CATANDUANES STATE UNIVERSITY

Region V
College of Health Sciences
BACHELOR OF SCIENCE IN NURSING
Virac, Catanduanes

BUSINESS PLAN

CHIRON FIRST AID KIT MERCHANDISE

Provincial Road, Catalagan Tibang, Virac, Catanduanes

www.chironqualikits@yahoo.com

OWNED BY:

Samson, Victorino Jr. M.

Molto, Jaira Ayara B.
Quiaoit, Jackqueline T.
Rodulfo, Monica M.
Sosito, Chayanne Joyance P.

1
2
 INTRODUCTION

Proposed Name of the Business

The proposed name of the business is CHIRON MERCHANDISE we are located at Provincial
Road, Calatagan Tibang, Virac, Catanduanes. Owned by Victorino Jr. M. Samson, Jaira Ayara B. Molto,
Jackqueline T. Quiaoit, Monica M. Rodulfo, Chayanne Joyance P. Sosito. This business will provide good
quality of medicine kits and merged with WC (Wonder Card) as the indications of normal values when it
comes to laboratories, vital signs such as temperature, blood pressure, heart rate, respiratory rate and
oxygen saturation to enhance skills and knowledge regarding emergency situations through first aid.

Address of the Business

Provincial Road, Calatagan Tibang, Virac, Catanduanes

Name of the Owner(s)

 Victorino Jr. M. Samson
 Jaira Ayara B. Molto
 Jackqueline T. Quiaoit
 Monica M. Rodulfo
 Chayanne Joyance P. Sosito

3
Description of the Business

Business owners of CHIRON are Victorino Jr. M. Samson, Jaira Ayara B. Molto, Jackqueline T.
Quiaoit, Monica M. Rodulfo, Chayanne Joyance P. Sosito. The proposed business will be operating to
provide access to rural communities regarding the importance of knowing how to respond and when to
respond using our first aid kits. Resources are more often limited in communities’ access to medical
facilities by treatment and transfer of patients to hospitals. Imagining places where medical treatments
are being done traditionally resources that can be found naturally such as herbs. CHIIRON aims to
connect communities in a health centered approach and to provide medical kits containing in case of
emergencies this portable kit contains the basic needs such as PRN and STAT (prescribe) storage, gauze,
betadine, hydrogen peroxide, hot compress, cold compress and bandage scissors.
The included booklet allows the target individuals to be well informed about various illness and
diseases that are common to be acquire. In collaborating with our local LGUs and RHUs targeting to
provide possible ways to promote resiliency in disaster or traumas and for individuals to receive quality
care. A well-stocked, organized, and always accessible first aid pack is a must. A first aid kit should be
kept in several places, including the automobile, the office, and the house as we prioritize your health
as your wealth.

Funding Requirements and Sources

The start – up capital for the business is obtained through personal investment of the owners.
Including all business expenses such as Raw Materials, Equipments, Furniture and Fixture associated
with permits and licensing of the business. Required capital 158,450.00 pesos, 80, 293.00 pesos will be
obtained as personal investment of the owners and the business will opted to apply for loan and
borrow form financial institutions amounted 88, 537.00 pesos additional for the obtained capital of the
business.

4
 EXECUTIVE SUMMARY
Vision Statement

“Store and restore helps people reach their full potential for health and well-being throughout their
lives and encourages good change for young people and rural communities.”

