Post on 23-Nov-2014
Section 3
FINANCIAL DATA
I. Sources and Application of Funding
A. List Sources of Securing Capital
The capital of the business will be loaned from “Banco De Oro”.
>Loan amount
-2,000,000.00php
>Term Loan
-Most suitable loan product for Froozy’s business needs
Payment terms
-Maximum of ten years but the loan will be paid five years ahead.
Interest Rate
-1.25%
Details
-Deposited on Froozy’s BDO deposit account.
-Repayment is made monthly for both principal and interest dues.
B. List of the Major Categories of Expenditures
The major capital expenditures of the business “Froozy” for the start of its operation includes:
I. Construction Needs for the Personalization of the Store
Name of Construction
MaterialsPrice Quantity Total Price
Tiles(C.R.) 15.00php 100pcs. 1,500.00phpDoor(C.R.) 800.00php 1pc. 800.00php
Tables 400.00php 4pcs. 1,600.00phpChair 250.00php 20pcs. 5,000.00phpPaint 750.00php 4gallon 3,000.00php
Circuit Breaker 600.00php 1pc. 600.00phpLight Bulb 90.00php 1pc. 90.00php
Salary and Wages of The
Construction Workers
24,500.00php
The Construction materials listed above will be purchased from Lito’s Builder Construction Supplies located at Brgy. Tambo Lipa City. Froozy will operate in an established business for rent and spend 12,590.00php for the customization of the space and 24,500.00php for the salary of workers for a total of 37,090.00php for the personalization of the store.
II. Equipments Needed
Name of Equipment
Price Quantity Total Price
Sink 985.00php 2pcs. 1,970.00phpClock 500.00php 1pc. 500.00php
Faucet 200.00php 3pcs. 600.00phpCash Register 32,600.00php 1pc. 32,600.00phpRefrigerator 14,000.00php 3pcs. 42,000.00php
Blender 1,000.00php 2pcs. 2,000.00phpCeiling Fan 865.00php 4pcs. 3,460.00php
Fire Extinguisher 1,600.00php 1pc. 1,600.00phpGasul 565.00php 2pcs. 1,130.00phpMop 150.00php 1pc. 150.00php
Broom 50.00php 1pc. 50.00phpToilet Bowl 1,200.00php 1pc. 1,200.00php
Exhaust Fan 700.00php 2pcs. 1,400.00phpCasserole 100.00php 4pcs. 400.00php
Pan 125.00php 2pcs. 250.00phpName of
EquipmentPrice Quantity Total Price
Scoop 180.00php 1dozen 2,160.00phpServing Spoon 20.00php 2dozen 480.00php
Plates 20.00php 1dozen 240.00phpTrashcan 85.00php 8pcs. 680.00phpPitcher 200.00php 3pcs. 600.00phpKnives 35.00php 4pcs. 140.00php
Pot Holder 25.00php 4pcs. 100.00phpPeeler 60.00php 2pcs. 120.00php
Measuring Cups 110.00php 3pcs. 330.00phpBowls 85.00php/set/4pcs. 4sets 340.00phpTurner 50.00php 2pcs. 100.00phpBurner 750.00php 2pcs. 1,500.00php
The equipments of the business will be purchased online from www.sulit.com which offers free shipping of their products. The total expense for the equipments of the business is 96,970.00php.
III. Shop Supplies
Name of Shop Supplies
Price Quantity Total Price
Spoon 0.50php 10,000pcs. 5,000.00phpCups 6.00php 10,000pcs. 60,000.00php
Tissue 15.00php 4packs 60.00php
Calypso Plastic Company located at 721 Frensa Street Binondo Manila, will be Froozy’s exclusive producer of cups, spoons and tissue carrying Froozy’s name. The total expense for shop supplies is 65,060.00php.
