Fur Wonders

CASH COLLECTION
March 1-31, 20__

Table 29. DAY CARE

WEEK

1 2 3 4 TOTAL

Week 1 Sales 6,300 2,700 P 9,000.00

Week 2 Sales 10,500 4,500 15,000.00
Week 3 Sales 12,600 5,400 18,000.00
Week 4 Sales 16,800 16,800.00
Total Collection 6,300 13,200 17,100 22,200 P 58,800.00
 Fur Wonders
CASH COLLECTION
March 1-31, 20__

Table 30. MERCHANDISING STORE

WEEK

1 2 3 4 TOTAL

Week 1 Sales 9,627.80 4,126.20 P 13,754.00

Week 2 Sales 7,741.30 3,317.70 11,059.00
Week 3 Sales 7,793.80 3,340.20 11,134.00
Week 4 Sales 10,694.60 10,694.60
Total Collection 9,627.80 11,867.5 11,111.5 14,034.80 P 46,641.60
 Fur Wonders
CASH COLLECTION
April 1-31, 20__

Table 31. PET GROOMING

WEEK
1 2 3 4 TOTAL
Beginning A/R 3,750 P 3,750.00
Week 1 Sales 8,750 3,750 12,500.00
Week 2 Sales 9,800 4,200 14,000.00
Week 3 Sales 9,100 3,900 13,000.00
Week 4 Sales 9,450 9,450.00
Total Collection 12,500 13,550 13,300 13,350 P 52,700.00
 Fur Wonders
CASH COLLECTION
April 1-31, 20__
Table 32. DAY CARE
WEEK
1 2 3 4 TOTAL
Beginning A/R 7,200 P 7,200.00
Week 1 Sales 10,500 4,500 15,000.00
Week 2 Sales 12,600 5,400 18,000.00
Week 3 Sales 12,600 5,400 18,000.00
Week 4 Sales 16,800 16,800.00
Total Collection 17,700 17,100 18,000 22,200 P75,000.00
 Fur Wonders
CASH COLLECTION
April 1-31, 20__
Table 33. MERCHANDISING STORE
WEEK
1 2 3 4 TOTAL
Beginning A/R 4,583.40 P4,583.40
Week 1 Sales 11,605 4,974 16,579.00
Week 2 Sales 7,899 3,385 11,284.00
Week 3 Sales 10,576 4,533 15,109.00
Week 4 Sales 9,032.10 9,032.10
Total Collection 16,189 12,873 13,962 13,565 P 56,587.50
 Fur Wonders
CASH COLLECTION
May 1-31, 20__
Table 34. PET GROOMING
WEEK
1 2 3 4 TOTAL
Beginning A/R 4,050 Php4,050.00
Week 1 Sales 11,900 5,100 Php17,000.00
Week 2 Sales 11,550 4,950 Php16,500.00
Week 3 Sales 10,850 4,650 Php15,500.00
Week 4 Sales 11,200 Php11,200.00
Total Collection 15,950 16,650 15,800 15,850 Php64,250.00
 Fur Wonders
CASH COLLECTION
May 1-31, 20__
Table 35. DAY CARE
WEEK
1 2 3 4 TOTAL
Beginning A/R 7,200 Php7,200.00
Week 1 Sales 14,700 6,300 Php21,000.00
Week 2 Sales 13,860 5,940 Php19,800.00
Week 3 Sales 15,540 6,660 Php22,200.00
Week 4 Sales 14,700 Php14,700.00
Total Collection 21,900 20,160 21,480 21,360 Php84,900.00
 Fur Wonders
CASH COLLECTION
May 1-31, 20__
Table 36. MERCHANDISING STORE
WEEK
1 2 3 4 TOTAL
Beginning A/R 3,870.90 Php3,870.90
Week 1 Sales 12,293 5,268 Php17,561.00
Week 2 Sales 9,526 4,083 Php13,609.00
Week 3 Sales 12,718 5,451 Php18,169.00
Week 4 Sales 8,643.60 Php8,643.60
Total Collection 16,164 14,795 16,801 14,094 Php61,853.50
Statement of Comprehensive
Income
 Fur Wonders
Table 37. STATEMENT OF COMPREHENSIVE INCOME
MARCH APRIL MAY
Revenues: Other Expenses:
Sales P 177,225 P 183,875 P210,687 Business Permit 10,000 - -
Cost of Goods Sold 42,745 46,955 52,182 Logo Registration 500 - -
Gross Profit 134,480 136,920 158,505 Seminar Fee 4,500 - -
Less: Operating Total Expense 15,000 - -
Expenses:
NET INCOME P 32,920 P 49,360 P 68,445
Selling Expense:
Advertising 1,800 2,800 3,300
Depreciation 200 200 200
Rent 8,100 8,100 8,100
Salaries 63,000 63,000 63,000
Supplies 8,360 8,360 10,360
Utilities 4,000 4,000 4,000
Administrative Expense:
Rent 900 900 900
Supplies 200 200 200
Total Operating Expense 86,560 87,560 90,060
Cost of Good Sold
 Fur Wonders
Table 38. COST OF GOOD SOLD: MERCHANDIZE
For the ended month, March 31, 20__
ITEMS QUANTITY SOLD COST PER UNIT TOTAL

