Item REVENUES Ticket sales Concessions Tuition fees Donations Corporate underwriters Gala ticket, silent auction revenue Interest Participation fees TOTAL REVENUES EXPENDITURES Artistic Director Rent Utilities Advertising Facilities/maintenance Supplies Royalty fees Production expenses Box Office Concessions Fundraising Capital purchases Bank/charge expenses Class instruction payment to Artistic Director Class expenses Reduce debt TOTAL EXPENDITURES Budgeted 2001 $36,000 $8,500 $6,750 $22,000 $12,000 $6,000 $50 $1,700 $93,000 $26,000 $14,000 $6,500 $3,000 $1,200 $1,200 $10,200 $12,000 $850 $4,000 $3,000 $4,000 $300 $5,500 $1,250 $0 $93,000 Actual 2001 $32,400 $6,480 $0 $29,000 $6,000 $2,900 $20 $1,500 $78,300 $26,000 $14,000 $7,400 $3,800 $3,500 $1,400 $8,600 $7,000 $300 $3,500 $2,000 $1,600 $100 $0 $0 $0 $79,200 Proposed 2002 $33,100 $7,000 $0 $30,500 $8,000 $3,000 $0 $1,500 $83,100 $26,000 $14,000 $8,000 $4,000 $4,000 $1,600 $9,000 $8,000 $300 $3,500 $2,100 $0 $100 $0 $0 $2,500 $83,100

Describe the 5 types of budgets listed for these Wk 3 Financial Exercises: Problem Set 2, Part 1. In your descriptions, include the budget's objective, how the budget assists an organization in managing its financial activities, and what types of data need to be included in that specific budget. Type of Budget Cash Flow Operating Sales Static Financial Description Insert cash flow description. Insert operating description. Insert sales description. Insert static description. Insert financial description.

The objectives of budgeting are to:a. Establish specific goals for future operations b. Execute plans to achieve the goalsc. Measure performance by periodic comparison of actual with budgeted results d. All of the above

Briefly describe the sequence of the budgeting process.

1. Describe the difference between a static and a flexible budget 2. Outline how often businesses must report GST 3. Describe a method that can be used to evaluate a budget or financial plan.

The budgeted balance sheet is prepared based on the __________ and __________ budgets. a.sales; selling and administrative expenses. b.financial; investing c.operating; investing d.financial; operating

Select a current issue for which you can find background material. Become familiar with the issue and build a budget request that provides a solution to the issue. If a solution is already publicly available, work through the data so that you can re-create the budget request. Prepare a verbal briefing of no more than 10 minutes that reviews the background of the issue, identifies why it must be addressed, describes what your proposal will do to address the issue, and gives the amount of your budget request.

Use the guiding questions below to develop recommendations based on the June budget to help the manager of the marketing department • How does the budget help the marketing department coordinate their needs with other departments? • How can the budget be used to evaluate the marketing department’s performance?

An accounting statement that presents predicted amounts of the company's assets, liabilities, and stockholders' equity as of the end of the budget period is called a(n): Multiple Choice   Budgeted income statement.   Pro forma cash flow statement.   Master balance sheet.   Pro forma balance sheet.   Operating balance sheet.

Fill out a DL Budget, MOH Budget, and SG&A budget