E&E Caligraphy Workshop

Budget Proposal for Launching

STARTUP EXPENSES

VENUE
AMOUNT
Event Place 7,000
Event Staff 2,500
Equipment Rental 2,000
Additional Tables & Chairs 500
Food & Beverage 5,000
Souvenirs 1,500
AV 500
TOTAL PHP 19,000

EVENT PROGRAMMING
Performers 3,000
Guest Speaker 3,000
Certificate of Appreciation 100
& Gift for the guest speaker 1,000
Video Production 500
Presentation Graphics 500
TOTAL PHP 8,100

ADVERTISING & PROMOTIONAL

Radio Advertising 2,500
Signage 500
Printing 500
Brochure & Flyers 800
Tarpaulin 500
Posters 700
TOTAL PHP 5,500

OTHER EXPENSES
Rent Expense 5,000
Office Supplies 7,000
Office Equipment 20,000
Utilities Expense 3,000
Insurance Expense 2,000
Internet Bill 1,300
Registration 1,500
Business Permit 2,000
Materials & Products 8,000
TOTAL PHP 49,800
STAFF SALARY WAGES
Female Tutor 1 5 session 3,000
Female Tutor 2 5 session 3,000
Office Personnel per month 13,000
Sale Personnel per month 10,800
TOTAL PHP 29,800

OVERALL TOTAL PHP 112,200

Prepared By:

Austria, Michelle Ericka A.

 E&E Caligraphy Workshop
Income Statement
For Year Ending

REVENUES:

Service Income 300,000

Sales Income 100,000
TOTAL ₱400,000.00

Cost of Good Sold 150,000

GROSS PROFIT ₱250,000.00

EXPENSES

Venue Expense 19,000

Event Programming 8,100
Advertising Expense 5,500
Rent Expense 5,000
Office Supplies 7,000
Office Equipment 20,000
Salaries Expense 29,800
Utilities Expense 3,000
Insurance Expense 2,000
Internet Bill 1,300
Registration 1,500
Business Permits 2,000
Materials 8,000
TOTAL ₱112,200.00

NET INCOME BEFORE TAXES ₱137,800.00

Less Income Tax Expense 0

NET INCOME ₱137,800.00

 E&E Caligraphy Workshop
Balance Sheet

ASSETS
Current Assets

Cash 100,000
Accounts Receivable 35,000
Inventory 10,000
Prepaid Rent 5,000

Non Current Assets

Computer Equipment 75,000

Accumulated Depreciation 15,000

TOTAL ASSET ₱240,000.00

LIABILITIES & OWNER'S EQUITY

Current Liabilities

Accounts Receivable 40,000

Taxes Payable 25,000
Salaries Payable 7,000
Unearned Revenues 3,000

TOTAL LIABILITIES ₱75,000.00

OWNER'S EQUITY

Ms. Austria, Capital ₱165,000.00

TOTAL OWNER'S EQUITY & LIABILITY ₱240,000.00

Prepared by:

Austria, Michelle Ericka