Vetty RRR

MANUEL S. ENVERGA UNIVERSITY FOUNDATION-CANDELARIA, INC.
Page | 1
QUEZON, PHILIPPINES
VETTYBALLS
A Feasibility Study submitted to the Faculty Members of

Senior High School Department,
(Accountancy, Business, and Management)
Of Manuel S. Enverga University Foundation, Candelaria, Inc.
In partial fulfillment of the requirements for the

Practical Research
(Accountancy, Business and Management – ABM 1)
Submitted By:
DINGLASAN, JOHN PAUL V.
BINAMIRA, MA. ANGELA FRANCINE B.
CENIZA, CARMELA A.
OJO, CHARISSE TRIXIE D.
SIBUC, NEL SHANIA D.
TEJADA, FIONA C.
12 – CASTOR
January 2023
INNOVATION VETTYBALLS:
QUALITY A Feasibility Study of Meatballs mixed with
EXCELLENCE Vegetables
MANUEL S. ENVERGA UNIVERSITY FOUNDATION-CANDELARIA, INC. Page | 2
QUEZON, PHILIPPINES
TABLE OF CONTENTS
Title Page 1
Table of Contents 2
List of Tables 5
List of Figures 7
List of Appendices 8
CHAPTER 1 - PROJECT SUMMARY 9
Name of the Business 9
Logo Description 9
Description of the Business 10
Location of the Business 11
Mode of Financing 12
Major Assumptions 12
CHAPTER 2 – INTRODUCTION 14
Brief Background of the Study 14
Vision, Mission, and Goals 15
Objectives of the Study 15
Operational Definition of Terms 16
CHAPTER 3 RESEARCH METHODS 17
Research Design 17
Research Locale 17
Research Respondents 17
Sampling Technique 18
Forecasting Tools 18
Research Instruments 20
Data Gathering Procedure 21
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CHAPTER 4 – PRESENTATION OF RESULTS AND DISCUSSION 22
Market Study 22
Industry Analysis 22
Competitor Analysis 24
Market Product Description 26
Study of Demand 28
Study of Supply 28
Demand – Supply Analysis 28
Market Share Analysis 30
Pricing Analysis 31
Marketing Program 31
Technical Study 37
Product Technical Description 37
Manufacturing Process 38
Production Schedule 40
Production Cost Requirement 40
Building Structure 46
Machinery, Equipment, and Tools 47
Waste Disposal 62
Cost of Capital Expenditures 62
Management Study 63
Nature of the Business 63
Organizational Structure 64
Staffing Requirements 65
Compensation Plan 65
Financial Study 66
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Projected Cost 67
Financial Statements 68
Financial Statement Analysis 75
Socio-economic Study 82
Social Benefits 82
Economic Benefits 82
CHAPTER 5 – CONCLUSION AND RECOMMENDATION 84
Summary of Findings 84
Conclusion 84
Recommendations 85
REFERENCES 86
Appendices
Certificate of Originality
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LIST OF TABLES
Table 1: Competitive Analysis of Vettyballs using Porter’s Five Forces Model 23
Table 2: Analysis of the Direct and Indirect Competitors of the Vettyballs 25
Table 3: Demographic Segmentation of Target Market in terms of Age 26
Table 4: Historical Demand 27
Table 5: Projected Demand based on the Arithmetic Straight Line Method 27
Table 6: Projected Supply based on the Arithmetic Straight Line Method 28
Table 7: Supply and demand analysis gap 29
Table 8: Projected Demand and Sales
30
Table 9: Vettyballs’ Market Shares Analysis 30
Table 10: Quantity of balls that are sold per day 32
Table 11: Daily cost of production on a of operation 32
Table 12: Production Schedule of the Business 40
Table 13: List of Raw Materials 40
Table 14: Raw materials that are needed to make vettyballs’ dips per day 44
Table 15: Packing that are needed for the business 44
Table 16: Direct Labor Requirements of the business 45
Table 17: Utilities and Other Overhead Requirements of the business 46
Table 18: List of Kitchen Tools of the business 47
Table 19: List of the Cleaning Tools of the business 50
Table 20: List of equipment of the business 51
Table 21: List of supplies of the business 52
Table 22: List of the furnitures and fixtures of the business 55

Table 23: List of the Safety Supply of the business 56
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Table 24: List of the staffing requirements 61
Table 25: Compensation plan of the business 61
Table 26: Vettyballs’ Total Projected Cost 62
Table 27: Vettyballs’ Source of Financing 63
Table 28: Vettyballs’ Statement of Comprehensive Income 63
Table 29: Vettyballs’ notes for Statement of Comprehensive Income 63
Table 30: Vettyballs’ Statement of Cash Flows 66
Table 31: Vettyballs’ Statement of Financial Position 67
Table 32: Vettyballs’ notes of Property, Plant, and Equipment 67
Table 33: Vettyballs’ Statement of Comprehensive Income Vertical Analysis 69

