Multiplier Effect

According to Wikipedia, the multiplier effect is when an initial amount of money is spent, which leads to consumer spending, which then leads to an income of a greater amount than the inital amount of money spent.

I agree with this theory because it makes sense that when an organization spends a certain amount of money on something, many people then buy it or participate in it, which usually leads to producing more money than was initially spent. However, I can disagree on the notion that the amount of consumers interested in the product of the initial spending, which would lead to a less amount of consumer spending than the initial amount spent. Consumer interest is more likely to determine the income leftover after both parties have spent their money.

Update of Intramural Project

Due to the rain and many people being gone, we have decided to postpone intramual sports until we get back from our break. The rain seems to be a constant weather pattern this weekand most people did not want to be playing in the rain. This week also seemed to be a scheduling issue because, as the weekend went on, we found we were having to shuffle games around more and more. Volleyball had to be postponed due to a meeting, touch football had to be moved due to us leaving on Thursday afternoon and, on top of all that, people had presentations on Wedneday while others were going to a soccer game in Brisbane. All in all, it did not seem like a good week to have organized sports. We will resume after the break with this week's schedule.

A tournament schedule has not yet been made, but we will use a tournament bracket made up for all sports. Team placement in the bracket will be determined by the team's record of wins to losses.

Reading 4 Activity

Budget for Special Event:

Income

Advertising $3,000

Meals $500

Miscellaneous Fees $500

Registration Fees $3,000

Underwriting $250

Total Income = $7,250

Expenses

Banquet $750

Catering $1000

Copies $100

Equipment $800

Facilities $1500

Mailing $100

Miscellaneous $300

Printing $200

Refunds $500

Rental Fees $200

Transportation and Travel $1000

Total Expenses = $6,450

Net Revenue Surplus = $800