Schedule 5.

1 Projected Balance Sheet

PHACK Ltd.
Projected Balance Sheet
December 31,
Note 2018 2019 2020
Assets
Current Assets
Cash 1 3,658,585.79 6,387,467.06 6,995,733.04
Supplies 2 766.47 781.79 797.43
Raw Materials Inventory, end 3 244.17 251.78 328.78
Total Current Assets 3,659,596.43 6,388,500.64 6,996,859.25
Non-Current Assets
Property, Plant& Equipment 4 103,151.00 77,363.25 51,575.50
Furniture & Fixtures 5 33,252.13 24,939.10 16,626.06
Total Non- current assets 136,403.13 102,302.35 68,201.56
Total Assets 3,795,999.56 6,490,802.98 7,065,060.82
Liabilities & Partners Equity
Current Liabilities
Trade Payable 6 126,216.72 128,732.84 131,309.80
Vat Payable 7 249,945.58 282,090.20 297,265.18
Payroll Taxes Payable 8 3,977.40 3,808.00 3,970.60
Income Tax Payable 9 163,198.05 199,881.36 249,704.60
Total Current Liabilities 543,337.74 614,512.40 682,250.18
Partners Capital, Ending 3,375,973.94 6,041,058.80 6,559,317.40
Total Liabilities & Partners Equity 3,919,311.68 6,655,571.20 7,241,567.57

Schedule 5.1 shows the projected balance sheet will reflect the financial position of the com
period of five years. This statement shows the summary of what the company owns (Assets)
company owes to outsiders (Liabilities) and internal owners (Partners Equity).The detail
the balance sheet are shown in appendix.

Schedule 5.2 Projected Income Statement

PHACK Ltd.
Projected Income Statement
For the year ended, December 31,
Note 2018 2019 2020
Sales 1 7,692,857.14 8,631,294.64 9,680,589.29
Less: Cost of Goods Sold 2 4,070,849.27 4,127,137.64 4,209,263.78
Gross Profit 3,622,007.87 4,504,157.00 5,471,325.51
Less: Operating Expenses 3 513,473.68 696,892.91 715,047.47
Net Income Before Tax 3,108,534.19 3,807,264.09 4,756,278.03
Less: Provision For Income Tax 4 932,560.26 1,142,179.23 1,426,883.41
Net Income After Tax 2,175,973.94 2,665,084.86 3,329,394.62
Schedule 5.2 illustrates an increasing net income for the five years of operation in peso. The
schedule for the income statement is detailed in the following pages.

Schedule 5.3 Projected Statement of Cash Flows

PHACK Ltd.
Projected Statement Cash Flows
For the year ended, December 31,
2018 2019 2020 2021
Cash from operating activities
Net Income 2,175,973.94 2,665,084.86 3,329,394.62 4,050,932.81
Add: Depreciation 34,100.78 34,100.78 34,100.78 34,100.78
Total Cash from operations 2,210,074.72 2,699,185.65 3,363,495.41 4,085,033.60
Decrease (Increase) in current ass (1,240.02) 0.89 (58.40) (102.95)
Increase (Decrease) in current liabili 397,774.96 29,694.73 55,848.20 (8,015.44)
Net Cash flow from operating activit 2,609,089.70 2,728,881.27 3,419,402.00 4,077,121.11
Cash from investing activities
Acquisition of Assets (170,503.91) - -
Net cash flow from investing activiti (170,503.91) - - -
Cash from financing activities
Partners Capital Contribution 1,200,000.00 - - -
Partners drawing - - (2,811,136.03) (3,183,075.06)
Net cash flow from financing activiti 1,200,000.00 - (2,811,136.03) (3,183,075.06)
Net increase in cash 3,638,585.79 2,728,881.27 608,265.98 894,046.04
Cash at the beginning of the year - 3,638,585.79 6,367,467.06 6,975,733.04
Ending cash Balances 3,638,585.79 6,367,467.06 6,975,733.04 7,869,779.08
Schedule 5.3 shows the projected cash flow for the purpose business for a period of five yea
using the indirect method of cash flow presentation. The company can expect a gradual
increase in its cash balance stating the first year of operation although it will be necessary
for the company to control the viability of cash to avoid having to much cash balance.

Schedule 5.4 Projected Statement of changes in Partners Equity

PHACK Ltd.
Projected Statement of changes in Partners Equity
For the year ended, December 31,
Beginning Capital 2018 2019 2020 2021
Total beginning capital 1,200,000.00 3,375,973.94 6,041,058.80 6,559,317.40
Add: Net Income 2,175,973.94 2,665,084.86 3,329,394.62 4,050,932.81
Total Capital 3,375,973.94 6,041,058.80 9,370,453.42 10,610,250.21
Total Partners withdrawals - - 2,811,136.03 3,183,075.06
Total Partners Equity, December 3,375,973.94 6,041,058.80 6,559,317.40 7,427,175.15
Schedule 5.4 illustrates the effective and efficient utilization of the partners contribution
which was showed by the net income and withdrawals of the partners.

Projected Balance Sheet - Notes to Financial Statements

Note 1: Cash
2018 2019 2020 2021
Cash in Bank 3,638,585.79 6,367,467.06 6,975,733.04 7,869,779.08
Petty Cash Fund 20,000.00 20,000.00 20,000.00 20,000.00
Total Cash 3,658,585.79 6,387,467.06 6,995,733.04 7,889,779.08

Note 2: Supplies (Unused)

2018 2019 2020 2021
Office Supplies 271.66 277.09 282.63 288.29
Cleaning & Safety Supplies 494.81 504.70 514.80 525.09
Total Supplies Unused 766.47 781.79 797.43 813.38

Note 3: Raw Materials Inventory, end

2018 2019 2020 2021
Raw Materials 244.17 251.78 328.78 311.66
Total Raw Materials Inventory,
244.17 251.78 328.78 311.66
end

Note 4: Property, Plant & Equipment (Net)

2018 2019 2020 2021

Property & Equipment 99,261.14 99,261.14 99,261.14 99,261.14
Accumulated Depreciation 18,029.15 36,058.30 54,087.45 72,116.60
Carrying Amount 81,231.99 63,202.84 45,173.69 27,144.54

Note 5: Furniture & Fixtures (Net)

2018 2019 2020 2021

Furniture & Fixtures 41,565.16 41,565.16 41,565.16 41,565.16
Accumulated Depreciation 8,313.03 16,626.06 24,939.10 33,252.13
Carrying Amount 33,252.13 24,939.10 16,626.06 8,313.03

12 Months
Note 6: Trade Payable
2018 2019 2020 2021
Direct Materials 3,642,021.50 3,714,615.60 3,788,977.10 3,864,659.54
Indirect Materials 144,480.00 147,369.60 150,316.99 153,323.33
Total 3,786,501.50 3,861,985.20 3,939,294.09 4,017,982.87

