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  • Administrative Expense Schedule

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    Angelica Calubay
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    The document contains schedules projecting the administrative expenses of Meals on the Wheels from 2022 to 2025. It shows salaries, benefits, rent, utilities, and other expenses increasing each year. It also includes statements of financial performance, financial position, and changes in owner's equity for Meals on the Wheels as of December 31, 2021, with net income of $1,098,836 and total assets of $2,598,836.

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    The document contains schedules projecting the administrative expenses of Meals on the Wheels from 2022 to 2025. It shows salaries, benefits, rent, utilities, and other expenses increasing each year. It also includes statements of financial performance, financial position, and changes in owner's equity for Meals on the Wheels as of December 31, 2021, with net income of $1,098,836 and total assets of $2,598,836.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    9 views4 pages

    Administrative Expense Schedule

    Uploaded by

    Angelica Calubay
    The document contains schedules projecting the administrative expenses of Meals on the Wheels from 2022 to 2025. It shows salaries, benefits, rent, utilities, and other expenses increasing each year. It also includes statements of financial performance, financial position, and changes in owner's equity for Meals on the Wheels as of December 31, 2021, with net income of $1,098,836 and total assets of $2,598,836.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Schedule 1 Administrative Expense

    Schedule for Administrative Expense


    2022 2023
    Salaries 540,000 553,500 567,338
    SSS, Philhealth, PAG-IBIG 58,232 59,688 61,180
    Rent 42,000 42,000 42,000
    Utilities 48,000 49,200 ₱ 50,430.00
    Permit and License 5,524 5,662 ₱ 5,804.00
    Employee Benefits 45,000 46,125 ₱ 47,278.00
    Depreciation Expense 31,370 23,733 ₱ 18,167.00
    Total Administrative Expense 770,126 779,909 ₱ 792,196.00

    Schedule of Employee Benefits

    General Manager 30,000


    Operations Manager 20,000
    Bookkeeper 15,000
    Riders 14,211
    Total 79,211

    Schedule of Service Revenue

    Scheduled Delivery 1,568,900


    Instant Delivery 300,062
    Total Service Revenue 1,868,962
    2024 2025
    ₱ 581,521.00 ₱ 596,059.00
    ₱ 62,710.00 ₱ 64,278.00
    42,000 42,002
    ₱ 51,691.00 ₱ 52,983.00
    ₱ 5,949.00 ₱ 6,097.00
    ₱ 48,460.00 ₱ 49,672.00
    ₱ 7,000.00 ₱ 7,000.00
    ₱ 788,331.00 ₱ 818,091.00
    Meals on the Wheels
    Statement of Financial Performance
    Dec. 31, 2021

    Service Revenue
    Less Administrative Expense 770,126
    Net Income

    Meals on the Wheels


    Statement of Financial Position
    Dec. 31, 2021
    Assets
    Cash 1,868,962
    Accounts Receivable 350,000
    Machines and Equipments 379,874
    Total Assets 2,598,836

    Liabilities and Owner's Equity


    Accounts Payable
    Meals on the Wheels' Capital
    Total Liabilities and Owner's Equity

    Meals on the Wheels


    Statement of Changes in Owner's Equity
    Dec. 31, 2021

    Capital Beginning 1,500,000


    Add Net Income 1,098,836
    Total 2,598,836
    Less Withdrawal 500,000
    Capital Ending 2,098,836
    ce

    1,868,962

    1,098,836

    500,000
    2,098,836
    2,598,836

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