You are the Owner of the President Theater. It is also your full time job, for which you draw a salary to live on. Two years age, the President Theater had a small loss. Last year, facing a much larger loss, you went to the Bank and borrowed an additional $100,000. The Bank, however, has said that the current amount is the maximum that your business can borrow. The business now needs to put together a Business Plan or Budget for the coming year. If you run out of eash, you will go out of business, lose the theater, and your job. Good Luck. Prepare a completing the Yellow Areas on "Budget Questions and Answers" and on "Budget Financial Forecast" There are three parts to this assignement 1) Explain some of the Computations IN YOUR OWN WORDS. 2) First Cut Budget - Based on what you think will happen to your costs and 3) The Second Cut Budget are changes that you can make to stay in business and keep the Theater open for another year. 4) What You might Change in a Third Cut Budget Success will be a Positive Cash Balance at the End of the Final Budget. If you have Cash Left (and Explained Why), you win. 2 Follow the Instructions IN ORDER on "Budget Questions and Answers" Only Only Only Enter in Yellow Colored Cells, Like B3 You may work together on this, however, every student should do their OWN file. You are the Owner of the President Theater. It is also your full time job, for which you draw a salary to live on. Two years age, the President Theater had a small loss. Last year, facing a much larger loss, you went to the Bank and borrowed an additional $100,000. The Bank, however, has said that the current amount is the maximum that your business can borrow. The business now needs to put together a Business Plan or Budget for the coming year. If you run out of eash, you will go out of business, lose the theater, and your job. Good Luck. Prepare a completing the Yellow Areas on "Budget Questions and Answers" and on "Budget Financial Forecast" There are three parts to this assignement 1) Explain some of the Computations IN YOUR OWN WORDS. 2) First Cut Budget - Based on what you think will happen to your costs and 3) The Second Cut Budget are changes that you can make to stay in business and keep the Theater open for another year. 4) What You might Change in a Third Cut Budget Success will be a Positive Cash Balance at the End of the Final Budget. If you have Cash Left (and Explained Why), you win. 2 Follow the Instructions IN ORDER on "Budget Questions and Answers" Only Only Only Enter in Yellow Colored Cells, Like B3 You may work together on this, however, every student should do their OWN file
