business plan (company: your choice)

QUALITY SERVICE IS WHAT WE SELL. QUALITY SERVICE IS WHAT QUALITY SERVICE IS WHAT WE

SELL.SELL.

YOUR CHOICE

QUALITY SERVICE IS WHAT WE SELL.

I. THE MISSION STATEMENT

The Company and The Concept

Your Choice is small business unit in the Technological University of the Philippines. Your Choice was formed and will be lead by Cecille Bulauan, Edev Paula De Vera, and Mark Oliver Espiritu.

Your Choice has identified three key factors that will be instrumental to its sustainability:

1. Ensure 100% customer satisfaction: Repeat customers and customer referrals are valuable.

2. Sell meaningful and valuable products.3. Implement strict financial controls. This is very important because although Your

Choice is a small business unit only, they must be a standalone entity financially.

One of the courses of TUP-Taguig Campus is Electronics Engineering course. Your Choice is to provide to electronics students the kits and tools that they mostly need at the lowest price and gives them satisfaction.

Your choice is a partnership company located at the Technological University of the Philippines-Taguig Campus.

ProductsYour Choice will offer two main products, amplifier and power supply kits. The components of each kit are purchased and sold altogether under the brand of Your Choice.

Amplifier Kit: This is a kit that consist all the components needed to create an amplifier.

Power Supply Kit: This is a kit that consist all the components needed to create a power supply.

We will also sell secondhand books, breadboards, and VOM’s at first. But eventually, we are planning also to send brand new ones, also under the name of Your Choice. We will

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also get coordinated to the faculty of the Electronics Department for the future projects that they are planning to do.

Management

Bulauan, De Vera, And Espiritu are all Electronics and Communications Engineers from Technological University of the Philippines. Safe Current has been forecasted to achieve impressive sales for years two and three, with correspondingly respectable net profit.

VISION:Your Choice will be the no. 1 provider of amplifier and power supply kits in the Technological University of the Philippines.

MISSION:Your Choice is to provide our electronics students basic components need. All customer's expectations will be exceeded with their innovative, useful products and complete customer satisfaction is guaranteed.

OBJECTIVES: To develop a profitable product for the further development of the company. To become profitable within one year. To use this business as a successful model for future ventures.

KEY TO SUCCESS: Offer every customer 100% satisfaction. Sell meaningful and valuable products. Employ strict financial controls.

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II. THE BUSINESS AND ITS MANAGEMENT TEAM

THE ORGANIZATION

The figure below shows the company’s Organizational Chart

The Company named “Your Choice” is owned by Bulauan, Cecille, De Vera, Edev Paula and Espiritu, Mark Oliver. The company is divided in to three departments; the Operations Department, the Budget and Finance Department and the Marketing Department.

The Operations Department is composed of General Manager and the Asst. General Manager. The Budget and Finance Department is composed of Financial Manager and the Marketing Department is composed of Marketing Manager, Purchase and Procurement Personnel and Store Personnel.

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KEY MANAGEMENT PERSONNEL

Mrs. Cecille Bulauan – will be the marketing manager who is in charge of determining the target market and encourage the costumers to patronize the products of the company.

Ms. Edev Paula De Vera – will be the financial manager. In charge of all financial statements and any financial matters of the company

Mr. Mark Oliver Espiritu - assigned as the general manager of the company who is in charge of the whole operation occurs inside the company.

Ms. Charilyn Mullaneda – will be assigned as the assistant general manager who will help the general manager on his duties and take responsibility when absence of the general manager occurs.

PERSONNELS

Mr. Barry James Cabangon and Mr. King Allan Agdeppa - will be in charge of the purchases and procurement process of the company and also required to take account of all remaining stocks

Mr. John Arllan Lata – will take charge of the store whose generally do the store keeping and selling but also other partners need to take part. He will also be the maintenance staff of the company.

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MANAGEMENT COMPENSATION AND OWNERSHIP

Figure below shows the compensation of salaries of the company according to their positions.

