Final Pastiliciously

UNIVERSITY OF SAINT ANTHONY
(Dr. Santiago G. Ortega Memorial)

City of Iriga
COLLEGE OF ACCOUNTANCY
PROJECT SUMMARY
A. NAME OF THE PROJECT
The proposed name of the business is Pastiliciously, combining the
words “pastillas” and “deliciously” stating that we offer delicious pastillas
made more sumptuous with special fillings. The pastillas we offer the
endeavors of life must be “deliciously” that is faced with optimism and a
desire to succeed. Success brings happiness, and a delicious treat brings joy
something we want to give as our customers indulge our pastillas.
B. LOGO OF THE BUSINESS
The logo was chosen by the business's proponents because we believe
it will symbolize and represent the business’ purpose. To match our product,
the proponents utilized simple designs and colors. Our product's design is
relatively simple; we simply put our company name, Pastiliciously, which is
derived from the words "pastillas" and "delicious."
Color is significant because it forms customers' first impressions of
things and influences their purchasing decisions. We chose pastel colors
because they are all attractive to the sight, and they represent how exquisite
our product is.
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Finally, our tagline "Feel the Fillings" will entice customers to taste the
tantalizing variety of fillings inside our product, which they will undoubtedly
want to eat again and again.
C. DESCRIPTION OF THE INDUSTRY
The confectionary industry has been a popular industry in the
Philippines with the chocolate industry dominating it thereby taking the
largest market share. The presence of confectionaries both in groceries and
streetside stalls have been commonplace. However, the form of
confectionaries offered in these two sites where sale is made largely differs.
Most groceries and/or convenience stores especially those whose trade names
are well-known in the Philippines offer chocolates, vanilla, and other sweets
we can categorize as having American influence. On the other hand,
streetside stalls termed as “tiangges” offer sweets that are either originally
rooted in Filipino culture or having foreign influence aside from Western
mainstream influences. Examples include pastillas, Sampaloc candy, polvoron,
espasol, among others.
D. DESCRIPTION OF THE PROJECT
The business is a small-scale sweet shop catering sweets offering
primarily pastillas shaped in a round form with fillings cheese, chocolate, and
marshmallows complementing the sweet taste of pastillas. The significant
goal of the business's proponents is to come up with a classic delicacy,
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pastillas, with a new twist of flavor by adding fillings. Pastillas with a variety
of fillings are now available to the public. Customers can now have a
mouthwatering experience at any time of day since they can afford it.
Our product's ingredients can mostly be found in supermarkets such as
Ongto Express Mart, LCC, Lucky, and other local supermarkets. The business'
proponents are all University of Saint Anthony students; hence most of the
targeted customers are coming from there. As our business grows, we will be
able to serve consumers outside of the University, allowing us to offer our
product to an immense range of people. Furthermore, the proponents of the
business are committed to providing customers with satisfaction by supplying
a delicious, safe, and high-quality product at a low-priced, not only to meet
but also to exceed their expectations.
E. LOCATION OF THE BUSINESS
The business has no physical store aimed solely at selling the products,
per se, rather a mixture of the place of production serving both as the point
of production and point of sale and digital store would be utilized, along with
delivery. However, the consumers can pick up their orders in our
manufacturing plant. This has been decided upon reason of the health
guidelines brought about by the pandemic as such the entrepreneurs
recognized that the number of consumers that can be physically present to
view products in a physical store would be limited if not, none. Nevertheless,
the entrepreneurs also recognize that having a physical store entails a form of
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marketing and promotion as such to offset this lack of benefit, an intensive
promotional campaign would be undertaken along with having the point of
production serve also as a point of sale. Furthermore, recognizing that
deliveries are more preferred nowadays the lack of a physical store has
benefits that outweigh its disadvantages such as expenses incurred in a
physical location such as rent and utilities.
F. SUMMARY OF FINDINGS AND CONCLUSION
1. ECONOMIC ASPECT
The sweet industry is ideal and feasible because of the growing
popularity of food businesses. The market projection of the proposed
business which is entitled Pastiliciously is based on the survey conducted by
the proponents to the students and working personnels of the University of
Saint Anthony. The projections of the demand, supply, and sales for the first
5 years of the business operation are based on different factors such as
changing market trends, population growth, new business opportunities,
market acceptability, capacity to supply and the new and existing rivalry
between market participants. This study is feasible because our target market
is willing and capable of purchasing our products. The proponents concluded
that the target market of the proposed business is composed of all individuals
from different age ranges and the price of the product is determined based
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on the result of the survey and on the costs of the necessary direct and
indirect materials used in producing the product.
Since the availability of supply in the production of the product is
highly available in the market, the proponents concluded that the business
could supply the available market based on its production capacity. The
marketing strategy is essential to promote the proposed product and since we
are now living in the modern era and surfing on the internet is the trend and
the easiest way to have access, the proponents decided to use social media
accounts like Facebook, Instagram, and Twitter to reach the target market
easily. It will also provide a good communication relationship with the target
market since the customers can leave comments and suggestions on the
social media accounts of the proposed business for further product
improvement and other concerns. The proponents also believe that using
social media as a strategy is the most convenient and effective way since we
are still during the pandemic.
2. TECHNICAL STUDY
This section serves as a logical plan for the proposed business to
identify how the products will evolve and adapt changing market conditions
and the means to produce and deliver the products to the target market. The
business will offer three variety of pastillas with fillings namely Pastimallows,
Chocopastillas and Cheesetillas. These three are the initial product entrants
but as we expand our operation, we will add our menu with other sweet
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goods which our customers will likely avail. The machineries, equipment, and
supplies that will be used in the business were enumerated with their
corresponding cost and functions.
3. FINANCIAL STUDY
Pastiliciously will be geared towards the financial and economic
evaluation requirements. It will be evaluated from the aspects of its direct
and indirect effects on the business which calls for the preparation and
presentation of projected financial statements. The beginning capital of the
partnership is P200,000.00 which came from the capital contributions of each
partner to establish the business. There are no other financial sources of the
beginning capital aside from the initial contributions of the partners. The
expected payback for the investment is within one year of the business
operation.
4. MANAGEMENT STUDY
Pastiliciously is a partnership form of business organization it is
composed of five (5) partners. The five (5) partners are all general partners
with their own roles and responsibilities in the business operations. Aside
from being the partners, they will also be the workers in the production and
delivery of the products to the target market. They also agree to have an
equal profit and loss sharing ratio.
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5. GENERAL CONCLUSION
The proposed name of the business is Pastiliciously, it is a combination
of the word "pastillas" and "deliciously" and it also represent that we offer
delicious pastillas made more sumptuous with special fillings. The logo chosen
by the proponents is made of simple designs and colors because we believe
that it matches our product. The proposed business is a small-scale sweet
shop catering sweets primarily pastillas shaped in a round form with cheese,
chocolate and marshmallow fillings complementing the luscious taste of
pastillas. The proponents will use social media accounts as a business
strategy because we believe that it is the most easy and convenient way since
we are still during pandemic and adding the fact that we are now living in the
modern world where surfing on the Internet is a trend. The price of the
products is based on the survey results and the cost of direct and indirect
materials used in producing the product. It is a partnership form of business
organization, and it is composed of five (5) general partners and the partners
agreed to have equal profit and loss sharing ratio.
The sweet industry is ideal and feasible because of the growing popularity of
food businesses. Thus, this study is feasible because the target market of the
proposed business is willing and capable of purchasing our products. And
since the availability of supply in production is highly available in the market,
the proponents concluded that the business could supply the available market
based on its production capacity. It is also concluded that the capital
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contributions made by the partners is enough to finance the operation of the
business.
ECONOMIC ASPECT
A. STUDY OF DEMAND
The success of any business endeavor rests in understanding the
correlation between supply and demand. Nevertheless, putting it into tangible
strategies utilizing the supply available with the demand of the target market
ensures profitability.
Demand includes information about prospective buyers, the
characteristics of which would help the business identify buying behavior,
where marketing should be directed, why the product was favored among
various choices in the market, and as to what extent competition affects
demand.
1. Identify the Market
The market for the product includes a wide array of customers,
however the characteristic that binds them together is their involvement with
USANT. The personnel and students of USANT has been chosen as the target
market primarily to offset the disadvantages of a small-sized operation e.g.,
barangay-based along with a large-sized operation e.g., city-wide operation.
USANT is composed of personnel and students within the numbers of 6,557.
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Formula:
S2 = NV + [E2 (1- p)]
NE + V2 p(1-p)]
Where:
S2 - sample size
N - Total number of populations
V - Standard value (2.58) at 1 percent level of probability with 0.99 reliability
E2 - sampling error (0.01)
P - largest possible proportion (0.50)
= 6,557 (2.58) + [0.01 2 (1-0.05)]
6,557 (0.01) + [2.38 2 x 0.05 (1-0.05)]
= 16917.06 + 0.00005
65.57 + 1.6641
= 16917.06005
67.2341
= 251.6143 or 252
the researchers have identified 252 respondents as the needed sample
size.
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✓ Customer Segmentation
The target customers of this product are people of all ages and gender
who enjoy delicious treats.
First, the Teenagers ages from 10 to 17 who love to eat sweet and
delicious treats. Second, the young adults age ranges from 18-25 who are
looking for sweet and delicious treats that satisfy their cravings. Third, the
adults ages from 26 to 33 and lastly those ages from 34 and above who eat
sweets as a part of their healthy eating pattern.
2. Gather Demand Data
The project's proponents used several methods to gather information
for the study. These methods will be very useful in gathering essential
information on customers' tastes and preferences, as well as determining
product demand and any other information that is deemed to be useful
during the study's planning stage.
✔ Direct Observation
Observation is another great way to gather information about the
customers as it helps the researchers to gather more information and know
the behaviors of their target customers. It also helps the researchers in
identifying who are most likely to buy sweets like their products and product
based on the likings of the customers as a product of observing them.
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✔ Market Survey
A survey undertaken by the target market reveals if the product we sell
will be saleable in the actual market and thus become profitable. It also
reveals the price and form they will buy the product we offer. Furthermore,
the characteristics of our product that consumers according to the results of
the survey find detestable can be eliminated to offset the costs of changing it
once the product has been produced and the losses resulting from a general
dislike of the product due to such characteristics.
Table 1. SWOT Analysis
Strengths Weaknesses Opportunities Threats
New Product: Need for New and Cheap Rip-Off:
We offer a Introduction Unique Market The product
product that is and Niche: Having a being new is
relatively new Adjustment: new product susceptible to be
being a Consumers may opens a new recreated and
combination of require some portion of the adapted by
conventional time to be confectionary sneaky
western flavors accustomed to market businesses
and traditional this new product.
Filipino taste.
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B. STUDY OF SUPPLY
1. Conduct thorough study about the competitors
Our competitive analysis is relatively simple. After determining
products, sales, and marketing tactics of the competitors aside groceries
store who offers traditional pastillas, there is other direct competitor it
would be the souvenir shop who offers varies of local delicacies.
Researching major competitors benefits the business to implement better
strategies and capture the market.
C. PRICE STUDY
Pricing is one of the most important factors in ensuring the success of
the business. To boost our sales, we assure that our product is priced
affordable for everyone. Keeping our fees below the average market rate for
all kinds of customers will encourage to buy and visit Pastiliciously.
✓ Costing
Table 2.1 Direct Materials
UNITS PASTIMAL CHOCO CHEESETI

