Beruflich Dokumente
Kultur Dokumente
APPENDIX A
Letters
___________________________
___________________________
___________________________
Sir/Madam:
Good day!
We, the 5th year BS Accountancy students of Cavite State University – Main
Campus, are currently conducting a project feasibility on the establishment of
"HappiTown”, a recreational center in Indang, Cavite. Your students are considered part
of the target market of the business. In this regard, we are requesting your good office to
Republic of the Philippines
CAVITE STATE UNIVERSITY
(CvSU)
Don Severino de las Alas Campus
Indang, Cavite 167
(046) 415 0010
provide us a copy of the number of enrollees in your school and allow us to conduct an
interview. The purpose of this is to determine the projected demand of the proposed
business and to determine the responses of your students regarding our questions for the
feasibility study.
We assure that the information that we will obtain will remain confidential and be
used for academic purposes only. We are hoping for your favourable response.
Sir/Madam:
Good day!
We, the 5th year BS Accountancy students of Cavite State University – Main
Campus, are currently conducting a project feasibility on the establishment of
"HappiTown”, a recreational center in Indang, Cavite. Residents of your
168
municipality/city are considered part of the target market of the business. In this regard,
we are requesting your good office to provide us a copy of the population of your area
and allow us to conduct an interview. The purpose of this is to determine the projected
demand of the proposed business and to determine the responses of your students
regarding our questions for the feasibility study.
We assure that the information that we will obtain will remain confidential and be
used for academic purposes only. We are hoping for your favourable response.
APPENDIX B
Computation of Project Demand
170
Step 1: Compute for the demand rate based on the frequency of going to amusement and
Step 2: Compute for the Potential Customers of the segments: Kids, Students, and Adults.
Projected Potential Customers – Kids (ages 1-9 years old) on Indang for 2020 – 2024
171
year
Once a month 901 46.9% 12 5, 071
Twice a month 901 13.8% 24 2, 985
Thrice a month 901 5.4% 36 1, 751
Once a week 901 17.7% 48 7, 655
Twice a week 901 6.9% 96 5, 969
Thrice a week 901 9.3% 144 12, 067
Total Potential
Demand
*Total Number of Services = Potential Customers x Percentage of Frequency of x
year
Once a month 919 46.9% 12 5, 173
Twice a month 919 13.8% 24 3, 044
Thrice a month 919 5.4% 36 1, 787
Once a week 919 17.7% 48 7, 808
Twice a week 919 6.9% 96 6, 088
Thrice a week 919 9.3% 144 12, 308
Total Potential
Demand
174
year
Once a month 937 46.9% 12 5, 274
Twice a month 937 13.8% 24 3, 104
Thrice a month 937 5.4% 36 1, 822
Once a week 937 17.7% 48 7, 961
Twice a week 937 6.9% 96 6, 207
Thrice a week 937 9.3% 144 12, 549
Total Potential
Demand
year
Once a month 956 46.9% 12 5, 381
Twice a month 956 13.8% 24 3, 167
Thrice a month 956 5.4% 36 1, 859
Once a week 956 17.7% 48 8, 123
Twice a week 956 6.9% 96 6, 333
Thrice a week 956 9.3% 144 12, 803
Total Potential
Demand
year
Once a month 975 46.9% 12 5, 488
Twice a month 975 13.8% 24 3, 230
Thrice a month 975 5.4% 36 1, 896
Once a week 975 17.7% 48 8, 284
Twice a week 975 6.9% 96 6, 459
Thrice a week 975 9.3% 144 13, 058
Total Potential
176
Demand
year
Once a month 2, 008 46.9% 12 11, 302
Twice a month 2, 008 13.8% 24 6, 651
Thrice a month 2, 008 5.4% 36 3, 904
Once a week 2, 008 17.7% 48 17, 060
Twice a week 2, 008 6.9% 96 13, 301
Thrice a week 2, 008 9.3% 144 26, 892
Total Potential
Demand
177
year
Once a month 2, 044 46.9% 12 11, 504
Twice a month 2, 044 13.8% 24 6, 770
Thrice a month 2, 044 5.4% 36 3, 974
Once a week 2, 044 17.7% 48 17, 366
Twice a week 2, 044 6.9% 96 13, 539
Thrice a week 2, 044 9.3% 144 27, 374
Total Potential
Projected Demand
Projected 78, 595
Demand
178
year
Once a month 2, 085 46.9% 12 11, 735
Twice a month 2, 085 13.8% 24 6, 906
Thrice a month 2, 085 5.4% 36 4, 054
Once a week 2, 085 17.7% 48 17, 715
Twice a week 2, 085 6.9% 96 13, 812
