VII.

Startup Expenses and Capitalization

1. Start-Up Expenses
Initial Cost/month
Salary of the owner/manager
Owner 1: Zoe Nicole Gajo 400
Owner 2: Marian Nicole Rayos 400
Owner 3: Abigael Bea Bernardino 400
Owner 4: Aj Calunsag 400
Material Cost for Mini Checklist Pad 749.00
Electricity 1,000
Internet 700
Depreciation Cost 672.23
Total Php 4,721.23

Our small business would require a start-up capital of approximately Php

4,721.23 pesos. However, our start up expenses are based on our previous information
we've conducted. These expenses can be found in our Pricing Strategy Worksheet.

2. OPENING DAY BALANCE SHEET

Assets
Current Assets
Cash in Bank Account Php 796
Total Php 796

Fixed Assets
Raw Materials Php 749
Depreciation Cost Php 672.23
Total Php 1,421.23

Total Assets Php 2,217.23

The assets are based on the most recent information we've obtained. Our
business investment has resulted in a cash balance of Php 796 in our bank account.
The Pricing Strategy Worksheet is used to calculate the cost of raw materials and
equipment. Depreciation costs are used to run our equipment. We don't owe any
money, so our company's liabilities aren't included.
 3. PERSONAL FINANCIAL STATEMENT
Owner 1
Name Zoe Nicole M. Gajo
Home Address Kamagong Street, Samba Homes,
Antipolo Hills
Contact Number 0917 788 204
Capital Php 199

Owner 2
Name Marian Nicole Rayos
Address St. Francis, Sitio Payong Brgy. Dalig
Antipolo City
Contact Number 0963 325 0682
Capital Php 199

Owner 3
Name Abigael Bea Bernardino
Address Lot 6 Blk. 121 Oregano Street Robinson
Homes East Barangay San Jose
Antipolo City
Contact Number 0955 618 0982
Capital Php 199

Owner 4
Name Aj Calunsag
Address Lot 8 Blk. 6 Rose Street Ferretville, Brgy.
San Roque, Antipolo City
Contact Number 0950 739 1944
Capital Php 199

These are the personal financial statements of each of our company's owners.
We don't include assets, liabilities, or personal net worth in our personal financial
statement because we don't have them.