DIRECT
COST QUANTITY ACCOMODATED/ LOWS PASTILLAS LLAS
MATERIALS
PIECE
Milk ₱49.5 150 grams 15 16.5 16.5 16.5
Marshmallows 25 25 pcs. 25 5
Chocolate 24.9 24 pcs. 12 10.38
Cheese 16 1 12 6.67
Condensed milk 31.75 1 can 56 2.8 2.8 2.8
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Food color
- Red 5 5 pcs 140 0.18 0.18 0.18
- Blue 5 1 pc 140 0.18 0.18 0.18
- Violet 5 1 pc 140 0.18 0.18 0.18
TOTAL COST ₱162.15 ₱24.87 ₱30.25 ₱26.54
5 5 5
COST PER UNIT ₱4.97 ₱6.05 ₱5.31
Table 2.2 Indirect Materials
INDIRECT MATERIALS QUANTITY PRICE
(Per box)
Box 1 ₱6.00
Cupcake Liner 8 ₱1.28
Ribbon 1 yard ₱3.00
Logo 1 ₱4.00
TOTAL 14.28
Table 3. Price
PRODUCT DESCRIPTION PRICE
(Per box)
PASTIMALLOWS ₱76.00
CHOCO PASTILLAS ₱87.00
CHEESETILLAS ₱79.00
If per box (8 pieces/ box)-one flavor only:
✓ 8 Pastimallows x 4.97= 39.76 or 40
₱40 + ₱14.28 (packaging) = 54.28
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₱54.28 x 40% (proposed mark-up per box) = 21.71
₱54.28 + ₱21.71 = ₱75.99 or ₱76 per box
✓ 8 Choco pastillas x 6.05 = 48.4 or 48
₱48 + ₱14.28 (packaging) = ₱62.28
₱62.28 x 40% (proposed mark-up per box) = ₱25
₱62.28 + ₱25 = ₱87.28 or ₱87 per box
✓ 8 Cheesetillas x 5.31 = 42.48 or 42
₱42 + ₱14.28 (packaging) = ₱56.28
₱56.28 x 40% (proposed mark-up per box) = ₱23
₱56.28 + ₱23 = ₱79.28 or ₱79 per box
A. MARKETING PROGRAM
1. Target Market
The target market of Pastilliciously people of all ages and gender who
enjoy delicious treats. This product is not high-priced item and will be
available to all people regardless of varying income. We have created
strategies that will enable us to reach out various group of people who are
willing to buy and try our products.
2. Channel Distribution
As a new venture in competitive market, we prefer to use the direct
distribution methods. Direct marketing is the practice of reaching markets by
directly reaching out to the customer.
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✓ Meet-Up
Customers can purchase our products on our Facebook page and other
social media accounts from Monday to Friday. We will set a certain date, time,
and location for a meet up which both parties agreed to deliver and receive
the orders.
✓ Pick-Up
Customer also have an option to pick-up their selected products in
Highway 1, Zone 3, San Isidro, Iriga City which the plant location of
Pastilicious.
3. Promotion and Advertising Methods
Our advertising strategy is to promote our products which considered
to be effective to attract customers nowadays through our social media
accounts, printed posters and word-of-mouth to expose our business to
potential consumers.
✓ Word-of-Mouth (WOM) Advertising
This is one of the most powerful advertising for any business. What
special about this is gaining free publicity out of recommendation of
customers to other customers. All we must do is to attain customer
satisfaction by providing them quality of products and create good
relationship to the customer.
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✓ Social Media Advertising
Our shop has a social media accounts like Facebook page, twitter, and
Instagram for the customers to easily browse our different products and
promo packages. This social media is our way to gain publicity because our
target customers is teenagers and adults who is a media user and this also a
way to know the customers feedbacks.
Social media advertising has plenty of benefits over other forms of
advertising. Since everyone are connected to internet especially this pandemic
which we use for communication and to continue human activities online. We
cannot deny the fact the negative effect of pandemic to business entities.
Entrepreneurs should take advantage of this marketing potential of social
media.
✓ Posters
While social media certainly has its benefit in helping to promote our
products. Print advertising are still essential marketing strategy which have
been tried and tested marketing techniques over the years. We also need to
limit our print media to posters considering the safety of our potential
customers to maintain social distancing, other print media would be hassled
to distribute.
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4. Packaging
One of the things that captures the eye of the customers is the
packaging of the product. Packaging is an added but necessary expense to
protect the product in various ways, make it look presentable and it makes
the transporting of product easier. The researchers will use cup liners,
transparent boxes with a logo sticker of the proposed business and a ribbon.
5. Estimated cost of marketing
Table 4. Advertising Cost
Advertising Size Pieces Cost
Posters “11x17” 10 pcs. P 150.00
6. Marketing Staff
The marketing staff will be the researchers themselves; they are the
ones who will develop the marketing strategies like promotions,
advertisements, selling the products, etc. that will be used in the business.
TECHNICAL STUDY
A. PRODUCT
Pastillas, also called as Pastillas de leche are sweet milk candies that
are usually served for dessert. Pastillas is a Spanish word that means pills or
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tablets, while Leche means milk. However, we manufactured our Pastillas
with filling such as marshmallows, chocolates, and cheese.
PASTILLAS BASE FILLINGS
Powdered Milk Marshmallows
Condensed Milk Chocolates
Food color Cheese
B. MANUFACTURING PROCESS
Table 5. Procedures
STEPS PROCEDURE
1 First, just mix the 1/3 cup of condensed milk and food coloring until the
desired color is achieve.
2 Put the 1 cup powdered milk in the mixing bowl. Pour the colored
condensed milk gradually. Then mix it well until the two ingredients
incorporate with each other. You can use your hands to mix it, just use
a disposable hand plastic. Knead until the desired consistency is achieve.
3 When the desired consistency is achieved, get a 1/2 tablespoon of it,
and roll it into ball. After forming in ball, flatten it. After flattening it, put
the filling (marshmallow, chocolate, or the cheese) in the middle part of
the flatten dough. Turn it on the desired shape.
4 Coat it with powdered milk. Then put it on a cupcake liner.
5 And ta-da! It's done.
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C. PRODUCTION SCHEDULE
1. Quantities to produce
Number of Annual Targeted Pastillas with Fillings to Produce: 16,928 units or
2,116 boxes.
Table 6
Variation Quantity Quantity Price Total Cost
(Per order) (Per unit) (Per box)
PastiMallows 1,272 10,176 P 69.00 87,768
(8 pcs. Per box)
Choco Pastillas 316 2,528 P 56.00 17,696
(8 pcs. Per box)
Cheesetillas 528 4,224 P 60.00 31,680
(8 pcs. Per box)
2,116 16,928 137,144
2. Raw materials to purchase
Table 7
INGREDIENTS COST QUANTITY CHOCO PASTIMALLOWS CHEESETILLA
PASTILLAS S
Milk 49.5 150 grams 16.5 16.5 16.5
Marshmallow 25 25 pcs. 5
Chocolate 24.9 24 pcs.56 10.38
Cheese 16 1 6.67
Condensed milk 31.75 1 can 2.8 2.8 2.8
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Food color
- Red 5 5 pcs 0.18 0.18 0.18
- Blue 5 1 pc 0.18 0.18 0.18
- Violet 5 1 pc 0.18 0.18 0.18
TOTAL COST ₱162.15 ₱30.25 ₱24.87 ₱26.54
D. Plant Location and Layout
The importance of location and proper planning for the layout of the
facility depends on the type of business, how it will help to make the
production meet on time and accessible to the resources needed. The
manufacturing plant of Pastiliciousl will be in Highway 1, Zone 3, San Isidro,
Iriga City, which is part of third-class city province of Camarines Sur. The
proposed layout of the plant will be based on different station required in
creating the finish product.
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E. MACHINERY AND EQUIPMENT
Table 8. Equipment and Supplies
ITEMS QUANTITY PRICE DESCRIPTION
Refrigerator 1 5,000.00 Used to keep food cold
and fresh.
Office Table and chair 1 set 2,000.00 Used for seating and
space to work at.
Money box 1 150.00 Used to store and keep
money.
Ballpen 1 box 100.00 Used as writing
instrument to record
transactions.
Record Book 1 50.00 Used to record everyday
business transaction.
Calculator 1 200.00 Used as device that
perform arithmetic
operations on numbers.
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Prepaid Internet Modem 1 1,000.00 Modem that connects
network to the wider
Internet. For
communication and
advertising the products.
Table 9. Pastry Tools and Utensils
ITEMS QUANTITY PRICE DESCRIPTION
Mixing bowl 3 150.00 A medium sized bowl
for mixing the pastillas
mixture.
Spatula 3 105.00 To mix the
ingredients.
Measuring cups 2 100.00 To measure the
volume of the
ingredients.
Plate 5 125.00 A utensil used in
serving food.
Spoon 3 60.00 To mix and scoop the
mixture.
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Plastic Gloves 50 pairs 150.00 To keep the food and
place hygienic.
Plastic caps 50 250.00 Purpose of personal
protective to avoid
contamination.
Apron 5 300.00 wear over the clothes
to protect from the
mess you make while
making the product.
Dishwashing liquid 3 liters 450.00 Used in cleaning
plates and utensils for
sanitation.
Sponge and Scrub 12 240.00 Used in cleaning
plates and utensils for
sanitation
Table 10. Food Packaging
ITEMS PRICE DESCRIPTION
Cupcake liners (50 pieces) 8.00 To keep the food in an even
shape and avoid sticking
together.
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Clear box 6.00 To help protect foods from
damage, provide food safety
and extend the freshness of
foods.
Ribbon 3.00 Added as a decoration to the
packaging.
Logo sticker To visually communicate our
4.00 brand identity to attract or
recall the name of our
product.
F. WASTE DISPOSAL SYSTEM
Waste production is unavoidable for all people and businesses in all
industries. The number one issue that garbage poses is how to dispose of it,
which is why proper waste disposal is so crucial. Cleanliness and orderliness
in the production of the business are required and must be maintained
throughout the operation since it is the first thing that consumers will notice
when deciding whether to purchase the items sold by the business.
Plastics, foils, and cans account for 90% of the trash generated
throughout the Pastillas production process. The remaining 10% is made up
of spilt condensed milk, powdered milk, and/or fillings. The procedure will be
subjected to stringent quality monitoring. The store personnel will always do
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general cleaning in the production and working areas at the end of each day
to maintain the high quality of the tools and equipment used in production.
Store staff will also place garbage cans within the kitchen and outside the
store to ensure that proper waste disposal is done on a consistent basis.
Table 11. Project Waste Disposal
ITEM QUANTITY PRICE DESCRIPTION
Trash Bin 2 200.00 Used for temporarily
storing waste.
Garbage Bag 1 50.00 Disposable bag used to
contain solid waste.
G. MANUFACTURING COST REQUIREMENTS
Table 12. Raw Materials
