Xtylish Clip Thesis Paper

COLEGIO DE SAN LORENZO
SCHOOL of BUSINESS and MANAGEMENT

Congressional Avenue, Quezon City
A Study on the
Financial Feasibility of Xtylish Clip
Originally Proposed by BSBA major in Marketing Management Students of
Colegio De San Lorenzo
A Financial Feasibility Study

Presented to the Faculty of the
School of Business and Management
Quezon City
In Partial Fulfillment
of the Requirements for the Degree
Bachelor of Science in Business Administration
Major in Financial Management
Magana, John Carlo R. (Leader)

Avelino, Mary Grace C.
Rey, Ericka Nicole M.

Quezon City
April 2019

Major in Financial Management i
April 05, 2019
Dr. Pedro R. Lora Jr.

College Executive Director
Quezon City
Thru: Prof. Ellen S. Dizon, MBA

Dean, School of Business and Management
Dear Dr. Lora:
I hereby recommend the approval of the Financial Feasibility Study of John Carlo R.
Magana, Mary Grace C. Avelino, and Ericka Nicole M. Rey, entitled, “A Study on the
Financial Feasibility of Xtylish Clip (Originally proposed by Bachelor of Science in
Business Administration major in Marketing Management Students of Colegio De San
Lorenzo)”.
The assessment of the financial aspects of a business is of vital importance to ensure the
efficient, profitable, operations and continued sustainability of the business.
This study proves the financial viability and says that the project is worth the investments.
Very truly yours,
Prof. Margarita L. Hermida, CPA, MBA

Thesis Adviser and Facilitator

Major in Financial Management ii
April 05, 2019

Quezon City
Dear. Dr. Lora:
This is to endorse the undergraduate Financial Feasibility Study entitled, “A Study on the
Financial Feasibility of Xtylish Clip (Originally proposed by Bachelor of Science in
Business Administration major in Marketing Management Students of Colegio De San
Lorenzo)”.
I find the Financial Feasibility Study applicable and a contribution to the literature of
Financial Management.
Very truly yours,
Prof. Ellen S. Dizon, MBA


Major in Financial Management iii
CERTIFICATION
This study entitled “A Study on the Financial Feasibility of Xtylish Clip (Originally
proposed by Bachelor of Science in Business Administration major in Marketing
Management Students of Colegio De San Lorenzo)”, prepared and submitted by John
Carlo R. Magana, Mary Grace C. Avelino, Ericka Nicole M. Rey to School of Business
and Management of Colegio De San Lorenzo is hereby officially accepted and approved in
partial fulfillment of the requirements for the degree of Bachelor of Science in Business
Administration major in Financial Management.
Signed this 5th of April, 2019.
Engr. Danilo A. Reyes, LPT, MBA

Head, Academics Committee


Major in Financial Management iv
CERTIFICATE OF ORIGINALITY
This certifies that the study entitled, “A Study on the Financial Feasibility of Xtylish Clip
(Originally proposed by Bachelor of Science in Business Administration major in
Marketing Management Students of Colegio De San Lorenzo)”, submitted to the School
of Business and Management, in partial fulfillment of the requirements for the Degree of
Bachelor of Science in Business Administration Major in Financial Management, embodies
the result of original scholarly work carried out by the undersigned except to the extent that
the assistance from others in the project’s design and conception style, presentation and
linguistic expression is acknowledged.
It contains no material previously published or written by another person, nor material which
to a substantial extent has been accepted for the award of any other degree at Colegio De San
Lorenzo or any other educational institution, except where due acknowledgment is made in
the study.
Signed this 5th of April 2019.
John Carlo R. Magana
Mary Grace C. Avelino
Ericka Nicole M. Rey

Major in Financial Management v
CERTIFICATE OF LANGUAGE EDITING
This confirms that the manuscript entitled, “A Study on the Financial Feasibility of Xtylish
Clip (Originally proposed by Bachelor of Science in Business Administration major in
Marketing Management Students of Colegio De San Lorenzo)”., submitted by John
Carlo R. Magana, Mary Grace C. Avelino, Ericka Nicole M. Rey, to the School of
Business and Management of Colegio De San Lorenzo was edited for proper English
language, punctuation, spelling and overall style by a certified English editor or Certified
English teacher.
Neither the research content nor the author’s intentions were altered in any form during the
editing process.
Signed this 5th of April, 2019.
Marivic T. Villarosa, LPT

Proofreader/English Editor
Grammatiki

Major in Financial Management vi
APPROVAL SHEET
This study entitled “A Study on the Financial Feasibility of Xtylish Clip (Originally
proposed by Bachelor of Science in Business Administration major in Marketing
Management Students of Colegio De San Lorenzo)” prepared and submitted by John
Carlo R. Magana, Mary Grace C. Avelino, Ericka Nicole M. Rey. In partial fulfillment of
the requirements for the Degree of Bachelor of Science in Business Administration major
in Financial Management, has been examined and recommended for oral defense.
Prof. Margarita L. Hermida, CPA, MBA

Adviser
Approved by the Panel of Examiners for Oral Examination on March 16, 2019 with a
passing grade.
Prof. Ellen Soriano Dizon, MBA

Panel Chair
Engr. Grace De Ocampo Prof. Carlo Magno Santuico CPA, MBA

Panel Member Panel Member
Accepted and Approved in partial fulfillment of the requirements for the degree of
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION Major in Financial
Management.
Prof. Ellen Soriano Dizon, MBA


Major in Financial Management vii
ACKNOWLEDGMENT
The proponents would like to express our heartfelt gratitude first to Jesus Christ for
his grace, helped us to finish our feasibility study. Thank you for giving us guidance,
strength, and knowledge that are needed to accomplish our task, all glory and honor to you.
To our professor, Prof. Margarita L. Hermida for providing advising, guiding and
helping us all throughout to make our feasibility look presentable, thank you for all your
patience and knowledge that she imparted to each students, and for maintaining the discipline
of her students with regards to deadlines.
The proponents also want to extent our deepest gratitude to Reymundo Mangantulao
for teaching and imparting some knowledgeable advices and giving support and coordination
in answering our questions regarding the case. To our friends and classmates for the moral
support and advices from beginning up to the end of this study.
The proponents want to extend our deepest gratitude to our Dean of School of
Business and Management, Prof. Ellen Soriano-Dizon for giving us this kind of opportunity
to be able to conduct this feasibility study.
Lastly, the researchers would like to give honor to their parents and family for the
moral and financial support for always motivating us and believing that we could finish this
financial feasibility possible.
Thank you and God bless.

