The Grand Tour of Europe in the 17th and 18th Centuries

The French Revolution marked the end of a spectacular period of travel and enlightenment for European youth, particularly from England. Young English elites of the seventeenth and eighteenth centuries often spent two to four years touring around Europe in an effort to broaden their horizons and learn about language, architecture, geography, and culture in an experience known as the Grand Tour. The Grand Tour, which didnt come to an end until the close of the eighteenth century, began in the sixteenth century and gained popularity during the seventeenth century. Read to find out what started this event and what the typical Tour entailed. Origins of the Grand Tour Privileged young graduates of sixteenth-century Europe pioneered a trend wherein they traveled across the continent in search of art and cultural experiences upon their graduation. This practice, which grew to be wildly popular, became known as the Grand Tour, a term introduced by Richard Lassels in his 1670 book Voyage to Italy. Specialty guidebooks, tour guides, and other aspects of the tourist industry were developed during this time to meet the needs of wealthy 20-something male and female travelers and their tutors as they explored the European continent. These young, classically-educated Tourists were affluent enough to fund multiple years abroad for themselves and they took full advantage of this. They carried letters of reference and introduction with them as they departed from southern England in order to communicate with and learn from people they met in other countries. Some Tourists sought to continue their education and broaden their horizons while abroad, some were just after fun and leisurely travels, but most desired a combination of both. Navigating Europe A typical journey through Europe was long and winding with many stops along the way. London was commonly used as a starting point and the Tour was usually kicked off with a difficult trip across the English Channel. Crossing the English Channel The most common route across the English Channel, La Manche, was made from Dover to Calais, France—this is now the path of the Channel Tunnel. A trip from Dover across the Channel to Calais and finally into Paris customarily took three days. After all, crossing the wide channel was and is not easy. Seventeenth- and eighteenth-century Tourists risked seasickness, illness, and even shipwreck on this first leg of travel. Compulsory Stops Grand Tourists were primarily interested in visiting cities that were considered major centers of culture at the time, so Paris, Rome, and Venice were not to be missed. Florence and Naples were also popular destinations but were regarded as more optional than the aforementioned cities. The average Grand Tourist traveled from city to city, usually spending weeks in smaller cities and up to several months in the three major ones. Paris, France was the most popular stop of the Grand Tour for its cultural, architectural, and political influence. It was also popular because most young British elite already spoke French, a prominent language in classical literature and other studies, and travel through and to this city was relatively easy. For many English citizens, Paris was the most impressive place visited. Getting to Italy From Paris, many Tourists proceeded across the Alps or took a boat on the Mediterranean Sea to get to Italy, another essential stopping point. For those who made their way across the Alps, Turin was the first Italian city theyd come to and some remained here while others simply passed through on their way to Rome or Venice. Rome was initially the southernmost point of travel. However, when excavations of Herculaneum (1738) and Pompeii (1748) began, these two sites were added as major destinations on the Grand Tour. Features of the Grand Tour The vast majority of Tourists took part in similar activities during their exploration with art at the center of it all. Once a Tourist arrived at a destination, they would seek housing and settle in for anywhere from weeks to months, even years. Though certainly not an overly trying experience for most, the Grand Tour presented a unique set of challenges for travelers to overcome. Activities While the original purpose of the Grand Tour was educational, a great deal of time was spent on much more frivolous pursuits. Among these were drinking, gambling, and intimate encounters—some Tourists regarded their travels as an opportunity to indulge in promiscuity with little consequence. Journals and sketches that were supposed to be completed during the Tour were left blank more often than not. Visiting French and Italian royalty as well as British diplomats was a common recreation during the Tour. The young men and women that participated wanted to return home with stories to tell and meeting famous or otherwise influential people made for great stories. The study and collection of art became almost a nonoptional engagement for Grand Tourists. Many returned home with bounties of paintings, antiques, and handmade items from various countries. Those that could afford to purchase lavish souvenirs did so in the extreme. Boarding Arriving in Paris, one of the first destinations for most, a Tourist would usually rent an apartment for several weeks or months. Day trips from Paris to the French countryside or to Versailles (the home of the French monarchy) were common for less wealthy travelers that couldnt pay for longer outings. The homes of envoys were often utilized as hotels and food pantries. This annoyed envoys but there wasnt much they could do about such inconveniences caused by their citizens. Nice apartments tended to be accessible only in major cities, with harsh and dirty inns the only options in smaller ones. Trials and Challenges A Tourist would not carry much money on their person during their expeditions due to the risk of highway robberies. Instead, letters of credit from reputable London banks were presented at major cities of the Grand Tour in order to make purchases. In this way, tourists spent a great deal of money abroad. Because these expenditures were made outside of England and therefore did not bolster Englands economy, some English politicians were very much against the institution of the Grand Tour and did not approve of this rite of passage. This played minimally into the average persons decision to travel. Returning to England Upon returning to England, tourists were meant to be ready to assume the responsibilities of an aristocrat. The Grand Tour was ultimately worthwhile as it has been credited with spurring dramatic developments in British architecture and culture, but many viewed it as a waste of time during this period because many Tourists did not come home more mature than when they had left. The French Revolution in 1789 halted the Grand Tour—in the early nineteenth century, railroads forever changed the face of tourism and foreign travel. Sources Burk, Kathleen.  The Grand Tour of Europe. Gresham College, 6 Apr. 2005.Knowles, Rachel. â€Å"The Grand Tour.†Ã‚  Regency History, 30 Apr. 2013.Sorabella, Jean. â€Å"The Grand Tour.†Ã‚  Heilbrunn Timeline of Art History, The Met Museum, Oct. 2003.

