MBA STORE: TIENDA LUISYANO

Statement of Financial Performance

for the period ending May 31, 2019

Sales ₱ 260,000.00
Less: Cost of sales (80% of sales) 208,000.00
Gross profit 52,000.00
Less: Operating expenses 8,000.00
Net Income ₱ 44,000.00

The proponents agreed that they need to sell at least P5,000.00 each month until May 31, 2019 to achieve the target sale of P2
Since they are engaged in retailing, it was further decided that they should include 20% gross profit in the selling price.

MBA STORE: TIENDA LUISYANO

Statement of Changes in Equity
as of May 31, 2019

Capital, beginning ₱ 26,000.00

Add: Additional investment 39,000.00
Net Income 44,000.00
Capital, ending ₱ 109,000.00

At the beginning of the semester, the proponents resolved that they will contribute P2,000.00 each. After the first week of ope
their capital contribution by P3,000.00 because of the increasing demand on their products. The additional investment will be

MBA STORE: TIENDA LUISYANO

Statement of Cash Flows
as of May 31, 2019

Cash flow from operating activities

Sale of goods ₱ 260,000.00
Cost of goods sold ( 208,000.00)
Operating expenses ( 8,000.00)
Cash inflow from operating activities ₱ 44,000.00

Cash flow from financing activities

Initial investment (P2,000.00 x 13) ₱ 26,000.00
Additional investment (P3,000.00 x 13) 39,000.00
 Cash inflow from financing activities ₱ 65,000.00

Cash flow from investing activities -

Net cash inflow ₱ 109,000.00

Cash balance, beginning -
Cash balance, ending ₱ 109,000.00

MBA STORE: TIENDA LUISYANO

Statement of Financial Position
as of May 31, 2019

Assets
Cash ₱ 109,000.00
Total Assets ₱ 109,000.00

Liabilities and Equity

Liabilities -
Equity ₱ 109,000.00
Total Liabilities and Equity ₱ 109,000.00

It is the proponents' objective that at the end of the semester, all receivables are collected and all payables are settled.
o achieve the target sale of P260,000.00 at the end of the semester.
fit in the selling price.

ch. After the first week of operation, they decided that they need to increase
additional investment will be used to buy additional inventory to meet the needs of our clients.
l payables are settled.
FINANCIAL PLAN

The proponents decided to contribute P5,000.00 as their initial investment. This amount will be used in procuring