Clothes:
Small (PCS) 15 Php300 Php4,500
Medium (PCS) 6 Php500 Php3,000
Large (PCS) 4 Php700 Php2,800
Cage 4 Php1,200 Php4,800
Dog Food:
Holistic (kg) 25 Php150 Php3,750
Vitality (kg) 25 Php120 Php3,000
Beef Pro (kg) 25 Php155 Php3,875
Cat Food 25 Php104 Php2,600
Anti-Thick Spray 4 Php350 Php1,400
Specialized Shampoo 16 Php345 Php5,520
3-in-1 Shampoo 25 Php300 Php7,500

TOTAL COST OF GOOD SOLD Php42,745

 Fur Wonders
Table 39. COST OF GOOD SOLD: MERCHANDIZE
For the ended month, April 31, 20__
ITEMS QUANTITY SOLD COST PER UNIT TOTAL

Clothes:
Small (PCS) 15 Php300 Php4,500
Medium (PCS) 6 Php500 Php3,000
Large (PCS) 4 Php700 Php2,800
Cage 4 Php1,200 Php4,800
Dog Food:
Holistic (kg) 25 Php150 Php3,750
Vitality (kg) 25 Php120 Php3,000
Beef Pro (kg) 25 Php155 Php3,875
Cat Food 25 Php104 Php2,600
Anti-Thick Spray 4 Php350 Php1,400
Specialized Shampoo 16 Php345 Php5,520
3-in-1 Shampoo 25 Php300 Php7,500

TOTAL COST OF GOOD SOLD Php42,745

 Fur Wonders
Table 40. COST OF GOOD SOLD: MERCHANDIZE
For the ended month, May 31, 20__
ITEMS QUANTITY SOLD COST PER UNIT TOTAL

Clothes:
Small (PCS) 9 Php300 Php2,700
Medium (PCS) 7 Php500 Php3,500
Large (PCS) 5 Php700 Php3,500
Cage 6 Php1,200 Php7,200
Dog Food:
Holistic (kg) 48 Php150 Php7,200
Vitality (kg) 46 Php120 Php5,520
Beef Pro (kg) 27 Php155 Php4,185
Cat Food 28 Php104 Php2,912
Anti-Thick Spray 6 Php350 Php2,100
Specialized Shampoo 17 Php345 Php5,865
3-in-1 Shampoo 25 Php300 Php7,500

TOTAL COST OF GOOD SOLD Php52,182

Statement of Cash Flows
 Fur Wonders
Table 41. STATEMENT OF CASH FLOW
For the ended month, March 31, 20__
Cash flows from Cash flows from
operating activities: investing activities:
Collections from
(schedule 1) Purchase of Equipment ( 123,570)
customers 161,691.60
Payment for rent (9,000) Acquisition of Furniture
(100,000)
Payment for utilities and Fixture
(4,000)
Payment for salaries Net cash outflows from
(63,000) ( 223,570.00)
investing activities
Payment for supplies (schedule 2) (35,400)
Payment for purchases (schedule 3) (78,750)
Cash flows from
Payment for advertising (1,800) financing activities:
Payment for other Investment from Owner 400,000
expense:
Net cash outflows from
Business Permit (10,000) 400,000.00
financing activities
Logo Registration (500)
Cash, March 31, 2018 131,171.60
Seminar Fee (4,500)
Net cash outflows from
( 45,258.40)
operating activities
 Fur Wonders
Table 42. STATEMENT OF CASH FLOW
For the ended month, April 31, 20__

Cash flows from operating

activities:
Collections from customers
184,287.50
Payment for rent (9,000)
Payment for utilities (4,000)
Payment for salaries (63,000)
Payment for purchases (101,813)
Payment for advertising
(2,800)

Net cash outflows from

3,675.00
operating activities

Increase in Cash 3,675.00

Cash, March 31, 2018 131,171.60

Cash, April 31, 2018 134,846.60

 Fur Wonders
Table 43. STATEMENT OF CASH FLOW
For the ended month, May 31, 20__
Cash flows from
operating activities:
Collections from Php211,003.
customers 50
Payment for rent (9,000)
Payment for utilities (4,000)
Payment for salaries (63,000)
Payment for
(61,395)
purchases
Payment for
(3,300)
advertising
Net cash outflows
from operating Php70,308.50
activities
Increase in Cash Php70,308.50

Cash, March 31, 2018 Php134,846.60

Cash, April 31, 2018 Php205,155.10

Cash Disbursement of Purchases
in Merchandising Store
 Table 44. CASH DISBURSEMENT
March 1-31, 20__
WEEK

1 2 3 4 TOTAL

Week 1 Sales 11,250.00 11,250.00 Php22,500.00

Week 2 Sales 11,250.00 11,250.00 Php22,500.00

Week 3 Sales 11,250.00 11,250.00 Php22,500.00

Week 4 Sales 11,250.00 Php11,250.00

Total Collection 11,250.00 22,500.00 22,500.00 22,500.00 Php78,750.00

 Table 45. CASH DISBURSEMENT
April 1-31, 20__
WEEK

1 2 3 4 TOTAL

Beginning A/P 11,250 Php11,250.00

Week 1 Sales 12,937.50 12,937.50 Php25,875.00

Week 2 Sales 12,937.50 12,937.50 Php25,875.00

Week 3 Sales 12,937.50 12,937.50 Php25,875.00

Total Collection 24,187.50 25,875.00 25,875.00 25,875.00 Php101,812.50

 Table 46. CASH DISBURSEMENT: PURCHASES
May 1-31, 20__
WEEK
1 2 3 4 TOTAL

Beginning A/P 12,937.50 Php12,937.50

Week 1 Sales 6,922.50 6,922.50 Php13,845.00

Week 2 Sales 6,922.50 6,922.50 Php13,845.00

Week 3 Sales 6,922.50 6,922.50 Php13,845.00

Week 4 Sales 6,922.50 Php6,922.50

Total Collection 19,860.00 13,845.00 13,845.00 13,845.00 Php61,395.00
 Statement of Financial
Position (Balance Sheet)
 Fur Wonders
Table 47. STATEMENT OF FINANCIAL POSITION
MARCH APRIL MAY