Human Trafficking Is A Major International Policy

Human Trafficking Human trafficking is a major international policy concern that remains widespread and deeply entrenched in many Asian countries, one such as Vietnam. Through education and providing resources such as programs to help the poor or allowing people access to technology, along with government intervention and awareness, human trafficking can be dramatically reduced. Yi Wang, who is a Program Analyst for Oxfam-Quebec’s Anti-Human Trafficking Program stated in her research that: According to article 3 of the UN Trafficking Protocol, trafficking in persons means: The recruitment, transportation, transfer, harboring or receipt of persons, by means of the threat or use of force or other forms of coercion, of abduction, of fraud,†¦show more content†¦I will also report the kind of help and programs the Vietnamese government and the community has been promoting and providing to help reduce the number of human trafficking in their country. Wang stated that there is an inseparably link between trafficking and prostitution because the goal of human trafficking normally makes the victims themselves involved into prostitution (Wang 2005: 4). Not just prostitution, but human trafficking has also led these victims into the forced labor or services, slavery, and removing of organs for others. The victims who are being targeted into trafficking are most likely women and young children, but sometimes men and boys are also targeted in some cases too (Shim 2013: 6). The victims of women and girls are viewed as more vulnerable than men in trafficking because of the inequality of gender and economic power. In between the year 2005 and 2009, CEOP reports indicated that â€Å"approximately 6,000 women and children were identified as being trafficked from Vietnam† (CEOP 2011: 4). In 2010, â€Å"the report identified 58 children potentially trafficked from Vietnam to the UK over the 12 month period of the study† (CEO P 2011: 3). Due to safety issue, the demand of human trafficking for young virgins and children in prostitution has been increasing because of the factors such as the threat of HIV/AIDS. From the Human Trafficking in Vietnam research, it has identified that there are also newborn babies and children

The Evolution Of Database Management System - 1099 Words

The Evolution of DBMS A database management system, also known as DBMS, is a type of software that is used in order to create and manage a multitude of databases. Data is the power that runs most modern businesses. This specific program provides a technique for people to use a â€Å"systematic† way to create, retrieve, update, and manage many diverse types of data. DBMS is used to manage three important things, which is data, database engine, and database schema. These different elements help to provide concurrency, security, data integrity, and uniform administration procedures. DBMS is thought to be most useful for delivering a central system of data that can be accessed by many users from many places all over the world controlled by one†¦show more content†¦It has remained, for the most part, unchanged through the explosion of the internet craze. It often enforces a serious shift in any of the business processes. Distributed computing is growing very rapidly and a lot of the people sell ing it expect this to be the next major â€Å"paradigm† in the development of applications. There are three database concepts that are pretty important. This means â€Å"the thing that is being stored and is representative of something in the external world, such as a customer, invoice, or inventory item.† (information week) This can be considered the most the most basic/small piece of data that retains some sort of context. The second concept is attribute. This is the thing that describes an entity. For example, if you have a â€Å"customer entity†, you can use the attributes to keep track of all of the important descriptors. This includes things such as a person’s favorite television shows or whether he collects knives and things such as that. These basic attributes rely on the entities for context. The third of the concepts is the relationships. These entities are essentially rendered useless unless there is some way of making their relationship determined. The evolution of the many database systems has seen one trend that has been consistent throughout. â€Å"The abstraction of the database paradigm from application and operating-system constraints and theShow MoreRelatedEvolution Of Database Management Systems2269 Words   |  10 PagesEVOLUTION OF DBMS 1.INTRODUCTION As technology is rapidly emerging and changing, organizations are quickly adapting to it, and with this technology and software advancement includes database management