Prodia

Quantity Cost/Unit

Direct Materials
Banana Fiber (per 10 Feet) 70.00 20.00
Nails (per Kilo) 0.25 60.00
Tackers (per Pack) 0.50 110.00
Seal Wood (per Gallon) 0.25 700.00
Varnish (per Gallon) 0.50 450.00
Foam 1.00 1,500.00
Mahogany Wood (per 4 Feet) 8.33 240.00
Pillows (per Piece) 4.00 75.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,570.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price

Sales - 5% Increase
Quantity Sold Per Year
2020 2021 2022 2023
Prodia 40 42 44 46
Regine 33 35 36 38
Pandolfo 38 40 42 44
Moon Bed 27 28 30 31
Arkansas 35 37 39 41
Alabama 31 33 34 36
Dakota 39 41 43 45
Hot Base 40 42 44 46
TOTAL SALES 283 297 312 328
 Purchases -
Cost of Materials
2020 2021 2022 2023
Prodia 2,835.00 2,976.75 3,125.59 3,281.87
Regine 9,997.50 10,497.38 11,022.24 11,573.36
Pandolfo 9,602.50 10,082.63 10,586.76 11,116.09
Moon Bed 7,535.00 7,911.75 8,307.34 8,722.70
Arkansas 8,228.75 8,640.19 9,072.20 9,525.81
Alabama 5,560.75 5,838.79 6,130.73 6,437.26
Dakota 3,779.98 3,968.98 4,167.43 4,375.80
Hot Base 3,946.24 4,143.55 4,350.73 4,568.27
TOTAL PURCHASES

Materials Ending Inve

Cost of Materials

Prodia 2,835.00 2,976.75 3,125.59 3,281.87

Regine 9,997.50 10,497.38 11,022.24 11,573.36
Pandolfo 9,602.50 10,082.63 10,586.76 11,116.09
Moon Bed 7,535.00 7,911.75 8,307.34 8,722.70
Arkansas 8,228.75 8,640.19 9,072.20 9,525.81
Alabama 5,560.75 5,838.79 6,130.73 6,437.26
Dakota 3,779.98 3,968.98 4,167.43 4,375.80
Hot Base 3,946.24 4,143.55 4,350.73 4,568.27
TOTAL MATERIALS INVENTORY

Quantity Days of Daily Monthly

Work Salary Salary
Carpenter 2 26 400.00 10,400.00
Assembly Man 1 27 400.00 10,800.00
Strippers/Weavers 3 26 350.00 9,100.00
Draftsman/AUTO CAD Oper. 1 26 426.00 11,076.00
Polish Men/Varnisher 2 26 400.00 10,400.00
TOTAL 51,776.00

Quantity Days of Daily Monthly

Work Salary Salary
General Manager 1 26 769.23 20,000.00
Finance Head 1 14 576.92 8,076.92
Operations Head 1 26 576.92 15,000.00
Marketing Head 1 14 576.92 8,076.92
Quality Control Supervisor 1 26 480.00 12,480.00
Salesperson 3 26 426.00 11,076.00
Helpers/Delivery 2 26 426.00 11,076.00
Security Guard 1 26 426.00 11,076.00
TOTAL 96,861.85

Manufacturing Overhead
Plant Monthly Year
Percentage Amount 2020
Utilities :
Water 0.75 15,000.00 11,250.00
Electricity 0.75 20,000.00 15,000.00
Communication System 0.75 3,000.00 2,250.00
Total 0.75 38,000.00 28,500.00
Rent 0.75 80,000.00 60,000.00
Total Manufacturing Overhead 88,500.00

Other Income - Delivery Income

Delivery Year
Income 2020
Monthly Units per Year
2020 283 250.00 70,750.00
2021 297 250.00
2022 312 250.00
2023 328 250.00
2024 344 250.00
Total 70,750.00

SSS & PhilHealth - EE Contribution

2020
Manager 750.00
Finance Head 687.50
Operations Head 687.50
Marketing Head 687.50
Quality Control Supervisor 488.50
Salesperson 429.20
Helpers/Delivery 429.20
Security Guard 429.20
Monthly EE Contribution 4,588.60
Number of Months 12
Total Yearly Expense 55,063.20
Less : Year-End Contribution Payable 4,588.60
Total SSS & PhilHealth Expense 50,474.60
 Research And Development Expense
2020
Surveys 5,000.00
Experimentation 20,000.00
Total Research And Development Expense 25,000.00

Rent
2020
Initial Payment 240,000.00
Advance Payment 1,000,000.00
Total Payment 1,240,000.00
Less : Total Rent Expense 960,000.00
Total Prepaid Rent (Rent Payable) 280,000.00

Supplies Expense
Quantity Cost/Unit 2020
Sanitary Wares 2 4,059.00 8,118.00
Male Urinal 2 2,750.00 5,500.00
Liquid Soap Dispenser 2 700.00 1,400.00
Sponges 60 5.00 300.00
Fire Extinguisher 2 1,250.00 2,500.00
Total Supplies 17,818.00

Dep
Quantity Cost/Unit Total Useful Annual
Amount Life (Years) 2020
Computer Set 2 32,500.00 65,000.00 5 13,000.00
Filing Cabinet 1 5,995.00 5,995.00 5 1,199.00
Office Table 2 1,500.00 3,000.00 5 600.00
Office Chair 2 1,200.00 2,400.00 5 480.00
Cork Board 1 520.25 520.25 5 104.05
Water Dispenser 1 3,500.00 3,500.00 5 700.00
Total 80,415.25 5 16083.05

Deprec
 Quantity Cost/Unit Total Useful Annual
Amount Life (Years) 2020
Hand Drill 2 2,395.00 4,790.00 5 958.00
Rock Well Blade 2 6,676.00 13,352.00 5 2,670.40
Chisel 2 500.00 1,000.00 5 200.00
Hammer 3 377.58 1,132.74 5 226.55
Hand Wood Planer 1 1,550.00 1,550.00 5 310.00
Jack Drill 1 2,500.00 2,500.00 5 500.00
Sander Machine 1 6,000.00 6,000.00 5 1,200.00
Jigsaw Machine 1 8,000.00 8,000.00 5 1,600.00
Hand Planer Long 1 37,500.00 37,500.00 5 7,500.00
Tacker Gun 2 676.20 1,352.40 2 676.20
Total 77,177.14 5 15841.15

