Finance | Finance management | university of east london

 

The London Docks Café is a company that prepares meals for tourists and citizens in its kitchen located next to the local airport. The company’s planning and actual budgets for September appears below:

The London Docks Café

Planning and actual budgets for the month ended September 30th, 2020

 PLANNING  ACTUAL

Budgeted meals quantity           (q)                 20 000                      18 000

Revenues (£5.00q)                                   £100 000                  £90 000

Expenses:

Raw material (£2.50q)                              50 000                      45 000

Wages and salaries (£5 500+£0.25q) 10 500                      10 000

Utilities (£2 500 + £0.05q)                          3 500                        3 400

Facility rent                                                 5 000                        5 500

Insurance                                                   2 800                        3 200

Fuel                                                            2 500                        2 800

Net Operating Income                            £25 700                    £20 100

Required:

a)  Outline the objectives of budgeting and explain how London Docks Café benefits from engaging in robust budgetary processes? (15 marks)

b)  Prepare a report showing London Docks Cafe’s revenue and spending variance for September? (20 marks)

c)  Based on the variances report you prepared in (b) above, which area/s of  activity should be of concern to the management of London Docks Café? Explain (25 marks)

d)  Explain the terms profitability and sustainability. Assess and advise the London Docks Café on the measures they should adopt to ensure the attainment of both mandates. (30 marks)







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval 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 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 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

Order your essay today and save 10% with the coupon code: best10