Year 1

Total Sales 1,830,810.00

Beginning Inventory

Purchases 567,120.00
Less: End. Inventory (Note 1) 113,424.00
Cost of Goods Sold 453,696.00

Gross Profit 1,377,114.00

Expenses:
Utilities (Note 2) 90,000.00
Installation Cost 5,000.00
Legal Fees 500.00
Repairs & Maintenance Cost 10,000.00
Waste Disposal (Note 3) 1,570.00
Advertising 5,000.00
Salaries (Note 4) 720,000.00
Depreciation Expense (Note 5) 10,684.00

Income Before Tax 534,360.00

Income Tax (30%) 160,308.00
Net Income PHP 374,052.00

Year Demand Increase (5%) Total

1 122,054.00 122054
2 122,054.00 6102.7 128156.7
3 128,156.70 6407.835 134564.535
4 134,564.54 6728.22675 141292.76175
5 141,292.76 7064.6380875 148357.3998375

Year 1 Year 2 Year 3

Year 1 Year 2 Year 3
Beginning Balance 0 113424 136108.8
Purchase 567120 567120 567120
Total Supplies 567120 680544 703228.8
Cost of Goods Sold -453696 -544435.2 -562583.04
Ending Inventory PHP 113,424.00 PHP 136,108.80 PHP 140,645.76
 Utilities / month No. of months Annual Utilities
7500 12 PHP 90,000.00

Cleaning Materials Unit price Quantity Total Cost

Broom & Dust Pan 105 4 420
Trash Can 100 1 100
Air Freshener 175 6 1050
Total PHP 1,570.00

Year No. of Employees Monthly Rate No. of Months

1 12 5,000.00 12
2 12 5,000.00 12
3 12 5,000.00 12
4 12 5,000.00 12
5 12 5,000.00 12

Noncurrent Asset Unit Price Useful Life Depreciation Expense

Ice Cream Maker Machine 40000 10 4000
Freezers 35000 10 3500
Computer Set 15000 10 1500
Furnitures & Fixtures 8420 5 1684
Total PHP 10,684.00
Year 2 Year 3 Year 4 Year 5
1,922,350.50 2,018,468.03 2,119,391.43 2,225,361.00

113,424.00 136,108.80 140,645.76 141,553.15

567,120.00 567,120.00 567,120.00 567,120.00

136,108.80 140,645.76 141,553.15 141,734.63
431,011.20 426,474.24 425,566.85 425,385.37

1,491,339.30 1,591,993.79 1,693,824.58 1,799,975.63

90,000.00 90,000.00 90,000.00 90,000.00

- - - -
- - - -
10,000.00 10,000.00 10,000.00 10,000.00
1,570.00 1,570.00 1,570.00 1,570.00
- - - -
720,000.00 720,000.00 720,000.00 720,000.00
10,684.00 10,684.00 10,684.00 10,684.00

659,085.30 759,739.79 861,570.58 967,721.63

197,725.59 227,921.94 258,471.17 290,316.49
PHP 461,359.71 PHP 531,817.85 PHP 603,099.40 PHP 677,405.14

Price Projected Sales

15.00 PHP 1,830,810.00
15.00 PHP 1,922,350.50
15.00 PHP 2,018,468.03
15.00 PHP 2,119,391.43
15.00 PHP 2,225,361.00

Year 4 Year 5
Year 4 Year 5
140645.76 141553.152
567120 567120
707765.76 708673.152
-566212.608 -566938.5216
PHP 141,553.15 PHP 141,734.63
Annual Salaries Expense
PHP 720,000.00
PHP 720,000.00
PHP 720,000.00
PHP 720,000.00
PHP 720,000.00
 Particulars Qty Price Total Per Month
Yuro-kl 12 30 360 4 1, 440
Skim Milk 30 20 600 4 2, 400
Canned Evaporated Milk 20 30 600 4 2, 400
Canned Condensed Milk 55 42 2, 310 4 9, 240
Sugar 20 44 880 4 3, 520
Coconut Milk 15 60 900 4 3, 600
Vanilla 1 120 120 4 480
Food Color (Orange and Green) 5 24 120 4 480
Squash 5 100 375 4 1, 500
Malunggay 10 30 300 4 1, 200
Nips-kl 4 200 600 4 2, 400
Marshmallows-kl 4 140 480 4 1, 920
Sprinkles 5 180 750 4 3, 000
Cups 3000 1 3000 4 12, 000
Spoon 3000 0.14 420 4 4, 680
Total PHP 56
 Annual
12 17, 280
12 28, 800
12 28, 800
12 110, 880
12 42, 240
12 43, 200
12 5, 760
12 5, 760
12 18, 000
12 14, 400
12 28, 800
12 23, 040
12 36, 000
12 144, 000
12 20, 160
Total PHP 567, 120.00
 Particulars
Cash Flow form Operating Activities
Net Income
Depreciation - Equipment
Depreciation - Furnitures and Fixtures
Decrease in Inventory (Note 1)
Decrease in Accounts Payable (Note 2)
Net Cash Provided by Operations