Table 34: Vettyballs’ Statement of Financial Position Vertical Analysis 69
Table 35: Vettyballs’ Statement Comprehensive Income Horizontal Analysis 70
Table 36: Vettyballs’ Statement of Financial Position Horizontal Analysis 70
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LIST OF FIGURES
Figure 1: Vettyballs’ Logo 9
Figure 2: Google Map Of The Business’ Exact Location 11
Figure 3: Exact Site Of The Establishment 12
Figure 4: Vettyballs’ SWOT analysis 32
Figure 5: Vettyballs’ Facebook page 34
Figure 6: Vettyballs’ Twitter account 34
Figure 7: Vettyballs’ Instagram account 36
Figure 8: Vettyballs’ flyers 36
Figure 9: Vettyballs’ manufacturing process 39
Figure 10: Sauces manufacturing process 40
Figure 11: Production process 40
Figure 12: Plant layout of the business 48
Figure 13: Business’s Building Structure 58
Figure 14: The Organizational structure of the business 61
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LIST OF APPENDICES
Forecasting Tools 81
Building Structures 83
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PROJECT SUMMARY
Name of the Business
A business similar to meatballs offers ground pork combined with vegetables,
called Vettyballs. To generate the name of the product, the researchers used the terms
"ve" from vegetables, "ty" from meaty, and "balls" due to its spherical shape. The
researchers came up with the idea of "Vettyballs" because of its unique approach to
consumers, which also gives an idea of what the researchers desire to promote. On
top of that, it is also intended to convey the message the researchers want to spread
about how it will both improve everyone's health and satisfy their cravings as well.
Figure 1
Vettyballs’ Logo
Logo Description
The logo of Vettyballs contains a clipart image of the product in the middle,
showing what our business sells. Because the researcher also used parsley in their
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product, they decided to add some clipart images of parsley on both sides. Inside the
balls are colored dots that represent the colors of each vegetables that were used in
the product. To identify the vegetable inside each ball, the researchers added a small
flag with a distinctive color to each one. Orange is for carrots, yellow is for squash,
light brown is for potatoes, and violet is for eggplant.
The name of our business, Vettyballs, appears in the upper portion of the logo; it
is meatballs mixed with vegetables that are coated with bread crumbs, which are all
good for our health. To make it catchier, the business’ tagline, "All in one ball" is
located at the bottom part of the logo. The researchers devised a tagline that asserts
the nutritious qualities of vegetables and the delectability of meat can be purchased in
a single ball, allowing consumers to enjoy and be satisfied by its taste. The colors
found in the logo were chosen to complement the color of the product's image and to
represent that our logo is good and healthy.
Brief Description of the Business
Vettyballs is a merchandising business. This business offers ground pork mixed
with vegetables that has cheese inside to make it more flavorful. Every customer can
choose what vegetable they want in their order, whether it is carrots, potatoes,
squash, or eggplant. Furthermore, the researchers considered improving its
appearance and texture by using breadcrumbs, which act as top coat. In addition, the
researchers added five (5) sauces including barbecue, cheese, creamy white sauce,
creamy garlic sauce and sweet chili sauce to make the product tastier and appealing to
everyone.
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Every time someone orders it, the product is in a paper bowl container with a mini
fork. Through this, the customers can take it wherever they want and eat it whenever
they want. Moreover, Vettyballs are something that everyone can have whenever they
are craving for meat with the thought of balancing their calorie intake. Also, it can
be one of the comfort foods for everyone who seems to have a bad day.
Location of the Business
The researchers came up with the idea of building a stall located at Central Plaza in
Brgy. Poblacion, Candelaria, Quezon.
Figure 2
Google Map Of The Business’ Exact Location
Figure 3
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Exact Site Of The Establishment
Mode of Financing
The initial capital needed to launch this business will come from the owners’
personal savings. Since Vettyballs is a small business, a loan application is not
necessary.
Vettyballs is a partnership-type of business that have six (6) owners who will
individually contribute PHP 15,000. The owners' total investment would amount to
PHP 90,000, which would be used as the business's starting capital.
Major Assumptions
a. Market Feasibility
This study discuses facts related on how the product will be feasible to the market
considering the factors that might affect the business such as its competitors,
customers, price and the quality of the product.
The different strategies to advertise their business that the researchers will consider
are also included to establish their market. One of these strategies are distributing
flyers, hanging banners, having staff’s uniforms and being active on all social media
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platform.
b. Management Feasibility
The proposed project's organizational structure includes six individuals
collaborating to form a partnership with a goal to share their resources and make the
project practical.
Sharing in the business's profit and loss is another provision of the partnership ag
reement. The supervisory and managerial roles are going to be filled by the six (6)
owners. Aside from a hired employee, the business owners will also be working
there as a cook while keeping the place clean at all times.
c. Financial Feasibility
Assessing a business idea's financial viability helps determine which
investments to make and whether the idea is even feasible. The owners would invest a
total of PHP 90,000, which would be utilized as the company's initial capital. The
initial investors will use their personal savings to cover the startup costs for this
enterprise.
d. Socio-Economic Feasibility
The socio-economic viability is concentrated on the advantages of having a
wholesome street food in Candelaria, Quezon. The business is most still taken into
consideration. This aspect discusses the responsibility and relationship of the
business in sufficient detail; this aspect will determine whether the proposed project
will be pleasing to the public.
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INTRODUCTION
Brief Background of the Study
According to Backpacker Southeast Asia (2020), meatball or also known as
"bola bola," is one of the best Filipino street food & snacks, it is a mixture of meat
and other seasonings formed into a ball. Furthermore, this well-known, time-
honored delicacy had its beginnings in ancient Persia, when it was known as
meatballs. Since it was easy to make and cook, it spread around the world,
especially to the Philippines, where it was known as "Bola-bola."
As said by Katy Salter (2013), it seems that everyone, everywhere, loves
meatballs. However, some of these people are unaware that the high fat content is
unhealthy and could lead to a variety of health problems. The USDA (2019)
estimates that a 3-ounce serving of meatballs has 243 calories and 18.9 grams of
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fat, or 30% of the calories in meatballs. Overall, 6.5 grams of that amount contain
saturated fat, which can raise your risk of heart disease, as claimed by the Mayo
Clinic in 2021. The owner considered creating a much tastier and healthier version
of meatballs that would satisfy customers without compromising their health or
diet.
Furthermore, around 4 million Filipino children under the age of five have
stunted growth, and 3.6 million of them are underweight, according to UNICEF
(2019). Moreover, World Health Organization or WHO (2018), states that
malnutrition is mostly caused by insufficient nutrient intake. That inspired the
owner to push through, to address that need; it was created to be helpful on living or
even maintaining a healthy diet.
Vision, Mission, and Goals
Vision
In 2030, Vettyballs will be known as the most well-liked, high quality, and
healthy meat dish in Candelaria, Quezon.
Mission
Vettyball's mission to help people make better eating decisions by having the
access to a high-quality, beneficial, and enjoyable snack. It has a fantastic flavor that
the clients will certainly enjoy in every single piece.
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Goals
Vettyballs will be known locally not only for providing nutrients but also for
encouraging people to eat healthier dishes. The business aims to satisfy people’s
cravings by serving them high-quality, remarkable, and distinctive products. It will
also be renowned for its refined retail design, immaculate merchandise, and
courteous staff. The product anticipates that its monthly sales will rise as it adapts to
market conditions and trends.
Objectives of the Study
The study's proposed objective is to determine whether the product
"Vettyballs" is feasible to the market, to predict the success or failure of the
company. If it has a lot of demand and then t will be profitable to propose. It will
highlight the advantages for the business’ workers. This analysis will show
whether or not the company may obtain funding.It will introduce that the product
to public that are affordable and that can support a healthy body.
Operational Definition of Terms
The researchers provide a list of unfamiliar words that will be used as a
guide while creating the product. These are the unfamiliar words:
Bowls is a round container that has tall, curving sides that will be used to combine
all the ingredients to make the product.
Crushing is the process of pressing, grinding, or pounding of the vegetables into
smaller particles before mixing it with the ground pork.
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Deep fryer is an electric device that will be used to fry the product by heating the
oil it is submerged in.
Ground pork is one of the main ingredients that will be mixed with the
vegetables to create the product. It usually contains about 15 percent fat.
Malnourished a person who has poor health. It is the individuals that inspired the
owner on creating the product.
Meatballs is the inspiration of the product, also known as “bola-bola” which is a
type of street food that is a ball chopped meat.
Molding is the process of shaping the product into round balls for easy frying.
Sanitation is the action or process of sanitizing that the researchers do while
creating and selling the product in order to promote hygiene and avoid diseases.
Vegetables is a raw fresh food which is combined with the ground pork. It is
the highlight of the product.
Vettyballs is the name of the business. It is a combination of the words vegetables
and meaty.
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RESEARCH METHODS
Research Design
This feasibility research will utilize the descriptive-survey research design.
The survey descriptive research approach, as described by SurveyPlanet (2022),
involves the creation of questionnaires or polls, which are then distributed to
respondents. The Formplus Blog (2022) states that descriptive survey research
seeks to compile information on a variety of topics. This information seeks to
determine the degree to which certain conditions can be found among these
subjects. The researchers chose this design because the current study will identify
the parameters of the proposed product, such as the demographic characteristics of
the target customers and their perceptions and preferences regarding the product.
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Research Locale
The study will take place at Candelaria, Quezon. The sum of target clients,
including students, passers-by, drivers, shoppers, and other people, makes the
location a wise choice. Additionally, it is simple and convenient for customers to
enter the location of selection. The location was chosen by the researchers because
it would provide them with the information they need to improve their product.
Research Respondents
The respondents to the survey will be potential customers of Vettyballs.
Possible respondents will be composed of the people who passes by the area. The
researchers chose the participants based on the landmarks located near the location
of the proposed business.
Sampling Technique
According to Derek Jansen, purposeful sampling entails the researcher
choosing participants based on their own discretion and the objectives of the
study. As the name implies, individuals are chosen using this method based on their
accessibility or availability. In other words, rather than choosing the sample based
on a clear and objective method, the researcher chooses the sample depending on
how easy it is for them to acquire it. Convenience sampling, which chooses its
sample based on those who are easily accessible or eager to participate, naturally
offers a quick and simple option to collect data. As a result, it is a desirable choice
if you are very short on money or time.This method of research is dependent on the
accessibility of the subjects. Because the researcher may contact the subjects with
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ease, it is commonly referred to as "convenience sampling. The sample components
are only chosen by researchers with almost no authority, and they are chosen
entirely on the basis of proximity rather than representativeness. When gathering
feedback is time- and money-constrained, this non-probability sampling technique
is used.
Forecasting Tools
a. DEMAND
Due to demand, Vettyballs will be able to determine what potential customers
want from the products they wish to consume. The owners will base their choice in
this section on the number of people who will be required for each aspect to take
into account for the business in order to determine demand.
b. SUPPLY
As the researchers explore the area, the supply will be the total amount of the
potential product that the business will be able to produce. The street food sellers,
who operate without a permanent location, will be the company's competitors.
Supply will guarantee that buyers may get the greatest price possible.
c. SUPPLY AND DEMANDS ANALYSIS GAP
The costs and availability of goods and services in a given market will be
determined by supply and demand analysis. This will serve the gap from the supply
of a good or service to the demand for those things.
d. PROJECTED DEMAND AND SUPPLY
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The population estimates that can be forecasted to produce the product are
shown by the projected demand and supply. This demonstrates the modifications in
demand projection that will impact the anticipated supply in the future.
e. MARKET SHARES
The market share will show the percentage of the total sales in industry as per
as to the company sales. The vettyballs translates into better sales, less work needed
to sell more, and a strong barrier to entry for other competitors. The business will
measure the customers' or businesses' preference for one product over other similar
items.
f. PRICING STRATEGY
The business's method for making prices will be determined by its pricing
strategy. Having the price set to optimize profits and shareholder value, this strategy
will help the owners in selecting an appropriate price for consumers.
g. PROMOTION
• Using the questionnaires that the researchers has been created the
promotion will have the processes that can help the business. It will start into
the perception, interest, demand and lastly the action.
FINANCIAL RATIOS
Financial ratios show the comparison of two or more financial data points. The
business will use these formulas to have a fair comparison.
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Research Instrument
The researcher's initial preference for gathering feedback on a product is
through survey questionnaires, partly because they are the least expensive and
easiest method. Everyone values their time so the researcher decided for this
method above others in order to collect information from respondents quickly.
The survey questions were produced by the researchers to get feedback for the
product's enhancement and to learn more about what the consumers would want.
It aims to help the study to reach its satisfaction because it act as a comment
thread for open communication.
In the initial part of the survey questionnaires is the description of the product
and the purpose of the survey. Informed consent is also included along with some
demographic questions such as age and type of employment. The primary
questionnaires includes eight (8) questions which the respondents will shade the
circle around with their response to assist the researchers in enhancing their
product in accordance with consumer preferences. The last part of the survey
questionnaire is where respondents are allowed to share their thoughts,
suggestions and recommendations.
Data Gathering Procedure
Prior to conducting the survey, the researchers created a list of twenty (20)
questions, which they carefully assessed and then sorted into eight (8) questions. It
was then appropriately organized in order before being printed and prepared for the
survey.
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As they were conducting the survey, the researchers approached the respondent
and asked if they are available enough to answer the survey questionnaires. The
same questionnaires were distributed to all of the respondents who passes by, and
they had plenty of time to concentrate and thoroughly review their answers. The
researcher gathered all of the papers after they had been completed.
After doing the survey and gathering the data, the researchers then moved on to
data analysis and computation. The outcomes are then provided.
PRESENTATION OF RESULTS AND DISCUSSION
Market Study
Objectives of the Study
The researchers want to start understanding the Vettyballs' potential for
commercial success and how to effectively manage them in the marketplace. This
study will assist the industry in promoting the consumption of more veggies when
combined with pork.
Industry Analysis
The streetfood industry is very competitive, but Vettyballs assures that they can
compete with earlier firms. The table below displays an examination of Vettyballs
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using Porter's Five Forces Model. Vettyballs was proven to be a very competitive
industry with a strong competitive force on the table.
Table 1
Competitive Analysis of Vettyballs using Porter’s Five Forces Model
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Bargaining Power of
Buyers
The buyer's switching
costs are substantial
The customer cannot
obtain comparable
goods or services from
the other vendors
WEAK
Competitive
Rivalry Threat of new Entrants
Bargaining Power of
or New Entry
Suppliers
high cost of suppliers
More nutritious
switching than the oer vettyballs will continue
to offer high quality and
Buyer's backward competitors , unique product that will
integration several dips that ake the customers seek
threat of invasion by
fresh competitors complement the for more of it.
WEAK product. MODERATE
STRONG
Theats of Substitutes
or Substitution
The quality of
substitute products is
beneath comparable to
industry products.
MODERATE
Competitor Analysis
The Vettyballs aim to provide nutritious and delicious food on the market that can
satisfy consumers. However, in business, there are always rivals who also aim to
satisfy client needs and even wants. Some of the Vettyballs' competitors are listed
below.
Table 2
Analysis of the Direct and Indirect Competitors of the Vettyballs based on Price,
Quality, and Efficiency
Competitors Type Price Quality Adaptability
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/Efficiency
Takorap Indirect ₱ 49.00- ₱58.00 The Takorap has In terms of

multiple customers. the product's
Its aroma can't be taste and look,
ignored, especially Takorap
given how delicious satisfies the
it is. Their product demands of
have a substantial its clients.
filling, as well as a
good amount of flour
and sauce.
Takoyaken Indirect ₱35.00-₱78.00 Since Takoyaken Because of
also sells milk tea the savory
and ramen, it draws a flavor of their
lot of consumers, takoyaki and
particularly students the tasty milk
in Candelaria. Each tea that goes
of their takoyaki well with it,
balls has a lot of Takoyaken
filling, but the most provides its
of it is composed of consumers a
flour, and the sauce positive
is overflowing. impression.
Streetfoods Direct ₱1.00-₱5.00 Customers have a It is
variety of choices, supported by
like kikiam, fishballs, a large
chicken balls, etc. It number of
comes with a plastic customers
cup and stick that can because of its
be taken anywhere. taste and
Also, it includes affordable
sauce that consumers price.
can adjust to their
preferences—spicy
or not, or how spicy
they want it to be.
As demonstrated above, the three companies that compete with Vettyballs are
all profitable enterprises that gain revenue and even the faith of their loyal consumers
as a result of their own efficiency, price, and quality. Nonetheless, Vettyballs has a
significant advantage over its three competitors. Compared to its three rivals, it offers
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delicious and nutritious food at a reasonable price. This indicates that Vettyballs have
a great opportunity to gain clients and will eventually succeed once they are on the
market.
Customer Analysis
Table 3
Demographic Segmentation of Target Market in terms of Age
Age
Age Bracket Population Target Market
10-19 years old 24,057 23,895.82
20-29 years old 20,185 20,049.76
30-39 years old 17,009 16,895.04
40-49 years old 13,391 13,301.28
50-59 years old 10,011 9,943.93
Total 84,653 84,085.07
The researchers will lease a space in the central plaza for their operations. The
majority of those passing through the area on foot are expected to be business
customers. The possible customers for the proposed business are divided into age
groups of 10 to 19 years, 20 to 29 years, 30 to 39 years, 40 to 49 years, and finally, 50
to 59 years. Despite this, the various ages of the clients guarantees that the product's
pricing range is reasonable.
Demand
Table 4
Historical Demand
Year Demand Percent of Change

