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Accounting and Decision Making - Assignment

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Added on  2020-04-21

Accounting and Decision Making - Assignment

   Added on 2020-04-21

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RUNNING HEAD: Accounting and decision making1Project Report: Accounting and decision making
Accounting and Decision Making - Assignment_1
Accounting and decision making2Part-AQuestion 9.45 on the Dorquary Hotel Computation of the budgeted room revenue for three months Budget- Budgets are the calculations which are done by the organizations to analyze and evaluate therevenue and expenses of the company. In this case, budgeting reports have been prepared toanalyze the total revenue of the company in next 3 months. The below given tables depictabout the total revenue of the Dorquary hotel of January, February and March. Following aredetails of the rooms availability, occupancy and the rate:Rooms Available 20Rooms rate180Rooms occupancy90%In Jan,Rooms rate180+10%Rooms occupancy95%In Feb,Rooms rate180+10%Rooms occupancy85%
Accounting and Decision Making - Assignment_2
Accounting and decision making3Above given information depict about the future predictionabout the occupancy of thehotel rooms, rates in next 3 months and the availability of the rooms. Following are the calculations of the budgeted room revenue:Computation of budgeted room revenue Statement of budgeted room revenueDecJanFebRooms available202020Rooms occupancy90%95%85%Total used rooms (Roomsavailable * rooms occupancy)181917Room rate180198198Room revenue (total used room *rooms rate)324037623366Question 9.45 on the Dorquary Hotel (2)Determination of occupancy rate In this case, it has been analyzed that the Dorquary Hotel’s occupancy rate has beendetermined according to the holiday season and various other external sources and factorssuch as government policy, competition etc. further, it has been analyzed that themanagement of the company has enhanced its revenue in the holiday season. It has been
Accounting and Decision Making - Assignment_3
Accounting and decision making4evaluated that it becomes easy for the company to enhance the revenue in the peak seasonthrough enhancing the rates of the room. The peak season of the company is in December andJanuary in which the occupancy rate of the rooms of the company has been enhanced.Ideally, it has been found that the company must look over the factors and season beforemaking a decision about the performance and the position of the company.Following are some of the factors which must also be analyzed by the management of thecompany to make a better decision:Holiday seasonTourism policiesNew rules and technology implementationNew events in the area where it is situated Core competenciesNew servicesBrand imageClient oriented programmesStrategic alliances Cyber computing system
Accounting and Decision Making - Assignment_4

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