Divide By: 12 Months 12 Months 12 Months 12 Months

Monthly Purchases 315,541.79 321,832.10 328,274.51 334,831.91

Multiply By: 40% 40% 40% 40%
Total Trade Payable 126,216.72 128,732.84 131,309.80 133,932.76

Note 7: VAT Payable

2018 2019 2020 2021
Total Output Vat 445,817.14 464,270.57 483,095.57 502,292.14
Purchases of Capital Assets 14,614.62
Purchases of Raw Materials 177,285.43 180,776.63 184,398.57 188,091.12
Purchases of Supplies 3,971.51 1,403.75 1,431.82 1,460.46
Total Input Vat 195,871.56 182,180.38 185,830.39 189,551.58
Vat Payable 249,945.58 282,090.20 297,265.18 312,740.57
Note 5: Vat Payable

Note 8: Contribution Payable

2018 2019 2020 2021
SSS,Philhealth,Pagibig 3,977.40 3,808.00 3,970.60 3,768.00
Contribution Payable 3,977.40 3,808.00 3,970.60 3,768.00

Note 9: Income Tax Payable

2018 2019 2020 2021

Net Income before Tax 2,175,973.94 2,665,084.86 3,329,394.62 4,050,932.81

Multiply by: 30% 30% 30% 30%
Annual Income tax 652,792.18 799,525.46 998,818.39 1,215,279.84
Divided by: 4 quarters 4 quarters 4 quarters 4 quarters
Income tax payable 163,198.05 199,881.36 249,704.60 303,819.96

Projected Income Statement - Notes to Financial Statement

Note 1: Sales
2018 2019 2020 2021

Selling price 250.00 255.00 260.00 265.00

Total number of units sold 34,464.00 37,910.00 41,701.00 45,701.00

Sales, VAT inclusive 8,616,000.00 9,667,050.00 10,842,260.00 12,110,765.00

Divided by 1.12 1.12 1.12 1.12

Total Sales, VAT exclusive 7,692,857.14 8,631,294.64 9,680,589.29 10,813,183.04

Note 2: Cost of Goods Sold

2018 2019 2020 2021
Beginning raw materials - 244.17 251.78 328.78
Net Purchase 3,642,021.50 3,714,615.60 3,788,977.10 3,864,659.54

Raw materials available for use 3,642,021.50 3,714,859.77 3,789,228.88 3,864,988.32

Less: ending raw materials 244.17 251.78 328.78 311.66

Raw materials used 3,641,777.33 3,714,607.99 3,788,900.10 3,864,676.66
Direct Labor 141,960.00 144,799.20 147,695.18 150,649.09
Factory Overhead 287,111.94 267,730.45 272,668.50 277,705.30
Packaging 144,480.00 147,369.60 150,316.99 153,323.33
Utilities - Production 32,736.00 33,390.72 34,058.53 34,739.71
Rental Expense - Production 48,000.00 48,960.00 49,939.20 50,937.98
Production Supplies 27,103.39 2,938.29 2,997.06 3,057.00
Depreciation - Equipment 20,828.15 20,828.15 20,828.15 20,828.15
Employee Benefit - Production 13,964.40 14,243.69 14,528.56 14,819.13
Total manufacturing cost 4,070,849.27 4,127,137.64 4,209,263.78 4,293,031.05
Beginning, goods in process - - - -
Total cost of goods in process 4,070,849.27 4,127,137.64 4,209,263.78 4,293,031.05
Less: ending goods in process - - - -
Cost of goods manufactured 4,070,849.27 4,127,137.64 4,209,263.78 4,293,031.05
Beginning finished goods - - - -
Goods Available for Sale 4,070,849.27 4,127,137.64 4,209,263.78 4,293,031.05
Less: ending finished goods - - - -
Total cost of goods sold 4,070,849.27 4,127,137.64 4,209,263.78 4,293,031.05

Note 3: Operating Expenses

General & Administrative 2018 2019 2020 2021
Salaries & 13th Month Pay 265,980.00 271,299.60 276,725.59 282,260.10
Rent 36,000.00 36,720.00 37,454.40 38,203.49
Depreciation 13,272.63 13,272.63 13,272.63 13,272.63
Utilities 25,430.40 25,939.01 26,457.79 26,986.94
Fees, Taxes and licenses 8,105.00 193,862.14 201,551.07 209,394.82
Office supplies 3,531.55 3,602.18 3,674.22 3,747.71
Employee Benefits 24,721.80 13,136.40 14,169.60 14,762.40
Total General & Administrative
377,041.38 557,831.96 573,305.31 588,628.10
Expense
Selling & Marketing 2018 2019 2020 2021
Salaries & 13th Month Pay 70,980.00 72,399.60 73,847.59 75,324.54
Cleaning/safety supplies 6,432.50 6,561.15 6,692.37 6,826.22
Rent 24,480.00 24,969.60 25,468.99
Employee Benefits 6,982.20 7,121.84 7,264.28 7,409.57
Utilities 23,037.60 23,498.35 23,968.32 24,447.69
Advertising & Promotion 5,000.00 5,000.00 5,000.00 5,000.00
Total Selling & Marketing
136,432.30 139,060.95 141,742.16 144,477.01
Expense
Total Operating Expenses 513,473.68 696,892.91 715,047.47 733,105.11

Note 4: Income Tax

2018 2019 2020 2021
Net Income before tax 3,108,534.19 3,807,264.09 4,756,278.03 5,787,046.88
Multiply by 30% 30% 30% 30%
Income Tax 932,560.26 1,142,179.23 1,426,883.41 1,736,114.06

Financial Analysis
Financial Statement analysis involves careful selection or data from
Schedule 5.5 ACID Test Ratio
 2018 2019 2020 2021
Quick Assets:
Cash 3,658,585.79 6,387,467.06 6,995,733.04 7,889,779.08
Accounts Receivable - - - -
Marketable Securities - - - -
Total quick assets 3,658,585.79 6,387,467.06 6,995,733.04 7,889,779.08
Divide by: current liabilities 543,337.74 614,512.40 682,250.18 754,261.29
Total 6.73 7.15 6.00 5.90
Schedule 5.5 it measures the ability of a company to use its near c
Schedule 5.6 Current Ratio
2018 2019 2020 2021
Current Assets 3,659,596.43 6,388,500.64 6,996,859.25 7,890,904.13
Divide by: Current liabilities 543,337.74 614,512.40 682,250.18 754,261.29
6.74 10.40 10.26 10.46
Schedule 5.6 this ratio pertains to liquidity for the company pay its current obligations.

