Accounting Question

Business Finance

Accounting

univesity of queensland

Question Description

Monday, 8th February 2021 at 11 am Sydney time (2.5 hrs)

I have attached some PPts content, aafter hired will give u acess to the student accountand study

  • MCQ: All chapters
  • Short-answer questions: Chapters 9, 10, 7, 12, 16 &14
  • Review the assessment folder and the revision lecture slides for more information.

Unformatted Attachment Preview

3214THS Financial Management for Tourism and Hotels Financial Accounting 1. Lecture Chapter 1 Today Use of Accounting for Hospitality & Tourism 2. Lecture Chapter 2 Understanding Financial Statements 3. Lecture Chapter 5 Strategic Analysis of Hotel Financial Performance Management Accounting 4. Lecture Chapter 11 Internal Performance Measures 5. Lecture Interactive Case Study Discussion 6. Lecture 7. Lecture 8. Lecture 9. Lecture 10. Lecture 11. Lecture Chapter Chapter Chapter Chapter Chapter Chapter 6&9 9 & 13 10 7 12 &16 14 Responsibility Accounting & Internal Control Forecasting & Budgeting Flexible Budgeting & Variance Analysis Cost Management Issues in T & H Pricing & Revenue Management Capital Budgeting & Financial Management 12. Revision Lecture 1 Overview Financial Statement Analysis ➢ Refresher: Financial Statements ➢Benchmarks in ratio analysis ➢ Ratio analysis 1. Profitability analysis 2. Short-term financial stability (Liquidity) 3. Long-term financial stability ➢ Operational analysis 1. Rooms related measures 2. Restaurant related measures 2 Refresher on Financial Statements Income Statement & Balance Sheet BLUE Heaven Group Ltd. Financial Performance for the year ending 31. Dec Revenue Room Food & Beverage Total Operating Revenue 2017 $ 4,764 4,707 9,471 2016 $ 4,064 3,958 8,022 BLUE Heaven Group Ltd. Financial Position as at 31st Dec. of the year 2017 $ 5,352 2016 $ 2,426 2015 $ 1,639 389 317 203 Inventories Total Current Assets Net Property & Equipment TOTAL ASSETS Current Liabilities Accounts Payable Income Tax Payable Current Maturity of Long-term Debt Total Current Liabilities Long Term Debt TOTAL LIABILITIES Owners' Equity Share Capital Retained Earnings Owners' Equity 50 5,791 8,027 13,818 44 2,787 8,875 11,662 30 1,872 8,331 10,203 799 780 178 1,757 890 2,647 874 315 1,189 1,891 3,080 616 187 803 1,312 2,115 8,950 368 8,582 8,950 861 8,089 TOTAL LIABILITIES & OWNERS' EQUITY 13,818 Current Assets Cash at Bank Accounts Receivable Departmental Expenses Rooms (Wages) Food & Beverage Cost of Food & Bev sales Labour Total Departmental Expenses Total Departmental Profit Undistributed operating expense Administrative & General Sales & Marketing Property Operation & Maintenance Utilities Bank Charges Depreciation Total undistributed expense Operating Profit (EBIT) Interest Expense Earnings before Income Taxes Income Taxes (30%) Net Income 1,935 1,632 1,499 583 4,017 5,454 1,340 521 3,493 4,529 403 456 596 475 38 847 2,815 2,639 57 2,582 780 1,802 374 390 1,613 422 31 891 3,721 808 109 699 210 489 8,950 2,221 11,171 11,662 10,204 3 How to make sense of the numbers? What story do they tell? 4 Financial Analysis Benchmarks for ratio analysis A ratio analysis conveys limited information unless they are put into some context. Ratio analyses are most usually conducted in the context of a comparison to one or more of the following four benchmarks: Trend analysis: The hotel’s ratios from prior years Budget related: Ratios that have been set as goals Intra-Company: Ratios achieved by other hotels (divisions) in the same company; Industry Averages: Ratios achieved by other hotels (peers) (Average ratios compiled by companies such as Dun and Bradstreet and the large accounting firms) 5 Financial Analysis Common-Size Analysis Vertical analysis: Reduce the income statement and balance sheet to a percentage Income Statement: Accounts in