START-UP COST

Ride Champ
COST ITEMS MONTHS COST/MONTHS

Equipment & supplies 2 ₱ 50,000.00

Sales Comission 1 ₱ 75,000.00
Marketing & Advertising 4 ₱ 22,000.00
Rent Expense 3 ₱ 60,000.00
Employee Salaries 3 ₱ 30,000.00
Repair & Maintenance 2 ₱ 25,000.00
ESTIMATED START-UP BADGET
 Jan 14,2021
ONE-TIME COST TOTAL COST

₱ 100,000.00 ₱ 150,000.00
₱ 75,000.00 ₱ 150,000.00
₱ 88,000.00 ₱ 110,000.00
₱ 180,000.00 ₱ 240,000.00
₱ 90,000.00 ₱ 120,000.00
₱ 50,000.00 ₱ 75,000.00
₱ 970,000.00
Start-Up Cost
Ride Champ

REVENUE JAN FEB MAR APR MAY

Estimated Product Sales ₱ 47,000.00 ₱ 70,000.00 ₱ 55,000.00 ₱ 46,500.00 ₱ 42,000.00
Less Sales Returns & Discounts ₱ - -₱ 1,000.00 ₱ - ₱ - ₱ -
Service Revenue ₱ 1,000.00 ₱ 1,000.00 ₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00
Other Revenue ₱ - ₱ 500.00 ₱ - ₱ - ₱ -
Net Sales ₱ 48,000.00 ₱ 70,500.00 ₱ 56,200.00 ₱ 47,700.00 ₱ 43,200.00
Cost of Good Sold ₱ 18,800.00 ₱ 28,000.00 ₱ 22,000.00 ₱ 18,600.00 ₱ 16,800.00
Gross Profit ₱ 29,200.00 ₱ 42,500.00 ₱ 34,200.00 ₱ 29,100.00 ₱ 26,400.00

Expenses JAN FEB MAR APR MAY

Employee Salaries ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00
Marketing/Advertising ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 5,200.00 ₱ 5,200.00
Sales Comission ₱ 500.00 ₱ 450.00 ₱ 450.00 ₱ 480.00 ₱ 590.00
Equipment Supplies ₱ 50,000.00 ₱ - ₱ - ₱ - ₱ -
Repair & Maintenance ₱ - ₱ - ₱ - ₱ - ₱ -
Rent ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00
Total Expenses ₱ 95,500.00 ₱ 45,450.00 ₱ 45,450.00 ₱ 45,680.00 ₱ 45,790.00
Income Before Taxes ₱ 47,000.00 ₱ 70,500.00 ₱ 56,200.00 ₱ 47,700.00 ₱ 43,200.00
Income Tax Expense ₱ 7,050.00 ₱ 10,575.00 ₱ 8,430.00 ₱ 7,155.00 ₱ 6,480.00

NET INCOME ₱ 39,950.00 ₱ 59,925.00 ₱ 47,770.00 ₱ 40,545.00 ₱ 36,720.00

 JUN JUL AUG SEP OCT NOV DEC
₱ 57,000.00 ₱ 55,500.00 ₱ 54,200.00 ₱ 52,800.00 ₱ 50,000.00 ₱ 60,500.00 ₱ 70,100.00
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - -₱ 1,500.00
₱ 1,200.00 ₱ 1,300.00 ₱ 1,400.00 ₱ 1,400.00 ₱ 1,400.00 ₱ 1,500.00 ₱ 1,500.00
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - ₱ 1,200.00
₱ 58,200.00 ₱ 56,800.00 ₱ 55,600.00 ₱ 54,200.00 ₱ 51,400.00 ₱ 62,000.00 ₱ 71,300.00
₱ 22,800.00 ₱ 22,200.00 ₱ 21,680.00 ₱ 21,120.00 ₱ 20,000.00 ₱ 24,200.00 ₱ 28,040.00
₱ 35,400.00 ₱ 34,600.00 ₱ 33,920.00 ₱ 33,080.00 ₱ 31,400.00 ₱ 37,800.00 ₱ 43,260.00

JUN JUL AUG SEP OCT NOV DEC

₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 30,000.00 ₱ 30,000.00
₱ 5,200.00 ₱ 5,200.00 ₱ 5,500.00 ₱ 5,500.00 ₱ 5,500.00 ₱ 5,700.00 ₱ 6,000.00
₱ 410.00 ₱ 500.00 ₱ 350.00 ₱ 500.00 ₱ 420.00 ₱ 450.00 ₱ 550.00
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - ₱ 50,000.00
₱ - ₱ - ₱ 25,000.00 ₱ - ₱ - ₱ - ₱ 25,000.00
₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00
₱ 45,610.00 ₱ 45,700.00 ₱ 70,850.00 ₱ 46,000.00 ₱ 45,920.00 ₱ 51,150.00 ₱ 126,550.00
₱ 58,200.00 ₱ 56,800.00 ₱ 55,600.00 ₱ 54,200.00 ₱ 51,400.00 ₱ 62,000.00 ₱ 71,300.00
₱ 8,730.00 ₱ 8,520.00 ₱ 8,340.00 ₱ 8,130.00 ₱ 7,710.00 ₱ 9,300.00 ₱ 10,695.00

₱ 49,470.00 ₱ 48,280.00 ₱ 47,260.00 ₱ 46,070.00 ₱ 43,690.00 ₱ 52,700.00 ₱ 60,605.00

January 14,2021

YTD
₱ 660,600.00
-₱ 2,500.00
₱ 15,300.00
₱ 1,700.00
₱ 675,100.00
₱ 264,240.00
₱ 410,860.00

YTD
₱ 310,000.00
₱ 64,000.00
₱ 5,650.00
₱ 100,000.00
₱ 50,000.00
₱ 180,000.00
₱ 609,650.00
₱ 674,100.00
₱ 101,115.00

₱ 572,985.00
Financial Model

Income Statement

Revenue 675,100
Cost of Good Sold (COGS) 264,240
Gross Profit 410,860
Expenses
Salaries & Wages 310,000
Marketing/Advertising 64,000
Sales Comission 5,650
Repair & Maintenance 50,000
Rent 180,000
Total Expense 609,650
Earnings Before Taxes 674,100

Taxes 101,115
Net Earnings 572,985
 Source Of Funds

Investors Amount

Zhedie Toshi Ishida 200,000

Hannah Lagura 100,000
Shalom Castillio 100,000
Patric Javier 100,000
Jaylyn Guinto 100,000
Cindy Layson 100,000
Karl Wilfred Dimal 100,000
Jenelle Guerra 100,000
Ivry rose Raro 100,000

Total 1,000,000
Capital Exenditures

Equipment & Supplies 150,000

Total Capital Expenditures 150,000

Operating Expenditures

Employee Salaries 310,000

Marketing/Advertising 64,000
Sales Commission 5,650
Repair & Maintenance 50,000
Rent 180,000

Total Operating Expenditures 609,650

Total Expenditures 759,650

 Ride Champ
Statement Of Financial Position
For the Year Ended December 31, 2021
Assets
Cash Flow

Operating Activities
Net Income
Increase in Office Equipment