Professional Documents
Culture Documents
5. The company will be using straight-line method of depreciating its plant assets.
Equipment/Machinery and furniture and fixtures will have useful life of 10 years and 5 years
respectively with no salvage value.
6. The 60% of each partner's share in net income is expected to be withdrawn on the same year
generated.
7. Miscellaneous expense is assumed to be at 10% of the total operating expenses.
8. There will be a 3% increase in demand every year
Projected Demand Ga
For the year 2016-202
Brgy. Kapasigan
Brgy. San Miguel
Brgy. Rosario
Brgy. Kapitolyo
Brgy. Palatiw
Total Population
Those who prefer (62%)
Willing to try our product (70%)
Total Projected Demand (46%)
Projected Supply
Demand Gap
STOOL
Raw Materials
Quantity
Rubber Tire P225/50R16
All Purpose Glue 1 Bottle
Varnish 1/2 Bottle
Flat Head Screw 25g 10x2.5mm
Plywood marine
Abaca Rope 1 kilo
Top Plate 2 tube
Maple Table Leg
Caulk
Polycarbonate sheet
2016
COST
STOOL 1,126.00
STOOL WITH TABLE LEG 1,506.00
STOOL WITH UPHOLSTERED SEAT 1,501.00
COST OF GOODS SOLD FOR 2016
2017
STOOL 1,182.30
STOOL WITH TABLE LEG 1,581.30
STOOL WITH UPHOLSTERED SEAT 1,576.05
COST OF GOODS SOLD FOR 2017
2018
STOOL 1,241.42
STOOL WITH TABLE LEG 1,660.37
STOOL WITH UPHOLSTERED SEAT 1,654.85
COST OF GOODDS SOLD FOR 2018
2019
STOOL 1,303.49
STOOL WITH TABLE LEG 1,743.38
STOOL WITH UPHOLSTERED SEAT 1,737.60
COST OF GOODS SOLD FOR 2019
2020
STOOL 1,368.66
STOOL WITH TABLE LEG 1,830.55
STOOL WITH UPHOLSTERED SEAT 1,824.47
COST OF GOODS SOLD FOR 2020
2016
SELLING PRICE
STOOL 1689.00
STOOL WITH TABLE LEG 2259.00
STOOL WITH UPHOLSTERED SEAT 2251.50
TOTAL PROJETED SALES FOR 2016
2017
STOOL 1773.45
STOOL WITH TABLE LEG 2371.95
STOOL WITH UPHOLSTERED SEAT 2364.075
TOTAL PROJETED SALES FOR 2017
2018
STOOL 1,862.12
STOOL WITH TABLE LEG 2,490.55
STOOL WITH UPHOLSTERED SEAT 2,482.28
TOTAL PROJETED SALES FOR 2018
2019
STOOL 1,955.23
STOOL WITH TABLE LEG 2,615.07
STOOL WITH UPHOLSTERED SEAT 2,606.39
TOTAL PROJETED SALESFOR 2019
2020
STOOL 2,052.99
STOOL WITH TABLE LEG 2,745.83
STOOL WITH UPHOLSTERED SEAT 2,736.71
TOTAL PROJETED SALES FOR 2020
Projected Demand Gap
For the year 2016-2020
1126.00 1506.00
563 753
1689.00 2259.00
783 925,557.49
783 1,237,912.59
783 1,233,802.66
2,349 3,397,272.74
827 1,026,103.09
827 1,372,390.11
827 1,367,833.70
2,480 3,766,326.90
851 1,109,730.50
851 1,484,239.90
851 1,479,312.14
2,554 4,073,282.54
897 1,227,879.69
897 1,642,261.83
897 1,636,809.43
2,691 4,506,950.96
F PROJECTED SALES
783 1,388,336.24
783 1,856,868.89
783 1,850,703.99
2,349 5,095,909.12
827 1,539,154.64
827 2,058,585.16
827 2,051,750.55
2,480 5,649,490.34
851 1,664,595.74
851 2,226,359.85
851 2,218,968.22
2,554 6,109,923.81
897 1,841,819.54
897 2,463,392.74
897 2,455,214.15
2,691 6,760,426.43
2019 2020
1,435 1477.79306753
5,878 6054.11188899
13,095 13488.09757904
1,854 1909.98845057
3,449 3552.10580436
25,711 26,482
15,941 16,419
11,158 11,493
5,133 5,287
1,484 1,442
3,649 3,845
2,554 2,691
186.00
200.00
365.00
1501.00
751
2251.50
RUBBER STOOL
PROJECTED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED 2016-2020
2016 2017 2018
Sales 4,711,890.08 5,095,909.12 5,649,490.34
Less: Projected Cost of Sales 3,141,260.05 3,397,272.74 3,766,326.90
Gross Profit 1,570,630.03 1,698,636.37 1,883,163.45
Less Operating Expenses:
Salaries Expense/Allowance 639,576.00 639,576.00 639,576.00
13th Month Pay 53,298.00 53,298.00 53,298.00
SSS Premium Expenses 27,680.40 27,680.40 27,680.40
Philhealth Premium Expenses 4,200.00 4,200.00 4,200.00
HDMF Premium Expenses 4,800.00 4,800.00 4,800.00
Depreciation Expense - Equipment 1,298.00 1,298.00 1,298.00
Supplies Expense 1,425.00 1,496.25 1,571.06
Taxes and Licenses Expense 13,300.00 13,699.00 14,109.97
Electricity Bill 36,000.00 37,080.00 38,192.40
Water Bill 6,000.00 6,180.00 6,365.40
Internet/Landline 24,000.00 24,720.00 25,461.60
Rent Expense 144,000.00 148,320.00 152,769.60
Miscellaneous Expense 106,175.27 106,927.52 107,702.49
