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WizardDormitory Fs PDF
WizardDormitory Fs PDF
INTRODUCTION
A. Product Description
E. Price Study
The occupants can opt for two types of housing
accommodation. These are: (a) rooms for rent and (b) bed space.
The rental rate for each type follows:
a. Rooms for rent - Php5,000 per room
b. Bed space - Php1,300 per person
A. The Product
B. Accommodation Process
In the 2nd floor and 3rd floor, sixteen rooms for bed space
are available and each room has a maximum of 4 persons. In each
room, 2 double decks, 1 cabinet, 1 study table are available.
Water dispenser is also available on each floor.
The rooftop of the dormitory serves as the occupants’ study
hall. There will be 4 long tables available for them.
F. Utilities
G. Waste Disposal
H. Production Cost
a. Fixed Costs
Operating Costs:
Monthly Fixed Cost Yearly fixed Cost
Utilities 18,000.00 216,000.00
Salaries 65,000.00 780,000.00
Repairs and Maintainance 10,000.00
Total 1,006,000.00
Administrative Costs
Insurance Expense 125,000.00
Taxes and Licenses 8,000.00
Interest Expense 250,000.00
Total 383,000.00
Total Fixed Cost 1,389,000.00
b. Variable Costs
Supply Expense
no. of kilos will
Cost per unit consume in each Cost per kilo
unit
Detergent powder 150 45 3.33
Bleach 60 25 2.40
Fabric conditioner 120 60 2.00
Expected Cost per kilo 7.73
c. Non-financial costs
Depreciation
Estimated life in
Assets Cost Yearly Depreciation
yrs.
Building 24,650,000.00 35.00 704,285.71
Furniture and Fixtures 311,600.00 8.00 38,950.00
I. Labor Requirements
Salary
number
rate
of Total
per
employee
month
Manager 1 12,000 12,000
Bookkeeper 1 8,000 8,000
Caretaker 1 8,000 8,000
Utility Personnel 2 5,000 10,000
Laundry In-charge 1 8,000 8,000
Laundry Personnel 1 6,000 6,000
Security guard -
morning shift 1 6,000 6,000
Security guard -
night shift 1 7,000 7,000
Total salaries per
month 65000
1. Manager
2. Bookkeeper
3. Caretaker
4. Utility Personnel
5. Laundry In-charge
6. Laundry Personnel
7. Security Guard
A.FINANCIAL ASSUMPTION
g. The monthly rental rates are: (a) Php5,000 per room for
rooms for rent accommodation, and (2) Php1,300 per person
for bed space accommodation. The rate will increase 10% in
second year of the operation.
m. The rate for laundry services is Php25 per kilo. The rate
will increase by P2 in second year.
Wizards' Dormitory
Projected Income Statement for 1st and 2nd Year of Operation
for 1st and 2nd Year of Operation
Expenses:
Wizards' Dormitory
Projected Balance Sheet
at the end of Every Year for 1st Two Years of Operation
Non-current Assets:
Land 5,445,000.00 5,445,000.00
Building 24,650,000.00 24,650,000.00
Less: Accumulated Depreciation (704,285.71) (1,408,571.43)
Equipment 113,600.00 113,600.00
Less: Accumulated Depreciation (11,360.00) (22,720.00)
Furnitures and Fixtures 311,600.00 311,600.00
Less: Accumulated Depreciation (38,950.00) (77,900.00)
Total Non-Current Assets 29,765,604.29 29,011,008.57
Liabilities
Current Liabilities - -
Non-current Liabilities
Long-term debt 2,500,000.00 2,500,000.00
Total Liabilities 2,500,000.00 2,500,000.00
Partners' Equity
Cosmod, Equity (Sched. 8) 13,985,000.94 14,317,465.53
Lim, Equity (Sched. 8) 13,985,000.94 14,317,465.53
Total partners' equity 27,970,001.89 28,634,931.05
Wizards' Dormitory
Projected Statement of Cash Flows
for 1st and 2nd Year of Operation
Year 1
number of Expected Revenue
Expected % Revenue in
Rental Rate bed space/ multiple per
to occupy a Year
rooms to rate Month
Room for rent Accommodation 5,000 8 87.5% 7 35,000 420,000
Bed Spacer 1,300 128 90.0% 115 149,500 1,794,000
Year 2
number
Expected Revenue
Rental of bed Expected % Revenue in
multiple per
Rate space/ to occupy a Year
to rate Month
rooms
Year 1
kilos of laundry
Rate per Monthly Yearly
served in a
kilo month
Revenue revenue
Laundry services 25 1,740 43,500 522,000
Year 2
kilos of laundry
Rate per Monthly Yearly
served in a
kilo month
Revenue revenue
Laundry services 27 2262 61074 732,888
kilos of
Suppy Expense Yearly Supply
laundry served Cost per kilo
in a Month Expense
in a month
Year 1 1,740 7.73 13,450.20 161,402.40
Year 2 2,262 7.73 17,485.26 209,823.12
Year 1 Year 2
Cosmod, Lim, Capital Cosmod, Lim, Capital
Capital 50% 50% Capital 50% 50%
Beg. Balance - - 13,985,000.94 13,985,000.94
Investment 14,000,000.00 14,000,000.00 - -
Share in Net Income
Year 1 -
470,001.89 235,000.94 235,000.94
Year 2 -
1,264,929.17 632,464.58 632,464.58
Less: Drawing (250,000.00) (250,000.00) (300,000.00) (300,000.00)
Ending Balance 13985000.94 13985000.94 14317465.53 14317465.53
F. Financial Analysis