RAW MATERIALS/ INGREDIENTS
PASTILLAS BASE FILLINGS
Powdered Milk Marshmallows
Condensed Milk Chocolates
Food color Cheese
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All ingredients needed in the production can be found in the market.
Since our manufacturing goods circulates to purchase raw materials, it plays a
huge part in the pricing of the product and profitability we are aiming for.
Locating a reliable source which gives cheaper price and easy to access
source a great way to lower the cost of raw material to be able to adjust price
and increase competitiveness of our business. Workers would be needed, two
for making the Pastillas and two assigns in packaging.
Table 13. Overhead Cost
OVERHEAD COST
Rent Expense 2,000
Utilities Expense
✓ Water 240
✓ Electricity 750
✓ Internet 1,000
MANAGEMENT STUDY
A. BUSINESS ORGANIZATION
1. Form of Ownership
The proposed business will be formed and managed under a
partnership form of business organization. By the contract of Partnership as
defined by the Civil Code of the Philippines, it is two or more persons bind
themselves to contribute money, property, or industry to a common fund,
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with the intention of dividing the profits among themselves. It is to be
registered with the Securities and Exchange Commission (SEC) to have a
certificate called Articles of Partnership and each owner will be called partner.
Pastiliciously as a partnership will be registered with the different
government agencies such as Securities and Exchange Commission (SEC),
Department of Trade and Industry (DTI) and Bureau of Internal Revenue
(BIR). The proponents of the business agreed to form a general partnership
wherein each partner is liable to the unlimited liability of the partnership up to
the extent of his/her separate property after all the assets of the partnership
are exhausted.
2. Capital Contribution
Each partner is to contribute cash worth of P40, 000 that will serve as
the beginning capital of the partnership. Partners agreed that the profit and
losses of the business shall be equally divided and distributed.
B. INTERNAL STRUCTURE
1. Organizational Chart
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The organizational chart shows the internal structure of an
organization to demonstrate clear division of function based on specialized
interest of the personnel. The Pastilicious owners shall also act as production,
distribution, marketing managers and bookkeeper.
✓ Production Manager
Oversee the manufacturing process within a business and to ensure
production will run without problems. Production managers perform task such
as inventory, making supply orders, handling disputes among team members
and regularly assessing safety standards in all areas.
✓ Marketing Manager
Marketing managers handles the marketing of a business or product to
generate customer interest in products and services across various media
channels. They often oversee the communication between a business and its
customer base.
✓ Bookkeeper
A Bookkeeper is responsible for recording and maintaining a business’
financial transactions, such as purchases, expenses, sales revenue, invoices,
and payments. The bookkeeper will record financial data into general ledgers,
which are used to produce the balance sheet and income statement.
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FINANCIAL STUDY
A. MAJOR ASSUMPTION
Table 14. Operating Days
MONTH WEEKS
JANUARY 4
FEBRUARY 4
MARCH 4
APRIL 5
MAY 4
JUNE 4
JULY 5
AUGUST 4
SEPTEMBER 4
OCTOBER 5
NOVEMBER 4
DECEMBER 5
TOTAL 52
OPERATING DAYS PER WEEK 5
OPERATING DAYS PER YEAR 260 DAYS
✓ The business set to operate for 260 days in a year.
1. Sales and purchase of direct materials expected to increase by 2% each
year based on estimated potential customer.
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2. Sales Returns and Allowances are expected to be 2.5% of Sales.
3. Sales Discounts are expected to be 2.5% of Sales.
4. Purchase Returns and Allowances are expected to be 5% of Purchases.
5. Purchase Discount are expected to be 5% of Purchases.
6. Utilities Expense, Marketing Expense and Rent Expense are assumed to
fixed.
7. Delivery Expense is fixed at P40.00 any excess will be shouldered by the
customer.
8. Office Equipment and Plant Equipment are depreciated using the straight-
line method assuming residual value P500.00 for Office Equipment and
P500.00 Plant Equipment.
9. Regulatory Fees includes renewal of permits and licenses as required to be
renewed annually.
10. The partnership income and losses are to be divided equally among the
partners.
11. Partners are allowed to withdraw 10% of their capital after profit/loss has
been distributed.
B. Sources of Financing
1. The required funds will be financed by the owners i.e., the business is
under equity financing.
2. The business will be solely funded by its owners.
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3. The term of financing is that partners will have equal interest in the
business therefore each will contribute equal amounts to the business
and receive equal shares in the profit.
✓ Sales Forecast
Formula:
C= [P x (1+%)]
Where:
C= Number of potential customers
P= Total number of populations
%= Percentage of increase
Table 15. Potential Customer
Year Percent of Number of Total Population
Increase Potential
Customer
2022 0.02 6,557 6,688
2023 0.02 6,688 6,822
2024 0.02 6,822 6,958
2025 0.02 6,958 7,097
2026 0.02 7,097 7,239
Monthly Sales Forecast = C x 70% x (1-10%)
31
City of Iriga
Where:
C= Potential willing customers
%= Percentage of willing customers
Table 16. Monthly/Annual Potential Customer
Year % Of Margin of Total Annual Monthly
willing Error population Potential Potential
customers Customer Customer
2022 70% 0.1 4,590 2,754 230
2023 70% 0.1 4,682 2,809 234
2024 70% 0.1 4,775 2,865 239
2025 70% 0.1 4,871 2,923 244
2026 70% 0.1 4,968 2,981 248
Pastilicious monthly sales forecast is presumed to be high demand on
January, February, November, and December those who have holidays. This
means potential customer buy or eat sweet products as often as there is. The
rest of the month is treated as low sales.
Monthly sales forecast= Monthly potential customers x %
anticipated sales
32
City of Iriga
Table 17. Annual Monthly Sales in Units
Month % Of 2022 2023 2024 2025 2026
Anticipated
Sales
January 90% 207 211 215 220 223
February 90% 207 211 215 220 223
March 70% 161 164 167 171 174
April 70% 161 164 167 171 174
May 70% 161 164 167 171 174
June 70% 161 164 167 171 174
July 70% 161 164 167 171 174
August 70% 161 164 167 171 174
September 70% 161 164 167 171 174
October 70% 161 164 167 171 174
November 90% 207 211 215 220 223
December 90% 207 211 215 220 223
Total Annual 2,116 2,156 2,196 2,248 2,284
Sales
Forecast
33
City of Iriga
Table 18. 2022 Projected Monthly Sales (in units)
Months Potential Pastimallows Choco Pastillas Cheesetillas
Customers
15% 60% 25%
January 207 31 124 52
February 207 31 124 52
March 161 24 97 40
April 161 24 97 40
May 161 24 97 40
June 161 24 97 40
July 161 24 97 40
August 161 24 97 40
September 161 24 97 40
October 161 24 97 40
November 207 31 124 52
December 207 31 124 52
Total 2,116 316 1,272 528
Customers
15% 60% 25%
January 211 32 126 53
February 211 32 126 53
March 164 25 98 41
April 164 25 98 41
34
City of Iriga
May 164 25 98 41
June 164 25 98 41
July 164 25 98 41
August 164 25 98 41
September 164 25 98 41
October 164 25 98 41
November 211 32 126 53
December 211 32 126 53
Total 2,156 328 1,288 540
Customers
15% 60% 25%
January 215 32 129 54
February 215 32 129 54
March 167 25 100 42
April 167 25 100 42
May 167 25 100 42
June 167 25 100 42
July 167 25 100 42
August 167 25 100 42
September 167 25 100 42
October 167 25 100 42
November 215 32 129 54
35
City of Iriga
December 215 32 129 54
Total 2,196 328 1,316 552
Customers
15% 60% 25%
January 220 33 132 55
February 220 33 132 55
March 171 26 102 43
April 171 26 102 43
May 171 26 102 43
June 171 26 102 43
July 171 26 102 43
August 171 26 102 43
September 171 26 102 43
October 171 26 102 43
November 220 33 132 55
December 220 33 132 55
Total 2,248 340 1,344 564
36
City of Iriga
Customers
15% 60% 25%
January 223 33 134 56
February 223 33 134 56
March 174 26 104 44
April 174 26 104 44
May 174 26 104 44
June 174 26 104 44
July 174 26 104 44
August 174 26 104 44
September 174 26 104 44
October 174 26 104 44
November 223 33 134 56
December 223 33 134 56
Total 2,284 340 1,368 576
Table 23. 2022 Projected Monthly Sales (in peso)
Months Pastimallows Choco Pastillas Cheesetillas
Price 76 87 79
January 2,356 10,788 4,108
February 2,356 10,788 4,108
March 1,824 8,439 3,160
37
City of Iriga
April 1,824 8,439 3,160
May 1,824 8,439 3,160
June 1,824 8,439 3,160
July 1,824 8,439 3,160
August 1,824 8,439 3,160
September 1,824 8,439 3,160
October 1,824 8,439 3,160
November 2,356 10,788 4,108
December 2,356 10,788 4,108
Total 24,016 110,664 41,712
Price 76 87 79
January 2,432 10,962 4,187
February 2,432 10,962 4,187
March 1,900 8,526 3,239
April 1,900 8,526 3,239
May 1,900 8,526 3,239
June 1,900 8,526 3,239
July 1,900 8,526 3,239
August 1,900 8,526 3,239
September 1,900 8,526 3,239
October 1,900 8,526 3,239
38
City of Iriga
November 2,432 10,962 4,187
December 2,432 10,962 4,187
Total 24,928 112,056 42,660
Price 76 87 79
January 2,432 11,223 4,266
February 2,432 11,223 4,266
March 1,900 8,700 3,318
April 1,900 8,700 3,318
May 1,900 8,700 3,318
June 1,900 8,700 3,318
July 1,900 8,700 3,318
August 1,900 8,700 3,318
September 1,900 8,700 3,318
October 1,900 8,700 3,318
November 2,432 11,223 4,266
December 2,432 11,223 4,266
Total 24,928 114,492 43,608
39
City of Iriga
Price 76 87 79
January 2,508 11,484 4,345
February 2,508 11,484 4,345
March 1,976 8,874 3,397
April 1,976 8,874 3,397
May 1,976 8,874 3,397
June 1,976 8,874 3,397
July 1,976 8,874 3,397
August 1,976 8,874 3,397
September 1,976 8,874 3,397
October 1,976 8,874 3,397
November 2,508 11,484 4,345
December 2,508 11,484 4,345
Total 25,840 116,928 44,556
Table 27. 2022 Estimate of sales Revenue
Product Year 1
Description Quantity Quantity Sales Revenue
(Per order) (Per unit)
Pastimalllows 316 2,528 24,016
(8 pcs. Per box)
Choco Pastillas 1,272 10,176 110,664
40
City of Iriga
(8 pcs. Per box)
Cheesetillas 528 4,224 41,712
(8 pcs. Per box)
Total 2,116 16,928 176,392
Product Year 1
(8 pcs. Per box)
Choco Pastillas 1,288 10,304 112,056
(8 pcs. Per box)
(8 pcs. Per box)
Total 2,156 17,248 179,644
Product Year 1
(8 pcs. Per box)
Choco Pastillas 1,316 10,528 114,492
41
City of Iriga
(8 pcs. Per box)
(8 pcs. Per box)
Total 2,196 16,928 183,028
Product Year 1
(8 pcs. Per box)
Choco Pastillas 1,344 10,752 116,928
(8 pcs. Per box)
(8 pcs. Per box)
Total 2,248 16,928 187,324
Product Year 1
(8 pcs. Per box)
Choco Pastillas 1,368 10,994 119,016
42
Pastillicious
Total
Statement of Cost of Goods Manufactured
For the year ended, December 2022
Cheesetillas
Direct Materials Used

