Budget-Assignment-2012

Music Industry College
Year 11 Mathematics A
Semester 1 2012
Managing Money 1
Budgeting for a UK tour
Modelling and problem solving
Knowledge and procedures
Criterion
K1
K2
K3
M1
M2
M3
M4
Communication & justification
C1
C2
C3
C4
C5
Standard A
Standard B
Standard C
Standard D
Standard E
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
 accurate use of rules and
formulas in simple
through to complex
situations
 accurate use of rules and
formulas in simple
situations or use of rules
and formulas in complex
situations
 use of rules and formulas
in simple routine
situations
 use of given rules and
formulas in simple
rehearsed situations
 attempted use of given
rules and formulas in
simple rehearsed
situations
 application of simple
through to complex
sequences of
mathematical
procedures in routine
and non-routine
situations
 application of simple
sequences of
mathematical
procedures in nonroutine situations or
complex sequences in
routine situations
 application of simple
sequences of
mathematical
procedures in routine
situations
 application of simple
mathematical
procedures in simple
rehearsed situations
 attempted use of simple
mathematical
procedures in simple
rehearsed situations
 appropriate selection
and accurate use of
technology
 appropriate selection
and accurate use of
technology
 selection and use of
technology
 use of technology
 attempted use of
technology
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
 use of strategies to
model and solve
problems in complex
routine through to simple
non-routine situations
 use of strategies to
model and solve
problems in routine
through to simple nonroutine situations
 use of familiar strategies
for problem solving in
simple routine situations
 use of given strategies for
problem solving in simple
rehearsed situations
 attempted use of given
strategies for problem
solving in well-rehearsed
situations
 investigation of
alternative solutions
and/or procedures to
complex routine through
to simple non-routine
problems
 investigation of
alternative solutions
and/or procedures to
routine problems
 informed decisions based
on mathematical
reasoning in complex
routine through to simple
non-routine situations
 informed decisions based
on mathematical
reasoning in routine
situations
 reflection on the
effectiveness of
mathematical models
including recognition of
the strengths and
limitations of the model
 recognition of the
strengths and limitations
of the model in simple
situations
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
The student’s work has the
following characteristics:
 accurate and
appropriate use of
mathematical
terminology and
conventions in simple
non-routine through to
complex routine
situations
 accurate and
appropriate use of
mathematical
terminology and
conventions in simple
non-routine and/or
complex routine
situations
 appropriate use of
mathematical
terminology and
conventions in simple
routine situations
 use of mathematical
terminology and
conventions in simple
rehearsed situations
 use of mathematical
terminology or
conventions in simple
rehearsed situations
 organisation and
presentation of
information in a variety of
representations in simple
non-routine through to
complex routine
situations
 organisation and
presentation of
information in a variety of
representations in simple
non-routine and/or
complex routine
situations
 organisation and
presentation of
information in a variety of
representations in simple
routine situations
 presentation of
information in simple
rehearsed situations
 analysis and translation
of information displayed
from one representation
to another in complex
routine situations
 analysis and translation
of information displayed
from one representation
to another in simple
routine situations
 translation of information
displayed from one
representation to
another in simple routine
situations
 use of mathematical
reasoning to develop
logical sequences in
simple non-routine
through to complex
routine situations using
everyday and/or
mathematical language
 use of mathematical
reasoning to develop
logical sequences in
simple non-routine
and/or complex routine
situations using everyday
and/or mathematical
language
 development of logical
sequences in simple
routine situations using
everyday and/or
mathematical language
 justification of the
reasonableness of results
obtained through
technology or other
means
 informed decisions based
on mathematical
reasoning in simple
routine situations
Result
Scenario:
You are the manager of up and coming Brisbane Band “Itchy Feet”
and have decided that it is time to embark on a two week tour of the
United Kingdom (U.K.).The band consists of four members, 2 male and 2
female.In the band there is a drummer, a rhythm guitarist, a lead
guitarist and bass guitarist.
You have received an Arts Council Grant of $20,000 to fund the tour
which must cover all expenses.
You must commit the band to playing a minimum of 6 gigs while on
tour.
You decide to commence the tour at the start of the September
school holidays, ie 22 September to 7 October 2012.
Your task:
1. Develop a detailed itinerary for the band’s tour including dates,
activities, modes of transport, accommodation, and most
importantly the gigs you have booked.
The band will be accompanied by you as Manager at all times.
You are free to play in any part or parts of the UK, but you may
prefer to locate in one major centre such as London or Glasgow
to save on transport costs.
2. Create a detailed budget for the tour which corresponds directly
to the itinerary in Section 1. This section must show evidence of
research of your costing of each item in your itinerary and
justification of your decisions. This section must contain
conversions of Australian Dollars into British Pounds and viceversa and keep within your budget of $20,000.
Your budget must include the following items:

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Passports for the 5 people on tour
Visas if necessary
All airfares, transfer costs (taxis or hire-cars to and from
airports), and transport costs while on tour
Meals – a daily allowance for 5 people
Equipment Hire (Drum kit, 3 amplifiers)
Accommodation – budget style for a group
Promotion before and during tour, merch, cds etc
Important Information:

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As band manager you have made an executive decision
to only take what is absolutely necessary on the
International Flights ie guitars, leads, effects pedals, drum
sticks and personal belongings. This is to save money in
excess baggage costs and the hassle of lugging heavy
equipment from place to place. You will hire the necessary
equipment such as drum kit and amplifiers and need to
factor this into your budget.
Band members are also required to have some of their
own personal spending money for this tour for activities
and items not listed in the itinerary and budget.
It is essential that the total cost of the tour keeps within the
budget limit of $20,000 and time frame of two weeks.
It is entirely over to you as to what music genre Itchy Feet
are, and this may affect the types of venues you book and
the merch you sell while on tour.
Remember to keep at track of all websites visited such as
travel agents and place any email correspondence with
UK venues in an appendix.
The structure of your report should be:



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Introduction – describe the band and the reasons for the UK tour
Itinerary – in tabular form
Budget – in tabular form
Conclusion – explanations and justification for the decisions
made to keep the tour within the budget.