Thrice a week 2, 085 9.3% 144 27, 933
Total Potential
Projected Demand
Projected 80, 184
Demand
year
Once a month 2, 127 46.9% 12 11, 971
179
Demand
year
Once a month 2, 170 46.9% 12 12, 213
Twice a month 2, 170 13.8% 24 7, 188
Thrice a month 2, 170 5.4% 36 4, 219
Once a week 2, 170 17.7% 48 18, 437
Twice a week 2, 170 6.9% 96 14, 375
Thrice a week 2, 170 9.3% 144 29, 061
Total Potential
Multiply by:
Demand
year
Once a month 2, 804 46.9% 12 15, 781
Twice a month 2, 804 13.8% 24 9, 287
Thrice a month 2, 804 5.4% 36 5, 451
Once a week 2, 804 17.7% 48 23, 823
Twice a week 2, 804 6.9% 96 18, 574
Thrice a week 2, 804 9.3% 144 37, 552
Total Potential
Demand
181
year
Once a month 2, 860 46.9% 12 16, 097
Twice a month 2, 860 13.8% 24 9, 473
Thrice a month 2, 860 5.4% 36 5, 560
Once a week 2, 860 17.7% 48 24, 299
Twice a week 2, 860 6.9% 96 18, 945
Thrice a week 2, 860 9.3% 144 38, 301
Total Potential
Demand
year
Once a month 2, 917 46.9% 12 16, 417
Twice a month 2, 917 13.8% 24 9, 661
Thrice a month 2, 917 5.4% 36 5, 671
Once a week 2, 917 17.7% 48 24, 783
Twice a week 2, 917 6.9% 96 19, 323
Thrice a week 2, 917 9.3% 144 39, 065
Total Potential
Demand
year
Once a month 2, 975 46.9% 12 16, 744
Twice a month 2, 975 13.8% 24 9, 854
Thrice a month 2, 975 5.4% 36 5, 784
183
Demand
year
Once a month 3, 035 46.9% 12 17, 081
Twice a month 3, 035 13.8% 24 10, 052
Thrice a month 3, 035 5.4% 36 5, 900
Once a week 3, 035 17.7% 48 25, 786
Twice a week 3, 035 6.9% 96 20, 104
Thrice a week 3, 035 9.3% 144 40, 645
Total Potential
Demand
Total Potential
Step 6: Compute for the Weighted Potential Market of the segments by prorating the
aggregated potential market of each segment using the percentage of the respondents.
Total Potential
Step 7: Compute for the Weighted Projected Demand of the segments by prorating the
aggregated projected demand of each segment using the percentage of the respondents.
Step 8: Compute for the demand of each service for 2020 – 2024.
DEMAND SERVICE
ARCADE 219, 676 91.4% 200, 784
BALLPIT AND 219, 676 33.2% 72, 933
INFLATABLES
BINGO 219, 676 23% 50, 526
DEMAND SERVICE
ARCADE 223, 906 91.4% 204, 650
BALLPIT AND 223, 906 33.2% 74, 337
187
INFLATABLES
BINGO 223, 906 23% 51, 948
DEMAND SERVICE
ARCADE 228, 377 91.4% 208, 737
BALLPIT AND 228, 377 33.2% 75, 821
INFLATABLES
BINGO 228, 377 23% 52, 527
DEMAND SERVICE
ARCADE 232, 943 91.4% 212, 910
BALLPIT AND 232, 943 33.2% 77, 338
INFLATABLES
BINGO 232, 943 23% 53, 577
DEMAND SERVICE
ARCADE 237, 635 91.4% 217, 199
BALLPIT AND 237, 635 33.2% 78, 895
INFLATABLES
BINGO 237, 635 23% 54, 656
GAMES
BALLPIT AND 72, 933 74, 337 75, 821 77, 338 78, 895
INFLATABLES
BINGO 50, 526 51, 948 52, 527 53, 577 54, 656
TOTAL 324, 243 330, 935 337, 805 343, 825 350, 750
DEMAND
189
APPENDIX C
Computation of Project Supply
190
Step 1: Compute for the capacity of each service per hour, per day, and per year.
weekends)
ARCADE 144 1, 152* 1, 728** 471, 744***
BALLPIT & 50 400 600 163, 800
INFLATABLES
BINGO 40 320 480 131, 040
*144 x 8
**144 x 12
*** (1, 152 x 261) + (1, 728 x 99)
Computation:
For BINGO:
Step 2: Compute for the projected supply for five years using the 8% growth rate.
INFLATABLES
2020 471, 744 163, 800 131, 040
2021 509, 483 176, 904 141, 523
2022 550, 242 191, 057 152, 845
2023 594, 261 206, 340 165, 072
2024 641, 802 222, 849 178, 278
Step 3: Summarize the total annual supply for 2020 – 2024.
APPENDIX D
Questionnaire
194
Feasibility Study:
HAPPITOWN
I. Profile (Pagkakakilanlan)
Name (Pangalan): ___________________________ Age (Edad): ____ Gender (Kasarian):
_____
II. Please put a check ( ∕ ) mark on the options that best describes your answers.
(Pakilagyan ng tsek ( / ) ang mga pagpipilian na naglalarawan sa iyong mga sagot.)
1. What particular fun house do you usually visit? (Saang mga palaruan at
panlibangan na lugar ka kadalasang pumupunta?)
____ Kidzoona
____Timezone
____Quantum
____Tom’s World
____World of Fun
Others, please specify (Iba pa, tukuyin)__________________
2. How often do you go to the amusement and recreational centers? (Gaano kadalas
ka pumupunta sa mga palaruan at panlibangan na lugar?)