POSITION SALARY(PESO PER MONTH)

General Manager 7, 000

Assistant General Manager 6, 000

Financial Manager 7, 000

Marketing Manager 5, 500

Purchase and Procurement Staff 5, 000

Store and Maintenance Staff 5, 000

Each company personnel get their month basis salary. The amount of their salary relies to their position. The general manager gets the highest salary and the assistant general manager down to store staff gets the lower salary

Since Bulauan, De Vera and Espiritu are the owners of the company, they will get an additional 15% of the profit and the remaining 55% of the profit will go to the savings.

EMPLOYMENT AND OTHER AGREEMENTS

In the absence of personnel/s, one of the managers shall take his place and do his works. In addition to that, he will be compensated for all the extra work that he will do. One can take a leave but it should be filed at least 3 days before the actual date. This for the management to be prepared to place a substitute upon his leave.

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III. PRODUCTION AND OPERATIONS PLAN

OPERATING CYCLE

Suppliers:

Currently the company obtains the vast majority of its raw materials from our Alumni, seniors in SIT, DEECO shop, and other local suppliers. However as we are committed to fair terms of trade and promotion of local business we intend to engage local suppliers. Hence raw materials, including power supply, books and others, may be sourced from local communal and commercial shops and from our seniors, avoiding intermediaries so as to minimize costs, ultimately benefiting the final consumer. We will talk about the fair terms in their product. We will have an agreement that we will pay them if we already sell their product. To do this properly, we likely need to calculate the quantities and identify the timing of inputs we will need. These service also requires some lead time to fit our requirements into their schedule. We are the one that need to adjust into their schedules.

Equipment and Machines:

Shelves, Counter – top, Chairs, and Desktop.

Inventory Level and Cycle:

Components: Quantity

Amplifier kits 20 pcs.

Books 20 pcs.

Voltmeter 10 pcs.

Breadboard 30 pcs.

Power supply kits 20 pcs.

*This is for the beginning purchase. The following will be based on orders and demand.

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Manpower Need/Schedule:

Schedule of purchasing of suppliers: Friday

Assigned Personnel: Barry James Cabangon & King Allan Agdeppa

They need to find a right number of people, right kind of people at the right place, right time, doing the right things for which they are suited for the achievement of goals of the organization. Before they make forecast of future manpower, the current manpower status has to be analyzed. Once the factors affecting the future manpower forecasts are known, planning can be done for the future manpower requirements in several work units. An analysis of manpower Requirements is important for determining whether or not planned labor hours. Planned schedules are realistic and will result in a successful project. If the schedules are too short, the manpower required to complete the work in time they need to complete the work.

Plan Location & Layout

Rental (Business Center), Online Shop

Place and location is important in our company. A place where is near in our local suppliers and consumers. Our company needs a better work place for us to carry out the operations of the organization. We will choose Business Center because it is near in our main consumer, (students) and also near in our Local suppliers (seniors in SIT). We will also create a website for our shop that includes pictures of our products and their prices. Online shopping is best because it has no taxes and easy to have a time to talk about the agreement by means of social networking sites. The aim of our workplace is to need an available space needs to be assessed with our workstations, equipment, storage, and other amenities need to be arranged. Also, this will allow for the most efficient workflow without disruption. Our workplace will be carefully arranged its layout that will allow for a more effective workflow and produce its good services to a high standard.

Production Planning

At first, we have to find our local suppliers for possible product. We will talk about our agreement and terms about what we will do if we get there product. We will assume to them a price but not literally the main price. Because the customers will always look for a smaller price and fits in their budgets. Then we will also post an advertisement in some other website that includes the pictures of our product and its price. By the means of internet, we can talk about our agreements and terms for good transactions of products. Also we will post on different board inside the campus to encourage some possible suppliers. This will include our seniors in SIT, some students doing the same projects like power supply and amplifier and their tools that they don’t need already. This will help us to gather more equipment to be sell by the others who needs

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it. If there were any interested suppliers that come from other places, schools, universities, we could meet with them inside the campus or in the place we both agreed. We will also buy some products in some other shop like DEECO, and we will add more some minimal price from the original price.

