FINANCIAL

ASPECT
A. Assumption

Short term
1. Will do direct selling of product within the area of the school grounds.
2. The company will produce 60 units per day and will either decrease or
increase the production depending on the demand of the customers during
the 5-month period.
3. There was a total of Five (5) employees in the business that includes
cooking and selling banana Balls.
4. About the product, Banana Plantains, the company will gather all of the
customers’ feedback or response for additional fillings that they want (this
pertains to customers’ choice).
5. The time will spend in preparing the products will consume a maximum
of 2 hours (7:00 A.M. – 9:00 A.M) and for selling it will be from 9:00 A.M.
– 11:30 A.M this also includes the preparation for finished products. And
30 mins will be allotted for cleaning of production room.
Long term
1. Will do some research on expanding the business wherein searching for a
location for building store and hire some employees
2. Will acquire or buy high-end equipment likewise fryers for production.
3. Will acquire or find suppliers for the production, however, if there’s an
instance of inflation in the market, there will be searching for good quality
at a logical and fair price, in some cases, we will do importing some
products if necessary. Prices will vary in the purchasing of products for
production.
4. Each employee will be rendering 8 working hours per day on weekdays and
weekends.

5. If it profited another expansion will do and also includes an increase in

manpower and additional purchase of equipment for production.
6. Additional equipment will be bought for the increase in production.
7. The company will find a good supplier of bananas and aiming for
partnership to ensure the quality of the banana and to prevent shortage of
supplies in the local market.
8. All of the units made within the day will be purchased. The company will
be adding different fillings such as Strawberry, Matcha, Ube.
9. Each employee will be working 7-8 hours per day even during weekends.
Except for the following days Holy Thursday, Holy Friday, Christmas, New
Year and Manila day. 360 operating days per year.
B. Projected Capital Requirment ( Total Investment Cost)
For the period of November 2019

Fixed Capital
Equipment (sched A) 1850.00
Variable Capital
Cash
Direct materials (schedule B) 11,650.00
Indirect materials (schedule C) 2,420.00
Labor (schedule D) 800.00
Tools & Materials (schedule E) 630.00
Office Supplies (schedule F) 135.00
Maintenance & Sanitary Supplies (schedule G) 1,335.00 16,970.00
Bank Deposit 10,000.00
Total Working Capital
Pre-operating Expenses:
DTI Registration 500.00
Documentary Stamp 30.00
Marketing/Promotion (Free Taste) 150.00
Total Variable Capital 680.00
Projected Capital Requirement 29,500.00
C. Financing Plan – Source of Funds

PARTNER'S INITIAL CAPITAL Percentage

NAME CONTRIBUTION
1. Je 6,000.00 20%
2.attilla 6,000.00 20%
3.hilario 6,000.00 20%
4.vitor 6,000.00 20%
5.ralp 6,000.00 20%
Total 30,000.00 100%

*The excess amount of the Initial Capital Contribution over the computed Total Investment
Requirement amounting to P 112.30 shall be used as petty cash and/or ch
Capital Requirement Schedules

Schedule A

Equipment Unit Cost Quantity Total Cost

Single Electric Fryer 1,500.00 1 1,500.00

Rice Cooker 700.00 1 700.00

Total 2,200.00 2,200.00

Schedule B

BANANA BALLS WITH CHEDDAR CHEESE

Items Unit Cost Per Day Per Week Per Month

Banana (1kg ) 50.00 100.00 500.00 2,000.00

Cheese (1pc) 60.00 60.00 300.00 1,200.00

Oil (1liter) 120.00 120.00 600.00 2,400.00

Bread Crumbs 30.00 30.00 150.00 600.00

(230g)
Egg (1pc) 5.00 30.00 150.00 600.00

Flour (200g) 20.00 20.00 100.00 400.00

Brown sugar (1/4 kg) 15.00 15.00 75.00 300.00

Total 300.00 375.00 1,875.00 7,500.00

BANANA BALLS WITH CHIZ-WIZ

Items Unit Cost Per Day Per Week Per Month
Banana (1kg ) 50.00 100.00 500.00 2,000.00

Chiz-Wiz (220g) 75.00 75.00 375.00 1,500.00

Oil (1liter) 120.00 120.00 600.00 2,400.00

Bread Crumbs 30.00 30.00 150.00 600.00

(230g)
Egg (1pc) 5.00 30.00 150.00 600.00

Flour (200g) 20.00 20.00 100.00 400.00

Brown sugar (1/4 kg) 15.00 15.00 75.00 300.00

Total 315.00 390.00 1,950.00 7,800.00

BANANA BALLS WITH CHOCOLATE
Items Unit Cost Per Day Per Week Per Month

Banana (1kg ) 50.00 100.00 500.00 2,000.00

Chocolate (220g) 85.00 85.00 425.00 1,700.00

Oil (1liter) 120.00 120.00 600.00 2,400.00

Bread Crumbs 30.00 30.00 150.00 600.00

(230g)
Egg (1pc) 5.00 30.00 150.00 600.00

Flour (200g) 20.00 20.00 100.00 400.00

Brown sugar (1/4 kg) 15.00 15.00 75.00 300.00

Total 325.00 400.00 2,000.00 8,000.00

Overall Total
Fillings Flavor Per Day Per Week Per Month
W/ Cheddar Cheese 375.00 1,875.00 7,500.00

