Essay on The Genocides of the 20th Century - 1517 Words

The genocides of the 20th century which occurred in Rwanda and Germany had striking similarities, something that should have alerted the world to stop them. At the core of these two massacres, patterns existed that outlined how similar thinking and reasoning could lead to something as horrible as these two events. One can see how both groups used their command of knowledge as a way to control the people, how the rest of the world refused to step up to stop the killings, and how the people were thought of as less than humans to provide a just cause for such terrible acts. In both cases of genocide, the killings were done as a way to ‘cleanse’ the population; they both resulted from a political power rising up and wishing to kill off†¦show more content†¦Stopping this flow of information differs; in Rwanda a simple radio jammer could have been used, but in Nazi Germany the press was under complete control of the Nazi Party. In each case, however, the world ref used to step up and try to stop the evils. The idea that other races were sub-human allowed the political parties to convince common people that the mass killing of these groups would be beneficial to the state itself. Both genocides relied on rallying people against other races, people groups, or tribes. People would only be okay with and support mass killings if they believed the victims were not the same as them, if their humanity had been taken from them. Political groups could only do this through controlling the flow of knowledge which reached the citizens. This persuasive control of knowledge and press to achieve a goal is known as propaganda. â€Å"Propaganda is the art of persuasion - persuading others that your side of the story is correct. Propaganda might take the form of persuading others that your military might is too great to be challenged; that your political might within a nation is too great or popular to challenge etc.† The Hutus were limited in their abilities to spread propaganda, but also needed it less; hatred already existed between the Hutus and Tutsis. The major form of propaganda for the Hutus was a Radio Rwanda and Radio Tà ©là ©vision des Milles Collines. Lieutenant-General Romà ©o Dallaire, the UN commander inShow MoreRelatedHuman Rights Are The Rights One Is Entitled To Based On1232 Words   |  5 Pageslaw. The most significant of these laws and documents emerged after the 20th century, due to the atrocities that occurred during that time - war, genocide, expulsion, and mass sterilization – and in particular, focused on the rights of women and racial minorities. While the right s of sexual minorities were also impacted, this essay will only examine the rights of women and racial minorities in the context of the main 20th century horrors because they were the two groups most affected by these horrorsRead MoreThe Armenian Genocide And The Ukrainian Genocide1225 Words   |  5 Pagesto repeat itself. Genocides have been committed throughout history, even before the term was assembled in 1944 and accepted by the United Nations in 1946 as a crime under international law. According to the United Nations, genocide is defined as â€Å"intent to destroy, in whole or in part, a national, ethnical, racial or religious group.† A minimum of twenty-seven genocides have been documented across the world. During the 20th century, the Armenian Genocide and the Ukrainian genocide (Holodomor) transpiredRead MoreThe Rwandan Genocide1188 Words   |  5 PagesRwandan Genocide The Rwandan Genocide began on April 6, 1994 and lasted for about 100 days (History). 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In misusing social Darwinism, Hitler applied the principles of survival of the fittest to humans, which was interpreted as requiring racial purity and killing offRead MoreThe Rwandan Genocide899 Words   |  4 Pageshold within them the lessons and wisdom that should be used to prevent similar disasters. The 1994 Rwandan genocide resulted in over 800, 000 deaths of the Tutsi people, at the hands of the Hutu; the genocide, and the international response to it, is a lesson about the humanitarian responsibilities, successes, and shortcomings of the United Nations. The events leading up to the Rwandan genocide began decades earlier. There has been a long history of â€Å"ethnic† tensions, though it is really a matter ofRead MoreHistory And Events That Happened During The Colonization Of Africa Essay1113 Words   |  5 Pagesare largely significant to historians and the people of Africa, such as the first genocide of the 20th century, committed by the German powers in now what is modern day Namibia, against the Herero people. This report will discuss and go through some events that happened during the colonization, a brief history of the colonization of Africa and a description on the events that occurred during the Herero/Nama genocide in 1904. European colonization begun in Africa in the late 1800s-early 1900s. HistoriansRead MoreHumanity: A Moral History of the 20th Century by Jonathan Glover1325 Words   |  6 PagesAs most people would