Assets:
Cash P 131,171.60 P 134,846.60 P 205,155.10

Equipment 123,570 123,370 123,170

Less: Depreciation 200 200 200

Furniture & Fixture 100,000 100,000 100,000

Notes Receivable 15,533.40 15,120.90 14,804.40

Inventory 47,255 103,800 106,998

Prepaid Supplies 26,840 18,280 7,720

Total Assets P 444,170 P 495,217.50 P 557,647.50

Liabilities:
Accounts Payable P 11,250 P 12,937.50 P 6,922.50

Total Liabilities P 11,250 P 12,937.50 P 6,922.50

Equity:
Owner's, Capital P 432,920 P482,280.00 P 550,725.00

Total Liabilities and Owner's Equity P 444,170 P 495,217.50 P 557,647.50

Ending Inventory of
Merchandise Items
 Table 48. ENDING INVENTORY OF MERCHANDISE
March 31, 20__
ITEMS QUANTITY COST PER UNIT SELLING PRICE TOTAL
Clothes:
Small (PCS) 10 Php300 Php400 Php3,000
Medium (PCS) 7 Php500 Php600 Php3,500
Large (PCS) 8 Php700.00 Php800 Php5,600
Cage 6 Php1,200.00 Php1,400 Php7,200
Dog Food:
Holistic (kg) 25 Php150 Php175 Php3,750
Vitality (kg) 25 Php120 Php130 Php3,000
Beef Pro (kg) 25 Php155 Php180 Php3,875
Cat Food 25 Php104 Php124 Php2,600
Anti-Thick Spray 6 Php350 Php400 Php2,100
Specialized Shampoo 14 Php345 Php375 Php4,830
3-in-1 Shampoo 25 Php300 Php400 Php7,500
Inventory of Merchandise Php46,955
Add: Freight-In Php300

Ending Inventory of Merchandise Php47,255

 Table 49. ENDING INVENTORY OF MERCHANDISE
April 31, 20__
ITEMS QUANTITY COST PER UNIT SELLING PRICE TOTAL

Clothes:
Small (PCS) 25 Php300 Php400 Php7,500
Medium (PCS) 13 Php500 Php600 Php6,500
Large (PCS) 12 Php700.00 Php800 Php8,400
Cage 10 Php1,200.00 Php1,400 Php12,000
Dog Food:
Holistic (kg) 100 Php150 Php175 Php15,000
Vitality (kg) 100 Php120 Php130 Php12,000
Beef Pro (kg) 50 Php155 Php180 Php7,750
Cat Food 50 Php104 Php124 Php5,200
Anti-Thick Spray 10 Php350 Php400 Php3,500

Specialized Shampoo 30 Php345 Php375 Php10,350

3-in-1 Shampoo 50 Php300 Php400 Php15,000

Inventory of Merchandise Php103,500.00

Add: Freight-In Php300.00

Ending Inventory of Merchandise Php103,800

 Table 50. ENDING INVENTORY OF MERCHANDISE
May 31, 20__
ITEMS QUANTITY COST PER UNIT SELLING PRICE TOTAL

Clothes:
Small (PCS) 21 Php300 Php400 Php6,300
Medium (PCS) 11 Php500 Php600 Php5,500
Large (PCS) 12 Php700.00 Php800 Php8,400
Cage 4 Php1,200.00 Php1,400 Php4,800
Dog Food:
Holistic (kg) 72 Php150 Php175 Php10,800
Vitality (kg) 74 Php120 Php130 Php8,880
Beef Pro (kg) 43 Php155 Php180 Php6,665
Cat Food 42 Php104 Php124 Php4,368
Anti-Thick Spray 9 Php350 Php400 Php3,150
Specialized Shampoo 63 Php345 Php375 Php21,735
3-in-1 Shampoo 85 Php300 Php400 Php25,500

Inventory of Merchandise Php106,698.00

Add: Freight-In Php300.00

Ending Inventory of Merchandise Php106,998

Break Analysis
This will determine what Fur Wonders will need to sell monthly to cover costs of
doing business. This will exhibit our break-even point.

Fixed Costs
The total fixed cost of the business is Php 2,950.00 including the salaries of the employees’
amounting to Php 2,500.00, and other fixed cost of Php 450.00 for rent.

Selling Price per Unit

The business estimates that an average customer will need 1.6 hours for grooming and 6
hours for 1 dog in day care of time spent on it each day, and that the revenue earned from
each customer will be on average 1,100 pesos.
Break Analysis
Variable Cost per Unit
It is estimated that for the average customer, the variable costs for items such as utilities
and supplies will amount to 625 pesos each day.
Based on this information the consultancy service business break even position is
calculated as follows:

Unit = Customer
FC = Total Fixed costs = 2,950 SP = Selling price per client = 1,100
VC = Variable cost per client = 625 Service business breakeven clients = FC / (SP - VC)

(The business needs 6 customers each day to break even)

Break Analysis
Analysis
We would need to sell 6 units in order to cover our fixed costs. If we sell our
anticipated 6 units then our profit or loss would be P -100.