Packaging & Labeling

In packaging our product we must be appealing in order to attract and hold the consumers’ eye and attention, and serve as an efficient and functional shipping container. This involves the design of our box or wrapper that contains our product. In addition to the function, it performs to hold and protect our product. Our products can have multiple packages. This includes the container itself, a large box that will contain a large amount of our product that will be sold by a certain people. We will also make sure that the handle of our box will be comfortable for the people to hold. Because equipment like power supply and amplifiers is too heavy to carry. Also our product will be enclosed by a box for protection purposes. (For power supply and amplifiers)

Pricing (Purchase Amount)

Items Quantity Price Purchase Amount

Power Supply 20pcs. X 1,000.00 = 20,000.00

Amplifiers 20pcs. X 1,500.00 = 30,000.00

VOM 10pcs. X 500.00 = 5,000.00

Books 20pcs. X 400.00 = 8,000.00

Breadboard 30pcs. X 80.00 = 1,600.00

TOTAL: 64,600.00

Selling Price:

Items Quantity Price Purchase Amount

Power Supply 20pcs. X 1,500.00 = 30,000.00

Amplifiers 20pcs. X 2,000.00 = 40,000.00

VOM 10pcs. X 650.00 = 6,500.00

Books 20pcs. X 600.00 = 12,000.00

Breadboard 30pcs. X 100.00 = 2,000.00

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TOTAL: 90,500.00

Site

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Store

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Floor Plan

Location

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A. Regulatory and Legal Issue

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1. Verify and reserve the company name with the Securities and Exchange Commission (SEC) Agency: Securities and Exchange Commission

The name search can be done electronically via the SEC's online verification system, but applicants must pay for the reservation fee on site at the SEC. Once the reserved name was approved by the SEC, it costs PHP 40 for the first 30 days. The company name can be reserved for a maximum of 90 days for a fee of PHP 120, which is renewable upon expiration of the period.

2. Deposit the paid-in minimum capital at the bank Agency: Bank

According to Section 13 of the Corporation Code, the paid-in minimum capital is 5000 pesos. Even though a certificate of deposit is not a requirement by the Securities and Exchange Commission (SEC) for company registration, this procedure must be completed in order to abide by the applicable law.

3. Notarize articles of incorporation and treasurer's affidavit at the notary Agency: Notary

According to Section 14 and 15 of the Corporation Code, articles of incorporation should be notarized before filing with the SEC.

4. Register the company with the SEC and receive pre-registered Taxpayer Identification Number (TIN) Agency: Securities and Exchange Commission

The company can register online through SEC i-Register, but entrepreneurs must pay at the SEC. The following documents are required for SEC registration:

a. Company name verification slip; b. Articles of incorporation (notarized) and by-laws; c. Treasurer's affidavit (notarized); d. Statement of assets and liabilities; e. Registration data sheet with particulars on directors, officers, stockholders, and so forth;

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f. Written undertaking to comply with SEC reporting requirements (notarized); g. Written undertaking to change corporate name (notarized).

5. Obtain barangay clearance Agency: Barangay

To get the barangay clearance, the following documentary requirements should be submitted to the Barangay: Application form, SEC Certificate of Incorporation and approved articles of incorporation and bylaws, location plan/site map and the contract of lease over the corporation's office.

This clearance is obtained from the Barangay where the business is located. Barangay fees vary in each Barangay since they have the discretion to impose their own fees and charges as long as these fees are reasonable and within the limits set by the Local Government Code and city ordinances. In Taguig City, the fees range from PHP 300 to PHP 1000.The clearance is obtained in one day, provided that the barangay captain is in the office as the captain is the only official authorized to sign.

6. Pay the annual community tax and obtain the community tax certificate (CTC) from the City Treasurer's Office (CTO) Agency: City Treasurer's Office

The company is assessed a basic and an additional community tax. The basic community tax rate depends on whether the company legal form is a corporation, partnership, or association (PHP 500 or lower). The additional community tax (not to exceed PHP 10,000.00) depends on the assessed value of real property the company owns in the Philippines at the rate of PHP 2.00 for every PHP 5,000.00 and on its gross receipts, including dividends or earnings, derived from business activities in the Philippines during the preceding year, at the rate of PHP 2.00 for every PHP 5,000.00

7. Obtain the business permit to operate from the BPLO Agency: Business Permits and Licensing Office

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8. Pay the registration fee and documentary stamp taxes (DST) at the BIR Agency: Bureau of Internal Revenue

The rate of documentary stamp tax on original issuance of shares of stock shall be PHP 1.00 for every PHP 200.00 or fractional part thereof, of the par value, of such shares of stock.

