Business Calculating Essay

Michael Adam Young – s3376831Contact: 0401 884 698

Organization Computing one particular - ISYS2056Wednesday 8. 30am Judy Tolson Contents

Introduction3

Apartment Analysis3

One Bedroom Apartment3

Two Bedroom Apartment3

Deluxe Facility Apartment4

One particular Bedroom Deluxe4

Apartment occupant ratio. a few

One Room Apartment5

Two Bedroom Apartment5

Deluxe Studio Apartment5

A single Bedroom Luxurious Apartment5

Conclusions5

Recommendations6

Appendix7

Introduction

Shana, an owner manager of 4 holiday apartments (" Seaview Apartments”) in the Melbourne beachside city of Rye, rents away these four apartments to people holidaying/staying inside the area. Shana has used a paper based program up until recently when your woman had a basic spreadsheet unit developed on her behalf to use as her main bookings database. The goal of this statement is to examine profit maximisation and perhaps the properties being used are utilising their optimum profit potential. Apartment Examination

One Bedroom Apartment

During 2011, one bedroom condo was rented for a total of 63 nights, the lowest of all the available bedrooms readily available. After determining the spreadsheet, the low profitability of this room is due to the lower average volume of nights per booking. At 4. five, the average be in this room is very low compared to other rooms. Savings of 15% are applied if booking is for much more than 6 times which would not affect this room's profitability a great deal since the average stay is beneath the 6 evening 15% low cost offer. Even so, takings with this room are lower than some other room ahead of even looking at these discounts as the rooms would be targeted to shorter stay leases which minimizes total revenue potentials. Likewise eating in profits will be the expenses incurred for washing the apartment ($40) after each citizen has left. The higher turnover of residents means that washing expenses in this room total a higher sum than some other room. The cleaning expenditures paid happen to be reasonable. After doing some analysis I found an inexpensive alternative to get $36 per hour (http://www.tydii.com.au/pricing). This could reduce expenditures slightly although not with a great deal. Two Bedroom House

20. 96% of total profit. A bit lower than what you will expect (It is safe to talk about that expectations would be a 25% split between all 5 apartments) but just the same, a much more better percentage of total earnings as compared to the One Bedroom Apartment. Average Revenue is as a result higher than normally the one Bedroom Flat and profitability is more superior than regarding the One Room Apartment (both in top quality and size of the room, since evidenced by the pricing every night of $220. 00). Citizens, who lease contract this room, stay on normal 9 times per stay which means that just about every occupant obtains a 15% discount on their stay. Properly, this means that every single family can rent the space per night pertaining to $187. 00 which decreases the total profit for this house by that percent (15). A $50. 00 washing expense every vacating occupant is also charged but as there are only six bookings for this room, the charge is incurred the very least out of all apartments. Common prices for 2 bedroom apartments in Rye by Aquabelle apartments are $235 midweek, and $285 over a weekend which is $25 higher priced on a weeknight and $65 more expensive on the weekend when compared with Seaview apartments pricing (https://www.thebookingbutton.com.au/properties/AQUABELLAAPTDIRECT?utf8=%E2%9C%93&locale=en&promotion_code=¤cy=AUD&start_date=03+Oct+2012). Deluxe Facilities Apartment

As it is the cheapest available apartment to rent, the Deluxe Facility Apartment offers the second most significant Percentage of total income (30. 81%) and the second largest Common Revenue per night of $39. 12c. It includes the largest quantity of reservations as per the 2011 year (16) and was rented for amounts of times also (129). Profits will be slightly minimised as the Deluxe Studio's were leased, on average, to get a period...

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