2017 87,461 0%
2018 89,707.4 3%
2019 91,504.5 2%
2020 92,942.2 1.6%
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Note: Demand is based on the National Economic Development Authority (2020)
a = (Demand Year end – Demand Year initial) / (number of years – 1)
= (98,693 – 84,653) / (6 – 1)
= 2,808
Table 5
Projected Demand based on the Arithmetic Straight Line Method
Year a Previous Demand Projected Demand

2023 2,808 87,461 90,269
2024 2,808 89,707.4 92,515.4
2025 2,808 91,504.5 94,312.5
2026 2,808 92,942.2 95,750.5
2027 2,808 98, 693 101,501
This table shows that, over the next five years, demand is expected to expand,
leading to a positive performance for the business.
Supply
Table 6
Projected Supply based on the Arithmetic Straight Line Method
Year a Previous Supply Projected Supply

2023 2,527.2 81,712.8 84,240
2024 2,527.2 84,240 86, 767.2
2025 2,527.2 86, 767.2 89,370.22
2026 2,527.2 89,370.22 92,051.32
2027 2,527.2 92,051.32 94,812.86
According to the Economic Times, supply is important since it ensures that
there are enough items created to keep up with consumer demand. It benefits the
business to make sure that a specific proportion of the products it produces are sold
on the market at various price points to satisfy customer demand. In addition, this
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study also helps the business determine future demand, which can help the
proprietors make decisions about the business.
According to the study, 150 respondents—99.33%—want to purchase the
company's goods. It guarantees that many clients will buy from the company.
Although rivals like Takorap and Takoyen have a good relationship with consumers,
they also have a significant competitive edge over their rivals since people are
familiar with their brands, in addition to the quality of their products. Street food
vendors also have an advantage over customers because it is widely available and
reasonably priced. Whatever the case, Vettyballs has a strong chance of being a
marketable and prosperous business due to its convenient location, nutritional
ingredients, and reasonable price.
Supply and Demand Analysis Gap
Figure 3:
Graph of Supply and demand analysis gap for the next 5 years
120,000.00
100,000.00
80,000.00
60,000.00
40,000.00
20,000.00
0.00
2023 2024 2025 2026 2027
Supply Demand
Table 7
Supply and demand analysis gap
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Year Projected Projected Unsatisfied Demand
Demand Supply
2023 90,269 84,240 6,029
2024 92,515.4 86, 767.2 5, 748.2

2025 94,312.5 89,370.22 4,942.28
2026 95,750.5 92,051.32 3,699.18

2027 101,501 94,812.86 6,688.14
TOTAL 474,348.4 447,241.6 27,106.8
The fundamental principles of supply and demand in economics provide an
explanation for the relationship between the availability of a product and the desire for
a specific item. Demand quantifies the quantity of the product of the business that
consumers are willing to pay for, whereas supply quantifies the quantity of the same
product that is actually on the market. By comprehending the supply and demand in the
industry, the owners can decide if the amount produced is enough to match the demand.
Projected Demand and Sales
Table 8
Projected Demand and Sales
Year 2023 2024 2025 2026 2027

Sales ₱ 873,600.00 ₱ 899,808.00 ₱ 926,802.24 ₱ 954,606.31 ₱ 983, 244.50
Demand 90,269 92,515.4 94,312.5 95,750.5 101,501
Market Shares Analysis
Table 9
Vettyballs’ Market Shares Analysis
Total Projected Demand 474,348.4
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Less: Total Projected Supply 447,241.6
Total Unsatisfied Demand 27,106.8
Divide: Total Projected 474,348.4

Demand
Market Share 17.5%
Market Share = 474,348 x 100%

27,106.8
Considering it is expected that if the demand increases over the following
five years, the supply would undoubtedly be impacted as well, it is possible to
observe that there has been a shift and that there is an excessive or unsatisfied
demand in the hypothetical data shown above. As a result, the expected supply for
the same period is 447,241.6, the estimated demand for the following five years is
474,348.4 and the ratio of demand to supply is 27,106.8.
As the supplier's sales decrease and the estimated product's demand rises, the
projected market shares of 17.5% are expected to rise even more. The supplier's
increased sales are responsible for a reduction in market share because it will result
in less demand for other people's products.
Price Study
Cost-plus pricing is used to determine the price of Vettyballs. Vettyballs are
produced for a cost of PHP 6.87 per unit. The cost to produce the packages A, which
contains four (4) pieces, is PHP 27.48 per container; package B, which contains eight
(8) pieces, is PHP 54.96 per container; and package C, which contains twelve (12)
pieces, is PHP 82.44 each container. Packages A, B, and C of Vettyballs are sold per
container for PHP 35.00, PHP 65.00, and PHP 95.00, respectively. Although
QUEZON, PHILIPPINES
Vettyballs provides dependable, useable raw materials as well as nutritious nutrients,
researchers have also taken their responses into account when establishing the
pricing. Additionally, the researchers noted that the pricing strategy is reasonable
priced due to its pricing being comparable to that of its rivals.
Table 10
Quantity of balls that are sold per day

Quantity per Container Unit per Day Quantity per Day
PACKAGE A 4 pcs 25 100
PACKAGE B 8 pcs 15 120
PACKAGE C 12 pcs 10 120
TOTAL 50 340
Table 11
Daily cost of production on a of operation
Daily cost
Packaging ₱ 84.00
Raw Materials ₱ 1,565.99
Salaries ₱ 350.00
Utility Expense ₱ 75.38
Total Cost ₱ 92.31
Marketing Program
SWOT Analysis
Figure 4
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Vettyballs’ SWOT analysis
Strength Weakness Opportunity Threats
Affordability It is small, others Improve consumers' The competitors are

Localized Taste might think it's not preference about located nearby
Strategic Location worth the price. vegetables Compare to other
Clear business' People rarely eat Growing demand for street food stalls,
objectives vegetable healthy snack they offer cheaper
Nutritious Customer might options price
Organized rather buy A new business
streetfoods The business can might appear and
Good Customer begins selling the
Service Is a new business explore partnerships
and may struggle to with health and similar product
Convenient establish a foothold wellness influencers Customer might get
in the market and or fitness centers to bored to the flavors
attract customers promote its products offered
Negative Publicity
The business's SWOT analysis is used to determine its strengths, weaknesses,
opportunities, and threats. This analysis assists the business in understanding all the
factors influencing decision-making.
Terms of Sale
Given the fact that Vettyballs is a go-to-snack where anyone can eat wherever
they want, the owners accept cash as well as online payments using Gcash and PayPal
to make it easier for the customers.
Channel Distribution
Due to the fact that Vettyballs sells its products directly to customers, the
business uses a direct distribution channel.
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Transportation arrangement
The researchers will be using the tricycle as their method of commuting when
buying all of the raw materials that will be using and needing. The rates typically
start at ₱20.00 per person and go up as the distance gets longer. The researchers will
purchase raw materials in the wet market and given that it's close to where the
business is located, the rates will be at the normal rates which is ₱20.00. Given that
the it is a round trip, the overall cost will be ₱40.00.
Promotion and advertising activities
Advertising is the most popular way for a business to be instantly recognizable
by the public. The researcher will create a page in Facebook as well as different
social media platform like twitter and Instagram. Furthermore, the researchers will
also distribute flyers.
Figure 5
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Vettyballs’ Facebook page
Figure 6
Vettyballs’ Twitter account
QUEZON, PHILIPPINES
Figure 7
Vettyballs’ Instagram account
Figure 8
Vettyballs’ flyers
Packaging
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The product is served in its packaging, which is a white plastic container with
the Vettyballs logo on it. It contains a small plastic cup where the sauces will be
placed. Depending on how many sauces the customer orders, a certain number of tiny
plastic cups will be provided. Additionally, there’s also a mini fork provided for the
customers. Following that, the product will be packaged in a brown paper bag
altogether.
Marketing Staff
The marketing staff will organize and supply the resources required for the
company. They are the ones who will be performing in order to represent the
company. The employees will also manage internet marketing campaigns using
various social media platforms to entice customers to acquire the product. They will
be the ones to conduct market research on their target group. The team will create
engaging material to inspire customers.
Estimated cost of marketing
An estimated cost is a rough projection of future expenses involved in the
creation of goods or the completion of a project. Estimating an estimated cost aids in
project management and capital budgeting by providing insight into long-term costs,
feasibility, returns, and risk.
We computed the overall weight of our materials. The final sum will be
determined by the transportation and handling of the commodities. Then we'll get the
10%, and then we'll get the total amount of the estimated cost of marketing, and then
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deducted to get the projected cost of our item. Using that technique, we could also
easily determine the equipment's expected cost.
Technical Study
Product Technical Description
The Vettyballs will make nutritious food that is convenient to eat or use as a go-
to snack. The ground pork and the vegetables were chosen as the core ingredients.
The product will have a variety of flavors, including carrot, eggplant, squash, and
potato. It has a weight of 56.66 grams and 45.33 calories. Any flavor of Vettyballs
that a customer purchases will contain vitamins, including vitamin B (niacin and B6)
for carrots, vitamin A, folate, magnesium, fiber, riboflavin, phosphorus, copper,
fiber, folic acid, and potassium for squash, as well as vitamin C, vitamin K, vitamin
B6, thiamine, niacin, magnesium, manganese, and vitamin E for eggplant. The potato
is also high in vitamin C. As we serve the product, several sauces are included to
completely complement the product and satisfy customer preferences. The news
concerning the malnourished people and the lack of vegetable consumption inspired
the researchers to develop their invention. The product will aid farmers in promoting
their wares. The Vettyballs will encourage customers to eat more vegetables, which
will lessen the effects of malnutrition.
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Manufacturing Process
The table below will provide the process on how the vettyballs and the sauces are
made.
Figure 9
Vettyballs’ manufacturing process
Wash all the ingredients. The ingredients must be cleaned and sanitized before
using it.
Boil the potato, squash and eggplant while grating the carrots.Grate the carrots.
Mashed the potato, squash and eggplant in different bowls and set aside. Prepare
the mixing bowl and condiments for vettyballs. Mince the onion and garlic
Put the ground pork inside the mixing bowl. After putting the ground pork, put the salt, pepper, parsley and
egg. Mix it with spatula or with hand, then taste it(add some condiments if the taste is inadequate). Prepare
four different bowls and put the vegetables in each of the bowls together with the exact amount of ground pork
then mix.
On the other hand, prepare one (1) bowl and three (3) plates.Beat the eggs in ine bowl. Put the cornstach, flur
and bread crumbs in different plates. Prepare the frying pan and put the oil and wait for the right temperature
to fry the vettyballs. While waiting for the oil to heat, get a small spoon to measure the right amount for the
vettyballs.
Make a round shape and put it in order (cornstarch, egg, flour, breadcrumbs) then put it in a clean
plate. After making the Vettyballs, check the temperature of the oil then fry. Prepare a strainer to
lessen the oil in vettyballs after frying it, while resting the vettyballs. Prepare the container and put
the vettyballs together with their chosen sauce. Put some garnish and serve.
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Figure 10
Sauces manufacturing process
CREAMY WHITE SAUCE