The documentary stamp tax return shall be filed and the tax paid on or before the fifth (5th) day after the close of the month of approval of SEC registration.

Cost: (PHP 500 registration fee + PHP 5,165.345 DST on original issuance of shares of stock. DST on the lease contract is not included in the computation of the cost)

9. Obtain the authority to print receipts and invoices from the BIR Agency: Bureau of Internal Revenue

The authority to print receipts and invoices must be secured before printing the sales receipts and invoices. The BIR issued Revenue Regulations No. 18-2012 and it became effective on January 18, 2013. It adopted the online system for authority to print official receipts, sales invoices and other commercial invoices. In this regard, all unused or unissued receipts and invoices which were printed prior to January 18, 2013 will be deemed valid only until June 30, 2013.

To obtain the authority to print receipts and invoices from the BIR, the company must submit the following documents to the Revenue District Office (RDO):

a. Duly completed application for authority to print receipts and invoices (BIR Form No. 1906); b. Job order; c. Final and clear sample of receipts and invoices (machine-printed); d. Application for registration (BIR Form No. 1903); ande. Proof of payment of annual registration fee (BIR Form No. 0605).

10. Register with the Social Security System (SSS) Agency: Social Security System

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To register with the SSS, the company must submit the following documents:a. Employer registration form (Form R-1);b. Employment report (Form R-1A);c. List of employees, specifying their birth dates, positions, monthly salary and date of employment; andd. Articles of incorporation, by-laws and SEC registration.

Upon submission of the required documents, the SSS employer and employee numbers will be released. The employees may attend an SSS training seminar after registration. SSS prefers that all members go through such training so that each member is aware of their rights and obligations.

11. Register with the Philippine Health Insurance Company (PhilHealth) Agency: Philippine Health Insurance Corporation

To register with PhilHealth, the company must submit the following documents: a. Employer data record (Form ER1); b. Report of employee-members (Form ER2); c. SEC registration; d. BIR registration; ande. Copy of business permit.

12. Register with Home Development Mutual Fund (Pag-ibig) Agency: Home Development Mutual Fund

To register with the HDMF, the corporation must submit the following documents: a. Employer's Data Form (EDF [FPF040]); b. Specimen Signature Form (SSF[FPF170]);c. Copy of SEC Certificate of Incorporation;d. Copy of Approved Articles of Incorporation and By-laws; ande. Board Resolution or Secretary’s Certificate indicating the duly designated Authorized Representative.

13. Department of Labor and Employment (DOLE) – for businesses with five workers or more, register your business with DOLE

IV. MARKETING PLAN

1. What am I selling?(your product benefits message)

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Four P’S of Marketing

Product

We will introduce two types of kits in the first year. Also, we will offer second books and tools, such as, VOM’s, breadboards, and books. The kits will include amplifier and power supply kits. In this way, students will no longer have to look spend so much time looking for each of the component in each kit because we will provide it all in one. Another, they will be able to save up because, they no longer have to spent money for transportation and, perhaps, for food. We can also assure that our products is functioning and tested even though we sell it in a low price and we always make sure that our service to the costumers is fast and best.

Price

We knew very well that our target market is the students and most of them are on the tight budget. That’s why we want our products to be as affordable as possible. Below is the computation of how much will be our mark-up and the price will be.

PRICING PRODUCT

OVERHEAD EXPENSES - P 26,100.00 OVERHEAD PERCENTAGE - 20 %

DIRECT COST - P 140,000.00 MARGIN PERCENTAGE - 20%

MARKED PERCENTAGE- 25%

MARK UP PRICING B

DC X (Mark % + O.A %) = Mark upP 140, 000.00(0.25 + 0.20) = P 63 ,000.00

Mark up + total cost = selling priceP 63 ,000.00 + P 166, 100.00 =P 229, 100.00

Promotion

The development of the World Wide Web has changed the business environment forever. So, we can say that it will be great for us to promote our products through the social media. Our

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consumers can obtain instant information on our products to aid them in their crucial purchase decision. And of course, we will be working as a team in promoting our products to encourage more customers.