Depre
Quantity Cost/Unit Total Useful Annual
Amount Life (Years) 2020
Exhaust Fan 4 676.00 2,704.00 5 540.80
Air Condition 1 12,000.00 12,000.00 5 2,400.00
Ventilator Fan 2 15,490.25 30,980.50 5 6,196.10
Total 45,684.50 5 9136.90

Depr
Quantity Cost/Unit Total Useful Annual
Amount Life (Years) 2020
Delivery Truck 1 640,000.00 640,000.00 10 64,000.00

Tax Provision (30%)

Tax Rate 2020
Sales Revenue For The Year :
2020 55,124.99 30% 16,537.50
2021 166,134.08 30%
2022 336,663.01 30%
2023 520,133.37 30%
2024 707,652.25 30%
Total Tax Provision per Year 16,537.50
Less : Quarter-End Tax Provision 4,134.37
Tax Provision Expense 12,403.12

Capital Contribution License

Partners : Amount
Elizaga, Sherra Q., Capital 1,250,000.00
Idusora, Resty, Capital 1,250,000.00
Ignacio, Elaiza Joy, Capital 1,250,000.00
John Ocsan Anod, Capital 1,250,000.00 SEC Registration
Laminero, Marc Reyvin, Capital 1,250,000.00 Barangay Permit
Magallano, Dindo, Capital 1,250,000.00 Community tax Certificate
Navarro, Kenneth, Capital 1,250,000.00 Sanitary Permit
Total Capital Contribution 8,750,000.00 Garbage Fee
Signboard Fee
Fire Safety Inspection Fee
BIR Registration
BIR Certification
BIR Documentary Stamp
Mayor's Permit
Training Cost

Total

La Musa Furnish
Total Projected Cost
Capital Contribution 1250000

Material Purchases
Direct Labor
MOH
Salaries Expense
SSS & PhilHealth Expense
Withholding Tax Expense
Research and Development Expense
Advertising Expense
Painting Expense
Rent Expense
Utilities Expense
Professional Fees
Licenses And Permits
Supplies Expense
Depreciation Expense - Office Equipments
Depreciation Expense - Warehouse Equipments
Depreciation Expense - Ventilation Equipments
Depreciation Expense - Delivery Equipments
Total Projected Cost

Cash beginning
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 700.00
2.00 7.50
2.00 27.50
2.00 87.50
2.00 112.50
2.00 750.00
2.00 1,000.00
2.00 150.00
2,835.00

0.25 8.00 635.68 Direct Labor

0.25 8.00 330.34
0.25 8.00 823.01
0.25 8.00 332.71
0.25 8.00 635.68
2,757.41

0.25 8.00 890.63 Overhead

0.25 8.00 1,875.00
2,765.63
8,358.04
170% Total Product Cost
14,208.66 Mark-Up
Selling Price

Selling Number of Total Yearly Sales

2024 Price Months 2020 2021 2022
49 14,208.66 12 568,346.55 596,763.88 626,602.07
40 26,384.91 12 870,702.15 914,237.26 959,949.12
46 25,713.41 12 977,109.72 1,025,965.21 1,077,263.47
33 22,198.66 12 599,363.92 629,332.12 660,798.72
43 23,378.04 12 818,231.36 859,142.92 902,100.07
38 18,842.44 12 584,115.60 613,321.38 643,987.45
47 15,815.13 12 616,790.06 647,629.56 680,011.04
49 16,097.77 12 643,910.87 676,106.41 709,911.73
344 5,678,570.24 5,962,498.75 6,260,623.68
 Purchases - 5% Increase
Monthly Number of Total Yearly Purchases
2024 Production Months 2020 2021 2022
3,445.96 4 12 136,080.00 142,884.00 150,028.20
12,152.02 4 12 479,880.00 503,874.00 529,067.70
11,671.90 4 12 460,920.00 483,966.00 508,164.30
9,158.84 4 12 361,680.00 379,764.00 398,752.20
10,002.10 4 12 394,980.00 414,729.00 435,465.45
6,759.13 4 12 266,916.00 280,261.80 294,274.89
4,594.59 4 12 181,439.04 190,510.99 200,036.54
4,796.68 4 12 189,419.52 198,890.50 208,835.02
2,471,314.56 2,594,880.29 2,724,624.30

Materials Ending Inventory - Worth 2 Weeks

Weekly Number of Total Materials Ending Inventory
Production Weeks 2020 2021 2022
3,445.96 1 2 5,670.00 5,953.50 6,251.18
12,152.02 1 2 19,995.00 20,994.75 22,044.49
11,671.90 1 2 19,205.00 20,165.25 21,173.51
9,158.84 1 2 15,070.00 15,823.50 16,614.68
10,002.10 1 2 16,457.50 17,280.38 18,144.39
6,759.13 1 2 11,121.50 11,677.58 12,261.45
4,594.59 1 2 7,559.96 7,937.96 8,334.86
4,796.68 1 2 7,892.48 8,287.10 8,701.46
102,971.44 108,120.01 113,526.01

Direct Labor Cost

SSS EC PhilHealth
ER EE Total ER PS EM
353.30 166.70 520.00 10.00 62.50 62.50
353.30 166.70 520.00 10.00 62.50 62.50
494.70 233.70 728.40 10.00 87.50 87.50
671.30 316.70 988.00 10.00 112.50 112.50
353.30 166.70 520.00 10.00 62.50 62.50
2,225.90 1,050.50 3,276.40 50.00 387.50 387.50