___ Once a week (Isang beses sa isang linggo) ___ Once a month (Isang beses sa isang buwan)
___ Twice a week (Dalawang beses sa isang ___ Twice a month (Dalawang beses sa isang
linggo) buwan)
___ Thrice a week (Tatlong beses sa isang ___ Thrice a month (Tatlong beses sa isang
linggo) buwan)
195
4. How much time do you spend on playing at amusement and recreational centers?
(Ilang oras ang ginugugol mo sa paglalaro sa mga palaruan at panlibangan na
lugar?)
___ 1 to 3 hours(Isa hanggang tatlong oras)
___ 3 to 5 hours(Tatlo hanggang limang oras)
___ 5 to 8 hours(lima hanggang walong oras)
6. What is your preferred time of the day to go to fun houses? (Ano ang iyong
gustong oras ng pagpunta sa mga palaruan at panlibangan na lugar?)
___10:00am – 12:nn ___3:00pm – 5:00pm
___12:00nn –3:00pm ___5:00pm – onwards
7. How satisfied are you with the services offered by the amusement and
recreational centers? Rate from 1-10 (10 being the highest) (Gaano ka nasiyahan
sa mga serbisyong ibinibigay ng mga palaruan at panlibangan na lugar? Markahan
ng 1-10; 10 ang pinaka mataas)
Answer (Sagot): ______
196
III. Please put a check ( ∕ ) mark to the options that best describes your answers.
(Pakilagyan ng tsek ( / ) ang mga pagpipilian na naglalarawan sa iyong mga sagot.)
Ang Happitown ay isang lugar palaruan at panlibangan na nag ooffer ng mga sebisyo tulad ng: Arcade games,
Inflatables, Ball Pit at Bingo. Ito ay matatagpuan along Indang-Tagaytay Highway, sa mismong gilid ng kanto ng
Kayquit, Indang, Cavite
1. Are you willing to avail the services offered by the HappiTown? (Gusto mo bang
subukan ang mga serbisyong iniaalok ng HappiTown?)
___ Yes (Oo) ___ No (Hindi)
If no, you can stop answering
(Kung hindi, maari ka nang tumigil sa pagsasagot)
3. What service/s are you willing to avail? (Anong serbisyo ang handa kang
subukan?)
___Arcade games (Php 5 per token)
___ Ball pit & Inflatable (Php 150 per hour)
___ Bingo (Php 50 for 3 cards)
4. Do you think that the price of our services is reasonable? (Sa iyong palagay,
magiging sulit ba ang halagang iyong ibabayad?)
___ Yes (Oo) ___ No(Hindi)
Why (Bakit)? _____________________________________
5. How frequent are you willing to avail our service? (Gaano kadalas mo gusto
sumubok ng aming serbisyo?)
___ Once a week (Isang beses sa isang ___ Once a month (Isang beses sa isang
linggo) buwan)
___ Twice a week (Dalawang beses sa ___ Twice a month (Dalawang beses sa isang
isang linggo) buwan)
___ Thrice a week (Tatlong beses sa ___ Thrice a month (Tatlong beses sa isang
isang lingo) buwan)
197
6. Are you willing to invite your friends and family to visit HappiTown? (Gusto mo
bang isama o yayain ang iyong mga kaibigan sa pagpunta sa HappiTown?)
___ Yes (Oo) ___ No (Hindi)
8. Do you find our service helpful to you? Rate from 1-10 (10 being the highest)
(Sa iyong palagay, makatutulong ba ang mga serbisyo namin sa inyo? Markahan
ng 1-10; 10 ang pinakamataas)
Answer (Sagot): ______
Signature (Lagda):
198
Feasibility Study:
HAPPITOWN
I. Profile (Pagkakakilanlan)
Name (Pangalan): ___________________________ Age (Edad): ____ Gender (Kasarian):
_____
II. Please put a check ( ∕ ) mark to the options that best describes your answers.
(Pakilagyan ng tsek ( / ) ang mga pagpipilian na naglalarawan sa iyong mga sagot.)
1. Are you a parent? (Isa ka bang magulang?) _____Yes (Oo) _____ No (Hindi)
If yes, how many kids do you have? (Kung oo, ilan ang anak mo?) __________
3. How often do you go to the amusement and recreational centers with your kids?
(Gaano mo kadala dinadala ang iyong mga anak sa mga palaruan at panlibangan
na lugar?)
___ Once a week (Isang beses sa isang linggo) ___ Once a month (Isang beses sa isang buwan)
___ Twice a week (Dalawang beses sa isang ___ Twice a month (Dalawang beses sa isang
linggo) buwan)
___ Thrice a week (Tatlong beses sa isang ___ Thrice a month (Tatlong beses sa isang
linggo) buwan)
5. How much time do your kids spend on playing at amusement and recreational
centers? (Ilang oras ang ginugugol ng iyong anak sa paglalaro sa mga mga
palaruan at panlibangan na lugar?)
___ 1 to 3 hours (isa hanggang tatlong oras)
___ 3 to 5 hours(tatlo hanggang limang oras)
___ 5 to 8 hours (lima hanggang walong oras)
6. What is your preferred time of the day to go to fun houses? (Anong oras kayo
pumupunta sa mga mga palaruan at panlibangan na lugar?)