Raw Materials Inventory, Beg. ₱ -
Add: Net Purchases
Purchases - Raw materials (1) ₱ 96,558.40
Less: Purchases Returns and Allowances (5%) ₱ 4,827.92
Purchases Discounts (5%) ₱ 4,827.92 ₱ 9,655.84
576
2,284
₱ 86,902.56
Add: Freight-In ₱ 2,080.00 ₱ 88,982.56
Raw Materials Available for Use ₱ 88,982.56
43
Less: Raw Materials inventory, End ₱ - ₱ 88,982.56
Direct Labor ₱ 5,000.00
City of Iriga
Manufacturing Overhead
Indirect Materials (2) ₱ 30,216.48
4,608
Depreciation Expense - Plant Equipment (3) ₱ 900.00

16,928
Electricity Expense ₱ 9,000.00

(8 pcs. Per box)

(8 pcs. Per box)
Water Expense ₱ 3,000.00

Rent Expense ₱ 24,000.00
C. PROJECT FINANCIAL STATEMENTS
Tools and Utensils Used (4) ₱ 3,610.00 ₱ 70,726.48

Total Manufacturing Costs ₱ 164,709.04
Add: Work in Process, beginning ₱ -
45,504
Total Cost of Goods Placed In Process ₱ 164,709.04

190,360
Less: Work in Process, End ₱ -

Cost of Goods Manufactured ₱ 164,709.04
Pastilicious

Add: Net Purchases
₱ 88,487.71
Add: Freight-In ₱ 2,080.00 ₱ 90,567.71
44
City of Iriga


Pastillicious

Add: Net Purchases
₱ 90,166.18
Add: Freight-In ₱ 2,080.00 ₱ 92,246.18
45
City of Iriga



Pastillicious

Add: Net Purchases
Less: Purchases Returns and Allowances (5%)₱ 5,126.34
₱ 92,274.05
Add: Freight-In ₱ 2,080.00 ₱ 94,354.05
46
City of Iriga



Pastillicious

Add: Net Purchases
Less: Purchases Returns and Allowances (5%)₱ 5,225.03
₱ 94,050.52
Add: Freight-In ₱ 2,080.00 ₱ 96,130.52
47
City of Iriga


Pastilicious
Projected Income Statement
For the years ended, December 2022 to 2026
2022 2023 2024 2025 2026

Net Sales (5) ₱ 167,572.40 ₱ 170,661.80 ₱ 173,876.60 ₱ 177,957.80 ₱ 180,842.00
Less: Cost of Goods Sold (6) ₱ 164,709.04 ₱ 164,337.51 ₱ 166,191.72 ₱ 168,732.56 ₱ 170,768.84
Gross Profit/ Loss ₱ 2,863.36 ₱ 6,324.29 ₱ 7,684.88 ₱ 9,225.24 ₱ 10,073.16
Less: Operating Expenses
Marketing Expense (7) ₱ 150.00₱ 150.00 ₱ 150.00 ₱ 150.00 ₱ 150.00
48
Internet Expense (8) ₱ 3,000.00₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00
City of Iriga
Delivery Expense (9) ₱ 2,080.00₱ 2,080.00 ₱ 2,080.00 ₱ 2,080.00 ₱ 2,080.00

Depreciation Expense - Office Furnitures (10) ₱ 300.00₱ 300.00 ₱ 300.00 ₱ 300.00 ₱ 300.00
Office Supplies Expense (11) ₱ 1,500.00₱ 150.00 ₱ 150.00 ₱ 150.00 ₱ 150.00
Permits and Licenses (12) ₱ 3,700.00₱ 700.00 ₱ 800.00 ₱ 900.00 ₱ 1,000.00

Income Before Tax -₱ -₱
7,866.64 55.71 ₱ 1,204.88 ₱ 2,645.24 ₱ 3,393.16
Less: Income Tax (20%/1%/2%) -₱ -₱
1,675.72 1,706.62 -₱ 240.98 -₱ 529.05 -₱ 678.63
Net Income/Loss -₱ -₱
9,542.36 1,762.33 ₱ 963.90 ₱ 2,116.19 ₱ 2,714.53
Less: Withholding Tax(10%) ₱ 176.23 -₱ 96.39 -₱ 211.62 -₱ 271.45
-₱ 9,542.36 -₱ 1,586.10 ₱ 867.51 ₱ 1,904.57 ₱ 2,443.07
City of Iriga
Pastilicious
Statement of Changes in Partners' Equity
For the years ended December 2022 to 2026
2022
Partner Catimbang Corporal Deniña Guevarra Larcena
Beg. Bal. ₱ 40,000.00 ₱ 40,000.00 ₱ 40,000.00 ₱ 40,000.00 ₱ 40,000.00
Salary ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00
Share in Profit/Loss -₱ 1,908.47 -₱ 1,908.47 -₱ 1,908.47 -₱ 1,908.47 -₱ 1,908.47
Drawings -₱ 1,954.58 -₱ 1,954.58 -₱ 1,954.58 -₱ 1,954.58 -₱ 1,954.58
End. Bal. ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95
2023
Beg. Bal. ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95 ₱ 37,136.95
Salary ₱ 928.42 ₱ 928.42 ₱ 928.42 ₱ 928.42 ₱ 928.42
Share in Profit/Loss -₱ 317.22 -₱ 317.22 -₱ 317.22 -₱ 317.22 -₱ 317.22
Drawings -₱ 3,774.82 -₱ 3,774.82 -₱ 3,774.82 -₱ 3,774.82 -₱ 3,774.82
End. Bal. ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34
2024
Beg. Bal. ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34 ₱ 33,973.34
Salary ₱ 849.33 ₱ 849.33 ₱ 849.33 ₱ 849.33 ₱ 849.33
Share in Profit/Loss ₱ 173.50 ₱ 173.50 ₱ 173.50 ₱ 173.50 ₱ 173.50
Drawings -₱ 3,499.62 -₱ 3,499.62 -₱ 3,499.62 -₱ 3,499.62 -₱ 3,499.62
End. Bal. ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56
2025
Beg. Bal. ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56 ₱ 31,496.56
Salary ₱ 787.41 ₱ 787.41 ₱ 787.41 ₱ 787.41 ₱ 787.41
Drawings -₱ 3,266.49 -₱ 3,266.49 -₱ 3,266.49 -₱ 3,266.49 -₱ 3,266.49
End. Bal. ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40
2026
Beg. Bal. ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40 ₱ 29,398.40
Salary ₱ 734.96 ₱ 734.96 ₱ 734.96 ₱ 734.96 ₱ 734.96
Drawings -₱ 3,062.20 -₱ 3,062.20 -₱ 3,062.20 -₱ 3,062.20 -₱ 3,062.20
End. Bal. ₱ 27,559.78 ₱ 27,559.78 ₱ 27,559.78 ₱ 27,559.78 ₱ 27,559.78
49
Pastilicious
Projected Balance Sheet
As of December 2022 to 2026
2022 2023 2024 2025 2026