Cash Flow from Investing Activities

Purchase of Computer
Purchase of F&F
Net Cash Used

Cash Flow from Financing Activities

A, Withrawal
E, Withdrawal
Net Cash Used
Increase(Decrease) in Cash
Add: Cash, January 1
Cash, December 31

Year 1 Year 2
Net Income PHP 374,052.00 PHP 461,359.71

Year 1 Year 2 Year 3

Beginning 0 113424 136108.8
Ending 113424 136108.8 140645.76
Decrease(increase) (113,424.00) (22,684.80) (4,536.96)

Year 1 Year 2 Year 3

Beginning PHP 75,000.00 PHP 60,000.00 PHP 45,000.00
Ending 60,000.00 45,000.00 30,000.00
Decrease(increase) PHP 15,000.00 PHP 15,000.00 PHP 15,000.00
 Year 1 Year 2 Year 3 Year 4 Year 5

PHP 374,052.00 PHP 461,359.71 PHP 531,817.85 PHP 603,099.40 PHP 677,405.14
9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
1,684.00 1,684.00 1,684.00 1,684.00 1,684.00
(113,424.00) (22,684.80) (4,536.96) (907.39) (181.48)
(15,000.00) (15,000.00) (15,000.00) (15,000.00) (15,000.00)
256,312.00 434,358.91 522,964.89 597,876.01 672,907.66

15,000.00 - - - -
8,420.00 - - - -
23,420.00 - - - -

150,000.00 150,000.00 150,000.00 150,000.00 150,000.00

150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
(67,108.00) 134,358.91 222,964.89 297,876.01 372,907.66
225,000.00 157,892.00 292,250.91 515,215.80 813,091.81
PHP 157,892.00 PHP 292,250.91 PHP 515,215.80 PHP 813,091.81 PHP 1,185,999.47

Year 3 Year 4 Year 5

PHP 531,817.85 PHP 603,099.40 PHP 677,405.14

Year 4 Year 5
140645.76 141553.152
141553.152 141734.6304
(907.39) (181.48)

Year 4 Year 5
PHP 30,000.00 PHP 15,000.00
15,000.00 -
PHP 15,000.00 PHP 15,000.00
 Particulars Year 1
Assets:
Current Assets
Cash (See Cash Flow) 157,892.00
Inventory 113,424.00
Noncurrent Assets
Furniture & Fixtures, net (Note 1) 6,736.00
Equipment, net (Note 2) 80,000.00
TOTAL ASSETS PHP 358,052.00

Liabilities & Equity:

Accounts Payable (Note 3) 60,000.00
Aquino, Capital (Note 4) 162,026.00
Empemano, Capital (Note 5) 137,026.00
TOTAL LIABILITIES & EQUITY PHP 358,052.00

DIFFERENCE -

Cash, December 31 From Cash Flow PHP 157,892.00

Year 1
Particulars Cost Accum. Dep'n
Stainless Containers PHP 4,250.00 PHP 850.00
Kitchen Knife 160.00 32.00
Electric fan 1,800.00 360.00
Casserole 780.00 156.00
Table 680.00 136.00
Chairs 750.00 150.00
Total PHP 8,420.00 PHP 1,684.00

Year 1
Particulars Cost Accum. Dep'n
Ice Cream Maker Machine PHP 40,000.00 PHP 4,000.00
Freezers 35,000.00 3,500.00
Computer Set 15,000.00 1,500.00
Total 90,000.00 PHP 9,000.00

Year 1 Year 2
Beginning. Balance PHP 75,000.00 PHP 60,000.00
Payment (15,000.00) (15,000.00)
Ending Balance PHP 60,000.00 PHP 45,000.00

