Analyzing Company Expenditure Table: Travel and Hospitality Average

This question asks us to analyze the provided table showing a company's expenditure over five years (2016 to 2020) across different categories like Salary, Travel, Hospitality, Interest on Loans, and Taxes. We need to calculate the average expenditure specifically for the categories of Travel and Hospitality combined, over this five-year period.

To find the average expenditure on Travel and Hospitality from 2016 to 2020, we first need to find the total expenditure for each of these items across all these years. Then, we add the totals for Travel and Hospitality to get the combined total expenditure for these two categories over the five years. Finally, we divide this combined total by the number of years (which is 5) to find the average.

Calculating Total Expenditure on Travel (2016-2020)

• Expenditure on Travel in 2016: 70 Lakh Rupees
• Expenditure on Travel in 2017: 65 Lakh Rupees
• Expenditure on Travel in 2018: 72 Lakh Rupees
• Expenditure on Travel in 2019: 75 Lakh Rupees
• Expenditure on Travel in 2020: 84 Lakh Rupees

Total Travel Expenditure = \(70 + 65 + 72 + 75 + 84\)

Total Travel Expenditure = \(366\) Lakh Rupees

Calculating Total Expenditure on Hospitality (2016-2020)

• Expenditure on Hospitality in 2016: 30 Lakh Rupees
• Expenditure on Hospitality in 2017: 33 Lakh Rupees
• Expenditure on Hospitality in 2018: 35 Lakh Rupees
• Expenditure on Hospitality in 2019: 40 Lakh Rupees
• Expenditure on Hospitality in 2020: 43 Lakh Rupees

Total Hospitality Expenditure = \(30 + 33 + 35 + 40 + 43\)

Total Hospitality Expenditure = \(181\) Lakh Rupees

Calculating Total Expenditure on Travel and Hospitality Combined (2016-2020)

Combined Total Expenditure = Total Travel Expenditure + Total Hospitality Expenditure

Combined Total Expenditure = \(366 + 181\)

Combined Total Expenditure = \(547\) Lakh Rupees

Calculating the Average Expenditure on Travel and Hospitality

The number of years considered is from 2016 to 2020, which is 5 years.

Average Expenditure = \(\frac{\text{Combined Total Expenditure}}{\text{Number of Years}}\)

Average Expenditure = \(\frac{547}{5}\)

Average Expenditure = \(109.4\) Lakh Rupees

Therefore, the average expenditure on Travel and Hospitality during the years 2016 to 2020 is 109.4 Lakh Rupees.

Revision Table: Key Expenditure Calculation Steps

Additional Information: Understanding Financial Data Tables

Tables showing expenditure over different years are a common way to present financial data. They help in understanding trends and patterns in spending. Analyzing specific expenditure items like Travel and Hospitality can give insights into operational costs. Calculating averages helps in getting a typical value over a period, smoothing out yearly fluctuations. Data Interpretation questions based on such tables often require calculating sums, averages, percentages, ratios, and identifying trends or differences between categories or years. Always pay close attention to the units (e.g., Lakh Rupees) and the specific items and years requested in the question.