TAKE A BAKE

Partner's Contribution
Partner's Name Initial Capital Contribution
1 Abrogueña, Cathlyn Faith C. ₱2,200.00
2 Babula, Ma. Alexandrea E. ₱2,200.00
3 Balacoa, Charina M. ₱2,200.00
4 Basinillo, Resterine Marie D. ₱2,200.00
5 Calimag, Tracy Louiese M. ₱2,200.00
6 Gordo, Ruth O. ₱2,200.00
7 Pagayon, Charnlize C. ₱2,200.00
8 San Diego, Ma. Kristina Cassandra C. ₱2,200.00
9 Yap, John Victor B. ₱2,200.00
Total ₱19,800.00
Projected Capital Requirement ₱19,080.70
Petty Cash ₱719.30

- This table shows the amount of the starting capital of Take a Bake that is calculated in the next table.

TOTAL INVESTMENT COST

TAKE A BAKE
Total Investment Cost
Projected Capital Requirement (Total Investment Cost)
For the period of August 2022
Cost Total Cost
Cash
Requirement for 5 days:
Schedule D Production Cost ₱59,692.80
Schedule E Salaries ₱290.00
x 5/20 days ₱59,982.80 ₱14,995.70
Bank Deposit ₱3,000.00
Pre-operating Expenses:
Schedule G Business Permit ₱575.00
Promotion ₱200.00
Schedule F Supplies ₱310.00
Total Pre-operating Expenses ₱1,085.00
Projected Capital Requirement ₱19,080.70
Projected Partner Contribution Divided by 9 members ₱2,120.08

- By scheduling all the needed expenses, we are able to get our required capital to start the first week of o0peration since product has a
short life span, we can’t buy a supply for a long period of time.

CAPITAL REQUIREMENT

TAKE A BAKE
Capital Requirement Schedule
Schedule A Rented Equipment Cost Quantity Total Cost
Laptop ₱120.00 1 ₱120.00
Cellphone ₱200.00 1 ₱200.00
Total ₱320.00

Schedule B Direct Materials Unit Cost Total Cost Per Day

Baked Sushi ₱110.00 ₱2,640.00

Schedule C Indirect Materials Unit Cost Per Day TOTAL COST

Paper Bag ₱5.00 ₱120.00 ₱750.00
Printed Sticker Paper ₱2.55 ₱61.20 ₱510.00
Cardstock ₱0.65 ₱15.60 ₱130.00
TOTAL ₱8.20 ₱196.80 ₱1,390.00

Schedule D Production Cost August - December 2022 January - July 2023

 Total Production Cost Baked Sushi
Per Day ₱2,984.64 ₱7,959.04
Per Week ₱14,923.20 ₱55,713.28
Per Month ₱59,692.80 ₱222,853.12
TOTAL ₱1,783,819.84

Schedule E Salaries
Allowances Per Day Per Week Per Month
General Manager ₱2.50 ₱12.50 ₱50.00
Financial Staff (2) ₱3.00 ₱15.00 ₱60.00
Marketing Staff (2) ₱3.00 ₱15.00 ₱60.00
Production Staff (4) ₱6.00 ₱30.00 ₱120.00
TOTAL ₱14.50 ₱72.50 ₱290.00
Schedule F Supplies Cost
Office Supplies ₱80.00
Other Supplies ₱230.00
TOTAL ₱310.00

Schedule G Business Permit

Registration ₱500.00
Stamp ₱75.00
TOTAL ₱575.00

- This table shows the schedules of supplies that is needed for the production/operation of the business