___10:00am – 12:nn ___3:00pm – 5:00pm
___12:00nn –3:00pm ___5:00pm – onwards
7. What particular fun house do you usually visit? (Saang mga palaruan at
panlibangan na lugar kayo pumupunta?)
____ Kidzoona
____Timezone
____Quantum
____Tom’s World
____World of Fun
Others, please specify (Iba pa, tukuyin)__________________
8. How satisfied are you with the services offered by the amusement and recreational
centers? Rate from 1-10 (10 being the highest) (Gaano nasiyahan ang anak mo sa mga
serbisyong ibinibigay ng mga palaruan at panlibangan na lugar?) (10 ang
pinakamataas)
Answer (Sagot): ______
III. Please put a check ( ∕ ) mark to the options that best describes your answers.
(Pakilagyan ng tsek ( / ) ang mga pagpipilian na naglalarawan sa iyong mga sagot.)
8. Are you willing to avail the services offered by the HappiTown? (Handa ka
bang ipasubok sa iyong anak ang mga serbisyong iniaalok ng HappiTown?)
___ Yes (Oo) ___ No (Hindi)
(If no, you can stop answering)
(Kung hindi, maaari ka nang tumigil sa pagsagot)
200
10. What service/s are you willing to avail? (Ano-anong mga serbisyo ang handa
kang subukan o ipasubok sa iyong anak?)
11. Do you think that the price of our services is reasonable and within your
budget? (Sa iyong palagay, magiging sulit ba ang halagang iyong ibabayad?)
___ Yes (Oo) ___ No (Hindi)
Why? (Bakit?)
_____________________________________
12. How frequent are you willing to avail our service? (Gaano kadalas mo gusto
sumubok ng aming serbisyo?)
___ Once a week (Isang beses sa isang linngo) ___ Once a month (Isang beses sa isang buwan)
___ Twice a week (Dalawang beses sa isang ___ Twice a month (Dalawang beses sa isang
linngo) buwan)
___ Thrice a week (Tatlong beses sa isang ___ Thrice a month (Tatlong beses sa isang
linngo) buwan)
13. What factors will you consider in making your decision to go to HappiTown?
(Anong mga kadahilanan ang isasaalang-alang mo sa pagpunta sa
HappiTown?)
14. Do you find our service helpful to you? Rate from 1-10 (10 being the highest)
(Sa iyong palagay, makatutulong ba ang mga serbisyo namin sa iyo? Markahan
ng 1-10; 10 ang pinakamataas)
Answer (Sagot): ______
Signature (Lagda):
202
APPENDIX E
Population
203
204
205
APPENDIX F
Forms
206
APPENDIX G
Business Permits and Requirements
214
___________________________
OWNER
__________________________
ADDRESS
___________________________
BUSINESS NAME
_________________________
LOCATION
(Regional)
Certificate of
Business Name Registration
and issue the same on this ___________ in the Philippines.
RAMON M. LOPEZ
Secretary
216
Building Permit
217
218
APPENDIX H
Contribution Tables
219
APPENDIX I
Business Logo
223
224
APPENDIX J
Uniform
225
226
APPENDIX K
Employee’s ID
227
228
APPENDIX L
Marketing Tools
229
230
231
APPENDIX M
Project Site
232
233
APPENDIX N
Equipment and Tools
234
Gaming Machines
235
Administrative Equipment
237
APPENDIX O
Contract of Lease
238
LEASE CONTRACT
This CONTRACT OF LEASE is made and occurred at Indang, Cavite, this day of December 15,
2019, by and between
JO MORENA, of legal age, married, Filipino, and with residence and postal address at 084
Narra St., Kayquit III, Indang, Cavite hereinafter referred to as the LESSOR,
-AND-
HappiTown, represented by the Managing Partner, PRIMO CRUZ, of legal age, Filipino, and
with residence and postal address at 291 San Gregorio St., Poblacion I, Indang, Cavite hereinafter
referred to as the LESSEE,
WITNESSETH; That
WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a commercial lot situated
at San Gregorio St., Buna Cerca, Indang, Cavite.
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE, and the LESSEE is
willing to lease the same,
NOW THEREFEORE, for and in consideration of the foregoing premises, the LESSOR leases
unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises,
subject to the following:
1. PURPOSES: That premises hereby leased shall be used by the LESSEE for business purposes
and shall not be diverted to other uses without the written approval from the LESSOR. It is
hereby expressly agreed that if at any time the premises are used for other purposes, the LESSOR
shall have the right to rescind this contract without prejudice to its other rights under the law.
2. TERM: This term of the lease is for EIGHT (8) YEARS from January 6, 2020. Upon its
expiration, this lease may be renewed under each terms and conditions as may be mutually agreed
upon by both parties, written notice of intention to renew the lease shall be served to the LESSOR
not later than seven (15) days prior to the expiry date of the period herein agreed upon
239
3. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESO: TEN
THOUSAND PESOS (₱ 10,000.00). Philippine Currency; or the LESSOR within the first five
days of the following month.
4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of the contract and prior
to move-in an amount equivalent to the rent for ONE (1) MONTH advance and TWO (2)
MONTHS deposit for the sum of PESO, THIRTY THOUSAND PESOS (₱ 30,000.00), Philippine
Currency wherein the one (1) month deposit shall be consumed on the last month of occupancy.
