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QUALITY SERVICE IS WHAT

WE SELL. QUALITY SERVICE


IS WHAT QUALITY SERVICE
IS WHAT WE SELL.SELL.

YOUR
CHOIC
E

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.

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

II.

THE BUSINESS AND ITS MANAGEMENT TEAM

THE ORGANIZATION
The figure below shows the companys 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
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Manager and the Marketing Department is composed of Marketing Manager, Purchase


and Procurement Personnel and Store Personnel.

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.

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.

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
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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
dont need already. This will help us to gather more equipment to be sell by the others who needs
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.

1,000.00

20,000.00

Amplifiers

20pcs.

1,500.00

30,000.00

VOM

10pcs.

500.00

5,000.00

Books

20pcs.

400.00

8,000.00

Breadboard

30pcs.

80.00

1,600.00

TOTAL:

64,600.00

Selling Price:
Items

Quantity

Power Supply

20pcs.

Amplifiers

20pcs.

Price

Purchase Amount

1,500.00

30,000.00

2,000.00

40,000.00
10

VOM

10pcs.

650.00

6,500.00

Books

20pcs.

600.00

12,000.00

Breadboard

30pcs.

100.00

2,000.00

TOTAL:

90,500.00

Site

11

Store

12

Floor Plan

Location
13

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A. Regulatory and Legal Issue


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); and
e. 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; and
d. 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; and
e. 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; and
e. Board Resolution or Secretarys 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
What am I selling?(your product benefits message)

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Four PS of Marketing
Product
We will introduce two types of kits in the first year. Also, we will offer second books and
tools, such as, VOMs, 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. Thats 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 DIRECT COST

P 26,100.00

OVERHEAD PERCENTAGE -

- P 140,000.00 MARGIN PERCENTAGE -

MARKED PERCENTAGE-

20 %

20%

25%

MARK UP PRICING B
DC X (Mark % + O.A %) = Mark up
P 140, 000.00(0.25 + 0.20) = P 63 ,000.00
Mark up + total cost
= selling price
P 63 ,000.00 + P 166, 100.00 =P 229, 100.00

Promotion

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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
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 FS
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.

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Feelings
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. Thats 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 dont 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.
Were 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.

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What are desired results?


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

Amplifie
r
Power
supply
VOM
Bread
board
Books
Total
sales

price
per
kit pcs.
2500.00

Kits to
be sold:
1st
Quarter
90

Total
sales for
1st
Quarter
225K

Kits to
be sold:
2nd
Quarter
95

Total
sales for
2nd
Quarter
237.5 K

Kits to
be sold:
3rd
Quarter
100

Total
sales for
3nd
Quarter
250K

Total for
2014

1500.00

90

135 K

95

142.5 K

100

150 K

427.5 K

650.00
100.00

90
100

58.5 K
10 K

95
105

61.75K
10.5 K

100
110

65 K
11K

185.25 K
31.5 K

450.00

90
460

40.5 K
482. 5
K

95
485

42.75
495K

100
510

45K
521K

128.25 K
1.485 M

712.5 K

How much it will cost?(Marketing Budget)

MARKETING BUDGET WORKSHEET

FLYERS
MEDIA
ADVERTISING
BROCHURES
BROADSHEET
PROMOTIONAL
ITEMS
TOTAL COST

1ST QUARTER

2ND QUARTER

3RD QUARTER

200.00

200.00

300.00

TOTAL FOR
2014
700.00

300.00

300.00

600.00

1, 000.00

200.00

200.00

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V.

FINACIAL PLAN

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 QUARTER

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Sales

Amplifier Kits
Power Supply Kits
Breadboards
VOMs
Books
Total Sale
Cost of Goods Sold
Amplifier Kits
Power Supply Kits
Breadboards
VOMs
Books
Total Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries
Rent
Utilities

P 225, 000.00
135, 000.00
10, 000.00
58, 500.00
54, 000.00

P 482, 500.00

Miscellaneous
Flyers
Total Operating Expense
Net Income

P 135, 000.00
90, 000.00
8, 000.00
40, 500.00
36, 000.00

( 309, 500.00)

173, 000.00

25

P106, 500.00
----------

6 ,000.00

P 2,000.00

3,000.00

1,500.00

2,000.00

2,000.00
200. 00
(117, 500)
(5,700.00)

P 55, 500.00
P( 5, 700.00)

* 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,
VOMs 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 QUARTER

26

Sales

Amplifier Kits
Power Supply Kits
Breadboards
VOMs
Books
Total Sale
Cost of Goods Sold
Amplifier Kits
Power Supply Kits
Breadboards
VOMs
Books
Total Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries
Rent
Utilities

P 225, 000.00

P 200, 000.00

127, 500.00

135, 000.00

11, 000.00

9, 500.00

61, 750.00

65, 000.00

57, 500.00

48, 000.00

P 539, 750.00

P 457, 500.00

P 135, 000.00

P 120, 000.00

85, 000.00

90, 000.00

8, 800.00

7, 600.00

47, 500.00

45, 000.00

27, 500.00

32, 000.00

Miscellaneous

Total Opertaing Expense


Net Income

( 303, 800)

( 294, 600.00)

235, 950.00

162, 900.00

27

P106, 500.00

P106, 500.00

6 ,000.00

6 ,000.00

2, 000.00

2, 500.00

3, 000.00

3, 500.00

(117, 500)

(118, 500)