agree, the 20th century contained some of the bloodiest and most gruesome events ever recorded in history. Why do words such as Hiroshima, Rwanda, The Final Solution, A Great Leap Forward, The Great Purge and so many more spark such vivid images of blood, torture and murder in our minds? And despite those horrific images, what is it that causes us humans time and time again to commit such crimes against humanity? Those are the kinds of questions Jonathan Glover, a criticallyRead MoreKhmer Rouge And Pol Pot Downfall1485 Words   |  6 Pagesfailure is what inevitably led to the cause of the Cambodian Genocide. Pol Pot is responsible for the deaths of 1.5 million Cambodians during his reign between 1975-1979. Pol Pot, a man who valued Mao’s Chinese communist way of living, saw the cities as the heart of capitalism and therefore it had to be eliminated (â€Å"The Khmer Rouge and Pol Pot Regime†). With the help of the Khmer Rouge guerrilla Army, the survivors of the Cambodian Genocide are left to deal with their traumatic past and seek hope forRead MoreThe Holocaust : The Destruction Of The Jews1717 Words   |  7 PagesThe Holocaust is by far the worst genocide ever committed, with between 5 and 6 million Jews murdered; along with countless other minorities the Germans deemed inferior (The Holocaust Chronicle Appendices). The Holocaust began with the boycott of Jewish businesses, and ended in camps such as Auschwitz. The destruction of the Jews was made possibly with the rise of Adolf Hitler to power, as he and his fellow Nazi followers attempted to exterminate the Jewish populace of Europe. In the paragraphs toRead MoreThe Universal Declaration Of Human Rights1485 Words   |  6 Pagesat the horrors of the 20th century that affected Western Liberal Society and the emergence of Human rights in countries. Human rights in western liberal world consisted rights of woman, racialized minorities and sexual minorities after the unfortunate events of the 20th century such as war, genocide, expulsion and mass sterilization. Us Canadians shall be grateful to have the fundamental human rights that are enforced by our country’s supreme court strictly. The 20th century, without question, witnessed

A Review On The Minds Of Ceo - 1112 Words

Straight from the CEO A Review of the Literature The minds of CEO s are, in aggregate, a tremendous center of power in society. Upon these minds - how they tick, how they prioritize, how they view the vectors of change depends on the transmission of know-how, technology, capital, and jobs. In addition, as globalization increases, the socioeconomic impact of their thoughts becomes all the greater . This provides a broad cross sample of the global CEO population. Insightful interviews have been collected, which contain lessons from both the brawny companies that have been forced to reinvent themselves, as well as from some of the brainy upstarts that needed to be rather unconventional to gain access to the global playing field. CEO s of top world corporations tell how they handle globalization, customer service, motivation, leadership and other management issues. Gone is the day of the stern looking, tight lipped, antisocial dark suit who sits positioned in the large corner office secured by twelve foot walnut doors with gold handles. Today s workers demand involvement and interaction from upper management, no longer do the babyboomers see fit to have P and L figures discussed between upper management only. In order to be a successful CEO in today s society you must be able to demonstrate an understanding of the dynamics of value enhancement, to be aware of opportunities and to exploit them. The future and success of the company depends on how you view the companyShow MoreRelatedCase Study728 Words   |  3 PagesWeek 2 Paper (Case Study) HCS615/Dr. Cheryl Chance Jacque Hartnett 1. Why was the CEO going ahead with the dismissal when he did? The CEO probably felt this was his only opportunity to get rid of Dr. Dulac before the chairman came back from vacation. Just because the chairman was friends with Dr. Dulac and also a patient of his, the chairman should have put that asideRead MoreThe Case Of William Potter988 Words   |  4 Pages Many workers are presented with ethical dilemmas every single day. In the case of William Potter, a conflict of interest arose as he thought about promoting his son, Henry, to CEO of the family company. Knowing he could not make an objective decision, he went to a loyal, trusted employee, Jill, to do an objective review of Henry for him. This then put Jill in an ethical dilemma of her own. Though she knows that Henry is doing a great job in his current position in Miami, she also experienced himRead MoreChange Management. Student Name. Institution Of Affiliation.1025 Words   |  5 PagesManagement is a basic key under taking in any association. However, pioneers are the ones considered in charge of the plan and usage of progress. In the most recent decade, measurements show that just about 80% of progress ventures do not succeed. Past reviews likewise affirm that goals of most change activities are not