5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as
when the checks are dishonored, the LESSOR at its option may terminate their contract and eject
the LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default
of payment for Two (2) consecutive months and may forfeit whatever rental deposit or advances
have been given by the LESSEE.
6. IMPROVEMENT OF THE PROPERTY. The LESSEE can introduce any improvements and
structures as he may deem necessary for making the lease premises conductive for operating his
business with the written approval from the LESSOR. Any improvement or fixtures shall become
the property of the LESSOR after expiration of the contract.
7. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, firm or corporation, neither shall the
LESSEE assign its rights hereunder to any other person, or entity and no right of interest thereto
or therein shall be conferred on our vested in anyone by the LESSEE without the LESSOR’S
written approval.
8. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, water, internet, and
other public services and utilities during the duration of the lease.
9. REPAIR AND INSURANCE: The LESSEE will answer all minor and major repairs of the
leased premises due to ordinary wear and tear. The LESSOR will insure the building for its
account. The LESSOR will insure its contents at its own expense.
240
10. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or damaged
by fire, flood, lightning, typhoon, earthquake, storm, not or any other unforeseen disabling cause
of acts of God, as to render the leased premises during the term substantially unfit for use and
occupation of the LESSEE, then this lease contract may be terminated without compensation by
the LESSOR or by the LESSEE by the notice in writing to the other.
11. LESSOR’S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE or
its representative at any reasonable hour to check on the general condition of the leased premises,
or whether there are any violations being committed on the condition of this contract, provided
that, during the last three (3) months of the term of the contract, the LESSOR or its duly
authorized representative may show the leased premises to prospective tenants and lessees.
12. EXPIRATION OF LEASE: at the expiration of the term of this lease or cancellation thereof, as
herein provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all
corresponding keys and in as good and tenable condition as the same is now, ordinary wear and
tear expected devoid of all occupants, movable furniture, articles and effects of any kind. Non-
compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at the
latter’s option, to refuse to accept the delivery of the premises and compel the LESSEE to pay
rent therefrom at the same rate plus Twenty-Five (25) % thereof as penalty until the LESSEE
shall have complied with the terms hereof. The same penalty shall be imposed in case the LESSEE
fails to leave the premises after the expiration of this Contract of Lease or termination for any
reason whatsoever.
13. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief
against the other, the losing party shall pay an amount of One Hundred (100) % of the amount
claimed in the complaint as attorney’s fees which shall in no case be less than ₱50,000.00 peso in
addition to other cost and damages which the said party may be entitled to under the law.
14. This CONTRACT OF LEASE shall be valid and binding between the parties, their successors-
in-interest and assigns.
241
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place above
written.
_______________________ _________________________
JO MORENA PRIMO CRUZ
_______________________ _________________________
ALEINE BALTAZAR ALEXINE DIAZ
242
ACKNOWLEDGEMENT
PROVINCE OF CAVITE ) S. S
INDANG, CAVITE )
BEFORE ME, a Notary Public for and in Indang, Cavite personally appeared JO
MORENA in his official capacity as commercial land owner, at San Gregorio St., Bua
Cerca, Indang, Cavite representing the Republic of the Philippines with Community Tax
Receipt No. _ issued at Indang, Cavite on _ 2019 and PRIMO
CRUZ, Managing Partner of HAPPITOWN with Community Tax Receipt
No._________ issued at Indang, Cavite on known to me as the same
persons who executed the foregoing Contract and Agreement and acknowledge to me the
same are their true acts and deeds and in behalf of the parties they represent.
Philippines.
APPENDIX P
Contract of Employment
244
EMPLOYMENT CONTRACT
WHEREAS the Employee and the Employer will enter into an employment agreement
governing the terms and conditions of employment,
1. Employment. The Employee agrees that he will at all times faithfully, industriously,
and to the best of his skill, ability, experience and talents, perform all of the duties
required of his position. In carrying out these duties and responsibilities, the Employee
shall comply with all Employer policies, procedures, rules and regulations, both written
and oral, as are announced by the Employer from time to time. It is also understood and
agreed to by the Employee that his assignment, duties and responsibilities and reporting
arrangements may be changed by the Employer in its sole discretion without causing
termination of this agreement.
2. Term of Employment. The employment of the Employee shall commence the date
hereof and continue for an indefinite term until terminated in accordance with the
provisions of this agreement.
3. Probation. The parties hereto agree that the initial 90-day period of this agreement is
“probationary” in the following respects.
a. The Employer shall have an opportunity to assess the performance attitude, skills and
other employment-related attributes and characteristics of the Employee
b. The Employee shall have an opportunity to learn about the Employer and the position
of employment.
c. Either party may terminate the employment relationship at any time during the initial
90-day period without advance notice or justifiable reason, in which case there will be no
continuing obligations of the parties to each other.
245
5. Duties and Responsibilities. The Employee is required to perform current duties and
responsibilities of which will form part of this agreement. These duties and
responsibilities may be amended from time to time in the sole discretion of the Employer,
subject to formal notification of same being provided to the Employee.
