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The following items reflect income and expenses associated with a continuing medical education (CME) event hosted by a hospital. As the organizer for this event,
The following items reflect income and expenses associated with a continuing medical education (CME) event hosted by a hospital. As the organizer for this event, you must prepare the budget. Using all of the items provided, format an event budget that reflects income, expenses, and total profit or loss for the event. Income or Expense Category Projected Actual Variance Description/Comments Plico CME grant $ 500.00 $ 500.00 $ - Email content $ 200.00 $ 200.00 $ - Design fee Speaker #2 $ 40.00 $ 40.00 $ - Per Diem Postage, bulk mail charge $ 75.00 $ 75.00 $ - $0.50 per item for 150 brochures Brochure printing $ 300.00 $ 300.00 $ - $2 per item for 150 brochures Registration fees received @ $150 each $ 15,000.00 $13,800.00 $(1,200.00) Projected 100 participants, Actual 92 participants Registration Supplies $ 45.00 $ 60.00 $ (15.00) Posters/event signage $ 100.00 $ 100.00 $ - $25 per item for 4 posters Meeting room charge $ 200.00 $ 200.00 $ - Audiovisual charge $ 250.00 $ 250.00 $ - IT staff on site Speaker #1 $ 500.00 $ 500.00 $ - Flight Speaker #2 $ 500.00 $ 500.00 $ - Flight Meals for attendees $ 750.00 $ 500.00 $ 250.00 Quote for 150, final order for 100 Speaker #1 $ 40.00 $ 40.00 $ - Per Diem Speaker #1 $ 160.00 $ 160.00 $ - Hotel 1 night Speaker #2 $ 160.00 $ 160.00 $ - Hotel 1 night CME Admin Fee $ 1,500.00 $ 1,380.00 $ 120.00 $15 per participant, projected 100, actual 92. Payable to American Medical Association.
| The following items reflect income and expenses associated with a continuing medical education (CME) event hosted by a hospital. As the organizer for this event, you must prepare the budget. Using all of the items provided, format an event budget that reflects income, expenses, and total profit or loss for the event. | ||||
| Income or Expense Category | Projected | Actual | Variance | Description/Comments |
| Plico CME grant | $ 500.00 | $ 500.00 | $ - | |
| Email content | $ 200.00 | $ 200.00 | $ - | Design fee |
| Speaker #2 | $ 40.00 | $ 40.00 | $ - | Per Diem |
| Postage, bulk mail charge | $ 75.00 | $ 75.00 | $ - | $0.50 per item for 150 brochures |
| Brochure printing | $ 300.00 | $ 300.00 | $ - | $2 per item for 150 brochures |
| Registration fees received @ $150 each | $ 15,000.00 | $13,800.00 | $(1,200.00) | Projected 100 participants, Actual 92 participants |
| Registration Supplies | $ 45.00 | $ 60.00 | $ (15.00) | |
| Posters/event signage | $ 100.00 | $ 100.00 | $ - | $25 per item for 4 posters |
| Meeting room charge | $ 200.00 | $ 200.00 | $ - | |
| Audiovisual charge | $ 250.00 | $ 250.00 | $ - | IT staff on site |
| Speaker #1 | $ 500.00 | $ 500.00 | $ - | Flight |
| Speaker #2 | $ 500.00 | $ 500.00 | $ - | Flight |
| Meals for attendees | $ 750.00 | $ 500.00 | $ 250.00 | Quote for 150, final order for 100 |
| Speaker #1 | $ 40.00 | $ 40.00 | $ - | Per Diem |
| Speaker #1 | $ 160.00 | $ 160.00 | $ - | Hotel 1 night |
| Speaker #2 | $ 160.00 | $ 160.00 | $ - | Hotel 1 night |
| CME Admin Fee | $ 1,500.00 | $ 1,380.00 | $ 120.00 | $15 per participant, projected 100, actual 92. Payable to American Medical Association. |
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
