BSBFIM601 : Financial Budget - Finance Assignment

Internal Code : MAS6059

Finance Assignment

Questions : 1.You have been asked to advise the management team of a small trading business about problems they may encounter in implementing a new budgeting system. Write a formal email stating some of the problems they should attempt to avoid. 2.Outline some of the factors that a producer of swimwear might need to consider when preparing a sales forecast for the coming year? 3.Explain why it is important to determine whether or not GST has been included in the sales budget 4.  Case Study - Sales Budget Divas’ Café sells four types of coffee beverages. Flat White, Latte, Cappuccino & Mocha. The prices per cup are as follows: Flat White $4.50, Latte $5.00, Cappuccino & Mocha $5.50. Expected sales for March are: Flat White 1400 Latte 1200 Cappuccino 1100 Mocha 1320 Prepare a sales budget for march showing expected sales by product 5. Case study - Fees Budget FIA financial advisers provide a service by the hour and charge a separate fee for preparing a financial plan. During February hours charged are expected to be 1210 and 62 financial plans are expected to be prepared. Cost per hour is $44 and each plan costs $1,600. Prepare a fees Budget for February.