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3. Betsy has asked you to enter the income and expenditure data she has given you plus your projections into your accounting system to prepare

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3. Betsy has asked you to enter the income and expenditure data she has given you plus your projections into your accounting system to prepare the draft revenue budget for the upcoming year. You may use an accounting software package or alternatively you could use a Microsoft Excel (or similar software) spreadsheet. If you use spreadsheet software make sure you use the headings: income. cost of sales, gross profit, expenses and operating prot. Enter the data with 0 decimal places. a) Prepare an email that you can send to the other managers at the B&B, and John Marino seeking their input and feedback. Attach your draft budget and ensure that you provide them with enough information so that they can make a judgement of how and why you have allocated funds as you have. Submit this email to your assessor as if they were one of the managers. b) Print a copy of your draft budget and submit it to your assessor (in the role of Betsy) along with a memo explaining: I the extra expenditure for discussion and approval (beds and kitchen appliances) I a discussion on the internal and external factors that couid have an impact on the budget. Discuss at least three internal and three external factors

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