HTM440 financial management : Solution Essays

1. Briefly explain the benefits to be derived by a company if they switch from an incremental budgeting system to a zero-based budgeting (ZBB) system. Your answer must be in your own words, which will require that you be succinct with your response.

2. ACME Enterprises is a successful new company which has turned a strong profit during its first year of operation. The company realistically predicts ongoing profitability for the foreseeable future. Given this bright forecast, should ACME’s management team engage in cash flow budgeting? Briefly explain, which will require that you be succinct with your response.3. A restaurant has an average cheque of $14.90, with an average variable cost of $9.81. Fixed costs are $381,000 for that year, and the owner wants to realize a profit of $77,181

a. Calculate the contribution margin per cheque? 

b. Calculate the contribution margin as a percentage?

c. Calculate is the variable cost percentage?

d. How many cheques are required to achieve the targeted profit level?

e. What sales revenue is required to achieve the targeted profit level?

 

4. The daily fixed cost of the banquet department of a hotel is $681.

A customer selected a menu for 100 persons that would have a food cost of $10.25 per person, a variable wage cost of $4.50 per person, and other variable costs of $2.81 per person.

 

a. Calculate the total cost per person if this banquet was booked.

 

Place your order
(550 words)

Approximate price: $22

Homework help cost calculator

600 words
We'll send you the complete homework by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 customer support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • 4 hour deadline
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 300 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
× How can I help you?