Indirect Labor Cost

SSS EC PhilHealth
ER EE Total ER PS EM
1,060.00 500.00 1,560.00 30.00 250.00 250.00
1,060.00 500.00 1,560.00 30.00 187.50 187.50
1,060.00 500.00 1,560.00 30.00 187.50 187.50
1,060.00 500.00 1,560.00 30.00 187.50 187.50
820.00 350.00 1,170.00 20.00 138.50 138.50
 671.30 316.70 988.00 10.00 112.50 112.50
671.30 316.70 988.00 10.00 112.50 112.50
671.30 316.70 988.00 10.00 112.50 112.50
7,073.90 3,300.10 10,374.00 170.00 1,288.50 1,288.50

verhead
Yearly Amount
2021 2022 2023 2024
Direct Materials Used
11,250.00 11,250.00 11,250.00 11,250.00 Direct Labor
15,000.00 15,000.00 15,000.00 15,000.00 Manufacturing Overhead
2,250.00 2,250.00 2,250.00 2,250.00 Total Cost of goods Available For Sale
28,500.00 28,500.00 28,500.00 28,500.00 Ending Inventory Rate
60,000.00 60,000.00 60,000.00 60,000.00 Finished Goods Ending Inventory
88,500.00 88,500.00 88,500.00 88,500.00

ery Income
Yearly Amount
2021 2022 2023 2024
Manager
Finance Head
74,287.50 Operations Head
78,001.88 Marketing Head
81,901.97 Quality Control Supervisor
85,997.07 Salesperson
74,287.50 78,001.88 81,901.97 85,997.07 Helpers/Delivery
Security Guard
Total

Contribution
2021 2022 2023 2024
750.00 750.00 750.00 750.00 Manager
687.50 687.50 687.50 687.50 Finance Head
687.50 687.50 687.50 687.50 Operations Head
687.50 687.50 687.50 687.50 Marketing Head
488.50 488.50 488.50 488.50 Quality Control Supervisor
429.20 429.20 429.20 429.20 Salesperson
429.20 429.20 429.20 429.20 Helpers/Delivery
429.20 429.20 429.20 429.20 Security Guard
4,588.60 4,588.60 4,588.60 4,588.60 Total
12 12 12 12 Number of Months
55,063.20 55,063.20 55,063.20 55,063.20 Total Yearly Expense
4,588.60 4,588.60 4,588.60 4,588.60 Less : Year-End Withholding Tax Payab
50,474.60 50,474.60 50,474.60 50,474.60 Total Withholding Tax Expense
ment Expense
2021 2022 2023 2024
5,000.00 5,000.00 5,000.00 5,000.00 Tarpaulin
20,000.00 20,000.00 20,000.00 20,000.00 Leaflets
25,000.00 25,000.00 25,000.00 25,000.00 Business Card
Showroom Rental
Showroom Electricity
2021 2022 2023 2024 Showroom Water
Facebook Boost
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 Total Advertising Expense
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
960,000.00 960,000.00 960,000.00 960,000.00
40,000.00 40,000.00 40,000.00 40,000.00
Monthly Utilities Expense
nse Number of Months
2021 2022 2023 2024 Yearly Utilities Expense
Less : Year-End Utilities Payable
Total Utilities Expense

300.00 300.00 300.00 300.00

2,500.00 2,500.00
300.00 2,800.00 300.00 2,800.00 Drawings
Drawings
Drawings
Drawings
Drawings
Drawings
Drawings
Total Drawings

Depreciation Expense - Office Equipments

Annual Depreciation
2021 2022 2023 2024 2020
13,000.00 13,000.00 13,000.00 13,000.00 52,000.00
1,199.00 1,199.00 1,199.00 1,199.00 4,796.00
600.00 600.00 600.00 600.00 2,400.00
480.00 480.00 480.00 480.00 1,920.00
104.05 104.05 104.05 104.05 416.20
700.00 700.00 700.00 700.00 2,800.00
16083.05 16083.05 16083.05 16083.05 64,332.20

Depreciation Expense - Warehouse Equipments

 Annual Depreciation
2021 2022 2023 2024 2020
958.00 958.00 958.00 958.00 3,832.00
2,670.40 2,670.40 2,670.40 2,670.40 10,681.60
200.00 200.00 200.00 200.00 800.00
226.55 226.55 226.55 226.55 906.19
310.00 310.00 310.00 310.00 1,240.00
500.00 500.00 500.00 500.00 2,000.00
1,200.00 1,200.00 1,200.00 1,200.00 4,800.00
1,600.00 1,600.00 1,600.00 1,600.00 6,400.00
7,500.00 7,500.00 7,500.00 7,500.00 30,000.00
676.20 676.20
15841.15 15164.95 15164.95 15164.95 61,335.99

Depreciation Expense - Ventilation Equipments

Annual Depreciation
2021 2022 2023 2024 2020
540.80 540.80 540.80 540.80 2,163.20
2,400.00 2,400.00 2,400.00 2,400.00 9,600.00
6,196.10 6,196.10 6,196.10 6,196.10 24,784.40
9136.90 9136.90 9136.90 9136.90 36,547.60

Depreciation Expense - Delivery Equipments

Annual Depreciation
2021 2022 2023 2024 2020
64,000.00 64,000.00 64,000.00 64,000.00 576,000.00

30%) Qua
2021 2022 2023 2024 2020

4 4,134.37
49,840.22 4
100,998.90 4
156,040.01 4
212,295.67 4
49,840.22 100,998.90 156,040.01 212,295.67 4,134.37
12,460.06 25,249.73 39,010.00 53,073.92
37,380.17 75,749.18 117,030.01 159,221.76

Licenses And Permits

2020 2021 2022 2023

2,184.67
 500.00 500.00 500.00 500.00
munity tax Certificate 500.00 - -
90.00 90.00 90.00 90.00
1,200.00 1,200.00 1,200.00 1,200.00
200.00
afety Inspection Fee 649.00
100.00
500.00 500.00 500.00 500.00
ocumentary Stamp 15.00
4,265.00 500.00 500.00 500.00
20,000.00