Mission Statement

“To significantly enhance the quality of your life by providing excellent medical kits, providing
advice on how to get healthier, and assisting communities in creating beneficial preparedness and
disaster response strategies”

Goals
 To drive more sales and to generate more revenue
 To execute marketing strategies efficiently to remote areas
 To expand to new market venues allowing for more exportation of products
 To establish as the top performing merchandise with good quality products
 To diversify products offered in the long run to be able to cover the business against
possible competitors

Objective
 To maximize profit market shares of product
 To ensure quality product costs
 To provide affordable access to medical resources
Core Value Statement

Collaboration: We build rapport to established connection in communities

Passion: Encourage by making your life better in more ways than one
Unity: Desired to work towards with vision
Integrity: Strengthen trust through responsible actions and honest relationships.
Empathy: We take care of our values customers and stakeholders
Business Model
The main idea of this business is to provide first aid kits to rural communities

Contribution to the Economy

Our business focuses on impacts to local community level to be able to reach out contributions to the
economy.
 Creating New Jobs: will bring opportunities to community to hire employees to expenditure
of business
 Increase Tax Base: generates revenue through converting local taxes to establish community-
based business
 Innovation: developing as much as possible innovation to improve into larger businesses
 Stimulate Economic Competition: Business
to beModel Templaand responsive to customer needs
more efficient

5
 BUSINES MODEL

Partner Key Activities Offer Customer Customer

Networ Relationship Segments
k
- Quality - Personal - Public
- Distribution - Packaging first aid Assistance - Rural
Partners - Logistics kit - Communiti Communiti
- Transport - Procureme - Convenien es es
Group Partners nt t - Diversified
- Medical - Accounting - First Aid - Transaction
Device and - Distributor kit al
First Aid kit s includes,
suppliers gauze,
- Printing betadine,
Industry hydrogen
peroxide,
Key Resources hot Distribution
compress, Channels
- Human cold
Resources compress - Direct Store
- Physical and - Online
Resources bandage - Local
- Local scissors. Distribution
Resources - Easy to - Advertising
- Intellectual obtain - Partnership
Resources everywhe - Booklet
- Financial re
Resources

Cost Structure Revenue Statement

- Taxes - Product Sales of first aid kits

- Formulate and maintain a cheaper - Advertising
structure - Partnership with LGUs
- Franchises fees
- Communications
- Transportation
- Legal
- Insurance
- Printing

6
 ENVIRONMENTAL ANALYSIS

The CHIRON Merchandising business is a local competing business that will thrive amid the
economic factors, political factors, evolving changes in the local trends, and health-related needs of the
communities.

Consumer Analysis

The business's target market is those rural areas that need access to good medicinal
supplies for emerging health-related factors that will reduce the impact of health-
related knowledge deficit and ignorance. But the business is more comprehensive than
one target market but also the schools and nursing students who need medicine kits for
personal use. Out of 15 people we surveyed in the target community, 12 out of 15
expressed their gratitude if allowed to have this type of business that will cater to the
needs of those people in a rural area that doesn't have good access to suitable
medicinal kits and an internet connection to answer their query about health-related
questions. And 3 out of 15 express that they need more convincing about this type of
business due to the emerging factors that affect the authenticity of the products.
Additionally, to weigh all the comments and suggestions, we conducted pestle and swot
analyses to further study these types of opportunities and errors in the future.

7
PESTEL Analysis

P E S T E L

Changes in Economic Safety Technologica The weather Health and

government growth and emphasis and l awareness may give way safety laws is
policies may
affect the
inflation rates health may affect to having an excellent
communities will consciousness customer good factor in
business determine the issues will trust because marketing building up to
operation due to capacity of determine of prevalent plans for the gain more
the factors that the business how the issues of fake products customer and
may further
affect the
to operate in business news. because the trust in the
requirements to an industry pursues other weather business. It
operate this type under customers to allows more will be the
of business. pressure. trust the costumer to business's
business and trust due to asset to thrive
the products accessibility in the issues
Trade through and of the
restrictions may
affect the
improved convenience. product's
pricing and marketing authenticity.
quality of the strategies.
product
produced.

8
SWOT Analysis

To understand what the business is all about and the factors that will build up opportunities
and errors, we conducted SWOT Analysis. The SWOT ANALYSIS is a strategic planning tool used to
assess your business's strengths, weaknesses, opportunities, and threats.

