Budget Review

I don’t know how to handle this English question and need guidance.

Please review the Sample Budget for Rainbow Place in the text, Figure 6.5. This is a simplified budget that takes into account the income and expenses of Rainbow Pace based on enrollment as well as weekly and annual accounting.

Please respond to the following:

  • Identify and describe two ways that you can adjust your budget planning sheet to increase the weekly as well as the annual tuition fees.
  • What are three additional line items that you might add to the “Total Other Expenses” column? Why did you select each of these?
  • The way the sample budget for Rainbow Place appears, the income and expenses balance the budget. If the “Other Income” category (which is not fixed) changes, this can have a direct impact on meeting the cost of the ‘Total Expenses’ line item. What are two ways that the budget can be adjusted to compensate for this difference?

READING CHAPTER 6 “Fiscal Management”

  • Budget Planning (pp. 111–116)

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