Employer would be highly detrimental to the interests of the Employer. The Employer
further acknowledges and agrees that the right to maintain the confidentiality of such
information constitutes a proprietary right which the Employer is entitled to protect.
Accordingly, the Employee covenants and agrees with the Employer that he will not,
during the continuance of this agreement, disclose any of such confidential information to
any person, firm or corporation, nor shall he use the same, except as required in the
normal course of his agreement hereunder, and thereafter he shall not disclose or make
use of the same.
9. Severability. Each paragraph of this agreement shall be and remain separate from and
independent of and severable from all and any other paragraphs herein except where
otherwise indicated by the context of this agreement. The decision or declaration that one
or more of the paragraphs are null and void shall have no effect on the remaining
paragraphs of this agreement.
10. Notice. Any notice required to be given hereunder shall be deemed to have been
properly given if delivered personally or sent by pre-paid registered mail as follows:
And if sent by registered mail shall be deemed to have been received on the 4th business
day of uninterrupted postal service following the date of mailing. Either party may
change its address for notice at any time, by giving notice to the other party pursuant to
the provision of this agreement.
IN WITNESS WHEREOF the parties hereto have caused this agreement to be executed
and the Employee has set his hand as of the date first above written, as of the ____ day of
____ 2019.
APPENDIX Q
Engagement Letters
249
You have requested that we audit the financial statements of HappiTown which comprise
the Statement of Financial Position as of December 31, 2020, and the income statement,
statement of changes in equity and cash flow statement for the year ended December 31,
2020, and a summary of significant accounting policies and other explanatory
information. We are pleased to confirm our acceptance and our understanding of this
audit engagement by means of this letter. Our audit will be conducted with the objective
of our expressing an opinion on the financial statements.
Our Responsibilities:
We will conduct our audit in accordance with Philippine Standards on Auditing. Those
standards require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement. An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the financial statements. The procedures selected
depend on the auditor's judgment, including assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. An audit also
includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the
overall presentation of the financial statements.
In making our risk assessments, we consider internal control relevant to the entity's
preparation of the financial statements in order to design audit procedures that are
250
appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity's internal control. However, we will communicate to you in
writing any significant deficiencies in internal control relevant to the audit of the
financial statements that we have identified during the audit.
Management’s Responsibility
Our audit will be conducted on the basis that management and those charged with
governance acknowledge and understand that they have responsibility:
a) For the preparation and fair presentation of the financial statements in accordance with
Philippine Financial Reporting Standards;
c) To provide us with:
i) Access to all information of which you are aware that is relevant to the
preparation of the financial statements such as records, documentation and other
matters;
ii) Additional information that we may request from you for the purpose of the
audit; and iii) Unrestricted access to persons within the company from whom we
determine if necessary to obtain audit evidence.
As part of our audit process, we will request from management and, where appropriate,
those charged with governance written confirmation concerning representations made to
us in connection with the audit.
We look forward to full cooperation from your staff during the audit.
Fees
Our fees which are based on the time required by individuals assigned to the engagement
will be Php 5,000.00 inclusive of pocket expenses.
This letter will be effective for future periods unless terminated, amended, or superseded.
251
Please sign and return the attached copy of this letter to indicate that it is in accordance
with your understanding of the arrangements for our audit of the financial statements.
Yours truly,
_____________________
Jeli B. Ciprez, CPA
Ciprez & Co., CPAs
This letter is to confirm our understanding of the terms and objective of our engagement
as well as the nature and limitations of the services we will provide.
Our Responsibility
Beginning January 1 of the year ended December 31, 2020, we will provide you the
following bookkeeping services:
Reconcile checking account with the bank statement each month for proper
account balance and to identify any errors. We will make correcting entries
directly to and identify the source of each adjustment. We will tell you of these
adjustments and make you aware of any corrections.
Review, analyze and reconcile general ledger accounts for accuracy and confer
with you regarding any items not fully understood.
Prepare and record all necessary journal entries to reflect correct accounting
records.
Regularly update the books of account of the business.
Prepare and present Financial Statements.
Review and reconcile Payroll records and corresponding Tax Returns.
Process SSS, PhilHealth, HDMF payment and registration of the employees
Prepare Business Tax Returns.
Prepare and process monthly / quarterly Tax Returns
Maintain a Master File of the business with all records necessary
1. Our engagement is limited to the period and the accounting services indicated
above.
253
2. This engagement does not include business management. We will not review the
payment of any invoices or bills. If an amount appears unusual or out of the
ordinary, we will call it to your attention, but we do not take any responsibility in
the discovery of any errors, irregularities, or fraud.
3. This engagement will not audit or review your financial statements, or any other
accounting documents and information you provide, in accordance with generally
accepted auditing standards. Accordingly, we ask that you not in any manner
refer to this as an audit or review.
4. We will not verify the data you submit for accuracy or completeness. Rather, we
will rely on the accuracy and completeness of the documents and information you
provide to us. Accordingly, our engagement cannot be relied upon to disclose
errors, fraud, or other illegal acts that may exist. However, it may be necessary to
ask you for clarification of some of the information you provide, and we will
inform you of any material errors, fraud or other illegal acts that come to our
attention, unless they are clearly inconsequential.
