up with the best forecast we can. Aaron: I usually take the sales projections as a basis for my projections. Of course we have to make estimate of what this year’s ending…
- Why is earned value management (EVM) underutilised? Explain how it may be used to track spending and project success. What are some general rules for assessing cost variation, schedule variance, cost performance index, and schedule performance index figures?Please provide the relationship between Operations Plan and Finance Plan, and provide a few examples.1. The key to effective cost control is to analyse cost performance on a regular and timely basis.In light of the statement above, discuss the involvement of cost control in managing a budget in a project.
- Use the percentage method of income tax calculation to complete the payroll roster (in $). David Grange is married and claims 4 withholding allowances. If he is paid biweekly and earns $1,844 per period, use the percentage method to find his income tax withholding each pay period.As a portfolio manager, you would be responsible for managingDetermine an overall benefits budget for “The Office Place” and components that can be recommended for employee base. express the budget in percentages, including the various components that will make up your benefit package. For example, a hypothetical benefits budget is 25% of the total employee payroll and the breakdown is: 10% health insurance, 5% for dental insurance, etc. What would be justification and comparative data to support and validate the recommendations for the benefit package. include both mandatory and voluntary benefits. The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail “face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Their strategy and mission is to sell their products at a deeply discounted price, while providing the best customer service experience possible. This strategy is primarily based on industry research showing that there is a growing dissatisfaction…