30,203.67 2,790.00 2,790.00 2,790.00

La Musa Furnish
Total Projected Cost
7 8750000
Cost
2,471,314.56
621,312.00
88,500.00
1,490,563.75
50,474.60
144,331.00
25,000.00
43,600.00
800.00
960,000.00
418,000.00
40,000.00
30,203.67
17,818.00
80,415.25
77,177.14
45,684.50
640,000.00
7,245,194.47

1,504,805.53
 Regine Dining Set
Quantity Cost/Unit

Banana Fiber (per 10 Feet) 80.00 20.00

Narra Wood (per 6 Feet) 1.00 8,000.00
Narra Wood (per 4 Feet) 3.00 3,000.00
Epoxy (Small Can 4 Feet) 1.00 75.00
Nails (1.5 Size) 0.50 80.00
Nails (2 Size) 1.00 90.00
Varnish 2.00 450.00
Thinner 1.00 180.00
Tackers (5000pcs/pack) 1.00 110.00
Total

Carpenter 2.00 10,170.80

Assembly Man 1.00 10,570.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total

Utillities 0.75 38,000.00

Rent 0.75 80,000.00
Total

(100% + 70%)

2023 2024
657,932.17 690,828.78
1,007,946.58 1,058,343.91
1,131,126.64 1,187,682.97
693,838.66 728,530.59
947,205.07 994,565.33
676,186.82 709,996.16
714,011.59 749,712.17
745,407.32 782,677.69
6,573,654.87 6,902,337.61
early Purchases
2023 2024
157,529.61 165,406.09
555,521.09 583,297.14
533,572.52 560,251.14
418,689.81 439,624.30
457,238.72 480,100.66
308,988.63 324,438.07
210,038.37 220,540.29
219,276.77 230,240.61
2,860,855.52 3,003,898.29

als Ending Inventory

2023 2024
6,563.73 6,891.92
23,146.71 24,304.05
22,232.19 23,343.80
17,445.41 18,317.68
19,051.61 20,004.19
12,874.53 13,518.25
8,751.60 9,189.18
9,136.53 9,593.36
119,202.31 125,162.43

st
hilHealth Total Total Monthly Number Yearly
Total WTP Deduction Net Salary of Months Net Salary
125.00 655.00 229.20 10,170.80 12 122,049.60
125.00 655.00 229.20 10,570.80 12 126,849.60
175.00 913.40 321.20 8,778.80 12 105,345.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
125.00 655.00 229.20 10,170.80 12 122,049.60
775.00 4,101.40 1,438.00 50,338.00 12 604,056.00

hilHealth Total Total Monthly Number Yearly

Total WTP Deduction Net Salary of Months Net Salary
500.00 2,090.00 750.00 19,250.00 12 231,000.00
375.00 1,965.00 687.50 7,389.42 12 88,673.08
375.00 1,965.00 687.50 14,312.50 12 171,750.00
375.00 1,965.00 687.50 7,389.42 12 88,673.08
277.00 1,467.00 488.50 11,991.50 12 143,898.00
 225.00 1,223.00 429.20 10,646.80 12 127,761.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
225.00 1,223.00 429.20 10,646.80 12 127,761.60
2,577.00 13,121.00 4,588.60 92,273.25 12 1,107,278.95

Finished Goods Ending Inventory

Yearly Amount
2020 2021 2022 2023 2024
aterials Used 2,368,343.12 2,589,731.72 2,719,218.30 2,855,179.22 2,997,938.18
621,312.00 621,312.00 621,312.00 621,312.00 621,312.00
turing Overhead 88,500.00 88,500.00 88,500.00 88,500.00 88,500.00
t of goods Available For Sale 3,078,155.12 3,299,543.72 3,429,030.30 3,564,991.22 3,707,750.18
ventory Rate 10% 8% 6% 4% 2%
Goods Ending Inventory 307,815.51 263,963.50 205,741.82 142,599.65 74,155.00

Salaries Expense
Total Net Indirect Labor Cost
2020 2021 2022 2023 2024
231,000.00 231,000.00 231,000.00 231,000.00 231,000.00
88,673.08 88,673.08 88,673.08 88,673.08 88,673.08
171,750.00 171,750.00 171,750.00 171,750.00 171,750.00
88,673.08 88,673.08 88,673.08 88,673.08 88,673.08
ontrol Supervisor 143,898.00 143,898.00 143,898.00 143,898.00 143,898.00
383,284.80 383,284.80 383,284.80 383,284.80 383,284.80
255,523.20 255,523.20 255,523.20 255,523.20 255,523.20
127,761.60 127,761.60 127,761.60 127,761.60 127,761.60
1,490,563.75 1,490,563.75 1,490,563.75 1,490,563.75 1,490,563.75

Withholding Tax
2020 2021 2022 2023 2024
2,090.00 2,090.00 2,090.00 2,090.00 2,090.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
1,965.00 1,965.00 1,965.00 1,965.00 1,965.00
ontrol Supervisor 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
1,223.00 1,223.00 1,223.00 1,223.00 1,223.00
13,121.00 13,121.00 13,121.00 13,121.00 13,121.00
12 12 12 12 12
157,452.00 157,452.00 157,452.00 157,452.00 157,452.00
r-End Withholding Tax Payable 13,121.00 13,121.00 13,121.00 13,121.00 13,121.00
hholding Tax Expense 144,331.00 144,331.00 144,331.00 144,331.00 144,331.00
 Advertising Expense
2020 2021 2022 2023 2024
600.00 600.00 600.00 600.00 600.00
1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
m Electricity 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
ertising Expense 43,600.00 43,600.00 43,600.00 43,600.00 43,600.00

Utilities
2020 2021 2022 2023 2024
Utilities Expense 38,000.00 38,000.00 38,000.00 38,000.00 38,000.00
12 12 12 12 12
tilities Expense 456,000.00 456,000.00 456,000.00 456,000.00 456,000.00
r-End Utilities Payable 38,000.00 38,000.00 38,000.00 38,000.00 38,000.00
ities Expense 418,000.00 418,000.00 418,000.00 418,000.00 418,000.00