TAKE A BAKE
Capital Requirement Schedule — 2023
Schedule A Equipment Cost Quantity Total Cost
Cash Register ₱8,000.00 1 ₱8,000.00
 Cellphone ₱7,000.00 1 ₱7,000.00
Chiller ₱6,000.00 1 ₱6,000.00
Microwave Oven ₱3,000.00 1 ₱3,000.00
Total ₱24,000.00
Schedule B Direct Materials
Sushi: Weekly:
For 2023 ₱114.40 ₱7,321.60
Schedule C Indirect Materials Weekly:
Paper Bag ₱5.41 ₱2,422.78
Printed Sticker Paper ₱2.65 ₱1,188.10
Cardstock ₱8.53 ₱3,820.54
Total ₱16.59 ₱7,431.42
Schedule D Production Cost Year 2023
Per Day ₱8,277.40
Per Week ₱57,941.81
Per Month ₱231,767.24
TOTAL ₱297,986.46
Schedule E Salaries ₱2,023.00 ₱2,024.00 ₱2,024.00
Allowances Per Month Per Month Per Month
General Manager ₱6,000.00 ₱7,500.00 ₱10,500.00
Financial Staff ₱9,000.00 ₱10,500.00 ₱27,000.00
Marketing Staff ₱9,000.00 ₱21,000.00 ₱27,000.00
Production Staff ₱18,000.00 ₱31,500.00 ₱54,000.00
TOTAL ₱42,000.00 ₱70,500.00 ₱118,500.00
Schedule F Supplies ₱2,023.00 ₱2,024.00 ₱2,025.00
Office Supplies ₱1,200.00 ₱1,600.00 ₱2,000.00
Other Supplies ₱2,000.00 ₱2,200.00 ₱2,400.00
TOTAL ₱3,200.00 ₱3,800.00 ₱4,400.00
Schedule G Business Permit
Registration ₱500.00
Stamp ₱75.00
TOTAL ₱575.00
- This shows the assumption of the capital requirement of the company when they decide to continue the business.

LIST OF ITEMS

TAKE A BAKE
List of Items
Description Unit Cost Quantity Total Cost
Office Supplies
Scissors ₱15.00 1 ₱15.00
Ledgers or journals ₱55.00 1 ₱55.00
Pen ₱5.00 2 ₱10.00
Sub-Total ₱80.00
Other Supplies
Description Unit Cost Quantity Total Cost
Disinfect Alcohol ₱130.00 1 ₱130.00
Kitchen Towels Tissue Rolls ₱33.33 3 ₱100.00
Sub-Total ₱230.00
Grand Total ₱310.00

- In this table are the items that will be used maintain the cleanling and recording of transactions of the operation of the business.

STATEMENT OF INCOME

TAKE A BAKE
Projected Statement of Income
For the Period Ending December 2022
Aug Sep Oct Nov Dec TOTAL
Sales ₱36,000.00 ₱72,000.00 ₱72,000.00 ₱72,000.00 ₱18,000.00 ₱270,000.00
Less: Cost of Goods Sold ₱29,846.40 ₱59,692.80 ₱59,692.80 ₱59,692.80 ₱14,923.20 ₱223,850.00
Gross Profit ₱6,153.60 ₱12,307.20 ₱12,306.20 ₱12,306.20 ₱3,076.80 ₱46,150.00
Less: Operating Expenses
Equipment Rent ₱320.00 ₱320.00 ₱320.00 ₱320.00 ₱320.00 ₱1,600.00
Salaries ₱145.00 ₱290.00 ₱290.00 ₱290.00 ₱72.50 ₱1,087.50
Supplies ₱230.00 ₱230.00 ₱230.00 ₱230.00 ₱230.00 ₱1,150.00
Pre-operating ₱655.00 ₱655.00
Total Operating Expense ₱1,350.00 ₱840.00 ₱840.00 ₱840.00 ₱622.50 ₱4,492.50
Net Income (Loss) ₱4,803.60 ₱11,467.20 ₱11,467.20 ₱11,467.20 ₱2,454.30 ₱41,659.50

- This is the table of Statement of Income for the period August to December 2022 which is the short-term operation of the business.
- Pre-operaring expenses are consists of permits and office supplies. We made the office supplies as pre-operating expense since, we will
just gonna buy it before the operation and used it for a long time.
- Take a Bake do not compute for income tax since the net income of the business is below ₱ 250,000.00 which is according to law is
exempted from the tax.
FINANCIAL POSITION

TAKE A BAKE
Projected Statement of Financial Position
For the Period Ending December 2022
ASSETS
Current Assets
Cash on Hand and in
Bank ₱61,459.50
Total Assets ₱61,459.50
LIABILITIES AND
EQUITY
Liabilities
Capital Beginning
Balance ₱19,800.00
 Net Income - August to
December 2022
₱41,659.50
Total Liabilities &
Equity ₱61,459.50

- As the table shows, the business has no liability yet since we are just reselling a product.

