Mount Carmel School of Maria Aurora, Inc.

Maria Aurora, 3202 Aurora

HandJob Auto CarWash

Business Plan

Senior High School Department

Mount Carmel School of Maria Aurora (MCSMA), Inc.

In fulfillment of the Requirements for the

Senior High School Department

By:

Acain, Zoe Vera S.

Quezon, Jerome Vincent R.

Teh, Joselyne R.

Lucena, Jemma Rose D.

Hermano, Hanna Kate H.

Domingo, Vince Harold V.

Dangco, Maria Isabelle D

Fregillana, Tom Edison C.

Soliven, Sean Brandon Kyle P.

Habala, Wilson D.A.

Sindac, Larraine V.
 FINANCIAL PLAN

Trial Balance

HandJob Auto CarWash

Trial Balance
Year End of 2020
Account Name Debit Credit
Cash 500,000.00
Accounts Receivable 200,000.00
Supplies 100,000.00
Land 300,000.00
Building 150,000.00
Equipment 200,500.00
Furniture and Fixtures 50,000.00
Inventory 150,000.00
Retained Earnings 562,300.00
Accounts Payable 462,000.00
HandJob Auto CarWash Drawing Account 289,000.00
HandJob Auto CarWash Capital 500,000.00
Sales 844,699.00
Cost of Carwash Services etc. 300,000.00
Depreciation Expenses 60,000.00
Organization Expense 9,876.00
Salaries Expenses 450,000.00
Utility Expenses 98,145.00
Income Tax Expenses 89,478.00
TOTAL 2,657,999 2,657,999

Income Statement

HandJob Auto CarWash

Projected Income Statement
Revenues
  Sales 844,699.00
Less: Cost of Carwash Services
  etc. (300,000.00)
   Total Revenues 544,699.00
Less: Operating Expenses
Depreciation Expenses 60,000.00
  Organization Expense 9,876.00
  Salaries Expenses 450,000.00
  Utility Expenses 98,145.00
  Total Operating Expenses 558,021.00
Net Income Before Tax   (13,322.00)
  Less: Income Tax (89,478.00)
Total Net Income   (102,800.00)

Balance Sheet

HandJob Auto CarWash

Projected Balance Sheet
ASSETS
Currents Assets:
Cash 500,000.00
Accounts Receivable 200,000.00
 Supplies 100,000.00
Inventory 150,000.00
Total Current Assets 950,000.00
Fixed Assets:
Less: Depreciation Expenses 60,000.00
Land 300,000.00
Building 150,000.00
Equipment 200,500.00
Furniture and Fixtures 50,000.00
Total Fixed Assets 760,500.00
TOTAL ASSETS 1,710,500.00
LIABILITIES
Current Liabilities
Accounts Payable 462,000.00
Total Current Liabilities 462,000.00
OWNER'S EQUITY
HandJob Auto CarWash Drawing Account 289,000.00
HandJob Auto CarWash Capital 500,000.00
Retained Earnings 562,300
Net Income (102,800.00)
Total Owner's Equity 1,248,500.00
TOTAL LIABILITIES AND OWNER'S EQUITY 1,883,822.00

Cash Flow

HandJob Auto CarWash

Projected Cash Flow

Cash flow from Operating Activities

Net Cash Sales 544,699.00
Addition to Cash
Depreciations 60,000.00
Decrease in Accounts Receivable 462,000.00
Decrease in Accounts Payable (108,021.00)
General operating and administrative expenses 958,678.00
Net Cash flow from Operating Activities 544,699.00
Cash flow from Investing Activities
Increase in Inventory (150,000.00)
Capital Expenditures (384,450.00)
Net Cash flow from Investing Activities (384,450.00)
Cash flow from Financial Activities
Retained Earnings 562,300.00
Drawings (289,000.00)
Net Cash flow frome Financial Activities 273,300.00
Net increase in cash and cash equivalents 381,478.00
Cash and cash equivalents, beginning of year 118,522.00
Total Net Cash flow 500,000.00