Evaluate Nottoway’s performance during the last two years.
What will be an ideal response?
The depth of analysis expected here will vary with the course. Exhibits TN–2 to TN–4 show percentages for the budget and financial statements given in the case. Exhibit TN–5 compares actual financial data to budget for the year ending June 30, 1994. Students may also be requested to complete ratio analyses and compare Nottoway to hotel industry standards.
Students should observe that the budget (Exhibit 2) projects rooms and tours to contribute two-thirds or more of revenues to overhead, while expenses for the restaurant and gift shop are budgeted to be better than half of their respective revenues. Thus rooms and tours are expected to be better profit generators.
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The ability to make threats or deliver punishment gives an individual or organization ________ power.
A. coercion B. legitimate C. expert D. reward E. referent
Answer the following statements true (T) or false (F)
Within the continental model of financial reporting, Germany has the closest approach to a uniform national accounting system.
Which of the following is true when using color in presentation visuals?
a. Brighter colors give a less formal look than do muted colors. b. Blues and greens stimulate, while reds and oranges relax the audience. c. Red and green are good colors to use to differentiate important points. d. The more colors used, the better.
The organizational plan section of the business plan should describe the venture's form of ownership.
Answer the following statement true (T) or false (F)