STRENGTHS WEAKNESS
- The location of MJJV Merchandising
is appropriate for the target
customer.
- The target customer is not limited
to rural residents but also caters to - Authenticity issues about the
customers from schools and nursing products.
students.
- Only a few businesses owner offer
this type of product.

OPPORTUNITIES THREATS
- It offers good investment as - Entry of competitors in
healthcare is an important
the marketplace
sector to support. The business
may increase customers
because it is more expansive
than one target customer .

9
 BUSINESS DESCRIPTION

Product/Service Description

(The Chiron Merchandising Shop is a local shop that caters to the rural community's health
needs, which need better access to health care. The business owners are Chayanne Joyance P. Sosito,
Jackqueline T. Quiaoit, Monica M. Rodulfo, Victorino Jr M. Samson, and Jaira Ayara B. Molto. The name
Chiron in astrology, Chiron is known as the "wounded healer" and is considered to represent our
deepest emotional and spiritual wounds. We want to show empathy to the community as our chosen
profession in the future needs a passion for delivering the best care and treatment to the patient.
Chiron Merchandising shop came up with the idea to make a set of medicine kits, emergencies
kit, and health information cards. The included items in the kits are PRN/STAT storage, gauze, betadine,
hydrogen peroxide, hot compress, cold compress, bandage scissors, and a Hand-carry health card.
The PRN/STAT/OTC drugs storage makes your medication more organized to lessen the human error in
taking their medicines at the right time and on the proper medication, it is a good product for elder
people especially they are taking their maintenance medicine. The hot compress Heat boosts the flow
of blood and nutrients to an area of the body. It often works best for morning stiffness or to warm up
muscles before activity. The cold compress Cold slows blood flow, reducing swelling and pain. It's often
best for short-term pain, like that from a sprain or a strain. The gauze, betadine, hydrogen peroxide,
and bandage scissors are products to use in emergencies, especially for wound cleaning to prevent
infection. Lastly, the hand-carry health card that allows the target individuals to be well-informed about
various illnesses and diseases commonly acquired within rural areas. These sets of medicine and
emergency kits and health information cards' purpose is to alleviate the sufferings and disseminate
health information to lessen the spread of misinformation to those rural areas who don’t have good
access to an internet connection.

10
 BUSINESS DESCRIPTION

Equipment/Materials Needed

Direct Materials (directly used in the Purpose

manufacturing process).
1. Supplier To produce the products included in the
medicine kits such as PRN/STAT/OTC drugs
storage, gauze, betadine, hydrogen peroxide,
hot compress, cold compress, and bandage
scissor.
2. Printer To print out the cards
3. Laminating equipment To laminate the cards
4. Coupon To materialize the information
5. Laptop Portable computer uses to edit and print out
the cards
Indirect Materials Purpose
(not part of the final product but are instead used
comprehensively in the production process).
1. Tables Furniture used in production and help to
improve staff’s productivity
2. Chairs Furniture used in production and help to
improve staff’s productivity
3. Filing cabinets Use to sort out receipts, orders, and
documents received
4. Drawers Furniture used in production and help to
improve staff’s productivity
5. Cutter To cut the laminated card

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Size of the Business

The size of the business of Chiron Merchandising Shop is classified as the micro size of
enterprise because of the number of employees. The shop consists of 5 employees to
accommodate customers. We have three employees for product organization, two for the
services needs of the shop, and the owners are in charge of finance and merchandising
transactions to the supplier.

Personnel Required

Direct Labor
 Supplier
Indirect Labor
 Product Organizer
 Delivery Team
 Finance and Accounting Department

12
 ORGANIZATION PLAN

Form of Business Organization

CHIRON’s MERCHANDISING form of organization is a partnership. By definition, a partnership

of business where two or more people share ownership, as well as the responsibility for
managing the business and the income or losses the business generates. Meanwhile, the
owners have also decided that they will manage the business themselves because they all have
experiences and background in managing a business.

