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444,288.27 0.61
402,494.40
7,000.00
1,500.00
44,519.52
1,920.00
79,787.40
15,000.00
149,726.92
996,509.59
1,000.00
2,000.00
274,718.40
8,400.00
700.00
-
286,818.40
2018 2019 2020
Net Income 517,566.00 962,015.13 1,619,990.41
Divide: Sales 1,584,000.00 2,394,600.00 3,597,600.00
Net Profit Ratio 32.67% 40.17% 45.03%
Production
Particular Year Product’s Price
Capacity
2015 52,800.00 30.00
Pack of Banana Chip 2016 79,820.00 30.00
2017 119,920.00 30.00
Year Projected Demand Projected Supply
2018 76,780.00 11,000.00
2019 112,590.00 13,145.00
2020 165,100.00 15,702.30
Total Sales
1,584,000.00
2,394,600.00
3,597,600.00
Unsatisfied Demand Production Capacity Market Share
65,780.00 52,800.00 80.27%
99,445.00 79,822.07 80.27%
149,397.70 119,917.89 80.27%
2018 2019 2020
Sales 1,584,000.00 2,394,600.00 3,597,600.00
Total Sales 1,584,000.00 2,394,600.00 3,597,600.00
Less: Cost of Goods Sold
Direct Materials 161,670.00 268,850.72 444,288.27
Direct Labor 332,640.00 365,904.00 402,494.40
Manufacturing Overhead 107,560.00 124,893.95 149,726.92
Total Manufacturing Costs 601,870.00 759,648.67 996,509.59
Total Cost of Goods Sold 601,870.00 759,648.67 996,509.59
Total Gross Profit 982,130.00 1,634,951.33 2,601,090.41
Less: Operating Expenses
Promotional Expenses 5,000.00 1,000.00 1,000.00
Depreciation Expenses 2,000.00 2,000.00 2,000.00
Salaries and Wages 227,040.00 249,744.00 274,718.40
Honorarium 6,000.00 7,200.00 8,400.00
Licenses 700.00 700.00 700.00
Organizational Cost 2,010.00
Total Operating Expenses 242,750.00 260,644.00 286,818.40
Total Operating Income 739,380.00 1,374,307.33 2,314,272.01
Income tax 221,814.00 412,292.20 694,281.60
Net Income 517,566.00 962,015.13 1,619,990.41
2018
Catalan Catapusan
Salary Allowances 30,000.00 30,000.00
Balances to be Divided Equally
[(517,566.00 – 90,000.00) = 427,566.00]
Catalan (427,566.00 / 3) 142,522.00
Catapusan (427,566.00 / 3) 142,522.00
Partosa (427,566.00 / 3) __ __
Share of Partners in Profits 172,522.00 172,522.00
Less: Temporary Withdrawals
Catalan (172,522.00 x 60%) 103,513.20
Catapusan (172,522.00 x 60%) 103,513.20
Partosa (172,522.00 x 60%)
Net Share of Partners in Profits 69,008.80 69,008.80
2019
Catalan Catapusan
Salary Allowances 30,000.00 30,000.00
Balances to be Divided Equally
[980,838.17 - 90,000.00) = 890,838.17]
Catalan (890,838.17 / 3) 290,671.71
Catapusan (890,838.17 / 3) 290,671.71
Partosa (890,838.17 / 3) _
Share of Partners in Profits 320,671.71 320,671.71
Less: Temporary Withdrawals
Catalan (326,946.06 x 60%) 256,537.37
Catapusan(326,946.06 x 60%) 256,537.37
Partosa (326,946.06 x 60%) __ _
Net Share of Partners in Profits 64,134.34 64,134.34
2020
Catalan Catapusan
Salary Allowance 30,000.00 30,000.00
Balances to be Divided Equally
[(1,679,374.49 – 90,000.00) = 1,589,374.49]
Catalan (1,589,374.49 / 3) 509,996.80
Catapusan (1,589,374.49 / 3) 509,996.80
Partosa (1,589,374.49 / 3) _ _
Share of Partners in Profits 539,996.80 539,996.80
Less: Temporary Withdrawals
Catalan (559,791.50 x 70%) 485,997.12
Catapusan (559,791.50 x 70%) 485,997.12
Partosa (559,791.50 x 70%)
Net Share of Partners in Profits 53,999.68 53,999.68
2018
Partosa Cash Flow from Operating Activities
30,000.00 Net Income 517,566.00
Depreciation 2,000.00
Net Cash Provided by Operating 519,566.00
Cash Flow from Investing Activities
Leasehold Improvements 10,000.00
142,522.00 Purchase of Equipment 39,500.00
172,522.00 Net Cash Used by Investing -49,500.00
Cash Flow from Financing Activities
Cash contribution by Partners 120,000.00
Cash Withdrawal by Partners -310,539.60
103,513.20 Net Cash Provided by Financing -190,539.60
69,008.80 Increase (Decrease) of Cash 279,526.40
Cash Balance, Beginning
Cash Balance, Ending 279,526.40
Partosa
30,000.00
290,671.71
320,671.71
256,537.37
64,134.34
Partosa
30,000.00
509,996.80
539,996.80
485,997.12
53,999.68
2019 2020
ASSETS
962,015.13 1,619,990.41 Current Asset
2,000.00 2,000.00 Cash
964,015.13 1,621,990.41 Noncurrent Assets
Property, Plant & Equipment
Less: Accumulated Depreciation
Net Book Value
0.00 0.00 Total Assets
PARTNERS’ EQUITY
Catalan, Capital
-769,612.10 -1,457,991.37 Catapusan, Capital
-769,612.10 -1,457,991.37 Partosa, Capital
194,403.03 163,999.04 Total Partners’ Equity
279,526.40 473,929.42
473,929.42 637,928.46
2018 2019 2020
Investment Balances
279,526.40 473,929.42 637,928.46 Add: Net Share in Profit
Total
49,500.00 49,500.00 49,500.00
2,000.00 4,000.00 6,000.00
47,500.00 45,500.00 43,500.00 Investment Balances
327,026.40 519,429.42 681,428.46 Add: Net Share in Profit
Total
109,008.80 173,143.14 227,142.82
109,008.80 173,143.14 227,142.82
109,008.80 173,143.14 227,142.82
327,026.40 519,429.42 681,428.46 Investment Balances
Add: Net Share in Profit
Total
2018
Catalan Catapusan Partosa
40,000.00 40,000.00 40,000.00
69,008.80 69,008.80 69,008.80
109,008.80 109,008.80 109,008.80
2019
109,008.80 109,008.80 109,008.80
64,134.34 64,134.34 64,134.34
173,143.14 173,143.14 173,143.14
2020
Catalan Catapusan Partosa
173,143.14 173,143.14 173,143.14
53,999.68 53,999.68 53,999.68
227,142.82 227,142.82 227,142.82
Particulars Total Cost Useful Life Depreciation
Land Improvement 10,000.00 5 2,000.00
Subtotal 2,000.00
Amount of Rent
Land and Building 15,000.00
Total 15,000.00
Year Licenses
2018 700.00
2019 700.00
2020 700.00
Organizational
Particular
Cost
Additional Charges 1,000.00
Articles of Partnership 1,000.00
Legal Research Fee 10.00
Subtotal 2,010.00
Useful Life Depreciation
5 7,000.00
3 1,500.00
8,500.00