(1) Goodies Multi-purpose Cooperative was established last January 09, 1990.

For the year ended 2015, the cooperative reported an interest income on loan of P 3,135,250. Its service fees and membership fees amounted to P
98,750 and P 15,000 respectively. Additionally, their operating expense for the year is P 789,645. As for its allocation and distribution of net surplus, the cooperative’s reserve fund is 13%, education and training fund of 9%,
community development fund of 3%, and optional fund of 6%. Assuming the percentage declared by the Board of Directors for the interest on share capital and patronage refund is 50% and 50% respectively. Using this data,
solve for (a) total share months; (b) average share months; (c) interest on share capital; (d) net surplus; (e) statutory reserves; and (f) remaining net surplus for allocation on interest on share capital and patronage refund.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Members JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC Total Share Average Int. on Int. on Loan Patronage
Months Share Share Refund
Months Capital

Holly 500 1,500 1,500 2,000 2,000 2,500 3,500 5,500 5,500 5,500 5,500 6,500 12,845

Jolly 1,500 2,000 3,000 3,500 5,000 5,500 6,500 6,500 6,500 6,000 6,500 8,500 10,005

Christmas 2,000 2,000 - 4,000 4,000 5,000 5,000 6,500 6,500 7,500 7,500 10,000 9,875

Rudolph - 2,000 2,000 - 6,500 6,500 6,500 10,000 10,000 10,000 - 15,000 10,000

Tree 1,500 1,500 1,500 1,500 2,500 3,000 3,000 3,500 4,000 4,000 5,000 6,500 4,125

Manger - 1,000 1,500 - 2,500 2,500 2,500 3,500 3,500 5,000 7,000 7,000 5,210

Jingle 1,500 2,000 2,500 2,500 2,500 5,000 5,000 6,500 6,500 6,500 15,000 15,000 15,895

Bells 1,500 1,500 1,500 3,000 3,000 4,500 4,500 5,000 5,000 5,500 15,000 15,000 20,105

Holiday 1,500 1,500 1,500 - 9,000 9,000 10,000 10,000 10,000 12,000 12,000 15,000 15,950

Others 6,185,910

TOTAL 3,135,250
(2) Brownies Multi-purpose Cooperative was established last May 14, 1991. For the year ended 2018, the cooperative reported an interest income on loan of P 4,978,645. Its service fees and membership fees amounted to P
129,807 and P 27,000 respectively. Additionally, their operating expense for the year is P 987,766. As for its allocation and distribution of net surplus, the cooperative’s reserve fund is 15%, education and training fund of
8%, community development fund of 3%, and optional fund of 7%. Assuming the percentage declared by the Board of Directors for the interest on share capital and patronage refund is 45% and 55% respectively. Using
this data, solve for (a) total share months; (b) average share months; (c) interest on share capital; (d) net surplus ; (e) statutory reserves; and (f) remaining net surplus for allocation on interest on share capital and patronage refund.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Members JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC Total Average Int. on Share Int. on Loan Patronage
Share Share Capital Refund
Months Months

Holly 1,500 1,500 1,500 - 9,000 9,000 10,000 10,000 10,000 12,000 12,000 15,000 15,950

Jolly 1,500 1,500 1,500 3,000 3,000 4,500 4,500 5,000 5,000 5,500 15,000 15,000 20,105

Christmas 1,500 2,000 2,500 2,500 2,500 5,000 5,000 6,500 6,500 6,500 15,000 15,000 15,895

Rudolph - 1,000 1,500 - 2,500 2,500 2,500 3,500 3,500 5,000 7,000 7,000 5,210

Tree 1,500 1,500 1,500 1,500 2,500 3,000 3,000 3,500 3,500 3,500 5,000 6,500 4,125

Manger - 2,000 2,000 - 6,500 6,500 6,500 10,000 10,000 10,000 - 15,000 10,000

Jingle 2,000 2,000 - 4,000 4,000 5,000 5,000 6,500 6,500 7,500 7,500 10,000 9,875

Bells 1,500 2,000 3,000 3,500 5,000 5,500 6,500 6,500 6,500 6,000 6,500 8,500 10,005

Holiday 500 1,500 1,500 2,000 2,000 2,500 3,500 5,500 5,500 5,500 5,500 6,500 12,845

Others 8,955,000

TOTAL 4,978,645