5. We have no responsibility to identify and communicate significant deficiencies or
material weaknesses in your internal controls as part of this engagement, and our
engagement cannot, therefore be relied upon to make disclosure of such matters.
Company Responsibility
3. You are also responsible for informing us of your knowledge of any allegations of
fraud or suspected fraud affecting the Company received in communications from
employees, former employees, regulators, or others.
4. In addition, you are responsible for identifying and ensuring that the entity
complies with applicable laws and regulations.
Any failure to provide such documents and information, and to do so on a timely basis,
will impede our services, and may require us to suspend our services or withdraw from
255
the engagement. You agree to accept responsibility for any effect on your accounting
records and financial statements of basic financial information or transaction documents
not submitted to us for processing and entry, or losses that may result from their absence.
For purposes of entry of the financial information from your basic transaction documents,
classification according to the agreed-upon chart of accounts will be performed by you or
your employees. As business conditions change, we may mutually agree to
change/modify this arrangement.
Client agrees that these documents should be forwarded to our office on a periodic basis,
such as monthly, as this will enable us to provide you with a current, meaningful and
useful financial statement.
Retention Policy:
In conformity with the BIR requirements, we suggest that you adopt a 10 years policy to
keep all the accounting records and work papers related to the engagement. When records
are returned, it is your responsibility to retain and protect them for future use, potential
examination by any government or regulatory agency, prospective buyers of your
business, acquiring business loans, etc.
Our fees for this bookkeeping service will be Php 1, 500.00 monthly inclusive of out-of
pocket expenses. Tax Returns will be billed separately. Ongoing bookkeeping services
will be billed on a monthly basis.
Any additional accounting services requested will be billed separately. This may include,
but is not limited to, any compliance services including handling license, cost reporting
for state agencies, audit representation or filing renewals.
All invoices are due and payable upon presentation. Billings become delinquent if not
paid within 15 days of the invoice date. If billings are past due in excess of 45 days, we
will stop all work until your account is brought current, or you withdraw from the
engagement.
The client acknowledges and agrees that we are not required to continue work in the
event of failure to pay on a timely basis for services rendered as required by this
256
engagement letter. The client further acknowledges and agrees that in the even we stop
work or withdraw from this engagement as a result of the client’s failure to pay on a
timely basis for services rendered as required by this engagement letter, we, PISO
FINANCIAL ACCOUNTING FIRM, shall not be liable for any damages that occur as
a result of ceasing to render services.
If a dispute arises among the parties hereto, the parties agree first to try in good faith to
settle the dispute by mediation administered appropriate body.
If the foregoing is in accordance with your understanding, please sign the Engagement
Letter in the space provided and return it to the undersigned.
APPROVED:
PRIMO CRUZ
Managing Partner
257
APPENDIX R
Articles of Partnership
258
ARTICLES OF PARTNERSHIP
OF
PCAAP PARTNERSHIP
That we, the undersigned partners, all of legal age, residents and citizens
of the
Philippines, have on this day voluntarily associated ourselves together for the purpose of
forming a general partnership under the following terms and conditions and subject to
existing and applicable laws of the Republic of the Philippines:
ARTICLE II. Business Purpose: That the purpose/s for which this partnership
is formed is to acquire, hold for investment, mortgage, manage, operate, lease,
refinance, build, develop, restore, provide through easements and otherwise for
continuing preservation, and sell properties, to engage in any and all activities, incidental
or related to the above, including but not limited to the opening, maintaining and closing
bank accounts and financial institutions selected by the partners in the partnership
name, the borrowing of money in the partnership name and the pledging of partnership
assets for the transactions, and in all respects to act as an owner and operator of real
and personal property, upon and subject to the terms and conditions of this agreement.
259
ARTICLE III. Principal Place of Business: That the principal place of business
of this partnership shall be located at San Gregorio St., Buna Cerca, Indang, Cavite.
ARTICLE IV. Term of Existence: That this partnership shall have a term of 20
years from and after the original recording of its Articles of Partnership by the Securities
and Exchange Commission.
Primo Cruz Filipino 201 Magtanggol St., Buna Lejos I, Indang, Cavite
Cassie Bartolome Filipino 198 A Luna St., Poblacion Dos, Indang, Cavite
Aleine Baltazar Filipino 099 San Gregorio St, Buna Cerca, Indang, Cavite
Alexine Diaz Filipino 010 Narra St., Kayquit III, Indang, Cavite
Princess Ortega Filipino 218 Rizal St., Buna Cerca, Indang, Cavite
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall
be the amount of THREE MILLION PESOS (P3,000,000.00), Philippine Currency,
contributed in cash by the partners, as follows:
That no transfer of interest which will reduce the ownership of Filipino citizens to
less than the required percentage of capital as provided by existing laws shall be
allowed or permitted to be recorded in the proper books of the partnership.
ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership
shall be divided and distributed proportionately equally. However, the managing partner
is exempted from incurring losses.
ARTICLE IX. Management: That this partnership shall be under Primo Cruz,
as Managing Manager, who shall be in charge of the management of the affairs of the
company. He shall have the power to use the partnership name and in otherwise
performing such acts as are necessary and expedient in the management of the firm and
to carry out its lawful purposes.
