PROJECTED STATEMENT OF FINANCIAL PERFORMANCE (INCOME STATEMENT)

2021
Net Sales 524,328.00
Less: Cost of Sales 340,367.00
Gross Profit 183,961.00
Less: Operating Expenses
Administrative 8,881.00
Selling 300.00
9,181.00
Net Incme before Tax 174,780.00
Income Tax -
Finance Cost -
Net Income after Tax 174,780.00

PROJECTED STATEMENT OF FINANCIAL POSITION (BALANCED SHEET)

2021
Assests
Current Assests
Cash 195,322.18
Accounts Receivable, net 78,128.87
Inventory 117,193.31
390,644.35
Non-current Assets
Property, Plant & Equipment, net 5,572.05
396,216.40

Liabilities
Current Liabilities
Accounts Payables 26,216.40
Total Current Liabilities 26,216.40

Non-current Liabilities
Loans Payable - non current -
Total Liabilities 26,216.40

Capital

Rhoella Dizon 52,857.14

Shermine Sartaguda 52,857.14
Carla Corpuz 52,857.14
Mary Joy Tolentino 52,857.14
Genie Vieb Bejer 52,857.14
Marie Diala 52,857.14
Jorgia Solano 52,857.14
 370,000.00
Total Liabilities and Equity 396,216.40

PROJECTED STATEMENT OF CHANGES IN EQUITY

2021
JGRCSM HOME DESIGNS, Capital
Beginning -
Initial Investment 370,000.00
Net Income 174,780.00
Withdrawal -
Ending 544,780.00
Selling Price to the Retailers

2020
Direct Materials Used 72.78
Factory Overhead 47.22
Total Cost 120.00
Mark-up Rate 50%
Mark-up 60
Selling Price to Retailers 180.00

Selling Price to Retailers 180.00

Annual Production 2913 10.554347826087

Total Project Cost
SUBTOTAL TOTAL
FIXED ASSESTS
Factor Furniture and Fixtures 1,699.05
Office Furnitures and Fixtures 3,873.00 5,572.05
OPERATION EXPENSE
Direct Materials 212,003.00
Indirect Materials 128,364.00
Utilities 3,024.00
Office Supplies 238.00
Miscellaneous Expense 305.00
Advertising Expense 300.00
Taxes and Licenses 5,314.00
Freight Out 349,548.00
TOTAL PROJECT COSTS 355,120.05
Cash Contingencies 14,879.95
ADJUSTED TOTAL PROJECT COST 370,000.00

390,644.35
 FACTORY FURNITURES AND FIXTURES

Product
Description Quantity Unit Cost Total Cost
Specification

Plastic Mono
Working Chair 1 piece 130.00 130.00
Block
Mono Block Table
Working Table 1 piece 759.05 759.05
30X30
Wall Clock Plastic/Circle 1 piece 65.00 65.00
Standard Fan Desk Fan 16” 1 piece 745.00 745.00
Total 1,699.05

OFFICE FURNITURE AND FIXTURES

Product
Description Quantity Unit Cost Total Cost
Specification
Stainless steel
Office Chair 1 piece 1,000.00 1,000.00
with handle bar
Wood (120cm x
Office Table 1 piece 1,849.00 1,849.00
43cm x 120cm)
Wood, (31cm x
File Organizer 1 piece 279.00 279.00
40cm x 25cm)
Standard Fan Desk Fan 16” 1 piece 745.00 745.00
Total 3,873.00

OFFICE SUPPLIES

Product
Description Quantity Unit Cost Total Cost
Specification

Pencil 2 pieces 6.00 12.00

Official Receipt 60 sheets 16.00 16.00
Ballpen 2 pieces 14.00 14.00
Legal size,
Bond Paper 1 ream 172.00 172.00
8.5”X14”
Ruler 12 inches 1 piece 12.00 12.00
Scissor 1 piece 12.00 12.00
Total 238.00

MISCELLANEOUS SUPPLIES
Product
Description Quantity Unit Cost Total Cost
Specification
Broom Raffia Broom 1 piece 50.00 50.00
Dustpan Plastic 1 piece 35.00 35.00
Rags Fabric 10 pieces 5.00 50.00
Trash bin Plastic 1 piece 170.00 170.00
Total 305.00

DIRECT MATERIALS (annual)

Product
Description Quantity Unit Cost Total Cost
Specification
Long Nose Cutter
Pliers 1 piece 35.00 35.00
Pliers
2mm (Black,
Aluminum Wire Silver, Gold, Rose 16,560 meters 64.00/5meters 211,968.00
Gold)
Scratch Paper Used papers - - -
Total 212,003.00

INDIRECT MATERIALS (annual)

Product Unit Total
Description Quantity
Specification Cost Cost
Box 552 kilos 2.50 1,380.00
20 inches*10
Bubble Wrap 276 roll 67.00 18,492.00
meters
Yarn Jute Brown Kraft 552 rolls 10.00 5,520.00
Packaging Tape 552 pieces 50.00 27,600.00
276 pack
Sticker Paper Glossy (105gsm) 43.00 11,868.00
(20pcs/pack)
Vellum Board 276 pack
200gsm 30.00 8,280.00
Paper (10pcs/pack)
276 roll (40m x
Kraft Paper 40m x 18" width 199.00 54,924.00
18" width/roll)
Paint Brush 12 pieces 10.00 120.00
Watercolor 12 pieces 15.00 180.00
Total 128,364.00

TAXES AND LICENSES

Particulars Amount
SEC Registration 500.00
BIR 500.00
Mayor’s Permit 250.00
Business Tax 100.00
Medical Fee 200.00
Zoning Fee 1,400.00
Fire Inspection
584.00
Fee
Garbage Fee 1,000.00
Business Plate
130.00
Fee
Annual Inspection
650.00
Fee
Total 5,314.00

ADVERTISING EXPENSE
Product
Description Quantity Unit Cost Total Cost
Specification
Tarpaulin 2ft x 3ft 2 pieces 150.00 300.00
Total 300.00

UTILITIES EXPENSE (annual)

Product
Description Quantity Unit Cost Total Cost
Specification
Electricity Minimum bill 12 months 70.00 840.00
Water Minimum bill 12 months 182.00 2,184.00
Total 3,024.00