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 VOMs, 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 VOMs, 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
Current Assets:
Cash
Accounts Receivable
Office Supplies
Prepaid Rent
Total Current Assets

P 166, 800.00
2, 000.00
2, 000.00
P 172, 800.00

LIABILITIES AND EQUITY


Liabilities:
Accounts Payable
P 10, 000.00
Utilities Payable
3, 050.00
Unearned Revenue
75, 000.00
Interest Payable
3, 000.00
Notes Payable
8, 000.00
28

Non-Current Assets:
Equipment
Accumulated Depreciation
Net Non-Current Assets
Total Assets

P 2, 000.00
50.00
2, 050.00
P 174, 850.00

Total Liabilities
Common Stock
Retained Earnings
Total Liabilities and
Equity

P 99, 000.00
P 56,000.00
20, 000.00
P 76, 400.00
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.
Company YOUR CHOICE
Balance Sheet
As on the First Quarter

ASSETS
Current Assets:
Cash
P 171, 800.00
Accounts Receivable
5, 000.00
Office Supplies
1, 000.00
Prepaid Rent
2, 000.00
Total Current Assets
P 179, 800.00
Non-Current Assets:
Equipment
P 1, 950.00
Accumulated Depreciation
50.00
Net Non-Current Assets
2, 000.00

LIABILITIES AND EQUITY


Liabilities:
Accounts Payable
P 30, 000.00
Utilities Payable
5, 000.00
Unearned Revenue
85, 000.00
Interest Payable
2, 000.00
Notes Payable
10,000.00
Total Liabilities
P 132, 000.00
Common Stock
P 45, 800.00
Retained Earnings
4, 000.00
49, 800.00
Total Liabilities and
Total Assets
P 181, 800.00
P 181, 800.00
Equity
The current cash is P 171, 800.00 as it is the ending cash balance in the statement of cash
flows for the beginning.

Company YOUR CHOICE


Balance Sheet
As on the Second Quarter
ASSETS
Current Assets:
Cash
Accounts Receivable
Office Supplies
Prepaid Rent

P 252, 300.00
1, 000.00
500.00
2, 000.00

LIABILITIES AND EQUITY


Liabilities:
Accounts Payable
Utilities Payable
Unearned Revenue
Interest Payable

P 90, 000.00
10, 000.00
95, 000.00
2, 000.00
29

Total Current Assets


P 255, 800.00
Notes Payable
5, 000.00
Non-Current Assets:
Total Liabilities
P 202, 000.00
Equipment
P 1, 900.00
Common Stock
P 50, 750.00
Accumulated Depreciation
50.00
Retained Earnings
5, 000.00
Net Non-Current Assets
1, 950.00
55, 750.00
Total 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.

Company YOUR CHOICE


Balance Sheet
As on the Third Quarter
ASSETS
Current Assets:
Cash
Accounts Receivable
Office Supplies
Prepaid Rent
Total Current Assets
Non-Current Assets:
Equipment
Accumulated Depreciation
Net Non-Current Assets
Total Assets

P 370, 750.00
500.00
300.00
2, 000.00
P 367, 950.00
P 1, 850.00
50.00
1, 900.00
P 369, 850.00

LIABILITIES AND EQUITY


Liabilities:
Accounts Payable
P 100, 000.00
Utilities Payable
5, 000.00
Unearned Revenue
175, 000.00
Interest Payable
2, 000.00
Notes Payable
2, 000.00
Total Liabilities
P 284, 000.00
Common Stock
P 55, 850.00
Retained Earnings
30, 000.00
85, 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, 000.00

Cash Inflow:
Cash Collections
Credit Collections
Investment Income
Total Cash Inflow:

3,000.00
2, 000.00
-------------P 455, 000.00
30

Cash Outflow:
P 275, 500.00

Expenses
Others
Equipment purchase

5, 700.00
2, 000.00
P 283, 200.00
P 171, 800.00

Total Cash Outflow:


Ending Cash Balance

Company YOUR CHOICE


Cash Flow Statement
For the end of First Quarter
Beginning Cash Balance:

P 171, 800.00

Cash Inflow:
482, 500.00

Cash Collections
Credit Collections
Investment Income
Total Cash Inflow:

5, 000.00
20, 000.00
P 679, 300.00

Cash Outflow:
P 309, 500.00

Expenses
Others
Equipment purchase

117, 500.00
___________
P 427, 000.00
P 252, 300.00

Total Cash Outflow:


Ending Cash Balance
Company YOUR CHOICE
Cash Flow Statement
For the end of Second Quarter
Beginning Cash Balance:
Cash Inflow:

P 252, 300.00

31

539, 750.00

Cash Collections
Credit Collections
Investment Income
Total Cash Inflow:

___________
P 792, 050.00

Cash Outflow:
P 303, 800.00

Expenses
Others
Equipment purchase

117, 500.00
___________
P 421, 300.00
P 370, 750.00

Total Cash Outflow:


Ending Cash Balance
Company YOUR CHOICE
Cash Flow Statement
For the end of Third Quarter
Beginning Cash Balance:

P 370, 750.00

Cash Inflow:
Cash Collections
Credit Collections
Investment Income
Total Cash Inflow:

457, 500.00
1, 000.00
___________
P 829, 250.00

Cash Outflow:
Expenses
Others
Equipment purchase
Total Cash Outflow:
Ending Cash Balance

VI.

P 294, 600.00
118, 500.00
___________
P 413, 100.00
P 416, 150.00

SUMMARY and CONCLUSION

32

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 COMPANYs 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.

33