TAKE A BAKE
Projected Statement of Cash Flow
As of December 2022
Net Income ₱41,659.50
Capital Investment ₱19,800.00
Drawing -
Beginning Cash Balance -
Ending Cash Balance ₱61,459.50
- This table shows that the amount of ending cash balance is equal to the amount of asset and equity.

STATEMENT OF INCOME PER YEAR

TAKE A BAKE
Projected Statement of Income
For the Years 2023 - 2025
2023 2024 2025

Sales ₱3,769,920.00 ₱6,186,240.00 ₱10,752,000.00

Less: Cost of ₱2,955,032.37 ₱4,667,054.11 ₱6,190,915.58
Goods Sold
Gross Profit ₱814,887.63 ₱1,519,185.89 ₱4,561,084.42
Less:
Operating Expenses
 Rent ₱144,000 ₱156,000.00 ₱180,000.00
Salaries ₱504,000.00 ₱846,000.00 ₱1,422,000.00
Pre-operating*
Permits and Taxes ₱575.00 ₱575.00 ₱575.00
Marketing/Promotion ₱2,400.00 2520 ₱2,400.00
Supplies ₱6,000 ₱6,300.00 ₱6,678.00
Total Operating Expense ₱656,975 ₱1,010,820 ₱1,608,678

Net Income ₱157,912.63 ₱508,365.89 ₱2,952,406.42

Income Tax (30%) 152,509.77 885,721.92
Net Income After Tax ₱157,912.63 ₱355,856.12 ₱2,066,684.49

- This table of projected statement of income for the fiscal shows that salaries are increasing every year because we planned that as the
number of production increase, the number of staff will also increase.
- Supplies are just estimation because Take a Bake is still not decided of what supplies the business will need.
- Rent on the start of long-term operation will switch from equipment rent to store rent.
- On the first year, the company did not compute for the Income Tax because of the exemption. The start of computing the tax is on the
next years.

TAKE A BAKE
Projected Statement of Partner’s Equity
For the Fiscal Years
Ended 2023 - 2025
2023 2024 2025
Capital ₱130,116.81 ₱165,912.63 ₱355,856.12
Beginning
Add: Net Income after
₱157,912.63 ₱355,856.12 ₱2,066,684.49
Tax

Less: Drawing ₱122,116.81 ₱165,912.63 ₱363,856.12

Capital Ending ₱165,912.63 ₱355,856.12 ₱2,058,684.49

TAKE A BAKE
Projected Statement of Cash Flow
For the Years Ended 2023 - 2025
2023 2024 2025
Net Income ₱157,912.63 ₱355,856.12 ₱2,066,684.49
Add: Depreciation ₱8,000.00 ₱8,000.00 ₱8,000.00
Total ₱165,912.63 ₱363,856.12 ₱2,074,684.49
Capital Investment ₱130,116.81
Equipment ₱24,000.00
Partner's Drawing ₱122,116.81 ₱165,912.63 ₱363,856.12
Beginning Cash Balance 0 ₱149,912.63 ₱347,856.12
Ending Cash Balance ₱149,912.63 ₱347,856.12 ₱2,058,684.49

TAKE A BAKE
Statement of Partnership Liquidation
December 2022
CASH Partner 1 Partner 2 Partner 3 Partner 4 Partner 5 Partner 6 Partner 7 Partner 8 Partner 9
Balance Before
₱41,659.50 ₱4,628.83 ₱4,628.83 ₱4,628.83 ₱4,628.83 ₱4,628.82 ₱4,628.83 ₱4,628.83 ₱4,628.83 ₱4,628.83
Liquidation
Payment to
₱41,659.50
Partners
- Take a Bake owners agreed to distribute all the profit equally.

