FNSACC503 : Financial Budget - Management Assignment

Internal Code : MAS6059

Financial Budget Assignment

Question : 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.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 Required: Prepare a sales budget for march showing expected sales by product