IV. Office Supplies
Name of Office Supplies
Prices Quantity Total Price
General Journal 35.00php 1pcs. 35.00php
Receipt Paper 100.00php 3pcs. 300.00phpRecord Book 50.00php 3pcs. 150.00php
Paper 5.00php 1pack/20pcs 100phpBallpoint pen 70.00php 1pack/12dozen 70.00php
The supplies mentioned earlier will be purchased monthly from Mang Arthuro’s Store together with the products to be sold. This office supplies costs a total of 655.00php.
V. Ingredients for the Products to be sold
Another Major Capital Expenditures are the ingredients for the products to be sold:
Name of Ingredients
Original Price Wholesale Quantity Total Price
Mango 80.00php 70.00php 60 kilos 4,200.00phpBanana 1.50php 1.50php 140pcs. 140.00phpApple 12.00php 10.00php 140pcs. 1,400.00php
Pineapple 40.00php 35.00php 84pcs. 2,940.00phpCooked Ube 45.00php 40.00php 60 kilos 2,400.00php
Banana(Saba) 1.50php 1.00php 150pcs. 150.00phpCamote 30.00php 25.00php 60 kilos 1,500.00php
Nata De Coco 20.00php 18.00php 60 kilos 1,500.00phpPinipig 30.00php 25.00php 60 kilos 1,080.00php
Ice(crushed) 35.00php 30.00php 250 kilos 7,500.00phpGrahams(crushed
)25.00php 23.00php 30pcs. 690.00php
Chocolate Syrup 125.00php 123.00php 5 bottles 615.00phpStick-O 50.00php 46.00php 72 bottles 3,312.00php
Sprinkles 40.00php 35.00php 3 packs 125.00phpNips 40.00php 35.00php 3 packs 125.00php
Cooking Oil 20.00php 18.00php 30 bottles 540.00phpSugar White 60.00 58.00php 48 kilos 2,784.00phpSugar Brown 55.00php 53.00php 48 kilos 2,544.00php
Condensed Milk 40.00php 35.00php 72pcs. 2,520.00phpEvaporated Milk 25.00php 23.00php 72pcs. 1,656.00php
Sago 30.00php 25.00php 60 kilos 1,500.00php
The products mentioned above will be purchased through wholesale from Mang Arthuro’s Store. The total cost of the products is 39,201.00php.
VI. Other Expenses
Uniform Allowance
-Pertains to the uniform for all of the employees which costs 5,400.00php.
Utility Expense
-This includes electricity expense (10,000.00php/month), water expense (10,000.00php/month) and telephone expense (5,000.00php/month). All of the utility expense garners a total amount of 25,000.00php.
License Expense
-Expense for business permits and sanitary permits will all cost 4,000.00php.
Advertising Expense
-This includes the cost of tarpaulin and advertisement through radio/television during the first month of its operation. The business will allot a sum of 50,000.00php for advertising purposes. Advertising will be done every six months of operation. On the second quarter of our operation same cost of advertising will be implemented.
Rent Expense
-The business will pay 37,500.00php a month for the space used.
Salary Expense
-The amount paid for the services of the employees working in the store that would cost 26,000.00php.
Delivery Expense
-Pertains to the payment for deliveries of products from Mang Arthuro’s Store which will be paid weekly. This will cost 1,200.00php/month.
Loan Expense
-Pertains to the monthly sum of money paid by the business to support their expenditures. This amount of money including the monthly interest expense costs 53,334.00php
The total of all expenses for starting up the business “Froozy” for the first month is 446,410.00php.
Name of Expenses
(February to June)
Total amount
Utility Expense 125,000.00php
Rent Expense 187,500.00php
Salary Expense 130,000.00php
Freight In 6,000.00php
Shop Supplies 325,300.00php
Products to be Sold 196,005.00php
Office Supplies 3,275.00php
Loan Expenses 291,670.00php
From the second month until the sixth month (February to June) of the first quarter of operation, the total amount of expenses is 1,264,750.00php.
