ASSESSMENT TOOL Qualification: SIT60313 Advanced Diploma of hospitality management Cluster number and name: HAD 1.2 Manage finances Units of competency: BSBFIM601 Manage Finances Student's ID: Giovanni Miguel Garcia 43958 Assessor's name Please ensure your name or assessor name is inserted. Number of weeks for this cluster: 5 Make informed estimates of new items given in 'Business plan summary' for inclusion in budget Review statutory requirements given in the case study to prepare a budget that is compliant and correctly documents the company's liabilities for tax. The following formats will be used when preparing Pearl food distributors budgets. You must create similar templates in MS-Excel to prepare budgets and attach the budgets to this task for review by your assessor. Sales and Profit Budgets: PROFIT BUDGET 2018/19 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Revenue Sales - Cost of Goods Sold Gross Profit Expenses - Interest Expense Depreciation expenses - Insurance expenses - Store Supplies - Advertising