Schedule 5.7 Working Capital

2018 2019 2020 2021
Current Assets 3,659,596.43 6,388,500.64 6,996,859.25 7,890,904.13
Less: Current liabilities 543,337.74 614,512.40 682,250.18 754,261.29
Total 3,116,258.68 5,773,988.24 6,314,609.07 7,136,642.84
Schedule 5.7 its measures the amount of capital invested resource
Schedule 5.8 Working Capital turnover
2018 2019 2020 2021
Net Sales 7,692,857.14 8,631,294.64 9,680,589.29 10,813,183.04
Divide by: Average Working
1,558,129.34 578,925.07 648,381.29 718,255.73
Capital
4.94 14.91 14.93 15.05
Schedule 5.8 it indicates a companys effectiveness in using its wo
Schedule 5.9 Net Profit Margin
2018 2019 2020 2021
Net profit 2,175,973.94 2,665,084.86 3,329,394.62 4,050,932.81
Divide by: Sales 8,616,000.00 9,667,050.00 10,842,260.00 12,110,765.00
25% 28% 31% 33%
Schedule 5.9 this margin computes how much you are making mon

Schedule 5.10 Payback Period

Annual Cash Unrecovered
Year Payback period
Flow investment
2018 816,985.54 1,200,000.00 1
2019 784,664.64 383,014.46 0.49
2020 852,663.06
2021 922,315.54
2022 998,354.58
 Schedule 5.10 shows the payback period of the proposed business
Schedule 5.11 Return on assets/ Investment
2018 2019 2020 2021
Net income 2,175,973.94 2,665,084.86 3,329,394.62 4,050,932.81
Divide by: average total asset 1,897,999.78 5,143,401.27 6,777,931.90 7,495,032.86
115% 52% 49% 54%
It gives an idea as to how efficient management is at using its assets to generate earnings. T

Schedule 5.12 Assets Turnover

2018 2019 2020 2021
Sales 7,692,857.14 8,631,294.64 9,680,589.29 10,813,183.04
Divide by: average total asset 1,897,999.78 5,143,401.27 6,777,931.90 7,495,032.86
4.05 1.68 1.43 1.44
The assets turnover ratio is an efficiency rate that measure a companys ability to generate s

Schedule 5.13 Net Present Value of Future cash Flow

Annual Cash
Year 12% factor Payback period
Flow
2018 816,985.54 0.8929 729,486.39
2019 784,664.64 0.7972 625,534.65
2020 852,663.06 0.7118 606,925.57
2021 922,315.54 0.6355 586,131.53
2022 998,354.58 0.5674 566,466.39
Present Value of Cash Flow 3,114,544.53
Less: Cost of Investment 1,200,000.00
Net Present Value Cash Flow 1,914,544.53
Criteria: If NPV is positive, accept the project
If NPV is Negative, reject the project.
Since, NPV is positive the decision is to accept the project. This will lead to the profitability
Schedule 5.14 Profitability index
Net Present value of cash inflow = 2,259,377.26= 1.88
Cost of investment 1,200,000.00

It is an index that attempts to identify the relationship between the costs and the benefits of
 2021 2022

7,889,779.08 9,203,432.49
813.38 829.65
311.66 219.58
7,890,904.13 9,204,481.72

25,787.75 0.00
8,313.03 0.00
34,100.78 0.00
7,925,004.91 9,204,481.72

133,932.76 136,608.95
312,740.57 328,560.44
3,768.00 3,757.40
303,819.96 369,663.96
754,261.29 838,590.75
7,427,175.15 8,649,219.61
8,181,436.44 9,487,810.36

position of the company for a

mpany owns (Assets) and what the
s Equity).The details regarding

2021 2022
10,813,183.04 12,163,982.14
4,293,031.05 4,378,475.58
6,520,151.98 7,785,506.56
733,105.11 744,288.18
5,787,046.88 7,041,218.38
1,736,114.06 2,112,365.51
4,050,932.81 4,928,852.86
peration in peso. The supporting

2022

4,928,852.86
34,100.78
4,962,953.65
292.60
57,215.57
5,020,461.81

-
-

-
(3,706,808.40)
(3,706,808.40)
1,313,653.41
7,869,779.08
9,183,432.49
a period of five years
xpect a gradual
t will be necessary
cash balance.

2022
7,427,175.15
4,928,852.86
12,356,028.01
 3,706,808.40 30% of shares
8,649,219.61
ners contribution

2022
9,183,432.49
20,000.00
9,203,432.49

2022
294.05 1 month supplies
535.60 1 month supplies
829.65

2022
219.58 1 month supplies

219.58

2022
99,261.14
99,261.14
0.00

2022
41,565.16
 41,565.16
0.00

2022
3,941,878.58
156,389.80
4,098,268.38

12 Months

341,522.37
40%
136,608.95

2022
521,860.29

191,810.18
1,489.67
193,299.84
328,560.44

2022
3,757.40 1 month
3,757.40

2022

4,928,852.86
30%
1,478,655.86
4 quarters
369,663.96
 2022 100% mark up
0.02
270.00

50,458.00
prod capacity

13,623,660.00

1.12

12,163,982.14

2022
311.66
3,941,878.58

3,942,190.25

219.58
3,941,970.67
153,662.07
282,842.85
156,389.80
35,434.50
51,956.74
3,118.14
20,828.15
15,115.52
4,378,475.58
-
 4,378,475.58
-
4,378,475.58
-
4,378,475.58
-
4,378,475.58

2022
287,905.31
38,967.56
13,272.63
27,526.68
209,288.39
3,822.66
16,238.40

597,021.63

2022
76,831.03
6,962.74
25,978.37
7,557.76
24,936.64
5,000.00

147,266.55

744,288.18

2022
7,041,218.38
30%
2,112,365.51

selection or data from financial statement for the primary purpose of forecasting the financial health
 2022

9,203,432.49
-
-
9,203,432.49
838,590.75
5.37
any to use its near cash or quick asset to extinguish or retire its current liabilities immediately.

2022
9,204,481.72
838,590.75
10.98
ent obligations.

2022
9,204,481.72
838,590.75
8,365,890.97
al invested resources that are subject to quick turnover.

2022
12,163,982.14

796,426.02

15.27
eness in using its working capital.

