Stochastic plan

Profit and Loss Account for CWL for 4 Quarterly periods

1st qtr 2nd qtr 3rd qtr 4th qtr

No. course attendees 1076 1087 1098 1109

Avg conference fee 202.00 202.00 202.00 202.00
Sales Turnover 217352 219526 221721 223938

Venue costs 107600 108676 109763 110860

Documentation 10760 10868 10976 11086
Catering 86080 86941 87810 88688
Total Direct Costs 204440 206484 208549 210635

Gross Profit 12912 13042 13172 13303

Administration 2717 2744 2772 2799

Travel 2174 2195 2217 2239
Salary Expenses 12000 12000 12000 12000
Total Other Costs 16890 16939 16989 17039

Net Profit B.T. -3978 -3898 -3817 -3736

Sales growth (attendees) 1%

Venue costs per attendee 100
Documentation per attendee 10
Catering per attendee 80

Admin as percentage of sales 1.25%

Travel as percentage of sales 1%
Salary growth rate 0%

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 Stochastic plan

Total The two input cells are marked in color. The quarter one sales and avg
conference fees is randomy distributed with a uniform distribution as
given in input sheet.
4369
Simulate the year end profit/loss 1000 times and draw a frequency
882536 distribution table and histogram. For frequency distribution 10 bins may
be created.
436899
43690
349519
830108

52428

11032
8825
48000
67857

-15429

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 Stochastic plan

ne sales and avg

m distribution as

w a frequency
ution 10 bins may

Page 3
 Input

Profit and Loss Account for CWL for 4 Quarterly periods

Input for stochastic planning

Max Min

No. course attendees 1200 800

Avg conference fee 250.00 175.00

Page 4