Year 1 Year 2
Beginning Balance 125,000.00 162,026.00
Share in profits 187,026.00 230,679.86
Withdrawal (150,000.00) (150,000.00)
Ending Balance PHP 162,026.00 PHP 242,705.86

Year 1 Year 2
Beginning Balance 100,000.00 137,026.00
Share in profits 187,026.00 230,679.86
Withdrawal (150,000.00) (150,000.00)
Ending Balance PHP 137,026.00 PHP 217,705.86

Year 1
Net Income PHP 374,052.00
 Year 2 Year 3 Year 4 Year 5

292,250.91 515,215.80 813,091.81 1,185,999.47

136,108.80 140,645.76 141,553.15 141,734.63

5,052.00 3,368.00 1,684.00 -

72,000.00 63,000.00 54,000.00 45,000.00
PHP 505,411.71 PHP 722,229.56 PHP 1,010,328.96 PHP 1,372,734.10

45,000.00 30,000.00 15,000.00 -

242,705.86 358,614.78 510,164.48 698,867.05
217,705.86 333,614.78 485,164.48 673,867.05
PHP 505,411.71 PHP 722,229.56 PHP 1,010,328.96 PHP 1,372,734.10

- - - -

PHP 292,250.91 PHP 515,215.80 PHP 813,091.81 PHP 1,185,999.47

Year 1 Year 2 Year 3

Carrying Amount Accum. Dep'n Carrying Amount Accum. Dep'n
PHP 3,400.00 PHP 1,700.00 PHP 2,550.00 PHP 2,550.00
128.00 64.00 96.00 96.00
1,440.00 720.00 1,080.00 1,080.00
624.00 312.00 468.00 468.00
544.00 272.00 408.00 408.00
600.00 300.00 450.00 450.00
PHP 6,736.00 PHP 3,368.00 PHP 5,052.00 PHP 5,052.00

Year 1 Year 2 Year 3

Carrying Amount Accum. Dep'n Carrying Amount Accum. Dep'n
PHP 36,000.00 PHP 8,000.00 PHP 32,000.00 PHP 12,000.00
31,500.00 7,000.00 28,000.00 10,500.00
12,500.00 3,000.00 12,000.00 4,500.00
PHP 80,000.00 PHP 18,000.00 PHP 72,000.00 PHP 27,000.00

Year 3 Year 4 Year 5

PHP 45,000.00 PHP 30,000.00 PHP 15,000.00
 (15,000.00) (15,000.00) (15,000.00)
PHP 30,000.00 PHP 15,000.00 PHP -

Year 3 Year 4 Year 5

242,705.86 358,614.78 510,164.48
265,908.92 301,549.70 338,702.57
(150,000.00) (150,000.00) (150,000.00)
PHP 358,614.78 PHP 510,164.48 PHP 698,867.05

Year 3 Year 4 Year 5

217,705.86 333,614.78 485,164.48
265,908.92 301,549.70 338,702.57
(150,000.00) (150,000.00) (150,000.00)
PHP 333,614.78 PHP 485,164.48 PHP 673,867.05

Year 2 Year 3 Year 4 Year 5

PHP 461,359.71 PHP 531,817.85 PHP 603,099.40 PHP 677,405.14
Year 3 Year 4 Year 5
Carrying Amount Accum. Dep'n Carrying Amount Accum. Dep'n Carrying Amount
PHP 1,700.00 PHP 3,400.00 PHP 850.00 PHP 4,250.00 -
64.00 128.00 32.00 160.00
720.00 1,440.00 360.00 1,800.00
312.00 624.00 156.00 780.00
272.00 544.00 136.00 680.00
300.00 600.00 150.00 750.00
PHP 3,368.00 PHP 6,736.00 PHP 1,684.00 PHP 8,420.00 PHP -

Year 3 Year 4 Year 5

Carrying Amount Accum. Dep'n Carrying Amount Accum. Dep'n Carrying Amount
PHP 28,000.00 PHP 16,000.00 PHP 24,000.00 PHP 20,000.00 PHP 20,000.00
24,500.00 14,000.00 21,000.00 17,500.00 17,500.00
10,500.00 6,000.00 9,000.00 7,500.00 7,500.00
PHP 63,000.00 PHP 36,000.00 PHP 54,000.00 PHP 45,000.00 PHP 45,000.00