Total Expenses (1,061,752.67) (1,069,275.17) (1,077,024.93)
Net Income Before Tax 508,877.36 629,361.21 806,138.52
Less: Income Tax (32%) (162,840.75) (201,395.59) (257,964.33)
Net Income After Tax 346,036.60 427,965.62 548,174.20
RUBBER STOOL
PROJECTED STATEMENT OF CASH FLOWS
For the year ended 2016-2020
Dec-16 Dec-17 Dec-18
RUBBER STOOL
PROJECTED STATEMENT OF FINANCIAL POSITION
For the year ended 2016 - 2020
Dec-16 Dec-17 Dec-18
CURRENT ASSETS
Cash 776,162.16 1,123,980.61 1,580,021.55
Total Current Asset 776,162.16 1,123,980.61 1,580,021.55
CURRENT LIABILITIES
SSS Payable 7,466.80 7,466.80 7,466.80
Philhealth Payable 700.00 700.00 700.00
HDMF Payable 800 800.00 800.00
Income Tax Payable 162,840.75 201,395.59 257,964.33
Total Liabilities 171,807.55 210,362.39 266,931.13
RUBBER STOOL
FINANCIAL RATIO ANALYSIS
2016-2020
2016 2017
Gross Profit Ratio
Gross Profit 1,570,630.03 1,698,636.37
Net Sales 4,711,890.08 5,095,909.12
0.3333333333 0.3333333333
Return on Sales
Net Income 346,036.60 427,965.62
Net Sales 4,711,890.08 5,095,909.12
0.07 0.08
Return on Asset
Net Income 346,036.60 427,965.62
Average total asset 787,844.16 961,104.38
0.4392196096 0.4452852644
Return on Equity
Net Income 346,036.60 427,965.62
Average Partner's 616,036.60 770,019.41
0.56 0.56
Current Ratio
Current Asset 776,162.16 1,123,980.61
Current Liabilities 171,807.55 382,169.94
4.52 2.94
ASSET UTILIZATION
Asset Turnover
Net Sales 4,711,890.08 5,095,909.12
Average Total Asse 787,844.16 961,104.38
5.9807387351 5.3021390835
Debt Ratio
Total Liabilities 171,807.55 210,362.39
Total Asset 787,844.16 1,134,364.61
0.22 0.19
Equity Ratio
Owners Capital 616,036.60 924,002.22
Total Asset 787,844.16 1,134,364.61
0.78 0.81
ME
2019 2020
6,109,923.81 6,760,426.43
4,073,282.54 4,506,950.96
2,036,641.27 2,253,475.48
639,576.00 639,576.00
53,298.00 53,298.00
27,680.40 27,680.40
4,200.00 4,200.00
4,800.00 4,800.00
1,298.00 1,298.00
1,649.62 1,732.10
14,533.27 14,969.27
39,338.17 40,518.32
6,556.36 6,753.05
26,225.45 27,012.21
157,352.69 162,073.27
108,500.88 109,323.40
(1,085,008.84) (1,093,234.02)
951,632.43 1,160,241.46
(304,522.38) (371,277.27)
647,110.05 788,964.19
WS
Dec-19 Dec-20
647,110.05 788,964.19
1,298.00 1,298.00
- -
- -
- -
46,558.05 66,754.89
694,966.10 857,017.09
- -
- -
180,000.00 210,000.00
514,966.10 647,017.09
1,580,021.55 2,094,987.65
2,094,987.65 2,742,004.73
SITION
Dec-19 Dec-20
2,094,987.65 2,742,004.73
2,094,987.65 2,742,004.73
12,980.00 12,980.00
5,192.00 6,490.00
7,788.00 6,490.00
7,788.00 6,490.00
2,102,775.65 2,748,494.73
7,466.80 7,466.80
700.00 700.00
800.00 800.00
304,522.38 371,277.27
313,489.18 380,244.07
1,322,176.42 1,789,286.47
647,110.05 788,964.19
180,000.00 210,000.00
1,789,286.47 2,368,250.67
2,102,775.65 2,748,494.73
TOTAL
360,000.00
346,036.60
90,000.00
616,036.60
427,965.62
120,000.00
924,002.22
548,174.20
150,000.00
1,322,176.42
647,110.05
180,000.00
1,789,286.47
788,964.19
210,000.00
2,368,250.67
uipment
Depreciation
Depreciation Expense Accum. Depreciation Carrying Amount
- - 12,980.00
1,298.00 1,298.00 11,682.00
1,298.00 2,596.00 10,384.00
1,298.00 3,894.00 9,086.00
1,298.00 5,192.00 7,788.00
1,298.00 6,490.00 6,490.00
RUBBER STOOL
SUPPLIES TABLE
FOR THE YEARS 2016-2020
Particulars Cost
Barangay Permit 300.00
Mayor's Permit 3,000.00
Business Permit 3,000.00
SEC Registration 5,500.00
Fire Clearance 400.00
Sanitary Permit 500.00
Business License Permit 300.00
Electricity Clearance 300.00
Total Legal Requirement Cost 13,300.00
RUBBER STOOL
Schedule of Payroll Projection
2016-2020
SSS
Employee BASIC PAY MONTHLY
ER EC
General Manager 5,000.00 368.30 10.00
Production/Operation Manager 5,000.00 368.30 10.00
Marketing/Finance Manager 5,000.00 368.30 10.00
Production staf 38,298.00 1,141.80 30.00
TOTAL 53,298 2,246.70 60.00
SCHEDULE OF UTILITIES
SSS PHILHEALTH
PAG-IBIG
EE ER EE
181.70 50 50 100
181.70 50 50 100
181.70 50 50 100
581.30 200 200 100
1,126.40 350 350 400
onTable.Com