Professional Documents
Culture Documents
Submitted to:
Engr. Rica Jane Y. Kosca
Submitted by:
John Erick L. Isoy
Sheila May C. Espenida
Carl Von Venice R. Llamas
Mary Jane L. Jamero
Renalyn L. Linatoc
Fernan David M. Isolero
January 2015
1 | Page
G3 Business Sense
2 | Page
G3 Business Sense
3 | Page
G3 Business Sense
I.
4 | Page
G3 Business Sense
II. The Bussiness Management Team
a. The Organization
G3 Bussiness Sense
Renalyn Linatoc
Assistant Director
Assistant Director
Manufacturing
Marketing
Workers
Angelie Catingan
Gerome Dumbrige
Sales Persons
Vincent Saruda
Donnalyn Oliver
5 | Page
Assistants
Shirleen De Ocampo
Angelo Reyes
Workers
Alyssa Jane Par
Mervin Acosta
G3 Business Sense
The two Executive Directors are the head of G3 Partnership. They are the
major stock holder in company.
Assistant Director for Manufacturing is in charge with the manufacturing,
production and packaging of the products.
Assistant Director for Marketing is in charge with the marketing procedures
to be done, on what strategy will use to sell the products.
Assistant Director for Finance is in charge with the finance of the company.
All the in and out money flow will be supervised.
Assistant Director for Information and Communications is in charge with the
information dissemination inside and outside the company.
c. Management Compensation and Ownership
G3 Business Sense
A. Operating Cylce
A.1 Supplier
*DIY Beads
*Pot of Gems
*Chains and Beads
*Welmansson
*Crystals for U
A.2 Manpower and Schedule
*3 persons @ regular shift
*8:00 am to 12:00 pm / 3 days per week
*15 minutes break
A.3 Materials and Tools
A.4 Prize
7 | Page
G3 Business Sense
A.5 Pre-Production
8 | Page
G3 Business Sense
9 | Page
G3 Business Sense
10 | P a g e
G3 Business Sense
A. 7 Production Planning
11 | P a g e
G3 Business Sense
* MOQ Minimum Order Quantity
B. Geographical Location
12 | P a g e
G3 Business Sense
13 | P a g e
G3 Business Sense
14 | P a g e
G3 Business Sense
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 preregistered 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;
f. Written undertaking to comply with SEC reporting
requirements (notarized);
g. Written undertaking to change corporate name
(notarized).
The pre-registered Taxpayer Identification Number (TIN) is
automatically obtained from the SEC Head Office upon
registration. However, the company must still register with
the Bureau of Internal Revenue (BIR) in order to identify
applicable tax types, pay an annual registration fee, obtain
and stamp sales invoices, receipts and the books of accounts.
Cost: (PHP 2,066.14 filing fee equivalent to 1/5 of 1% of the
authorized capital stock or the subscription price of the
subscribed capital stock, whichever is higher but not less than
PHP 1,000 + PHP 19.26 legal research fee (LRF) equivalent to
15 | P a g e
G3 Business Sense
1% of filing fee but not less than PHP 10 + PHP 500 By-laws
+ PHP 150 for registration of stock and transfer book (STB)
required for new corporations + PHP 320 STB + PHP 10 legal
research fee for the By-laws)
After the taxpayer obtains the TIN, the company must pay the annual
registration fee of PHP 500 at any duly accredited bank, using payment
form BIR Form 0605).
All newly formed corporations subject to SEC registration are issued
pre-generated TIN by SEC-Head Office, which is indicated on their SEC
Certificate of Registration. The corporation only has to register its pregenerated TIN with the BIR and report all internal revenue taxes that it
expects to be liable for.
The requirements for application for COR with the BIR are:
a. Duly accomplished and filled-out BIR Form No. 1903 (Application for
Registration for Corporations);
b. Payment Form (BIR Form No. 0605);
c. SEC Certification of Incorporation;
d. Articles of Incorporation and By-laws;
e. Contract of Lease (with BIR Form No. 2000 and supporting BIR
Payment Form as proof of payment of documentary stamp tax on the
lease agreement);
f. Documentary Stamp Tax Return (BIR Form No. 2000) on the original
issuance of shares and Payment Form (for the DST payment); and
g. Mayors Permit/Business Permit Application (duly stamped received
by the Business Licensing Division of the local government of Quezon
City).