Melt butter in a 1-1/2-quart saucepan over low heat. Add the pepper, salt, and
flour. Cook while constantly stirring over medium heat until the mixture is smooth
and boiling; then turn off the heat.
Stir in milk gradually. Boil and stir continuously for one minute after bringing to a
boil.
Rest and Serve
CHEESE SAUCE
Add the butter and let it melt in a medium sauce pan over medium heat.
Add the flour to the butter, then mix the milk in gradually. Add the cheese next.
Mixing should continue until the cheese has melted.
Rest and Serve
Figure 11
Production process
Getting the orders Preparing their

Plating and Serve
payment first basis orders
The Candelaria Public Market in Brgy, Poblacion Candelaria Quezon, will
provide the raw materials. To satisfy the customers, the staff will choose recently
produced goods that can produce good quality. The staff must go to the public market
QUEZON, PHILIPPINES
as soon as the sun rises to purchase the raw materials since these items have just been
picked from the producers. Although the remaining ingredients for the sauces are not
sold in the public market, the staff will go to the Ongville Candelaria branch to
purchase them. The employee will get the order with payment first basis as per not
being hassle when the rush of orders will come.
Production Schedule
Table 12
This table shows the production schedule of the business
DAY STORE HOURS

TUESDAY-SUNDAY 9 AM – 8 PM
MONDAY CLOSED
The owners decided to open the business from Tuesday to Sunday and will be
closed every Monday. The schedule for buying the raw material and other
manufacturing cost is every Monday as well.
Production Cost Requirements
1. Raw Materials Requirements
The following tools and equipment are necessary for the product to produce
out well and properly:
Table 13
This table shows the list of raw materials that are needed to make Vettyballs per day
INGREDIENTS QUANTITY
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● Ground pork ● 1-2kg per day
● Carrots ● 4-5 pcs of medium size
● Eggplant ● 5-6 pcs of medium size
● Potato ● 3-4 pcs large size
● Squash ● 1 whole in medium or large

size
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● Parsley ● 20-40 pesos
● Salt ● ½ teaspoon
● Pepper ● ½ teaspoon
● Corn starch ● 1 pack 400g
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● Flour ● 1 pack 2kg
● Breadcrumbs ● 240g
● Egg ● 1 tray of medium size
● Onion ● ½ kilo
● Garlic ● ½ kilo
● Oil ● 1.5 litres.
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● Ginisa Mix ● 2 sachet
Table 14
Raw materials that are needed to make vettyballs’ dips per day
Table 15
Packing that are needed for the business
PACKAGING FUNCTION QUANTITY COST TOTAL

COST
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The food that

will be served
to the customer 50 pcs 19.00 950.00
will be kept in
the food
container.
The sauce that

will be served
together with
100 pcs 35.00 140.00
the product
will be kept to
this sauce
container
Buyers will
use it to eat the
50 pcs 11.00 264.00
product.
50 pcs 19.00 312.00

A carrier for
take out orders
Total PHP 1,666.00
2. Direct Labor Requirements
Table 16
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This table shows the Direct Labor Requirements of the business
Processing Department No. of Hours Daily Direct Total Direct Labor

and Number of Required per Labor Rate Cost per Unit
Workers Needed Unit Per Hour
Staff 1 5.5 Php 50.00 Php 275.00
Staff 2 5.5 Php 50.00 Php 275.00
TOTAL Php 550.00
The salary was based on glassdoor inc.
The owners decided to hire two part-time employees for their business. The
shop will open at 9 in the morning. to 8 p.m. Each day, the workers will put in 5.5
hours. Knowing that it is allowed for employers to employ part-timers, Derek
Gallimore claims that part-time workers must put in at least eight hours a day.
Utilities and other overhead requirements
This section outlines the fundamental requirements of the company that will help
them attract new customers and be ready to cover every expense at the end of each
month. The entire anticipated utilities for the company, together with their source and
monthly cost, are presented below:
Table 17
This figure shows the utilities and other overhead requirements of the business
UTILITIES SOURCE MONTHLY COST

Water Water District Php 260
Mineral Water Nexus Crystal Water Station Php 200

(4 gallons)
Electricity Php 1,500
Total Utilities Php 1,960

Other SOURCE COST
Overhead
Requirements
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Gas Php 850
Total Other Php 850

Overhead
Requirements
TOTAL PHP 2,810
3. Plant Location and Layout
Figure 12
This figure shows the plant layout of the business
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4. Machinery, Equipment, and Tools
The following tools and equipment are necessary for the product to produce out
well and properly:
Table 18
This table shows the list of Kitchen Tools of the business
QUANTIT
Kitchen Tools FUNCTION COST TOTAL
Y
Used to
separate all
the
10 35.00 350.00
ingredients to
make the
product.
Knives is
used when
there are tools
that a scraper 1 set 165.00 165.00
cannot
handle, such
as grinding
The cutting
board will be
placed with
2 pcs 60.00 120.00
the
ingredients
that need to
be chopped.
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The veggies
will be peeled
with the knife
4 pcs 40.00 160.00
peeler before
being placed
on the grater.
It will be used
to mix in the
cooking 1 set 459.00 459.00
sauce.
The grater
will be used
to grind small
ingredients
95.00
like onions 2 pcs. 190.00
and garlic as
well as
vegetables
that need to
be refined.
A sauce pan
will be used
to cook the 2 pcs 376.00 752.00
sauce you
will need.
The set of
glass
condiment
containers
1 set 139.00 139.00
will hold the
spices making
the
product tastier
The clean
storage
4 set 109.00 436.00
container will
be used as a
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container to
separate the
vegetables
and pork in
the
refrigerator.
Used to place
the tissues
that will be
1 pcs 93.00 93.00
needed.
To ensure that
there is no
residual oil in
the finished 2 pcs 199.00 398.00
product after
cooking, use
the strainer.
Vegetables
are rinsed in
fine mesh
strainers,
which are
2 pcs 259.94 519.88
also used to
remove
particles from
stocks and
broths.
TOTAL PHP 3,781.88
Table 19
This table shows the list of the Cleaning Tools of the business
CLEANING TOOLS FUNCTION QUANTITY COST TOTAL
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Dustpan and Broom
Use to sweep
up any trash or 1 103.00 103.00
dust on the
floor.
Trash Bin
Utilized to hold
the trash that
had been swept 2 179 179.00
up in the
dustpan.
Cleaning Cloth
The cleaning
cloth will be
used to wipe 8 5.00 40.00
the tables and
chairs after
they have been
used by staff
and customers.
TOTAL PHP 322.00
Table 20
This table shows the list of equipment of the business
EQUIPMENT FUNCTIONS QUANTITY COST TOTAL
Ingredients
will be kept in
the fridge to
preserve their 1 5,225.00 5,225.00
freshness and
stop them
from rotting.
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Deep fryer is
an electric
device that
will be used to
fry the
1 1,299.00 1,299.00
product by
heating the oil
it is
submerged in.
This is used in
cooking food
utilizing direct
heat, such as
searing, 1 1,295 1,295
boiling, stir-
frying, and
other
techniques.
TOTAL PHP 7,819.00
Table 21
This table shows the list of supplies of the business
SUPPLIES FUNCTION QUANTITY COST TOTAL
Mask
The mask will be

used to prevent
employees from 12 18.00 216.00
spitting on the
product while
talking.
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Hairnet
The hair net will

be used to 12 18.00 216.00
prevent hair loss
that can involve
the finished
product.
Gloves
Gloves will be
used to maintain
hygiene while
handling or 100 pcs 55.00 55.00
mixing the
ingredients
during the
process.
Apron The apron will

be used to
prevent dirt that
may get on your 2 pcs 92.00 184.00
clothes and also
to look
responsible and
clean.
Rubber Gloves
Rubber cleaning 2 19.00 38.00

gloves are worn
on the hands
during cleaning
to prevent hand
bacteria.
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Notebook
Here the
customer's
orders will be
1 55 55
listed, as well as
the cashier's and
the customer's
transactions.
Ballpen
This is what the

