Steps to create an initial budget sheet in Excel for your event: Open a new Excel workbook and create a new sheet for your budget. Name the sheet something like "Event Budget" or "Initial Budget". In the first column, list the five areas/tasks where you will spend the budget. For example, your list could be: Venue rental Catering Entertainment Decorations Staffing In the second column, list the amount you plan to spend on each area/task for each day of the event (Day 1, Day 2, and Day 3). For example, your list could be: Venue rental: $(Enter amount) per day Catering: $(Enter amount) per day Entertainment: $(Enter amount) per day Decorations: $(Enter amount) per day Staffing: $(Enter amount) per day In the third column, use a formula to calculate the total amount you will spend on each area/task over the three days. For example, if you plan to spend $5,000 on venue rental each day, the formula would be "=5,000*3" to calculate the total amount of $15,000. Repeat this formula for each area/task and for each day. In the fourth column, calculate the percentage of the total budget that each area/task represents. For example, if your total budget is $100,000 and you plan to spend $15,000 on venue rental, the formula would be "=15,000/$100,000" to calculate the percentage of 15%. Repeat this formula for each area/task. Finally, calculate the total budget for each day and the entire event by summing the amounts for each area/task for each day. For example, to calculate the total budget for Day 1, the formula would be "=SUM(B2:B6)" to sum the amounts for each area/task. Repeat this formula for each day and for the entire event. Once you have completed these steps, your initial budget sheet should show the distribution of the $100,000 for the three days of the event, broken down by area/task and percentage of the total budget. You can adjust the numbers to fit your specific needs and priorities, and update the formulas as needed.

Np Ms Office 365/Excel 2016 I Ntermed
1st Edition
ISBN:9781337508841
Author:Carey
Publisher:Carey
Chapter6: Managing Multiple Worksheets And Workbooks
Section: Chapter Questions
Problem 4.4CP
Question

Steps to create an initial budget sheet in Excel for your event:

  1. Open a new Excel workbook and create a new sheet for your budget. Name the sheet something like "Event Budget" or "Initial Budget".

  2. In the first column, list the five areas/tasks where you will spend the budget. For example, your list could be:

    • Venue rental
    • Catering
    • Entertainment
    • Decorations
    • Staffing

    In the second column, list the amount you plan to spend on each area/task for each day of the event (Day 1, Day 2, and Day 3). For example, your list could be:

    • Venue rental: $(Enter amount) per day
    • Catering: $(Enter amount) per day
    • Entertainment: $(Enter amount) per day
    • Decorations: $(Enter amount) per day
    • Staffing: $(Enter amount) per day
  3. In the third column, use a formula to calculate the total amount you will spend on each area/task over the three days. For example, if you plan to spend $5,000 on venue rental each day, the formula would be "=5,000*3" to calculate the total amount of $15,000. Repeat this formula for each area/task and for each day.

  4. In the fourth column, calculate the percentage of the total budget that each area/task represents. For example, if your total budget is $100,000 and you plan to spend $15,000 on venue rental, the formula would be "=15,000/$100,000" to calculate the percentage of 15%. Repeat this formula for each area/task.

  5. Finally, calculate the total budget for each day and the entire event by summing the amounts for each area/task for each day. For example, to calculate the total budget for Day 1, the formula would be "=SUM(B2:B6)" to sum the amounts for each area/task. Repeat this formula for each day and for the entire event.

Once you have completed these steps, your initial budget sheet should show the distribution of the $100,000 for the three days of the event, broken down by area/task and percentage of the total budget. You can adjust the numbers to fit your specific needs and priorities, and update the formulas as needed.

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