3. Financial Management

A budget is a critical element of this networking conference. As the Business Manager, you are required to draft the budget to fund the conference and must ensure that A & R Entertainment realize a profit of $300,000.00.

a. Determine the registration fee to be charged to each participant.

b. Use a template to generate the income and expenditure budget for the business networking conference. The expected profit from the conference is $300,000.00

Additional information:

Cost for venue.$ 250,000.00 per day

Advertising $100,000.00

Decoration and banner $50,000.00

Stationery (including: press kit and name tags) $80,000.00

Food and Refreshments $ 3,000.00 per day per person

You will be required to include additional expenses that the conference may incur.

Sub-total = 20 marks

4. Financial Forecast & Feedback

As the manager of A & R Entertainment, you are required to complete the cash flow forecast and provide a feedback to the director. Your cash flow forecast will predict the bank balance at the end of each month for every month of the year. Use the information below to complete this task.

a. A & R Entertainment has on its books four (4) major events to run, which will take place in March, May, August, and October.

b. The total of $2,850,000.00 of ticket sales will be earned in the months that the events are held. The March event will earn $650,000.00, and the other events in May, August and October will earn $700,000, $850,000 and $650,000.00 respectively.

c. Expenditure on casual salaries, travel and transport, and venue hire, will occur only in the months in which the four events take place. These expenditures will be the same for each event.

d. Salaries and office and administration expenses will occur evenly every month.

e. The company's opening bank balance on 1st January is $50,000.00.

f. The company will receive a grant of $500,000.00 in July.

g. The company will make a small income from merchandising during the months in which the four events are staged. The event in March will earn $13,000.00 in merchandising income, and the other events in May, August and October will earn $16,000.00, $18,000.00 and $13,000.00 respectively.

Additional information:

Expenditure

Salaries $ 1,200,000.00

Casual Wages $ 100,000.00

Office and Admin Expenses $ 360,000.00

Travel & Transport $ 560,000.00

Venue Hire $ 240,000.00

You are required to:

a. Generate the cash flow forecast for January to December 2017.

b. Prepare a summarised report of the forecast for the year with a cover letter to the Director of the company.

Sub- total = 20 marks

The Case

A & R Entertainment of 25 Mountain Road, Kingston, was hired by MJA Consultancy Co. Ltd of 1A Valley Drive, Montego Bay, St James, to plan a 2-day business networking conference. MJA is expecting 200 persons to participate in the conference. The conference will be held at the Clutzforth Court Hotel, 16 Chelsea Avenue, Kingston 5. It will host 6 speakers at an honorarium of $30,000.00 per speaker.

The Director of A & R Entertainment had a team meeting to discuss several key objectives needed to ensure that the event is a success. You were appointed as the planning manager, and you were tasked with the following activities:

based on the case provided question 3&4 must be answered

2. Financial Management A budgementer i working conference. As the Business Manager, you we required to draft the borget to fund the conference and must ensure that A & Entertainment in a prole of $300,000.00 * Determine the registration fee to be charged to each panopart Ule a template te generate the home and expenditure budget for the business networking conference. The expected proft from the conference is $300.000.00 Additional formation Cast for we Decoration and banner Sandgrandes Food and Refreshments 250.000 per day 300 0000 50,000.00 000.00 3.000000 You will be required to include additional res that the conference may incur Sub total = 20 mars 4. Financial Forecast Fredback As the manager of A&R Entertainment you we required to complete the cash flow forecast and provide feedback to the director. Your cash flow forecast will predict the bank balance at the end of each month for every month of the yearUse the information below to complete listak A&R Entertainment has onts books for more to which will place in March May, August and October The total of 2,850,000.00 ut icket sales wil besamed in the months that the events are held The Man vet wil 600.000.00, and the other events in May, August ad October will a $700.000 $450,000 and 650.000 respectively c. Expenditure en catures, transport and here we couronly in the month instiche four events a place. These expenditures were same for each event 4 Series and office and an expenses occur event everyone . The company's coming banke on 19 January 350,000.00 The company will receive a grant of $500,000.00 in July The company will make a small come from merchandising during the months in which the four sa staged. The event in March will earn $13.000.co in marchandising income, and the Other events in May, Augustand October will can $16,000 00, 518,000 and $13.000.00 retectively Additional information Expenditure S Casual We Oficeringens Travel Transpon Venere 1 200 000 00 100 000.00 350.000.00 560 000.00 240.00000 You are required # Generale e cash flow forecast for try to December 2017 Prepare a summarised report of the forecast for the year with a cover letter to the Director of the company Sub-tot 20 mart 3. Financial Management Abudget a crticalement of this networking contence. As the Business Manager you are request to craft the button to fund the conference and must ensure that A&R Entertainment profit of $300,000.00 Determine the registration fee to be changed to each participant Uw gal to generate the home despertare budget for the business newing Conference. The expected profit from the conference is $300.000.00 Additional Wormation Conte Aduertung Decoration and baner Wedne Food and Retre 250,0000 per 10000000 50.000.00 RUDO 3.000.00 per day You will be required to include additional expenses that the conference may incut Sub-total-20 marks Financial Freast Feedback As the manager at A&R Entertainment you we required to complete the chow recent and provide a feedback to the drediorYour cash flow forecast wil predict the bank balance at the end of each month for every month of the year. Use the information below to complete this task A&R Entertainment on to books for mor events to run, which will take place in March, May, Augustandote The total of 2,800,000.00 of ticket sales wit be earned in the months that the events are the The March event will on 650.000.00, and the other events in May, Augustand October a $700 000 5850 000 od 650.000.00 Expenditure on casual salaries, wave and transport and venue he wou only in the month in which the four events the place. These expenditures will be the same for each event Standoffice and administration expenses wlotour every every month The company's opening bank balance on January is $50,000.00 The company will receive a grant ar 5500,000.00 The company wil te small income from marching during the most woh the events aged. The event in March will 513,000.00 in merchandising income, and the other events in May, Augustand October wil eam 516,000.00 $12.000.00 and 513.000.00 respective . Additional Expenditure $ Casa Wam Ofice and Admin penses Travel & Transport Venue Hire 1200,000.00 10000000 160.00000 560 000.00 240 000.00 You are required Ganesh flow for forry to December 2017 Prepare a summarised report of the forecast for the year with a cover letter to the Director ose company 2. Financial Management A budgementer i working conference. As the Business Manager, you we required to draft the borget to fund the conference and must ensure that A & Entertainment in a prole of $300,000.00 * Determine the registration fee to be charged to each panopart Ule a template te generate the home and expenditure budget for the business networking conference. The expected proft from the conference is $300.000.00 Additional formation Cast for we Decoration and banner Sandgrandes Food and Refreshments 250.000 per day 300 0000 50,000.00 000.00 3.000000 You will be required to include additional res that the conference may incur Sub total = 20 mars 4. Financial Forecast Fredback As the manager of A&R Entertainment you we required to complete the cash flow forecast and provide feedback to the director. Your cash flow forecast will predict the bank balance at the end of each month for every month of the yearUse the information below to complete listak A&R Entertainment has onts books for more to which will place in March May, August and October The total of 2,850,000.00 ut icket sales wil besamed in the months that the events are held The Man vet wil 600.000.00, and the other events in May, August ad October will a $700.000 $450,000 and 650.000 respectively c. Expenditure en catures, transport and here we couronly in the month instiche four events a place. These expenditures were same for each event 4 Series and office and an expenses occur event everyone . The company's coming banke on 19 January 350,000.00 The company will receive a grant of $500,000.00 in July The company will make a small come from merchandising during the months in which the four sa staged. The event in March will earn $13.000.co in marchandising income, and the Other events in May, Augustand October will can $16,000 00, 518,000 and $13.000.00 retectively Additional information Expenditure S Casual We Oficeringens Travel Transpon Venere 1 200 000 00 100 000.00 350.000.00 560 000.00 240.00000 You are required # Generale e cash flow forecast for try to December 2017 Prepare a summarised report of the forecast for the year with a cover letter to the Director of the company Sub-tot 20 mart 3. Financial Management Abudget a crticalement of this networking contence. As the Business Manager you are request to craft the button to fund the conference and must ensure that A&R Entertainment profit of $300,000.00 Determine the registration fee to be changed to each participant Uw gal to generate the home despertare budget for the business newing Conference. The expected profit from the conference is $300.000.00 Additional Wormation Conte Aduertung Decoration and baner Wedne Food and Retre 250,0000 per 10000000 50.000.00 RUDO 3.000.00 per day You will be required to include additional expenses that the conference may incut Sub-total-20 marks Financial Freast Feedback As the manager at A&R Entertainment you we required to complete the chow recent and provide a feedback to the drediorYour cash flow forecast wil predict the bank balance at the end of each month for every month of the year. Use the information below to complete this task A&R Entertainment on to books for mor events to run, which will take place in March, May, Augustandote The total of 2,800,000.00 of ticket sales wit be earned in the months that the events are the The March event will on 650.000.00, and the other events in May, Augustand October a $700 000 5850 000 od 650.000.00 Expenditure on casual salaries, wave and transport and venue he wou only in the month in which the four events the place. These expenditures will be the same for each event Standoffice and administration expenses wlotour every every month The company's opening bank balance on January is $50,000.00 The company will receive a grant ar 5500,000.00 The company wil te small income from marching during the most woh the events aged. The event in March will 513,000.00 in merchandising income, and the other events in May, Augustand October wil eam 516,000.00 $12.000.00 and 513.000.00 respective . Additional Expenditure $ Casa Wam Ofice and Admin penses Travel & Transport Venue Hire 1200,000.00 10000000 160.00000 560 000.00 240 000.00 You are required Ganesh flow for forry to December 2017 Prepare a summarised report of the forecast for the year with a cover letter to the Director ose company