achieved. In specific cases, the change tasks are finished after the set due dates, consequently, not profiting the objective subjects. In John Kotter s article, Why Transformation EffortsRead MoreLeaders and Leaderships1577 Words   |  7 Pages(BBC 2007). In 2004, Mr. Rollins took over the CEO position from the company’s founder, Michael Dell. This transition allowed Mr. Rollins to take over the day-to-day business operations, take on new responsibilities, and develop the opportunity to grow as a leader. Mr. Rollins utilizes transformational leadership and focuses on his own continuous improvement, direct communication with his subordinates, and taking responsibility for his actions as C EO. Elements of Leadership FromRead MoreEthical And Legal Environment Of Organizations1031 Words   |  5 Pagesyears CEO’s have been making larger salaries in compression to the employees that work for the company. How the salaries are decided can be one of two ways. Either by how much money the company brings and gives to the shareholders or by how well the CEO runs the company. The question becomes which was is not only morally but also ethically right. CEO’s will do whatever is necessary to make more to please the shareholders and give the shareholders fast money quickly? By doing this the CEO’s or executivesRead MoreSynnex Corporation Is Directed By Chief Executive Officer Kevin Murai Essay860 Words   |  4 Pagesresources and technology solutions. With wide investments, innovation and solution-based products, we increase shareholder and corporate value to all stakeholders. Synnex’s mission statement states that they keep all parties related to the business in mind wh en using their innovating ideas and solution-based problems to create value for all parties involved in the business. [definitely need to redo this part] Ethics are very important when operating a business, on Synnex’s website under their guidingRead MoreExternal And Internal Forces For Change Within The Company1557 Words   |  7 Pagesinformation technology CEO, Vincet Nayar first eternally seen the company required a changed. The company was growing slower than their competitor’s. Market shares and Mind shares were dropping. The internal factors of losing shares had the CEO to visit each subsidiary of the company and he spoke with the customers. The external observation of the customer s speaking highly favorable of their employees assisted with the internal changes the CEO was willing to change. The CEO realized the companyRead MoreLeadership Decision Making. Leaders Will Undeniably Be1147 Words   |  5 Pagesdecision-making approach for the case study listed below and speaks to the importance of choosing the right approach. Case Study This case study consist of the CEO of Devise Products Unlimited (DPU) wants to implement a new philosophy within the organization, which is the fish philosophy. He has recently asked his management staff to review the book and rollout to their division; however, Thomas did not provide any direction on how this should be done as he left this up to his management staff. OnceRead MoreWhat Is Performance Management?1203 Words   |  5 Pagesthe mission, vision and values of an organisation, a strategy document is developed. In this document processes and systems are put in place to ensure that the company is on track. Every so often, usually annually, a review of the company’s performance is taken into account. This review encapsulates the performance of systems and the people operating within the systems. Performance management is a process by which organisations align their resources, systems and employees to strategic objectives andRead MoreThe Financial Crisis Of The U.s. Auto Industry1295 Words   |  6 Pagesaround and as soon as possible. With the passage of time, there is detailed analysis available for researching the complexities surrounding the bankruptcy and government bailout of General Motors. Summary of Findings I had two prevailing questions on my mind when I began my research. The first: what historical conditions existed at GM that contributed to bankruptcy and the need for a bailout? The second: how was the bailout was structured and what requirements were placed on GM? Research on the historical

Coursework on Business Law Free Essays

The correct citation of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is Public Law No. 109-8, 119. It became fully effective last October 17, 2005. We will write a custom essay sample on Coursework on Business Law or any similar topic only for you Order Now The law implements the new â€Å"means test† to determine whether a debtor is eligible for liquidation which is found in chapter 7 or must file under wage-earner repayment plan found in chapter 13. In order to protect the interests of employees and for reasons of public interest, the law also set supervising random audits and targeted audits to determine whether a liquidation and debtor’s bankruptcy documents are accurate (The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, 2009, p. 1). It is true that businesses sometimes use bankruptcy as a means to address labor