Organizational Struct

Jackqueline T. Quiaoit
Supervisor/Owner

Jaira Ayara B. Molto Chayanne Joyance P. Sosito Monica M. Rodulfo

Staff/Owner Production/Owner Accounting/Owner

Victorino Jr M. Samson
Staff/Owner

13
Business Experience and Qualification of the Entrepreneur

Table (No.3)
Business Experience and Qualification of the Entrepreneur

NAME OF POSITION EXPERIENCE RESPONSIBILITY QUALIFICATIONS

ENTREPRENEUR
Jackqueline T. CEO 2-years She oversees She graduated of
Quiaoit experience of important Business
being CEO. elements in a Administration
business, including Major in
She has the Marketing
knowledge of oversee-day-to-day Management
business operations,
process and And has a
function set goals for problem-solving
growth, set policies aptitude.
3-years of and processes,
experience in Multi-tasker and
managing, ensure employees critical thinker
planning, and work productively
budgeting. and developed Excellent
professionally, communication,
interpersonal and
provide solutions leadership skills
to issues like profit
decline and
employee conflicts.
Monica M. Rodulfo Accountant 2-years She assists She graduated of
experience of customers, Business in
being an Accountancy
Accountant analyzed balance
sheet accounts, She knows the
3-years ensuring 100% basic
experience in accuracy on assets mathematical
processing and liabilities also knowledge and
sales and payment-related has experience

14
 payments for queries, dealing with
services and money.
provide provided to obtain
receipts to total purchase
customers amount,
accurately.
process payments,

provide change for

cash payments,

issue receipts for

payment received,

maintain accurate
records of
transactions.

she will help the

staff in production
of the service
process.
Jaira Ayara B. Molto Staff 1 She Familiar and has a She graduated of
experience knowledge in Bachelor of
being staff in medical supplies. Science in Nursing.
the hospital
for 2-years. A good proficiency She worked in
with nursing hospital since she
paraphernalia’s. graduate.

She has knowledge She has excellent

in the medical communication
supplies. and interpersonal
skills.
Victorino Jr M. Staff 2 He experience Familiar and has a He graduated of
Samson being staff in knowledge in Bachelor of
the hospital medical supplies. Science in Nursing.
for 1-year
A good proficiency He worked in
with nursing hospital since he
paraphernalia’s. graduate.

He has knowledge He has

in the medical outstanding

15
 supplies. communication
and interpersonal
skills.
Chayanne Joyance P. Production She has the provide solutions She graduated of
Sosito knowledge of to issues like profit Business
business decline and Administration
process and employee conflicts. Major in
function Marketing
oversee-day-to-day Management
operations,
Excellent
set goals for communication,
growth, set policies interpersonal and
and processes, leadership skills

Proposed Salary

16
Year Type of Number Total Total Fringe Benefits Per Total Labor
Labor of Salary Month Cost Per Year
Workers Per SSS Pag- Philhealth
 17
PRODUCTION PLAN

Table (No.)
Process-Flow Diagram for Service Process

18
SERVICE SELECTION
PRODUCTS
  WONDER CARD

SERVICE:
 PRINTING
 LOGISTICS SERVICES

Processing Plan and Equipment

Table (No.
Pre-Operating Expenses

Amount
Registration Expenses Registration with DTI (Department 1,000.00
(Duties and Licenses) of Trade and Industry)

Registration with Barangay 200.00

Business Permit in Mayor’s Office 500.00
Bureau of Internal Revenue 500.00

Preparing for the Loan Barangay Clearance 50.00

I.D Picture
Printing/Photocopying of needed 100.00
Document
Transportation Expenses 200.00

Meeting and Planning Meeting Venue 1,500.00

Food allowance 1,000.00

Fabrication & Installation of Fixed 23,000.00

Asset
Trial Service Operation 1,500.00
Raw Materials (for 1-month) 38,450.00
Rent expense (1-month deposit) 12,000.00
Marketing expense 2,500.00
TOTAL PRE-OPERATING EXPENSES 82,500.00

19
Fixed Assets and Equipment
Table (No.)
List of Fixed Assets and Equipment

Office Fixed Assets

Number Required Cost Depreciation Rate
and Equipment
Machinery and 1 183,950.00 35,325.00
Equipment
Furniture and 1 71,000.00 14,125.00
Fixture
TOTAL 254,950.00 49,450.00

Administrative Expenses
Table (No.)

