06NL assignment
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General information on the assignment
The group assignment has 3 parts. Be sure to work on this assignment seriously. Do not postpone this till after the final: start working on this already during the game week!
Please fill the answers out in your explanations form: there is room for this at the end of the document. If, by instruction or own choice , you make the assignment on a tab in your teamsheet, be sure to put the link in the proper section at the end of your Explanations Form.
This assignment will get evaluated and has a 50% weight on your final mark. Be sure to write specific, in a business-style and give your sources. For any questions on this you can consult your lecturers on financial management: Arion van Ingen and Joyce Krielen. An indication is to have 2 pages on each of the 3 parts, so all together 6 pages of real content.
Be clear and detailed
For all of the numbers give all of the calculations, explain all of your choices, why did you do it this way, way did you choose these figures, what is the relevance of the outcome, look at a benchmark (compare it to other figures to explain the relevance of the outcome). Give your sources(! with their links)for all calculations and figures.
Mind the notation of the figures: use € and 1.000 or 1,000 etc. in the proper way. Round up if necessarily: it's up to you to decide on this, this also shows that you understand the relevance of any outcome! Do this for all three parts and sub parts. Write in a concrete and clear way to show knowledge of the subject.
Dutch
As we want you to show your financial knowledge linked to the courses you have had in Breda, you can make the assignment in Dutch.
Handing in
The deadline is Friday the 16th of May at 15.00: this means you are no longer allowed to work in the files after 15.00; so don't. All changes and times they are done are automatically registered by Google, and working after the deadline is considered to be fraud... You will use your explanations form (last part) to answer all of the questions below. You will find these questions in there as well. Using a combination with an additional tab in your teamsheet.
Starting asap with this assignment is recommended, though in week 20 there is specific time to focus on this.
1. Interesting numbers
- calculate for all four years the number of guests-nights in weekend and during the week. Check the general Occupancy_rate and persons per Rooms on your hotels teamsheet.
- Please comment on the developments in these numbers.
- calculate for all four years the average F&B-turnover per present person in weekend, during the week, and in total.
- Please comment on the developments in these numbers.
- think of two more interesting ratios of numbers yourself and indicate why you chose those two. Calculate them for all four years.
- Please comment on the developments in these numbers.
2. Other ratios
Look for ratios which can be taken from your hotel results over the years and check for developments in them.
- calculate the fixed costs per room per day in all four years.
- Please comment on the developments in these numbers.
- calculate the fixed cost per occupied room per day.
- Please comment on the developments in these numbers.
- Calculate out of the total revenues, the revenue per room in the weekend and weekdays during each of the four years. Use the system of integral and differential cost price.
- Please comment on the developments in these numbers.
- Calculate out of the total net profit the average net profit per occupied room per day in each of the four years.
- Please comment on the developments in these numbers.
- Calculate out of the total net profit the average net profit related to all of the rooms per day in each of the four years.
- Please comment on the developments in these numbers.
3. Further Instructions and Recommendations
Use suitable literature or websites to prepare and analyze the results, including managerial and financial accounting textbooks. Give all sources give the links)! Try to find benchmarks for a real hotel like the Emerald Forest in the Netherlands . Then reflect on :
- sales prices of your hotel and match that with real figures in the market.
- Please comment on the developments in these numbers.
- occupancy rates of your hotel and match that with real figures in the market.
- Please comment on the developments in these numbers.
- the net profit of your hotel and match that with real figures in the market.
- Please comment on the developments in these numbers.
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