Major in Financial Management viii
EXECUTIVE SUMMARY
Title : A study on the Financial Feasibility of Xtylish Clip (Originally

proposed by Bachelor of Science in Business Administration major
in Marketing Management Students of Colegio De San Lorenzo)
Proponents : John Carlo R. Magana

Mary Grace C. Avelino
Ericka Nicole M. Rey
Degree : Bachelor of Science in Business Administration

No. of pages : 16
Summary : This feasibility covers the study of marketing plan originally proposed by
Bachelor of Science in Business Administration major in Marketing Management students of
Colegio De San Lorenzo for the purpose of working at financial feasibility of the project.
The purpose of the study is to evaluate the financial viability of the Xtylish Clip. The
researchers found out that the proposed product has its potential to be an established business
in the future and can compete with existing competitors. Xtylish Clip is developed to lessen
the cost of the consumers in purchasing plenty of clothes because this product can be
reversible and detachable its bring convenience, comfort and relaxation of the consumers. In
this paper, you will see the financial viability from the first year operation up to third year
operation of the business. It includes assumptions, production cost, income statement,
balance sheet and ratios of the business operation.
Bachelor of Science in Business Administration ix

TABLE OF CONTENTS
Preliminaries Pages
TITLE PAGE ………………………………………………………………… i
RECOMMENDATION LETTER …………………………………………… ii
ENDORSEMENT LETTER ………………………………………………… iii
CERTIFICATION …………………………………………………………... iv
CERTIFICATE OF ORIGINALITY ………………………………………... v
CERTIFICATE OF LANGUAGE EDITING ………………………………. vi
APPROVAL SHEET ………………………………………………………... vii
ACKNOWLEDGEMENT …………………………………………………... viii
EXECUTIVE SUMMARY/ABSTRACT …………………………………... ix
TABLE OF CONTENTS …………………………………………………… x-xi
Chapter I: INTRODUCTION
Background of the Study ……………………………………… 1-2
Purpose of the Study ………………………………………….. 3
Chapter II: FINDINGS OF EVALUATION
Management …………………………………………………... 4-5
Financial Sustainability ………………………………………. 5-6
Chapter III: CONCLUSION AND RECOMMENDATION
Conclusion ……………………………………………………. 7
Recommendation ……………………………………………... 7
Financials
A. Assumption………………………………………………....... 9-10
B. Start-up Cost ………………………………………………. 11
C. Pre-operating Cash Flow ………………………………….. 12
D. Financial Projections ……………………………………… 13
 Income Statement ……………………………. 13
 Balance Sheet ………………………………… 14-15
 Cash Flow Statement ………………………… 15
E. Financial Ratio Analysis …………………………………… 16
Bachelor of Science in Business Administration x

Appendices
Schedules Number
Schedule 1 Projected Sales
Schedule 2 Projected Direct Materials Budget
Schedule 3 Projected Direct Labor Budget
Schedule 4 Projected Overhead Expense
Schedule 5 Costs of Goods Sold
Schedule 6 Projected Selling & Administrative Expense
Schedule 7 13th Month Pay
Schedule 8 Employee Benefits
Schedule 9 Total Net Sales
Schedule 10 Total Net Purchases
Schedule 11 VAT Payable
Schedule 12 Proposed Production Budget
NOTES TO INITIAL CAPITAL REQUIREMENT
PPE Schedule 1 Legal Registration Expenses
PPE Schedule 2 Marketing Expenses
PPE Schedule 3 Utilities Expenses
PPE Schedule 4 Furniture and Fixtures
PPE Schedule 5 Office Supplies
PPE Schedule 6 Production Equipment
PPE Schedule 7 Office Equipment
List of Figures
Figure 1 Organizational structure
Figure 2 Growth Rate
Figure 3 Corporate Income Taxes in the Philippines
Figure 4 Raw materials Rate
Figure 5 Water and Electricity Rate
References
Resume of Proponents and Grammarian

Major in Financial Management xi
Chapter 1
Introduction
The feasibility study covers the marketing plan originally proposed by Bachelor of
Science in Business Administration major in Marketing Management students of Colegio De
San Lorenzo, with the purpose of looking at the financial feasibility of the project.
Background of the study
Clothing nowadays in society of consumers, people are very fashionable and they
seek immediate gratification, caring more about paying less for their clothes and being in
trend. It can be made of textiles, animal skin or other thin sheets of materials put together. In
addition, to protects against many things including rain, snow, wind, sun and other weather.
This study analyzes the business idea of Xtylish Clip an Eight and One shirt, and its
marketing feasibility that originated from three students of Marketing Management course in
Colegio De San Lorenzo. It aims to determine if the proposed business plan will be viable for
the industry. The focal point of the business is to form a general partnership named GSM Co.
Ltd that will offer a suitable and affordable type of shirt. Xtylish Clip is reversible and
detachable shirt with features to choose the customer what style they want and designed from
any weather condition. Xtylish Clip can be long sleeve, sleeveless, vest and reversible it has
16 snap buttons in each shirt, 6 snap buttons in the shirt, 2 in the spread collar, and 4 for
button cuffs.
The Xtylish Clip is developed to lessen the cost of the consumers in purchasing
plenty of clothes, and to lessen their time in bringing extra clothes to their office, meetings or

Major in Financial Management 1
occasions. Another benefit of the product is to bring comfort ability and easiness to wear.
The product purpose of the Xtylish Clip is to meet the needs and satisfaction of the
consumers in a way that is affordable and fashionable in the market industry. Xtylish Clip
has a price of ₱ 850.00 per unit the GSM Co. Ltd assumes to produce 41,472 units of T-shirt
annually.
The location of the manufacturing as well as the store of the business is at the EDSA,
corner Dangay St. Roosevelt Ave, Quezon City, Metro Manila. The city has one of the
largest consumer populations in the Philippines, with its 2,960,627 population. The target
market of the business is ages of 18 and above living around places in Metro Manila. These
individuals are the working class, financially capable and young professionals those who are
made up of middle class and upper class whose incomes are enough to support their needs;
the product fits any gender and size. The business structure of GSM Co. Ltd has three
associate, one for general partner and two for limited partners. Two of them are capitalist and
one industrialist partner. The Xtylish Clip besides being a general partnership is also a
manufacturing business. The business aims to maximize their profit every end of the year to
defray the necessary expenses needed for the company to create a product.

Purpose of the Study
The following are the purposes of this feasibility study:
1.) To evaluate the feasibility of the project as to the following:
a.) Management
b.) Financial Sustainability
2.) To recommend a viable financial feasibility to strategized the business and attain
its objective.

Chapter II
Findings of the Evaluation
After thoroughly reviewing and analyzing the original marketing plan, the researchers
found that the business is feasible on the following grounds:
A.) Management
Below is the organizational structure of GSM Co. Ltd. as given by the Marketing
proponents.
Managing Partner
Executive
Committee
Finance and Operations and Human

Marketing
Accounting Logistics Resource
Department
Department Department Department
Figure1. GSM Co. Ltd. Organizational Structure
The Xtylish Clip is a manufacturing company formed as a General Partnership
business where each owner will provide capital equally as well profit and loss of the
business. The partnership consists of three associates with one general manager and two-

4
limited partner two of them are capitalist and one industrialist partner. In managing the
business all partners have the authority to work in doing their assigned task and duties in the
company. The industrialist partner is in-charge of the operation and logistics of the company
and in-charge in hiring employees for the different positions of the company. The business
will make an Executive committee to provide strategic planning and decision-making. After
evaluating the information gathered, the researchers found the organizational structure
confusing due to the fact that there are only three partners but there are four managers.
B.) Financial Sustainability
START-UP COST
Budget Summary
ASSET MONTHLY OTHER
Capital
Margie Lyn H. Salamat ₱500,000.00
Gizelle R. Cabuang ₱500,000.00
Shelah Maire D. Despalo ₱500,000.00
Rent (with 1 month advance) ₱50,000.00
Building Renovation ₱150,000.00
Payment of Utilities
Water ₱2,000.00
Electricity ₱6,000.00
WIFI and Telephone ₱2,000.00
Machinery and Equipment
4 Sewing Machines ₱72,000.00
Promotion
Flyers ₱1,500.00
Registration
SEC ₱40.00
BIR ₱3,000.00
Barangay Clearance ₱500.00
Mayor's Permit/ Business Permit ₱7,000.00
TOTAL ₱1,572,000.00 ₱110,000.00 ₱161,540.00

The budget summary of the marketing plan upon the analysis of the researchers
there are only limited financial data presented in the marketing plan. The company will only
require the initial capital amounting to ₱1,500,000, which will be used for expenditure
including the pre-operating expenses, such as payment for rent and building renovation,
payment for utilities, machinery and equipment expenses, promotion and legal registration
expense. There is a need to update all the costs and expenses
Upon the analysis of the researchers, there is a need to update all the costs and
expenses of the company.
GSM Co. Ltd.

