Republic of the Philippines

Department of Education
REGION I
SCHOOLS DIVISION OFFICE OF ALAMINOS CITY
ALAMINOS CITY NATIONAL HIGH SCHOOL
POBLACION, ALAMINOS CITY, 2404 PANGASINAN, PHILIPPINES

ENTREPRENEURSHIP
Income Statement

Members

Mark Angelo R. Biazon

I. Organizational Performance

Day to Day Performance

Members
Mon Tue Wed Thu Fri
Mark Angelo R. Biazon ✔

II. Work Quality

The materials and ingredients used in the making of product are completely
consumed during the process of making with no product defects.

III. Work Quantity

A. Units Produced
The ingredients we bought for making the product amounted to ₱85 which was
good for 5 days but with different amounts of units produced per day. The table below
shows the number of units produced in the 5 consecutive days:

Day Number of Units Produced

Monday 0
Tuesday 0
Wednesday 0
Thursday 120
Friday 0

B. Sales

Day Sales for the Day

Monday ₱0.00
Tuesday ₱0.00
Wednesday ₱0.00
Thursday ₱120.00
Friday ₱0.00
TOTAL ₱120.00
The sales gathered from day to day activity varied directly to number of units
produced as we sell the product for 5 pesos each. There is an adjustment for how we
produced the units to come up with vast number of units to higher profits.

C. Income Statement

Total Revenue ₱100.00

Cost of Goods Sold ₱85.00
Gross Profit ₱35.00
Week 1

DAY 1 (MAR. 21, 2020)

 Swiss miss Cookies

Start-up Capital: 100

Expenses Amount
All purpose flour P65
Margarine P20
Swiss miss powder P0
Sugar P0
Total P85

Capital: P100

Expense: P85

Excess Capital: P15

Items Amount
24pcs. × 5 P120

Revenue: P120

Expense: P85

INCOME: P35

The total income for the day is 35 (thirty five and giving some free state
for their feedback to my homemade cookies).
DOCUMENTATION

Day 1