Place

Our store is easy to determine because it is found inside the campus. As we have mentioned above, we can also be found in different social networking sites. So, the students can easily access us whenever they need or want to.

2. Who aim selling to?

Five F’S

Function

When we planned this business, we made sure that all the products that we will be selling are what most needed by electronics students and their allies. We develop this business because we want things to be easy and comfortable for the students. Things like, looking for what they need in an affordable price and way. The costumers are free to test the product before buying and if the product is having a complication within a week of purchasing, they are free to go back to our store, and our personnel are willing to check the product that having a complication and change it immediately if we prove/found out that our product is really defective .We can assure to them that our product that we are selling are best so it will settle their mind and make them feel.

Finances

Like what we have said earlier, since mainly our target market is the students, we made sure that the prices of our products will be as affordable as possible. Also, as what we kept on mentioning, that is not just the way that we can help students, also we can help them save through not spending too much transportation and food. Also, the important is that we can help them save their TIME.

Freedom

Since we can easily be found inside the campus, they can easily purchase our products and surely all of those will be so useful for them. Another, it will be a lot easier for them because they can actually order from us online and we could deliver to them with very minimum additional payment or they can just pick it up from our shop.

Feelings

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Since we were also students, we can easily relate to how our customers feel because we get through what they get through, we feel what they feel, and we experience what they experience. In this way, they can feel comfortable in our shop with us because it will at home. We can also give them some piece of advice and knowledge about the product and how does it work effectively.

Future

Technology is continuously changing. That’s why we know, we must get up-to-date to what the students will need in the future. We will read and keep ourselves updated to whatever they will need in the upcoming times.

3. How will I sell it?

(Strategy and tactics)

- We will post flyers to inform the student s of TUP Taguig-Campus specially electronics students that electronics kits are available in our store - that found inside the campus, so that they don’t have to go outside the campus to buy these things that they needed. Post in the internet so that everyone will know about out store and We will also pay a visit to every section of TUP to inform them about the products that we are selling and inform them the benefits if they going to buy our product, that if they going to buy our products they can also help those student s who formerly own the materials/component.

Create separate marketing campaigns and offers Up sell to your customers Improve customer retention by tailoring communications and offers to customers Put your resources into your most profitable areas Design products and services that closely match the demands of a particular group

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Sample FLYER

Vision:

Your choice will be at lowest price and store will be the no. 1 provider in the school of equipments, tools and books for students.

Mission:

Your choice is to provide electronics students basic components need. All costumers expectation will be exceeded with their innovative, useful products and complete customer

satisfaction are guaranteed.

We’re selling some electronics equipments like:

*Amplifier and Power Supply Kits

*VOM

* Breadboard

* Books

Call or Text us:

09466636789 for smart subscriber

09352602835 for Globel TM subscriber.

4. What are desired results?

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We can say that what we best desire is to help the students and get them satisfied because there is no more rewarding than seeing happy and satisfied faces. Earning will be just an additional to us or what they call, BONUS.

SALES FORECAST WORKSHEET

Kit price perkit pcs.

Kits to be sold:1st Quarter

Total sales for 1st Quarter

Kits to be sold:2nd Quarter

Total sales for 2nd Quarter

Kits to be sold:3rd Quarter

Total sales for 3nd Quarter

Total for 2014

Amplifier 2500.00 90 225K 95 237.5 K 100 250K 712.5 KPower supply

1500.00 90 135 K 95 142.5 K 100 150 K 427.5 K

VOM 650.00 90 58.5 K 95 61.75K 100 65 K 185.25 KBread board

100.00 100 10 K 105 10.5 K 110 11K 31.5 K

Books 450.00 90 40.5 K 95 42.75 100 45K 128.25 KTotal sales

460 482. 5 K 485 495K 510 521K 1.485 M

5. How much it will cost?(Marketing Budget)

MARKETING BUDGET WORKSHEET

1ST QUARTER 2ND QUARTER 3RD QUARTER TOTAL FOR 2014

FLYERS 200.00 200.00 300.00 700.00MEDIA

ADVERTISINGBROCHURES

BROADSHEETPROMOTIONAL

ITEMS 300.00 300.00

TOTAL COST 200.00 200.00 600.00 1, 000.00

V. FINACIAL PLAN

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THE SOURCE FUNDS• The source of funds of “YOUR CHOICE” is the capital contributed by the

three owners, namely, Bulauan, De Vera, and Espiritu. The each contributed P 150, 000.00, making P 450, 000.00 as the starting capital.