1 dozen 55 55
cashier will use
for writing.
Calculator
This will be used

by the cashier for
fast payments
and exchanges 1 99 99
that will happen.
Trash Bag
To prevent the
trash can from
getting dirty and 5 pack 45 225
can easily be
placed in the
correct trash can.
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Tissue
It will be used to
wipe the things
5 pack 34 170
that need to be
wiped, including
the container.
Dish Washing Liquid
This is the soap

that will be used
to clean the 3 bottles
dishes used in 139 417
cooking. (250ml)
Sponge
It will be used to
wash things to 6 20 120
make sure they
are clean.
TOTAL PHP 1,890.00
Table 22
This table shows the list of the furnitures and fixtures of the business
FURNITURES FUNCTION QUANTITY COST TOTAL
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The chair
will be used
by the
employees
while
2 419.00 839.5
waiting for
their
customers.
An electric
fan will be
used in order
to prevent
heat and
ensure that
the workers
1 949.00 949.00
are
comfortable
while
producing
the product.
A wall
clock's main
function is to
make it
simple for 1 142.00 142.00
users to keep
track of time
and adhere
to schedules.
1 1,899 1.899
Table 23
This table shows the list of the Safety Supply of the business
SAFETY SUPPLY FUNCTION QUANTITY COST TOTAL
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It will be
used in the
case of a
1 1,100 1,100
sudden
accident, like
a stall fire.
Building structures and other facilities
The Vettyballs will rent space at Central Plaza in Brgy. Poblacion, Candelaria,
Quezon. The space has a measurement of 10.7x squared meters. Despite being within
a structure, the business's stalls are constructed of exterior plywood to withstand a
variety of weather situations. The front part of the stall has a counter top where
clients can wait, adding to the interior's coziness. The owners will pay PHP 5,000 in
rent each month. The total cost of materials that will be used to build the stall is PHP
23,884.00.
Counter Area - the location where payment and exchanges takes place.
Kitchen Area - the location where the cook prepares the food. The kitchen will be
divided in to two:
Cooking Area - Where the chef cooks the product
Washing Area - Where the utensils, tools, and equipment used can be cleaned and
sanitized.
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Figure 13
This figure shows the business’s Building Structure
Top View Aerial View
Waste Disposal
With the aid of non-biodegradable, biodegradable, and recyclable signage,
business owners and staff will keep monitoring on and appropriately manage the
company's waste disposal system. Additionally, by doing this, consumers and others
in the community will learn how to properly dispose of their waste. In order to
preserve the healthy environment that the building in Central Plaza has produced,
Vettyballs will make sure that their surroundings are clean.
Total cost of capital expenditures
Table 24
This table shows the otal cost of capital expenditures
CAPITAL EXPENDITURES ESTIMATED AMOUNT
Raw Material PHP 42,899.74
Utilities and other 2,810.00
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Overhead Requirements
Tools and Equipment 11,922.88
Building Structure 23,884.00
Rent Expense (Monthly) 5,000.00
Working Capital 144,107.74
Total PHP 230,624.36
Management Study
Nature of the Business
Six people wanting to form a partnership will operate the Vettyballs. They will
collaborate and contribute equally to the development and growth of the firm.
Vettyballs is a manufacturing company that sells its product at a low cost. It provides
an innovative product, specifically in terms of flavor, that will satisfy people's
cravings, and it is also a food that can assist industry in increasing the supply of
nutrient-dense diets, particularly for undernourished children. The owners can
borrow money and pay it back after the business is established; they can also
contribute with their own money because the money will not be issued in large
amounts due to the fact that only six people will release money. To be able to
manage the firm, the proprietors must be educated, responsible, and have a strong
mindset. Vettyballs' ease of formation is not so much a burden as it is easy to
comprehend. However, there are some vital certificates that the company will
require. Vettyballs is a small business, particularly a stall business, with little
documentation to complete in order to get started. In terms of taxes, partnerships are
regarded as a pass-through entity. A partnership is similar to an expanded sole
QUEZON, PHILIPPINES
proprietorship in many ways, but with the benefits and drawbacks that come with
having a partner. A partner may contribute knowledge, abilities, and money to the
company. They may have a good impact on the company, but they may also have a
negative one. Whoever you do business with should make you feel at ease.
Government interference in the economy can take many different forms, including
taxes, subsidies, price controls, regulations, minimum wage laws, and bailouts. The
government may step in to break up a monopoly, stimulate a faltering economy, or
alleviate hardship. The systematic method of characterizing a corporation is also
referred to as the nature of business. The type of business is indicated by this
concept. Additionally, it outlines the services it offers. Additionally, a company's
focus is described by the nature of its business. It explains where the company's
products or services are primarily focused. This also includes everything a business
undertakes to accomplish its goals. As it is frequently difficult for them to obtain the
necessary funding to launch the business, external sources of finance are quite
beneficial for business owners. One can only invest a certain quantity of assets in
their own company. It is simple for business owners to have the initial capital to
create a start-up or receive more money to expand thanks to external sources of
finance. It's crucial to keep in mind that external funding sources are typically more
expensive than internal ones.
Organizational Structure
Figure 14
This figure shows the organizational structure of the business
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In the business Vettyballs, the six (6) business owners will also be the cooks.
Every owner will work as a cook every day at the business stall considering the fact
that it is open for six days a week. In order to handle payments at Vettyballs, the
company will require one employee.
Staffing Requirements
Table 24
This table shows the list of the staffing requirements of the business
No. Of Position Qualification

Job Description
Position Description Requirements
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● At least High school ● perform the duties
graduate from cashier to a cook
● being able to read ● Taking orders from
and comprehend customers at the
instructions counter
● possess great ● Accept payments and
communication give consumers their
skills change
● can fulfil their duties ● Manage the register
1 Staff 1 as staff ● Make sure the register
is balanced at the end
of the working day.
● Help with additional
duties including
keeping the house tidy
and stocking the
supplies
● Will do all the chores
from buying to
serving the product
● At least High school ● perform the duties
graduate from cashier to a cook
● being able to read ● Taking orders from
and comprehend customers at the
instructions counter
● possess great ● Accept payments and
communication give consumers their
skills change
● can fulfil their duties ● Manage the register
2 Staff 2 as staff ● Make sure the register
is balanced at the end
of the working day.
● Help with additional
duties including
keeping the house tidy
and stocking the
supplies
● Will do all the chores
from buying to
serving the product
Compensation plan
Table 25
This table shows the compensation plan of the business
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Position Salary Salary Basic Monthly Total Total
Description Grade per Monthl Allowance Annual
hour y Salary
Staff 1 1 50 7,150 0 85,800 85,800
Staff 2 1 50 7,150 0 85,800 85,800
The business will pay the part-time workers in the manner given out at the
table. A business preferred to recruit two part-timers owing to their store hours as
they will be making the sales. There are no monthly allowances dependent on the
owners, as seen in the table above. The cashier and cook will be the initial staff.
During their assigned working hours, staffs are responsible for managing the store.
Financial Study
The comprehension of financial studies is covered in this chapter. It displays the
Vettyballs costs when the company begins to operate. It examines the predicted cost,
ongoing cost, cash flows, and projected cost over the following five years for the
company. The precise costs of the supplies and other expenses needed for the
proposed business are provided in this chapter. The goal of this chapter is to
determine how much money will be required and the expenses that the business will
face over the next few years to successfully run the business.
TOTAL PROJECTED COST
Table 26
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Vettyballs’ Total Projected Cost
Vettyballs
Total Projected Cost
Current Assets
Prepaid Rent (2 months) ₱ 10,000.00
Total Current Assets 10,000
Fixed Assets
Equipment 7,819
Furniture & Fixtures 3,819.50
Tools 4,103.88
Building Structure 23,884
Total Fixed Assets ₱ 39,626.38
Provision For Expenses

Salaries Expense 9,100.00
Benefit Expense (1 year) 1,128
Permits & license (1 year) 6,830
Supplies Expense 2,857.58
Utilities Expense 1,960.00
Advertising Expense (1 year) 1,260.00
Rent Expense (1 month) 5,000.00
Other Overhead Expense 850.00
Total Provision for Expense ₱ 28,985.58
Total Projected Cost ₱ 78,611.58
Cash Reserves ₱ 11,388.42
Initial Capital Imvestment ₱ 90,000.00
SOURCE OF FINANCING
Table 27
Vettyballs’ Source of Financing
PARTNERS Amount Contribution Source

Binamira, Ma. Angela Francine B. ₱ 15,000.00 Personal Savings
Ceniza, Carmela A. ₱ 15,000.00 Personal Savings
Dinglasan, John Paul V. ₱ 15,000.00 Personal Savings
Ojo, Charisse Trixie D. ₱ 15,000.00 Personal Savings
Sibuc, Nel Shania D. ₱ 15,000.00 Personal Savings
Tejada, Fiona C. ₱ 15,000.00 Personal Savings
FINANCIAL STATEMENTS
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Table 28
Vettyballs’ Statement of Comprehensive Income

Vettyballs
Statement of Comprehensive Income
For the Year Ended December 31, 2023 2024 2025 2026 2027
Note
Sales 1 ₱ 873,600.00 ₱ 899,808.00 ₱ 926,802.24 ₱ 954,606.31 ₱ 983,244.50
Less: Cost of Sales 2 514,796.88 530,240.79 546,148.01 562,532.45 579,408.42
Gross Profit 358,803.12 369,567.21 380,654.23 392,073.86 403,836.07
Salaries expenses 3 109,200.00 112,476.00 115,850.28 119,325.79 122,905.56
Benefits Expenses 4 1,128.00 1,128.00 1,128.00 1,128.00 1,128.00
Permits & Licenses 5 6,830.00 4,300.00 4,300.00 4,300.00 4,300.00
Supplies Expenses 6 11,831.00 12,135.66 12,549.78 12,919.67 13,410.66
Utilities Expenses 7 23,520.00 24,225.60 24,952.37 25,700.94 26,471.97
Advertising Expense 8 1,260.00 1,260.00 1,260.00 1,260.00 1,260.00
Rent Expenses 9 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Depreciation Expenses 10 0 2,468.68 2,468.68 2,468.68 2,468.68
Other Overhead Expenses 11 10,200.00 10,506.00 10,821.18 11,145.82 11,480.19
Total Operating Expense 223,969.00 228,499.94 233,330.28 238,248.89 243,425.06
Net Income 134,834.12 141,067.28 147,323.95 153,824.96 160,411.01
Table 29
Vettyballs’ notes for Statement of Comprehensive Income

