Financial Management for Hotel Industry

Financial Management for Hotel
Industry

TABLE OF CONTENTS
TASK 1............................................................................................................................................1
Cash budget for Cardiff Central Hotel for January to June ........................................................1
TASK 2............................................................................................................................................3
Profit Budget of Hotel for six months..........................................................................................3

TASK 1
Cash budget for Cardiff Central Hotel for January to June
Jan February March April May June
£ £ £ £ £ £
Receipts :
Collection from Room
Sales 1,22,625 1,26,925 1,34,750 1,43,575 1,47,125 1,67,500
Food & Beverage 44,500 40,100 43,300 42,600 40,200 36,500
Rent 950 950 950 950 950 950
Commission 25 55 20 15 10 40
Total Receipts 1,68,100 1,68,030 1,79,020 1,87,140 1,88,285 2,04,990
Payments :
Laundry 6,250 6,250 6,250 6,250 6,250 6,250
Printing and stationary 2,000 2,000 2,000 2,000 2,900 2,000
Toiletries 46,000
Salaries 1,10,000
Wages 11,667 11,667 11,667 11,667 11,667 11,667
Marketing cost 60,000
Payment to suppliers 0 2,000 12,300 2,000 16,400 2,000
Van 28,000
Petrol and diesel 1,000 1,000 1,000 1,000 1,000 1,000
Restaurant Improve-
ments 8,800 22,000
General Maintenance 5,000 5,000 5,000 5,000 5,000 5,000
Lighting & heating 27,500 27,500
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