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.
16 | P a g e
G3 Business Sense
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.
17 | P a g e
G3 Business Sense
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
18 | P a g e
G3 Business Sense
7. Obtain the business permit to operate from the BPLO
Agency: Business Permits and Licensing Office
19 | P a g e
G3 Business Sense
20 | P a g e
G3 Business Sense
G3 Business Sense
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 (machineprinted);
d. Application for registration (BIR Form No. 1903); and
e. Proof of payment of annual registration fee (BIR Form No. 0605).
To register with the SSS, the company must submit the following
documents:
a. Employer registration form (Form R-1);
22 | P a g e
G3 Business Sense
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.
G3 Business Sense
e. Copy of business permit.
Upon submission of the required documents, the company shall get
the receiving copy of all the forms as proof of membership until
PhilHealth releases the employer and employee numbers within
three months.
G3 Business Sense
Upon submission of the complete documents and payment of the
first contribution to the fund, the Pag-IBIG will issue the HDMF
number and the HDMF Certificate of Registration.
13. Department of Labor and Employment (DOLE) for
businesses with five workers or more, register your business with
DOLE
25 | P a g e
G3 Business Sense
A. 2 Price
We are selling our product in low price. It can afford by
anyone particularly students. It has a discount when
you buy a lot of it.
PRICE
50 pesos / piece
540 pesos/dozen
RETAIL
WHOLE SALE
- P 500.00
DIRECT COST
- P 1,000.00
MARKED PERCENTAGE
- 25%
MARK-UP PRICING B
DC x (Mark % + O.A %)
Mark-up
Selling price
A.3 Place
We are planning to sell our product to the students
inside our campus, TUP-TAGUIG. We know that it will
become popular to our campus because it is a kind of
mobile phone accessory that will satisfy a students
wants.
26 | P a g e
G3 Business Sense
A. 4 Promotion
We are selling a customize censored accessory. G3
CENCORED will be represented in the design you want.
It can be a gift to anyone. Our product is not an
ordinary mobile phone accessory, it has a censored that
will function when somebody texted you.
G3 Business Sense
FUTURE
If we continue on providing this product for our target
market, as our business goes by and grow. We could anticipate
that we would be able to become successful and provide
additional innovations for the need of the market. And we,
ourselves would also be satisfied by being happy, providing highquality products that would make us successful.
5. Marketing Budget
FORECASTED SALES
80
70
60
50
Column1
40
30
20
10
0
First quarter
28 | P a g e
Second quarter
Third quarter
Forth quarter
G3 Business Sense
This table represents our sales in first to fourth quarter yearly. It
shows an increasing sales and we are hoping that it will goes by and
grow in the coming days, weeks , months or even years.
A. 1 TO WHOM AM I SELLING?
We will sell our product to the students inside our
campus or even to the faculty members. The type of business we
chose is not hard to sell because it is a new product that will
come up to our campus. But if we were giving a chance, we will
sell it to an ordinary person outside.
A. 2 HOW DO WE SELL IT?
We were using a direct selling to sell our product. It
will be easy for us to convince them to buy our product. We also
use social media cite, like facebook for it to see by others.
29 | P a g e
ST
QUARTER
P50.00
P100.00
P150.00
ND
QUARTER
P100.00
P180.00
50.00
P330.00
P100.00
TOTAL
EXPENSES
FOR 2014
1200.00
2500.00
1500.00
3000.00
P380
10550.00
RD
QUARTER
P100.00
P180.00
G3 Business Sense
SAMPLE SALES FORECAST WORKSHEET
ITEMS
Price
of
item(s
)/
Pcs.
P10.00
Cookies
Items
to be
sold:
1st
Quarte
r
40
Total
sales
for 1st
Quarte
r
P400.0
0
Items
to be
sold:
2nd
Quart
er
50
Total
sales
for 2nd
Quarte
r
P500.0
0
Items
to be
sold:
3rd
Quart
er
80
Total
sales
V.
