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  • Gyoo 1

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    Jihane Tanog
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    The document outlines the capital requirements, liabilities, and external financing needs of a new business. It shows that the business has $40,585 in total liabilities, $50,000 in working capital, and requires $20,000 in external financing from Fundline Finance Corporation in the form of a 2.5 year note payable. The business's existing assets total $16,241 and it plans to acquire a new building for $84,000. The document also provides estimates for annual labor costs, depreciation expenses, and utility expenses over the next 3 years.

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    The document outlines the capital requirements, liabilities, and external financing needs of a new business. It shows that the business has $40,585 in total liabilities, $50,000 in working capital, and requires $20,000 in external financing from Fundline Finance Corporation in the form of a 2.5 year note payable. The business's existing assets total $16,241 and it plans to acquire a new building for $84,000. The document also provides estimates for annual labor costs, depreciation expenses, and utility expenses over the next 3 years.

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    22 views2 pages

    Gyoo 1

    Uploaded by

    Jihane Tanog
    The document outlines the capital requirements, liabilities, and external financing needs of a new business. It shows that the business has $40,585 in total liabilities, $50,000 in working capital, and requires $20,000 in external financing from Fundline Finance Corporation in the form of a 2.5 year note payable. The business's existing assets total $16,241 and it plans to acquire a new building for $84,000. The document also provides estimates for annual labor costs, depreciation expenses, and utility expenses over the next 3 years.

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    © All Rights Reserved
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    of 2

    Capital Requirements, Liability of the Business

    and External financing requirements.


    External financing requirements.

    Fundline finance Corporation

    - 20,000.00 pesos to lauch our new business and to purchase half of our equipment

    - notes payable due 2.5 years

    Liability of the Business

    - accounts payable - 2,500.00

    - notes payable (due 2.5 years) FFC - 20,000.00

    - utilities payable - 4,250.00

    - commercial paper - 3,000.00

    - wages payable - 3,800.00

    - interest payable - 1,785.00

    - unearned revenue - 5,250.00

    TOTAL LIABILITIES - 40,585.00


    WORKING CAPITAL LIABILITY OF THE BUSINESS EXTERNAL FINANCING
    REQUIREMENTS
    50,000.00 40,585.00 20,000.00

    Existing assets
    PARTICULAR YEAR ESTIMATED ANNUAL
    QTY UNIT COST TOTAL COST
    S ACQUIRED USEFUL LIFE DEPRECIATIION
    DEEP FRYER 3 2,450.00 7,350.00 2022 5 1,470.00
    STAINLESS
    MIXING
    BOWLS (ALL 3 2,500.00 7,500.00 2022 5 2,500.00
    SIZES SMALL
    TO BIG SIZE)
    STAINLESS
    3 60 180 2022 3 60
    TONG
    STAINLESS
    3 137 411 2022 3 197
    WHISK
    GLASS
    MEASURING 2 400 800 2022 5 160
    CUP
    TOTAL   5,547.00 16,241.00     4,387.00

    To be acquired
    Particulars Estimated Annual
    Qty Unit Cost Total Cost
    Quantity Useful Life Depreciation
    Building 1 84,000.00 84,000.00 9 10,500.00

    Labor Cost
    Job Description Monthly Cost Year 1 Year 2 Year 3
    Cashier 800 9,600.00 19,200.00 28,800.00
    Packer 1500 18,000.00 36,000.00 54,000.00
    Cook 1500 18,000.00 36,000.00 54,000.00
    TOTAL 3,800.00 45,600.00 91,200.00 136,800.00

    Utility Expense
    Particulars Monthly Cost Year 1 Year 2 Year 3
    electricity 3,500.00 42,000.00 84,000.00 126,000.00
    water 2,350.00 28,200.00 56,400.00 84,600.00
    TOTAL 5,850.00 70,200.00 140,400.00 210,600.00

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