Ve ttyballs
Note 1: Sales
Price Unit Unit pe r Day Sale s per Day Sale s per Month 2023 2024 2025 2026 2027
Package A (4pcs) ₱ 35.00 25 ₱ 875.00 ₱ 22,750.00 ₱ 273,000.00 ₱ 281,190.00 ₱ 289,625.70 ₱ 298,314.47 ₱ 307,263.91
Package B (8pcs) 65.00 15 975.00
Vettyballs 25,350.00 304,200.00 313,326.00 322,725.78 332,407.55 342,379.78
Package C (12pcs) 95.00 10 Note 2: Cost of
950.00 Sales
24,700.00 296,400.00 305,292.00 314,450.76 323,884.28 333,600.81
2.1 Direct Materials
TOTAL ₱ 195.00 50 ₱ 2,800.00 ₱ 72,800.00 ₱ 873,600.00 ₱ 899,808.00 ₱ 926,802.24 ₱ 954,606.31 ₱ 983,244.50
Raw
NOTE: The salesMaterials
will increase 3% annually. Daily Monthly 2023 2024 2025 2026 2027
Ground pork ₱ 350.00 ₱ 9,100.00 ₱ 109,200.00 ₱ 112,476.00 ₱ 115,850.28 ₱ 119,325.79 ₱ 122,905.56
Carrots 48.00 1,248.00 14,976.00 15,425.28 15,888.04 16,364.68 16,855.62
Eggplant 40.00 1,040.00 12,480.00 12,854.40 13,240.03 13,637.23 14,046.35
Squash 50.00 1,300.00 15,600.00 16,068.00 16,550.04 17,046.54 17,557.94
Potato 45.00 1,170.00 14,040.00 14,461.20 14,895.04 15,341.89 15,802.14
Parsley 30.00 780.00 9,360.00 9,640.80 9,930.02 10,227.92 10,534.76
Onion 15.00 390.00 4,680.00 4,820.40 4,965.01 5,113.96 5,267.38
Garlic 30.00 780.00 9,360.00 9,640.80 9,930.02 10,227.92 10,534.76
Salt 5.00 130.00 1,560.00 1,606.80 1,655.00 1,704.65 1,755.79
Ginisa Mix 14.00 364.00 4,368.00 4,499.04 4,634.01 4,773.03 4,916.22
Pepper 5.00 130.00 1,560.00 1,606.80 1,655.00 1,704.65 1,755.79
Cornstarch 20.00 520.00 6,240.00 6,427.20 6,620.02 6,818.62 7,023.17
Flour 42.00 1,092.00 13,104.00 13,497.12 13,902.03 14,319.09 14,748.67
Breadcrumbs 87.00 2,262.00 27,144.00 27,958.32 28,797.07 29,660.98 30,550.81
Egg 180.00 4,680.00 56,160.00 57,844.80 59,580.14 61,367.55 63,208.57
Butter 60.00 1,560.00 18,720.00 19,281.60 19,860.05 20,455.85 21,069.52
Evaporated milk 69.70 1,812.20 21,746.40 22,398.79 23,070.76 23,762.88 24,475.76
Cheese 219.00 5,694.00 68,328.00 70,377.84 72,489.18 74,663.85 76,903.77
Oil 125.00 3,250.00 39,000.00 40,170.00 41,375.10 42,616.35 43,894.84
Barbeque sauce 95.94 2,494.44 29,933.28 30,831.28 31,756.22 32,708.90 33,690.17
Sweet and chili sauce 35.35 919.10 11,029.20 11,360.08 11,700.88 12,051.90 12,413.46
TOTAL ₱ 1,565.99 ₱ 40,715.74 ₱ 488,588.88 ₱ 503,246.55 ₱ 518,343.94 ₱ 533,894.26 ₱ 549,911.09
2.2 Indirect Materials
Food Container ₱ 19.00 ₱ 494.00 ₱ 5,928.00 ₱ 6,105.84 ₱ 6,289.02 ₱ 6,477.69 ₱ 6,672.02
Sauce Container 35.00 910.00 10,920.00 11,247.60 11,585.03 11,932.58 12,290.56
Mini Fork 11.00 286.00 3,432.00 3,534.96 3,641.01 3,750.24 3,862.75
Brown Paper Bag 19.00 494.00 Vettyballs
5,928.00 6,105.84 6,289.02 6,477.69 6,672.02
TOTAL ₱ 1,649.99 ₱ 42,899.74 ₱Note 6:514,796.88
Supplies Expense
₱ 530,240.79 ₱ 546,148.01 ₱ 562,532.45 ₱ 579,408.42
NoteThe
NOTE: 6.1raw
Store Supplies
materials will increaseQuanity
3% annually. Unit Cost 2023 2024 2025 2026 2027
Logbook 1 ₱ 55.00 ₱ Vettyballs
55.00 ₱ 55.00 ₱ 110.00 ₱ 110.00 ₱ 165.00
Ballpen 12 ₱ 4.58 ₱Note 3: Salaries Expense
55.00 ₱ 110.00 ₱ 110.00 ₱ 110.00 ₱ 165.00
CalculatorEMPLOYEE daily1cost ₱ monthly cost 99.00 ₱ 2023 99.00 ₱ 2024 - ₱ 2025 - ₱ 2026 - ₱ 2027 -
TOTAL
Cashier ₱ - 350.00 ₱ - 9,100.00 ₱ 209.00 ₱
109,200.00 165.00 ₱
112,476.00 220.00 ₱
115,850.28 220.00 ₱
119,325.79 330.00
122,905.56
TOTAL
Note 6.2 Sanitary Supplies ₱ 350.00 ₱ 9,100.00 ₱ 109,200.00 ₱
Vettyballs 112,476.00 ₱ 115,850.28 ₱ 119,325.79 ₱ 122,905.56
Mask
NOTE: The annual salaries expense will increase36 ₱
3% yearly. 18.00 ₱ 648.00 ₱ 667.44 ₱ 687.46 ₱ 708.09 ₱ 729.33
₱ Note
18.00 ₱ 5: Permits & Licenses
Hairnet 36 648.00 ₱
Vettyballs 667.44 ₱ 687.46 ₱ 708.09 ₱ 729.33
Gloves 600 2023₱ 0.55 2024
₱ Note 4: Be ne330.00 ₱
fit Expense 2025 339.90 ₱ 2026
350.10 ₱ 360.60 ₱ 2027 371.42
BIR
Apron SSS ₱
PhilHe alth 92.00Pag-IBIG 2023 2024 2025 2026 2027
₱2 1,500.00 ₱ ₱ 184.00 ₱ ₱
1,500.00 -
1,500.00 ₱₱ - ₱1,500.00 ₱ - ₱ 1,500.00 -
INNOVATION
Cashier
Rubber Gloves
SEC
TOTAL
₱
₱
405.00
4
405.00
₱
₱
₱ 450.00
2,530.00
450.00
19.00
₱
₱
₱ 273.00
273.00
VETTYBALLS:
-
₱
₱
38.00 ₱ 1,128.00
1,128.00
₱
₱ -
1,128.00
39.14 ₱
1,128.00
₱
₱
1,128.00
40.31 ₱
1,128.00
₱
₱ -
1,128.00
41.52 ₱
1,128.00
₱
₱
1,128.00
42.77
-
1,128.00
Trash Bag 6 roll ₱ 45.00 ₱ 540.00 ₱ 556.20 ₱ 572.89 ₱ 590.07 ₱ 607.77
QUALITY
Baranggay
NOTE: Clearance
Tissue The employee benefits are based on240ther ₱ 200.00
SSS, PhilHealth,
packs A Feasibility Study of Meatballs mixed with
34.00 Contribution
and Pag-ibig ₱ 200.00
Table.
8,160.00 ₱ 200.00 ₱
8,404.80 8,656.94 ₱ 200.00 8,916.65 ₱ 200.00
9,184.15
₱
Mayor's
Dishwashingpermit
Liquid 6 bottles (250ml) 2,000.00 139.00 ₱ Vegetables
834.00 ₱
2,000.00 859.02 ₱
2,000.00 884.79 ₱2,000.00911.33 ₱ 938.67
2,000.00
EXCELLENCE
Sponge
Fire protection
12 ₱
600.00
20.00 ₱ 240.00 ₱
600.00
247.20 ₱
600.00
254.62 ₱
600.00
262.25 ₱ 270.12
600.00
TOTAL ₱ 11,622.00 ₱ 11,970.66 ₱ 12,329.78 ₱ 12,699.67 ₱ 13,080.66
TOTAL
TOTAL SUPPLIES EXPENSE ₱- 6,830.00 ₱ ₱ 4,300.00 11,831.00 ₱ ₱ 4,300.00
12,135.66 ₱₱ 12,549.78 4,300.00
₱ 12,919.67₱ ₱ 4,300.00
13,410.66
QUEZON, PHILIPPINES
Vettyballs
Note 7: Utilities Expense
Utilities Expenses Monthly Cost 2023 2024 2025 2026 2027
Water ₱ 260.00 ₱ 3,120.00 ₱ 3,213.60 ₱ 3,310.01 ₱ 3,409.31 ₱ 3,511.59
Mineral Water 200.00 2,400.00 2,472.00 2,546.16 2,622.54 2,701.22
Electricity 1,500.00 18,000.00 18,540.00 19,096.20 19,669.09 20,259.16
TOTAL ₱ 1,960.00 ₱ 23,520.00 ₱ 24,225.60 ₱ 24,952.37 ₱ 25,700.94 ₱ 26,471.97
Vettyballs
Note 8: Advertising Expense
2023 2024 2025 2026 2027
Flyers ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
Banner 300.00 300.00 300.00 300.00 300.00
Staff Uniform 460.00 460.00 460.00 460.00 460.00
TOTAL ₱ 1,260.00 ₱ 1,260.00 ₱ 1,260.00 ₱ 1,260.00 ₱ 1,260.00
Vettyballs
Note 9: Rent Expense
Monthly Cost 2023 2024 2025 2026 2027
Rent ₱ 5,000.00 ₱ 60,000.00 ₱ 60,000.00 ₱ 60,000.00 ₱ 60,000.00 ₱ 60,000.00
Note: The business will pay 2 months advance on rent
Vettyballs
Note 10: Depreciation Expense
10.1 Equipments
Cleaning Tools TOTAL COST 2023 2024 2025 2026 2027
Dustpan and Broom ₱ 103.00 ₱ - ₱ 20.60 ₱ 20.60 ₱ 20.60 ₱ 20.60
Trash Bin 179.00 - 35.80 35.80 35.80 35.80
Cleaning Cloth 40.00 - 8.00 8.00 8.00 8.00
Production Tools and Utensils
Bowls 350.00 - 70.00 70.00 70.00 70.00
Knives 165.00 - 33.00 33.00 33.00 33.00
Chopping Board 120.00 - 24.00 24.00 24.00 24.00
Peeler 160.00 - 32.00 32.00 32.00 32.00
Spatula 459.00 - 91.80 91.80 91.80 91.80
Grater 190.00 - 38.00 38.00 38.00 38.00
Sauce Pan 752.00 - 150.40 150.40 150.40 150.40
Glass Condiment Container 139.00 - 27.80 27.80 27.80 27.80
Storage Container 436.00 - 87.20 87.20 87.20 87.20
Tissue Holder 93.00 - 118.60 118.60 118.60 118.60
Stainer 398.00 - 79.60 79.60 79.60 79.60
Colander 519.88 - 103.98 103.98 103.98 103.98
TOTAL ₱ 4,103.88 ₱ - ₱ 920.78 ₱ 920.78 ₱ 920.78 ₱ 920.78
NOTE: Tools and Utensils have a lifespan of 5 years.
10.2 Equipments
Refrigerator ₱ 5,225.00 - ₱ 522.50 ₱ 522.50 ₱ 522.50 ₱ 522.50
Deep Fryer ₱ 1,299.00 - ₱ 129.90 ₱ 129.90 ₱ 129.90 ₱ 129.90
Gas Stove ₱ 1,295.00 - ₱ 129.50 ₱ 129.50 ₱ 129.50 ₱ 129.50
TOTAL ₱ 7,819.00 ₱ - ₱ 781.90 ₱ 781.90 ₱ 781.90 ₱ 781.90
NOTE: Equipments have a lifespan of 10 years.
10.3 Furnitures and Fixtures
Chairs ₱ 839.50 - ₱ 168.00 ₱ 168.00 ₱ 168.00 ₱ 168.00
Electric Fan ₱ 949.00 - ₱ 189.80 ₱ 189.80 ₱ 189.80 ₱ 189.80
Wall Clock ₱ 142.00 - ₱ 28.40 ₱ 28.40 ₱ 28.40 ₱ 28.40
Sink ₱ 1,899.00 - ₱ 379.80 ₱ 379.80 ₱ 379.80 ₱ 379.80
TOTAL ₱ 3,829.50 - ₱ 766.00 ₱ 766.00 ₱ 766.00 ₱ 766.00
NOTE: Furnitures and Fixtures have a lifespan of 5 years.
TOTAL DEPRECIATION EXPENSE ₱ - ₱ 2,468.68 ₱ 2,468.68 ₱ 2,468.68 ₱ 2,468.68
Vettyballs
Note 11: Other Overhead Expense
Monthly Cost 2024 2025 2026 2027 2028
LPG ( gas) ₱ 850.00 ₱ 10,200.00 ₱ 10,506.00 ₱ 10,821.18 ₱ 11,145.82 ₱ 11,480.19
TOTAL ₱ 850.00 ₱ 10,200.00 ₱ 10,506.00 ₱ 10,821.18 ₱ 11,145.82 ₱ 11,480.19
NOTE: Other Overhead Expense will increase 3% anually.
QUEZON, PHILIPPINES
Table 29
Vettyballs’ Statement of Changes in Equity