Figure 13. Unit Sales Breakeven Analysis Table 51. Breakeven Analysis Tabular
Measures
Break Analysis
Return on Investment (ROI)
This will measure the gain or loss generated by Fur Wonders on an investment
relative to the amount of money invested. The return on investment formula:

MARCH APRIL MAY

Return on 432,920-400,000 482,280-400,000 528,725-400,000

Investment: 400,00 400,00 400,00

Result: = 8.23% = 20.57% = 32.18%

Table 52. Return on Investment of Fur Wonders

Financial Analysis
This part is composed of converting absolute amounts into ratios, turnovers and
percentages. The previous financial data will be evaluated primarily to assess the
operating performance of Fur Wonders.

Profitability
This will determine the degree to which Fur Wonders yields profit or financial gain.
Table 53. Profitability Ratios of Fur Wonders
MARCH APRIL MAY

Gross Profit 134,480/177,225= 136,920/183,875= 158,505/210,687=

Ratio: 75.88% 74.46% 75.23%

32,920/177,225= 49,360/183,875=
Operating Ratio: 68,445/210,687=
27.04% 26.84%
32.49%
All ratios show that the month of March and May is more efficient in its
control and management of costs and expenses than in the month of April,
making it a more profitable month.
Financial Analysis
Table 54. Return on Assets of Fur Wonders Table 55. Return on Equity of Fur Wonders

MARCH APRIL MAY MARCH APRIL MAY

Return on 49,360/469,6 68,445/526,43 Rate of 68,445/516,50

32,920/444,17 32,920/432,92 49,360/457,60
Average 93.75= 2.50= Return on 2.50=
0= 7.41% 0= 7.60% 0= 10.79%
Assets: 10.51% 13.001% Equity: 13.25%

495,217.5+44 557,647.5+49 482,280+432, 528,725+482,2

Average Total Average
444,170 4,170/2= 5,217.5/2= 432,920 920/2= 80/2=
Assets Capital
469,693.75 526,432.50 457,600 516,502.50

This shows the rate of return the
business earned for a peso of asset. A high rate
means the asset are being used profitably by
the business. In March and April, the rate of
return in assets or net income earned by using
the assets was 7.41% and 9.01% only while in
May it was higher at 13.001%.
This means that the firm in May
earned 13.25% on owner’s investment
compared to 7.60% and 10.79% in March
and April. The business was earning a better
profit for the owner in the month of May.
Financial Analysis
LIQUIDITY
This will indicate the degree of Fur Wonders on how to convert its assets into
cash.
Table 56. Receivable Turnover of Fur Wonders
Based on the turnover rate and
MARCH APRIL MAY
days collection period, the business is
183,875/ 210,687/ more efficient in collecting their
Receivable 177,225/15,533.4
15,327.15= 12 14,962.65=
Turnover: 0= 11.41 times receivables in May because the turnover is
times 14.08 times
higher at 14.08 or 14 times and the
30 days/ 11.41 30 days/ 12 30 days/ 14.08
Collection
times = 2.63 times = 2.50 times = 2.13
collection period is lower at 2.13 or 2 days.
Period:
days days days It is best that this be compared against
credit term of the firm. It is also significant
15,533.4+15,12 15,120.9+14,80
Average
15,533.40 0.9/2= 4.4/2=
to note that the company is having a
Receivable:
15,327.15 14,962.65 problem in managing an increasing volume
of accounts receivable.
Financial Analysis
Table 57. Receivable Turnover of Fur Wonders

MARCH APRIL MAY

177,225/444,170= 183,875/469,693.7 210,687/526,432.50

Asset Turnover:
0.40 times 5= 0.39 times = 0.40 times

444,170+495,217.5 495,217.5+557,647/
Average Asset: 444,170
/2= 469,693.75 2= 526,432.50

Based on the turnover rates, the business was more efficient in March and May
than April when assets were used 0.40 times. Word of caution, user must consider
nature of the product and the industry’s average turnover rate.