Drawings
2020 2021 2022 2023 2024
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
700,000.00 700,000.00 700,000.00 700,000.00

Carrying Value
2021 2022 2023 2024
39,000.00 26,000.00 13,000.00 -
3,597.00 2,398.00 1,199.00 -
1,800.00 1,200.00 600.00 -
1,440.00 960.00 480.00 -
312.15 208.10 104.05 -
2,100.00 1,400.00 700.00 -
48,249.15 32,166.10 16,083.05 -
 Carrying Value
2021 2022 2023 2024
2,874.00 1,916.00 958.00 -
8,011.20 5,340.80 2,670.40 -
600.00 400.00 200.00 -
679.64 453.10 226.55 -
930.00 620.00 310.00 -
1,500.00 1,000.00 500.00 -
3,600.00 2,400.00 1,200.00 -
4,800.00 3,200.00 1,600.00 -
22,500.00 15,000.00 7,500.00 -
- - - -
45,494.84 30,329.90 15,164.95 -

Carrying Value
2021 2022 2023 2024
1,622.40 1,081.60 540.80 -
7,200.00 4,800.00 2,400.00 -
18,588.30 12,392.20 6,196.10 -
27,410.70 18,273.80 9,136.90 -

Carrying Value
2021 2022 2023 2024
512,000.00 448,000.00 384,000.00 320,000.00

Quarter-End Tax Provision

2021 2022 2023 2024

12,460.06
25,249.73
39,010.00
53,073.92
12,460.06 25,249.73 39,010.00 53,073.92

2024
 500.00
-
90.00
1,200.00

500.00

500.00

2,790.00
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 800.00 Banana Fiber (per 10 Feet)
2.00 4,000.00 Mattress
2.00 4,500.00 Oakwood 2x2x8
2.00 37.50 Oakwood 2x3x10
2.00 20.00 Oakwood 2x8x10
2.00 45.00 Nails (4' Size)
2.00 450.00 Varnish
2.00 90.00 Total
2.00 55.00 Direct Labor
9,997.50 Carpenter
Assembly Man
0.25 8.00 635.68 Strippers and Weavers
0.25 8.00 330.34 Draftsman/AUTO CAD Operaor
0.25 8.00 823.01 Polish Men/Varnisher
0.25 8.00 332.71 Total
0.25 8.00 635.68 Overhead
2,757.41 Utillities
Rent
0.25 8.00 890.63 Total
0.25 8.00 1,875.00 Total Product Cost
2,765.63 Mark-Up (100% + 70%)
15,520.54 Selling Price
170%
26,384.91
Total Yearly Total
Net Salary Salary
244,099.20 124,800.00
126,849.60 129,600.00
316,036.80 109,200.00
127,761.60 132,912.00
244,099.20 124,800.00
1,058,846.40 621,312.00

Total Yearly Total

Net Salary Salary
231,000.00 240000.00
88,673.08 96923.08
171,750.00 180000.00
88,673.08 96923.08
143,898.00 149760.00
 383,284.80 132912.00
255,523.20 132912.00
127,761.60 132912.00
1,490,563.75 1,162,342.15
 Pandolfo
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

r (per 10 Feet) 140.00 20.00 2.00 1,400.00

1.00 7,950.00 2.00 3,975.00
3.00 400.00 2.00 600.00
2.00 810.00 2.00 810.00
2.00 2,130.00 2.00 2,130.00
1.00 25.00 2.00 12.50
3.00 450.00 2.00 675.00
9,602.50

2.00 10,170.80 0.25 8.00 635.68

1.00 10,570.80 0.25 8.00 330.34
3.00 8,778.80 0.25 8.00 823.01
AUTO CAD Operaor 1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,757.41

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
15,125.54
170%
25,713.41
 Moon Bed
Quantity Cost/Unit

Direct Materials
Banana Fiber (per 10 Feet) 100.00 20.00
Cushion 1.00 7,950.00
Nail (4' Size) 1.00 50.00
Mahogany Wood 2x2x8 4.00 115.00
Mahogany Wood 2x4x10 14.00 265.00
Varnish 2.00 450.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,570.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 1,000.00 Banana Fiber (per 10 Feet)
2.00 3,975.00 Narra Wood
2.00 25.00 Narra Wood
2.00 230.00 Tackers
2.00 1,855.00 Nails (1.5 Size)
2.00 450.00 Nails (2 Size)
7,535.00 Epoxy
Varnish
0.25 8.00 635.68 Thinner
0.25 8.00 330.34 Total
0.25 8.00 823.01 Direct Labor
0.25 8.00 332.71 Carpenter
0.25 8.00 635.68 Assembly Man
2,757.41 Strippers and Weavers
Draftsman/AUTO CAD Operaor
0.25 8.00 890.63 Polish Men/Varnisher
0.25 8.00 1,875.00 Total
2,765.63 Overhead
13,058.04 Utillities
170% Rent
22,198.66 Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
 Arkansas
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

r (per 10 Feet) 80.00 20.00 2.00 800.00

1.00 6,000.00 2.00 3,000.00
2.00 4,000.00 2.00 4,000.00
1.00 110.00 2.00 55.00
0.25 80.00 2.00 10.00
0.25 90.00 2.00 11.25
1.00 75.00 2.00 37.50
1.00 450.00 2.00 225.00
1.00 180.00 2.00 90.00
8,228.75

2.00 10,170.80 0.25 8.00 635.68

1.00 10,570.80 0.25 8.00 330.34
3.00 8,778.80 0.25 8.00 823.01
AUTO CAD Operaor 1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,757.41

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
13,751.79
170%
23,378.04
 Alabama
Quantity Cost/Unit