Vettyballs
Statement of Changes in Equity
Owner's Equity, Beginning ₱ 90,000.00 ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31
ADD: Net Income ₱ 134,834.12 ₱ 141,067.28 ₱ 147,323.95 ₱ 153,824.96 ₱ 160,411.01
Balance ₱ 224,834.12 ₱ 335,901.40 ₱ 447,225.34 ₱ 559,050.31 ₱ 671,461.32
LESS: Withdrawals ₱ 30,000.00 ₱ 36,000.00 ₱ 42,000.00 ₱ 48,000.00 ₱ 54,000.00
Total ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
Table 30
Vettyballs’ Statement of Cash Flows
VETTYBALLS
Statement of Cash Flows
Cash Flows from Operating Activities
Cash receipts from customer ₱ 873,600.00 ₱ 899,808.00 ₱ 926,802.24 ₱ 954,606.31 ₱ 983,244.50
Cash payment to Prepaid Rent (10,000.00) - - - -
Cash payment to raw materials (514,796.88) (530,240.79) (546,148.01) (562,532.45) (579,408.42)
Cash payment for salaries (109,200.00) (112,476.00) (115,850.28) (119,325.79) (122,905.56)
Cash payment for Rent (60,000.00) (60,000.00) (60,000.00) (60,000.00) (60,000.00)
Cash payment to Benefits (1,128.00) (1,128.00) (1,128.00) (1,128.00) (1,128.00)
Cash payment for Utilities (23,520.00) (24,225.60) (24,952.37) (25,700.94) (26,471.97)
Cash payment to Permits and Licenses (6,830.00) (4,300.00) (4,300.00) (4,300.00) (4,300.00)
Cash payment to Store Supplies (11,831.00) (12,135.66) (12,549.78) (12,919.67) (13,410.66)
Cash payment for Advertising (1,260.00) (1,260.00) (1,260.00) (1,260.00) (1,260.00)
Cash payment for Other Overhead (10,200.00) (10,506.00) (10,821.18) (11,145.82) (11,480.19)
Net Cash from Operating Activities 124,834.12 143,535.95 149,792.62 156,293.64 162,879.69
Cash Flow from Investing Activities
Acquisition of Tools (4,103.88) - - - -
Acquisition of Equipment (8,919.00) - - - -
Acquisition of Buildings (23,884.00)
Acquisition of Furnitures & Fixtures (3,819.50) - - - -
Net Cash from Investing Activities (40,726.38) - - -
Cash Flow from Financing Activities
Owner's Investment 90,000.00 - - - -
Owner's Withdrawal (30,000.00) (36,000.00) (42,000.00) (48,000.00) (54,000.00)
Net Cash from Financing Activities 60,000.00 (36,000.00) (42,000.00) (48,000.00) (54,000.00)
NET INCREASE IN CASH ₱ 144,107.74 ₱ 107,535.95 ₱ 107,792.62 ₱ 108,293.64 ₱ 108,879.69
CASH BALANCE, BEGINNING ₱ - ₱ 144,107.74 ₱ 251,643.69 ₱ 359,436.32 ₱ 467,729.96
CASH BALANCE, ENDING ₱ 144,107.74 ₱ 251,643.69 ₱ 359,436.32 ₱ 467,729.96 ₱ 576,609.65
QUEZON, PHILIPPINES
Table 31
Vettyballs’ Statement of Financial Position

Vettyballs
STATEMENT OF FINANCIAL POSITION
For the year Ended, December 31 NOTE 2023 2024 2025 2026 2027
ASSETS
Current assets
Cash ₱ 144,107.74 ₱ 251,643.69 ₱ 359,436.32 ₱ 467,729.96 ₱ 576,609.65
Prepaid Rent ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00
Total Current Assets ₱ 154,107.74 ₱ 261,643.69 ₱ 369,436.32 ₱ 477,729.96 ₱ 586,609.65
Non-Current Assets
Property, Plant and Equipment 12 ₱ 40,726.38 ₱ 38,257.70 ₱ 35,789.03 ₱ 33,320.35 ₱ 30,851.68
Total Non-current Assets ₱ 40,726.38 ₱ 38,257.70 ₱ 35,789.03 ₱ 33,320.35 ₱ 30,851.68
TOTAL ASSETS ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
LIABILITIES AND OWNER` EQUITY
Liabitilities
TOTAL LIABILITIES ₱ - ₱ - ₱ - ₱ - ₱ -
Owner`s Equity
Total Owner`s Equity ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
TOTAL LIABILITIES AND ASSETS ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
Table 32
Vettyballs’ notes of Property, Plant, and Equipment

Vettyballs
NOTE 12: Property, Plant and Equipment
2023 2024 2025 2026 2027
Furniture & Fixtures ₱ 3,819.50 ₱ 3,819.50 ₱ 3,053.50 ₱ 2,287.50 ₱ 1,521.50
Less: Accumulated Depreciation ₱ - ₱ 766.00 ₱ 766.00 ₱ 766.00 ₱ 766.00
Total ₱ - ₱ 3,053.50 ₱ 2,287.50 ₱ 1,521.50 ₱ 755.50
Equipment ₱ 8,919.00 ₱ 8,919.00 ₱ 8,137.10 ₱ 7,355.20 ₱ 6,573.30
Total ₱ - ₱ 8,137.10 ₱ 7,355.20 ₱ 6,573.30 ₱ 5,791.40
Kitchen Tools ₱ 4,103.88 ₱ 4,103.88 ₱ 3,183.10 ₱ 2,262.33 ₱ 1,341.55
Total ₱ - ₱ 3,183.10 ₱ 2,262.33 ₱ 1,341.55 ₱ 420.78
Buildings ₱ 23,884.00 ₱ 23,884.00 ₱ 23,884.00 ₱ 23,884.00 ₱ 23,884.00
TOTAL ₱ 40,726.38 ₱ 38,257.70 ₱ 35,789.03 ₱ 33,320.35 ₱ 30,851.68
12.1: Equipment Unit Cost

Refrigerator 1 ₱ 5,225.00
Deep Fryer 1 ₱ 1,299.00
Gas Stove 1 ₱ 1,295.00
12.2: Safety Equipment
Fire Extuingisher 1 ₱ 1,100.00
TOTAL ₱ 8,919.00
QUEZON, PHILIPPINES
12.3: Furnitures and Fixtures Unit Cost

Chair 2 ₱ 829.50
Electric Fan 1 ₱ 949.00
Wall Clock 1 ₱ 142.00
Sink 1 ₱ 1,899.00
TOTAL ₱ 3,819.50
12.3: Cleaning Tools Unit Cost
Dustpan and Broom 1 ₱ 103.00
Trash Can 2 179.00
Cleaning Cloth 8 40.00
TOTAL ₱ 322.00
12.4: Kitchen Tools
Bowls 10 ₱ 350.00
Knives 1 set 165.00
Chopping Board 2 120.00
Peeler 4 160.00
Spatula 1 459.00
Grater 2 190.00
Sauce Pan 2 752.00
Glass Condiments Container 1 139.00
Storage Container 4 436.00
Tissue Holder 1 93.00
Strainer 2 398.00
Colander 2 519.88
TOTAL ₱ 4,103.88
12.4: Buildings Unit Cost