percentage of Total Revenue Balance Sheet: Accounts in percentage of Total Assets Financial Performance for the year ending 31. Dec Revenue Room Food & Beverage Total Operating Revenue Departmental Expenses Rooms (Wages) Food & Beverage Cost of Food & Bev sales Labour Total Departmental Expenses Total Departmental Profit Undistributed operating expense 2016 $ 4,064 3,958 8,022 1,632 1,340 521 3,493 4,529 2017 $ 4,764 4,707 9,471 50.30% = 4764 𝟗𝟒𝟕𝟏 49.70% = 4707 𝟗𝟒𝟕𝟏 100% 20.43% = 1,935 𝟗𝟒𝟕𝟏 15.83% = 1,499 𝟗𝟒𝟕𝟏 6.16% = 583 𝟗𝟒𝟕𝟏 57.59% = 5,454 𝟗𝟒𝟕𝟏 1,935 1,499 583 4,017 5,454 Administrative & General 374 403 Bank Charges Depreciation 31 891 38 847 42.41% = 4,017 𝟗𝟒𝟕𝟏 Horizontal analysis: Sales & Marketing 390 456 $ change and percentage change of two Property Operation & Maintenance 1,613 596 accounting periods (similar to the Utilities 422 475 trend analysis) 6 Financial Analysis Common-Size Analysis: Insights ➢ Rooms contribute almost the same revenue as beverage ➢ 42.41% of the total revenues were used to cover expenses. ➢ 57.59% of the total revenue 2017 is making the departmental profit 7 Ratio Analysis A worked Example Blue Heaven Group Ltd. ➢ Income Statement ➢ Balance Sheet 3 Perspectives of the hotel ➢ Profitability ➢ Short-term financial stability (Liquidity) ➢ Long-term financial stability (Leverage) 8 Blue Heaven Group Ltd Income Statement & Balance Sheet BLUE Heaven Group Ltd. Financial Performance for the year ending Revenue Room Food & Beverage Total Operating Revenue Departmental Expenses Rooms (Wages) Food & Beverage Cost of Food & Bev sales Labour Total Departmental Expenses Total Departmental Profit Undistributed operating expense Administrative & General Sales & Marketing Property Operation & Maintenance Utilities Bank Charges Depreciation Total undistributed expense Operating Profit (EBIT) Interest Expense Earnings before Income Taxes Income Taxes Net Income 2017 $ 4,764 4,707 9,471 1,935 1,499 583 4,017 5,454 403 456 596 475 38 847 2,815 2,639 57 2,582 780 1,802 BLUE Heaven Group Ltd. Financial Position as at 31st Dec. of the year 2017 $ 5,352 2016 $ 2,426 389 317 Inventories Total Current Assets Net Property & Equipment TOTAL ASSETS Current Liabilities Accounts Payable Income Tax Payable Current Maturity of Long-term Debt Total Current Liabilities Long Term Debt TOTAL LIABILITIES Owners' Equity Share Capital Retained Earnings Owners' Equity 50 5,791 8,027 13,818 44 2,787 8,875 11,662 799 780 178 1,757 890 2,647 874 315 1,189 1,891 3,080 8,950 2,221 11,171 8,950 368 8,582 TOTAL LIABILITIES & OWNERS' EQUITY 13,818 Current Assets Cash at Bank Accounts Receivable 11,662 9 T&H Industry & Accounting Information Need to manage fin. Resources What aspects is each stakeholder group interested in? …..Will they receive what they are owed? (Financial stability) Employees Lenders (Banks) Suppliers Managers Owners/ Shareholders …..does the business generate healthy profits (profitability)? 10 Blue Heaven Group Ltd Ratio Analysis: Different Aspects Creditors (suppliers, employees) Lenders (banks) Owner/ Shareholders Provide Capital Managers Managers’ and Owners’ perspective: Profitability Analysis Suppliers & Employees: Short-term Financial Stability (Liquidity) Lenders (Banks): Long-term Financial Stability (Liquidity) 11 Profitability Analysis Manager’s Perspective Manager: ➢ Manages the expectations of the lender and the owner (shareholder). ➢ BUT can only control the operating profit, which is used to appraise the management performance Question: How much operating profit can the manager generate using the assets of the business? Answer ROI from the manager’s perspective = ROA 𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝑎𝑠𝑠𝑒𝑡𝑠 (𝑅𝑂𝐴) = 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑃𝑟𝑜𝑓𝑖𝑡 (𝐸𝐵𝐼𝑇) 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠 (with