Monday, 28 May 2012

Finance - Portfolio

So today I have decided that a financial budget for a gig doesn't seem enough to show my knowledge of the finance module so I am going to do both a financial budget and also a profit and loss account for a gig.
Firstly I have completed the profit/loss account for a gig with ticket sales of £6 per ticket, at a 150 capacity. Here is the print screen of the budget with a re-written sample of a Trial Balance we received in class below;

An extract from the Trial Balance of DottKomm Promotions on 31st May 2012,

                                              Dr                        Cr
Sales                                                                 600(100)
Stock at 1st June 2012         17(50)
Purchases                             20(60)
Wages                                   30
Rent                                      120

Notes:
1, Tickets at 31st December was valued at 30(90)
2, Provision should be made for a dividend of £50
3, No provision should be made on Corporation Tax

* The number1(number2) -number1-value of tickets
                                           -number2-no of tickets *

To achieve this I need to update my GANTT chart once more, just to include the new portfolio piece instead of delaying timescale on it.

Finally I had to add to my porftfolio the financial budget, this didnt take me that long which was a bonus this will show the amount of tickets to break-even or make a profit.

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