Income Statement
For the Year ended December 31
2018 MKG
Sales (Schedule 1) 35,251,200.00
Less: Cost of Sales (Schedule 5) 22,342,410.24
GROSS PROFIT 12,908,789.76
Selling and Administrative Expense (Schedule 6) 712,114.60

Net Profit Income before Tax 12,196,675.16
Income Tax Expense (30%) 3,659,002.55
Net Profit Income after Tax 8,537,672.61
Net Profit Margin 24%
As shown in the table, the net income in the first year operation is ₱8,537,672.61 that
has a net profit margin of 24%. Indicates that the business is sustainable in the first year
operation.

Chapter III
CONCLUSION AND RECOMMENDATION
3.1 Conclusion
Based on all findings of the evaluation, the researchers conclude that “Xtylish
Clip” will only be feasible and viable to the market if all the adjustments and updates are
made. The product has an affordable price of ₱850.00. The business target location at
EDSA, corner Dangay St., Roosevelt Ave, Quezon City, Metro Manila, which is one of the
premiere business districts in Quezon City, for the new entrant business it is a very good
location the demand of t-shirt can be possibly high. The management consists of three
partners associate to manage the business including one is Industrial partner and two
capitalist partners. In the financial sustainability of the marketing plan, there are limited data
provided and some amounts need to be updated like the legal registration of the business.
3.2 Recommendation
The following recommendations are proposed for the improvement of the
“Xtylish Clip” and to make financially viable and sustainable.
Update the Legal registration expenses and Salary wages of workers; allot
allowances to partners, premiums and benefits.
Improve the financials of the business to make the business more profitable and
sustainable.

Production Cost
7
Production costs are the direct materials, direct labor, and manufacturing
overhead used to manufacture products.
Unit Cost of Production
Direct Raw Materials

Fabric 1 ₱120.00
Fabric 2 ₱120.00
Buttons ₱19.00
Threads ₱13.75 ₱272.75
Direct Labor
₱537 x 8 workers = ₱4,296/24 units ₱179.00
Manufacturing Overhead
Utilities (8,000/3,456 units monthly) ₱2.32
Premiums (10,929/3,456 units monthly) ₱3.17
Rent (50,000/3,456 units monthly) ₱14.46
PLDT Telephone/Internet (2,000/3,456 units monthly) ₱0.58 ₱20.53
Total Unit Product Cost ₱472.28

Add Marked Up (40%) ₱188.91
PER UNIT PRICE ₱661.19
Production in Units
Processing time to finish 1 unit = 160 minutes
Production per day = 480 a minutes/160 minutes = 3 (8 workers) = 24 units
Production per month = 24 units x 20 days = 3,456 units
Production per year = 3,456 units x 12 months = 41,472 units

To support the proposed recommendations, the following financial feasibility are made:
8
A. Assumptions
Assumption is one of the most important aspects of financial projections. It helps

the owners and investors of the business to have a glimpse of where the company is going.
Through projections, the business can anticipate problems and make immediate plan to make
corrective actions. The table below consists of the data assumption of the business, which
will be used for the entire financial feasibility.
GSM Co. Ltd.

Assumptions
SALES BUDGET BASIS
Based on the Marketing survey 90% will purchase
Units sold in the first year 90%
the product
Expected sales in the first year 35,251,200.00 Unit Price x Units Sold (41,472 x 850)
Selling price increase per Based on increase of raw materials and
9%
annum manufacturing cost.
PRODUCTION BUDGET
Daily production capacity 24 units (480 /160 minutes) x (8 workers)
Annual production capacity 41,472 units Total production in units
FINISHED PRODUCT BUDGET

Raw Materials Price Increase
3% Increase in inflation rate and the effect of
per annum
the implementation of TRAIN law
DIRECT LABOR BUDGET

Direct labor cost per hour 67.12 ₱537.00 / 8 hours
Direct labor hours per unit 179 Production cost
Direct labor per year 1,031,040.00 ₱537.00 x 240 days x 8 (workers)
Employee Salary (Regular) 537.00 / day Minimum Wage

OVERHEAD EXPENSE 9
Utilities increase per year 5% Based on the standard rate per year
SELLING AND ADMINISTRATIVE

EXPENSE
Annual advertising expense 18,000.00
Annual operating expense Based on the implementation of TRAIN LAW
3%
except Legal registration fees that affects the price of commodities
Depreciation 59,574.60 Based on five years life of fixed assets
Owner's allowance (3) 5,000.00
INCOME STATEMENT
Income Tax Rate 30% National Internal Revenue Code of 1997
BALANCE SHEET
Based on Projected Sales
Accounts Receivable -90% Collectible within the year of sale
50%
(Schedule 9) -10% Collectible after year of sale
Accounts Payable (Schedule10) 20% Raw materials purchase on credit

Depreciation 20% Five years life of supplies and equipment
PROFIT AND LOSS

DISTRIBUTION
Salamat, Margie Lyn 33.33%
Cabuang, Gizelle 33.33%
Despalo, Shelah Maire 33.33%

B. Start-up Costs 10
The initial capital requirement is the start-up costs used to fund the business to
finance the production of product for three months. As shown in the computation below, the
total initial capital requirements needed by GSM Co. Ltd. to start the operation amounts to
₱1,046,413.00 in a year of 2018 and ₱516,239.00 in a year of 2019. The partners have
contingency fund amounts of 453,587.00 and 983,761.00 consecutively to cover possible
unforeseen future expenses.
FUNDING 2018 MKG 2019

Owner 1 500,000.00
Owner 2 500,000.00
Owner 3 500,000.00
TOTAL 1,500,000.00
PRE-OPERATING EXPENSES (3
MONTHS)
Legal Registration Expense PPE Schedule 1 10,540.00 17,000.00
Marketing Expense PPE Schedule 2 18,000.00 4,500.00
Rent Expense 600,000.00 150,000.00
Utilities Expense PPE Schedule 3 120,000.00 30,000.00
Supplies PPE Schedule 4 16,866.00
TOTAL 748,540.00 218,366.00
ASSETS
Production Equipment PPE Schedule 5 74,100.00 74,100.00
Office Equipment PPE Schedule 6 34,998.00 34,998.00
Furniture & Fixtures PPE Schedule 7 38,775.00 38,775.00
Building Renovation 150,000.00 150,000.00
TOTAL 297,873.00 297,873.00
TOTAL INITIAL CAPITAL 1,046,413.00 516,239.00

REQUIREMENT
CONTINGENCY FUND 453,587.00 983,761.00
11
C. Pre-operating Cash Flow
Pre-operating Cash Flow is the initial or outflow of the money in the company before
it actually starts the operation of the business. It is important to maintain a proper balance
between the cash flow and outflow to ensure that only enough cash will be held by the
business.
CASH INFLOWS 2018 MKG 2019

Capital Contribution 1,500,000.00
CASH OUTFLOWS
Legal Registration Fees 10,540.00 17,000.00
Production Equipment 72,000.00 74,100.00
Office Equipment 34,998.00 34,998.00
Furniture & Fixtures 38,775.00 38,775.00
Office Supplies (5,622 x 3 Months) 5,612.00 16,866.00
Building Rent/Lease ( 50,000 x 3 Months) 600,000.00 150,000.00
Building Renovation 150,000.00 150,000.00
Utilities Expense (10,000 x 3 Months) 120,000.00 30,000.00
Marketing Expense 18,000.00 4,500.00
TOTAL 1,049,925.00 516,239.00
NET CASH FLOW 450,075.00 983,761.00
In the table shown above, the capital contribution of the partners amounting of
₱1,500,000.00. The researchers provide additional fixed assets for the business that helps to
provide convenient of the business operation. It reflects to the expenses of the business for
the production equipment, office equipment, furniture and fixtures and supplies. The total

amount of net cash flows amounts 450,075.00 in a year of 2018 and 983,761.00 in a year of
2019.
D. Financial Projections
12
INCOME STATEMENT
This statement shows the revenues earned and expenses incurred by the business. It
reports the financial performance of the company and shows the net worth and loss. Profit
ensures long life of the business it boost financial strength.
GSM Co. Ltd.

