Hello,
I have attached the criteria for assignment and the assignment folder.
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This assignment is due after 20 hours.
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Its due on april 4 at 11pm. Its from kinsiology 3713(sports and fitness management)
Group Assignment #3
Budgeting (
10
0 points)
For this Group Assignment, please go to the People tab in Canvas to see your group members. Once you have identified and contacted your group, coordinate with them to complete this assignment. Please be sure to see all pages.
100 Points
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Identify or create a sport or fitness organization for this assignment providing the name and description of the organization (i.e., purpose, mission).
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5
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What type of budget do you think is best for this organization?
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5
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Explain your rationale for selecting this type of budget.
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5
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Prepare a 2021
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2022 budget for your organization.
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Research and fill in the sections below. Then using that information, complete the budget sheet.
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Gathering information
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10
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Forecast sales
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10
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Project profits and losses
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10
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Compare to industry norms
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10
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Capital needs
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10
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Complete the “Budget” column of the budget sheet.
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35
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[Company Name]
2021-2022 Budget
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INCOME
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Actual
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Budget
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Difference
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Operating Income
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Category 1
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Category 2
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Category 3
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Category 4
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Other
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Total Operating Income
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Non-Operating Income
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Interest Income
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Rent
al Income
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Gifts Received
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Donations
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Other
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Total Non-Operating Income
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Total INCOME
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EXPENSES
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Operating Expenses
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Accounting and Legal
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Advertising
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Depreciation
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Dues and Subscriptions
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Insurance
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Interest Expense
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Maintenance and Repairs
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Office Supplies
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Payroll Expenses
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Postage
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Rent
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Research and Development
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Salaries and Wages
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Taxes and Licenses
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Telephone
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Travel
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Utilities
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Web Hosting and Domains
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Other
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Total Operating Expenses
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Non-Recurring Expenses
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Furniture, Equipment and Software
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Gifts Given
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Other
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Total Non-Recurring Expenses
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Total EXPENSES
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Net Income Before Taxes
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Income Tax Expense
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NET INCOME
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4/4/2021
Group Assignment 3
https://twu.instructure.com/courses/2914607/assignments/26420057 1/2
Group Assignment 3
Due Sunday by 11:59pm Points 100 Submitting a file upload
Available Mar 28 at 12am – Apr 4 at 11:59pm 8 days
Group Assignment #3
Start Assignment
Budgeting (100 points)
For Group Assignment 3, please go to the People tab in Canvas to see your group members. Once you
have identified and contacted your group, coordinate with them to complete this assignment
(https://docs.google.com/document/d/e/2PACX-
1vQfpxcLNntIGbnSaClm212qSG6baYkInsBM1i8M8Lwo6XLVFiJ_rh4r7jSo89j_gUvjLPcNMZfAnWRZ/pub) .
Please be sure to see all pages.
Group Assignment #3 x (https://twu.instructure.com/courses/2914607/files/168993701/download?
download_frd=1)
https://docs.google.com/document/d/e/2PACX-1vQfpxcLNntIGbnSaClm212qSG6baYkInsBM1i8M8Lwo6XLVFiJ_rh4r7jSo89j_gUvjLPcNMZfAnWRZ/pub
https://twu.instructure.com/courses/2914607/files/168993701/download?wrap=1
https://twu.instructure.com/courses/2914607/files/168993701/download?download_frd=1
4/4/2021 Group Assignment 3
https://twu.instructure.com/courses/2914607/assignments/26420057 2/2
Total Points: 100
Criteria Ratings Pts
5 pts
5 pts
5 pts
10 pts
10 pts
10 pts
10 pts
10 pts
35 pts
Identify or create a sport or fitness organization 5 pts
Full Marks
0 pts
No Marks
What type of budget 5 pts
Full Marks
0 pts
No Marks
Explain your rationale 5 pts
Full Marks
0 pts
No Marks
Gathering information 10 pts
Full Marks
0 pts
No Marks
Forecast sales 10 pts
Full Marks
0 pts
No Marks
Project profits and losses 10 pts
Full Marks
0 pts
No Marks
Compare to industry norms 10 pts
Full Marks
0 pts
No Marks
Capital needs 10 pts
Full Marks
0 pts
No Marks
Complete the “Budget” column of the budget sheet 35 pts
Full Marks
0 pts
No Marks
