ACTIVITY SHEET IN BUSINESS ENTERPRISE SIMULATION

Fourth Quarter

Name: __________________________ Grade Level and Section: ________

School: _________________________ Date: ________________________
Teacher: ________________________ Score: _______________________

I-Title: BUSINESS ENTERPRISE SIMULATION

II-MELCs: simulate/operate a small business enterprise (ABM_BES12-Ia-h-10)

III-Instructions:

Based on the business you crafted you are going to implement the plan in your
respective community. You are to simulate the business enterprise idea you have
identified for three weeks. You may use the online platform for the promotions of your
product. At the end of the week, you are to prepare a narrative report that highlights
the following: what went right; what went wrong and points for improvements. Also,
you are to make an income statement, format will be provided below. Document each
step/process you undergo in your business simulation in support to your narrative
report.

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 SAMPLE INCOME STATEMENT: MERCHANDISING

Enterprise Group Name

Statement of Income
For the period ended_____________________

Sales P __________________
Less: Sales Discount
Sales return and allowance

Net Sales
Less: Cost of sales
Merchandise inventory, end of period
Total goods available for sale

Gross profit
Less: Operating expenses
Selling and administrative expense P___________________
Salaries and wages ___________________
Employees’ benefits ___________________
Utilities expense ___________________
Rent expense ___________________
Registration, taxes, and licenses ___________________
Supplies expense ___________________
Advertising expense ___________________
Depreciation expense ___________________
Representation expense ___________________

Total operating expenses ___________________

Net income ___________________

 A sales discount is for volume purchase or bundled products. It is possible that

sales discount may be offered at the end of the project so that merchadise inventory is
zero.
 A sales return is for products returned after purchase and the entire purchase
cost returned to the buyer.

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 SAMPLE INCOME STATEMENT: SERVICE

Enterprise Group Name

Statement of Income
For the period ended ___________________

Service Income P __________________

Less: Cost of Service
Selling and administrative expenses P __________________
Salaries and wages __________________
Employee’s benefits __________________
Utilities expense __________________
Rent expense __________________
Registration, taxes, and license __________________
Supplies expense __________________
Advertising expense __________________
Depreciation expense __________________
Representation expense __________________
Total cost and expense __________________
Net income __________________

 Depreciation expense may be removed if there are no assets acquired for the
enterprise.
 The depreciation expense for any asset acquisition may be computed using the
period covered as the useful life of the asset.

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IV. Activity

Income Statement

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Narrative Report (With Pictures)

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V. Closures

At the end of the chapter, write two or three sentences to complete the following:

I realized that:

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I resolved that:

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VI. References

Victoria Garalde-Orjalo, Erlinda C. Pefianco, ED.D: Business Enterprise Simulation:

Business Incubation and ABM Integration

Prepared by:

________________________

Subject Teacher