issues which includes reformed contract with the union. The same is true with the case of United Airline Company when it had merger proceedings with US Airways, wherein several union members complained. The labor union is composed of the United Flight Attendants wherein its members fought for about 29 days to bring up the pilot’s contract dispute (AFA Announces United Flight Attendants Elect Militant Leadership, 2008, p. 1). The contract being fought for becomes successful due to the efforts of union members. Mr. Gardner violated the law. The notice of garnishment on the wages of Clarence Ellis has nothing to do with his job in the company. It was a legal process wherein any person or entity with whom Mr. Ellis was indebted, may take his wages or money in the bank as payment. However, it was not related to the job of Mr. Ellis as laborer and carpenter. Hence, the grounds for firing him such as alcoholism, poor job performance, insubordination, and dishonesty being used by Mr. Gardner are not applicable. Therefore, Mr. Gardner’s act of firing Mr. Ellis is baseless. References CBS Interactive Inc. 4 April 2008. AFA Announces United Flight Attendants Elect MilitantLeadership. Retrieved July 1, 2009, from http://findarticles. com/p/ articles/mi_m0EIN/is_2008_April_4/ai_n25126630/? tag=content-inner;col. U. S. Trustee Program/Dept. Of Justice. 2009. Bankruptcy Abuse Prevention and Consumer Consumer Protection Act of 2005. Retrieved July 1, 2009, from http://www. usdoj. gov/ust/eo/bapcpa/index. htm. How to cite Coursework on Business Law, Papers

Financial Analysis Cambridge University -Myassignmenthelp.Com

Question: Discuss About The Financial Analysis Cambridge University? Answer: Introduction In the modern world, each and every company that operates in the economy has the main aim of earning the maximum amount of profit from the market. The maintenance and the recording of the profit is possible by taking help of the mechanism of financial analysis. The financial analysis is helpful for the construction of the budget and the financial statement that is essential for the organization in expanding their business and maintaining competitive edge (Vogel 2014). The meaning of financial analysis is to assess the businesses projects, budgets and other financial data given out by the entity to ascertain the performance of the entity. Basically, it is done in order to explain on the on the liquidity of the firm, profitability and stability. In order to undertake comprehensive financial analysis, the organization requires to examine the income statement, balance sheet and the cash flow statement (Jensen 2013). In this statement, this paper would be explaining the financial analysis of the departmental income with respect to a hotel. In the next segment of the paper, an examination of the current pattern and the performance of the hotel and the data that is necessary in order to take an in-depth financial analysis and the steps that are needed by the management to enhance the overall functioning of the hotel. In the current case study, it is seen that the performance of the hotel is very weak. There is a huge difference in the budgeted sales of the hotel and the actual sales of the hotel. The beverage section and the food section sales are very low as anticipated. It is due to this factor that the hotel has been facing losses and on the other hand the management expenditure and the maintenance cost that is incurred day to day is higher in comparison to the budget. Therefore, the management of the hotel requires to have an effective balance among the expenditure and sales. Assessment of the current scenario The overall performance of company is very weak. By considering the income statement from 9th October 2016 - 5th November 2016 there has been a huge difference between the expectation and reality. The Budgeted Net Operating Profit of the hotel requires to be 201550 but in reality the hotel incurred a loss of -8880. Hence, there are lots of things that need to be improved and it can be explained in an effective manner. By looking at the revenue section, expected revenue was 838150 and in reality the hotel earned 664910. The maximum variance occurred has been due to food. The expected was 4392520 and actual earning was 332090 and then the big difference is in the variance beverages section. By observing the cost of goods sold, the budgeted cost of goods sold was 258700 and on the other hand the actual was 198300. The hotel saved a maximum cost in food that is -44650. Then by considering the gross profit data, the budgeted gross profit was 579450 and in actual the hotel earned 466610. T herefore there exists a difference of 112840. While discussing about the direct cost it is seen that the direct costs increases due other random direct cost. The budget for the other direct cost was 41360 which raised to 85270. Hence, the gross operating income incurred was 209120 and the budgeted income was 366120. There has been a huge difference of 157000. The maximum difference incurred was due to the rise in other direct costs. Thereafter, it is seen that the general