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AN EVALUATION OF WORKING CAPITAL FOR THE
SUCCESSFUL MANAGEMENT OF HAMDALA HOTEL, KADUNA
ABSTRACT
This research
is based on the evaluation of working capital for the successful management of
Hamdala Hotel. The research begin with the introduction which contains the
background statement of the problems, objective, significance, scope limitation of the study and definitional of
terms. Chapter two the research take a critical look at literature review of
the entire working capital management, all these are well defined and explained
in the chapter, chapter three of the research work explained the research
methodology used in collection of data. In chapter four, the researcher analyzed
and interpreted the data collected from the table based on the questionnaire
distributed finally, chapter five comprises of the summary, conclusion and
recommendations.
TABLE OF CONTENTS
Chapter one
1.1
Background of the study
1.2
Statement of the problem
1.3
Objectives of the study
1.4
Significance of the study
1.5
Research question
1.6
Scope of the study
1.7
Limitation of the study
1.8
Definition of terms
Chapter
two
Literature
review
2.1 Introduction
2.2 The concept of working capital
2.3 The need for working capital
2.4 Determination of working capital
2.5 Dimension of working capital management
2.5.1 Management of cash and marketable
securities
2.5.2 Objectives of cash management
2..5.3 Cash management strategies.
2.6 Marketable securities
2.6.1 Management of receivable
2.6.2 Factors in credit policy and control
2.7 Cost and benefit of credit extension
2.8 Inventory management
2.8.1 Objectives of inventory management
2.8.2 Levels of inventory management
2.8.3 Inventory management techniques
2.8.4 Assumption of economic order quantity.
CHAPTER
THREE
Research methodology
3.1 Introduction
3.2 Research Design
3.3 Area of the study
3.4 Population of the study
3.5 Sample size and sampling techniques
3.6 Instrument of data collection
3.7 validation of instrument
3.8 Reliability of instrument
3.9 method of data collection
3.10 Method of data Analysis.
Chapter four
Data presentation and analysis
4.1 Introduction
4.2 Characteristics of Respondent
4.3 Data presentation and analysis
4.4 Summary Discussion of Findings
Chapter
five
5.1 Summary
5.2 Conclusion
5.3 recommendations
Chapter one
Introduction
A
firm usually evaluates its working capital management whether small or medium.
The sole motive of every business is to make profit.
Many
organization can be seen to have bee forced out of business simply because of
inadequate or excessive management of working capital.
This
could be as a result of overtrading, under trading, lack of a careful appraisal
of the procedure of organization of business and probably due to future to
review the effectiveness or other wise of existing system of control.
In
this chapter, the concept and general principle of working capital in relation
to choosing organization of study, there is no company required, but it is an
obvious fact that its current assets are insufficient to meet current
liabilities, that is there is no working capital. The organization will be
unable to satisfy the requirement of its customers and will not be in a
position to settle its debts as they arias and will be at the mercy of
creditors who might enforce its liquidity.
1.1 background of the study
Kaduna
Hotels company limited (Hamdala Hotel) Kaduna, the only premier Hotel in the
north and one of the three in the whole name is a wholly owned subsidiary of
new Nigeria development company (NNDC) and by extension the government of the nineteen
(19) northern states.
The
hotel became fully operational in the year 1963. From the in caption of the
hotel to the year 1998, the hotel developed to company limited, this makes
Hamdala autonomous and is headed by a managing director along with a team of
management staff. The Hotel has a total of seventy eight (78) skillful and trained
personnel both senior and junior.
Hamdala
Hotel has over the year built a good image for itself due to good facilities
and services delivery.
1.2 statement of the problem
it
appears that some company (s) have the problem of managing their working capital.
This has resulted to the poor capital. This has resulted to the poor working
capital in many organization. Hence, it
is because of this phenomenon that this study tries to examine the evaluation
of working capital for the successful management of Hamdala Hotel
1.3 objectives of the study
The
objective of the study are as follows:
1. To
examine the problems of working capital management of the orgnaizatiopn.
2. To
examine how working capital would be managed.
3. To
ascertain it working capital management capable of solving the problem of the
organization.
4. To
highlight how the problem could be evaluated and managed within a well
structured framework.
1.4 Significance of the study
The
researcher work would be of great benefit to the researcher as part of the
fulfillment of the requirement of the award of Higher National Diploma in
Business Administration and Management. Also managers, working capital
administrators, government and students would benefit as it provides and
impetus for future study on effective working capital management
For
greater productivity in organization the researcher also highlight the
attendant consequences of poor capital management on productivity and the way
forward ion achieving optimum result.
1.5 Research question
1. What
is the problem of working capital for the successful management of an
organization.
2. How
working capital would be managed.
3. Does
effective working capital solve the problem of
a company.
4. How
the problem of working capital would be solved.
5. What
is the prospect of working capital of enterprises in Nigeria.
1.6 Scope of the study
The
researcher study will primarily focus on the problems of working capital
management of Hamdala Hotel Kaduna,
Kaduna North Local Government Council. The researcher is constrained by certain
factors which prevent the exhaustive discussion of the research topic, such
factors includes;
i.
Inability to lay hands on proper
document because such or some of the documents were tagged confidential that
is, going through them might be an intuition in their privacy.
ii.
Unavailability of funds hinders the
ability to go deep into the research work.
iii.
Inability to have physical interaction
with the manager of the company.
iv.
Most impartiality, most publication
may not present the actual state of affair thereby, giving misleading
information to any researcher that come across such publication.
1.7 Limitation of the study
There
are some basic problems and hardship that were encountered in the process of
collecting the data. Lack of disclosure of some vital information to the
researcher hampered the study in no small measure. Strict adherence was served
on some of the study and all information supplied in the conduct of the study
were kept confidential.
Time
factors, semester work load and financial constraints also proof great problem
to the researcher.
1.8 Definition of terms
This
segment will be use to define various terminologies used in this research.
Working capital:
Is a financial metric which recusants the amount of days by day operating
liquidity available to the business.
Evaluation:
Is the systematic acquisition and assessment of inflammation to provide useful
feedback about some object.
Working capital Management:
Involves the relationship between firms short term assets and its short term
liabilities.
Success:
Success can be defined as the gaining of what is aimed at or can be defined as
the achievement of desired goals and objective.
Management:
Management can be defined as the coordination of all the resources of the
organization through the process of planning, organizing, directing and
controlling towards achieving the organizational goals and objective.
Accounts And Finance for Managers Tutorial
ReplyDeleteWORKING CAPITAL MANAGEMENT
INTRODUCTION
OBJECTIVES OF THE WORKING CAPITAL MANAGEMENT
APPROACHES OF THE WORKING CAPITAL
DETERMINANTS OF WORKING CAPITAL
WORKING CAPITAL POLICIES
ESTIMATION OF WORKING CAPITAL REQUIREMENT
CASH MANAGEMENT
MANAGEMENT OF INVENTORIES
RECEIVABLES MANAGEMENT
VARIOUS COMMITTEE REPORTS ON WORKING CAPITAL
LET US SUM UP