a) Calculate the absolute difference and relative difference from this data. Sales Food Beverage Total Absolute Relative
Question:
a) Calculate the absolute difference and relative difference from this data.
Transcribed Image Text:
Sales Food Beverage Total Absolute Relative Year 1 Year 2 difference difference % 678,950 787,582 378,450 280,053 1,057,400 1,067,635 b) Using the above example, explain why it is important to consider both the absolute and relative difference in such comparative statements. (6 marks) c) Identify and explain the usefulness of six industry specific ratios that could be used in evaluating a hotel's rooms division performance. (12 marks) BAHA Stage Three-Strategic Management Accounting Exam Paper July 2010
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Strategic Managerial Accounting: Hospitality, Tourism & Events Applications
ISBN: 1645
6th Edition
Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
Question Posted:
Students also viewed these Business questions
-
Algorithms in Artificial Intelligence (or, the old name: Introduction to Algorithmic Decision Making) Part 1 Based on slides by David Sarne and Lirong Xia Course Tentative Schedule Introduction...
-
The new line character is utilized solely as the last person in each message. On association with the server, a client can possibly (I) question the situation with a client by sending the client's...
-
Give Correct ANSWERS Human-Computer Interaction (a) If you had been one of the original inventors of the WIMP interface, and engineers on the technical team had been sceptical about the advantages...
-
Explain why a decline in investment spending caused by a change in business expectations leads to a fall in consumer spending.
-
V = 2.0 L, W = 0.5 L, = 5.0 mmol/L, c0 = 1.0 mmol/L (as in Exercise 13). Compute the equilibrium of the lungs discrete-time dynamical system and check that c* = .
-
Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. Last year, Darcy Roofing spent...
-
_________________ reserves allow for future situations that are unpredictable. a. Contingency b. Financial c. Management d. Baseline LO.1
-
Under what circumstances would you consider the use of terms that are high in connotative meaning to be ethical? When would you consider it to be unethical? Explain your reasoning.
-
Q16 Expected return on the market portfolio is 9.8% and the risk-free rate is 2.7%. A stock has an expected return of 6.9% and a beta of 0.96. What is the required return for this stock? 8.2% 8.6%...
-
From the extracts of data provided below for Easy Events, calculate the ratios the following ratios and explain what they reveal. a) ROCE b) Asset utilisation c) Net profit percentage d) Gross profit...
-
Which operational ratios are most commonly used in the hotel industry for external benchmarking?
-
Without consulting Table 2.5 arrange the following compounds in order of decreasing heat of combustion: pentane, isopentane, neopentane, hexane.
-
Global Operations Management is supported by Strategic Supply Chain Management in many ways. Elucidate the following; List and briefly define/describe the Five (5) Components of Strategic Supply...
-
The Alpine House, Inc. is a large winter sports equipment broker. Below is an income statement for the company's ski department for a recent quarter. LA CASA ALPINA, INC. Income Statement - Ski...
-
Two investment portfolios are shown. Investment Portfolio 1 Portfolio 2 ROR Savings Account $1,425 $4,500 2.80% Government Bond $1,380 $3,600 1.55% Preferred Stock $3,400 $2,150 11.70% Common Stock...
-
The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $8 par, 11,000 shares authorized, 2,200 shares issued and outstanding Paid-in capital in excess of par,...
-
Group dynamics are important elements within the leading facet of the P-O-L-C framework. Discuss a time in your professional, school, or personal life when you experienced the Five Stages of Group...
-
What are free cash flows for a firm? What does it mean when a firms free cash flow is negative?
-
The words without recourse on an indorsement means the indorser is: a. not liable for any problems associated with the instrument. b. not liable if the instrument is dishonored. c. liable personally...
-
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
-
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
-
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...
Study smarter with the SolutionInn App