ASSETS
Current Assets
Cash and Cash Equivalents (13) ₱ 181,560.48 ₱ 166,797.08 ₱ 154,420.16 ₱ 145,532.66 ₱ 137,748.96
Non-Current Assets
Office Furniture ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00
Accumulated Depreciation - Office Furniture (10) -₱ 300.00 -₱ 600.00 -₱ 900.00 -₱ 1,200.00 -₱ 1,500.00
Plant Equipment ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00
Accumulated Depreciation - Plant Equipment (3) -₱ 900.00 -₱ 1,800.00 -₱ 2,700.00 -₱ 3,600.00 -₱ 4,500.00
Total Assets ₱ 187,360.48 ₱ 171,397.08 ₱ 157,820.16 ₱ 147,732.66 ₱ 138,748.96
50
City of Iriga
LIABILITIES
Taxes Payable ₱ 1,675.72 ₱ 1,530.39 ₱ 337.37 ₱ 740.67 ₱ 950.08
Total Liabilities ₱ 1,675.72 ₱ 1,530.39 ₱ 337.37 ₱ 740.67 ₱ 950.08
Partners' Equity
Catimbang Capital ₱ 37,136.95 ₱ 33,973.34 ₱ 31,496.56 ₱ 29,398.40 ₱ 27,559.78

Corporal Capital ₱ 37,136.95 ₱ 33,973.34 ₱ 31,496.56 ₱ 29,398.40 ₱ 27,559.78
Deniña Capital ₱ 37,136.95 ₱ 33,973.34 ₱ 31,496.56 ₱ 29,398.40 ₱ 27,559.78
Guevarra Capital ₱ 37,136.95 ₱ 33,973.34 ₱ 31,496.56 ₱ 29,398.40 ₱ 27,559.78
Larcena Capital ₱ 37,136.95 ₱ 33,973.34 ₱ 31,496.56 ₱ 29,398.40 ₱ 27,559.78
Total Partners' Equity ₱ 185,684.75 ₱ 169,866.70 ₱ 157,482.79 ₱ 146,991.99 ₱ 137,798.88
Total Liabilities & Partners' Equity ₱ 187,360.48 ₱ 171,397.08 ₱ 157,820.16 ₱ 147,732.66 ₱ 138,748.96
Pastilicious
Statement of Cash Flows
For the year ended, December 31, 2022 to 2026
2022 2023 2024 2025 2026

Cashflow from Operating Activities
Collection from Customers ₱ 167,572.40 ₱ 170,661.80 ₱ 173,876.60 ₱ 177,957.80 ₱ 180,842.00
Payment of Permits and Licenses -₱ 3,700.00 -₱ 700.00 -₱ 800.00 -₱ 900.00 -₱ 1,000.00
Purchase of Direct Raw Materials -₱ 86,902.56 -₱ 88,487.71 -₱ 90,166.18 -₱ 92,274.05 -₱ 94,050.52
Payment for Freight-In -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00
Purchase of Indirect Raw Materials -₱ 30,216.48 -₱ 30,787.68 -₱ 31,358.88 -₱ 32,101.44 -₱ 32,623.52
Payment of Electricity Expense -₱ 9,000.00 -₱ 9,000.00 -₱ 9,000.00 -₱ 9,000.00 -₱ 9,000.00
Payment of Water Expense -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00
Set-up of Petty Cash Fund -₱ 5,000.00
Payment of Rent Expense -₱ 24,000.00 -₱ 24,000.00 -₱ 24,000.00 -₱ 24,000.00 -₱ 24,000.00
Purchase of Tools and Utensils -₱ 3,610.00 -₱ 1,440.00 -₱ 1,440.00 -₱ 1,440.00 -₱ 1,440.00
Payment of Marketing Expense -₱ 150.00 -₱ 150.00 -₱ 150.00 -₱ 150.00 -₱ 150.00
Payment of Internet Expense -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00 -₱ 3,000.00
51
Payment of Delivery Expense -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00 -₱ 2,080.00
Purchase of Office Supplies -₱ 1,500.00 -₱ 150.00 -₱ 150.00 -₱ 150.00 -₱ 150.00
City of Iriga
Payment of Tax -₱ 1,675.72 -₱ 1,530.39 -₱ 337.37 -₱ 740.67

Cash Provided/ Used by Operating Activities -₱ 6,666.64 ₱ 4,110.68 ₱ 5,121.16 ₱ 7,444.95 ₱ 7,527.29
Cashflow from Investing Activities

Purchase of Plant Equipment -₱ 5,000.00
Purchase of Office Furniture -₱ 2,000.00

Cash Provided/ Used by Investing Activities -₱ 7,000.00
Cashflow from Financing Activities

Partners' Cash Contribution ₱ 200,000.00
Partners' Drawings -₱ 9,772.88 -₱ 18,874.08 -₱ 17,498.09 -₱ 16,332.44 -₱ 15,310.99
Cash Provided/ Used by Financing Activities ₱ 190,227.12 -₱ 18,874.08 -₱ 17,498.09 -₱ 16,332.44 -₱ 15,310.99
Net Cash Inflow/Outflow ₱ 176,560.48 -₱ 14,763.39 -₱ 12,376.93 -₱ 8,887.50 -₱ 7,783.70