decomposition) 12 Profitability Analysis Owners’/ Shareholders’ Perspective Owner/Shareholder/ Investor: ➢ Interests in maximum net profit for their equity in the business. ➢ Only has a claim on profits after all interest & tax expenses are paid Question: How efficient does the business generate net profit given the owner’s equity investment? Answer ROI from the owner's/ shareholder’s perspective = ROE 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 * 𝑹𝑒𝑡𝑢𝑟𝑛 𝒐𝑛 𝒆𝑞𝑢𝑖𝑡𝑦 𝑅𝑂𝐸 = (with decomposition) 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 *Note: The net income is usually profit available to shareholders incl. extraordinary item & preference dividend. 13 Financial Stability Suppliers’ & Employees’, Lenders’ Perspective Both stakeholder groups are interested in the business’ financial stability (ability to pay their obligations) Short-term Financial Stability (Liquidity) Suppliers & Employees: ➢ Only receives payments of wages and bills. Question: Can the business meet its shortterm obligations (current liabilities)? Answer Long-term Financial Stability (Leverage) Lenders (Banks): ➢ Only receives interest and repayments if the business is healthy. ➢ More debt => financial risk Question: Can the business service its longterm debt payments ,e.g. loan? Answer 1. 𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝑐𝑎𝑝𝑖𝑡𝑎𝑙 2. Current 𝑅𝑎𝑡𝑖𝑜 1. 𝐷𝑒𝑏𝑡 𝑡𝑜 𝐴𝑠𝑠𝑒𝑡 & Equity to Asset ratio 3. 𝐴𝑐𝑖𝑑 𝑇𝑒𝑠𝑡 𝑟𝑎𝑡𝑖𝑜 2. Debt to Equity Ratio 3. Times-interest Earned ratio 14 Profitability Analysis (Shareholders’) DuPont Decomposition The basic computation of ROI: 𝑅𝑂𝐸 = 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 = 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 1,802 (8,582+11,171)/2 = 0.1825 (18.25%) 1. Step Decomposition of the ROE in: ➢Return on assets (ROA) ➢Equity multiplier (EM) 𝑅𝑂𝐸 = 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦 = 𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠 1,802 (11,662 + 13,818)/2 x x Total undistributed expense 2,815 Inventories 50 44 BLUE Heaven Group Ltd. Total Current Assets 5,791 2,787 Operating Profit (EBIT) 2,639 Financial Performance for the year ending Net Property & Equipment 8,027 8,875 Interest Expense 57 TOTAL ASSETS 13,818 11,662 2017 Earnings before Income Taxes 2,582 Current Liabilities Revenue $ Income Taxes 780 Accounts Payable 799 874 Room 4,764 Net Income 1,802 Income Tax Payable 780 Food & Beverage 4,707Current Maturity of Long-term Debt 178 315 Total Operating Revenue 9,471 BLUE Heaven Group Ltd. 1,757 Total Current Liabilities 1,189 Financial Long Term Debt Position as at 31st Dec. of the 890 year 1,891 Departmental Expenses 2017 2016 TOTAL LIABILITIES 2,647 3,080 Current Assets $ $ Rooms (Wages) 1,935 Owners' Equity Cash at Bank 5,352 2,426 FoodCapital & Beverage Share 8,950 8,950 Accounts Receivable 389 317 1,499 Retained Earnings Cost of Food & Bev sales 2,221 368 Inventories 50 44 Owners' Equity 11,171 8,582 Labour 583 Total Current Assets 5,791 Total Departmental Expenses Net Property & Equipment 8,027 TOTAL LIABILITIES & OWNERS' EQUITY 13,818 TOTAL ASSETS 13,818 Total Departmental Profit Current Liabilities Undistributed operating expense Accounts Payable 799 Administrative & General Income Tax Payable 780 Sales & Marketing Current Maturity 178 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑡𝑜𝑡𝑎𝑙of Long-term 𝑎𝑠𝑠𝑒𝑡𝑠Debt = 18.25% Total CurrentOperation Liabilities & Maintenance 1,757 Property 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑡𝑜𝑡𝑎𝑙 𝑒𝑞𝑢𝑖𝑡𝑦 Long Term Debt 890 Utilities TOTAL LIABILITIES 2,647 Bank Charges Owners' Equity Depreciation Share Capital 8,950 Total undistributed expense Retained Earnings 2,221 (11,662 + 13,818)/2 Owners' Equity 11,171 Operating Profit (EBIT) (8,582 + 11,171)/2 TOTAL LIABILITIES & OWNERS' EQUITY Interest Expense 𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 (𝑅𝑂𝐴)= 14.14% Profitability Earnings before Income Taxes Income Taxes 𝐸𝑞𝑢𝑖𝑡𝑦 𝑀𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟 Net Income 13,818 𝐸𝑀 2,787 4,017 8,875 11,662 11,662 5,454 874 403 456 315 1,189 596 1,891 475 3,080 38 847 8,950 2,815 368 8,582 2,639 11,662 57 2,582 780 = 1.29 1,802 Long-term financial Stability 15 Profitability Analysis (Shareholder’s) DuPont Decomposition 2. Step Decomposition of the ROA in: ➢Profit margin ➢Total asset Turnover = 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 … 𝑅𝑂𝐴 = Food & Beverage Cost of Food & Bev sales 1,499 Labour 583 Total Departmental Expenses 4,017 Total Departmental Profit 5,454 Undistributed operating expense Administrative & General 403 BLUE Heaven Group Ltd. Sales & Marketing 456 Financial Performance for the year ending Property Operation & Maintenance 596 2017 Utilities 475 Revenue $ Bank Charges 38 Room 4,764 Depreciation 847 Food & Beverage 4,707 Total expense 2,815 Totalundistributed Operating Revenue 9,471 Operating Profit (EBIT) 2,639 Interest Expense 57 Departmental Expenses Earnings before Income Taxes 2,582 Rooms (Wages) 1,935 Income Taxes 780 Food & Beverage Net Income Cost of Food & Bev sales 1,802 1,499 𝑇𝑜𝑡𝑎𝑙 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 ∗ 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠 = 14.14% Labour 1,802 9,471 Net profit 𝑚𝑎𝑟𝑔𝑖𝑛 𝑁𝑃𝑀 = 19 .03% Net Profit Margin x 9,471 12,740 𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡 𝑡𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑇𝐴𝑇𝑂 = 0.74 𝑥 Efficiency (Turnover) Total Departmental Expenses Total Departmental Profit Group Ltd. BLUE Heaven Undistributed operating Financial Position as expense at 31st Dec. of the year Administrative & General 2017 Current $ SalesAssets & Marketing Cash at Bank 5,352 Property Operation & Maintenance Accounts 389 UtilitiesReceivable Inventories 50 Bank Charges Total Current Assets 5,791 Depreciation Net Property & Equipment 8,027 Total undistributed expense TOTAL ASSETS 13,818 Operating Profit (EBIT) Current Liabilities InterestPayable Expense Accounts 799 Earnings Income Taxbefore Payable Income Taxes 780 Current Maturity 178 Income Taxes of Long-term Debt 583 4,017 5,454 403 2016 $ 456 2,426 596 317 475 44 38 2,787 847 8,875 2,815 11,662 2,639 57 874 2,582 315 780 16 Profitability Analysis Profit Margin Analysis We can systematically move down the income statement picking up each level of profit in order to isolate any areas behind a change in profit margin. Anchor in Income Statement 1. Gross Profit Margin * 𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 𝑇𝑜𝑡𝑎𝑙 𝑠𝑎𝑙𝑒𝑠 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 (9,471 − 1,499) = = 84.17% 9,471 *Gross profit=Total Revenue- Cost of sales 2. Operating Profit Margin 𝐸𝐵𝐼𝑇 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 = 2,639 = 27.86% 9,471 3. Net Profit Margin 𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 = 1,802 = 19.03% 9,471 Note: A Net profit in an income statement can be broken down in more levels of profit (e.g., gross profit, EBIT, profit before tax, profit after tax, etc.). We can compute as many “profit margin ratios” as there are levels of profit reported in the income statement. BLUE Heaven Group Ltd. Financial Performance for the year ending Revenue Room Food & Beverage Total Operating Revenue Departmental Expenses Rooms (Wages) Food & Beverage Cost of Food & Bev sales Labour Total Departmental Expenses Total Departmental Profit Undistributed operating expense Administrative & General Sales & Marketing Property Operation & Maintenance Utilities Bank Charges Depreciation Total undistributed expense Operating Profit (EBIT) Interest Expense Earnings before Income Taxes Income Taxes Net Income 2017 $ 4,764 4,707 9,471 1,935 1,499 583 4,017 5,454 403 456 596 475 38 847 2,815 2,639 