Professional Documents
Culture Documents
Start-up Expenses
Start-up Assets
7
7
LEAFY JUICE
Capital Asset Acquisition
ASSETS
Non-Current Assets:
Store Equipment 8,616.67 6,736.67 6,736.67
Owner's Equity
Owner's Equity 72,096.25 64,713.20 152,825.67
2018 2019
64,713.20
110,608.87
175,322.07
22,496.40
152,825.67
FINANCIAL ASSUMPTIONS
1 The petty cash fund of P1,000 shall be under the custody of the general manager.
3 Taxes and Licenses shall be based on the tax rates obtained from the
Malolos City Hall.
5 Acquisitions to repalce the fully depreciated assets will be made after the year
when it is fully depreciated.
7 The provision for income tax shall be 30% of the Annual Net Income.
8 Sales mix for the 12 oz. cup to the 16 oz. cup is 3:1 respectively
I. ACTIVITY RATIOS:
V. RETURN ON INVESTMENT:
2018
2019
2020
2021
ROI
The higher the inventory turnover the better
Strong sales
I. ACTIVITY RATIOS:
Inventory Turnover - - - - -
Asset Turnover - - - - -
V. RETURN ON INVESTMENT:
Return on Investment 3 years and 8 months
#REF!
Notes to Financial Statements
Dec-31
TOTAL
Property and equipments are valued at cost less accumulated depreciation and any impairment in value. Aditions,
minor repairs and maintenance are charged to expense as incurred. When assets are retired or otherwise dispo
impairment loss are removed from the accounts and any resulting gain or loss is credited or charged to results of o
Provision for depreciation is computed using the straight-line method based on the estimated useful lives of
The owner periodically monitors the conditions of the store equipment as well as the depreciation method used a
lives to ensure that estimated adopted represent the actual situation.
Note 3 : Sales
This account consists of:
2018
Sales 479,910.00
TOTAL
11,000 6,000
2019 2020
1,900.00 1,900.00
1,000.00 1,000.00
100.00 100.00
600.00 600.00
100.00 100.00
150.00 150.00
900.00 900.00
2,000.00 2,000.00
750.00 750.00
900.00 900.00
1,000.00 1,000.00
9,400.00### 9,400.00
2,663.33 2,663.33
6,736.67 6,736.67 - - -
rment in value. Aditions, betterments and major replacements are capitalized while
etired or otherwise disposed off, the cost and accumulated depreciation and any
d or charged to results of operations for the year.
2019 2020
1,069,173.33 1,117,806.67
2019 2020
2,000 3,000
614,180 606,572
616,180 609,572
3,000 4,000
613,180 605,572
210,000 210,000
15,600 15,600
838,780 831,172
22,000 11,000
860,780 842,172
11,000 6,000
849,780 836,172
2019 2020
31,542.00### 31,542.00
6,000.00 ### 6,000.00
6,000.00 ### 6,000.00
17,500.00 17,500.00
2,200.00 2,420.00
3,760.00 5,640.00
13,200.00 14,520.00
36,000.00 36,000.00
1,500.00 1,500.00
2,000.00 2,500.00
119,702.00### 123,622.00
LEAFY JUICE
Payroll 2018
Minimum Wage
TOTAL 1,750.00
- 0.00
LEAFY JUICE
Payroll 2019
Minimum Wage
TOTAL 1,750.00
LEAFY JUICE
Payroll 2020
Minimum Wage
TOTAL 1,750.00
For the Year 2017
Name Position JAN FEB
Bondoc, Jiannne Salesman 3,500.00 3,500.00
De Guzman, Gio Andrei S. Salesman 3,500.00 3,500.00
De Jesus, Paul Salesman 3,500.00 3,500.00
Igual, Mark Jeezer C. Salesman 3,500.00 3,500.00
Santiago, Kenneth Joseph S. Salesman 3,500.00 3,500.00
TOTAL 17,500.00 17,500.00
SSS PHIC
No. of Days Total
ER EE TOTAL ER EE
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
17,500.00 2,628.50 1,271.50 3,900.00 500.00 500.00
- - - - - 17,500.00 17,500.00
SSS PHIC
No. of Days Total
ER EE TOTAL ER EE
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
17,500.00 2,628.50 1,271.50 3,900.00 500.00 500.00
SSS PHIC
No. of Days Total
ER EE TOTAL ER EE
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
10 3,500.00 525.70 254.30 780.00 100 100
17,500.00 2,628.50 1,271.50 3,900.00 500.00 500.00
3,628.50
w/ tax for 11 mos Tax due Amt to be paid
w/ tax for 11 mos Tax due Amt to be paid
w/ tax for 11 mos Tax due Amt to be paid
Note 6
SSS CONTRIBUTION
2017
POSITION Monthly Salary 2018 2019 2020
2017
POSITION Monthly Salary 2018 2019 2020
2017
POSITION Monthly Salary 2018 2019 2020
ADVERTISING EXPENSE
YEAR TOTAL
ASSUMPTIONS:
1. The Advertising Expense for the first year of operation shall be P30,000
and annual increase of 10% (except 2016)
Note 11
YEAR TOTAL
ASSUMPTIONS:
1. Light, Heat and Water for the first year of operation shall be P70,000
and will increase by 10% annually (except 2016)
Note 12
RENT EXPENSE
YEAR TOTAL
ASSUMPTIONS:
3,000.00
3,000.00
3,000.00
LEAFY JUICE
SALES SCHEDULE
For the Year 2018
No. of Cups Number of Cups Sales (12 oz.) Sales (16 oz.)
Week No.
Sold (12 oz.) Sold (16 oz.) 20PHP Each 25 PHP Each
Aug
21,533.33
20,796.67
22,156.67
21,760.00
19,550.00
20,456.67
20,740.00
22,496.67
22,950.00
21,420.00
21,476.67
21,986.67
23,630.00
22,666.67
22,553.33
20,796.67
21,816.67
22,100.00
19,380.00
23,233.33
23,403.33
23,006.67
479,910.00
-
LEAFY JUICE
SALES SCHEDULE
For the Year 2019
No. of Cups Number of Cups Sales (12 oz.) Sales (16 oz.)
Week No.
Sold (12 oz.) Sold (16 oz.) 20PHP Each 25 PHP Each
20,267
19,573
20,853
20,480
18,400
19,253
19,520
21,173
21,600
20,160
20,213
20,693
22,240
21,333
21,227
19,573
20,533
20,800
18,240
21,867
22,027
21,653
20,267
19,573
20,853
20,480
18,400
19,253
19,520
21,173
21,600
20,160
20,213
20,693
22,240
21,333
21,227
19,573
20,533
20,800
18,240
21,867
22,027
21,653
22,240
21,333
21,227
19,573
20,533
20,800
18,240
21,867
1,069,173
- -
-
LEAFY JUICE
SALES SCHEDULE
For the Year 2020
No. of Cups Number of Cups Sales (12 oz.) Sales (16 oz.)
Week No.
Sold (12 oz.) Sold (16 oz.) 20PHP Each 25 PHP Each
23,630
22,667
22,553
20,797
21,817
22,100
19,380
23,233
23,403
23,007
21,533
20,797
22,157
21,760
19,550
20,457
20,740
22,497
22,950
21,420
21,477
21,987
23,630
22,667
22,553
20,797
21,817
22,100
19,380
23,233
23,403
23,007
23,630
22,667
22,553
20,797
21,817
22,100
19,380
23,233
21,420
22,157
17,907
19,210
18,927
18,813
20,967
19,550
18,643
19,210
19,607
22,723
1,117,806.67