Administrative Expenses

Particular Amount
Depreciation expense (Equipment) 35,325.00
Depreciation expense (Furniture and Fixture) 14,125.00
Indirect Labor Salaries and Wages 43,800.00
Total Administrative Costs: 93,250.00

20
List of Equipment

Item Cost Supplier Terms and

Conditions
Papers (coupon) 1,750.00 Paperline Enterprises Cash
77, 250.00 MRS. T. ALL IN Cash
Printer
MARKETING
Lamination 9,500.00 MRS. T. ALL IN Cash
Equipment MARKETING
Cutter 4,500.00 MRS. T. ALL IN Cash
MARKETING
Laptop 92,700.00 Bestfriend’s Cash
Enterprises
Total Equipment Cost 185,700.00

FURNITURE AND FIXTURE

Tables 30,000.00 JERRY ROMERO Cash
(carpenter)
12,500.00 Bazaar Supermarket Cash
Chairs
Filing Cabinets 15,000.00 JERRY ROMERO Cash
(carpenter)
Drawers 13.500.00 JERRY ROMERO Cash
(carpenter)
Total Equipment 56,000.00
Cost

21
Sources of Materials and Cost

Raw Materials Supplier Unit Price Quantity Total Cost Payment

of Materials Needed Terms and
Conditions
A. Direct
Materials
Printer MRS. T. 25,750.00 3 77,250..00 Cash
ALL IN
MARKETIN
G
Laminating MRS. T. 4,750.00 2 9,500.00 Cash
Equipment ALL IN
MARKETIN
G
Papers (coupon) Paperline 175.00 10 1,750.00 Cash
Enterprises
Laptop Bestfriend’s 30,900.00 3 92,700.00 Cash
Enterprises
B. Indirect
Materials
Cutter MRS. T. 1,500.00 3 4,500.00 Cash
ALL IN
MARKETIN
G
Tables JERRY 7,500.00 4 30,000.00 Cash
ROMERO
(carpenter)
Chairs Bazaar 1,250.00 10 12,500.00 Cash
Enterprises
Filing Cabinets JERRY 7,500.00 2 15,000.00 Cash
ROMERO
(carpenter)
Drawers JERRY 4,500.00 3 13,500.00 Cash
ROMERO
(carpenter)
Total Material - - - 256,700.00 -
Cost

22
 Estimated Production Cost Template

Product Planned Direct Direct Labor Factory Total

Producti Materials Overhead Cost
on
Volume
Per Total Per Total Per Total
Uni Unit Unit
t
Wonder 50 18 181,200.0 3 30,000.0 6 72,000.0 283,200.0
Card 0 0 0 0
Medicine 50 9 384.5 3 30,000.0 6 72,000.0 102,384.5
Kit 0 0

Labor Cost
Year Type of Labor Number of Total Salary Total Fringe Total Labor
Workers Per Month Benefits Per Cost Per
Month Year
1 Direct Labor 5 30,000.00 500 72,000.00
Indirect Labor 1 14,700.00 4.7 14,700.00
Total Labor Cost 86,700.00

Direct Labor Cost

Product Production Time Per Direct Labor Rate Direct Labor Cost
Unit Per Product Unit
Wonder Card 228 700 307
Medicine Kit 228 700 307

23
Factory Overhead Expenses

Overhead Item Year

1 2 3 4 5
Salary Expense 43,800.00 43,800.00 43,800.00 43,800.00 43,800.00
Rent Expense 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Repair and Maintenance 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Utilities Expense 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Total Factory Overhead Per
Year
Factory Overhead Per 217,800.00
Product Unit

24
 OPERATIONAL PLAN

Evaluation of Suppliers

Chiron Merchandising Shop will conduct a thorough inspection upon receiving the materials.
Forms will be filled out by the person in charged stating that the materials are received completely and
in quality level. Manual checking of the quantity from the ordered and received materials shall be
compared and checked in the given forms.