Income Statement
2018 MKG 2019 2020

Sales (Schedule 1) 35,251,200.00 35,251,200.00 37,718,784.00
Less: Cost of Sales (Schedule 5) 22,342,410.24 20,680,358.40 23,260,565.76
GROSS PROFIT 12,908,789.76 14,570,841.60 14,458,218.24
Selling and Administrative Expense (Schedule 6) 712,114.60 1,269,033.80 1,274,175.32

Net Profit Income before Tax 12,196,675.16 13,301,807.80 13,184,042.92
Income Tax Expense (30%)

3,659,002.55 3,990,542.34 3,955,212.88
Net Profit Income after Tax 8,537,672.61 9,311,265.46 9,228,830.04
Net Profit Margin 24% 26% 24%
As shown in the table, the net income in the first year operation is ₱8,537,672.61 that
has a net profit margin of 24%. During the second year of the operation, it increased 2% of
the net profit margin with a profit of ₱9,311,265.46because the additional production

equipment, in a third year operation there is small decrease 2% in a profit margin with a
profit of ₱9,228,830.04. Indicates that the business still recovering for the expenses.
BALANCE SHEET 13
13
Balance sheet is a financial statement that reports company assets, liabilities, and
shareholders’ equity. It is provides a snapshot of what a company owns and owes, as well as
the amount invested by shareholders.
GSM Co. Ltd.
Statement of Financial Position
2018 MKG 2019 2020
Assets
Current Assets
Cash on Hand 13,458,376.76 14,049,145.43 23,226,031.52
Accounts Receivable (schedule 9) 0.00 1,974,067.20 2,112,251.90
Finished Goods Inventory 0.00 2,297,817.60 2,329,194.24
Raw Materials Inventory 0.00 0.00 0.00
Total Current Assets 13,458,376.76 18,321,030.23 27,667,477.66
Non-current Assets
Plant, Property Equipment 297,873.00 297,873.00 297,873.00
Less: Net Accumulated
Depreciation (20%) 59,574.60 59,574.60 119,149.20
Total Non-current Assets 238,298.40 238,298.40 178,723.80
TOTAL ASSETS 13,696,675.16 18,559,328.63 27,846,201.46
Liabilities
Accounts Payable (schedule 10) 0.00 3,462,746.11 3,531,954.59
Premiums Payable (schedule 8) 0.00 10,929.60 10,929.60
Salaries Payable 0.00 85,920.00 88,497.60
VAT Payable (schedule 11) 0.00 197,925.12 219,511.30
Income Tax Payable
3,659,002.55 3,990,542.34 3,955,212.88

Total Liabilities 3,659,002.55 7,748,063.17 7,806,105.96
Partner's Equity
Beginning Capital 1,500,000.00 1,500,000.00 10,811,265.46
Add: Income 8,537,672.61 9,311,265.46 9,228,830.04
Total Equity 10,037,672.61 10,811,265.46 20,040,095.50
Total Liabilities & Partner's Equity 13,696,675.16 18,559,328.63 27,846,201.46

The total equity of the business from the beginning capital of ₱1,500,000.00 increases
by ₱13,458,376.76, ₱14,049,145.43 and ₱23,226,031.52 consecutively. The proposed
14
financials indicates that the business growth is increasing. In a year 2019, the researchers
included account receivable, premiums payable and ending inventory.
CASH FLOW STATEMENT

Cash flow shows how cash was affected by the operating, investing and financing
activities of the business. It also helps assess ability of the business to generate or manage
cash of the business and ensures adequacy of cash through proper timing between inflows
and outflows of cash.
GSM Co. Ltd.
Statement of Cash Flows
For the Year ended December 31, 2019
2018 MKG 2019 2020
Beginning Cash 0.00 0.00 14,049,145.43
Cash flow from operating activities:

CASH RECEIPTS
Parners initial contribution 1,500,000.00 1,500,000.00
Cash Sales (schedule 9) 35,251,200.00 19,740,672.00 21,122,519.04
Collection from Net Credit Sales (schedule 9) 0.00 17,766,604.80 20,984,334.34
TOTAL CASH RECEIPTS 36,751,200.00 39,007,276.80 42,106,853.38
Cash payments to/for:

Raw Materials-AP (schedule 10) -15,458,688.00 -13,850,984.45 -17,590,564.45
Accrued Salaries Expense 0.00 0.00 -85,920.00
Accrued Premium Expense 0.00 -10,929.60
Direct Labor -6,787,722.24 -7,423,488.00 -7,423,488.00
Overhead Expense -96,000.00 -96,000.00 -100,800.00
Selling and Administrative -652,540.00 -1,112,609.60 -1,115,173.52
VAT Payable 0.00 -2,177,176.32 -2,612,549.38
Income Tax 0.00 0.00 -3,990,542.34
TOTAL CASH PAYMENTS -22,994,950.24 -24,660,258.37 -32,929,967.29
CASH FLOW FROM OPERATING ACTIVITIES 13,756,249.76 14,347,018.43 9,176,886.09
Cash flow from investing activities:

Acquisition of production equipment -74,100.00 -74,100.00
Acquisition of office equipment -34,998.00 -34,998.00
Acquisition of furnitures & fixtures -38,775.00 -38,775.00
Leasehold Improvement -150,000.00 -150,000.00
NET CASH USED FROM INVESTING ACTIVITIES -297,873.00 -297,873.00
Cash flow from financing activities
CASH BALANCE END 13,458,376.76 14,049,145.43 23,226,031.52
E. Financial Ratio Analysis

15

Ratio analysis it used to measuring and evaluating company performance and

financial position by drawing out significant relationships among financial data. These
statements are expressed in terms of percentages, ratios and turnovers.
RATIO FORMULA 2018 MKG 2019 2020 INTERPRETATION
PROFITABILITY MEASURES
Profit Margin Net Income / Net Sales 24% 26% 24% The business is sustainable even they have decreases in 2020.
Gross Profit Gross Profit / Sales 37% 41% 38% GP decreases in 2020 due to increase of direct raw materials.
Net Income After Tax / Total

Return on Assets 62% 50% 32% The owner's investment have an increasing return from its initial Inv.
Assets
Initial Investment/Net Cash
Payback period 1 2 3.14 6.14 indicates that the company recovers its initial capital for that period
Inflow after tax
Net Income After Tax / Total Declining in ROE for 2019 and 20210 due to constant increasing of Profit and
Return on Equity 85% 86% 46%
Equity Equity.
LIQUIDITY MEASURES
Current Assets / Current