W/ Chiz-whiz 390.00 1,950.00 7,800.00

W/ Chocolate 400.00 2,000.00 8,000.00

Total 1,165.00 5,825.00 23,300.00

Schedule C
Item Unit Cost Per Day Per Week Per Month
Disposable Paper 72.00 72.00 360.00 1,440.00
Bowl (40 pcs)
Skewers (100 pcs) 50.00 50.00 250.00 1,000.00
Stickers (50 pcs) 120.00 120.00 600.00 2,400.00
Total 242.00 242.00 1,210.00 4,840.00
Schedule D
Salaries Per Day Per Week Per Month
General Manager 20.00 100.00 400.00
Marketing Manager 15.00 75.00 300.00
Production Manager 15.00 75.00 300.00
Financial Manager 15.00 75.00 300.00
Production Staff 15.00 75.00 300.00
Total 80.00 400.00 1,600.00

Schedule E
Tools and Materials Cost Quantity Total Cost
Knife 50.00 1 50.00
Measuring spoon 50.00 1 50.00
Metal Bowl 50.00 4 200.00
Plate 30.00 2 60.00
Strainer 50.00 1 50.00
Tupperware 30.00 3 90.00
Resting Tray 50.00 1 50.00
Tongs 80.00 1 80.00
Total 390.00 630.00

Schedule F
Office Supplies Cost Quantity Total Cost
Record Book 35.00 1 35.00
Ballpen 10.00 3 30.00
Time Card 10.00 7 70.00
Total 55.00 135.00
Schedule G
Maintenance & Cost Quantity Total Cost
Sanitary Supplies
Plastic Gloves 50.00 1 Box 50.00
(50 pairs)
Hairnet 90.00 5 270.00
Cooking Health Care 35.00 175.00
Hygienic Mouth
Cover Mask

Kitchen Towel 10.00 5 20.00

Sponge 10.00 2 10.00
Dishwashing Liquid 30.00 1 30.00
Apron 150.00 1 750.00
Garbage Bag (10 pcs) 30.00 5 30.00
Total 405.00 1 1,335.00
D1. Projected Financial Statements (Short Term)
a. Statement of Income (Short – Term/ 4 months)
Statement of Short – term Projected Income
For the Period Ended March 2020
November December January February March Total
Sales 4,500.00 9,000.00 9,000.00 9,000.00 4,500.00 36,000.00

Less: Cost of 14,070.00 28,140.00 28,140.00 28,140.00 14,070.00 112,560.00

Goods Sold
Gross Profit
Less: Operating
Expenses
Net Income

● Sales – Please refer to a1. Sales Projection

● Cost of Goods Sold – Please refer to a2. Summary of cost of goods sold
● Operating Expenses – Please refer to a3. Summary of operating expenses

a1. Sales Projection

Banana Balls
Sales Projection Operation (November 2019 – March 2020)
Months Quantity Quantity Selling price Total Sales
(Day) (Month)
November 60 120 35.00 4,500.00
December 60 240 35.00 9,000.00
January 60 240 35.00 9,000.00
February 60 240 35.00 9,000.00
March 60 120 35.00 4,500.00
Total 36,000.00
a2. Cost of Goods Sold
Cost of Goods Sold
From November 2019 to March 2020
November December January February March
Direct materials 11,650.00 23,300.00 23,300.00 23,300.00 11,650.00
Indirect materials 2,420.00 4,840.00 4,840.00 4,840.00 2,420.00
Direct Labor 150.00 300.00 300.00 300.00 150.00
Total 14,220 28,440 28,440 28,440 14,220

Direct Materials
Fillings Flavor Per Day Per Week Per Month
Cheddar Cheese 375.00 1,875.00 7,500.00

Chiz-Whiz 390.00 1,950.00 7,800.00

Chocolate 400.00 2,000.00 8,000.00

Total 1,165.00 5,825.00 23,300.00

Indirect Materials
Item Unit Cost Per Day Per Week Per Month
Disposable 72.00 72.00 360.00 1,440.00
Paper Bowl (40
pcs)
Skewers (100 50.00 50.00 250.00 1,000.00
pcs)
Stickers (50 pcs) 120.00 120.00 600.00 2,400.00
Total 242.00 242.00 1,210.00 4,840.00
Direct Labor
Daily rate Weekly rate Monthly rate
Production Staff 15.00 75.00 300.00
Total 15.00 75.00 300.00

A3. Operating Expenses

Operating Expense
From November 2019 to March 2020
November December January February March
Supplies 765.00 - - - -
Expenses
Salaries 800.00 1,600.00 1,600.00 1,600.00 800.00
Expenses
Permits 530.00 - - - -
Promotional 150.00 - - - -
Expenses
Total 2,245.00 1,600.00 1,600.00 1,600.00 800.00

B. Statement of Cash Flow (Short – term/ 4 months)