2022
4,928,852.86
13,623,660.00
36%
you are making money per every P 1.00 of sales.
e proposed business when it can recover its investment. Its shows that less than 2 years, the company

2022
4,928,852.86
8,564,743.32
58%
generate earnings. The average rate of return on assets/ investment of the proposed business is

2022
12,163,982.14
4,602,240.86
2.64
ability to generate sales from its asset by dividing net sales with average total assets.

d to the profitability of the business.

s and the benefits of a proposed project.

the financial health of the company. To analyze the financial feasibility of the project and the time it c
s immediately.
2 years, the company can recover its investment.

osed business is 32%.

project and the time it can recover its investment, selected computation and analysis of financial rati
analysis of financial ratios will be used to show the worth of the proposed project.
Note 3: Operating Expenses
General & Administrative Year 1 Year 2 Year 3 Year 4 Year 5
Salaries & 13th Month Pay 265,980.00 271,299.60 276,725.59 282,260.10 287,905.31
Rent 36,000.00 36,720.00 37,454.40 38,203.49 38,967.56
Depreciation 13,272.63 13,272.63 13,272.63 13,272.63 13,272.63
Utilities 25,430.40 25,939.01 26,457.79 26,986.94 27,526.68
Fees, Taxes and licenses 8,105.00 193,862.14 201,551.07 209,394.82 209,288.39
Office supplies 3,531.55 3,602.18 3,674.22 3,747.71 3,822.66
Employee Benefits 24,721.80 13,136.40 14,169.60 14,762.40 16,238.40
Total General & Administrative
377,041.38 557,831.96 573,305.31 588,628.10 597,021.63
Expense
Selling & Marketing Year 1 Year 2 Year 3 Year 4 Year 5
Salaries & 13th Month Pay 70,980.00 72,399.60 73,847.59 75,324.54 76,831.03
Cleaning/safety supplies 6,432.50 6,561.15 6,692.37 6,826.22 6,962.74
Rent 24,000.00 24,480.00 24,969.60 25,468.99 25,978.37
Employee Benefits 6,982.20 7,121.84 7,264.28 7,409.57 7,557.76
Utilities 23,037.60 23,498.35 23,968.32 24,447.69 24,936.64
Advertising & Promotion 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 assumption
Total Selling & Marketing
136,432.30 139,060.95 141,742.16 144,477.01 147,266.55
Expense
Total Operating Expenses 513,473.68 696,892.91 715,047.47 733,105.11 744,288.18
assumption
 Description Quantity Unit SM Calamba Check point mall Choice Amount VAT
Laptop 1 pc 14,499.00 14,999.00 Check point mall 14,499.00 1,739.88
Multifunction Printer 1 pc 8,950.00 9,834.95 SM Calamba 8,950.00 1,074.00
Wi-Fi modem w/telephone 1 pc 1,499.00 1,349.00 PLDT 1,349.00 161.88
TOTAL 24,948.00 26,182.95 24,798.00 2,975.76
Net of VAT
12,759.12
7,876.00
1,187.12
21,822.24
Pre-operating expenses AMOUNT
Initial promotion 2,000.00 Initial Promotion
SEC Registration 1,050.00 free taste
Filing Fee 4,000.00 flyers
BIR Registration (including OR's) 500.00
BFAD Registration Fee 1,600.00
Local Fees
Business Tax 1,200.00
Community Tax Certificate 75.00
Barangay Permit 150.00
Mayor's Permit Fee 2,000.00
Business Plate 200.00
Business Plate Sticker 40.00
File Inspection Fee 90.00
CENRO Fee 50.00
Health and Sanitary Fee 300.00
Garbage Fee 4,000.00
TOTAL 17,255.00
1500
500
 1 2 3 4
Total Projecct Cost
Previous Gross Sales - 7,692,857.14 8,631,294.64 9,680,589.29
Business Tax License (0.05%) - 384,642.86 431,564.73 484,029.46
Add: Other Fees
Business Tax - 1,200.00 1,200.00 1,200.00
Community Tax Certificate - 75.00 75.00 75.00
Barangay Permit - 150.00 150.00 150.00
Mayor's Permit Fee - 2,000.00 2,000.00 2,000.00
Business Plate - 200.00 200.00 200.00
Business Plate Sticker - 40.00 40.00 40.00
File Inspection Fee - 90.00 90.00 90.00
CENRO Fee - 50.00 50.00 50.00
Health and Sanitary Fee - 300.00 300.00 300.00
Garbage Fee - 4,000.00 4,000.00 4,000.00
Total Other Fees - 8,105.00 8,105.00 8,105.00
Total Municipal Taxes and Licenses 8,105.00 392,747.86 439,669.73 492,134.46
 5

10,813,183.04
540,659.15

1,200.00
75.00
150.00
2,000.00
200.00
40.00
90.00
50.00
300.00
4,000.00
8,105.00
540,659.15
 As p
Description Quantity Unit Sm Calamba Check point Mall Choice Total Cost VAT EX

Office tables 2 pcs 2,550.75 2,520.00 Check point Mall 5,040.00 2,250.00
Office chairs 2 pcs 683.00 735.25 Sm Calamba 1,366.00 609.82
Couch 1 pc(s) 3,510.55 2,530.00 Check point Mall 2,530.00 2,258.93
Ceiling fan 2 pcs 1,099.00 2,025.25 Sm Calamba 2,198.00 981.25
Electric fan 2 pcs 799.00 699.00 Check point Mall 1,398.00 624.11
File cabinet 1 pc(s) 3,950.00 3,150.00 Check point Mall 3,150.00 2,812.50
Exhaust fan 2 pcs 1,251.00 1,210.75 Check point Mall 2,421.50 1,081.03
Storage cabinet 1 pc(s) 3,250.00 3,599.00 Sm Calamba 3,250.00 2,901.79
Wall clock 2 pcs 451.00 476.00 Sm Calamba 902.00 402.68
Water dispenser 1 pc(s) 2,049.00 1,950.00 Check point Mall 1,950.00 1,741.07
CCTV camera 2 pcs 712.00 605.33 Check point Mall 1,210.66 540.47
Fire Extinguisher 1 pc(s) 1,299.00 1,199.00 Check point Mall 1,199.00 1,070.54
Airconditioner 1 pc(s) 14,950.00 14,999.00 Sm Calamba 14,950.00 13,348.21
36,554.30 35,698.58 41,565.16 30,622.39
 As per computation
VAT Invoice Price Checking Total

270.00 2,520.00 - 4,500.00

73.18 683.00 - 1,219.64
271.07 2,530.00 - 2,258.93
117.75 1,099.00 - 1,962.50
74.89 699.00 - 1,248.21
337.50 3,150.00 - 2,812.50
129.72 1,210.75 - 2,162.05
348.21 3,250.00 - 2,901.79
48.32 451.00 - 805.36
208.93 1,950.00 - 1,741.07
64.86 605.33 - 1,080.95
128.46 1,199.00 - 1,070.54
1,601.79 14,950.00 - 13,348.21
3,674.69 34,297.08 - 37,111.75
Note 2: Cost of Goods Sold
Year 1 Year 2 Year 3 Year 4 Year 5
Beginning raw materials - 473.56 457.34 500.10 587.10
Net Purchase 3,642,021.50 1,687,248.56 1,721,053.35 1,755,517.13 1,790,228.33