Direct Materials
Banana Fiber (per 10 Feet) 50.00 20.00
Narra Wood (per 6 Feet) 1.00 6,000.00
Narra Wood (per 2 Feet) 4.00 816.00
Epoxy (Small Can 4 Feet) 1.00 75.00
Nails (1.5 Size) 0.25 80.00
Nails (2 Size) 0.25 90.00
Varnish 1.00 450.00
Thinner 1.00 180.00
Tackers (5000pcs/pack) 1.00 110.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,570.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)
Direct Materials
2.00 500.00 Banana Fiber (per 10 Feet)
2.00 3,000.00 Plywood
2.00 1,632.00 Nails (1.5 Size)
2.00 37.50 Varnish
2.00 10.00 Foam
2.00 11.25 Pillows
2.00 225.00 Tackers (5000pcs/pack)
2.00 90.00 Total
2.00 55.00 Direct Labor
5,560.75 Carpenter
Assembly Man
0.25 8.00 635.68 Strippers and Weavers
0.25 8.00 330.34 Draftsman/AUTO CAD Operaor
0.25 8.00 823.01 Polish Men/Varnisher
0.25 8.00 332.71 Total
0.25 8.00 635.68 Overhead
2,757.41 Utillities
Rent
0.25 8.00 890.63 Total
0.25 8.00 1,875.00 Total Product Cost
2,765.63 Mark-Up (100% + 70%)
11,083.79 Selling Price
170%
18,842.44
 Dakota
Quantity Cost/Unit Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

r (per 10 Feet) 150.00 20.00 2.00 1,500.00

4.00 838.74 2.00 1,677.48
0.25 60.00 2.00 7.50
1.00 450.00 2.00 225.00
1.00 180.00 2.00 90.00
6.00 75.00 2.00 225.00
1.00 110.00 2.00 55.00
3,779.98

2.00 10,170.80 0.25 8.00 635.68

1.00 10,570.80 0.25 8.00 330.34
3.00 8,778.80 0.25 8.00 823.01
AUTO CAD Operaor 1.00 10,646.80 0.25 8.00 332.71
2.00 10,170.80 0.25 8.00 635.68
2,757.41

0.75 38,000.00 0.25 8.00 890.63

0.75 80,000.00 0.25 8.00 1,875.00
2,765.63
9,303.02
170%
15,815.13
 Hot Base
Quantity Cost/Unit

Direct Materials
Banana Fiber (per 10 Feet) 150.00 20.00
Plywood 2.00 838.74
Metal Base 4.00 110.00
Nails (1.5 Size) 0.50 80.00
Foam 1.00 2,000.00
Varnish 1.00 450.00
Sealwood 0.50 350.00
Tackers (5000pcs/pack) 1.00 110.00
Total
Direct Labor
Carpenter 2.00 10,170.80
Assembly Man 1.00 10,570.80
Strippers and Weavers 3.00 8,778.80
Draftsman/AUTO CAD Operaor 1.00 10,646.80
Polish Men/Varnisher 2.00 10,170.80
Total
Overhead
Utillities 0.75 38,000.00
Rent 0.75 80,000.00
Total
Total Product Cost
Mark-Up (100% + 70%)
Selling Price
Produced Date of Share Total Cost
Units Completion Per Product
(Monthly) (8 Products)

2.00 1,500.00
2.00 838.74
2.00 220.00
2.00 20.00
2.00 1,000.00
2.00 225.00
2.00 87.50
2.00 55.00
3,946.24

0.25 8.00 635.68

0.25 8.00 330.34
0.25 8.00 823.01
0.25 8.00 332.71
0.25 8.00 635.68
2,757.41

0.25 8.00 890.63

0.25 8.00 1,875.00
2,765.63
9,469.28
170%
16,097.77
 La Musa Furnish

2020
Sales Revenue 5,678,570.24
Less : Cost of Sales
Direct Materials
Materials, Beginning Inventory -
Add : Materials Purchases 1 2,471,314.56
Materials Available For Use 2,471,314.56
Less : Materials, Ending Inventory 2 102,971.44
Materials Used 2,368,343.12
Add : Direct Labor 3 621,312.00
Add : Manufacturing Overhead 4 88,500.00
Total Manufacturing Cost 3,078,155.12
Add : Finished Goods Inventory, Beginning
Cost of Goods Available For Sale 3,078,155.12
Less : Finished Goods Inventory, Ending 5 307,815.51
Cost of Goods Manufactured And Sold 2,770,339.61
Gross Profit 3,310,227.12
Other Income 6 70,750.00
Less : Expenses
Salaries Expense 7 1,490,563.75
SSS & PhilHealth Expense 8 50,474.60
Withholding Tax Expense 9 144,331.00
Research and Development Expense 10 25,000.00
Advertising Expense 11 43,600.00
Painting Expense 800.00
Rent Expense 12 960,000.00
Utilities Expense 13 418,000.00
Professional Fees 40,000.00
Licenses And Permits 14 30,203.67
Supplies Expense 15 17,818.00
Depreciation Exp. - Office Equipment 16 16,083.05
Depreciation Exp. - Warehouse Equip. 17 15,841.15
Depreciation Exp. - Ventilation Equip. 18 9,136.90
Depreciation Exp. - Delivery Equipment 19 64,000.00
Total Expenses 3,325,852.12
Income 55,124.99
Tax Provision Rate (30%) 20 12,403.12
Net Income 42,721.87
 La Musa Furnish
Income Statement
For The Years:

2021 2022 2023 2024

5,962,498.75 6,260,623.68 6,573,654.87 6,902,337.61

102,971.44 108,120.01 113,526.01 119,202.31

2,594,880.29 2,724,624.30 2,860,855.52 3,003,898.29
2,697,851.73 2,832,744.31 2,974,381.53 3,123,100.61
108,120.01 113,526.01 119,202.31 125,162.43
2,589,731.72 2,719,218.30 2,855,179.22 2,997,938.18
621,312.00 621,312.00 621,312.00 621,312.00
88,500.00 88,500.00 88,500.00 88,500.00
3,299,543.72 3,429,030.30 3,564,991.22 3,707,750.18
307,815.51 263,963.50 205,741.82 142,599.65
3,607,359.23 3,692,993.80 3,770,733.03 3,850,349.83
263,963.50 205,741.82 142,599.65 74,155.00
3,343,395.73 3,487,251.98 3,628,133.39 3,776,194.82
3,372,767.03 3,541,405.38 3,718,475.65 3,904,399.43
74,287.50 78,001.88 81,901.97 85,997.07

