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Finance and Funding in the Travel and Tourism - Assignment

   

Added on  2021-01-02

15 Pages3912 Words107 Views
Finance and Funding in theTravel and TourismSector
Finance and Funding in the Travel and Tourism - Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.1. Concept of CVP..................................................................................................................1P 1.2. Analysis of pricing method................................................................................................2M1 Analyses of suitable Pricing method.....................................................................................3P 1.3. Factors that have impact on profit.....................................................................................3D1. Desire profit..........................................................................................................................4TASK 2............................................................................................................................................5P 2.1 Various types of management accounting information......................................................5M2. Variance analysis aid in improving the performance of company.......................................62.2 Investment appraisal techniques............................................................................................6TASK 3............................................................................................................................................7P3.1 Financial statements of travel and tourism company..........................................................7M3. Appropriate Management Approaches.................................................................................8D2. Whether the company is financially stable in the long term on the basis of ratios...............8TASK 4............................................................................................................................................9P 4.1 Different sources of funding for development of new hotel...............................................9CONCLUSION..............................................................................................................................10REFERENCES................................................................................................................................1APPENDIX......................................................................................................................................3
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INTRODUCTIONIn present era, every sector require fund and ways to utilise those funds that help inexecution of different business operation (Lu and Yu, 2014). Financing or funding is related todelivering of funds or money that help in performing business activities, making investment orpurchase something. In travel and tourism industry companies require fund to run their dailyactivities and execute their existing services. To better understand the concept in context oftravel and tourism industry the EUROCARIB Tours is selected. It is located in London that isfocusing on Caribbean holidays. In this assignment, the concept of CVP analysis is explained, pricing method is discussedfor selected company and factors that affect the profit of company. Report shows variousmanagement accounting information and a ranges of investment techniques that help inimproving performance. Ratios for profitability, liquidity and investment have been discussed.The report discuss sources and distribution of funding that help in development of new hotel. TASK 1P1.1. Concept of CVP.CVP (cost volume profit) is defined as the process of analysing cost at different level thatmight have impact on the volume of operating revenues of EUROCARIB. This approach alsohelp to ascertain the BEP (Break even point) for different cost structure and sales volume. Itdeals with the impacts on operating income due to changes in fixed costs and variable costs ofsales mix of two products and selling price of unit. CVP concept have certain assumption madeinside this operation such sales price per unit is unvarying. For example BEVSales 700000Fixed cost 120000Contribution 450000BEP0.21
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