Reference no: EM132994026

Question - SCENARIO 1 - A long-established café located in inner west Brisbane residential suburb is facing it's time to figure out their budget for the coming quarter. During the last quarter, the café had spent roughly $500 at local butcher, $200 at Vegetable barns plus $300 on coffee beans & and dry goods each week. The Café also has monthly rent of $3,000 for the venue and is responsible for it's electricity and gas bills which is roughly $500 a month. Fees for waste management is included in the rent. The coffee machine is due to half yearly service in the coming quarter, which normally cost $250 each time. Bill sent from the accountant to process accounting work from last quarter is worth $2,500, this includes professional fee of the accountant, relevant taxes and superannuation, and the bill is due sometime in the coming quarter. The café is run by owner's family who are rely on the profit of business. They however do hire a casual staff to help the peak time every weekend when they normally have double amount of businesses. The staff is rostered 4 hrs every Saturday and Sunday morning and got paid by legal minimum with required loading. Considering the café is in residential area, hence their business is relatively stable, and in order to seek improvement the café pays internet social media platform $100 every month to advertise. The Café sets the margin of it's menu on 75%.

Case Study Scenario 2 - Café in Case 1 received a reservation, customer is going to hold a conference breakfast at the place on a Wednesday. Details provided by customer are: There will be 30 patrons, they are expecting to have half of the venue, so they have enough space to set up projector. The conference may take place for 2 hours but require the venue an hour in advance and one hour after for the ease of the event. Client requires food and beverage along the conference. The café normally serves in average 30 customer for breakfast during weekdays. As customer comes and goes it generally won't take more than half of the seats. Therefore, having that conference will not disturb how the café take their regular businesses. The conference client is offering $40 per head to cater the event. The café owner is preparing a event budget in preparation for this request.

According to the condition listed in Case 1 and Case 2, please answer questions in relates to an event budget for the conferences that the café need to prepare. And show how you manage to get those figures.

How much are the expected income from the conference?