Purchase Procedures

Chiron Merchandising Shop will evaluate the materials received from the suppliers such as the
products included in the medicine kit. The person in charged will receive and check whether the
quantity of materials is complete and then do the inventory of materials. The person in charged will
inspect the date of expiry in every box of medicine received and checking if the product is sealed and
original. If products are damaged or expired it will be sent back to the supplier and be replaced with a
new one. Upon receiving other direct materials, it will undergo to a quality control process, where it will
be checked one by one. Rejected materials will be then used as an alternative way of designing and
packaging our product, making it more eco-friendly.

Storage and Inventory Control

Chiron Merchandising shop will make use of the small storage area beside the shop, owned by Ms.
Chayanne Joyance Sosito. With the said warehouse, it is easier for us to pull-out some finished products
that are to be delivered. The warehouse will be managed by Chayanne Joyance Sosito, in every product
that will be pull-out from the warehouse, it will be checked by Ms. Sosito, to ensure that right quantity
is taken. A pull-out form shall be given and signed by Ms. Sosito, wherein the quantity and type of
product is stated in the forms. The person who will transfer the product shall log booked and write the
quantity, type of product, time and date with their signature on the record book, then Ms. Sosito will
counter sign to ensure that the product was taken with her permission and guidance. At the end of the
day, Ms. Sosito will then write a report about the total number of products that are taken and by
whom.

Sales Procedures

Expanding our sales production would not just be within the province, Chiron Merchandising Shop
would also export products. We would make use of the logistics team available in the province.
Customer’s information shall be provided on the delivery forms to ensure that they will receive the item
on the said address. If they have received a defected product, they should present a recorded video of
them opening the parcel for them to have a refund. Upon the shipping process, we would inform the
customer that their parcel has been passed down to the logistics team and is on processed of delivery.25
 MARKETING PLAN

Product
Chiron Merchandising Shop have created a product called store and restore. Store and restore
was generated for the people, especially those who are in the remote area. The said product is a
medicine kit, some of its inclusions are: Over the counter drugs and first aid basic equipment attached
with some informative pocket size cards about common illness/disease acquired in the community.
The medicine kit and pocket size cards are essential especially to those people who doesn’t have any
idea on how to manage their health problems properly, its signs and symptoms and managements that
should’ve not be done to lessen the complications to happen. The main objective of this product is to
be an informative product as it is, store and restore is a product that can help you on the go. Store and
restore is a simple yet helpful product to each and every member of the community, because with this
it allows an individual to act out for its community in terms of an emergency or life-threatening
situations especially nowadays since a lot of people have acquired health problems because of their
sedentary lifestyle.

Place

Store and restore has its own stall and is available in the barangay of the said target area. Store
and restore is also available in our physical store, for those people who wants to buy in bulk order,
located in Provincial Road, Calatagan Tibang Virac, Catanduanes. For those people who wants to avail
and is not in our area can contact us with our mobile number: 09991138037, and the product will be
shipped out via express delivery.

Price

In order for our product to be avail by the public, we have used a strategy in determining our
product pricing called Cost-plus pricing . Cost-plus pricing is also known as mark-up pricing. It's a pricing
method where a fixed percentage is added on top of the cost it takes to produce one unit of a product
(unit cost). The resulting number is the selling price of the product. The owners have analyzed the
appropriate pricing without limiting the market rates of the business before finalizing the fixed price of
the product.

