Joviel:

Organization Plan:

The company is run by a group of ten owners. The sale of the company will be shared evenly among the
ten owners. They are responsible for the company's commitments and obligations. They must rely on
one another and each other's ideas. In this business, we need to work together to succeed.

Role of the Owner:

The role of the owners is to run the company. Each of us have a role to play in the management of the
business since there are ten owners. Every part of the business, including deliveries, production, physical
and online stores, and even promotions, will be assigned. This will all be worked on in order for the
business to succeed.

Proposed Salary:

Stillo De Gantchillo

Single Step Income Statement

Revenue

Sales 150,000

Interest 30,000

Gain on Sale of Asset 70,000

Total Revenue and Gains 250,000

Expenses and Loses

Cost of Good Solds 100,000

Depreciation 20,000

Office supplies and expenses 50,000

Salary and Wages 35,000

Supplier Expense 20,000

Total Expense 225,00

Net Income

475,000
Michaella:

PRODUCTION PLAN

Production Schedule:

- it is a plan that authorized the operations function to produce a certain quantity of an item
within a specified time frame.

DAYS TIME

MONDAY 8:00 am – 4:00 pm

TUESDAY 8:00 am – 4:00 pm

WEDNESDAY 8:00 am – 4:00 pm

THURSDAY 8:00 am – 4:00 pm

FRIDAY 8:00 am – 4:00 pm

Production Process:

In order to create the products, high-quality yarns will be used. All of our items will be
handcrafted. Since we use high-end materials, all products will be well-cared for and kept in
good condition.

Equipments Required:

Our items will be made with yarn, scissors, stitch markers, tape measures, crochet hooks,
darning needles, crochet hook organizers, and row counters. All of these items will be
purchased locally. Because our company aims to promote Filipino products, we will buy our
equipment from a local brand.

Estimated Production Cost:

The estimated cost of this minimum 500,000 pesos and maximum of 1,000,000 pesos
Operational Plan:

Suppliers:

When it comes to suppliers, we must ensure that the supply are consistent. They must be
dedicated to using high-quality materials. In addition, they must be licensed and professional in
their business.

Purchase Procedures:

Customers can buy our products both in our physical shop and online. We accept orders and
payments online. If customers place an order online, they will be charged a shipping fee based
on their location.

Storage and Inventory Control:

We won't have any problems with inventory or storage because we'll have enough products
and materials on hand. To keep ourselves and our items safe, we will have pest control and
disinfect our store.