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    Business Plan (Bigasan)

    Uploaded by

    Harold Kent Mendoza
    The document contains financial information for Bigasan ni Buday Rice Trading, including: 1) A capital equipment list totaling PHP 22,500 with an expected life of 5 years and annual depreciation of PHP 4,560. 2) An initial balance sheet showing total assets of PHP 200,000 consisting of cash, equipment, and pre-paid expenses, and total liabilities and owner's equity of PHP 200,000 consisting of loans payable and owner's equity. 3) A break-even analysis calculating monthly break-even sales of PHP 491,625 and annual break-even sales of PHP 5,899,500.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Plan (Bigasan)

    Uploaded by

    Harold Kent Mendoza
    676 views10 pages
    The document contains financial information for Bigasan ni Buday Rice Trading, including: 1) A capital equipment list totaling PHP 22,500 with an expected life of 5 years and annual depreciation of PHP 4,560. 2) An initial balance sheet showing total assets of PHP 200,000 consisting of cash, equipment, and pre-paid expenses, and total liabilities and owner's equity of PHP 200,000 consisting of loans payable and owner's equity. 3) A break-even analysis calculating monthly break-even sales of PHP 491,625 and annual break-even sales of PHP 5,899,500.

    Original Description:

    Rice Retail Business Plan

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    The document contains financial information for Bigasan ni Buday Rice Trading, including: 1) A capital equipment list totaling PHP 22,500 with an expected life of 5 years and annual depreciation of PHP 4,560. 2) An initial balance sheet showing total assets of PHP 200,000 consisting of cash, equipment, and pre-paid expenses, and total liabilities and owner's equity of PHP 200,000 consisting of loans payable and owner's equity. 3) A break-even analysis calculating monthly break-even sales of PHP 491,625 and annual break-even sales of PHP 5,899,500.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    676 views10 pages

    Business Plan (Bigasan)

    Uploaded by

    Harold Kent Mendoza
    The document contains financial information for Bigasan ni Buday Rice Trading, including: 1) A capital equipment list totaling PHP 22,500 with an expected life of 5 years and annual depreciation of PHP 4,560. 2) An initial balance sheet showing total assets of PHP 200,000 consisting of cash, equipment, and pre-paid expenses, and total liabilities and owner's equity of PHP 200,000 consisting of loans payable and owner's equity. 3) A break-even analysis calculating monthly break-even sales of PHP 491,625 and annual break-even sales of PHP 5,899,500.

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    SECTION 2.

    FINANCIAL DATA

    a. Source and Application for funding

    b. Capital Equipment list

    Item Amount Expected life Cost Depreciation


    EIGHTSYS Electronic cash register 1 pc. 5 years PHP 10,500.00 PHP 2,100.00
    WORLD STANDARD weighing scale 1 pc. 5 years 3,000.00 600.00
    Metal scoop 1 pc. 5 years 500.00 100.00
    Wooden rice storage box 1 set 5 years 8,000.00 1,600.00
    Yale brass padlocks 2 pc. 5 years 500.00 100.00
    Metal trolley 1 pc. 5 years 300.00 60.00
    Total Equipment PHP 22,500.00 PHP 4,560.00
    c. Balance Sheet

    Bigasan ni Buday Balance Sheet


       
    Assets
    Current assets: Beginning of First Year
    Cash ₱ 174,500.00
    Inventories -
    Pre-paid expenses 3,000.00
    Other -
    Total current assets ₱ 177,500.00

    Fixed assets: Beginning of First Year


    Equipment ₱ 22,500.00
    Accumulated depreciation -
    Total fixed assets ₱ 22,500.00

    Total assets ₱ 200,000.00


     
    Liabilities and owner's equity
    Current liabilities: Beginning of First Year
    Accounts payable -
    Accrued wages -
    Accrued compensation -
    Income taxes payable -
    Other -
    Total current liabilities -

    Long-term liabilities: Beginning of First Year


    Loans Payable ₱ 100,000.00
    Interest Payable
    Total long-term liabilities ₱ 100,000.00

    Owner's equity: Beginning of First Year


    Investment capital ₱ 100,000.00
    Accumulated retained earnings -
    Total owner's equity ₱ 100,000.00

