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Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector

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Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business industry 1 P1.2 Contribution towards different methods of income generation 2 TASK 22 P2.1 Explaining the elements of cost, gross profit percentage and selling prices for goods and services 2 P2.2 Assessing methods of controlling stock and cash 3 TASK 34 P3.1 3.2 Assessing structure of trial balance and evaluating business accounts 4 P3.3 3.4 Discussing purpose and process of budgetary control in the firm

Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector

   Added on 2021-01-01

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Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.1 Sources of funds which are available to service and business industry.........................1P1.2 Contribution towards different methods of income generation.....................................2TASK 2............................................................................................................................................2P2.1 Explaining the elements of cost, gross profit percentage and selling prices for goods andservices...................................................................................................................................2P2.2 Assessing methods of controlling stock and cash..........................................................3TASK 3............................................................................................................................................4P3.1 3.2 Assessing structure of trial balance and evaluating business accounts....................4P3.3 3.4 Discussing purpose and process of budgetary control in the firm and analysingbudgetary variances................................................................................................................5TASK 4............................................................................................................................................8P4.1 Calculation of financial ratios for the organization........................................................8P4.2 Recommendation for future management strategies to improve performance oforganization............................................................................................................................8TASK 5............................................................................................................................................8P5.1 Categorizing cost as variable, fixed and semi-variable of the company........................8P5.2 Calculating per product contributions and explaining relationship between cost/profit andvolume....................................................................................................................................9P5.3 Use and significance of Break-Even analysis for taking short-term decision..............10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector_2
INTRODUCTIONFinance is very important in every industry especially in service sector and in thebusiness of hospitality it has a lead role in creating revenue. In the present report there is briefdiscussion about Belgravia Hotel and its sources of finance which are available to business andindustries with the major contribution of different methods for generating income. The businesshas been understood with the perspective of different elements of cost and methods forcontrolling cash and stock in the business. The report is giving discussion about various sourcesand structure of trial balance with the proper evaluation of business accounts, notes and itsadjustments. Along with this, objective of budgetary control and its variances are elaborated.Ratio analysis is the best possible way for analyzing the financial performance of theorganization and even the concept of marginal costing has been applied.TASK 1P1.1 Sources of funds which are available to service and business industryFor pertaining the financial requirement of business, there are different sources which areavailable and they are classified in two categories that is internal sources of finance and externalsources of finance. Both the sources of funds are giving great advantage for accomplishing theBelgravia hotel's capital requirement. In the same series internal sources are:Operating activities : It consists of various operational efforts like manufacturing theproducts and services and how they are deal in the market. In the industry of hospitality itis the most important aspect related to market and they have to work on the servicesrelated to sale among each and every customers. The margin which is generated whileserving consumers it will be giving huge advantage for achieving satisfied amount ofprofit (Quintana-García, Marchante-Lara and Benavides-Chicón, 2018).Owner's equity : It is considered as a very satisfactory and convenient source offinancing as it is not required for drafting return in capital which has been generated. Thepartners and business owners of the organization will uplift all the personal savingsrelated to business operations which are very effective and initial source for collectingamount of finance in every activity. The Belgravia hotel will be leading great growth incapital structure if savings of owners and directors will be used in operational practices.External sources of finance1
Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector_3
Shareholder's equity : There funds helps the business for selling the equity ownershipof business in the present market. It has been recommended that Belgravia hotel shouldperform the specific disclosure of the financial data base of their own organization whichwill be attracting all the investors for pertaining interest to invest in their equity. Theymay draft attractive dividend policies which will satisfy the investors for making trustand loyalty with the perspective of business.Bank loan : It is refereed as borrowings which can be granted through several financialinstitutions and banks against any assets or property of the organization. In the presentera, Belgravia hotel will gain specific amount of loans from financial institution and howthe interest payment will be paid at which duration.P1.2 Contribution towards different methods of income generationFor attaining the activities related to business in that manner then sources of income willbe very beneficial to Belgravia hotels. There is need of sources of funds because they help inearning extra income and it might be generated in the best possible way. The best quality of foodhas been given by hotel in very effective manner and along with this, rooms with high end forenhancing the satisfaction of customer very effectually (Denizci Guillet and Mohammed, 2015).Their income will be enhanced and even sales will be maximised by giving various offers whichattracts the consumers in the best possible manner and along with this, discounts will be superadvantage to consumer. These both factors are mailed to each and every customer in veryeffective manner. The consumers will be given new offers and technology has also helped theindustry for performing business in innovative way. The promotional tool is also implied that iscontests, social media and networking websites are also giving advantage for generating incomewith so much ease.TASK 2P2.1 Explaining the elements of cost, gross profit percentage and selling prices for goods andservicesThe Belgravia hotel incurs different cost like labour, material and overheads for settingup the selling price of the goods in very effective manner. The main cost of hotel is considered asmaterial cost that is ingredients which are applied in flour for making bread. On its contrarywages, salaries and bonus are considered as labour cost. There is presence of indirect expenditure2
Project TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1.1 Sources of funds which are available to service and business sector_4

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