Raw materials available for use 1,654,664.00 1,687,722.11 1,721,510.69 1,756,017.23 1,790,815.43

Less: ending raw materials 473.56 457.34 500.10 587.10 278.24

Raw materials used 1,654,190.44 1,687,264.78 1,721,010.59 1,755,430.13 1,790,537.19
Direct Labor 141,960.00 144,799.20 147,695.18 150,649.09 153,662.07
Factory Overhead 287,111.94 267,730.45 272,668.50 277,705.30 282,842.85
Packaging 144,480.00 147,369.60 150,316.99 153,323.33 156,389.80
Utilities - Production 32,736.00 33,390.72 34,058.53 34,739.71 35,434.50
Rental Expense - Production 48,000.00 48,960.00 49,939.20 50,937.98 51,956.74
Production Supplies 27,103.39 2,938.29 2,997.06 3,057.00 3,118.14
Depreciation - Equipment 20,828.15 20,828.15 20,828.15 20,828.15 20,828.15
Employee Benefit - Production 13,964.40 14,243.69 14,528.56 14,819.13 15,115.52
Total manufacturing cost 2,083,262.38 2,099,794.43 2,141,374.27 2,183,784.52 2,227,042.11
Beginning, goods in process - - - - -

Total cost of goods in process 2,083,262.38 2,099,794.43 2,141,374.27 2,183,784.52 2,227,042.11

Less: ending goods in process - - - - -

Cost of goods manufactured 2,083,262.38 2,099,794.43 2,141,374.27 2,183,784.52 2,227,042.11
Beginning finished goods - - - - -
Goods Available for Sale 2,083,262.38 2,099,794.43 2,141,374.27 2,183,784.52 2,227,042.11
Less: ending finished goods - - - - -
Total cost of goods sold 2,083,262.38 2,099,794.43 2,141,374.27 2,183,784.52 2,227,042.11
considering 2% inflation or increase in costs
 Choice Amount
Quantit SM Mercado de
Description y Unit Calamba Calamba Mercado de
Penne 500.00 grams 56.50 49.00 Calamba 49.00
Spaghetti sauce ### grams 78.50 73.50Mercado de Calamba 73.50
Tomato paste 150.00 grams 24.00 24.50 Sm Calamba 24.00
UFC ketchup 320.00 grams 18.00 20.00 Sm Calamba 18.00
Nestle All Purpose Cre 250.00 ml 41.00 46.00 Sm Calamba 41.00
Condensed Milk 218.00 grams 37.50 28.50Mercado de Calamba 28.50
Cheddar Cheese 180.00 grams 47.00 42.75Mercado de Calamba 42.75
Quickmelt Cheese 185.00 grams 66.00 69.75 Sm Calamba 66.00
Brown Sugar 500.00 grams 35.00 26.00Mercado de Calamba 26.00
Baking soda 250.00 grams 21.50 22.00 Sm Calamba 21.50
Baking powder 50.00 grams 12.00 10.00Mercado de Calamba 10.00
Cake flour 250.00 grams 26.50 25.00Mercado de Calamba 25.00
Cocoa powder 250.00 grams 35.00 30.00Mercado de Calamba 30.00
Dark chocolate 200.00 grams 100.00 95.50Mercado de Calamba 95.50
Vanilla 350.00 ml 30.00 25.00Mercado de Calamba 25.00
Eggs 1.00 piece 6.50 6.00Mercado de Calamba 6.00
Cooking Oil 350.00 ml 35.00 20.00Mercado de Calamba 20.00
Fish Sauce 100.00 ml 18.00 15.00Mercado de Calamba 15.00
Pepper 100.00 grams 68.75 25.00Mercado de Calamba 25.00
Garlic ### grams 168.98 150.00Mercado de Calamba 150.00
Onion ### grams 120.95 100.00Mercado de Calamba 100.00
Unsalted Butter 250.00 grams 45.00 43.00Mercado de Calamba 43.00
TOTAL 749.50 702.50 690.75