1,490,563.75 1,490,563.75 1,490,563.75 1,490,563.75

50,474.60 50,474.60 50,474.60 50,474.60
144,331.00 144,331.00 144,331.00 144,331.00
25,000.00 25,000.00 25,000.00 25,000.00
43,600.00 43,600.00 43,600.00 43,600.00
800.00 800.00 800.00 800.00
960,000.00 960,000.00 960,000.00 960,000.00
418,000.00 418,000.00 418,000.00 418,000.00
40,000.00 40,000.00 40,000.00 40,000.00
2,790.00 2,790.00 2,790.00 2,790.00
300.00 2,800.00 300.00 2,800.00
16,083.05 16,083.05 16,083.05 16,083.05
15,841.15 15,164.95 15,164.95 15,164.95
9,136.90 9,136.90 9,136.90 9,136.90
64,000.00 64,000.00 64,000.00 64,000.00
3,280,920.45 3,282,744.25 3,280,244.25 3,282,744.25
166,134.08 336,663.01 520,133.37 707,652.25
37,380.17 75,749.18 117,030.01 159,221.76
128,753.91 260,913.83 403,103.36 548,430.49
 La MusaFurnish
Statement of Partner's Equity
For The Years

2020 2021
Sherra Q. Elizaga
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
Resty Idusora
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
John Ocsan Anod
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
Elaiza Joy Ignacio
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
Marc Reyvin Laminero
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
Dindo Magallano
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
Kenneth Navarro
Beginning Capital 1,256,103.12
Capital Contribution 1,250,000.00
Share in Net Income(Loss) 6,103.12 18,393.42
Total 1,256,103.12 1,274,496.54
Drawings - 100,000.00
Ending Capital 1,256,103.12 1,174,496.54
 La MusaFurnish
of Partner's Equity
or The Years

2022 2023 2024

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
 100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14

37,273.40 57,586.19 78,347.21

1,211,769.94 1,169,356.14 1,147,703.35
100,000.00 100,000.00 100,000.00
1,111,769.94 1,069,356.14 1,047,703.35
 2020
Assets :
Current Assets :
Cash 7,423,563.10
Materials Inventory 102,971.44
Finished Goods Inventory 307,815.51
Prepaid Rent 280,000.00
Total Current Assets 8,114,350.05
Non-Current Assets :
Office Equipments 80,415.25
Accumulated Depreciation - Office Equip. (16,083.05)
Warehouse Equipments 77,177.14
Accumulated Depreciation - Warehouse Equip. -15841.15
Ventilation Equipments 45,684.50
Accumulated Depreciation - Ventilation Equip. -9136.9
Delivery Equipment 640,000.00
Accumulated Depreciation - Delivery Equip. (64,000.00)
Total Non-Current Assets 738,215.79

Total Assets 8,852,565.84

Liabilities :
Current Liabilities :
SSS, PhilHealth Payable 4,588.60
Withholding Tax Payable 13,121.00
Utilities Payable 38,000.00
Tax Provision 4,134.37
Total Current Liabilities 59,843.97
Total Liabilities 59,843.97

Capital :
Capital, Sherra Q. Elizaga 1,256,103.12
Capital, Resty Idusora 1,256,103.12
Capital, Elaiza Joy Ignacio 1,256,103.12
Capital, Marc Reyvin Laminero 1,256,103.12
Capital, Dindo Magallano 1,256,103.12
Capital, John Ocsan Anod 1,256,103.12
Capital, Kenneth Navarro 1,256,103.12
Total Capital 8,792,721.87

Total Liabilities And Capital 8,852,565.84

 La Musa Furnish
Statement of Financial Position
For The Years:

2021 2022 2023 2024

7,244,407.23 6,975,311.31 6,854,025.71 6,883,389.55

108,120.01 113,526.01 119,202.31 125,162.43
263,963.50 205,741.82 142,599.65 74,155.00
40,000.00 40,000.00 40,000.00 40,000.00
7,656,490.74 7,334,579.14 7,155,827.68 7,122,706.98

80,415.25 80,415.25 80,415.25 80,415.25

-32166.1 -48249.15 -64332.2 -80415.25
77,177.14 77,177.14 77,177.14 77,177.14
-31682.296 -46847.24 -62012.19 -77177.14
45,684.50 45,684.50 45,684.50 45,684.50
-18273.8 -27410.7 -36547.6 -45684.5
640,000.00 640,000.00 640,000.00 640,000.00
(128,000.00) (192,000.00) (256,000.00) (320,000.00)
633,154.69 528,769.80 424,384.90 320,000.00

8,289,645.44 7,863,348.94 7,580,212.57 7,442,706.98

4,588.60 4,588.60 4,588.60 4,588.60

13,121.00 13,121.00 13,121.00 13,121.00
38,000.00 38,000.00 38,000.00 38,000.00
12,460.06 25,249.73 39,010.00 53,073.92
68,169.66 80,959.33 94,719.60 108,783.52
68,169.66 80,959.33 94,719.60 108,783.52

1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35

1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
1,174,496.54 1,111,769.94 1,069,356.14 1,047,703.35
8,221,475.78 7,782,389.61 7,485,492.97 7,333,923.46

8,289,645.44 7,863,348.94 7,580,212.57 7,442,706.98

 La Musa Furnish
Statement of Cash Flow
For The Years

2020 2021
Net Income 42,721.87 128,753.91

Operating Activities :
Depreciation - Office Equipment 16,083.05 16,083.05
Depreciation - Warehouse Equipment 15,841.15 15,841.15
Depreciation - Ventilation Equipment 9,136.90 9,136.90
Depreciation - Delivery Equipment 64,000.00 64,000.00
(Increase)Decrease in Materials Inventory (102,971.44) (5,148.57)
(Increase)Decrease in Finished Goods Inventory (307,815.51) 43,852.01
(Increase)Decrease in Prepaid Rent (280,000.00) 240,000.00
Increase(Decrease) in SSS & PhilHealth Payable 4,588.60 -
Increase(Decrease) in Withholding Tax Payable 13,121.00 -
Increase(Decrease) in Utilities Payable 38,000.00 -
Increase(Decrease) in Tax provision 4,134.37 8,325.68
Net Cash Provided by Operating Activities (483,160.01) 520,844.13