This sums up to 1,711,160.00php, all the expenses for the first quarter of business operation (January to June)
The expenses for the second quarter of operation (July to December) is the same as the expenses of February to June of the first quarter including advertising expense that cost 50,000.00php.
II. Income and Cash Flow Forecasting
A. Sales Projection
960,000.00php is the projected sales for the first quarter of business operation. The owners took the average amount of the prices of all the suggested products of “Froozy” (40.00php) that will be multiplied in the everyday expected costumers (250/day). The owners did this kind of estimation because it is the most precise approach to do to determine the sales of the business. And
the business focuses on the costumer’s interaction on its products they are free to choose on what they are getting.
Froozy
Income Statement
For the Month ended of January to June 30, 2015
Sales 960,000.00php
Less: Operating Expenses
Rent Expense 225,000.00php
Utility Expense 150,000.00php
Advertising Expense 50,000.00php
License Expense 4,000.00php
Salary Expense 182,000.00php
Freight In 7,200.00php
Miscellaneous Expense 37,090.00php
Interest Expense 150,000.00php
Uniform Allowance 5,400.00php 784,670.00php
Net Income 175,330.00php
Froozy
Income Statement
For the Month ended July to December 31, 2015
Income from Sales 960,000.00php
Less: Operating Expenses
Rent Expense 225,000.00php
Utility Expense 150,000.00php
Advertising Expense 50,000.00php
Salary Expense 182,000.00php
Freight In 7,200.00php
Miscellaneous Expense 37,090.00php
Interest Expense 150,000.00php 758,200.00php
Net Income 221,800.00php
FroozyBalance Sheet
January – December 31,2015
Assets Current Assets
Cash on Hand 2,700,160.00php Total Current Asset 2,700,160.00php
Fixed AssetEquipment 96,970.00phpTotal Fixed Asset 96,970.00php
Total Asset 2,797,130.00php
Liabilities and Proprietorship:
Liabilities
Loans Payable 400,000.00php
Total Liabilities 400,000.00php
Proprietorship
Capital 2,000,000.00php
Add: Net Income 397,130.00php
Total Proprietorship 2,397,130.00php
Total Liabilities and Proprietorship 2,797,130.00php
ame: Albien Rynel D. Bautista
Address: Tambo, Lipa City
Contact number: 09128786826
E-mail Address: albien_ryn12@yahoo.com
Personal Data
Age : 22
Sex : male
Height : 5’8”
Weight : 120 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : July 9, 1993
Place of Birth : Mt. Carmel Hospital
Mother’s Name : Charito Bautista
Occupation : none
Father’s Name : Henry Bautista
Occupation : none
Educational Background
Elementary : Mary Immaculate School (1999-2001)
Early Start Learning Center
B. Morada St., Lipa City
Year Attended: 2001-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : St. Paul Seminary Cubao
Cubao
Year Attended: 2011-2016
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Rico Rocreo
Barangay Captain
Tambo, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Albien Rynel D. Bautista
Applicant
Name: Anily Faye M. Alcantara
Address: Gen. Luna St. Sabang, Lipa City
Contact number: 09128710277
E-mail Address: sujuholic@rocketmail.com
Personal Data
Age : 21
Sex : female
Height : 5’1”
Weight : 54 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : March 31, 1994
Place of Birth : Lipa City
Mother’s Name : Gregoria Alcantara
Occupation : Housewife
Father’s Name : Noriel Alcantara
Occupation : Security guard
Educational Background
Elementary : G.B. Lontok Memorial School
P. Laygo St. Sabang, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : Batangas State University
Malvar, Batangas
Engineering
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Fred Lescano
Barangay Captain
Sabang, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Anily Faye M. Alcantara
Applicant
