Guest

A hotel operated by a company has 180 single rooms and 60 double rooms. The rent of the double rooms is set at 160% of the rent of the single rooms. The operational costs per day per room are estimated as under :

Variable costs per day for a single room and a double room are Rs.300 and Rs.500 respectively.
Fixed costs per day for a single room and a double room are Rs.500 and Rs.780 respectively.


The average occupancy of both the single rooms and double rooms is expected to be 85% throughout a year of 365 days. In fixing the room rent, the company desires to earn a margin of safety of 20% on its tariff.
Required :
(i) Calculate the tariff per day per (1) Single room and (2) Double room.

(ii)

The hotel intends to reserve the normal occupancy of 12 single rooms for one of its valued corporate customers at a discount (excluding tax) of 10% of the rent What increase in the occupancy of the remaining single room days is required to compensate the loss arising from the discount.


kayomus
29 April 2008 at 23:43

May 2008 Attempt

Hii
I have registered to appear for both groups of CA final in May 2008 however i m prepared for only group 2 is it ok if i directly attend the grp 2 papers without attempting the group 1
will i be considered passed for group 2 or if i get an exemption will it be considered
please help and clarify at your earliest
THanks


SUBRAHMANYA SRINIVAS M.V.
29 April 2008 at 23:06

cenvat credit

can an assessee avail cenvat credit on capital goods purchased before getting the registration with service tax department.


jose

along with name of publishers and full name of the book.


deepti
29 April 2008 at 20:44

Career in UK

Is Indian CA recognized in UK? Will it be beneficial to pursue any of the courses in UK ?If so which one ICASW,ACCA or CIMA or any other course. As I wish to make a career in Internal Audit in UK.


Deepakoza

can we utilise share premium account for issuing of bonus share, currently if company do not have equity share premium but have issued convertible preference at a premium (fully paid)
whether pref.shares need to be coverted into equity share before issue of bonus share?
Are there any guidelines for issue of bonus share by pvt.co.?


Sudheer J. Sarvate
29 April 2008 at 19:41

Cenvat Credit

We want to take cenvat credit of service tax which we have paid in cash on input services taken by us in the month of July 07 ,Aug 07 ,Sept 07 ,Oct 07, Nov 07,Dec 07, Jan 08, Feb 08,Mar 08.

Can we Claim cenvat credit for above months on 1st April 2008 & utilise the same against excise duty payable on manufacturing of goods.

If yes can we take of all the months mention above or from which month we can take


SHEEJITH
29 April 2008 at 19:15

Construction services

A private limited company entered into an agreement with the Builders for construction of Roads to the site where construction of Flats, Villas, School etc are going to be done by the builders. Amount charged by pvt ltd company 1.25 crore

The private limited company gives the contract to another company for the construction of the road for 1.00 crore

Whether the private company is liable to service tax who is actually not doing constrction of the road directly?


Sarvesh Mani Tiwari,CFA(ICFAI)
29 April 2008 at 18:40

E.TDS Return Filling (New Comapny)

A new company formed Jan.08,No TDS deduted 24Q & 26Q,is there any complsion for filling return Q4 AY 2008-2009?





khaleel

HI SIRS G.V IN MY PREVIOUS QUESTION I HAD ASKED U THAT IHAVE PASSED MY CPT IN AUG 2007 N FAILED MY 10+2 IN MARCH 2007 N NOW I HAD PASSED MY 10+2 II MAY 2008 CAN I REGISTER FOR PCC OR I SHOULD WRITE CPT AGAIN U HAVE SAID THAT I CAN REGISTER FOR PCC N NOW IWANT TO ASK that my sir has said me to conform from iaci by calling other wise i would be booked under the case of cheating and i cant do ca in my life for which i have lot of respect pls clarify n give me the p.h no of icai to ask this question . pls sir. thank uuu






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