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Unit 4
Cash Flow Management

Events-R-Us has been hired to set up a kickoff reception for a convention coming to Toronto
that starts on Feb. 15, 2014. The total budget is $380,000 for this event. Below is a list of items
that require payment on various timelines. Events-R-Us must have funds (obtained from the
client) ready to pay out as the schedule demands.

Based on the information provided below, and using specific real-time dates, prepare a list of
amounts that must be paid in connection with this event.

Payment Details

Facilities, Catering $160,000 25% 90 days before the event

40% 7 days before the event
35% Balance due the day after the event

Décor 80000 30% 30 days before the event

70% Balance due 15 days after the event

Sound & Lighting 30000 100% 2 days before the event

Prop rentals 20000 25% 4 days before the event

75% Balance due the day after the event

Entertainment 50000 50% 60 days before the event

50% Balance due the day of the event

Event-R-Us 40000 30% 30 days before the event

(us!) 70% Balance due 3 days after the event

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Payment Schedule

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