| Category | Assignment | Subject | Business |
|---|---|---|---|
| University | University of Portsmouth | Module Title | Business Accounting Group |
Business Accounting Group's objective of this report is to prepare the financial statements of Manor Park Hotel which is operated by Imogen for the December ending 2023. With the help of the prepared financial statements, including a multi-step income statement, and a financial analysis using financial ratios, the performance of the business will be evaluated. The break-even analysis seems to be one of the important parts of the business which is capable of understanding and analyzing the different price points and their impact on the overall profitability of the business. Additionally, the operating profit margin for the business which is calculated and compared using the EBIT and the revenue indicates that the business is capable of generating 37.9% of the return from the operations before the adjustment for the interest and taxes against the sales. The break-even analysis suggests that the company is capable of covering its cost when they are having a target sales of 200 units and makes a good profit out of it.
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