Plywood 10 ₱ 9,000.00
Coco Lumber 10 1,800.00
Drill & Drill Bits 2 5,288.00
Hammer 3 747.00
Nails 2kg 180.00
Spring Door Hinge 6 420.00
Door 1 3,188.00
Door Handle 1 1,989.00
Green Paint 2 Gallon 400.00
Brown Paint 2 Gallon 400.00
Paint Roller 2 170.00
Switch 1 98.00
Fluorescent Lamp 1 204.00
TOTAL ₱ 23,884.00
QUEZON, PHILIPPINES
Table 33
Vettyballs’ Statement of Comprehensive Income Vertical Analysis

Vettyballs
Income Statement Vertical Analysis
% % % % %
Sales 100 100 100 100 100
Cost of Sales 58.93 58.93 58.93 58.93 58.93
Gross Profit 41.07 41.07 41.07 41.07 41.07
Salaries expenses 12.50 12.50 12.50 12.50 12.50
Benefits Expenses 0.13 0.21 0.21 0.20 0.19
Permits & Licenses 0.78 1.16 1.13 1.10 1.06
Supplies Expenses 1.35 1.35 1.35 1.35 1.36
Utilities Expenses 2.69 2.69 2.69 2.69 2.69
Advertising Expense 0.14 0.14 0.14 0.13 0.13
Rent Expenses 6.87 6.67 6.47 6.29 6.10
Depreciation Expenses - 0.47 0.45 0.44 0.43
Other Overhead Expenses 1.17 1.17 1.17 1.17 1.17
Total Operating Expense 25.64 25.39 25.18 24.96 24.76
Net Income 15.43 15.68 15.90 16.11 16.31
Table 34
Vettyballs’ Statement of Financial Position Vertical Analysis
Vettyballs
Statement of Financial Position Vertical Analysis
For the year Ended, December 31 2023 2024 2025 2026 2027
ASSETS % % % % %
Current assets
Cash 73.96 83.91 88.70 91.52 93.38
Prepaid Rent 5.13 3.33 2.47 1.96 1.62
Total Current Assets 79.10 87.24 91.17 93.48 95.00
Non-Current Assets
Property, Plant and Equipment 20.90 12.76 8.83 6.52 5.00
Total Non-current Assets 20.90 12.76 8.83 6.52 5.00
TOTAL ASSETS 100 100 100 100 100
Liabitilities 0 0 0 0 0
TOTAL LIABILITIES 0 0 0 0 0
Owner`s Equity
Total Owner`s Equity 100 100 100 100 100
TOTAL LIABILITIES AND ASSETS 100 100 100 100 100
QUEZON, PHILIPPINES
Table 35
Vettyballs’ Statement Comprehensive Income Horizontal Analysis

VETTYBALLS
Statement of Income Statement Horizontal Analysis
2023 2024 inc/dec % 2024 2025 inc/dec %
Sales ₱ 873,600.00 ₱ 899,808.00 26,208 3.00 ₱ 899,808.00 ₱ 926,802.24 ₱ 26,994.24 2.90
Less: Cost of Sales ₱ 514,796.88 ₱ 530,240.79 15,444 3.00 ₱ 530,240.79 ₱ 546,148.01 ₱ 15,907.22 2.99
Gross Profit ₱ 358,803.12 ₱ 369,567.21 10,764 2.99 ₱ 369,567.21 ₱ 380,654.23 ₱ 11,087.02 3.00
Salaries expenses $ 109,200.00 ₱ 112,476.00 3,276 3 ₱ 112,476.00 ₱ 115,850.28 ₱ 3,374.28 2.99
Benefits Expenses 1,128 ₱ 1,128.00 0 0 ₱ 1,128.00 ₱ 1,128.00 ₱ - 0.00
Permits & Licenses 6,830 ₱ 4,300.00 -2,530 -37.04 ₱ 4,300.00 ₱ 4,300.00 ₱ - 0.00
Supplies Expenses 11,931 ₱ 12,135.66 205 -6.15 ₱ 12,135.66 ₱ 12,549.78 ₱ 414.12 3.41
Utilities Expenses 23,520 ₱ 24,225.60 706 3 ₱ 24,225.60 ₱ 24,952.37 ₱ 726.77 3.00
Advertising Expense 1,260 ₱ 1,260.00 0 0 ₱ 1,260.00 ₱ 1,260.00 ₱ - 0.00
Rent Expenses 60,000 ₱ 60,000.00 0 0 ₱ 60,000.00 ₱ 60,000.00 ₱ - 0.00
Depreciation Expenses 0 ₱ 2,468.68 2,469 0 ₱ 2,468.68 ₱ 2,468.68 ₱ - 0.00
Other Overhead Expenses 10,200 ₱ 10,506.00 306 3 ₱ 10,506.00 ₱ 10,821.18 ₱ 315.18 3.00
Total Operating Expense 223,969.00 ₱ 228,499.94 4,531 11.52 ₱ 228,499.94 ₱ 233,330.28 ₱ 4,830.34 2.11
Net Income 134,834.12 ₱ 141,067.28 6,233 5.48 ₱ 141,067.28 ₱ 147,323.95 ₱ 6,256.67 4.43
2025 2026 inc/dec % 2026 2027 inc/dec %

Sales ₱ 926,802.24 ₱ 954,606.31 ₱ 27,804.07 3 ₱ 954,606.31 ₱ 983,244.50 ₱ 28,638.19 3.00
Less: Cost of Sales ₱ 546,148.01 ₱ 562,532.45 ₱ 16,384.44 2.99 ₱ 562,532.45 ₱ 579,408.07 ₱ 16,875.62 2.99
Gross Profit ₱ 380,654.23 ₱ 392,073.86 ₱ 11,419.63 3 ₱ 392,073.86 ₱ 403,836.07 ₱ 11,762.21 2.99
Salaries expenses ₱ 115,850.28 ₱ 119,325.79 ₱ 3,475.51 3 ₱ 119,325.79 ₱ 122,905.56 ₱ 3,579.77 2.99
Benefits Expenses ₱ 1,128.00 ₱ 1,128.00 ₱ - 0 ₱ 1,128.00 ₱ 1,128.00 ₱ - 0.00
Permits & Licenses ₱ 4,300.00 ₱ 4,300.00 ₱ - 0 ₱ 4,300.00 ₱ 4,300.00 ₱ - 0.00
Supplies Expenses ₱ 12,549.78 ₱ 12,919.67 ₱ 369.89 2.94 ₱ 12,919.67 ₱ 13,410.66 ₱ 490.99 3.80
Utilities Expenses ₱ 24,952.37 ₱ 25,700.94 ₱ 748.57 2.99 ₱ 25,700.94 ₱ 26,471.97 ₱ 771.03 3.00
Advertising Expense ₱ 1,260.00 ₱ 1,260.00 ₱ - 0 ₱ 1,260.00 ₱ 1,260.00 ₱ - 0.00
Rent Expenses ₱ 60,000.00 ₱ 60,000.00 ₱ - 0 ₱ 60,000.00 ₱ 60,000.00 ₱ - 0.00
Depreciation Expenses ₱ 2,468.68 ₱ 2,468.68 ₱ - 0 ₱ 2,468.68 ₱ 2,468.68 ₱ - 0.00
Other Overhead Expenses ₱ 10,821.18 ₱ 11,145.82 ₱ 324.64 3 ₱ 11,145.82 ₱ 11,480.12 ₱ 334.30 2.99
Total Operating Expense ₱ 233,330.28 ₱ 238,248.89 ₱ 4,918.61 2.1 ₱ 238,248.89 ₱ 243,425.06 ₱ 5,176.17 2.17
Net Income ₱ 147,323.95 ₱ 153,824.96 ₱ 6,501.01 4.41 ₱ 153,824.96 ₱ 160,411.01 ₱ 6,586.05 4.28
Table 36
Vettyballs’ Statement of Financial Position Horizontal Analysis
Vettyballs
STATEMENT OF FINANCIAL POSITION
For the year Ended, December 31 NOTE 2023 2024 2025 2026 2027
ASSETS
Current assets
Cash ₱ 144,107.74 ₱ 251,643.69 ₱ 359,436.32 ₱ 467,729.96 ₱ 576,609.65
Prepaid Rent ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00
Total Current Assets ₱ 154,107.74 ₱ 261,643.69 ₱ 369,436.32 ₱ 477,729.96 ₱ 586,609.65
Non-Current Assets
Property, Plant and Equipment 12 ₱ 40,726.38 ₱ 38,257.70 ₱ 35,789.03 ₱ 33,320.35 ₱ 30,851.68
Total Non-current Assets ₱ 40,726.38 ₱ 38,257.70 ₱ 35,789.03 ₱ 33,320.35 ₱ 30,851.68
TOTAL ASSETS ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
Liabitilities
TOTAL LIABILITIES ₱ - ₱ - ₱ - ₱ - ₱ -
Owner`s Equity
Total Owner`s Equity ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
TOTAL LIABILITIES AND ASSETS ₱ 194,834.12 ₱ 299,901.40 ₱ 405,225.34 ₱ 511,050.31 ₱ 617,461.32
FINANCIAL RATIOS
QUEZON, PHILIPPINES
Liquidity Ratios 2023
A. Working Capital = PHP 154,07.74/ PHP 0=0
B. Current Ratio == PHP 154,07.74/ PHP 0=0
C. Acid Test Ratio =0
D. Accounts Receivables Turnover Ratio =0
E. Average Collection Period = 0
F. Inventory Turnover Ratio =0
G. Average Days in Inventory =0
H. No. Of Days in Operating Cycle =0
Solvency Ratios 2023
A. Debt to Total Assets Ratio = PHP 0/ PHP 193,734.12=-0
B. Debt to Equity Ratio = PHP 0/ PHP 193,734.12=-0
C. Times Interest Earned Ratio=0
Profitability Ratios 2023
A. Gross Profit Ratio = PHP 358,803.12/ PHP 873,600 = 41.07%
B. Profit Margin Ratio = PHP 133,734.12/ PHP 873,600 = 15.3%
C. Operating Expense to Sales Ratio = PHP 225,069/ PHP 873,600 = 25.76%
D. Return on Investment Ratio
D1. Return on Assets = PHP 133,734.12/ PHP 193,734.12 = 69.02%
D2. Return on Equity = PHP 133,734.12/ PHP 193,734.12 = 69.02%
E. Assets Turnover Ratio = PHP 873,600/ PHP 193,734.12 = 4.5%
A. Working Capital = PHP 251,643.69/ PHP 0 = 0
QUEZON, PHILIPPINES
B. Current Ratio = PHP 251,643.69/ PHP 0 = 0
C. Acid Test Ratio = 0
D. Accounts Receivables Turnover Ratio = 0
F. Inventory Turnover Ratio = 0
G. