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Written Work 6 in Entrepreneurship

Second Semester SY 2021-2022

ADV Corporation’s business is selling bags both for men and women. Each bag costs Php 550. How
much is the one year sales and expenses of the corporation? Prepare the sales forecast, operating budget,
projected income statement (first year by month) and projected income statement for the first three years.

NOTE 1.1: You can use tables for organize answers.

NOTE 1.2: Analyze the given where it should be used.

DETAILS:
January (550) April (200) July (400) October (360)
February (120) May (310) August (280) November (360)
March (150) June (350) September (360 December (500)

Salaries (10 employees with Php 10,000 monthly salary) *15.30

Utilities (Php 3,500) *1.20
Rent (Php 25,000) *5.90
Sales expenses (Php 20,000) *3.05
Insurance (Php 2,000) *0.5
Depreciation expenses (Php 4,000) *0.95

Supply the table with the details needed to complete the net cash flow.

STEPS CALCULATION RESULT

1. Net profit - Php 300, 000
2. Depreciation - _____________
3. Acct. receivable - Php 50, 000
4. Inventory - Php 30, 000
5. Prepaid exp - Php 10, 000
6. Acct. payable - Php 60, 000
7. Expenditures - Php 80, 000
8. Debt - Php 50, 000
9. Dividends paid - Php 10, 000
10. Sale of stock - Php 50, 000
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Show the projected balance sheet using the data given. Make sure that you’ll analyze well the data of
where it should be placed.

Retained earnings (Php 43, 000) Cash (Php 100, 000)

Common stock (Php 200, 000) Acct receivable (Php 55, 000)
Long term debt (Php 120, 000) Inventories (Php 38, 000)
Accrued expenses (Php 30, 000) Equipment (Php 300, 000)
Acct payable (Php 70, 000) Depreciation - _______________