PRODUCT AMOUNT
Medicine kit + Wonder Card 615.20

Promotion
Chiron Merchandising shop have come up with an idea of posting and giving out flyers to the
public on the streets about our product especially to those area within the hospital vicinity. Flyers will
be posted on the streets to help with the promotion of our product. Social media will also be used in
promoting our product, where we are going to make a simple advertisement video of our product to be
posted to our social media pages and to our private social media accounts.

26
 FINANCIAL PLAN

Major Assumptions

Major Assumption Risk Financial Implication

A. Costs
213,968.85 Damage product and shipment issues Increase expenses
B. Revenue
236,100.00 The total sales did not meet the expected Increase expenses
income
C. Return on Investment
108,047.11 Pending payment of loans Increase revenue
D. Operating Expenses
104,160.00 Level of fixed cost in its operation Increase revenue
E. Startup Expenses Poor cash flow management Increase expenses
532,109.61

27
 CHIRON MERCHANDISING SHOP
Profit and Loss Statement
For the year ended December, 31, 2023

Sales P 782,040.00

Net Sales 782,040.00

Less:
Direct Materials P 415,458.75
Factory Overhead 72,000.00 487,458.75
Gross Profit P 294,581.25

Less: Administrative Expenses

Depreciation Expenses -Equipment P 35,325.00
Depreciation Expenses - Furnitures and
Fixtures 14,125.00
Indirect Labor Salaries and Wages 43,800.00
Marketing Expenses 2,500.00 95,750.00
Operating Profit 198,831.25
Less: Interest Expense (16%) P 56,664.00 56,664.00
Net Profit Before Tax 142,167.25
Less: Estimated Income Tax (24%) 34,120.14
Net Profit After Tax P 108,047.11

28
Manufacturing

CHIRON MERCHANDISING SHOP

As of December, 2023

ASSETS

Current
Assets
23,629.7
Cash P 5
Raw 203,779.8
Materials 6
227,409.6
Total Current Assets P 1
Fixed Assets
Equipment P 183,950.00
Furniture and 254,950.0
Fixtures 71,000.00 0
49,450.0
Less: Accumulated Depreciation 0
205,500.0
Total Fixed Assets P 0
Other Assets
99,200.0
Pre-Operating Expenses P 0
532,109.6
TOTAL ASSETS P 1

LIABILITIES
Long-Term Liabilities
Loans 265,612.5
Payable P 0
Total Long-Term 265,612.5
Liabilities P 0

OWNER'S EQUITY
158,450.0
Capital, Beginning P 0
108,047.1
Add: Net Profit After Tax 1
266,497.1
Total Owner's Equity P 1

29
 532,109.6
TOTAL LIABILITIES AND EQUITY P 1

Merchandising

Merchandise inventory, beginning P 78,056.00

Add
: Net purchases

Purchases P 643,419.61

Freight-in 2,500.00

Total 645,919.61

Less: Purchase returns P 8,700.00

Purchase discounts 24,037.00 32,737.00 613,182.61

Total goods available for sale 691,238.61

Less: Merchandise inventory, ending 203,779.86

Cost of goods sold or cost of sales P 487,458.75

30
 CHIRON MERCHANDISING SHOP
Statement of Comprehensive Income
For the Period Ended December, 31, 2023

Sales P 799,840.00
Less: Sales returns and allowances P 15,050.00

Sales discounts 2,750.00 17,800.00

Net Sales 782,040.00

Less: Cost of goods sold 487,458.75

Gross Profit 294,581.25

Less: Operating Expenses 186,534.14

Net Income (Loss) P 108,047.11

31
 CHIRON MERCHANDISING SHOP
BALANCE SHEET
As of December, 2023

ASSETS

Current
Assets
23,629.7
Cash P 5
203,779.8
Inventory 6
227,409.6
Total Current Assets P 1
Noncurrent Assets
Equipment P 183,950.00
Furniture and 254,950.0
Fixtures 71,000.00 0
49,450.0
Less: Accumulated Depreciation 0
205,500.0
Total Fixed Assets P 0
Other Assets
99,200.0
Pre-Operating Expenses P 0
532,109.6
TOTAL ASSETS P 1

