Question

You are preparing the master budget for the Kane County Cougars, a minor league baseball team. Identify one revenue item that you would budget and what factors you would consider when determining the budgeted amount. Also, identify one expense item that you would budget and what factors you would consider when determining the budgeted amount?

Answer 1

1. The revenue of the base ball team would be from the sponsorship received from different brands. To budget the revenue from sponsorship we need to consider the of Brands interested in sponsorship and the spending capacity of the brand and the number of the matches the team is supossed to play as the brands pay sponsorship fee on a match basis.

2. The expenditure of the base ball team would be the game equipments and Game Jeysey's. The team needs to consider the number of players in the team and the number of equipments required and jersey;s required also considering the back equipments required.