57 2,582 780 1,802 17 Profitability Analysis Asset Turnover Analysis Similar to the approach in the income statement, we can work through the balance sheet looking for that group of assets that lie behind a changed level of turnover. Consistent with the total asset turnover ratio computed above, for each particular asset turnover ratio we divide sales (or, in the case of stock, cost of sales) by the particular asset grouping under investigation. Each “turnover” ratio tells us how “hard” the particular asset has “worked” to generate sales. BLUE Heaven Group Ltd. For this reason, the turnover ratios Financial Position as at 31st Dec. of the year are frequently referred 2017 to as “efficiency” ratios. Current Assets $ Cash at Bank Widely computed “turnover” ratios include: Accounts Receivable Fixed assets Inventories Total Current Assets Net Property & Equipment TOTAL ASSETS Current Liabilities 5,352 2016 $ 2,426 389 317 50 5,791 8,027 13,818 44 2,787 8,875 11,662 18 Asset Turnover Analysis Accounts Receivable Turnover Accounts Receivable Turnover (TO) * 𝐶𝑟𝑒𝑑𝑖𝑡 𝑆𝑎𝑙𝑒𝑠 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑎𝑐𝑐𝑜𝑢𝑛𝑡𝑠 𝑟𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒 = 0.7 ∗ 9,471 6,629.7 = = 18.78𝑥 (317 + 389)/2 353 *Note: 70% of the revenue was made on credit BLUE Heaven Group Ltd. Financial Performance for the year ending 2017 $ 4,764 4,707 9,471 Revenue Room Food & Beverage Total Operating Revenue Departmental BLUE Expenses Heaven Group Ltd. Rooms (Wages) Financial Position as at 31st Dec. of the year Food & Beverage 2017 Cost of Food & Bev sales $ Current Assets Cash at Bank 5,352 Labour Accounts Receivable 389 Total Departmental Expenses Inventories 50 Total Departmental Profit Total Current Assets 5,791 Undistributed operating expense NetAdministrative Property & Equipment 8,027 & General TOTAL 13,818 SalesASSETS & Marketing Current Liabilities Property Operation & Maintenance Accounts Payable 799 Utilities Income Tax Payable 780 Bank Charges Current Maturity of Long-term Debt 178 Depreciation Total Current Liabilities 1,757 Total undistributed expense Long Term Debt 890 Operating Profit (EBIT) TOTAL LIABILITIES 2,647 Interest Owners' EquityExpense Earnings Share Capitalbefore Income Taxes 8,950 IncomeEarnings Taxes Retained 2,221 Net Income Owners' Equity 11,171 1,935 2016 1,499$ 2,426 583 317 4,017 44 5,454 2,787 8,875 403 11,662 456 596 874 475 38 315 847 1,189 2,815 1,891 2,639 3,080 57 2,582 8,950 780 368 1,802 8,582 Many managers find it difficult to conceptualise the meaning of the 18.78 computed above. For this reason the information is commonly converted into “number of days” as follows: 𝐷𝑎𝑦𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑦𝑒𝑎𝑟 𝐴𝑐𝑐𝑜𝑢𝑛𝑡𝑠 𝑟𝑒𝑐𝑒𝑖𝑣𝑎𝑏𝑙𝑒 𝑡𝑢𝑟𝑛𝑜𝑣𝑒𝑟 = 365 𝑑 = 19.43 𝑑𝑎𝑦𝑠 18.78 TOTAL LIABILITIES & OWNERS' EQUITY 13,818 11,662 19 Asset Turnover Analysis Inventory Turnover Inventory Turnover (TO) 𝐶𝑜𝑠𝑡 𝑜𝑓 𝑠𝑎𝑙𝑒𝑠 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑖𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 = 1,499 1,499 = = 31.89𝑥 (44 + 50)/2 47 Average number of days of inventory held 𝐷𝑎𝑦𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑦𝑒𝑎𝑟 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑡𝑢𝑟𝑛𝑜𝑣𝑒𝑟 = 365 𝑑 = 11.44 𝑑𝑎𝑦𝑠 31.89 BLUE Heaven Group Ltd. Financial Performance for the year ending 2017 $ 4,764 4,707 9,471 Revenue Room Food & Beverage Total Operating Revenue Departmental Expenses Rooms (Wages) Food & Beverage Cost of Food & Bev sales Labour Total Departmental Expenses Total Departmental Profit Undistributed operating expense BLUE Heaven Group Ltd. Administrative & General Financial Position as at 31st Dec. of the year Sales & Marketing 2017 Property Operation & Maintenance Current Assets $ Utilities Cash at Bank 5,352 Bank Receivable Charges Acc ...
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