a. You need to prepare 4 quarterly DRAFT budgets for each quarter of the year, taking the

following information into account:

It is predicted that catering and special events will have an approximate increase of

4.4% in food sales for the financial year.

Beverage sales and costs are expected to increase by 2.35% for the financial year.

Sales are spread evenly through all the quarters in a year.

From 1st January 2020renton the function centre will rise by 5%.

Wages are expected to increase by 1.25% as of July 1st 2019

Based on GDP it is expected food costs will rise by an average of 3% for the financial

year.

There is also a new Alcohol beverage excise that comes into effect as of the 1st June

2019 of 5% of beverage sales.

Due to the new carbon tax gas and electricity prices will rise by 6.25% for the

financial year.

Party hire equipment are also increasing their prices by an average of 3.25% as of

the 1st January 2020