LIST OF FINANCIAL ASSUMPTIONS

1. The business will follow a calendar period. We will also be open during holidays
including the times when malls are closed due to the said holiday.
2. The business will be in cash-basis, which means no receivables in every transaction.
3. The property and equipment will be depreciated using the straight line method. With our
initial cost of Php 713,420.00, we arrived at Php 142,684.00 as depreciation value per
year assuming all our equipments life expectancy is 5 years with zero book value at the
end.
4. No new products will be introduced throughout the year.
5. The business will be open for 10 hours a day.
6. Product revenue per year will increase by 2%.