Financial Statement
G3 Business Sense
Financial Statement
For the 1st Quarter 2014
1. Source of Stocks
2. INCOME SALES
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses:
30 | P a g e
22,500 Php
13,500 Php
3,000 Php
Total
sales
for 3nd
Quarte
r
Total
sales
for
2014
P800.0
0
P170
0
G3 Business Sense
A. Salaries Expense
B. Supplies Expense
1.
Bond Papers
2.
Photo Paper
3.
Thumb tacks/Paper
Pins
4.
Glue Sticks
C. Utilities Expense
1.
Variety of Beads
2.
Battery
3.
Nylon/ Crochets
Thread
4.
LED/ Sensor
5.
Long Nose Pliers
6.
Cutting Pliers
7.
Printer
D. Insurance Expense
E. Depreciation- Equipments
F. Miscellaneous Expense
3,600 Php
300 Php
900 Php
2400 Php
90 Php
673 Php
300 Php
150 Php
5,000 Php
300 Php
60 Php
100 Php
13,873 Php
Assets:
A. Cash
B. Accounts Receivable
C. Inventory
1. Beads
2. Threads
3. LED
4. Battery
5. Supplies
Total:
D. Stall
Total Assets:
31 | P a g e
5,000 Php
800 Php
4,363 Php
1,000 Php
11,436 Php
G3 Business Sense
Liabilities:
A. Accounts Payable
B. Notes Payable
C. Accrued Taxes/ Permits
D. Unearned Revenue
Total Liabilities:
Stockholders Equity:
A. Common Stock
B. Retailed Earnings
Total Equity:
1,000 Php
500 Php
600 Php
500 Php
2,600 Php
22,500 Php
500 Php
8,836Php
5,000 Php
22,500 Php
500 Php
500 Php
23,500 Php
900 Php
600 Php
400 Php
4,363 Php
6,263 Php
-1,263 Php
G3 Business Sense
Financial Statement
For the 2nd Quarter 2014
5. Source of Stocks
6. INCOME SALES
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses:
32 | P a g e
22,500 Php
13,500 Php
3,000 Php
G3 Business Sense
G. Salaries Expense
H. Supplies Expense
5.
Bond Papers
6.
Photo Paper
7.
Thumb tacks/Paper
Pins
8.
Glue Sticks
I. Utilities Expense
8.
Variety of Beads
9.
Battery
10.
Nylon/ Crochets
Thread
11.
LED/ Sensor
12.
Long Nose Pliers
13.
Cutting Pliers
14.
Printer
J. Insurance Expense
K. Depreciation- Equipments
L. Miscellaneous Expense
3,600 Php
300 Php
900 Php
2400 Php
90 Php
673 Php
300 Php
150 Php
5,000 Php
300 Php
60 Php
100 Php
13,873 Php
33 | P a g e
G3 Business Sense
Assets:
E. Cash
F. Accounts Receivable
G. Inventory
1. Beads
2. Threads
3. LED
4. Battery
5. Supplies
Total:
H. Stall
Total Assets:
Liabilities:
E. Accounts Payable
F. Notes Payable
G. Accrued Taxes/ Permits
H. Unearned Revenue
Total Liabilities:
Stockholders Equity:
C. Common Stock
D. Retailed Earnings
Total Equity:
5,000 Php
800 Php
4,363 Php
1,000 Php
11,436 Php
1,000 Php
500 Php
600 Php
500 Php
2,600 Php
22,500 Php
500 Php
8,836Php
34 | P a g e
5,000 Php
22,500 Php
500 Php
500 Php
23,500 Php
900 Php
600 Php
400 Php
4,363 Php
6,263 Php
-1,263 Php
G3 Business Sense
G3 Business Sense
Financial Statement
For the 3rd Quarter 2014
9. Source of Stocks
10. INCOME SALES
Sales
50 Php * 450 (pcs.)
Cost of Goods Sold
30 Php * 450 (pcs.)
Gross Profit
Operating Expenses:
M. Salaries Expense
300 Php * 4 Employees
N. Supplies Expense
300 Php
9.
Bond Papers
10.
Photo Paper
11.
Thumb tacks/Paper
Pins
12.