    Total liabilities and owner's equity ₱ 200,000.00

    d. Break-even Analysis
    BREAKEVEN ANALYSIS
    VARIABLE COSTS COST % FIXED COSTS COSTS
    Salaries (Includes Payroll
    Cost of Goods Sold 90.0% ₱ 21,600.00
    Taxes)
    Sales Returns, Allowances, and
    2.0% Marketing and Advertising 1,000.00
    Discounts
    Total 92.0% Rent 15,000.00
    Insurance 250.00
    Utilities 100.00
    Interest 1,000.00
    Depreciation 380.00

    Total ₱ 39,330.00

     
    BREAKEVEN SALES LEVEL/month ₱ 491,625.00

    BREAKEVEN SALES LEVEL/year ₱ 5,899,500.00


    e. Income Projection

    The first year of operation

    Income Projection            
    Bigasan ni Buday Rice Trading PHP
                 

    REVENUE 1st Month 2nd Month 3rd Month 4th Month 5th Month 6th Month
    300,000.0 400,000.0 460,000.0 465,000.0 490,000.0 500,000.0
    Estimated Product Sales
    0 0 0 0 0 0
    (6,000.00 (8,000.00 (9,200.00 (9,300.00 (9,800.00 (10,000.00
    Less Sales Returns & Discounts
    ) ) ) ) ) )
    Service Revenue - - - - - -
    Other Revenue - - - - - -
    294,000.0 392,000.0 450,800.0 455,700.0 480,200.0 490,000.0
    Net Sales
    0 0 0 0 0 0
    270,000.0 360,000.0 414,000.0 418,500.0 441,000.0 450,000.0
    Cost of Goods Sold
    0 0 0 0 0 0
    24,000.0 32,000.0 36,800.0 37,200.0 39,200.0 40,000.0
    Gross Profit
    0 0 0 0 0 0
                 

    EXPENSES 1st Month 2nd Month 3rd Month 4th Month 5th Month 6th Month
    21,600.0 21,600.0 21,600.0
    Salaries & Wages 21,600.00 21,600.00 21,600.00
    0 0 0
    Marketing/Advertising 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
    15,000.0 15,000.0 15,000.0
    Rent 15,000.00 15,000.00 15,000.00
    0 0 0
    Insurance expense 250.00 250.00 250.00 250.00 250.00 250.00
    Utilities expense 100.00 100.00 100.00 100.00 100.00 100.00
    Depreciation expense 380.00 380.00 380.00 380.00 380.00 380.00
    Interest expense 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
    39,330.0 39,330.0 39,330.0 39,330.0 39,330.0 39,330.0
    Total Expenses
    0 0 0 0 0 0
    (15,330.00 (7,330.00 (2,530.00 (2,130.00 (130.00
    Income Before Taxes 670.00
    ) ) ) ) )
    (2,299.50 (1,099.50 (379.50 (319.50 (19.50
    Income Tax Expense 100.50
    ) ) ) ) )
                 

    (17,629.5 (6,230.5 (2,150.5 (1,810.5 (110.5 569.5


    NET INCOME
    0) 0) 0) 0) 0) 0
                 
    The first year of operation (continuation)

    Income Projection              
    Bigasan ni Buday Rice Trading PHP
     
                 

    REVENUE 7th Month 8th Month 9th Month 10th Month 11th Month 12th Month YTD
    500,000.0 500,000.0 450,000.0 530,000.0 660,000.0 745,000.0 6,000,000.0
    Estimated Product Sales
    0 0 0 0 0 0 0
    (10,000.0 (10,000.0 (9,000.0 (10,600.0 (13,200.0 (14,900.0 (120,000.0
    Less Sales Returns & Discounts
    0) 0) 0) 0) 0) 0) 0)
    Service Revenue - - - - - - -
    Other Revenue - - - - - - -
    490,000.0 490,000.0 441,000.0 519,400.0 646,800.0 730,100.0 5,880,000.0
    Net Sales
    0 0 0 0 0 0 0
    450,000.0 450,000.0 405,000.0 477,000.0 594,000.0 670,500.0 5,400,000.0
    Cost of Goods Sold
    0 0 0 0 0 0 0
    40,000.0 40,000.0 36,000.0 42,400.0 52,800.0 59,600.0 480,000.0
    Gross Profit
    0 0 0 0 0 0 0
     
