This is an individual assignment in which each individual is required to form a New Hotel business with 150 room capacity and answer some accounting-related questions. Assessment Criteria: - Demonstrated competency and understanding evidenced by the student's ability to discuss contentious issues accurately, covering relevant topics comprehensively, structuring arguments logically, using clear English expressions, avoiding plagiarism, writing concisely, and referencing correctly. Evidence of research: evidenced by the quality and relevance of references used and the inclusion of abibliography. Assignment Requirements: 1. Hotel Business Introduction (3 marks): - Formulate a new hotel business with a 1 50-room capacity. - Provide a brief introduction, including the hotel's name, services or products offered legal form whether t is merchandising or manufacturing, retail or wholesale size, industry, etc. 2. Legal Form Choice{3 marks): - Decide on the legalform for your hotel business (e.g.. sole proprietorship. partnership, corporation). - Discuss the reasons for your choice including advantages and disadvantages. 3 . Financing Options (3 marks): - Explore different financing options to set up your hotel business (e.g. loans equity financing, crowdfunding). - Discuss the reasons for your chosen financing option(s). 4. Role of Accounting (3 marks): - Define the role of accounting as it relates to vour hotel business_ -Incdlude details on accounting information nsers of information thea ccounting process, financial accounting and management accounting. 5.Usefulness of Financial Statement Analysis (3 marks): -Discuss whether finanaal statement analysis would be useful for yourhotel's management. -Incdlude the types of analysis that can be used (e.g_ratio analysis trendanalysis)and howthey are useful 6.Property, Plant, and Equipment (PP&E)(3 marks): -Name examples of PP&E assets used in your business. Discuss the depreciation method suitable for these assets and the reasons for your choice. 7. Unearned Revenue and Prepaid Expense (3 marks): Provide one example of unearned revenue and one example of prepaidexpense that may occur in your business. 8.Bank Loan Considerations (3 marks): Provide a list of items (statements, accounts, ratios, etc.)that a bank would be interested in when deciding to grant your hotel a loan. 9.Profit Distribution vs.Retention (3 marks): Discuss the considerations that your hotel's management would take into account when deciding whether to distribute profits or retain them in the business. 10.Hypothetical Cash Flow Statement (3 marks): -Prepare a hypothetical cash flow statement for your hotel business. Provide examples of operating investment, and financing activities