Investing Activities :
Acquisition of Office Equipment 80,415.25
Acquisition of Warehouse Equipment 77,177.14
Acquisition of Ventilation Equipment 45,684.50
Acquisition of Delivery Equipment 640,000.00
Net Cash Provided by Investing Activities (843,276.89) -

Financing Activities :
Cash Contribution 8,750,000.00
Net Cash Provided by Financing Activities 8,750,000.00

Total Cash Inflow(Outflow) 7,423,563.10 520,844.13

Add : Cash, Beginning Balance 7,423,563.10
Less : Drawings - (700,000.00)
Cash, Ending Balance 7,423,563.10 7,244,407.23
 2022 2023 2024
260,913.83 403,103.36 548,430.49

16,083.05 16,083.05 16,083.05

15,164.95 15,164.95 15,164.95
9,136.90 9,136.90 9,136.90
64,000.00 64,000.00 64,000.00
(5,406.00) (5,676.30) (5,960.12)
58,221.68 63,142.17 68,444.65
- - -
- - -
- - -
- - -
12,789.67 13,760.28 14,063.92
430,904.08 578,714.40 729,363.84

- - -

430,904.08 578,714.40 729,363.84

7,244,407.23 6,975,311.31 6,854,025.71
(700,000.00) (700,000.00) (700,000.00)
6,975,311.31 6,854,025.71 6,883,389.55
 LIQUIDITY RATIO

2020 2021 2022 2023

Current Assets 8,114,350.05 7,656,490.74 7,334,579.14 7,155,827.68

Current Liabilities 59,843.97 68,169.66 80,959.33 94,719.60
Net Working Capital 8,054,506.08 7,588,321.09 7,253,619.81 7,061,108.07

Current Assets 8,114,350.05 7,656,490.74 7,334,579.14 7,155,827.68

Current Liabilities 59,843.97 68,169.66 80,959.33 94,719.60
Current Asset Ratio 135.59 112.32 90.60 75.55

Current Assets 8,114,350.05 7,656,490.74 7,334,579.14 7,155,827.68

Inventory 410,786.95 372,083.51 319,267.83 261,801.96
Prepaid Rent 280,000.00 40,000.00 40,000.00 40,000.00
Quick Assets 7,423,563.10 7,244,407.23 6,975,311.31 6,854,025.71
Current Liabilities 59,843.97 68,169.66 80,959.33 94,719.60
Quick Assets Ratio 124.05 106.27 86.16 72.36
 ASSET MANAGEMENT RATIO

2024 2020 2021

7,122,706.98 Cost of Sales 2,770,339.61 3,343,395.73

108,783.52 Average Inventory 307,815.51 285,889.50
7,013,923.46 Inventory Turnover 9.00 11.69

7,122,706.98 Number of Days in a Year 360.00 360.00

108,783.52 Inventory Turnover 9.00 11.69
65.48 Number of Days in Inventory 40.00 30.78

7,122,706.98 Sales 5,678,570.24 5,962,498.75

199,317.43 Net Fixed Assets 738,215.79 633,154.69
40,000.00 Fixed Assets Turnover 7.69 9.42
6,883,389.55
108,783.52 Sales 5,678,570.24 5,962,498.75
63.28 Total Assets 8,852,565.84 8,289,645.44
Total Assets Turnover 0.64 0.72
NAGEMENT RATIO DEBT M

2022 2023 2024

3,487,251.98 3,628,133.39 3,776,194.82 Total Liablities

234,852.66 174,170.73 108,377.33 Total Assets
14.85 20.83 34.84 Debt-Asset Ratio

360.00 360.00 360.00 Total Liabilities

14.85 20.83 34.84 Total Capital
24.24 17.28 10.33 Debt-Capital Ratio

6,260,623.68 6,573,654.87 6,902,337.61 PRO

528,769.80 424,384.90 320,000.00
11.84 15.49 21.57

6,260,623.68 6,573,654.87 6,902,337.61 Gross Profit

7,863,348.94 7,580,212.57 7,442,706.98 Sales
0.80 0.87 0.93 Gross Profit Margin

Net Income
Sales
Profit Margin/Return on Sales

Net Income
Average Total Assets
Return on Assets
 DEBT MANAGEMENT RATIO

2020 2021 2022 2023 2024

59,843.97 68,169.66 80,959.33 94,719.60 108,783.52

8,852,565.84 8,289,645.44 7,863,348.94 7,580,212.57 7,442,706.98
0.01 0.01 0.01 0.01 0.01

59,843.97 68,169.66 80,959.33 94,719.60 108,783.52

8,792,721.87 8,221,475.78 7,782,389.61 7,485,492.97 7,333,923.46
0.01 0.01 0.01 0.01 0.01

PROFITABILITY RATIO

2020 2021 2022 2023 2024

3,310,227.12 3,372,767.03 3,541,405.38 3,718,475.65 3,904,399.43

5,678,570.24 5,962,498.75 6,260,623.68 6,573,654.87 6,902,337.61
0.58 0.57 0.57 0.57 0.57

42,721.87 128,753.91 260,913.83 403,103.36 548,430.49

5,678,570.24 5,962,498.75 6,260,623.68 6,573,654.87 6,902,337.61
0.01 0.02 0.04 0.06 0.08

42,721.87 128,753.91 260,913.83 403,103.36 548,430.49

8,852,565.84 8,571,105.64 8,076,497.19 7,721,780.76 7,511,459.78
0.00 0.02 0.03 0.05 0.07