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