The question says. You are on the grade10 dance committe. Your job is to draw up a budget for the grade10 dance which is to be held in your school hall. There are 110 grade10 learners,and each will pay R120 to attend the function .draw up a realistic income and expenditure budget for the dance committe. Your expenses must include Food,musi,decor and drinks. Sorry to write a long story but please help me
No problem! I can help you create a budget for the grade 10 dance committee. Here's a step-by-step breakdown of how you can do it:
1. Determine the income:
- Calculate the total income from ticket sales by multiplying the number of grade 10 learners (110) by the ticket price (R120):
Total income = 110 x R120
2. Identify the expenses:
- Food: Estimate the cost of food per person or per plate, and multiply it by the number of expected attendees. Let's assume the cost per person is R50.
- Music: Research local DJs, bands, or other entertainment options and get quotes for their services.
- Decor: Determine the decoration theme and estimate the cost of decorations, such as balloons, banners, and table centerpieces.
- Drinks: Estimate the cost of drinks per person or per serving, and multiply it by the number of attendees.
3. Break down the expenses and estimate the costs:
- Food: Multiply the cost per person (R50) by the number of attendees (110).
- Music: Consider the quotes received from various DJs or bands and choose the option that fits your budget. Note down the chosen price.
- Decor: Research and estimate the cost of decorations based on your chosen theme.
- Drinks: Estimate the cost per person or per serving, and multiply it by 110.
4. Calculate the total expenses:
- Add up the individual expenses calculated above (food, music, decor, drinks) to get the total expenses.
5. Calculate the profit or loss:
- Subtract the total expenses from the total income to find out whether there is a profit or loss.
Profit/Loss = Total income - Total expenses
6. Adjust the budget if necessary:
- If there is a profit, you can consider allocating some funds for contingencies or additional activities.
- If there is a loss, you may need to rethink some expenses or find ways to reduce costs.
Remember, these are just general guidelines, and the specific details will depend on your school's requirements, pricing in your area, and other factors. Make sure to research and gather accurate cost estimates to create a realistic budget for your grade 10 dance committee.
No problem at all! I can definitely help you with that. To draw up a realistic income and expenditure budget for the grade 10 dance committee, we need to consider the number of attendees, the cost per attendee, and the expenses for food, music, decor, and drinks.
Income:
The income for the dance committee will come from the students attending the function. Each of the 110 grade 10 learners will pay R120 to attend. So, the total income can be calculated as follows:
Total Income = Number of Attendees x Cost per Attendee
Total Income = 110 x R120
Total Income = R13,200
Expenditure:
Now, let's consider the expenses for the dance committee. We need to allocate funds for food, music, decor, and drinks. It's important to note that the budget for each category may vary, depending on your specific needs and choices. For the sake of this explanation, let's assume the following allocations:
1. Food: You may consider allocating R5,000 for catering or food expenses.
2. Music: Depending on the availability of resources, you can allocate R3,000 for hiring a DJ or any other form of music entertainment.
3. Decor: Allocating R2,000 for decorations such as balloons, streamers, lighting, etc., can be a reasonable estimate.
4. Drinks: If you plan on providing refreshments, you can allocate R1,500 for drinks like sodas, juices, and water.
Total Expenditure = Food + Music + Decor + Drinks
Total Expenditure = R5,000 + R3,000 + R2,000 + R1,500
Total Expenditure = R11,500
This leaves a surplus of R1,700 (Total Income - Total Expenditure). This surplus could be used for unforeseen expenses or any additional needs that may arise during the planning and organization of the dance.
Remember, these numbers are just estimates, and you may need to adjust them based on your specific requirements. It's always a good idea to consult with other committee members or advisors to ensure accuracy and feasibility.