Pre Operating Activities

Samuel Contribution to start up the business 250,000

Purchase of Investments
Equipment 90,000
Furniture & Fixtures 50,000
Inventories 50,000
Supplies 15,000

Pre-Operating Expenses 7,000

 2018

Sales 1,543,950.00
Cost of Goods Sold 685,000.00
Gross Profit 858,950.00
Less: Other Operating Expenses
Rent Expense 60,000.00
Utilities 60,000.00
Supplies Expense 8,000.00
Advertising Expense 12,000.00
Phone and Internet 18,000.00
Salaries Expense 562,000.00
Pre-Operating Expenses 7,000.00
Depreciation Expense 14,000.00 741,000.00
Net Income Before Tax 117,950.00
Tax Payable 46,318.50
Net Income After Tax 71,631.50

Salaries
Chef 150,000.00
Cashier 120,000.00
Waiter/Waitress 192,000.00
Dishwasher 100,000.00
Total 562,000.00
 2019 2020

1,852,740.00
895,000.00
957,740.00

60,000.00 65,000.00
80,000.00 100,000.00
10,000.00 15,000.00
15,000.00 10,000.00
20,000.00 30,000.00
600,000.00 625,000.00
- -
14,000.00 799,000.00 14,000.00
158,740.00
55,582.20
103,157.80

Chef 160,000.00 Chef

Cashier 130,000.00 Cashier
Dishwasher 110,000.00 Dishwasher
Waiter/Waitress 200,000.00 Waiter/Waitress
Total 600,000.00 Total
2,556,825.00
1,340,000.00
1,216,825.00

859,000.00
357,825.00
76,704.75
281,120.25

165,000.00
135,000.00
115,000.00
210,000.00
625,000.00
 Balance Sheet

2018 2019
ASSETS
Cash 158,950.00 198,371.50
Equipment 90,000.00 90,000.00
Accumulated Dep'n - Equipment (9,000.00) (18,000.00)
Furniture and Fixtures 50,000.00 50,000.00
Accumulated Dep'n - Furniture and Fixtures (5,000.00) (10,000.00)
Inventories 65,000.00 70,000.00
Supplies 8,000.00 10,000.00
TOTAL ASSETS 357,950.00 390,371.50

LIABILITIES
Taxes Payable 46,318.50 55,582.20

Equity
Samuel, 311,631.50 334,789.30

TOTAL LIABILITIES AND EQUITY 357,950.00 390,371.50

Statement of Changes in Owner's Equity

Beginning 250,000.00 311,631.50

Share in Net Income 71,631.50 103,157.80
Withdarwals (10,000.00) (80,000.00)
End, Balance 311,631.50 334,789.30
2020

299,614.30
90,000.00
(27,000.00)
50,000.00
(15,000.00)
80,000.00
15,000.00
492,614.30

76,704.75

415,909.55

492,614.30

334,789.30
281,120.25
(200,000.00)
415,909.55
 2018 2019
CASH FLOW FROM OPERATING ACTIVITIES
Net Income 71,631.50 103,157.80
Depreciation on Fixed Asset 14,000.00 14,000.00
Increase in Supplies (8,000.00) (2,000.00)
Increase in Tax Payable 46,318.50 9,263.70
Increase in Inventories (65,000.00) (5,000.00)
NET CASH USED IN OPERATING ACTIVITIES 58,950.00 119,421.50

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Property, Plant and Equipment (140,000.00)
NET CASH USED IN INVESTING (140,000.00) -

CASH FLOW FROM FINANCING ACTIVITIES

Withdrawal (10,000.00) (80,000.00)
Investment 250,000.00
NET CASH PROVIDED BY FINANCING ACTIVITIES 240,000.00 (80,000.00)
NET INCREASE IN CASH 158,950.00 39,421.50
CASH AT THE BEGINNING OF THE YEAR - 158,950.00
CASH AT THE END OF THE YEAR 158,950.00 198,371.50
281,120.25
14,000.00
(5,000.00)
21,122.55
(10,000.00)
301,242.80

(200,000.00)

(200,000.00)
101,242.80
198,371.50
299,614.30
 2018
Quantity Selling Price Sales Cost of Sales
Hotsilog 3650 49 178,850.00 79,349.88
Longsi 3650 49 178,850.00 79,349.88
Toci 3650 49 178,850.00 79,349.88
Sisig 3650 59 215,350.00 95,543.74
Kare-Kare 3650 99 361,350.00 160,319.15
Pancake 3650 29 105,850.00 46,962.17
Adobo 3650 59 215,350.00 95,543.74
Iced Tea 3650 15 54,750.00 24,290.78
Kopiccino 3650 15 54,750.00 24,290.78
Total 1,543,950.00 685,000.00

Beginning Inventory 50,000.00

Purchases 700,000.00
End, Inventory 65,000.00
Cost of Goods Sold 685,000.00

Gross Margin is 55.63% based on Sales

55.63328% 44.36672% Cost

Sales 10 items per day

 2019
Quantity Selling Price Sales Cost of Sales
4380 49 214,620.00 103,676.12
4380 49 214,620.00 103,676.12
4380 49 214,620.00 103,676.12
4380 59 258,420.00 124,834.52
4380 99 433,620.00 209,468.09
4380 29 127,020.00 61,359.34
4380 59 258,420.00 124,834.52
4380 15 65,700.00 31,737.59
4380 15 65,700.00 31,737.59
1,852,740.00 895,000.00

Beginning Inventory 65,000.00

Purchases 900,000.00
End, Inventory 70,000.00
Cost of Goods Sold 895,000.00

Gross Margin is 51.69% based on Sales

51.693168% 48.306832% Cost

Sales 12 items per day

 2020
Quantity Selling Price Sales Cost of Sales
5475 54 295,650.00 154,946.47
5475 54 295,650.00 154,946.47
5475 54 295,650.00 154,946.47
5475 65 355,875.00 186,509.64
5475 109 596,775.00 312,762.31
5475 32 175,200.00 91,820.13
5475 65 355,875.00 186,509.64
5475 17 93,075.00 48,779.44
5475 17 93,075.00 48,779.44
2,556,825.00 1,340,000.00

Beginning Inventory 70,000.00

Purchases 1,350,000.00
End, Inventory 80,000.00
Cost of Goods Sold 1,340,000.00

Gross Margin is 51.69% based on Sales

47.59125% 52.40875% Cost

Sales 15 items per day

Increase of 10% in selling price due to inflation