                 

    EXPENSES 7th Month 8th Month 9th Month 10th Month 11th Month 12th Month YTD
    259,200.0
    Salaries & Wages
    21,600.00 21,600.00 21,600.00 21,600.00 21,600.00 21,600.00 0
    12,000.0
    Marketing/Advertising
    1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 0
    180,000.0
    Rent
    15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 0
    Insurance expense 250.00 250.00 250.00 250.00 250.00 250.00 3,000.00
    Utilities expense 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
    Depreciation expense 380.00 380.00 380.00 380.00 380.00 380.00 4,560.00
    12,000.0
    Interest expense
    1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 0
    39,330.0 39,330.0 39,330.0 39,330.0 39,330.0 39,330.0 471,960.0
    Total Expenses
    0 0 0 0 0 0 0
    (3,330.0 13,470.0 20,270.0 8,040.0
    Income Before Taxes
    670.00 670.00 0) 3,070.00 0 0 0
    (499.50 1,206.0
    Income Tax Expense
    100.50 100.50 ) 460.50 2,020.50 3,040.50 0
     
                 

    569.5 569.5 (2,830.5 2,609.5 11,449.5 17,229.5 6,834.0


    NET INCOME
    0 0 0) 0 0 0 0
     
                 
    The Second Year of Operation

    Income Projection          
    Bigasan ni Buday Rice Trading PHP
               

    REVENUE Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Estimated Product Sales 1,350,000.00 1,590,000.00 1,980,000.00 2,235,000.00 7,155,000.00
    (27,000.00 (31,800.00 (39,600.00 (44,700.00 (143,100.00
    Less Sales Returns & Discounts
    ) ) ) ) )
    Service Revenue - - - - -
    Other Revenue - - - - -
    Net Sales 1,323,000.00 1,558,200.00 1,940,400.00 2,190,300.00 7,011,900.00
    Cost of Goods Sold 1,215,000.00 1,431,000.00 1,782,000.00 2,011,500.00 6,439,500.00
    Gross Profit 108,000.00 127,200.00 158,400.00 178,800.00 572,400.00
               

    EXPENSES Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Salaries & Wages 21,600.00 21,600.00 21,600.00 21,600.00 86,400.00
    Marketing/Advertising 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Rent 15,000.00 15,000.00 15,000.00 15,000.00 60,000.00
    Insurance expense 250.00 250.00 250.00 250.00 1,000.00
    Utilities expense 300.00 300.00 300.00 300.00 1,200.00
    Depreciation expense 1,140.00 1,140.00 1,140.00 1,140.00 4,560.00
    Interest expense 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Total Expenses 40,290.00 40,290.00 40,290.00 40,290.00 161,160.00
    Income Before Taxes 67,710.00 86,910.00 118,110.00 138,510.00 411,240.00
    Income Tax Expense 10,156.50 13,036.50 17,716.50 20,776.50 61,686.00
               

    57,553.5 86,449.5 116,089.5 135,469.5 410,034.0


    NET INCOME
    0 0 0 0 0
               

    The Third Year of Operation


    Income Projection          
    Bigasan ni Buday Rice Trading PHP
               

    REVENUE Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Estimated Product Sales 1,552,500.00 1,828,500.00 2,277,000.00 2,570,250.00 8,228,250.00
    (31,050.00 (36,570.00 (45,540.00 (51,405.00 (164,565.00
    Less Sales Returns & Discounts
    ) ) ) ) )
    Service Revenue - - - - -
    Other Revenue - - - - -
    Net Sales 1,521,450.00 1,791,930.00 2,231,460.00 2,518,845.00 8,063,685.00
    Cost of Goods Sold 1,397,250.00 1,645,650.00 2,049,300.00 2,313,225.00 7,405,425.00
    Gross Profit 124,200.00 146,280.00 182,160.00 205,620.00 658,260.00
               