Add: Beginning Balance ₱ - ₱ 176,560.48 ₱ 161,797.08 ₱ 149,420.16 ₱ 140,532.66
Cash Balance ₱ 176,560.48 ₱ 161,797.08 ₱ 149,420.16 ₱ 140,532.66 ₱ 132,748.96
City of Iriga
NOTE 1
2022
Quantity Cost Per
Total Cost
Manufacture Unit
Pastimallows 2,528 ₱ 4.97 ₱ 12,564.16
Choco Pastillas 10,176 ₱ 6.05 ₱ 61,564.80
Cheesetillas 4,224 ₱ 5.31 ₱ 22,429.44
₱ 96,558.40
2023
Quantity Cost Per
Total Cost
Manufacture Unit
Pastimallows 2,624 ₱ 4.97 ₱ 13,041.28
Choco Pastillas 10,304 ₱ 6.05 ₱ 62,339.20
Cheesetillas 4,320 ₱ 5.31 ₱ 22,939.20
₱ 98,319.68
2024
Quantity Cost Per
Total Cost
Manufacture Unit
Pastimallows 2,624 ₱ 4.97 ₱ 13,041.28
Choco Pastillas 10,528 ₱ 6.05 ₱ 63,694.40
Cheesetillas 4,416 ₱ 5.31 ₱ 23,448.96
₱ 100,184.64
2025
Quantity Cost Per
Total Cost
Manufacture Unit
Pastimallows 2,720 ₱ 4.97 ₱ 13,518.40
Choco Pastillas 10,752 ₱ 6.05 ₱ 65,049.60
Cheesetillas 4,512 ₱ 5.31 ₱ 23,958.72
₱ 102,526.72
2026
Quantity Cost Per
Total Cost
Manufacture Unit
Pastimallows 2,720 ₱ 4.97 ₱ 13,518.40
Choco Pastillas 10,994 ₱ 6.05 ₱ 66,513.70
Cheesetillas 4,608 ₱ 5.31 ₱ 24,468.48
₱ 104,500.58
52
City of Iriga
Notes 2
2022
Cost Per
Description Quantity Total Cost
Unit
Cupcake Liners 16,928 ₱ 0.16 ₱ 2,708.48
Clear Box 2,116 ₱ 6.00 ₱ 12,696.00
Ribbon 2,116 ₱ 3.00 ₱ 6,348.00
Logo Sticker 2,116 ₱ 4.00 ₱ 8,464.00
₱ 30,216.48
2023
Cost Per
Unit
Cupcake Liners 17,248 ₱ 0.16 ₱ 2,759.68
Clear Box 2,156 ₱ 6.00 ₱ 12,936.00
Ribbon 2,156 ₱ 3.00 ₱ 6,468.00
Logo Sticker 2,156 ₱ 4.00 ₱ 8,624.00
₱ 30,787.68
2024
Cost Per
Unit
Cupcake Liners 17,568 ₱ 0.16 ₱ 2,810.88
Clear Box 2,196 ₱ 6.00 ₱ 13,176.00
Ribbon 2,196 ₱ 3.00 ₱ 6,588.00
Logo Sticker 2,196 ₱ 4.00 ₱ 8,784.00
₱ 31,358.88
2025
Cost Per
Unit
Cupcake Liners 17,984 ₱ 0.16 ₱ 2,877.44
Clear Box 2,248 ₱ 6.00 ₱ 13,488.00
Ribbon 2,248 ₱ 3.00 ₱ 6,744.00
Logo Sticker 2,248 ₱ 4.00 ₱ 8,992.00
₱ 32,101.44
2026
Cost Per
Unit
Cupcake Liners 18,322 ₱ 0.16 ₱ 2,931.52
Clear Box 2,284 ₱ 6.00 ₱ 13,704.00
Ribbon 2,284 ₱ 3.00 ₱ 6,852.00
Logo Sticker 2,284 ₱ 4.00 ₱ 9,136.00
₱ 32,623.52
53
City of Iriga
Notes 3
Plant Equipment: Refrigerator
Depreciation Schedule
Depreciation A ccumulate
Carrying A mount
Expense d
₱ 5,000.00
2022 ₱ 900.00 ₱ 900.00 ₱ 4,100.00
2023 ₱ 900.00 ₱ 1,800.00 ₱ 3,200.00
2024 ₱ 900.00 ₱ 2,700.00 ₱ 2,300.00
2025 ₱ 900.00 ₱ 3,600.00 ₱ 1,400.00
2026 ₱ 900.00 ₱ 4,500.00 ₱ 500.00
Notes 4
2022
Quantit Cost Per
Description Total Cost
y Unit
Mixing Bowl 3 ₱ 150.00 ₱ 450.00
Spatula 3 ₱ 105.00 ₱ 315.00
Measuring Cups 2 ₱ 100.00 ₱ 200.00
Plate 5 ₱ 125.00 ₱ 625.00
Spoon 3 ₱ 60.00 ₱ 180.00
Plastic Gloves 50 pairs ₱ 3.00 ₱ 150.00
Plastic Caps 50 ₱ 5.00 ₱ 250.00
A pron 5 ₱ 60.00 ₱ 300.00
Dishwashing Liquid 3 ₱ 150.00 ₱ 450.00
Sponge and Scrub 12 ₱ 20.00 ₱ 240.00
Trash Bin 2 ₱ 200.00 ₱ 400.00
Garbage Bag 1 pack ₱ 50.00 ₱ 50.00
₱ 3,610.00
2023
Quantit Cost Per
y Unit
Plastic Caps 50 ₱ 5.00 ₱ 250.00
A pron 5 ₱ 60.00 ₱ 300.00
Sponge and Scrub 12 ₱ 20.00 ₱ 240.00
₱ 1,440.00
54
City of Iriga
2024
Quantit Cost Per
y Unit
Plastic Caps 50 ₱ 5.00 ₱ 250.00
A pron 5 ₱ 60.00 ₱ 300.00
Sponge and Scrub 12 ₱ 20.00 ₱ 240.00
₱ 1,440.00
2025
Quantit Cost Per
y Unit
Plastic Caps 50 ₱ 5.00 ₱ 250.00
A pron 5 ₱ 60.00 ₱ 300.00
Sponge and Scrub 12 ₱ 20.00 ₱ 240.00
₱ 1,440.00
2026
Quantit Cost Per
y Unit
Plastic Caps 50 ₱ 5.00 ₱ 250.00
A pron 5 ₱ 60.00 ₱ 300.00
Sponge and Scrub 12 ₱ 20.00 ₱ 240.00
₱ 1,440.00
Notes 5
2022 2023 2024 2025 2026
Sales of Pastimallows ₱ 24,016.00 ₱ 24,928.00 ₱ 24,928.00 ₱ 25,840.00 ₱ 25,840.00
Sales of Choco Pastillas ₱ 110,664.00 ₱ 112,056.00 ₱ 114,492.00 ₱ 116,928.00 ₱ 119,016.00
Sales of Cheesetillas ₱ 41,712.00 ₱ 42,660.00 ₱ 43,608.00 ₱ 44,556.00 ₱ 45,504.00
Gross Sales ₱ 176,392.00 ₱ 179,644.00 ₱ 183,028.00 ₱ 187,324.00 ₱ 190,360.00
Less: Sales Returns and Allowances (2.5%)
₱ 4,409.80 ₱ 4,491.10 ₱ 4,575.70 ₱ 4,683.10 ₱ 4,759.00
Sales Returns Discount (2.5%) ₱ 4,409.80 ₱ 4,491.10 ₱ 4,575.70 ₱ 4,683.10 ₱ 4,759.00
Net Sales ₱ 167,572.40 ₱ 170,661.80 ₱ 173,876.60 ₱ 177,957.80 ₱ 180,842.00
55
City of Iriga
Notes 6
2022 2023 2024 2025 2026
Finished Goods Inventory, Beg. ₱ - ₱ - ₱ - ₱ - ₱ -
Add: Cost of Goods Manufactured ₱ 164,709.04 ₱ 164,337.51 ₱ 166,191.72 ₱ 168,732.56 ₱ 170,768.84
Goods Available for Sale ₱ 164,709.04 ₱ 164,337.51 ₱ 166,191.72 ₱ 168,732.56 ₱ 170,768.84
Less: Finished Goods Inventory, End ₱ - ₱ - ₱ - ₱ - ₱ -
Cost of Goods Sold ₱ 164,709.04 ₱ 164,337.51 ₱ 166,191.72 ₱ 168,732.56 ₱ 170,768.84
Notes 7
2022
Quantit Cost Per
y Unit
Posters (11x17") 10 ₱ 15.00 ₱ 150.00
2023
Quantit Cost Per
y Unit
Posters (11x17") 10 ₱ 15.00 ₱ 150.00
2024
Quantit Cost Per
y Unit
Posters (11x17") 10 ₱ 15.00 ₱ 150.00
2025
Quantit Cost Per
y Unit
Posters (11x17") 10 ₱ 15.00 ₱ 150.00
2026
Quantit Cost Per
y Unit
Posters (11x17") 10 ₱ 15.00 ₱ 150.00
56
City of Iriga
Notes 8
2022
Monthly
Description Period A nnual Fee
Fee
Internet Connection 12 months ₱ 250.00 ₱ 3,000.00
2023
Monthly
Fee
2024
Monthly
Fee
2025
Monthly
Fee
2026
Monthly
Fee
Notes 9
2022
Fare per Number of
Description A nnual Fee
Deliver Times
A verage Fare ₱ 40.00 52 ₱ 2,080.00
2023
Fare per Number of
Deliver Times
A verage Fare ₱ 40.00 52 ₱ 2,080.00
2024
Fare per Number of
Deliver Times
A verage Fare ₱ 40.00 52 ₱ 2,080.00
2025
Fare per Number of
Deliver Times
A verage Fare ₱ 40.00 52 ₱ 2,080.00
2026
Fare per Number of
Deliver Times
A verage Fare ₱ 40.00 52 ₱ 2,080.00
57
City of Iriga
Notes 10
Office Equipment: Office Table and Chair
Depreciation Schedule
Depreciation Expense Accumulated Depreciation Carrying Amount

₱ 2,000.00
2022 ₱ 300.00 ₱ 300.00 ₱ 1,700.00
2023 ₱ 300.00 ₱ 600.00 ₱ 1,400.00
2024 ₱ 300.00 ₱ 900.00 ₱ 1,100.00
2025 ₱ 300.00 ₱ 1,200.00 ₱ 800.00
2026 ₱ 300.00 ₱ 1,500.00 ₱ 500.00
Notes 11
2022
Cost Per
Unit
Money Box 1 ₱ 150.00 ₱ 150.00
Ballpen 1 box ₱ 100.00 ₱ 100.00
Record Book 1 ₱ 50.00 ₱ 50.00
Calculator 1 ₱ 200.00 ₱ 200.00
Prepaid Internet Modem 1 ₱ 1,000.00 ₱ 1,000.00

₱ 1,500.00
2023
Cost Per
Unit
Ballpen 1 box ₱ 100.00 ₱ 100.00

Record Book 1 ₱ 50.00 ₱ 50.00
₱ 150.00
2024
Cost Per
Unit
Ballpen 1 box ₱ 100.00 ₱ 100.00

Record Book 1 ₱ 50.00 ₱ 50.00
₱ 150.00
58
City of Iriga
2025
Cost Per
Unit
Ballpen 1 box ₱ 100.00 ₱ 100.00
Record Book 1 ₱ 50.00 ₱ 50.00
₱ 150.00
2026
Cost Per
Unit
Ballpen 1 box ₱ 100.00 ₱ 100.00

Record Book 1 ₱ 50.00 ₱ 50.00
₱ 150.00
Notes 12
2022 2023 2024 2025 2026
SEC Registration ₱ 2,000.00
DTI Registration ₱ 550.00
Mayor's Permit ₱ 400.00 ₱ 450.00 ₱ 500.00 ₱ 550.00 ₱ 600.00
Sanitary Fees ₱ 200.00 ₱ 250.00 ₱ 300.00 ₱ 350.00 ₱ 400.00
BIR Registration ₱ 550.00
Barangay Clearance ₱ 200.00 ₱ 250.00 ₱ 300.00 ₱ 350.00 ₱ 400.00
₱ 3,700.00 ₱ 700.00 ₱ 800.00 ₱ 900.00 ₱ 1,000.00
NOTE 13
2022 2023 2024 2025 2026
Petty Cash Fund ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00 ₱ 5,000.00
Cash in Bank ₱ 176,560.48 ₱ 161,797.08 ₱ 149,420.16 ₱ 140,532.66 ₱ 132,748.96
59
PASTILICIOUS
STATEMENT OF FINANCIAL POSITION
AS OF DECEMBER 31
2022 Percent 2023 Percent 2024 Percent 2025 Percent 2026 Percent
ASSETS
Current Assets
Cash and Cash Equivalents (13) ₱ 181,560.48 96.90% ₱ 166,797.08 97.32% ₱ 154,420.16 97.85% ₱ 145,532.66 98.51% ₱ 137,748.96 99.28%
Non-Current Assets
60
Office Equipment (net) ₱ 1,700.00 0.96% ₱ 1,400.00 0.82% ₱ 1,100.00 0.70% ₱ 800.00 0.54% ₱ 500.00 0.36%
City of Iriga
Plant Equipment (net) ₱ 4,100.00 2.31% ₱ 3,200.00 1.87% ₱ 2,300.00 1.46% ₱ 1,400.00 0.95% ₱ 500.00 0.36%
Total Assets ₱ 187,360.48 100% ₱ 171,397.08 100% ₱ 157,820.16 100% ₱ 147,732.66 100% ₱ 138,748.96 100%
D. FINANCIAL SYSTEM ANALYSIS
LIABILITIES AND PARTNER'S EQUITY