Current Ratio 3.68:1 2.36:1 3.54:1 The company has the ability to meet current debts with current assets.
Liabilities
Quick Assets - Inv. / Current
Quick Ratio 3.68:1 2.07:1 3.25:1 The company has the ability to meet the debt with most liquid assets.
Liabilities
LEVERAGE OR DEBT RATIOS
Total Liabilities / Total The debt equity ratio decreases every year which means have the ability to
Debt Equity Ratio 36% 72% 39%
Shareholders Equity pay debt over equity.
Total Liabilities / Total Assets The decrease in debt ratio indicates that the business has ability to pay
Debt Ratio 27% 42% 28%
liabilities with its assets.
The equity ratio of the business increases every year indicates that the
Equity Ratio Total Equity / Total Assets 73% 58% 72%
business expands and growth.
ACTIVITY OR EFFICIENCY MEASURES
Inventory Turn The business inventory turns 9 times a year showing that the business has
Cost of Sales / Inventory 9 times 9 times
Over sold and replaced inventory during the 2 years period
Receivable Turn Credit Sales / Account
9 9 The business collect its receivable 9 times a year.
Over Receivable
Day Inventory 240/ (Cost of Sale/ Ave. The days of inventory outstanding the number of days indicates that a
9.66 days 9.10 days 9.31 days
Outstanding Inventory) company hold inventory before selling it.
240/ (Net Credit Sales/
Days Sales The days sales outstanding the average number of days indicates that a
Average Account Receivable 26.67 24.15
Outsatnding company collect payment after a sale has been made.
16
APPENDICES
SUPPORTING SCHEDULES FOR IS, BS AND CASH FLOWS:

Projected Sales
A projected sale is the amount of revenue a company expects to earn at some point in
the future. It is a prediction in which the forecasted sales will trend upward or downward.
Sales projections may be computed on a monthly, quarterly or annual basis.
SCHEDULE 1
PROJECTED SALES
2018 MKG 2019 2020

Sales Volume 41,472 41,472 41,472
Sales Price 850 850 909.50
Sales 35,251,200.00 35,251,200.00 37,718,784.00
Projected Direct Materials Budget

The projected direct materials budget is the estimation of the total cost raw materials
that the business must be purchased to achieve the required unit of production for the next
three years.
SCHEDULE 2
PROJECTED DIRECT MATERIALS BUDGET
First Year Fabric 1 Fabric 2 Buttons Threads Package Total
Required Unit of Production 41,472 41,472 41,472 41,472 41,472 41,472
Cost Per Unit 120 120 19 13.75 100 372.75
Total Cost of Raw Materials 4,976,640.00 4,976,640.00 787,968.00 570,240.00 4,147,200.00 15,458,688.00
Second Year
Cost Per Unit 120.00 120.00 19 13.75 100 372.75
Third Year
Cost Per Unit 122.4 122.4 19.38 14.02 102 380.2

The raw materials are expected to increase by 2% annually. As shown above, the total
cost of raw materials amounts to ₱15,458,688.00, ₱15,458,688.00, and ₱15,767,654.40
consecutively.
Projected Direct Labor Budget
The projected direct labor budget shows the total direct labor hours required for the
production and the total labor costs per year.
SCHEDULE 3
Projected Direct Labor Budget
2018 MKG 2019 2020

Units to be produced 41,472 41,472 41,472
Direct labor hours per unit 163.67 179 179
Total direct labor cost 6,787,722.24 7,423,488.00 7,423,488.00
As shown by the data, the business will have total direct labor cost amounting to
₱6,787,722.24, ₱7,423,488.00, ₱7,423,488.00 for the three consecutive years.
Projected Overhead Expense
Overhead expense refers to all ongoing business expenses not including or related to
direct labor, direct materials. It must pay such as rent, telephone, insurance, utilities, wages
and salaries. The overhead expense will expected to increase 5% annually.
SCHEDULE 4
Projected Overhead Expense
2018 MKG 2019 2020

Utilities
Electricity (Meralco) 72,000.00 72,000.00 75,600.00
Water (Maynilad) 24,000.00 24,000.00 25,200.00
Total Manufacturing Overhead 96,000.00 96,000.00 100,800.00

Projected Cost of Goods Sold
Cost of sales budget represents the forecast for the inventory expense. The cost of
goods sold refers to the direct attributable to the production of the goods sold in a company.
This amount includes the costs of the materials used in creating a good with the direct labor
costs used to produce the goods. It includes direct materials, distribution costs and sales force
costs.
SCHEDULE 5
Projected Cost of Good Sold
2018 MKG 2019 2020

DIRECT MATERIALS
Beginning Inventory Raw Material
Add: Purchase (Schedule 2) 15,458.688.00 15,458.688.00 15,767,654.40
Total: 15,458.688.00 15,458.688.00 15,767,654.40
Less: Ending Inventory
Raw Materials Inventory 0.00 0.00 0.00
DIRECT MATERIALS USED: 15,458.688.00 15,458.688.00 15,767,654.40
Direct Material used 15,458.688.00 15,458.688.00 15,767,654.40

Direct Labor (8 workers) 6,787,722.24 7,423,488.00 7,423,488.00
Factory Overhead 96,000.00 96,000.00 100,800.00
TOTAL MANUFACTURING COST 22,342,410.24 22,978,176.00 23,291,942.40
WORK IN PROCESS
Beginning Inventory 0.00 0.00 0.00
Add: Total Manufacturing Cost 22,342,410.24 22,978,176.00 23,291,942.40
Less: Ending Inventory working in process 0.00 0.00 0.00
COST OF GOODS MANUFACTURED 22,342,410.24 22,978,176.00 23,291,942.40
FINISHED GOODS
Beginning Inventory 0.00 2,297,817.60
Add: Cost of Goods Manufactured 22,342,410.24 22,978,176.00 23,291,942.40
Less: Ending Inventory Finished Good (10%) 0.00 2,297,817.60 2,329,194.24
COST OF GOODS SOLD 22,342,410.24 20,680,358.40 23,260,565.76

Projected Selling and Administrative Expenses
Selling and administrative expenses is the planned operating expense of the business
other than manufacturing costs. It is reported on the income statement as the sum of all direct
and indirect selling expenses and all general and administrative expenses of a company.
SCHEDULE 6
Projected Selling and Administrative Expense
2018 MKG 2019 2020

Operating Expenses:
Tax and Licenses 10,540.00 17,000.00 17,000.00
Supplies 67,464.00 69,487.92
Marketing Expense 18,000.00 18,000.00 18,540.00
SS,PH,HDMF 120,225.60 120,225.60
13th Month Pay 85,920.00 85,920.00
Owners Monthly Allowance 180,000.00 180,000.00
Building Rent (50, 000 x 12) 600,000.00 600,000.00 600,000.00
PLDT Telephone 12,000.00 12,000.00 12,000.00
Internet Connection 12,000.00 12,000.00 12,000.00
Total Cash Flow-Selling, General & Admin Expense 652,540.00 1,112,609.60 1,115,173.52
Depreciation Expense 59,574.60 59,574.60 59,574.60
Accrued Salaries Expense 85,920.00 88,497.60
Accrued Premium Expense 10,929.60 10,929.60
Total Selling Administrative Expense 712,114.60 1,269,033.80 1,274,175,32

Projected 13th Month Pay
SCHEDULE 7
13TH MONTH PAY
2019
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
537.00 x 240 days 128,880.00 10,740.00
TOTAL: 85,920.00
Employee benefits
Employee benefits it is a type of compensation provided to employees in addition to

their normal wages or salaries.
SCHEDULE 8
EMPLOYEE BENEFITS
SSS PAG-IBIG PHILHEALTH MONTHLY YEARLY
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
1068.2 100 198 1366.2 16394.4
TOTAL: 10,929.60 131,155.20

