Required:

1. Update the records in the case study for Zoe’s budget by completing i. Fig. 2, 3 and 4

2. Using the case study, calculate the budgets for income, expenditure and profit.
 

Managing Budgeting - The Party Entertainer - Bags of Fun Background Zoe, the owner of Bags of Fun was a skilled magician, musician and singer. Whilst she was a student, she worked as a part-time entertainer at children's birthday parties. As she felt that she knew the market well, she decided after taking her Level 3 BTEC in Business, to expand this into a business and become a full- time party entertainer. Using her contacts, past customers and her experience she was able to carry out research to help her forecast her sales (figure 1). Zoe believed that her market research was good. In particular, some detailed market research data on income and expenditure that she obtained from a business adviser had been very useful Figure 1: Forecast demand for Zoe as a party entertainer June 2017 to May 2018 June 2017 To August 2017 September 2017 To November 2017 December 2017 March 2018 To February 2018 To May 2018 Number of parties 45 45 60 75