expense was expected to be 111580 which raised to 166710. The hotel spends too much on administration cost and day to day maintenance costs. The overall administration cost that has been incurred by the hotel was 166710 and budgeted amount was 111580. Due to all the factors that have been explained above, it is seen that the hotel earned an operating loss of -8800 and expected profit was 201550. Therefore, there was a huge downfall in the performance of the hotel. By considering the cumulative budget it is seen that performance of the hotel is not only poor in the current time period but the overall performance of the company was very disappointing. There is a huge gap between the reality and the expectation. The expected net profit is 1963430 however the hotel earned a loss of -26800. The main factor for this has been due to the sale of food and beverages. Food, beverage and rooms are the major sources of revenue and the performance of food and beverage is not effective (Kou, Peng and Wang 2014). It is essential that the hotel should improve and develop the food quality and should concentrate on establishing an improved environment in order to attract existing and prospective customers and thereby should undertake effective marketing in order to promote and advertise the restaurant. Quantification and discussion of significant variances In this matter, this paper would explain the various significant variances are as follows: The main variance in revenue section has been the beverages and food; Particulars 2016 Cumulative Beverage -446200 Food -160430 -1750430 In cost of goods sold: Beverage -19500 -185740 Food -44650 -435790 In gross profit: Beverage -31650 -260460 Food -11570 -1314640 Direct Cost Other direct cost -43910 -362520 General expenses Administration -34380 Day to day maintenance cost -11640 -92220 Additional information required Financial analysis refers to the evaluation of the financial statements in order to ascertain the performance of the hotel. There are these 3 main mechanism with the help of which the financial statements are assessed. They have been explained below: Ratio analysis DuPont analysis Common size financial statements It is seen that ratio analysis has been found to be the most important financial analysis tool out of the three that has been named above. Financial analysis is undertaken in order to undertake a comparison and valuation of the hotel. Financial statements are utilized by different persons in various manner (Schmidt and Hunter 2014). For instance, top level management will use financial statements for the purpose of decision making thereby improving performance of the hotel and on the other hand the investor will use to undertake investment decision and the auditor will use financial statement to make sure that the statements are fair and true. Therefore, financial analysis is a very crucial exercise for any company to operate successfully. Ratio analysis: In order to draw significant insight into the financial statements, the ratio analysis is an important tool. The balance sheet and financial statement are a part of the financial statements. This assesses the financial statements by dividing certain number and figures to construct the ratios. The computation of the ratio is significant as one cannot draw conclusions by observing the financial statements (Hans et al. 2014). The ratio analysis enhances the usability of financial statement. The income statement explains the amount of net profit the hotel can earn but to evaluate whether it is sufficient or not would be judged by computing the ratio (Ott and Longnecker 2015). For instance, the net profit margin: net profit/sales is this ratio is compared to the industry ratio and in this manner a conclusion about the performance of the hotel can be understood. Profitability Ratios The main concern of the hotel has been to earn and to judge whether hotel has been able to make sufficient profit and one needs to calculate profitability ratio. There are two kinds of profitability ratios namely: Profit margins: It is done to compare profitability at various stages by taking help of the gross profit and net profit margins. Rate of return ratios: These ratios include return on assets, return on equity, earning power etc. Liquidity Ratios These ratios are calculated to in order to assess the liquidity position of the hotel. Liquidity explains that the hotel has been able able to meet their obligations on time (Glasserman 2013). For any firm or entity, it is very important to have sound liquidity or else the entity might face trouble. Liquidity ratios are namely: Current ratio Acid test ratio Quick ratio Cash ratio Capital Structure Ratios / Leverage Ratios The leverage means the firm is making use of their debt in its capital structure. For any firm it is difficult to function the business without debt. There are two kinds of liquidity ratio: Capital structure ratio: These ratios are used to calculate the risk of the company for bankruptcy. these ratios include: Debt equity ratio Debt asset ratio Coverage ratios: This ratio determines the capacity of