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    Fiancial Plan

    Uploaded by

    juls
    1) The handicrafts business plans to rent a space in Barangay Busay, Albay and purchase materials from a supplier in Guinobatan, incurring transportation costs. 2) The business owners will manage daily operations to achieve objectives and ensure success. 3) The financial tables show a start-up funding of ₱3,000, expenses of ₱2,440 for the first week, and a profit of ₱1,050, leaving ₱16,050 in cash for continued stable and growing operations.

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    Fiancial Plan

    Uploaded by

    juls
    22 views3 pages
    1) The handicrafts business plans to rent a space in Barangay Busay, Albay and purchase materials from a supplier in Guinobatan, incurring transportation costs. 2) The business owners will manage daily operations to achieve objectives and ensure success. 3) The financial tables show a start-up funding of ₱3,000, expenses of ₱2,440 for the first week, and a profit of ₱1,050, leaving ₱16,050 in cash for continued stable and growing operations.

    Original Title

    FIANCIAL PLAN

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    1) The handicrafts business plans to rent a space in Barangay Busay, Albay and purchase materials from a supplier in Guinobatan, incurring transportation costs. 2) The business owners will manage daily operations to achieve objectives and ensure success. 3) The financial tables show a start-up funding of ₱3,000, expenses of ₱2,440 for the first week, and a profit of ₱1,050, leaving ₱16,050 in cash for continued stable and growing operations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views3 pages

    Fiancial Plan

    Uploaded by

    juls
    1) The handicrafts business plans to rent a space in Barangay Busay, Albay and purchase materials from a supplier in Guinobatan, incurring transportation costs. 2) The business owners will manage daily operations to achieve objectives and ensure success. 3) The financial tables show a start-up funding of ₱3,000, expenses of ₱2,440 for the first week, and a profit of ₱1,050, leaving ₱16,050 in cash for continued stable and growing operations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    FINANCIAL PLAN

    As a starting handicrafts business, we have a huge financial budget plan. We intend to


    rent a space for the setting of our business. We’ve decided to set it up at Barangay Busay,
    Cagsawa, Daraga, Albay. The materials needed for the products will come from one of the
    suppliers in Guinobatan. Therefore, we will have to pay for the transportation of the materials.

    The business owners are going to manage the day to day operation of the business to
    achieve its desired objectives. Their effectiveness and efficiency will help to ensure the
    venture’s success.

    Here are the financial tables provided for starting a handicraft business.

    START-UP FUNDING REQUIREMENT

    PARTICULARS AMOUNT AMOUNT


    Sources of Funds:
    Personal Funds ₱3,000
    Total funds provided ₱3,000

    Application of Funds:
    Purchase of materials ₱1,040
    Purchase of equipment ₱200
    Delivery Expense ₱200
    Rent Expense ₱1,000
    Total ₱2,440

    PRODUCT QUANTITY SELLING PRICE

    PURE ABACA 5 120

    PURE BAKBAK 5 90

    ABACA WITH 5 80
    RIKRAK

    ABACA WITH 5 100


    BAKBAK

    PURE RAFFIA 5 140

    TOTAL 25 2,650
    DAYS PROJECT VOLUME PROJECT SALES

    PURE PURE ABACA ABACA PURE


    ABACA BAKBAK WITH WITH RAFFIA
    RIKRAK BAKBAK
    MONDAY 5 5 5 5 5 2,650

    TUESDAY 5 5 5 5 5 2,650

    WEDNESDA 5 5 5 5 5 2,650
    Y

    THURSDAY 5 5 5 5 5 2,650

    FRIDAY 5 5 5 5 5 2,650
    TOTAL

    MON TUE WED THU FRI

    GROSS 2650 2650 2650 2650 2650 13,250


    SALE
    GROSS 2650 2650 2650 2650 2650 13,250
    INCOME
    EXPENSES 2440 2440 2440 2440 2440 12,200

    PROFIT 210 210 210 210 210 1,050

    BEGINNING 3000 3000 3000 3000 3000 15,000


    CASH
    ENDING 3210 3210 3210 3210 3210 16,050
    CASH

    ANALYSIS
    Based on the financial tables provided above, the business used an amount of ₱2,440
    for the start-up cost and has an increasing profit of ₱1,050 on the first week of production.
    Hence, the calculated closing balance is ₱16,050. The business is expected to be in a stable and
    growing financial position in the following weeks of production.

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