systems. Database management systems have become a crucial tool in every organization. It will be rather more surprising to see a company not using DBMS in this age. As organizations emerge and grow by years, they have numerous data sets to handle and database management systems is a software applicationRead MoreComputer Is The Security And Reliability801 Words   |  4 Pageslayer of software so-called operating system runs the whole hardware in accordance with the user commands. The OS is the piece of software which allocates the hardware resources to the processes depending on their priority and usage. It thus protects the hardware components from being used by unwanted processes and safeguarding them in real-time. One of the crucial aspect that highlights when dragging a discussion about hardware resources is the Database. A database can be simply defined as the informationRead MoreThe Evolution Of The Data Stored Essay1556 Words   |  7 PagesHowever, the evolution of how the data stored, combined, analyzed and used to predict the pattern and tendencies of consumers has evolved as technology has seen numerous advancements throughout the past century. In the 1900s databases began as â€Å"computer hard disks† and in 1965, after many other discoveries including voice recognition, â€Å"the US Government plans the world’s first data center to store 742 million tax returns and 175 million sets of fingerprints on magnetic tape.† The evolution of data andRead MoreDatabase Analysis : Database Management System1114 Words   |  5 Pageson database environment and development process. Database is an organized collection of logically related data. It consists of tables, queries, views and other objects. Database management system is a software system used for creating and managing databa ses. It is a collection of programs used to store, modify and extract information from database. It helps users and programmers for creating updating and managing the data in a systematic way. There are many types of database management system rangingRead MoreHcs 533 Study Education on Your Terms/Hcs533Study.Com Essay866 Words   |  4 Pageshealth care environment is constantly changing, new systems arise every day with terminology of their own to reflect the changes. As a health care professional, it is important for you to stay up-to-date with the terminology and its proper use. Define each term in the table below. There’s only one definition for each terminology. -------------------------------------------------------------------- HCS 533 Week 2 Individual Assignment Database Worksheet (2 Set) FOR MORE CLASSES VISIT www.hcs533studyRead MoreThe Effective Managing Of Data1110 Words   |  5 Pagesprocessing (Strasser, 2014). Data management is defined as process of formation and implementation of architectures, policies, practices and methods to deal with information lifecycle requirements of the organization in a successful way (Rouse, n.d.). It is basically a business task that creates and executes the acquisition, control, secure, distribute and improvement of data (Sucha, 2014). Data is an important asset that has a business value. Well-defined data management processes are used for maintainingRead MoreNo Pains No Gains : Distributed Database Solutions1737 Words   |  7 PagesGAINS: DISTRIBUTED DATABASE SOLUTIONS CSC 633 RAJEEV SAGAR REDDY MERUGU. INTRODUCTION: Database management has undergone more than four decades of evolution producing vast range of research and extensive array of technology solutions. The database research community and software industry has responded to numerous challenges resulting from changes in user requirements and opportunities presented by hardware advances. The relational database approach as represented by SQL databases has been particularlyRead MoreGary Dessler Human Resource Management 14th Edition1672 Words   |  7 PagesGary Dessler Human Resource Management 14th Edition.pdf Download Gary Dessler Human Resource Management 14th Edition.PDF Now Gary Dessler Human Resource Management 14th Edition - Are you looking for ebook gary dessler human resource management 14th edition PDF? You will be glad to know that right now gary dessler human resource management 14th edition PDF is available on our online library. With our online resources, you can find gary dessler human resource management 14th edition easily withoutRead MoreEvolution of Data Models1122 Words   |  5 PagesThe Evolution of Data Models The quest for better data management has led to different models that attempt to resolve the file system’s critical shortcomings. Because each data model evolved from its predecessors, it is essential to examine the major data models in roughly chronological order. 