TAKE A BAKE
Financial Ratios
 August to
December 2022 Ratios

Sales ₱270,000.00 100.00%

Less: Cost of Goods
Sold ₱223,848.00 82.91%
Gross Profit
Gross Profit ₱46,152.00 17.09% Margin
Less: Operating
Expense
Salaries ₱1,087.50 0.40%
Permits and Taxes ₱655.00 0.24%
Rent ₱1,600.00 0.59%
Supplies ₱1,150.00 0.43%
Total Operating
Expense ₱4,492.50 1.66%
Net Income ₱41,659.50 15.43% Net Profit Margin

F-Year 1 F-Year 2 F-Year 3

Current Assets 157,912.63 355,856.12 2,066,684.49
Current Liabilities ₱8,000.00 ₱8,000.00 ₱8,000.00
Current ratio: 19.74 44.48 258.34
Monthly Cash
Payback period Returns
Sum of the three
Aug-22 ₱4,803.60 months
Sep-22 ₱11,467.20 ₱27,738.00
Oct-22 ₱11,467.20 Initial Investment
Nov-22 ₱11,467.20 ₱19,800.00
Dec-22 ₱2,454.30 Payback Period
Less than three
₱41,659.50 months
 Return on Investment
& Net income after Tax 61,459.50/41,659.50 147.53%
Return on Equity Total Assets or Equity

Projected Production Cost

Materials Price Unit Cost
Direct Material
Baked Sushi 110 110

Indirect Materials:
Paper Bag 750 5
Printed Sticker Paper 510 2.55
Cardstock 130 0.65

Direct Labor 0.06

Indirect Labor 0.1
Transportation 6
Unit Product Cost 124.36

TAKE A BAKE
Projected Production Costs
2022
Units
Per day Per week Per Month Production Cost Total
August 24 120 480 ₱124.36 ₱29,846.40
September 24 120 480 ₱124.36 ₱59,692.80
October 24 120 480 ₱124.36 ₱59,692.80
 November 24 120 480 ₱124.36 ₱59,692.80
December 24 120 480 ₱124.36 ₱14,923.20
2023
January 64 274.29 1920 ₱124.36 ₱238,771.20
February 64 256.00 1792 ₱124.36 ₱222,853.12
March 64 283.43 1984 ₱124.36 ₱246,730.24
April 64 246.86 1728 ₱124.36 ₱214,894.08
May 64 274.29 1920 ₱124.36 ₱238,771.20
June 64 274.29 1920 ₱124.36 ₱238,771.20
July 64 283.43 1984 ₱124.36 ₱246,730.24
TOTAL ₱1,871,369.28

SALES SCHEDULE

TAKE A BAKE
Projected Sales Revenue
Per Unit
Unit Cost 124.36
Markup based on full cost 17.09 % 25.64
Product Selling Price ₱150.00

2023
January 1,920 ₱165.00 ₱316,800.00
February 1,792 ₱165.00 ₱295,680.00
March 1,984 ₱165.00 ₱327,360.00
April 1,728 ₱165.00 ₱285,120.00
May 1,920 ₱165.00 ₱316,800.00
June 1,920 ₱165.00 ₱316,800.00
July 1,984 ₱165.00 ₱327,360.00
August 1,984 ₱165.00 ₱327,360.00
September 1,920 ₱165.00 ₱316,800.00
October 1,984 ₱165.00 ₱327,360.00
November 1,856 ₱165.00 ₱306,240.00
December 1,856 ₱165.00 ₱306,240.00
Total 22,848 ₱3,769,920.00

2024
January 2,880 ₱180.00 ₱518,400.00
February 2,688 ₱180.00 ₱483,840.00
March 2,976 ₱180.00 ₱535,680.00
April 2,592 ₱180.00 ₱466,560.00
May 2,880 ₱180.00 ₱518,400.00
June 2,880 ₱180.00 ₱518,400.00
July 2,976 ₱180.00 ₱535,680.00
August 2,976 ₱180.00 ₱535,680.00
September 2,880 ₱180.00 ₱518,400.00
October 2,976 ₱180.00 ₱535,680.00
November 2,784 ₱180.00 ₱501,120.00
December 2,880 ₱180.00 ₱518,400.00
Total 34,368 ₱6,186,240.00
 2025
January 3,328 ₱250.00 ₱832,000.00
February 3,456 ₱250.00 ₱864,000.00
March 3,712 ₱250.00 ₱928,000.00
April 3,456 ₱250.00 ₱864,000.00
May 3,840 ₱250.00 ₱960,000.00
June 3,456 ₱250.00 ₱864,000.00
July 3,968 ₱250.00 ₱992,000.00
August 3584 ₱250.00 ₱896,000.00
September 3328 ₱250.00 ₱832,000.00
October 3712 ₱250.00 ₱928,000.00
November 3712 ₱250.00 ₱928,000.00
December 3456 ₱250.00 ₱864,000.00
Total 43008 ₱10,752,000.00

COST OF GOOD SOLD

TAKE A BAKE
Cost of Good Sold
Fiscal Year August 2022 – December 2022

No. of Baked Production Cost of Goods

Month (2022)
Sushi Sold Cost Sold

August 240 124.36 ₱29,846.40

September 480 124.36 ₱59,692.80
October 480 124.36 ₱59,692.80
November 480 124.36 ₱59,692.80
December 120 124.36 ₱14,923.20
Total 1800 ₱223,848.00
 2023
January 1,920 ₱129.33 ₱248,322.05
February 1,792 ₱129.33 ₱231,767.24
March 1,984 ₱129.33 ₱256,599.45
April 1,728 ₱129.33 ₱223,489.84
May 1,920 ₱129.33 ₱248,322.05
June 1,920 ₱129.33 ₱248,322.05
July 1,984 ₱129.33 ₱256,599.45
August 1,984 ₱129.33 ₱256,599.45
September 1,920 ₱129.33 ₱248,322.05
October 1,984 ₱129.33 ₱256,599.45
November 1,856 ₱129.33 ₱240,044.65
December 1,856 ₱129.33 ₱240,044.65
Total 22,848 ₱2,955,032.37

2024
January 2,880 ₱135.80 ₱391,093.92
February 2,688 ₱135.80 ₱365,020.99
March 2,976 ₱135.80 ₱404,130.38
April 2,592 ₱135.80 ₱351,984.53
May 2,880 ₱135.80 ₱391,093.92
June 2,880 ₱135.80 ₱391,093.92
July 2,976 ₱135.80 ₱404,130.38
August 2,976 ₱135.80 ₱404,130.38
September 2,880 ₱135.80 ₱391,093.92
October 2,976 ₱135.80 ₱404,130.38
November 2,784 ₱135.80 ₱378,057.46
December 2,880 ₱135.80 ₱391,093.92
Total 34,368 ₱4,667,054.11

2025
January 3,328 ₱143.95 ₱479,058.94
February 3,456 ₱143.95 ₱497,484.29
March 3,712 ₱143.95 ₱534,334.98
April 3,456 ₱143.95 ₱497,484.29
May 3,840 ₱143.95 ₱552,760.32
June 3,456 ₱143.95 ₱497,484.29
July 3,968 ₱143.95 ₱571,185.66
August 3584 ₱143.95 ₱515,909.63
September 3328 ₱143.95 ₱479,058.94
October 3712 ₱143.95 ₱534,334.98
November 3712 ₱143.95 ₱534,334.98
December 3456 ₱143.95 ₱497,484.29
Total 43008 ₱6,190,915.58

- We increase our COGS by 4% in 2023, 5% in 2024 and 6% in 2025 because of inflation every year.