Total Liabilities ₱ 1,675.72 0.89% ₱ 1,530.39 0.89% ₱ 337.37 0.21% ₱ 740.67 0.50% ₱ 950.08 0.68%
Total Partners' Equity ₱ 185,684.75 99% ₱ 169,866.70 99.11% ₱ 157,482.79 99.79% ₱ 146,991.99 99.50% ₱ 137,798.88 99.32%
Total Liabilities & Partners' Equity ₱ 187,360.47 100% ₱ 171,397.09 100% ₱ 157,820.16 100% ₱ 147,732.66 100% ₱ 138,748.96 100%
PASTILICIOUS
INCOME STATEMENT
FOR THE YEARS ENDED DECEMBER 31
2022 Percent 2023 Percent 2024 Percent 2025 Percent 2026 Percent
Net Sales (5) ₱ 167,572.40 100% ₱ 170,661.80 100% ₱ 173,876.60 100% ₱ 177,957.80 100% ₱ 180,842.00 100%
Less: Cost of Goods Sold (6) ₱ 164,709.04 98.29% ₱ 164,337.51 96.29% ₱ 166,191.72 96% ₱ 168,732.56 95% ₱ 170,768.84 94%
Gross Profit/ Loss ₱ 2,863.36 1.71% ₱ 6,324.29 3.71% ₱ 7,684.88 4.42% ₱ 9,225.24 5.18% ₱ 10,073.16 5.57%
Less: Operating Expenses
61
Marketing Expense (7) ₱ 150.00 0.09% ₱ 150.00 0.09% ₱ 150.00 0.09% ₱ 150.00 0.08% ₱ 150.00 0.08%
City of Iriga
Internet Expense (8) ₱ 3,000.00 1.82% ₱ 3,000.00 1.76% ₱ 3,000.00 1.73% ₱ 3,000.00 1.69% ₱ 3,000.00 1.66%
Delivery Expense (9) ₱ 2,080.00 72.64% ₱ 2,080.00 1.22% ₱ 2,080.00 1.20% ₱ 2,080.00 1.17% ₱ 2,080.00 1.15%
Depreciation Expense - Office Equipment (10) ₱ 300.00 0.18% ₱ 300.00 0.18% ₱ 300.00 0.17% ₱ 300.00 0.17% ₱ 300.00 0.17%
Office Supplies Expense (11) ₱ 1,500.00 0.90% ₱ 150.00 0.09% ₱ 150.00 0.09% ₱ 150.00 0.08% ₱ 150.00 0.08%
Permits and Licenses (12) ₱ 3,700.00 2.21% ₱ 700.00 0.41% ₱ 800.00 0.46% ₱ 900.00 0.51% ₱ 1,000.00 0.55%
Income Before Tax -₱ 7,866.64 -4.69% -₱ 55.71 -0.03% ₱ 1,204.88 0.69% ₱ 2,645.24 1.49% ₱ 3,393.16 1.88%
Less: Income Tax (20%/1%/2%) -₱ 1,675.72 -1.00% -₱ 1,706.62 -1.00% -₱ 240.98 -0.14% -₱ 529.05 -0.30% -₱ 678.63 -0.38%
Net Income/Loss -₱ 9,542.36 -5.69% -₱ 1,762.33 -1.03% ₱ 963.90 0.55% ₱ 2,116.19 1.19% ₱ 2,714.53 1.50%
City of Iriga
PROFITABILITY RATIOS
2022 2023 2024 2025 2026
Profit Margin (Net Income/ Sales) -5.69% 1.03% 0.55% 1.19% 1.50%
Gross Profit Margin (Gross Profit/Sales) 1.71% 3.71% 4.42% 5.18% 5.57%
Return on Assets (Net Income/ Average Total Assets -5.09% -0.98% 0.59% 1.39% 1.90%
Return on Partner's Equity (Net Income/ Average Total Partner's Equity) -5.14% -0.99% 0.59% 1.39% 1.91%
Profitability ratios measures the ability of the business to generate
profit in relation to sales, investments, assets, or equities. The profit margin
and gross profit rate reflect how much money the firm will make and how
efficient and effective it will be in covering its costs and expenses. The return
on assets measures how much profit would be in relation to partner's equity,
while the return on partner's equity measures how well assets are used to
generate profit by management.
LIQUIDITY RATIOS
2022 2023 2024 2025 2026
Working Capital (CA-CL) 179,884.76 165,266.69 154,082.79 144,791.99 136,798.88
Current Ratio (CA/CL) 108.34:1 108.99:1 457.72:1 196.49:1 144.99:1
Liquidity ratios measures the ability of the business to pay both short-
term and long-term obligations in cash as they mature. The business's
liquidity position is strongly intertwined to its income statement's operating
activities. The current ratio analyzes the proportionate relationship of current
assets to current liabilities, and working capital is an indicator that a business
can meet its currently maturing obligations.
62
City of Iriga
SOCIO-ECONOMIC STUDY
From the acquisition of raw materials to production, packaging,
marketing, selling, delivery, and cash collecting, the project will be managed
and operated by the partners. To minimize cost, the proponents agreed to
shoulder all the labor; as a result, this project will not create jobs for
residents of the community, and so will not contribute significantly to the
reduction of unemployment rates.
The government can generate revenue through taxes to finance its
expenses, discipline trade, reduce the negative impact on resource allocation,
improve foreign trade, and modernize the economy. By paying taxes, the
company will contribute to the government's funds. Every taxable year, the
business will pay a rate of 20% on its income after deducting all required
expenses that are reasonable and allowable by law to be deducted. Because
partnerships are taxed at the same rate as corporations, they are liable to a
25% tax rate. The business, on the other hand, will only pay a 20% tax rate
because it met the conditions of having taxable revenue of little more than 5
million and total assets of no more than 100 million (excluding land).
63
City of Iriga
Appendix A
REQUEST TO OBTAIN STATISTICAL INFORMATION
TO : MR. CHRISTIAN I. LAMUD

Human Resource Development Officer
FROM : DJOANA JANE M. CATIMBANG

MARIE LIZ B. CORPORAL
ELAINE MAE S. DENIÑA
CHRISTIAN JAY P. GUEVARRA
ASHLEY DANIELA A. LARCENA
Researchers, BS in Accountancy
THRU : MRS. JENNIFER A. MENDOZA, CPA, MBA

Dean, College of Accountancy
MR. ROLAND NEO DELHI E. BONA, CPA

Instructor, Strategic Business Analysis
DATE : SEPTEMBER 28, 2021
SUBJECT : REQUEST TO OBTAIN STATISTICAL INFORMATION
I. Greetings of Peace!
II. We, 2nd year students under the program BS in Accountancy, are
currently conducting a feasibility study entitled “Pastiliciously” in
partial fulfillment of the requirements in the course Strategic
Business Analysis.
III. In connection with this, may we request your kind office a

document summarizing the total number of personnel, both
teaching and non-teaching, in USANT.
IV. Hoping for your favorable consideration and approval of the matter.
V. Thank you and God Bless!
64
City of Iriga
TO : DR. RENE C. LAGRIMAS, DBA

University Registrar
FROM : DJOANA JANE M. CATIMBANG

ELAINE MAE S. DENIÑA
Researchers, BS in Accountancy
THRU : MRS. JENNIFER A. MENDOZA, CPA, MBA

Dean, College of Accountancy
MR. ROLAND NEO DELHI E. BONA, CPA

Instructor, Strategic Business Analysis
DATE : SEPTEMBER 28, 2021
SUBJECT : REQUEST TO OBTAIN STATISTICAL INFORMATION
I. Greetings of Peace!
II. We, 2nd year students under the program BS in Accountancy, are
currently conducting a feasibility study entitled, “Pastiliciously” in
partial fulfillment of the requirements in Strategic Business Analysis.
III. In connection with this, may we request your kind office a

document showing the summary of the total number of students
(i.e., grade school, junior high school, senior high school, and
college) in USANT.
IV. Hoping for your favorable consideration and approval of the matter.
V. Thank you and God Bless!
65
City of Iriga
Students
College 2543
Senior High School 849
Junior High School 2039
Grade School 677
Total 6108
Department
Academic& Administrative Council 26
Department Head 12
Graduate School 14
College 117
ARCETECH Dept. -16
Accountancy Dept. -8
Business Education Dept.- 17
Criminal Justice Educ. Dept. -8
Health Care Education Dept. -11
Liberal Arts Dept. -19
Maritime Education Dept. – 10
Teacher Education Dept. -28
Senior High School 20
Junior High School 63
Grade School 56
Office Personnel 83
General services 33
Guard 16
Special Services 9
Total 449
66
City of Iriga
Appendix B
We, 2nd year BSA students under the program BS in Accountancy, are undertaking a
feasibility study of Pastillicious. We would like to ask you to answer the following
questions of this data-gathering tool in good faith and in the best of your abilities.
Consequently, the data gathered would be treated with utmost confidentiality, utilized for
academic and business purposes, and disclosed along with summary and interpretations to a
set of persons who are bound with confidentiality and academic integrity.
Please fill-out the blanks and put a check on appropriate boxes. Thank you!
Name of Respondent: ___________________ Sex: Male Female
Address: ______________________
Age: 10 to 17 School Designation
18 to 25 Student
26 to 33 Faculty
34 and above Non-Teaching Personnel
Food Allowance Per Month:
P 200 - P 600 P 700 - P 1100 P 1200 - P 1,600 P 1600 and above
1. Have you ever eaten pastillas with fillings? 2. How often do you eat sweets?
Yes After every meal
No As often as there is
In special occasions
3. What flavor/s of fillings do you think would go best with the pastillas? Choose at least 1
and at most 2.
Marshmallow
Cheese
Chocolate
67
City of Iriga
4. What flavor/s of fillings do you think would least go along with the pastillas? Choose at
least 1 and at most 2.
Marshmallow
Cheese
Chocolate
5. At what price do you expect to purchase the product per piece?
P 5 to P 10
P 15 to P 20
P 25 to P 30
P 35 and above
6. In what quantity, do you like the pastillas to be packaged?
Per piece
Per half-dozen
Per dozen
7. At what price do you expect to purchase the product per set?
P 50 to P 80
P 90 to P 120
P 130 to P 150
P 160 and above
8. In view of the pandemic, how would you like to buy the product?
For pick-up at a physical store
For delivery
9. Which online platform do you use frequently in buying products?
Facebook Shopee
Instagram Lazada
68
City of Iriga
Appendix C
Findings
After conducting a survey through a questionnaire, the researchers
have gathered the following data:
Address
252 responses Iriga City
Baao
Buhi
Bato
Nabua
Ocampo
Albay
Bula
Sipocot
Pili
Figure 1 - Address
Based on the survey conducted, the highest number of respondents is
200 (79.37%) which comes from Iriga City, 16 (6.35%) from Baao, 11
(4.37%) from Buhi, 7 (2.78%) from Bato, 7 (2.78%) from Nabua, 4 (1.59%)
from Ocampo, 3 (1.19%) from Albay, 2 (0.79%) from Bula, 1 (0.40%) from
Sipocot and 1 (0.40%) from Pili. From this data, we can be able to execute
plans on how we will be able to satisfy this customer.
69
City of Iriga
Figure 2- Sex
As shown in figure 2, the responses show that out of 252 respondents
201 (79.8%) are females and 51 (20.2%) are males. With this, we can be
able to implement strategies on how we will attract these potential customers
to patronize our product.
Figure 3 - Age
The responses show that the majority or 218 (86.5%) of the
respondents are young adults ages from 18 to 25, followed by 10 (12.3%)
teenagers ages from 10 to 17, then 2 (0.8%) are composed of adults ages 34
and above and lastly 1 (0.4%) adult age ranges 26 to 33.
70
City of Iriga
Figure 4 - School Designation
The responses show that 247 (98%) of the respondents are students,
4 (1.6%) are faculty and staff and lastly 1 (0.4%) is non-teaching personnel.
Food Allowance Per Month