Total Net Sales
SCHEDULE 9
Total Net Sales
2018 MKG 2019 2020
Total Net Sales 35,251,200.00 37,718,784.00
Add: 12% VAT 4,230,144.00 4,526,254.08
Total Net Sales (VAT INCLUSIVE) 39,481,344.00 42,245,038.08
Cash Sales (50% of Total Net Sales) - 19,740,672.00 21,122,519.04

Net Credit Sales - 19,740,672.00 21,122,519.04
Collection of Accounts Receivable(90% Collectible the year of sale, 10% next year)
90% collectible this year 17,766,604.80 19,010,267.14
10% collectible next year - 1,974,067.20
Total AR collection - 17,766,604.80 20,984,334.34
Outstanding Accounts Receivable - 1,974,067.20 2,112,251.90
Total Net Purchases
SCHEDULE 10
Total Net Purchases
2018 MKG 2019 2020
Total Net Purchases 15,458,688.00 15,458,688.00 15,767,654.40
Add: 12% VAT 1,855,042.56 1,892,118.53
Total Net Purchases (VAT INCLUSIVE) 17,313,730.56 17,659,772.93
Payments of Purchases
80% Payments this year - 13,850,984.45 14,127,818.34
20% Payments next year - - 3,462,746.11
Total Payments for Accounts Payable - 13,850,984.45 17,590,564.45
Outstanding Accounts Payable - 3,462,746.11 3,531,954.59

VAT PAYABLE
SCHEDULE 11
VAT PAYABLE
2018 MKG 2019 2020
OUTPUT TAX 4,230,144.00 4,526,254.08
LESS: INPUT TAX 1,855,042.56 1,892,118.53
VAT PAYABLE 2,375,101.44 2,634,135.55
11 MONTHS PAYABLE THIS YEAR 2,177,176.32 2,414,624.26

1 MONTH (DEC) PAYABLE NEXT YEAR - 197,925.12
VAT PAYMENTS 2,177,176.32 2,612,549.38
Outstanding VAT Payable - 197,925.12 219,511.30
PROPOSED PRODUCTION BUDGET
SCHEDULE 12
Proposed Production Budget
Production Budget 2018 MKG 2019 2020
Desired Sales 41,057.00 41,057.00 41,057.00
Add: Desired Ending Inventory 415.00 415.00 415.00
Total 41,472.00 41,472.00 41,472.00
Less: Beginning Inventory 0.00 415.00 415.00
Production Units (Produced) 41,472.00 41,057.00 41,057.00

NOTES TO INITIAL CAPITAL REQUIREMENT (3 MONTHS)
PPE SCHEDULE 1
Legal Registration Expenses
2018 2019
SEC Registration 40.00 3,000.00
Mayor's Permit 7,000.00 10,000.00
Barangay Permit 500.00 500.00
BIR 3,000.00 500.00
DTI 500.00
Other Legal Permits 1,500.00
Employee Registration 1,000.00
Total 10,540.00 17,000.00
PPE SCHEDULE 2
Marketing Expenses
Flyers 1,500.00
Total (1,500 x 3 Months) 4,500.00
PPE SCHEDULE 3
Utilities Expense
Electricity 6,000.00
Water 2,000.00
PLDT Telephone 1,000.00
Internet Connection 1,000.00
Total ( 10,000 x 3 Months ) 30,000.00
PPE SCHEDULE 4
Furniture and Fixtures
5 Tables 6,125.00
5 Chairs 10,000.00
3 Filling Cabinet 8,250.00
3 Shelves 14,400.00
Total 38,775.00

PPE SCHEDULE 5
Office Supplies
Price No. of Months
Ink 1,500.00 3 4,500.00
Bond Paper 420.00 3 1,260.00
Ball pen 200.00 3 600.00
Folder 150.00 3 450.00
Clip 40.00 3 120.00
Broom 180.00 3 540.00
Dustpan 120.00 3 360.00
Trash can 250.00 3 750.00
Doormat 500.00 3 1,500.00
Calculator (2 pc/s) 990.00 3 2,970.00
Soap 100.00 3 300.00
Toilet tools 150.00 3 450.00
Sales Invoice (5 set) 500.00 3 1,500.00
Sticky Notes (1 set) 150.00 3 450.00
Record Book (3 pc/s) 372.00 3 1,116.00
Total (5,622 x 3 Months) 16,866.00
PPE SCHEDULE 6
Production Equipment
2018 2019
Industrial Sewing Machine (4 set) 72,000.00 72,000.00
Electronic Steam Iron (1 set) 1,500.00 1,500.00
Sewing measure ruler (2 set) 300.00 300.00
Dressmaking Scissors (2 pc/s) 300.00 300.00
Total 74,100.00 74,100.00
PPE SCHEDULE 7
Office Equipment
Computer 13,000.00
Printer/ Photocopying/ Scanner 3,999.00
Air Conditioning 7,999.00
CCTV Installation 10,000.00
TOTAL 34,998.00

DEFINITION OF TERMS
 Projected Sales - A projected sale is the amount of revenue a company expects to

earn at some point in the future. It is a prediction in which the forecasted sales will
trend upward or downward.
 Projected Direct Materials Budget - The projected direct materials budget is the
estimation of the total cost raw materials that the business must be purchased to
achieve the required unit of production for the next three years.
 Selling and Administrative - Expenses are the planned operating expenses of the
business other than manufacturing costs. It is report on the income statement as the
sum of all direct and indirect selling expenses and all general and administrative
expenses of a company.
 Employee benefits -Employee benefits it is a type of compensation provided to

employees in addition to their normal wages or salaries.
 Net Sales - are total revenue, less the cost of sales returns, allowances, and discounts.
This is the primary sales figure reviewed by analysts when they examine the income
statement of a business.
 Net Purchases - is defining as the gross amount of purchases made, less deduction
for purchase discounts, returns, and allowances.
 VAT Payable - is defining output VAT and it found on invoices you are sending to
the customer. In other words, output VAT found on invoices going out from your
company.
 Asset – are reported on the balance sheet usually at cost or lower. Assets are also part
of the accounting equation: Assets = Liabilities + Owner’s Equity.

 Assumption – an accounting guidelines which allows the readers of financial

statements to assume that the company will continue on long enough to carry out its
objectives and commitments.
 Balance sheet – is one of the major financial statements used by accountants and
business owners.
 Cash flow – reports the cash generated and used during the time interval specified in
its heading. The period of time that the statement covers is chosen by the company.
 Current ratio – is a liquidity and efficiency ratio that measures a firm’s ability to pay
off its short-term liabilities with its current assets.
 Financial analysis – is the examination of financial information to reach business

decisions. Financial statements are a collection of summary-level reports about an
organization’s financial results.
 Financial position – is the current balances of the recorded assets, liabilities, and
equity of an organization. This information is recorded in the balance sheet, which is
one of the financial statements.
 Gross profit – is net sales minus the cost of goods sold presented on a multiple-step
income statement prior deducting selling general and administrative expenses and
prior to non-operating revenues, non-operating expenses, gains and losses.
 Income statement – presents the financial results of a business for a stated period of
time.
 Investment – an asset or item acquired with the goal of generating income or

appreciation.
 Liabilities – an obligation of company of organization. Amounts owned by lenders

and suppliers.
 Profitability – ability of a company to use its resources to generate revenues in

excess of its expenses. In other words, this is a company’s capability of generating
profits from its operations.