the company to meet its future debt obligations on time. These ratios are: Interest coverage ratio Fixed coverage ratio Debt service coverage ratio Activity / Efficiency / Turnover Ratios These are even known as the asset management ratio or efficiency ratio. A company is having assets in order to generate sales. Therefore, this ratio determines the amount of asset utilization to convert or generate sales. These ratios are: Inventory turnover Average collection period Receivables turnover Fixed assets turnover Total asset turnover Growth Ratios These ratio calculates the growth of the firm. The fixed asset investment, retention ratio and profit margins and the factors that aids the firm to grow and develop (Abrahamsson et al. 2017). It is said that company will experience better growth if external financing is used. Valuation Ratios The valuation ratios are used to compute the market price of the hotel. These ratios are: Earnings ratio, Dividend yield DuPont Analysis DuPont analysis is a process of measurement of the performance that was incorporated by DuPont Corporation in the year 1920. With the help of this process, the assets are computed at their gross book value and not in their net book value in order to produce an increased return on equity. It has been known as DuPont identity (Isard et al. 2017). With respect to the DuPont analysis, it is seen that the return on equity is affected by three objects namely the operating efficiency, which is computed with the help of the profit margin, asset use efficiency that is measured by the total asset turnover and the financial leverage which is computed by the equity multiplier. This process is helpful for the determination of the return on the equity and the factors that are responsible for the transformations in the return on equity. Therefore, the financial statements of the hotel can be computed with the help of which the stakeholders can undertake their decisions accordingly. It is seen that computing the assets at the gross book value eliminates the incentives in order to restrict investing in the new assets. Making use of the book values in opposition to the financial accounting depreciation process manufacture artificially lower level of return on equity in the base years where an asset is put into service. It is seen that if the return on equity is unsatisfactory, the DuPont analysis would indicate the parts of the organization that is not performing effectively (Rigamonti et al. 2015). Formulae: return on assets= net profit margin *total asset turnover With respect to the hotel that is under consideration, it is seen that DuPont analysis of the hotel can be understood as following: Return on asset= 0.0134*1.42 =0.019028 Common Size Financials The common size financial is a statement that explains income and expense account items as a percentage of sales and the balance sheet items as a percentage of total assets in order to make the comparison easy. Therefore, after knowing the details of the procedure for financial analysis it can be said that in the given case study only the income statement and common size statement are provided but in order to construct a comprehensive analysis it is essential to have a balance sheet as well and with the help of the balance sheet financial position of the hotel can be attained. In order to calculate all the ratios it is mandatory to have balance sheet data. Along with income and expense account and the balance sheet there is a need for the cash flow statement (Laudon and Traver 2013). The cash flow statement depicts the actual position of the hotel. The income statement would express how much sales and expenditure has occurred and on the other hand the cash flow statement will reveal the amount the hotel has received and have paid in real. Leaving apart the financial statements of the hotel, the financial statement should have the information about the competitors of the hotel. Therefore, the hotel can compare itself with the industry and must gain knowledge about the pattern of the market. Evaluation of the measures required to correct any adverse trends: As discussed above by observing the income statement and the comparative financial statement it can be said that the performance of the hotel is very weak. The hotel is not even on breakeven point as it has being incurring losses. The following are the methods the management can use in order to increase the performance of the hotel: Provide maximum hospitality: The hotel staff should treat every guest very special. They should be polite, responsive, and for everyone they should have a sense of urgency. The experience of the hotel should be memorable for the guest Staff should the trained for everyday basis not just for one time affair: The hotel should employee experienced staff and should have regular supervision over their performance. Their remuneration or commission should be proportionate to the sales so they are well motivated to focus on increasing sales. Better marketing strategies: The hotel should identify their target audience and should do marketing through various sources. It