Packaging
 1
Required per
Cost per Required per piece Cost per Required per packaging Purchases
unit (unit) piece year unit of (unit)
rawmats
0.10 62.500 6.125 1,806,000.000 3,612.00 3,612.00
0.07 108.000 7.938 3,120,768.000 3,120.77 3,121.00
0.16 25.050 4.008 723,844.800 4,825.63 4,826.00
0.06 80.000 4.500 2,311,680.000 7,224.00 7,224.00
0.16 50.000 8.200 1,444,800.000 5,779.20 5,780.00
0.13 49.922 6.527 1,442,546.112 6,617.18 6,618.00
0.24 45.000 10.688 1,300,320.000 7,224.00 7,224.00
0.36 49.950 17.820 1,443,355.200 7,801.92 7,802.00
0.05 125.000 6.500 3,612,000.000 7,224.00 7,224.00
0.09 11.750 1.011 339,528.000 1,358.11 1,359.00
0.20 10.000 2.000 288,960.000 5,779.20 5,780.00
0.10 62.500 6.250 1,806,000.000 7,224.00 7,224.00
0.12 33.250 3.990 960,792.000 3,843.17 3,844.00
0.48 30.000 14.325 866,880.000 4,334.40 4,335.00
0.07 28.000 2.000 809,088.000 2,311.68 2,312.00
6.00 1.000 6.000 28,896.000 28,896.00 28,896.00
0.06 35.000 2.000 1,011,360.000 2,889.60 2,890.00
0.15 2.500 0.375 72,240.000 722.40 723.00
0.25 0.100 0.025 2,889.600 28.90 29.00
0.15 20.000 3.000 577,920.000 577.92 578.00
0.10 20.000 2.000 577,920.000 577.92 578.00
0.17 62.500 10.750 1,806,000.000 7,224.00 7,224.00
126.03
 1 2
Required per
Ending Ending Ending Ending
Purchases packaging Purchases Purchases
Inventory Inventory Inventor Inventory
(amount) unit of (unit) (amount)
(unit) (amount) y (unit) (amount)
rawmats
176,988.00 - - 3,612.00 3,612.00 180,527.76 - -
229,393.50 0.23 17.05 3,120.77 3,121.00 233,981.37 0.46 34.79
115,824.00 0.37 8.83 4,825.63 4,826.00 118,140.48 0.74 18.02
130,032.00 - - 7,224.00 7,224.00 132,632.64 - -
236,980.00 0.80 32.80 5,779.20 5,779.00 241,677.78 0.60 25.09
188,613.00 0.82 23.26 6,617.18 6,617.00 192,356.19 0.63 18.37
308,826.00 - - 7,224.00 7,224.00 315,002.52 - -
514,932.00 0.08 5.28 7,801.92 7,802.00 525,230.64 0.16 10.77
187,824.00 - - 7,224.00 7,224.00 191,580.48 - -
29,218.50 0.89 19.09 1,358.11 1,358.00 29,780.94 0.78 17.02
57,800.00 0.80 8.00 5,779.20 5,779.00 58,945.80 0.60 6.12
180,600.00 - - 7,224.00 7,224.00 184,212.00 - -
115,320.00 0.83 24.96 3,843.17 3,843.00 117,595.80 0.66 20.32
413,992.50 0.60 57.30 4,334.40 4,334.00 422,174.94 0.20 19.48
57,800.00 0.32 8.00 2,311.68 2,312.00 58,956.00 0.64 16.32
173,376.00 - - 28,896.00 28,896.00 176,843.52 - -
57,800.00 0.40 8.00 2,889.60 2,890.00 58,956.00 0.80 16.32
10,845.00 0.60 9.00 722.40 722.00 11,046.60 0.20 3.06
725.00 0.10 2.60 28.90 29.00 739.50 0.21 5.30
86,700.00 0.08 12.00 577.92 578.00 88,434.00 0.16 24.48
57,800.00 0.08 8.00 577.92 578.00 58,956.00 0.16 16.32
310,632.00 - - 7,224.00 7,224.00 316,844.64 - -
3,642,021.50 244.17 3,714,615.60 251.78
 3 4
Required per Required per
Ending Ending
packaging Purchases Purchases packaging Purchases Purchases
Inventor Inventory
unit of (unit) (amount) unit of (unit) (amount)
y (unit) (amount)
rawmats rawmats
3,612.00 3,612.00 184,138.32 - - 3,612.00 3,612.00 187,821.08
3,120.77 3,121.00 238,661.00 0.70 53.22 3,120.77 3,121.00 243,434.22
4,825.63 4,825.00 120,478.32 0.10 2.60 4,825.63 4,826.00 122,913.36
7,224.00 7,224.00 135,285.29 - - 7,224.00 7,224.00 137,991.00
5,779.20 5,779.00 246,511.34 0.40 17.06 5,779.20 5,779.00 251,441.56
6,617.18 6,617.00 196,203.31 0.45 13.28 6,617.18 6,617.00 200,127.38
7,224.00 7,224.00 321,302.57 - - 7,224.00 7,224.00 327,728.62
7,801.92 7,802.00 535,735.25 0.24 16.48 7,801.92 7,802.00 546,449.96
7,224.00 7,224.00 195,412.09 - - 7,224.00 7,224.00 199,320.33
1,358.11 1,358.00 30,376.56 0.66 14.85 1,358.11 1,358.00 30,984.09
5,779.20 5,779.00 60,124.72 0.40 4.16 5,779.20 5,779.00 61,327.21
7,224.00 7,224.00 187,896.24 - - 7,224.00 7,224.00 191,654.16
3,843.17 3,843.00 119,947.72 0.50 15.48 3,843.17 3,843.00 122,346.67
4,334.40 4,335.00 430,717.80 0.80 79.49 4,334.40 4,334.00 439,230.81
2,311.68 2,312.00 60,135.12 0.96 24.97 2,311.68 2,311.00 61,311.29
28,896.00 28,896.00 180,380.39 - - 28,896.00 28,896.00 183,988.00
2,889.60 2,889.00 60,114.31 0.20 4.16 2,889.60 2,890.00 61,337.82
722.40 723.00 11,283.14 0.80 12.48 722.40 722.00 11,492.88
28.90 29.00 754.29 0.31 8.12 28.90 29.00 769.38
577.92 578.00 90,202.68 0.24 37.45 577.92 578.00 92,006.73
577.92 578.00 60,135.12 0.24 24.97 577.92 578.00 61,337.82
7,224.00 7,224.00 323,181.53 - - 7,224.00 7,224.00 329,645.16
3,788,977.10 328.78 3,864,659.54
4 5
Required per
Ending Ending Ending Ending
packaging Purchases Purchases
Inventor Inventory Inventor Inventory
unit of (unit) (amount)
y (unit) (amount) y (unit) (amount)
rawmats
- - 3,612.00 3,612.00 191,577.50 - -
0.93 72.38 3,120.77 3,120.00 248,223.34 0.16 12.73
0.47 12.02 4,825.63 4,826.00 125,371.62 0.84 21.82
- - 7,224.00 7,224.00 140,750.82 - -
0.20 8.70 5,779.20 5,779.00 256,470.39 - -
0.26 7.98 6,617.18 6,617.00 204,129.93 0.08 2.47
- - 7,224.00 7,224.00 334,283.19 - -
0.32 22.41 7,801.92 7,802.00 557,378.96 0.40 28.58
- - 7,224.00 7,224.00 203,306.74 - -
0.55 12.59 1,358.11 1,358.00 31,603.77 0.44 10.24
0.20 2.12 5,779.20 5,779.00 62,553.75 - -
- - 7,224.00 7,224.00 195,487.25 - -
0.33 10.44 3,843.17 3,843.00 124,793.60 0.16 5.20
0.40 40.54 4,334.40 4,334.00 448,015.42 - -
0.28 7.43 2,311.68 2,312.00 62,564.58 0.60 16.24
- - 28,896.00 28,896.00 187,667.76 - -
0.60 12.73 2,889.60 2,889.00 62,542.93 - -
0.40 6.37 722.40 722.00 11,722.74 - -
0.42 11.04 28.90 29.00 784.76 0.52 14.07
0.32 50.94 577.92 578.00 93,846.87 0.40 64.95
0.32 33.96 577.92 578.00 62,564.58 0.40 43.30
- - 7,224.00 7,224.00 336,238.07 - -
311.66 3,941,878.58 219.58
Monthly Compensation Schedule
Monthly Compensation Schedule

Position Monthly Rate Rate SSS Philhealth

EE ER EC EE
General Manager 10,000.00 500.00 363.30 736.70 10.00 125.00
Part-time Bookkeeper 5,000.00 181.70 368.30 10.00 100.00
Baker 1 / Utility Man 10,920.00 420.00 399.70 810.30 10.00 125.00
Baker 2 / Cashier 10,920.00 420.00 399.70 810.30 10.00 125.00
TOTAL 36,840.00 1,344.40 2,725.60 40.00 475.00