REFERENCES
 Cruz, Z.VC, (2015.Accounting Process: Basic Concepts and Procedures (21st Ed.).
Philippine Copyright A-23418, Zenaida Vera Cruz Manuel 2342 Esmeralda St. S.A.B
Manila
 Manuel, Z.VC, (2015). Financial Statement Presentation, Closing the Books, and
Financial analysis. (21st Ed., pp. 185 – 218)
 Manuel, Z.VC, (2015). Reporting Cash Flows., (21st Ed., pp. 325 – 340)
 De Leon, Norma, Ellery, and Guillermo (2017) Cost Accounting Book, C.M. Recto,
Manila, GIC Enterprises & Co.,INC.
 Palepu, K. G., Bernard, V. L., & Healy, P. M. (1996). Business analysis and
valuation: Using financial statements: Text and Cases: Cincinnati Ohio: South
Western College Publishing.
 https://tradingeconomics.com/philippines/corporate-tax-rate
 https://psa.gov.ph/content/producer-price-survey-february-2019
 https://www.manilawater.com/storage/files/5/manila-water-
enterprise/Disclosures/ltr.pse.sec.rr.01Jan2019.v2.pdf
 https://meralcomain.s3.ap-southeast-1.amazonaws.com/2019-01/01-
2019_rate_schedule.pdf?null
 https://www.statista.com/outlook/249/123/apparel/philippines
 https://mr-eurodisco.com/finance/vat-payable-output-vat/
 https://www.accountingtools.com/articles/2017/5/12/net-purchases
 https://www.accountingtools.com/articles/2017/5/12/net-sales

JOHN CARLO R. MAGANA

#44 Brgy. Road Philand Drive, Tandang Sora, Quezon City
Phone Number: +63912-083-8056
Email-Address: jcanagam016@gmail.com
CAREER OBJECTIVE: Accept challenging position in the work place area

wherein I can share my knowledge for the betterment of the company.
PERSONAL PARTICULARS:
Age: 21 years old

Date of Birth: March 20, 1997
Nationality: Filipino
Gender: Male
Marital Status: Single
EDUCATION:
2015 – Present Colegio de San Lorenzo

Congressional Avenue Quezon City
2009 – 2015 Secondary Degree

Culiat High School
Bgry. Culiat Tandang Sora, Quezon City
2003 – 2009 Primary Degree

San Vicente Elementary School
San Vicente, Daet Camarines Norte
WORK SKILLS:
 Computer Literate
 Analyzing & Organizing
 MS Office
 Responsible & Punctual

MEMBERSHIP:
 JUNIOR CHAMBER OF BUSINESS PROFESSIONALS,(2015-up to

Present)
 JUNIOR ALLIANCE FINANCE EXECUTIVE,(2015-up to Present)
SEMINARS ATTENDED:
 “Business Ethics Conference”

Bulwagang San Lorenzo, Colegio de San Lorenzo, Quezon
City
2th of December 2017
 “Windows 10 and Office 2016”

City
19th of January 2017
 “Marketing & Communications in the Era of Disruption”

City
8th of October 2016
 “Water Rescue and Survival Training”

Barangay Project 6 Swimming Pool, Quezon City
24th September 2016
CHARACTER REFERENCES:
JESSICA GULAS
BILLING AND COLLECTION OFFICER
ARMOLAND ESTATE CORP.
+63930-992-9377
REYMUNDO M. MANGANTULAO JR.

ASSISTANT FINANCIAL CONTROLLER
CONDUENT INTERNATIONAL
+63928-845-2080

AVELINO, MARY GRACE C.

Home Address: Blck 9 lot 1 Servants of Hoa Phlnd Drv T.sora Q.C
Contact Number: 09952621038
E-Mail Address: gandaavelino@gmail.com
OBJECTIVES
 To share my knowledge and skills to the company
 To be part of the growing company and willing to train
CAREER OBJECTIVE
A Finance position where my skills will be established a rewarding career in sales by
building excellent relationship with the partners and customers.
PERSONAL DATA
Date of Birth : September 24, 1998

Place of Birth : Garrita Bani Pangasinan
Age : 19
Civil Status : Single
Nationality : Filipino
Religion : Roman Catholic
Languages/ Dialects Spoken : English, Filipino, Ilocano
EDUCATIONAL BACKGROUND
College Level : Colegio de San Lorenzo
2015-PRESENT
Congressional Ave. Quezon City
Course : BS in Business Administration (FINANCE)
Secondary Level : Garrita National High School

2013-2015
Garrita Bani Pangasinan
New Era National High School

2011-2013

Elementary Level :  Garrita Elementary School

2005-2011
Garrita Bani Pangasinan
SKILLS WORK CONTENT

 Leadership Skills
 Good Communication Skills
 Marketing and Accounting Skills
 Help oversees individual accounts
 Facilitating purchases
 Assisting financial reports
SEMINARS ATTENDED
 “Ethics: The Foundation of Business”, Colegio de San Lorenzo, 2017
 ”Cloud 101: Introduction to Cloud Technology”, Colegio de San Lorenzo, 2017
 “ Windows 10 and Office”, Colegio de San Lorenzo, 2017
 “Beyond Disciplinary Boundaries: Interdisciplinary in the Philippine Higher Education”,
Colegio de San Lorenzo, 2016
VOLUNTEERS
 Gawad Kalinga HSIA Pabahay Project, Upper Banlat,QC., 2016
 Feeding Program , Bignay Valenzuela City., 2017
MEMBERSHIP
 Junior Confederation of Finance Associations-Philippines(JCFAP), 2016-PRESENT
CHARACTER REFERENCES
MR. SHERWIN SANTIAGO

Business Manager
Mustard Seeds System Corp.,
0917-647-9111

ERICKA NICOLE M. REY

101 B Unit E P. Sevilla St. 4th Ave. Caloocan City
09669402597, ericka_nicole05@yahoo.com
OBJECTIVE
Honesty and Integrity, Can easily adapt to environment
Team Work Skills, I want to learn and enhance my knowledge more respectfulness.
EDUCATIONAL BACKGROUND
Inclusive Dates Degree Earned / Institution
2015 – 2019 Bachelor of Science in Business Administration

Colegio de San Lorenzo
Congressional Ave., Quezon City
2011 – 2013 Bachelor of Science in Applied Mathematics

with Information Technology
Far Eastern University
Nicanor Reyes Sr. St., Sampaloc, Manila
2007 – 2011 High School Education

Guardian Angel School Inc.
T.Samson Ave. Deparo Novaliches
Caloocan City, Philippines

PRE-EMPLOYMENT BACKGROUND
Student Assistant
January 2019
On The Job Trainee

May 2017
TRAINING AND SEMINARS ATTENDED
Seminar Title: Speech Festival 2016

Venue: Bulwagang San Lorenzo, Colegio de San Lorenzo, Congressional
Avenue, Quezon City
Inclusive Date: 2016
Seminar Title: Windows 10 and Office 2016

Venue: Bulwagang San Lorenzo, Colegio De San Lorenzo,
Congressional
Avenue, Quezon City
Inclusive Date: January 19, 2017
Seminar Title: Ethics: The Foundation of Business

Venue: Bulwagang San Lorenzo, Colegio De San Lorenzo, Congressional
Avenue, Quezon City
Inclusive Date: August 16, 2017
Experience Work
Position: Proctor
Place: Ateneo de Manila, Branch Makati City
CHARACTER REFERENCE:
Romalyn Purificacion
Professor
09062818275
Ma. Rosario Madjos
Office Assistant
09175724939
Ateneo de Manila University, Katipunan Ave. QC