252 responses
200-600
700-1,100
1,200-1,600
1,600 and above
Figure 5 - Food Allowance Per Month
The responses show that 112 (44.44%) of the respondents have 200-
600 food allowance, 78 (30.95%) have 700-1,100, 31 (12.30%) have 1,200-
1,600, and 31 (12.30%) have 1,600 and above.
71
City of Iriga
Figure 6 - Have you ever eaten pastillas with fillings?
The responses show that 133 (52.8%) of the respondents had already eaten
pastillas with fillings and 119 (47.2) haven’t eaten pastillas with fillings before.
Figure 7 - How often do you eat sweets?
The responses show that 187 (74.2%) of the respondents answered, “as
often as there is”, 43 (17.1%) answered “after every meal”, and 22 (8.7%)
answered “on special occasions.”
72
City of Iriga
Figure 8 - What flavor/s of fillings do you think would go best with
pastillas?
The responses show that 173 (68.7%) of the respondents answered
chocolate, 104 (41.3%) answered cheese and 92 (36.5%) answered
marshmallow.
Note: Percentage Monthly Sales
73
City of Iriga
Figure 9 - What flavor/s of fillings do you think would least go along
with pastillas?
The responses show that 101 (40.1%) of the respondents answered
marshmallow, 109 (43.3%) answered cheese and 93 (36.9%) answered
chocolate.
Figure 10 - At what price do you expect to purchase the product per
piece?
The responses show that 176 (68.9%) of the respondents answered P5 to
P10, 58 (23%) answered P15 to P20, 17 (6.7%) answered P25 to P30, and 1
(0.40%) answered P35 to P40.
Note: Willing Customers
74
City of Iriga
Figure 11 -In what quantity do you like the Pastillas to be
packaged?
The responses show that 105 (41.7%) of the respondents answered per
piece, 79 (31.33%) answered per dozen, and 68 (27%) answered per half-
dozen.
Figure 12- At what price do you expect to purchase the product per
set?
75
City of Iriga
The responses show that 173 (68.7%) of the respondents answered P50 to
P80, 61 (24.2%) answered P90 to P120, 14 (5.6%) answered P130 to P150,
and 4 (1.6%) answered P160 and above.
Figure 13- In view of the pandemic, how would you like to buy the
product?
The responses show that 171 (67.9%) of the respondents answered for
delivery and 81% (32.1%) answered for pick-up at physical store.
76
City of Iriga
Figure 14- Which online platform do you use frequently in buying
products?
The responses show that 110 (43.7%) of the respondents answered Shoppe,
109 (43.3%) answered Facebook, 28 (11.1%) answered Lazada, and 5 (2%)
answered Instagram.
77
City of Iriga
Appendix D
PERMITS AND LICENSE
78
City of Iriga
79
City of Iriga
80
City of Iriga
81
City of Iriga
82
City of Iriga
Appendix E
ADVERTISING METHODS
Pastiliciously Poster
Pastiliciously Social Media Cover
83
City of Iriga
Social Media Accounts
84
City of Iriga
Appendix F
DOCUMENTATIONS
85
City of Iriga
Appendix G
CURRICULUM VITAE
DJOANA JANE M. CATIMBANG

Sta. Teresita, Iriga City
+63 9168952644
Djoanajanec@gmail.com
PERSONAL DATA
Gender : Female
Civil Status : Single
Birthday : March 23, 2002
Birthplace : DR. JPRMMRC Hospital Dasmarińas, Cavite
Religion : Catholic
Nationality : Filipino
Father : Carlos T. Catimbang
Mother : Lerma M. Catimbang
EDUCATIONAL BACKGROUND
College
Present Bachelor of Science in Accountancy

University of Saint Anthony
San Miguel, Iriga City
Secondary
Senior High Accountancy, Business and Management

Perpetual Help National High School
Perpetual Help, Iriga City
Junior High Grade 7-10

Perpetual Help National High School
Elementary
Grade 6-Grade 5 Iriga North Central School

Grade 4-Grade 2 Bagong Buhay Elementary School

Bulihan, Silang, Cavite
Grade 1-Nursery Our Lady of Peace Academy

Bulihan, Silang, Cavite
86
City of Iriga

San Ramon, Iriga City
+63 91482431828
marielizbeninsol9@gmail.com
PERSONAL DATA
Gender : Female
Birthplace : Sagrada, Iriga City
Religion : Catholic
Father : Mario S. Corporal
Mother : Analiza B. Corporal
College

Secondary


Sagrada National High School
Sagrada, Iriga City
Elementary
Grade 1-6 Sagrada Elementary School

Sagrada, Iriga City
87
City of Iriga
ELAINE MAE S. DENINA

Sto. Domingo, Iriga City
+63 9107971321
deninaelaine@gmail.com
PERSONAL DATA
Gender : Female
Birthplace : Daraga, Albay
Religion : Catholic
Father : Jaime O. Denina
Mother : Merely S. Denina
College

Secondary


Nonito Paz Arroyo Memorial National High School
Elementary
Grade 4-6 Sagrada Elementary School

Sagrada, Baao
Grade 1-3 Baras Elementary School

Sta. Elene Baras, Nabua
88
City of Iriga

Sta. Elena, Iriga City
+63 9386980038
chironguises@gmail.com
PERSONAL DATA
Gender : Male
Birthday : December 28, 2001
Birthplace : La Medalla, Baao
Religion : Roman Catholic
Father : Christian B. Guevarra
Mother : Noeme P. Guevarra
College

Secondary

La Consolacion College of Rinconada - Baao Campus
San Ramon, Baao

La Consolacion College Baao
Elementary
Grade 1-6 Sta. Monica Academy

San Ramon, Baao
89
City of Iriga

San Isidro, Iriga City
+63 9077668260
larcenaashley39@gmail.com
PERSONAL DATA
Gender : Female
Birthplace : San Iisdro, Iriga City
Religion : Catholic
Father : Danilo B. Larcena
Mother : Adela A. Larcena
College

Secondary

Junior High University of Saint Anthony

Elementary
Grade 1-6 San Isidro Elementary School

San Isidro, Iriga City
90

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UNIVERSITY OF SAINT ANTHONY

(Dr. Santiago G. Ortega Memorial)

A. NAME OF THE PROJECT

The proposed name of the business is Pastiliciously, combining the

words “pastillas” and “deliciously” stating that we offer delicious pastillas

endeavors of life must be “deliciously” that is faced with optimism and a

something we want to give as our customers indulge our pastillas.

B. LOGO OF THE BUSINESS

The logo was chosen by the business's proponents because we believe

relatively simple; we simply put our company name, Pastiliciously, which is

derived from the words "pastillas" and "delicious."

Color is significant because it forms customers' first impressions of

things and influences their purchasing decisions. We chose pastel colors

our product is.

want to eat again and again.

C. DESCRIPTION OF THE INDUSTRY

The confectionary industry has been a popular industry in the

Philippines with the chocolate industry dominating it thereby taking the

largest market share. The presence of confectionaries both in groceries and

streetside stalls have been commonplace. However, the form of

we can categorize as having American influence. On the other hand,

rooted in Filipino culture or having foreign influence aside from Western

mainstream influences. Examples include pastillas, Sampaloc candy, polvoron,

espasol, among others.

D. DESCRIPTION OF THE PROJECT

The business is a small-scale sweet shop catering sweets offering

marshmallows complementing the sweet taste of pastillas. The significant

goal of the business's proponents is to come up with a classic delicacy,

Our product's ingredients can mostly be found in supermarkets such as

able to serve consumers outside of the University, allowing us to offer our

product to an immense range of people. Furthermore, the proponents of the

business are committed to providing customers with satisfaction by supplying

a delicious, safe, and high-quality product at a low-priced, not only to meet

but also to exceed their expectations.

E. LOCATION OF THE BUSINESS

delivery. However, the consumers can pick up their orders in our

guidelines brought about by the pandemic as such the entrepreneurs

recognized that the number of consumers that can be physically present to

view products in a physical store would be limited if not, none. Nevertheless,

marketing and promotion as such to offset this lack of benefit, an intensive

promotional campaign would be undertaken along with having the point of

production serve also as a point of sale. Furthermore, recognizing that

benefits that outweigh its disadvantages such as expenses incurred in a

physical location such as rent and utilities.

F. SUMMARY OF FINDINGS AND CONCLUSION

The sweet industry is ideal and feasible because of the growing

popularity of food businesses. The market projection of the proposed

business which is entitled Pastiliciously is based on the survey conducted by

the proponents to the students and working personnels of the University of

5 years of the business operation are based on different factors such as

changing market trends, population growth, new business opportunities,

is willing and capable of purchasing our products. The proponents concluded

indirect materials used in producing the product.

Since the availability of supply in the production of the product is

marketing strategy is essential to promote the proposed product and since we

social media accounts of the proposed business for further product

are still during the pandemic.

This section serves as a logical plan for the proposed business to

corresponding cost and functions.