Glue Sticks
300 Php * 3 Months
O. Utilities Expense
10 Php/2 piece * 8 pairs
15.
Variety of Beads
16.
Battery
45 Php * 1 roll
17.
Nylon/ Crochets
28 Php/20 pcs. * 8 (packs)
Thread
75 Php * 4 (pcs.)
18.
LED/ Sensor
75 Php * 2 (pcs.)
19.
Long Nose Pliers
5,000 Php (1 piece)
20.
Cutting Pliers
300 Php
21.
Printer
60 Php
P. Insurance Expense
100 Php
Q. Depreciation- Equipments
R. Miscellaneous Expense
22,500 Php
13,500 Php
3,000 Php
3,600 Php
300 Php
900 Php
2400 Php
90 Php
673 Php
300 Php
150 Php
5,000 Php
300 Php
60 Php
100 Php
13,873 Php
35 | P a g e
G3 Business Sense
11. BALANCE SHEET STATEMENT
Assets:
I. Cash
J. Accounts Receivable
K. Inventory
1. Beads
2. Threads
3. LED
4. Battery
5. Supplies
Total:
L. Stall
Total Assets:
Liabilities:
I. Accounts Payable
J. Notes Payable
K. Accrued Taxes/ Permits
L. Unearned Revenue
Total Liabilities:
Stockholders Equity:
E. Common Stock
F. Retailed Earnings
Total Equity:
5,000 Php
800 Php
4,363 Php
1,000 Php
11,436 Php
1,000 Php
500 Php
600 Php
500 Php
2,600 Php
22,500 Php
500 Php
8,836Php
5,000 Php
22,500 Php
500 Php
500 Php
23,500 Php
900 Php
600 Php
400 Php
4,363 Php
6,263 Php
-1,263 Php
G3 Business Sense
G3 Business Sense
Financial Statement
For the 4th Quarter 2014
13. Source of Stocks
14. INCOME SALES
Sales
50 Php * 450 (pcs.)
Cost of Goods Sold
30 Php * 450 (pcs.)
Gross Profit
Operating Expenses:
S. Salaries Expense
300 Php * 4 Employees
T. Supplies Expense
300 Php
13.
Bond Papers
14.
Photo Paper
15.
Thumb tacks/Paper
Pins
16.
Glue Sticks
300 Php * 3 Months
U. Utilities Expense
10 Php/2 piece * 8 pairs
22.
Variety of Beads
23.
Battery
45 Php * 1 roll
24.
Nylon/ Crochets
28 Php/20 pcs. * 8 (packs)
Thread
75 Php * 4 (pcs.)
25.
LED/ Sensor
75 Php * 2 (pcs.)
26.
Long Nose Pliers
5,000 Php (1 piece)
27.
Cutting Pliers
300 Php
28.
Printer
60 Php
V. Insurance Expense
100 Php
W. Depreciation- Equipments
X. Miscellaneous Expense
22,500 Php
13,500 Php
3,000 Php
3,600 Php
300 Php
900 Php
2400 Php
90 Php
673 Php
300 Php
150 Php
5,000 Php
300 Php
60 Php
100 Php
13,873 Php
37 | P a g e
G3 Business Sense
Assets:
M. Cash
N. Accounts Receivable
O. Inventory
1. Beads
2. Threads
3. LED
4. Battery
5. Supplies
Total:
P. Stall
Total Assets:
Liabilities:
M. Accounts Payable
N. Notes Payable
O. Accrued Taxes/ Permits
P. Unearned Revenue
Total Liabilities:
Stockholders Equity:
G. Common Stock
H. Retailed Earnings
Total Equity:
5,000 Php
800 Php
4,363 Php
1,000 Php
11,436 Php
1,000 Php
500 Php
600 Php
500 Php
2,600 Php
22,500 Php
500 Php
8,836Php
5,000 Php
22,500 Php
500 Php
500 Php
23,500 Php
900 Php
600 Php
400 Php
G3 Business Sense
H. Equipment Purchase
Total Cash Outflow:
Ending Cash Balance
4,363 Php
6,263 Php
-1,263 Php
39 | P a g e
G3 Business Sense
40 | P a g e