Financial Plan

The figure below shows the Initial Project Cost of Dose Clothing Apparel which is
required to start the operation projected for 3 months.

Startup Expenses
DOSE Clothing Apparel

Sources of Capital

Versola, Capital ₱100,000.00

Total Investment ₱100,000.00

Startup Expenses

Location and Admin Expenses

Rent & Related Costs ₱7,500.00
Utility deposits ₱600.00
Pre-opening Salaries ₱10,800.00
Total Location and Admin Expenses ₱18,900.00

Opening Inventory
Merchandise Inventory
Shirt ₱145,419.14
Packaging ₱23,267.06
Total Inventory ₱168,686.20

Advertising and Promotional

Expenses
Advertising ₱0.00
Total Advertising/Promotional
Expenses ₱0.00

Reserve for Contingencies ₱7,110.00

Summary Statement

Sources of Capital
Versola, Capital ₱100,000.00
Total Source of Funds ₱100,000.00
 Startup Expenses
Location/administration expenses ₱18,900.00
Opening inventory ₱168,686.20
Advertising/promotional expenses -
Contingency fund ₱7,110.00
Total Startup Expenses ₱194,696.20

*Financing and Capitalization* (Copy mo nalang send ko kim*-morri)

Table: Capital Structure Policy
Capital Source Amount Percentage

Equity 100,000 100%

Total 100,000 100%

*Chart of Accounts (*send ko din sayo to kim*)

Income Statement

DOSE Clothing Apparel

Statement of Financial Performance
For the year ended December 31, 2019

Note

Sales 1 ₱851,520.00

COGS 2 ₱534,875.00

Gross Profit ₱316,645.00

Operating Expenses 3 ₱ 75,600.00

Net Income ₱241,045.00

Statement of Cash Flow

DOSE Clothing Apparel

Changes in Equity
For the year ended December 31, 2019
Versola, Capital, Beginning ₱100,000.00
Add: Profit ₱ 241,045.00
Additional Investment ₱ - ₱ 241,045.00
Total ₱ 341,045.00
Less: Withdrawals ₱ 25,000.00
Loss ₱ - ₱ 25,000.00
Versola, Capital, Ending ₱ 316,045.00

Statement of Changes in Equity

DOSE Clothing Apparel

Statement of Cash Flow
For the year ended December 31, 2019

Cash Flows from Operating Activities

Sold Merchandise ₱ 851,520.00
Paid Rent ₱30,000.00
Paid Utilities ₱2,400.00
Paid Salaries ₱43,200.00
Purchased Merchandise ₱581,676.56 ₱ 657,276.56
Net Cash from Operating Activities ₱ 194,243.44

Cash Flows from Financing Activities

Investment by owner ₱100,000.00
Withdrawal by owner -₱25,000.00 ₱ 75,000.00
Net Cash from Financing Activities

Changes in Cash ₱ 269,243.44

Beginning Cash ₱ -
Cash, End ₱ 269,243.44
Balance Sheet

DOSE Clothing Apparel

Statement of Financial Position
As of the year ended December 31, 2019

ASSETS
Current Assets
Cash ₱ 269,243.44
Merchandise Inventory ₱ 46,801.56 ₱316,045.00
Non-Current Assets ₱ -
Total Assets ₱316,045.00
LIABILITIES AND OWNER'S EQUITY
LIABILITIES
Current Liability ₱ -
Non-Current Liability ₱ -
OWNER'S EQUITY
Owner's Equity
Versola, Capital ₱316,045.00
Total Liabilities and Equity ₱316,045.00

*Financial Analysis and Capital Budgeting

Master Budgeting
Projection of Sales
Willingness to Buy 88.7%

Capacity to Pay 100%

Residual share from existing product provider 50%

Discretionary rate 40%

Percentage share in market 17.74%

x Total Population 1,600,000

Share in market 283,840

 x Times to avail in a year 3

Total Demand and Projected Sales Php 851,520

Projection of Purchases

YEAR 1 YEAR 2 YEAR 3

Sales units 4279 4493 4718

Add: Ending units 374 393 413

Total required 4653 4886 5130

Less: Beginning
0 374 393
units

Purchases 4653 4512 4737

X Cost per unit ₱125.00 ₱125.00 ₱125.00

Total Purchases ₱581,675.88 ₱563,958.17 ₱592,156.07

Appendix of Supporting Documents

Notes to Financial Statement

SALES

Willingness to Buy 88.70%

Capacity to Pay 100%
Residual share from existing product provider 50%
Discretionary Rate 40%
Percentage share in market 17.74%
x Total Population 1,600,000
Share in market 283,840
x Times to avail in a year 3

Total Demand and Projected Sales ₱851,520.00

COST OF GOODS SOLD

Beg. Inventory ₱ -
Add: Purchases ₱ 581,676
Goods available for sale ₱ 581,676
Less: End. Inventory ₱ 46,802
COGS ₱ 534,874.37

OPERATING EXPENSES

Rent Expense ₱ 30,000.00

Utility Expense ₱ 2,400.00
Salaries Expense ₱ 43,200.00
OPEX ₱ 75,600.00