Annual Compensation Schedule

Annual Compensation Schedule

Position Annual Rate 13th Month Pay SSS Philhealth

EE ER EC EE
General Manager 120,000.00 10,000.00 4,359.60 8,840.40 120 1,500.00
Part-time Bookkeeper 60,000.00 5,000.00 2,180.40 4,419.60 120 1,200.00
Baker 1 / Utility Man 131,040.00 10,920.00 4,796.40 9,723.60 120 1,500.00
Baker 2 / Cashier 131,040.00 10,920.00 4,796.40 9,723.60 120 1,500.00
TOTAL 442,080.00 36,840.00 16,132.80 32,707.20 480 5,700.00
 As per my own Analysis
Total
Philhealth Pag-ibig Net Pay Classification of Cost
Deduction
ER EE ER
125.00 200.00 200.00 688.30 9,311.70 Operating Expenses
100.00 100.00 100.00 381.70 4,618.30 Operating Expenses
125.00 218.40 218.40 743.10 10,176.90 Direct labor / Operating Expense
125.00 218.40 218.40 743.10 10,176.90 Direct labor / Operating Expense
475.00 736.80 736.80 2,556.20 34,283.80

Total
Philhealth Pag-ibig Net Pay
Deduction
ER EE ER
1,500.00 2,400.00 2,400.00 8,259.60 111,740.40
1,200.00 1,200.00 1,200.00 4,580.40 55,419.60
1,500.00 2,620.80 2,620.80 8,917.20 122,122.80
1,500.00 2,620.80 2,620.80 8,917.20 122,122.80
5,700.00 8,841.60 8,841.60 30,674.40 411,405.60
Factory Overhead:
Packaging ### ### ### ### ###
Kitchen Supplies 27,103.39 2,938.29 2,997.06 3,057.00 3,118.14
Utilities - Production 32,736.00 ### ### ### ###
Rent - Production 48,000.00 ### ### ### ###
SSS Contribution 9,843.60 ### ### ### ###
Pag-IBIG Contribution 2,620.80 2,673.22 2,726.68 2,781.21 2,836.84
Philhealth Contributio 1,500.00 1,530.00 1,560.60 1,591.81 1,623.65
Dep - Electric Mixer 350.00 350.00 350.00 350.00 350.00
Dep - Stationary Gas O 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
Dep - Refrigerator 2,999.95 2,999.95 2,999.95 2,999.95 2,999.95
Dep - Pastry Refrigerat 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Dep - Stove four burner 6,479.20 6,479.20 6,479.20 6,479.20 6,479.20

Dep - Rangehood 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00

287,111.94 267,730.45 272,668.50 277,705.30 282,842.85

18,029.15
 assumption only

40,920.00 comm, electricity, water, lpg

60,000.00 annual rent

share
annual consumption production office selling
rent 120,000.00 50% 30% 20%
communication 11,988.00 80% 20%
electricity 127,295.00 30% 30% 40%
water 9,600.00 70% 15% 15%
lpg 19,800.00 100%
 amount
production office selling
60,000.00 36,000.00 24,000.00
- 9,590.40 2,397.60
38,188.50 38,188.50 50,918.00
6,720.00 1,440.00 1,440.00
19,800.00 - -
 1 year
Description Quantity Unit SM Calamba Checkpoint Mall Choice
Pot 5 pcs 775.00 575.00 Checkpoint Mall
Baking pan 24 pcs 690.00 489.75 Checkpoint Mall
Mixing bowl 4 pcs 100.00 98.79 Checkpoint Mall
Strainer 4 pcs 149.75 150.75 Sm Calamba
Measuring spoons and cups 4 sets 413.00 429.50 Sm Calamba
Tray 12 pcs 200.00 155.00 Checkpoint Mall
Extension cord 3 pcs 269.75 195.85 Checkpoint Mall
LPG tank 3 pcs 1,550.00 1,150.00 Checkpoint Mall
Cake server 2 pcs 243.00 322.00 Sm Calamba
Wall clock 2 pcs 350.75 280.00 Checkpoint Mall
Chopping board 2 pcs 59.75 69.59 Sm Calamba
Knife 2 pcs 79.75 75.59 Checkpoint Mall
Cooking Spoon 4 pcs 258.75 150.25 Checkpoint Mall
Pot holder 8 pcs 100.00 75.00 Checkpoint Mall
Apron 4 pcs 150.75 120.00 Checkpoint Mall
Kitchen/dish towel 8 pcs 60.00 50.75 Checkpoint Mall
Icing bag 4 pcs 188.00 130.75 Checkpoint Mall
TOTAL 5,638.25 4,518.57
 As per my own computation
Unit Cost Total Cost VAT Net of VAT VAT EX VAT UNIT COST Checking Total Costs
575.00 2,875.00 308.04 2,566.96 513.39 61.61 575.00 - 2,566.96
489.75 11,754.00 1,259.36 10,494.64 437.28 52.47 489.75 - 10,494.64
98.79 395.16 42.34 352.82 88.21 10.58 98.79 - 352.82
150.75 603.00 64.61 538.39 134.60 16.15 150.75 - 538.39
413.00 1,652.00 177.00 1,475.00 368.75 44.25 413.00 - 1,475.00
155.00 1,860.00 199.29 1,660.71 138.39 16.61 155.00 - 1,660.71
195.85 587.55 62.95 524.60 174.87 20.98 195.85 - 524.60
1,150.00 3,450.00 369.64 3,080.36 1,026.79 123.21 1,150.00 - 3,080.36
243.00 486.00 52.07 433.93 216.96 26.04 243.00 - 433.93
280.00 560.00 60.00 500.00 250.00 30.00 280.00 - 500.00
59.75 119.50 12.80 106.70 53.35 6.40 59.75 - 106.70
75.59 151.18 16.20 134.98 67.49 8.10 75.59 - 134.98
150.25 601.00 64.39 536.61 134.15 16.10 150.25 - 536.61
75.00 600.00 64.29 535.71 66.96 8.04 75.00 - 535.71
120.00 480.00 51.43 428.57 107.14 12.86 120.00 - 428.57
50.75 406.00 43.50 362.50 45.31 5.44 50.75 - 362.50
130.75 523.00 56.04 466.96 116.74 14.01 130.75 - 466.96
4,413.23 27,103.39 2,903.93 24,199.46 3,940.38 472.85 4,413.23 - 24,199.46
 Description Quantity Unit SM Calamba Mercado de Calamba Choice Unit Cost Total Cost