Princess Ortega
TIN: 754-011-898-000
262
ACKNOWLEDGEMENT
____________________________) S.S.
BEFORE ME, a Notary Public, for and in Indang Cavite, this 13th day of
December, 2019, personally appeared the following persons:
known to me and to me known to be the same persons who executed the foregoing
Articles of Partnership constituting of three pages, including this page where the
acknowledgement is written, and they acknowledged to me that the same is their free
and voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and place above written.
NOTARY PUBLIC
series of 20 ______.
263
APPENDIX S
Curriculum Vitae
264
LOPEZ, IVY N.
327 Magtanggol St., Buna Lejos I, Indang, Cavite
09284008521
ivyang.lopez@gmail.com
EDUCATIONAL BACKGROUND
ORGANIZATIONAL AFFILIATIONS
Academic Scholar
Cavite State University – Main Campus
AY 2015-Present
SKILLS
CHARACTER REFERENCES
267
EDUCATIONAL BACKGROUND
ORGANIZATIONAL AFFILIATIONS
▪ Academic Scholar
Accountancy Department, College of Economics, Management and Development
Studies
2015-present
SKILLS
CHARACTER REFERENCES
▪ Ludivinia F. Victorino, CPA, MBA
Former Department Chair, Accountancy Department
College of Economics, Management and Development Studies
Cavite State University Main Campus
+639177210807
▪ Elmer V. Torres
Barangay Captain
Brgy. Buna Lejos II, Indang, Cavite
Municipality of Indang
+639185820563
GRACE ANN M. PIEDAD
284 A Luna St. Poblacion 2, Indang Cavite
09090784878
gracyann.piedad@gmail.com
EDUCATION
Indang, Cavite
Bachelor of Science in Accountancy
Secondary Cavite State University Science High School – Main Campus (2011 -2015)
Indang, Cavite
Indang, Cavite
SEMINARS ATTENDED
ORGANIZATIONAL AFFILIATIONS
● Cavite State University - Junior Philippine Institute of Accountants
Vice President for External Affairs
2019-present
REFERENCES
Ludivinia F. Victorino, CPA, MBA
Former Department Chair, Accountancy Department
College of Economics, Management and Development Studies
Cavite State University
0998 885 8247
Voltaire Perez
Couple Coordinator, CFC-Youth for Christ
Province of Cavite
0905 301 0568
COLEEN JAN ALEXA C. RODRIN
201 Magtanggol St., Buna Lejos I, Indang, Cavite
09998174385
coleenrodrin@gmail.com
EDUCATIONAL BACKGROUND
▪ Tertiary Education:
Cavite State University – Main Campus
Indang, Cavite
BS Accountancy
▪ Secondary Education:
Cavite State University – Science High School
Indang, Cavite
2015
ORGANIZATIONAL AFFILIATIONS
Board of Auditor
Member
2019-present
▪ Academic Scholar
College of Economics, Management and Development Studies
Cavite State University - Main Campus
2015-2018
JPIA- CvSU 8th Accountancy Fair: Life Behind the Title: Chasing
the Paradigm of an Accountant
Cavite State University – Main Campus
Indang, Cavite
April 2017
SKILLS
▪ Excellent Analytical Skills and Keen to Details
▪ Good leadership skills
▪ Good communication skills
▪ Excellent knowledge on accounting, finance, taxation, business law, and
economics
▪ Familiarity on numeracy, decision making, reporting, and compliance with
regulatory requirements
▪ Strong analytical and problem solving skills
▪ Can work under pressure
CHARACTER REFERENCES
Sharon M. Isip
Dean, Office of Student Affairs and Services
Cavite State University – Main Campus
09055188824
Ernick R. Romen
Secretary, Pederasyon ng Sangguniang Kabataan ng Indang
Municipality of Indang
09993232380
EDUCATIONAL BACKGROUND
▪ Tertiary Education:
▪ Secondary Education:
ORGANIZATIONAL AFFILIATIONS
SKILLS
TECHNICAL SKILLS
Excellent knowledge on accounting, finance, taxation, business law, and
economics
Familiarity on numeracy, decision making, reporting, and compliance with
regulatory requirements
Strong analytical and problem solving skills
Computer skills (Microsoft Office Word, Excel, Powerpoint, Internet, etc.)
PERSONAL SKILLS
Good written and verbal communication skills
Ability to work in groups and to be a team player
Highly trustworthy and ethical
Efficiently able to multitask while adequately prioritizing tasks
Motivated, determined, and consistent
Ability to anticipate and adapt to change
CHARACTER REFERENCES
EDUCATIONAL BACKGROUND
ORGANIZATIONAL AFFILIATIONS
▪ CHED Scholar
Cavite State University – Main Campus
Indang, Cavite
2017-present
▪ Academic Scholar
Cavite State University – Main Campus
Indang, Cavite
2015-2018
▪ Ms. Popular
Provincial Sportsfest
Cavite Junior Philippine Institute of Accountants
February 2016
SEMINARS AND TRAININGS
▪ Pre-Employment Seminar
CvSU International Convention Center
Indang, Cavite
October 16, 2019
SKILLS
Leadership Skill
Highly-organized
CHARACTER REFERENCES