1.1 The Hierarchical Model A Hierarchical Database Model is a data model in which the data is organized into a tree-like structure. The structure allows representing information using parent/child relationships:Read MoreQuestions On A Enterprise And Community Edition798 Words   |  4 Pagesto fine tune the data manipulation process. Kettle is an ETL tool, which modifies the concept of ETL (Extraction, Transformation, and Loading) to ETTL, which is:- †¢ Data Extraction from source databases. †¢ Transport of the data. †¢ Data Transformation. †¢ Loading of data into a data warehouse. Various databases are supported by Kettle ETL, they are as follows: †¢ Oracle †¢ MySQL †¢ MS Access †¢ IBM DB2 †¢ Sybase †¢ dBase †¢ MS SQL Server The main components are: †¢ Spoon – A graphical tool to create ETL process

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. Agile software development methods: Review and analysis.arXiv preprint arXiv:1709.08439. Box, G.E., Jenkins, G.M., Reinsel, G.C. and Ljung, G.M., 2015.Time series analysis: forecasting and control. John Wiley Sons. Buehlmaier, M.M. and Whited, T.M., 2016. Are financial constraints priced? Evidence from textual analysis. Chapuis, C., Bedouch, P., Detavernier, M., Durand, M., Francony, G., Lavagne, P., Foroni, L., Albaladejo, P., Allenet, B. and Payen, J.F., 2015. Automated drug dispensing systems in the intensive care unit: a financial analysis.Critical Care,19(1), p.318. Cinelli, M., Coles, S.R. and Kirwan, K., 2014. Analysis of the potentials of multi criteria decision analysis methods to conduct sustainability assessment.Ecological Indicators,46, pp.138-148. Cortazar, P., Zhang, L., Untch, M., Mehta, K., Costantino, J.P., Wolmark, N., Bonnefoi, H., Cameron, D., Gianni, L., Valagussa, P. and Swain, S.M., 2014. Pathological complete response and long-term clinical benefit in breast cancer: the CTNeoBC pooled analysis.The Lancet,384(9938), pp.164-172. Evangelou, E. and Ioannidis, J., 2013. Meta-analysis methods for genome-wide association studies and beyond.Nature Reviews Genetics,14(6). Fleisher, C.S. and Bensoussan, B.E., 2015.Business and competitive analysis: effective application of new and classic methods. FT Press. Glasserman, P., 2013.Monte Carlo methods in financial engineering(Vol. 53). Springer Science Business Media. Hans, R.T., Chuene, N.D., Lepota, C.K. and Masuku, M.V., 2014. Using a web-based application to assist project management students learn financial analysis methods. In2014 International Conference on Teaching and Learning in Computing and Engineering(pp. 29-32). Isard, W., Azis, I.J., Drennan, M.P., Miller, R.E., Saltzman, S. and Thorbecke, E., 2017.Methods of interregional and regional analysis. Taylor Francis. Jensen, K., 2013.Coloured Petri nets: basic concepts, analysis methods and practical use(Vol. 1). Springer Science Business Media. Kallala, R.F., Vanhegan, I.S., Ibrahim, M.S., Sarmah, S. and Haddad, F.S., 2015. Financial analysis of revision knee surgery based on NHS tariffs and hospital costs.Bone Joint J,97(2), pp.197-201. Kou, G., Peng, Y. and Wang, G., 2014. Evaluation of clustering algorithms for financial risk analysis using MCDM methods.Information Sciences,275, pp.1-12. Laudon, K.C. and Traver, C.G., 2013.E-commerce. Pearson. Ott, R.L. and Longnecker, M.T., 2015.An introduction to statistical methods and data analysis. Nelson Education. Rigamonti, L., Ferreira, S., Grosso, M. and Marques, R.C., 2015. Economic-financial analysis of the Italian packaging waste management system from a local authority's perspective.Journal of Cleaner Production,87, pp.533-541. Schmidt, F.L. and Hunter, J.E., 2014.Methods of meta-analysis: Correcting error and bias in research findings. Sage publications. Smailovi?, J., Gr?ar, M., Lavra?, N. and Ã… ½nidari?, M., 2014. Stream-based active learning for sentiment analysis in the financial domain.Information sciences,285, pp.181-203. Sullivan, S.D., Mauskopf, J.A., Augustovski, F., Caro, J.J., Lee, K.M., Minchin, M., Orlewska, E., Penna, P., Barrios, J.M.R. and Shau, W.Y., 2014. Budget impact analysisprinciples of good practice: report of the ISPOR 2012 Budget Impact Analysis Good Practice II Task Force.Value in health,17(1), pp.5-14. Tyanova, S., Temu, T., Sinitcyn, P., Carlson, A., Hein, M.Y., Geiger, T., Mann, M. and Cox, J., 2016. The Perseus computational platform for comprehensive analysis of (prote) omics data.Nature methods,13(9), pp.731-740. Velasquez, M. and Hester, P.T., 2013. An analysis of multi-criteria decision making methods.International Journal of Operations Research,10(2), pp.56-66. Vogel, H.L., 2014.Entertainment industry economics: A guide for financial analysis. Cambridge University Press. Wieland, V., Afanasyeva, E., Kuete, M. and Yoo, J., 2016. New methods for macro-financial model comparison and policy analysis.Handbook of Macro