Q2 W9

1. What kind of business do you want to start up and why? (inassume kop o ditto na di po
kayo marunong magcrochet)
The business that I want to start up is a crochet business. It’s because I find crocheting an
interesting form of art of creating products out of yarn and hook. With that, I feel like I
have to learn this skill and I want to use it as a way of reminding people how handmade
products are important to society and how useful they are.
2. What do you prefer in determining the right sources of finance to your chosen business?
I think that I have to save enough so I can use my retained earnings as a right source of
finance to my business venture.
Q2 W10
1. Based on Time
-equity shares
-venture funding
Based on Ownership and Control
-equity capital
Based on Source of Generation
-retained earnings

2. In determining the right sources of finance for my business, I chose equity shares and venture
funding for those based on time. I think that choosing equity shares is advantageous in a way that
it gives investors the rights to vote, share profits, and claim on assets. It helps in capital gains,
limited liability, right shares, and bonus shares. On the other hand, venture funding is also great
to choose as the venture funding companies manage funds for investors who want to invest in
startup businesses. Venture funding provides help managing risks and networking opportunities
and do not require monthly payments. Then, I have chosen equity capital as based on ownership
and capital as it does not affect the fixed costs. Lastly, I chose retained earnings on sources based
on source of generation because it increases stock value and provides financial safety net and
growth funding.

Q2 W11-12

1. Interest= P130.50 Interest: 9% (0.09)

Final amount= P8,830.50 Term: 2 months (0.166667
per year)
Given: Principal: P8,700
Final amount= 8,700 (1+(0.09 x 0.166667)) Given: Principal: P12,000
Final amount: P13,680
= 8,830.500261 Term: 2 years
Interest= P8,830.50-P8,700 P13,680-P12,000= P1,680 (simple
interest)
= P130.50 r = ½ ((13680/12000)-1)
r = 0.07 or 7%/year
2. Years= 3.5 years

Given: Principal: P20,000

Interest: P6,650
Simple Interest: 9½% (0.095)

T= (1/0.095)((26650/20000)-1) 4. Interest=P702.74
Given: Principal: P30,000
T=3.5 Interest: 9.5%
Term: 90 days (0.246575 years)
n= 30000 (1+(0.095 x 0.246575))
n=30702.74
i= 30702.74-30000
3. Interest rate= 7% per year i= 702.74

Q2 W13-14

1. For me, the primary reason for investment is to grow my money over the long term. In
addition, it can help in saving money to start up a business and save money for
retirement. With that, I will be open for more opportunities and I will be able to prevent
bankruptcy depending on how I handle my finances.
 2. As a student, I think I would prefer opening up an ATM account. ATM is very beneficial
to me since it is used mainly for saving and spending. It also has a lower maintaining
balance compared to other types of bank accounts.

Q2 W15

1. P2,475
2. P1,400
3. P1,800
4. P360
5. P6,820
6. P1,500
7. P125
8. P1,170
9. P3,750
10. P2,500

Q2 W16 pie chart

MY BUDGET ALLOCATION

MY REFLECTION

My budget allocation as a student revolves mostly on food. Then some of my other

expenses include apparel, emergency, entertainment, general living expenses, savings,
and transportation. I believe that so far, this is the most effective budget allocation that I
have tried since I started to budget my finances. I believe that it is significant to allocate
enough budget for every expenses to prevent overspending on something.