FINANCIAL ASPECT

FINANCIAL ASSUMPTIONS

1. Selling price of the product.

PRODUCT PRICE
Tea Turmeric (350g) 270
Juice (100g) 115
Diabetic tea (350g) 380

2. Sales demand increases 10% per year.

3. Raw materials increases 7% per year.
4. Depreciation expenses is computed in a straight line basis with an estimated useful life of 3
years
5. 50% of net income will be distributed after 2 years.

INITIAL CAPITAL REQUIREMENTS

The partners agreed to contribute an equal sharing of capital in amount of ₱ 15,000.

INITIAL CAPITAL REQUIREMENTS

PARTNERS RATIO INVESTED AMOUNT
Rachel Briones (Head manager) 25% ₱15,000
Ma. Charmaine Rico ( Admin Head) 25% 15,000
Benz D. Villanueva( Operation 25% 15,000
Manager)
John Ezekiel Pelones ( Accounting 25% 15,000
and Finance Manager)
TOTAL 100% ₱60,000

COST AND EXPENSES SCHEDULE

PRODUCT QUANTITY PER QUANTITY PER UNIT PRICE AMOUNT

MONTH YEAR
Tea turmeric 25 kg 300 kg 14,200 170,400
Juice 6 kg 72 kg 4,800 57,600
Diabetic Turmeric 13 kg 156 kg 10,730 128,760
Total 356,760

RENT EXPENSES
MONTHLY ANNUAL COST
₱ 4,000 ₱ 48, 000.00
 SALARIES AND WAGES
POSITION COST PER MONTH COST PER ANNUAL
Rachel Briones (Head manager)
Ma. Charmaine Rico ( Admin Head)
Benz D. Villanueva( Operation
Manager)
John Ezekiel Pelones ( Accounting
and Finance Manager)
Packaging staff 4,000 48,000
Cashier
Total

Office Supplies
ITEM QUANTITY PRICE ANNUAL COST
Record Book 2 85.00 170
Ball Pen 12 6.00 72
Official receipt 24 25.00 600
Stapler 2 30.00 60
Staple wire 12 8.00 96
Total 998

PACKAGING
ITEM QUANTITY PER MONTH PRICE ANNUAL COST
Paper bag 150 100 pcs. =75 107
Resaelable Package 200 100 pcs. = 300 7,200
Total 7,307

TRANSPORTATION COST
Item Cost per month Annual Cost
Delivery Expenses 4,500 54,000

Promotional Expenses
Item Cost No. of months Annual Cost
Free taste 2,000 Introduction of the 2,000.00
product
Flyers 200 12 2, 400
Total 4,400
 OFFICE FURNITURE & FIXTURES
Item Quantity Price Amount Estimated Depreciation
Useful Life Expenses
Office chair 1 300 300 3 100
Table 3 1,500 4500 3 1,500
Customer 12 150 1800 3 600
Chair
Ceiling fan 2 800 1600 3 534
Cabinets 1 2,000 2,000 3 667
Total 10,200 3,401

EQUIPMENT
ITEM QUANTITY PRICE AMOUNT
Electric Kettle 2 400 800
Ziplock Machine 1 9,500 9,500
Weighing Scale 1 2,700 2,700
Total 13,000

DEPRECIATION EXPENSES
ITEM COST ESTIMATED DEPRECIATION
USEFUL LIFE
2022 2023 2024
Office 10,200 Please see 3,400 5,100 10,200
furniture & table : Office
fixtures furniture &
fixtures
Office 13,000 5 2,600 3,250 4,334
Equipment
Total 6000 8,350 14,534

STATEMENT OF COST OF GOODS SOLD

2022 2023 2024
Beg. Inventory
Add:
Purchase of Product 356,760 381733.2 408,454.524
Direct labor 48,000 48,000 48,000
Overhead:
Packaging 7,307 7,307 7,307
Cost of Goods Sold 412,067 437,040.2 463,761.524
 Demand and Sales for 2022-2024
Demand 2022 2023 2024
Tea turmeric 1097 1206 1327
Juice 1100 1,210 1331
Diabetic Turmeric 520 572 629
Total 2,717 2988 3,287

Sales
Tea turmeric 296,190 349,740 411,370
Juice 126,500 151,250 179,685
Diabetic Turmeric 197,600 228,800 264,180
Total 620,290 729,790 855,235

PROJECTED COST FOR THE YEAR 2022-2024

2022 2023 2024
352,320 376,982.4 403,371.168

PRODUCT QUANTITY PRICE PER COST PER CONTRIBUTION MARGIN

OF PRODUCT PRODUCT UNIT
2022 2023 2024
Tea turmeric 70 270 200 70 74 78
Juice 60 115 80 35 37 39
Diabetic 35 380 290 92 96 100
Turmeric
TOTAL 197 207 217

EMPERORS TEA TURMERIC

 PROJECT INCOME STATEMENT 2022-2024
2022 2023 2024
Sales 620,290 729,790 855,235
Less: cost of Goods Sold 412,067 437,040.2 463,761.524
Gross Income 208,223 292,749.8 391,473.48

Less: Operating Expenses

Rent Expenses ₱ 48, 000.00 ₱ 48, 000.00 ₱ 48, 000.00
Salary
Office Supplies 998 998 998
Transportation 54,000 54,000 54,000
expenses
Promotional expenses 4,400 4,400 4,400
Depreciation expenses 6000 8,350 14,534
Total operation
expenses
Income before tax
Less: income tax
Net income