11 Jun Project 2 Choice Hotels Executive Summary Preparation
SAMPLE EXECUTIVE SUMMARY:
| Executive Summary
Purpose of Report The City of Savannah’s recycling program was designed and implemented in order to meet the city’s civic responsibilities and to comply with the State of Georgia’s Comprehensive Solid Waste Management Act as it relates to aluminum, glass and plastic containers. The purpose of this report is to: · Determine the degree of public awareness of the recycling program · Suggest ways to increase citizen participation in the program Methods A questionnaire survey was conducted to assess the community’s current recyclying habits and to ascertain the degree of participation in city’s program. A total of 1,041 responses were analyzed. Because Savannah’s recyclying program collects only aluminim, glass and plastic containers, these were the only materials included in the survey. Findings and Conclusions A substantial majority (64%) of respondents rated recycling as “Important” or “Very Important.” A lesser percentage (38%) indicated that they currently recycle at work. An even smaller percentage (17%) particicpate in the city’s program. Two major reasons for their non-participation were highlighted: 1. Not knowing the location of the city’s recycling centers 2. Lack of convenient acccess to the recycling centers Results of this study indicate that citizens view recycling as important and will do so when convenient. However, locations of the city’s recycling centers are either unknown or too inconvenient for the program to achieve the desired level of participation. A substantial effort needs to be made to overcome these barriers.Recommendations for Increasing Participation Cost-effective, scalable recommendations include: · Increasing promotion of the city’s recycling program through a coordinated campaign of PSAs. · Relocating recycling bins and adding attractive signage · Doubling the number of recycling bins · Developing an incentive program for business participation |
Subheadings The summary’s subheadings should reflect the report’s main divisions. Subheadings of the executive summary should not be worded the same as those of the main report.Purpose Statement Provide purpose of the report in a concise format using present tense. Findings & ConclusionsResults are reported in condensed form without reference to tables or appendices. Lists are used when possible.Recommendations Recommendations should also be in list form as much as possible. |
================================ Below is what the Tutor had drafted.======
Executive summary
Choice hotels continue to record positive returns that indicate a financially healthy company for an investment. The company has recorded a high increase in revenues of 10.63% that surpasses the increase in operating expenses by 4% with net increase in the company cash flows from $30,916 to 233,336 in 2018 from 2017. The performance ratios indicates that the company is not having a solvency issues since the quick and the current ratios are positive and indicates that the current assets exceeds the current liabilities held by the company. Choice hotels are also able to finance its debt obligation comfortably, which reduces the default risks of the company and allows it to access better financing options. However, the asset to debt ratio of the company shows that Choice hotel is heavily relying on debt to finance its assets while the assets held are having a low contribution towards the company’s profitability. Several recommendation is critical for the further improvement of the company. There is need to focus on other sources of finance that have little negative impact on the financial cash flows. The hotel should focus on using internal sources of finance as a measure of reducing the asset to dent ratio. The pricing of the products need to move to the ABC method where to allow for the allocation of costs to the activities that cause the costs to arise. The ABC costing will also give room for the company to arrive at the right price that covers all the costs incurred to produce the units. The use of ABC costing requires the increment of the presidential suite to at least 1,085,562 plus the desired mark up. The changes will see an improvement in the reruns in capital and assets
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