PROJECTEDSALESBUDGET2018
MONTH	SALES
JANUARY	67500
FEBRUARY	37500
MARCH	40500
APRIL	35500
MAY	32500

JUNE	37500
JULY	31500
AUGUST	35500
SEPTEMBER	37500
OCTOBER	32500
NOVEMBER	42500
DECEMBER	67500
TOTALINCOME	500,000
LESSCOGS(CostofGoodsSold)	150,000
=GROSSPROFIT	350,000
PROJECTEDANNUALEXPENSESBUDGET2018
WAGES	125,000
PERMITS/LICENSES	2000
RENT	25000
INSURANCE	11500
MARKETING/WEBSITE	10500
ELECTRICITY	12500
GAS	12500
WATER	11500
RATES	12500
PHONE	12500
INTERNET	9500
CLEANING	10,000
TOTALEXPENSES	255,000
NETPROFIT	95000

These changes are as follows:

Increase in wages 5%

Increase in COGS by 3% in

Increase in expenses by 2%

Increase in sales by 12%

PROJECTED SALES BUDGET Year 4
MONTH	SALES
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
TOTAL INCOME
LESS COGS (Cost of Goods Sold)
GROSS PROFIT
PROJECTED ANNUAL EXPENSES BUDGET 2018
WAGES
PERMITS / LICENSES
RENT
INSURANCE
MARKETING / WEB SITE
ELECTRICITY
GAS
WATER
RATES
PHONE
INTERNET
CLEANING
OTHER EXPENSES
TOTAL EXPENSES
NET PROFIT

Part A: Present Budget Draft

You are to arrange a meeting time and date with the owner of VIT caf (assessor who will play the role of the owner of VIT caf) to discuss your draft budget. The purpose of this meeting is to:

Present your budget and negotiate your budget for approval

Discuss any changes with income and expenditure priorities with the VIT owner

Compromise where appropriate, and include changes as negotiated with your manager (trainer) and your peers (classmates)