LIABILITIES
Long-Term Liabilities
Loans 265,612.5
Payable P 0
Total Long-Term 265,612.5
Liabilities P 0

32
 OWNER'S EQUITY
158,450.0
Capital, Beginning P 0
108,047.1
Add: Net Profit After Tax 1
266,497.1
Total Owner's Equity P 1

532,109.6
TOTAL LIABILITIES AND EQUITY P 1

Total Owner's Equity 266,497.11 50.08%

TOTAL ASSETS 532,109.61

Total Long-Term
Liabilities 265,612.50 99.67%

Total Owner's Equity 266,497.11

PROFITABILITY RATIOS

1. Gross Profit Rate

Net Sales 782,040.00

Less: Cost of Sales 487,458.75
Gross Profit 294,581.25

294,581.25
Gross Profit Rate =
782,040.00

2. Operating Profit Margin

Gross Profit 294,581.25

Less: Operating Expenses 95,750.00
Operating Profit Margin 198,831.25

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 198,831.25
Operating Profit Margin Rate = 25.42%
782,040.00

3. Return on Investment

108,047.11
Return on Investment = 48%
227,409.66

LIQUIDITY RATIOS

1. Current Ratio

227 , 409.61
Current Ratio = 85.62%
265 , 612.00

SOLVENCY RATIOS

1. Debt Ratio

265,612.50
Debt Ratio = 49.92%
532, 109.61

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 2. Equity Ratio

266 , 497.11
Equity Ratio = 50.08%
532,109.61

3. Debt to Equity Ratio

265,612.50
Debt to Equity Ratio =
266 , 497.11

Capital Requirement

Investment Item Amount Percent

1 Fixed Assets
1.1 Equipment 183,950.00
1.2. Furniture and fixture 71,000.00
Sub-Total 254,950 3.0%
2 Pre-Operating Expenses
a. Cost of Equipment 183,950.00
b. Cost of Furniture and Fixture 71,000.00
c. Less: Accumulated Depreciation 49,450.00
Sub-Total 205,500.000 3.8%
3 Working Capital
Total Fixed Assets 205,500.00
Total Long-term Liabilities 265,612.50
Sub-Total 63,118.13 1.2%

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TOTAL 523,568.13 8%

36
 APPENDICES

LANDBANK OF THE PHILIPPINES

Calatagan Tibang, Virac, Catanduanes
e-mail: customercare@mail.landbank.com

PROMISSORY NOTE

DATE: May 20, 2023 Amount: Php 88,537.00

FOR VALUE RECEIVED, we jointly and severally, promise to pay LANBANK of the Philippines, a
government financial institution that strikes a balance in fulfilling its social mandate
of promoting countryside development while remaining financially viable, located at Calatagan
Tibang, Virac Catanduanes. The sum of Php 88,537.00 in monthly installments of principal and

37
interest for five (5) years. The first repayment will be made on January 2024 and the last
payment on December 2028. The loan shall bare interest at the rate of 16% per annum
computed in straight line method (attached in annual amortization schedule for repayment).

In case of any default in payment as here in agreed, the entire balance of this loan shall become
immediately due and payable.

It is further agreed by party hereto, that in case payment shall not be made at maturity, the
borrower and co-maker shall jointly and severally pay the cost of collection and attorney’s fee
in amount equal to 16% of the principal and interest due on this note.

In case of judicial execution of this obligation or any part of it, the debtor waives all this right
under the provisions of Rule 3, Section 13 and Rule 39, Section 12 of the Rules of court.

JACKQUELINE T. QUIAOIT
Borrower Name and Signature

MONICA M. RODULFO VICTORINO JR M. SAMSON

Co-maker Name and Signature Co-maker Name and Signature

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CURRICULUM VITAE

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