    EXPENSES Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Salaries & Wages 21,600.00 21,600.00 21,600.00 21,600.00 86,400.00
    Marketing/Advertising 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Rent 15,000.00 15,000.00 15,000.00 15,000.00 60,000.00
    Insurance expense 250.00 250.00 250.00 250.00 1,000.00
    Utilities expense 300.00 300.00 300.00 300.00 1,200.00
    Depreciation expense 1,140.00 1,140.00 1,140.00 1,140.00 4,560.00
    Interest expense 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Total Expenses 40,290.00 40,290.00 40,290.00 40,290.00 161,160.00
    Income Before Taxes 83,910.00 105,990.00 141,870.00 165,330.00 497,100.00
    Income Tax Expense 12,586.50 15,898.50 21,280.50 24,799.50 74,565.00
               

    71,323.5 105,529.5 139,849.5 162,289.5 495,894.0


    NET INCOME
    0 0 0 0 0
               

    The Fourth Year of Operation


    Income Projection          
    Bigasan ni Buday Rice Trading PHP
               

    REVENUE Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Estimated Product Sales 1,782,500.00 2,102,200.00 2,618,550.00 2,955,780.00 9,459,030.00
    (35,650.00 (42,044.00 (52,371.00 (59,115.60 (189,180.60
    Less Sales Returns & Discounts
    ) ) ) ) )
    Service Revenue - - - - -
    Other Revenue - - - - -
    Net Sales 1,746,850.00 2,060,156.00 2,566,179.00 2,896,664.40 9,269,849.40
    Cost of Goods Sold 1,604,250.00 1,891,980.00 2,356,695.00 2,660,202.00 8,513,127.00
    Gross Profit 142,600.00 168,176.00 209,484.00 236,462.40 756,722.40
               

    EXPENSES Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Salaries & Wages 21,600.00 21,600.00 21,600.00 21,600.00 86,400.00
    Marketing/Advertising 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Rent 15,000.00 15,000.00 15,000.00 15,000.00 60,000.00
    Insurance expense 250.00 250.00 250.00 250.00 1,000.00
    Utilities expense 300.00 300.00 300.00 300.00 1,200.00
    Depreciation expense 1,140.00 1,140.00 1,140.00 1,140.00 4,560.00
    Interest expense 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Total Expenses 40,290.00 40,290.00 40,290.00 40,290.00 161,160.00
    Income Before Taxes 102,310.00 127,886.00 169,194.00 196,172.40 595,562.40
    Income Tax Expense 15,346.50 19,182.90 25,379.10 29,425.86 89,334.36
               

    86,963.5 127,425.5 167,173.5 193,131.9 594,356.4


    NET INCOME
    0 0 0 0 0
               
    The Fifth Year of Operation

    Income Projection          
    Bigasan ni Buday Rice Trading PHP
               

    REVENUE Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Estimated Product Sales 2,049,875.00 2,417,300.00 3,010,700.00 3,250,150.00 10,728,025.00
    (40,997.50 (48,346.00 (60,214.00 (65,003.00 (214,560.50
    Less Sales Returns & Discounts
    ) ) ) ) )
    Service Revenue - - - - -
    Other Revenue - - - - -
    Net Sales 2,008,877.50 2,368,954.00 2,950,486.00 3,185,147.00 10,513,464.50
    Cost of Goods Sold 1,844,887.50 2,175,570.00 2,709,630.00 2,925,135.00 9,655,222.50
    Gross Profit 163,990.00 193,384.00 240,856.00 260,012.00 858,242.00
               

    EXPENSES Quarter 1 Quarter 2 Quarter 3 Quarter 4 YTD


    Salaries & Wages 21,600.00 21,600.00 21,600.00 21,600.00 86,400.00
    Marketing/Advertising 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Rent 15,000.00 15,000.00 15,000.00 15,000.00 60,000.00
    Insurance expense 250.00 250.00 250.00 250.00 1,000.00
    Utilities expense 300.00 300.00 300.00 300.00 1,200.00
    Depreciation expense 1,140.00 1,140.00 1,140.00 1,140.00 4,560.00
    Interest expense 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00
    Total Expenses 40,290.00 40,290.00 40,290.00 40,290.00 161,160.00
    Income Before Taxes 123,700.00 153,094.00 200,566.00 219,722.00 697,082.00
    Income Tax Expense 18,555.00 22,964.10 30,084.90 32,958.30 104,562.30
               

    105,145.0 152,633.5 198,545.5 216,681.5 695,876.0


    NET INCOME
    0 0 0 0 0
               
    Notes of Explanation

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