Question

Your community plans to hold a fundraiser to improve its infrastructure and environment. The community has a budget of $10,000 for organizing the event. Approximately 200 people will attend the event. You have the responsibility of managing the community's finances and ensuring that the event is a big success. How would you use a spreadsheet to manage the finances for this event?

A) Create a budget spreadsheet: You can use a spreadsheet to list all expected expenses, such as venue rental, catering, entertainment, and decorations, as well as the estimated income from ticket sales and donations. This will help you track the budget and ensure you stay within the $10,000 limit.
B) Track attendance and ticket sales: Create a sheet to monitor the number of attendees and ticket sales. You can use formulas to calculate total revenue based on the number of tickets sold and their prices.
C) Set up a donation tracker: If the community expects donations, use a spreadsheet to record each donation, the amount, and the donor's information. This will help you keep track of contributions and send thank-you notes.
D) Expense reimbursement tracking: If volunteers or vendors need to be reimbursed for expenses related to the event, you can use a spreadsheet to record their expenses, validate receipts, and process payments.

Answer 1

A spreadsheet can be used to manage the finances for a fundraiser event by creating a budget spreadsheet, tracking attendance and ticket sales, setting up a donation tracker, and tracking expense reimbursements.

Step-by-step explanation:

A spreadsheet can be used to manage the finances for the fundraiser event in several ways:

1. Create a budget spreadsheet: List all expected expenses and estimated income to track the budget and stay within the $10,000 budget limit.
2. Track attendance and ticket sales: Create a sheet to monitor the number of attendees and ticket sales using formulas to calculate total revenue.
3. Set up a donation tracker: Use a spreadsheet to record each donation, amount, and donor's information to keep track of contributions.
4. Expense reimbursement tracking: Use a spreadsheet to record expenses of volunteers or vendors and process payments.