FINANCIAL STATEMENT ANALYSIS 2001 2002 2003 2004 2005 Current ratio Current Asset 471‚282.00 552‚006.00 535‚360.00 785‚855.00 764‚409.00 Current Liability 146‚955.00 186‚074.00 127‚750.00 140‚392.00 139‚788.00 3.21 2.97 4.19 5.60 5.47 CURRENT RATIO. The current ratio (Sannella‚ 1991) above shows that in the year 2001 the current assets of J P Morgan (MIkdashi‚ 2001) are 3
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Mini Case Chapter 3 A. Ratios are used to standardize numbers‚ facilitate comparisons‚ and highlight both weaknesses and strengths. In addition‚ ratios are important profit tools in financial analysis that help financial managers implement plans that improve profitability‚ liquidity‚ financial structure‚ reordering‚ leverage‚ and interest coverage. Managers use ratios to help them effectively run the business. Creditors use ratios for risk analysis. Equity investors use the ratios for
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Organization of hotel Individual hotels are usually organized along functional lines‚ with departments grouped according to the particular work activity in which they are engaged. The hotel is divided along functional lines into five administrative departments: rooms‚ food and beverage‚ accounting‚ sales‚ and personnel. The five department heads report directly to the GM. Each department is subdivided into smaller organizational units. These subdivisions represent refinements of the work performed
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TOTAL QUALITY MANAGEMENT ASSIGNMENT QUALITY MANAGEMENT SYSTEM IN HOSPITALITY INDUSTRY Definition of Quality management system: ISO 9000 defines a QMS as a management system to direct and control an organization with regard to quality. If we insert the ISO 9000 definitions for the words in italics we produce the following unintelligible definition: ‘A QMS is a set of interrelated or interacting elements that establishes and achieves policy and objectives that direct and control an organization
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Silpakorn University International College 912 208 Practicum in Housekeeping and Front Office II ECO-FRIENDLY HOTELS RESEARCH Instructor: Aj. Wonrasak Sucher Submitted by: An Ngoc Van DO 90520165 I. Introduction to green hotels/ resorts: Green hotels or Eco hotels are environmentally friendly properties that take the initiative and implement very important practices and programs to reduce energy‚ water‚ and waste. That is participating in recycling programs‚ linen changing programs
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Assessing Financial Statements ACC/230 Axia College The company that I have chosen is Starbucks. In the last three years Starbucks has maintained a Net Revenue in more than $9 billion per year. In 2009 Starbucks net revenue was at $9.8 billion dollars and in just two year Starbucks ended their 2011 year with net revenue of $11.7 billion making this the highest annual revenue ever. This was an 11 percent increase on a comparable 52-weeks basis. Over the last three years the operating margin has
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Radisson Hotels is one of the leading‚ full-service global hotel companies with more than 420 locations in 73 countries.[1] The first Radisson Hotel was built in Minneapolis‚ Minnesota in 1909‚ and was named after the 17th century French explorer Pierre-Esprit Radisson.[2] The hotel was purchased by Curt Carlson (1914–1999) in 1962‚ and is still owned by his company‚ Carlson. In the United States The majority of Radisson-branded hotels are located in the United States. The company’s headquarters
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policy in the hotel sector: “green” strategy or stratagem? Margaret Brown Lecturer in Accounting‚ School of Food & Accommodation Management‚ Duncan of Jordanstone College‚ University of Dundee‚ Scotland‚ UK Illustrates alternative “green” strategies to indicate possible reactions of the hotel sector to the environmental issue and the extent of the “greening” process on the control system. Discusses the results of a questionnaire survey into the environmental standing of an hotel and the control
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{draw:frame} University of Derby/Buxton Hospitality Management MA Hotel Renovation A Tool For Repositioning In the Hotel Industry Submission Date: 7th May 2009 Business Analysis and Decision Making Student: Nana Yaa Addo Module Leader: Norman Dindsdale Introduction The hospitality industry has grown phenomenally since 2001 and has been driven by both leisure and business demand (kloppers 2005). The needs of the consumer have now become dynamic rather than static. Consumers
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AIRBNB The hotel industry is a saturated industry that normally requires firms to maintain substantial overhead‚ substantial capital property‚ and brand reputation to successfully compete for fluctuating market shares. As a result‚ rivalry is high and there is little room for new entrants in the fiercely competitive and economically sensitive hotel industry. That being said‚ Airbnb has created a market that enables almost anyone who owns sleeping space to become a competitor to hotels and traditional
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