Trash bin 3 pcs 120.00 65.00 Mercado de Calamba 65.00 195.00

Heat resistant gloves 24 pairs 59.75 35.00 Mercado de Calamba 35.00 840.00
Broom 3 pcs 215.00 150.00 Mercado de Calamba 150.00 450.00
Trash bag 6 rolls 190.00 150.00 Mercado de Calamba 150.00 900.00
Dust pan 2 pcs 150.75 65.00 Mercado de Calamba 65.00 130.00
Rags 48 pcs 5.00 3.00 Mercado de Calamba 3.00 144.00
Pail 1 pc(s) 175.00 65.00 Mercardo de Calamba 65.00 65.00
Dishwashing 48 pcs 65.00 35.50 Mercado de Calamba 35.50 1,704.00
Detergent powder 2 pcs 395.00 120.00 Mercado de Calamba 120.00 240.00
Fire extinguisher 1 pc(s) 1,450.00 1,198.00 Mercado de Calamba 1,198.00 1,198.00
First aid kit 1 pc(s) 484.00 404.00 Mercado de Calamba 404.00 404.00
Dipper 1 pc(s) 30.00 15.00 Mercado de Calamba 15.00 15.00
Mop 1 pc(s) 155.75 147.50 Mercado de Calamba 147.50 147.50
TOTAL 3,495.25 2,453.00 2,453.00 6,432.50
 As per my own computation
VAT Net of VAT VAT EX VAT Invoice Amount Checking Total Costs

20.89 174.11 58.04 6.96 65.00 - 174.11

90.00 750.00 31.25 3.75 35.00 - 750.00
48.21 401.79 133.93 16.07 150.00 - 401.79
96.43 803.57 133.93 16.07 150.00 - 803.57
13.93 116.07 58.04 6.96 65.00 - 116.07
15.43 128.57 2.68 0.32 3.00 - 128.57
6.96 58.04 58.04 6.96 65.00 - 58.04
182.57 1,521.43 31.70 3.80 35.50 - 1,521.43
25.71 214.29 107.14 12.86 120.00 - 214.29
128.36 1,069.64 1,069.64 128.36 1,198.00 - 1,069.64
43.29 360.71 360.71 43.29 404.00 - 360.71
1.61 13.39 13.39 1.61 15.00 - 13.39
15.80 131.70 131.70 15.80 147.50 - 131.70
689.20 5,743.30 2,190.18 262.82 2,453.00 - 5,743.30
 Description Quantity Unit SM Calamba Checkpoint Mall Choice Unit Cost
Electric mixer 2 pcs 890.00 875.00 Checkpoint Mall 875.00
Stationary Gas Oven 1 pc 18,000.00 14,000.00 Checkpoint Mall 14,000.00
Refrigerator 1 pc 14,999.75 16,990.00 Sm Calamba 14,999.75
Pastry Refrigerator 1 pc 22,000.00 20,000.00 Checkpoint Mall 20,000.00
Stove four burner 2 pcs 16,198.00 20,998.00 Sm Calamba 16,198.00
Aircon 1 pc 14,999.00 13,995.00 Checkpoint Mall 13,995.00
Rangehood 2 pcs 3,500.00 4,000.00 Sm Calamba 3,500.00
TOTAL 90,586.75 90,858.00 83,567.75
Total Cost VAT Net of VAT
1,750.00 187.50 1,562.50 781.25 93.75 875.00 - 1,562.50
14,000.00 1,500.00 12,500.00
14,999.75 1,607.12 13,392.63
20,000.00 2,142.86 17,857.14
32,396.00 3,471.00 28,925.00
13,995.00 1,499.46 12,495.54
7,000.00 750.00 6,250.00
104,140.75 11,157.94 92,982.81
 Description Quantity Unit Maya Bookstore Sm Calamba (NB) Choice Total Cost

Ballpen 1 box 60.00 65.00 Maya Bookstore 60.00

Pencil 1 box 68.75 70.75 Maya Bookstore 68.75
Short bond paper 1 ream(s) 150.00 149.00 Sm Calamba (NB) 149.00
Short folder 12 pcs 5.50 5.00 Sm Calamba (NB) 60.00
Long folder 12 pcs 6.50 6.00 Sm Calamba (NB) 72.00
Long bond paper 1 ream(s) 176.00 212.00 Maya Bookstore 176.00
Short Envelope 12 pcs 6.00 5.50 Sm Calamba (NB) 66.00
Long Envelope 12 pcs 7.00 8.00 Maya Bookstore 84.00
Fastener 1 box 23.00 24.75 Maya Bookstore 23.00
Scotch tape 3 pcs 26.75 26.00 Sm Calamba (NB) 78.00
Scotch tape dispenser 1 pc(s) 99.75 100.95 Maya Bookstore 99.75
Carbon paper 1 Ream 100.00 112.00 Maya Bookstore 100.00
Stapler 2 pcs 135.75 130.55 Sm Calamba (NB) 261.10
Staple wire 1 box 36.00 45.00 Maya Bookstore 36.00
Puncher 1 pc(s) 200.00 198.00 Sm Calamba (NB) 198.00
Journal record 1 pc(s) 30.00 33.50 Maya Bookstore 30.00
Desktop Calculator 1 pc(s) 350.00 355.00 Maya Bookstore 350.00
Scissors 1 pc(s) 44.75 45.00 Maya Bookstore 44.75
Ink cartridges 1 pc(s) 759.00 769.00 Maya Bookstore 759.00
Marker 1 pc(s) 35.00 37.00 Maya Bookstore 35.00
Cash Voucher 6 reams 32.75 34.00 Maya Bookstore 196.50
Petty Cash Voucher 6 reams 55.95 57.75 Maya Bookstore 335.70
Cash Carbonless 3 reams 50.25 49.75 Sm Calamba (NB) 149.25
Time Card 1 ream(s) 100.00 99.75 Sm Calamba (NB) 99.75
TOTAL 2,558.70 2,639.25 3,531.55
 As per my own computation
VAT EX VAT Invoice Price Cheking
VAT Net of VAT

6.43 53.57 53.57 6.43 60.00 -

7.37 61.38 61.38 7.37 68.75 -
15.96 133.04 133.04 15.96 149.00 -
6.43 53.57 53.57 6.43 60.00 -
7.71 64.29 64.29 7.71 72.00 -
18.86 157.14 157.14 18.86 176.00 -
7.07 58.93 58.93 7.07 66.00 -
9.00 75.00 75.00 9.00 84.00 -
2.46 20.54 20.54 2.46 23.00 -
8.36 69.64 69.64 8.36 78.00 -
10.69 89.06 89.06 10.69 99.75 -
10.71 89.29 89.29 10.71 100.00 -
27.98 233.13 233.13 27.98 261.10 -
3.86 32.14 32.14 3.86 36.00 -
21.21 176.79 176.79 21.21 198.00 -
3.21 26.79 26.79 3.21 30.00 -
37.50 312.50 312.50 37.50 350.00 -
4.79 39.96 39.96 4.79 44.75 -
81.32 677.68 677.68 81.32 759.00 -
3.75 31.25 31.25 3.75 35.00 -
21.05 175.45 175.45 21.05 196.50 -
35.97 299.73 299.73 35.97 335.70 -
15.99 133.26 133.26 15.99 149.25 -
10.69 89.06 89.06 10.69 99.75 -
378.38 3,153.17 3,153.17 378.38 3,531.55 -