Budget information

.docx

School

The University of Queensland *

*We aren’t endorsed by this school

Course

501

Subject

Management

Date

Apr 3, 2024

Type

docx

Pages

14

Uploaded by MagistrateMetal15676

Report
Budget information: Name and location of the business Travel the World Travel the World is an easy to remember name that allows for easy association to a travel agent. We will be able book and plan for any trips all over the world. Our placement and choice of 62 queen street is too ensure we get the most free advertisement being on the busiest business street in Brisbane. 1. Funds eligible to borrow https://www.nab.com.au/business/loans-and-finance secured loan amount up to $1 mil variable rates - 2.95% p.a. secured with commercial mortgage - 4.50%p.a. with other security suitable to NAB unsecured loan up to $250,000 variable rate - 4.50% p.a. 2. Outline all variable expenses Any expense that does not change from period to period, such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis Fuel / public transportation costs Parking Clothing & shoes (uniform) Daycare Work lunches & snacks Eating out Entertainment Lottery Babysitting Sports & recreation, other hobbies Magazines / newspapers / books
3. Outline all fixed expenses Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Mortgage(s) Rent Property taxes (if paying monthly) House / tenant insurance Utility bills (cable, cell, electricity, water, etc.) Lease / car loan payment Vehicle insurance (if paying monthly) Life / Disability / Extended health (or other) insurance Bank fees Debt payment s for your debt repayment plan 4. Any other applicable costs The extra expense in a budget may undergo fixed, savings, or variable costs. Moving your business to a temporary site while your main location is restored. Buying or leasing equipment for your temporary site. Paying employees overtime. Hiring temporary workers during the transition. 5. Overall costs marketing - start-up: $5,000 - Ongoing: depending on seasonality software - crosscheck 150 monthly internet connection- unlimited data optus ($20 week) phone connection- $50 per month trademark- $240 Designer $220 domain name - Worldstravelbrisbane.com.au- $14.95 accountant fees- outbooks karan - $50 hourly. security systems - adt security - $360 printer- hp laserjet enterprise printer M528DN - $1,888
solicitor fees - bluekey - $3300 (15hrs) car rego- $744.45 6. Registration of the business $87 for 3 years business name registration/ business reg ATAS accredited - $1342 annual. (price to vary on total transaction value, see chart in salaries) 7. Insurance 8. Professional indemnity - 164.35 monthly 9. Workers compensation - 14.63 monthly each
10. Public liability: 11. Rent for office space
12. Mode of transport - 2016 hyundai accent 13. Salaries
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