Income Statement for the Company ‘YOUR CHOICE’

BEGINNING 1st QUARTERSales

Amplifier Kits

Power Supply Kits

Breadboards

VOM’s

Books

Total Sale

Cost of Goods Sold

Amplifier Kits

Power Supply Kits

Breadboards

VOM’s

Books

Total Cost of Goods Sold

Gross Profit

Operating Expenses Salaries Rent Utilities Miscellaneous Flyers

----------P 2,000.001,500.002,000.00200. 00

(5,700.00)

P( 5, 700.00)

P 225, 000.00135, 000.0010, 000.0058, 500.0054, 000.00

P 482, 500.00

P 135, 000.0090, 000.008, 000.0040, 500.0036, 000.00

( 309, 500.00)

173, 000.00

P106, 500.006 ,000.003,000.002,000.00

(117, 500)

P 55, 500.00

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http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/operating-expense-2792

http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/gross-profit-2077

Total Operating Expense

Net Income

* The total capital was P 450, 000.00 wherein De Vera, Bulauan, and Espiritu each gave P 150 000.00. In the first quarter we are able to sell 90 pcs. each of Amplifier and power Supply Kits, VOM’s and books, and 100 pcs. of breadboards. We also paid an advance of P2000.oo for our rent. For 3 month rent, we paid P 6000.00. for our beginning, we spent P 200.00 for our marketing(flyers).

2nd Quarter 3rd QUARTERSales

Amplifier Kits

Power Supply Kits

Breadboards

VOM’s

Books

Total Sale

Cost of Goods Sold

Amplifier Kits

Power Supply Kits

Breadboards

VOM’s

Books

Total Cost of Goods Sold

Gross Profit

Operating Expenses Salaries

P 225, 000.00127, 500.0011, 000.0061, 750.0057, 500.00

P 539, 750.00

P 135, 000.0085, 000.008, 800.00

47, 500.0027, 500.00

( 303, 800)

235, 950.00

P106, 500.006 ,000.002, 000.003, 000.00

(117, 500)

P 200, 000.00135, 000.009, 500.0065, 000.0048, 000.00

P 457, 500.00

P 120, 000.0090, 000.007, 600.0045, 000.0032, 000.00

( 294, 600.00)

162, 900.00

P106, 500.006 ,000.002, 500.003, 500.00

(118, 500)

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http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/operating-expense-2792

http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/gross-profit-2077

Rent Utilities Miscellaneous

Total Opertaing Expense

Net Income

P 118, 450 P 44, 400.00

* In the second quarter we are able to sell 90 pcs. of amplifier kits 85 pcs. of power supply kits, 110 pcs. of breadboards, 95 pcs. of VOM’s, and 60 pcs. of books. We also paid P 6000.00 for 3 month rent.

In the third quarter we are able to sell 80 pcs. of amplifier kits 90 pcs. of power supply kits, 95 pcs. of breadboards, 100 pcs. of VOM’s, and 80 pcs. of books. We also paid P 6000.00 for 3 month rent

Company ‘YOUR CHOICE’Balance Sheet

As on the Beginning

ASSETS LIABILITIES AND EQUITYCurrent Assets: Liabilities:

Cash P 166, 800.00 Accounts Payable P 10, 000.00 Accounts Receivable Utilities Payable 3, 050.00Office Supplies 2, 000.00 Unearned Revenue 75, 000.00Prepaid Rent 2, 000.00 Interest Payable 3, 000.00

Total Current Assets P 172, 800.00 Notes Payable 8, 000.00Non-Current Assets: Total Liabilities P 99, 000.00

Equipment P 2, 000.00 Common Stock P 56,000.00Accumulated Depreciation 50.00 Retained Earnings 20, 000.00

Net Non-Current Assets 2, 050.00 P 76, 400.00

Total Assets P 174, 850.00 Total Liabilities and Equity P 174, 850.00

We currently have P 166, 800.00 cash after deducting P 275, 500.00 for our first set of products, P 5, 700.00 for our operating expenses, and P 2, 000.00 for our equipment purchases to our P 450, 00.00 capital.