Name: Bon David M. Garcia
Address: 67 Mataas na Lupa, Lipa City
Contact number: 09269305704
E-mail Address: bonbon102@gmail.com
Personal Data
Age : 21
Sex : male
Height : 5’7”
Weight : 128 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : November 30, 1993
Place of Birth : Lipa City
Mother’s Name : Rhyna Garcia
Occupation : School vendor
Father’s Name : Deo Garcia
Occupation : self-employee
Educational Background
Elementary : Padre Valerio Malabanan Memorial School
B. Morada St., Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
BS Electronics Communication Engineering
Year Attended: 2011-2016
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Pablo Levita
Barangay Captain
Mataas na Lupa, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Bon David M. Garcia
Applicant
Name: Diseree Dimaano
Address: Tangway, Lipa City
Contact number: 09483800173
E-mail Address: desiree_dimaano@yahoo.com
Personal Data
Age : 21
Sex : female
Height : 5’5”
Weight : 112 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : December 28, 1994
Place of Birth : Lipa City
Mother’s Name : Amalia Dimaano
Occupation : Businesswoman
Father’s Name : Artemio Dimaano
Occupation : Bank manager
Educational Background
Elementary : Tangway Elementary School
Tangway, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : Ateneo De Manila University
Quezon City
BS Mathematics
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Giovanni Mayor
Barangay Captain
Tangway, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Diseree Dimaano
Applicant
Name: Emmanuel M. Sambayan
Address: 122 Sta. Agatha St. Villa Rosa Carmel Subd. Lipa City
Contact number: 09053249608
E-mail Address: sambayan_emman@yahoo.com
Personal Data
Age : 21
Sex : male
Height : 5’7”
Weight : 136 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : January 16, 1994
Place of Birth : Lipa City
Mother’s Name : Aida Sambayan
Occupation : none
Father’s Name : Ruel Sambayan
Occupation : none
Educational Background
Elementary : Lipa City South Central School
Granja, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle College of Saint Benilde
DLS-CSB SDA Campus, 950 P. Ocampo St. Malate Manila, 1004
AB Multimedia Arts
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Jhonny Lat
Barangay Captain
Antipolo Del Norte, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Emmanuel M. Sambayan
Applicant
Name: Jennilyn B. Bañas
Address: Tambo, Lipa City
Contact number: 09074674897
E-mail Address: jenilyn_0818@yahoo.com
Personal Data
Age : 22
Sex : female
Height : 5’4”
Weight : 100 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : September 18, 1993
Place of Birth : Tambo Lipa City
Mother’s Name : Shirley Bañas
Occupation : Housewife
Father’s Name : Porferio Bañas
Occupation : Sewer
Educational Background
Elementary : Tambo Elementary School
Tambo, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : University of Sto. Tomas
Sampaloc, Laguna
BS Hotel and Restaurant Management
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Rico Rocreo
Barangay Captain
Tambo, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Jennilyn B. Bañas
Applicant
Name: Louie C. Valerio
Address: Mataas na Lupa, Lipa City
Contact number: 09997717550
E-mail Address: lui_villa@yahoo.com
Personal Data
Age : 21
Sex : male
Height : 5’11”
Weight : 120 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : September 13, 1994
Place of Birth : Mataas na Lupa, Lipa City
Mother’s Name : Sabrina Valerio
Occupation : Housewife
Father’s Name : Eusebio Valerio
Occupation : Businessman
Educational Background
Elementary : Canossa Academy
Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
BS Marketing Management
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Pablo Levita
Barangay Captain
