Answer 1
Answer 2
Hotel is working in an enviornment where there is very less certainity about its operations viability, there is an inexperienced staff to forercast the sales and expenses as well as poor marketing team to give strong analysis. It makes sense to prepare a short period sales forecast and focus on its achievement. If any correction is required in forecast or strategy it can be better assessed through this short term cash forecast
Answer 3
They should defer the payment of payroll expenses as employees can understand the situation better then the outsiders, they should be deducted 1/4th of salary in lieu if higher payments afterwards. They can also ask suppliers to defer the payment
Answer 4
Suppliers will account for time value of money in form of interest lost by deferring the payment. This is why for them the investment amount will be less than that of loan amount of hotel.
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