COHO + MELC QUAWS

Course Outline & Hand-outs LEARNING WORKSHEET No. 3

paired with MELC- Based
Quality Assured Learner’s ENTREPRENEURSHIP
Worksheet

Name: _________________________________ Grade & Section: _________________________

Teacher: _______________________________ Date Submitted: __________________________

MELC: Forecast the revenues of the business and forecast the costs to be incurred

Objectives/Subtasks: 1. Define forecasting revenues, the steps of forecast and its importance.
2. Forecast the revenue, cost and expenses.

Lesson/Topic: Entrepreneur and Entrepreneurship

Semester: Second Week No. 3 Day: 1 - 4

Activity 1
Direction: Choose from the words inside the box that best fit each statement below. Write your answer
on the blank provided before each number.

Forecast Revenue Expenses Cost

Average price per unit and number of units sold Forecasts are rarely perfect

Short range forecasts are less accurate than long range forecasts

_________________1. A statement about the future of a variable of interest.

_________________2. Income generated from normal business operations and includes discounts and
deductions for returned merchandise.
_________________3. An outflow of money or assets to another individual or company as payments for
an item or service.
_________________4. Two variables in coming revenue.
_________________5. Which of the following is not true for forecasting.

Activity 2
Directions: Supply the concept map below.

Importance of
Forecasting
Revenue
Activity 3.
Directions: Solve for the missing number on the box. Show your solution in a separate sheet of paper.

Products Unit price Units Sold Revenue

A Php 15 587 ?
B ? 450 Php 4,500
C Php 21.5 ? Php 7,525
D Php 17. 7 486 ?
E ? 534 Php 7262.4

Activity 4.
Direction: Make a product forecast by using graph based on the result in activity 3.

1. What can you conclude based on the result of the forecast?

RUBRICS FOR SCORING (Activity 4)

CRITERIA DESCRIPTION POINTS POINTS OBTAINED
ORGANIZATION The concept was
clearly and creatively 10
conveyed.
CONTENT The reason why these
suppliers differ in terms 5
of price were clearly
discussed.
PRESENTATION The idea was clearly
presented based on the 5
words used.
Total:
20
Answer’s Key:

Activity no. 1 Activity no. 2 Activity no. 3

1. Forecast Importance of Forecasting Revenue 1. Php 8805
2. Revenue  It establishes goals and sales targets 2. Php 10
3. Expenses  It forces you to know your numbers 3. 350 units
4. Average price per  It the business on the future by learning from its 4. Php 8602.20
unit and number of past 5. Php 13.6
unit sold  If you are publicly listed, your organization
5. Short range needs forecasts for shareholders, investors and
forecasts are less financiers.
accurate than long
 It highlights where different products are in the
range forecasts
product life cycle.
 Accurate forecasts improve future business
planning and decision making

Activity 4.