Mataas na Lupa, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Louie C. Valerio
Applicant
Name: Marchy Luck Tubigan
Address: Sico, Lipa City
Contact number: 09213172831
E-mail Address: marchy.tubigan@yahoo.com
Personal Data
Age : 21
Sex : female
Height : 4’3”
Weight : 70 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : March 16, 1994
Place of Birth : Fernando Air Base Hospital
Mother’s Name : Cecilia Tubigan
Occupation : Housewife
Father’s Name : Noel Tubigan
Occupation : decease
Educational Background
Elementary : Fernando Air Base Elementary School
Fernando Air Base, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
BS Psycology
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Jeffrey Villapando
Barangay Captain
Sico, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Marchy Luck Tubigan
Applicant
Name: Mark Jay Lajarca
Address: 333Brgy. San Carlos, Lipa City
Contact number: 09057400520
E-mail Address: mark.lajarca@yahoo.com
Personal Data
Age : 22
Sex : male
Height : 5’6”
Weight : 130 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : November 11, 1993
Place of Birth : Lipa City
Mother’s Name : Celia Lajarca
Occupation : Businesswoman
Father’s Name : Arnold Lajarca
Occupation : Seaman
Educational Background
Elementary : Lipa South Central School
Brgy 6, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
BS Mathematics
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Ricardo Lajarca
Barangay Captain
San Carlos, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Mark Jay Lajarca
Applicant
Name: Shane L. Baet
Address: Sona-Sabang, Lipa City
Contact number: 09164388141
E-mail Address: baet.shane@yahoo.com
Personal Data
Age : 21
Sex : female
Height : 5’5”
Weight : 90 lbs
Nationality : Filipino
Religion : Roman Catholic
Civil Status : Single
Date of Birth : January 6, 1994
Place of Birth : Lipa City District Hospital
Mother’s Name : Adelaida Baet
Occupation : Housekeeper
Father’s Name : Raynaldo Baet
Occupation : deceased
Educational Background
Elementary : Brion Silva Elementary School
Munting Pulo, Lipa City
Year Attended: 1999-2006
Secondary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
Year Attended: 2006-2011
Tertiary : De La Salle Lipa
1962 JP Laurel National Highway, Lipa City
BS Industrial Engineering
Year Attended: 2011-2015
Character Reference:
Mr. Rey Villegas
High School Teacher
De La Salle Lipa
Mr. Fred Lescano
Barangay Captain
Sabang, Lipa City
I hereby certify that the above application is true and correct to best of my knowledge and belief.
Shane L. Baet
Applicant
Point of Sales
A. 1.Shakers ( 25.00 php ) - Any fruit but only one ( Mango, Apple, Banana, Pineapple) (5.00 php)- Crushed Ice ( 5.00 php)- Ice Cream ( 5.00 php)- Add Additives (Any) ( 15.00 php)
2. Creamy ( 35.00 php)
- Ice Cream ( 10.00 php)
- Honey ( 10.00 php)
- Add Additives ( 10.00 php )
B. 1. Mango Madness ( 45.00 php) - mango ( 10.00 php)- Crushed Ice ( 5.00 php)- Ice Cream ( 20.00 php)- Food Syrup ( Mango Flavor ) (5.00 php)- Add Additives ( 5.00 php)
2. Banana Burst ( 30.00 php)
- Banana (4.00 php)
- Crushed Ice ( 5.00 php)
- Chocolate Syrup ( 5.00 php)
- Add Additives ( 10.00 php)
3.Awesome Apple ( 45.00 php)
- Apple ( 10.00 php)
- Ice Cream ( 20.00 php)
- Honey ( 5.00 php)
- Pinipig ( 5.00 php)
4.Pineapple Punch ( 35.00 php)
- pineapple (15.00 php)
- Crushed Ice ( 5.00 php)
- Add Additives ( 10.00 php)
- Honey ( 5.00 php)
5. Fruta Fiesta ( 45.00 php)
- ube (5.00 php)
- banana ( 5.00 php)
- camote ( 5.00 php)
-sago (5.00 php)
- nata de coco ( 5.00 php)
- pinipig ( 5.00 php)
- mango (5.00 php)
- Ice Cream ( 10.00 php)
- Honey ( 5.00 php)
C. 1. De-light bulbs ( 15.00 php)
- Crushed Ice ( 5.00 php)
- Syrup ( choose any) ( 5.00 php )
- Ice Cream ( 5.00 php)
Froozy Floor Plan