As on the First Quarter

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Cash P 171, 800.00 Accounts Payable P 30, 000.00 Accounts Receivable 5, 000.00 Utilities Payable 5, 000.00Office Supplies 1, 000.00 Unearned Revenue 85, 000.00Prepaid Rent 2, 000.00 Interest Payable 2, 000.00

Total Current Assets P 179, 800.00 Notes Payable 10,000.00Non-Current Assets: Total Liabilities P 132, 000.00

Equipment P 1, 950.00 Common Stock P 45, 800.00Accumulated Depreciation 50.00 Retained Earnings 4, 000.00

Net Non-Current Assets 2, 000.00 49, 800.00

Total Assets P 181, 800.00 Total Liabilities and Equity P 181, 800.00

The current cash is P 171, 800.00 as it is the ending cash balance in the statement of cash flows for the beginning.


As on the Second Quarter


Cash P 252, 300.00 Accounts Payable P 90, 000.00 Accounts Receivable 1, 000.00 Utilities Payable 10, 000.00Office Supplies 500.00 Unearned Revenue 95, 000.00Prepaid Rent 2, 000.00 Interest Payable 2, 000.00



Net Non-Current Assets 1, 950.00 55, 750.00Total Assets P 257, 750.00 Total Liabilities and Equity P 257, 750.00

The current cash is P 252, 300.00 as it is the ending cash balance in the statement of cash flows for the first quarter.


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As on the Third Quarter


Cash P 370, 750.00 Accounts Payable P 100, 000.00 Accounts Receivable 500.00 Utilities Payable 5, 000.00Office Supplies 300.00 Unearned Revenue 175, 000.00Prepaid Rent 2, 000.00 Interest Payable 2, 000.00



Net Non-Current Assets 1, 900.00 85, 850.00Total Assets P 369, 850.00 Total Liabilities and Equity P 369, 850.00

The current cash is P 370, 750.00 as it is the ending cash balance in the statement of cash flows for the second quarter.

Cash Flow Statement

For the Beginning

Beginning Cash Balance: P 450, 000.00Cash Inflow: Cash Collections Credit Collections Investment Income

3,000.00 2, 000.00

--------------Total Cash Inflow: P 455, 000.00

Cash Outflow: Expenses Others Equipment purchase

P 275, 500.00 5, 700.002, 000.00

Total Cash Outflow: P 283, 200.00

Ending Cash Balance P 171, 800.00

Company ‘YOUR CHOICE’

Cash Flow Statement

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For the end of First Quarter

Beginning Cash Balance: P 171, 800.00

Cash Inflow:

Cash Collections Credit Collections Investment Income

482, 500.00 5, 000.00

20, 000.00Total Cash Inflow: P 679, 300.00


P 309, 500.00 117, 500.00

___________Total Cash Outflow: P 427, 000.00



Cash Flow Statement

For the end of Second Quarter


Cash Inflow:


539, 750.00

___________Total Cash Inflow: P 792, 050.00


P 303, 800.00 117, 500.00




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Cash Flow Statement

For the end of Third Quarter


Cash Inflow:


457, 500.00 1, 000.00

___________Total Cash Inflow: P 829, 250.00


P 294, 600.00 118, 500.00



VI. SUMMARY and CONCLUSION

From the capital of P 450, 000.00, there will be already a return of it in

more or less a year. This project will be of great help to the students and faculty of

the TUP-T, specifically to the Electronics Department.

OUR COMPANY’s BEST GOAL IS NOT TO EARN MONEY BUT TO

SATISFY EACH OF OUR CUSTOMERS. YOUR SATISFACTION IS OUR

PRIZE. QUALITY SERVICE IS WHAT WE SELL.

30

business plan (company: your choice)

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