Part – Allocate Budget Resources Task Background The Naja Business Hotel has been operating within the Sydney CBD as a boutique hotel for the past 20 years. In this time the NBH has built a reputation as a high-quality boutique hotel which offers residents a unique and flawless stay in one of their 100 rooms. Mission The Naja Business Hotel’s mission is to consistently deliver an enjoyable and memorable accommodation experience for travelers visiting the Sydney CBD in a business context. Vision The Naja Business Hotel’s

Comments Off on Part – Allocate Budget Resources Task Background The Naja Business Hotel has been operating within the Sydney CBD as a boutique hotel for the past 20 years. In this time the NBH has built a reputation as a high-quality boutique hotel which offers residents a unique and flawless stay in one of their 100 rooms. Mission The Naja Business Hotel’s mission is to consistently deliver an enjoyable and memorable accommodation experience for travelers visiting the Sydney CBD in a business context. Vision The Naja Business Hotel’s

Part – Allocate Budget Resources

Task

Background

The Naja Business Hotel has been operating within the Sydney CBD as a boutique hotel for the past 20 years. In this time the NBH has built a reputation as a high-quality boutique hotel which offers residents a unique and flawless stay in one of their 100 rooms.

Mission

The Naja Business Hotel’s mission is to consistently deliver an enjoyable and memorable accommodation experience for travelers visiting the Sydney CBD in a business context. Vision
The Naja Business Hotel’s vision is to become an industry leader in boutique business accommodation.

The NBH forecasts its revenue for 2019 to be $9,845,000.

The NBH forecasts that their profit margins are 30% of total revenue. (30% *$9.845.000,- = $2,953,500)

As such, total expenditure is 70% of the total revenue. (70 %* 9.845.000,- $ 6,891,500)

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