MARIVIC TENDIDO VILLAROSA, LPT

Malate, Manila
0915 516 8080
marivict.villarosa@yahoo.com
EDUCATIONAL QUALIFICATIONS
Master of Education Management – Major in Educational Leadership

Polytechnic University of the Philippines
June 2016 – Present (On-going thesis)
Master of Education – Major in Educational Administration (24 Units Earned)

Pamantasan ng Lungsod Ng Maynila
March 2016
Bachelor of Secondary Education – Major in English

Pamantasan ng Lungsod Ng Maynila
April 2012
WORK EXPERIENCES AND PROFESSIONAL SERVICES
PROOFREADER/EDITOR
Grammatiki
March 2016 - present
IELTS IMPLEMENTER
Perfect9 – Rachel Allen Review Center
February 2017 - present
TRANSCRIBER
QA World
December 2018 - present
OET INTERLOCUTOR
ICSEC – Kaplan
February 2018 - present
PERFECT9 ACADEMIC ASSISTANT

Perfect9 – Rachell Allen Review Center
April 2018 - September 2018

RESEARCH WRITER
Livingston Research
October 2017 – August 2018
ENGLISH LANGUAGE & LITERATURE PROFESSOR (PART-TIME)

De La Salle – College of Saint Benilde
August 2015-December 2017
ENGLISH LANGUAGE PROFESSOR

STI College – Taft
June 2016 - March 2016
ENGLISH LANGUAGE, LITERATURE & ARTS PROFESSOR

STI College – Parañaque
June 2012 - May 2015
PROFESSIONAL DEVELOPMENT, ACHIEVEMENTS AND HONORS
1. Research Publication
Acceptability of Radish (Raphanus sativus) Candy as Vitamin C Supplement

European Academic Research. Vol. V, Issue 3
June 2017 [ISSN 2286-4822]
2. Attendance in Seminar/Symposia/Workshops/Conferences/Convention
Filipino Sign Language Learning Program

PARTICIPANT/GRADUATE
September 2017 – April 2018
May 2016 - September 2016
Pre-Employment Seminar
RESOURCE SPEAKER
March 23, 2018
Résumé and Cover Letter Writing

RESOURCE SPEAKER
March 2, 2018

How to Start and Manage a Preschool or Daycare Center

PARTICIPANT
Business Coach, Inc.
August 29, 2017
Innovative Teaching Strategies: Mainstreaming Learning Competencies

PARTICIPANT
Philippine Association for Teachers and Education
November 28, 2014
STI Mentorship Program

FACILITATOR
STI College - Parañaque
June 2014 - October 2014
Teaching Skills Training I

PARTICIPANT
June 2013
2nd New Teachers Conference: Harnessing Tradition with Innovation

PARTICIPANT
MIQUE International Conference and Event Planners
September 15, 2012
Transition: Pursuing the advocacy of being a teacher

COMMITTEE MEMBER
Cadet Teachers’ Organization
September 2, 2011
3. Honor/Citation/Award
Service Awardee
Awarded by De La Salle – College of Saint Benilde
November 8, 2017
November 7, 2016
Election Monitoring Volunteer in Magbayanihan para sa Halalan 2016

Awarded by National Citizens’ Movement for Free Elections (NAMFREL)
November 7, 2016

Certificate of Recognition
Editor/Grammarian of Business Management, Information Technology and Computer
Science students’ theses
Awarded by STI College – Parañaque
May 14, 2015
4. Service or Involvement
National Children’s Hospital

BLOOD DONOR
September 6, 2018
The Philippine National Red Cross Blood Services

BLOOD DONOR
De La Salle College of Saint Benilde
November 23, 2015
STI – Parañaque
March 1, 2018
August 28, 2014
September 26, 2016
August 28, 2012
Philippine General Hospital

BLOOD DONOR
July 6, 2017
Writing Workshop/Community Outreach Program

COMMITTEE MEMBER
November 11, 2017
Spreading the Charity Virus

ORGANIZER
Sisters of Mary School, Silang, Cavite
December 4, 2016
Magbayanihan para sa Halalan 2016

NAMFREL LOGISTICS OFFICER
La Salle Green Hills, Mandaluyong
May 9, 2016

5. Civil Service Professional and Other Government Examinations
Customer Services NC II
Technical Education and Skills Development Authority (TESDA)
July 31, 2015
BOARD PASSER – Licensure Examination for Teachers

Professional Regulatory Commission
April 2013
PASSER – Sub-professional Civil Service Exam

Civil Service Commission
October 21, 2012
6. Membership/ Officer in Learned or Professional Societies/ Organizations/

Associations
Member
Asia Pacific Consortium of Researchers and Educators, Inc.
2016 – present
Member
Philippine Association for Teachers and Education
2014 – present
CHARACTER REFERENCES
MS. MINDA REYES

IELTS Academic Head, Perfect 9
Rachell Allen Review Center
(02) 498 0412
DR. MALOU SANTOS

Head, English Department
(02) 230 3100 loc.1471
MRS. GLENDA RIVERA

Head, GE Department
(02) 525 8398


Xtylish Clip Thesis Paper

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COLEGIO DE SAN LORENZO

SCHOOL of BUSINESS and MANAGEMENT

A Financial Feasibility Study

Magana, John Carlo R. (Leader)

Colegio De San Lorenzo

Bachelor of Science in Business Administration

April 05, 2019

Dr. Pedro R. Lora Jr.

Thru: Prof. Ellen S. Dizon, MBA

Dear Dr. Lora:

Very truly yours,

Prof. Margarita L. Hermida, CPA, MBA

Bachelor of Science in Business Administration

April 05, 2019

Dr. Pedro R. Lora Jr.

Dear. Dr. Lora:

Very truly yours,

Prof. Ellen S. Dizon, MBA

Bachelor of Science in Business Administration

Signed this 5th of April, 2019.

Engr. Danilo A. Reyes, LPT, MBA

Dr. Pedro R. Lora Jr.

Bachelor of Science in Business Administration

Signed this 5th of April 2019.

John Carlo R. Magana

Mary Grace C. Avelino

Ericka Nicole M. Rey

Bachelor of Science in Business Administration

CERTIFICATE OF LANGUAGE EDITING

Signed this 5th of April, 2019.

Marivic T. Villarosa, LPT

Bachelor of Science in Business Administration

Prof. Margarita L. Hermida, CPA, MBA

Prof. Ellen Soriano Dizon, MBA

Engr. Grace De Ocampo Prof. Carlo Magno Santuico CPA, MBA

Prof. Ellen Soriano Dizon, MBA

Bachelor of Science in Business Administration

Thank you and God bless.

Bachelor of Science in Business Administration

Title : A study on the Financial Feasibility of Xtylish Clip (Originally

Proponents : John Carlo R. Magana

Degree : Bachelor of Science in Business Administration

Bachelor of Science in Business Administration ix

E. Financial Ratio Analysis …………………………………… 16

Bachelor of Science in Business Administration x

Bachelor of Science in Business Administration

Science in Business Administration major in Marketing Management students of Colegio De

Background of the study

Bachelor of Science in Business Administration

Bachelor of Science in Business Administration

Purpose of the Study

The following are the purposes of this feasibility study:

1.) To evaluate the feasibility of the project as to the following:

b.) Financial Sustainability

Bachelor of Science in Business Administration

Findings of the Evaluation

found that the business is feasible on the following grounds:

Finance and Operations and Human

Figure1. GSM Co. Ltd. Organizational Structure

The Xtylish Clip is a manufacturing company formed as a General Partnership

Bachelor of Science in Business Administration

B.) Financial Sustainability

Bachelor of Science in Business Administration