should list itself on the best website and should offer various schemes and should also do advertising on social media, newspaper and should offer various discount coupons so the number of customer increases. The hotel should also provide some schemes for the customer residing in the hotel such as providing free breakfast, spa services. They should even focus on making the hotel kid friendly such as having baby chairs in the restaurant, having kids room and having baby tubes to access the pool. Providing delightful meals: The customer satisfaction is the best way to operate the business. The customer arrives at the restaurants to enjoy food. So the hotels should give maximum focus to the quality of food they are serving to their customers. The restaurants should have proper management and stringent controls over the quality of food they are serving. Their staff should be neatly dressed and should provide quick service. Proper forecast by top management: In the given case study the performance of the hotel is very poor. Therefore, the top level management should study what are the strategies followed by their competitors who are running a successful business. The top level management should study the pattern regarding exactly what is going wrong in their process. The management should make practical forecasts, targets and proper incentive schemes for their employees. Ambiance: The customers arrive at the hotels to enjoy ambiance, environment and meals. Therefore, the hotel should have proper provision of air cooling, music and very prim and proper ambiance. Spending too much on administration and day to day maintenance expense: In the given case study there is an imbalance between the income and expenditure. It has been observed that the sales are very low and on the other hand there is too much of expenditure on the administration and day to day expenditure. Therefore, the management should undertake maximum exploitation of the given resources and should not go overboard with their expenditure. Management Actions It is essential for the management to undertake various steps and strategies that would be influential for the improvement in the financial scenario of the hotel. It has been observed that the hotel has been facing losses and the financial statement of the hotel has not indicated any positive sign. Hence, the initiation of the various steps and actions can be helpful for the improvement in the financial statement of the hotel. It is seen that the management should look to improve the financial condition by managing and supervising the construction of the financial data so that effective results can be obtained (Cinelli, Coles and Kirwan 2015). The management should even look to construct strategies that would increase customer base of the hotel. It is essential to provide various attractive schemes and promotional activities that would be fundamental for increasing the sales margin of the hotel. The introduction of various additional facilities like free-Wi-Fi, pools and fusion resta urants can be fundamental for improving the financial activities and the operational activities of the firm. The improvement in the service quality and the food quality can increase the level of revenue of the hotel. The management should even undertake effective training program for their employees in order to make them stay updated with the market. The management should even enhance the communication level among the employees so that improvement in the operational activities can be developed (Evangelou and Ioannidis 2013). Feedback from the customers can even be taken in order to understand the faults and the grievances that are seen in the hotel so that effective measures can be taken in order to improve the financial position of the hotel. It has been observed that all the ratios that have been explained above cannot be explained with respect to the financial figures that have been provided with respect to the hotel. Therefore, it is seen that only a few of the ratios have been used in order to understand the financial position of the company. Asset Turnover Ratio= 0.0142 Net Profit Margin= -1.34% Return on Assets= -1.90% Conclusion The analysis of the financial statements that have been provided by the hotel reveals that the financial condition of the hotel is very poor and the financial statement only comprises of the income statement and there is non-existence of a balance sheet and the cash flow statement. Therefore, the hotel needs to construct their balance sheet and the cash flow statement and in this manner can improve their financial scenario. It is seen that implementation of the strategies that have been suggested in this paper would be fundamental for the development and expansion of the hotel and in that manner would increase their revenue of the firm. Therefore, the implementation of these strategies would enhance the operations of the hotel and in that manner improve the financial condition of the hotel. Reference List Abrahamsson, P., Salo, O., Ronkainen, J. and Warsta, J., 2017. 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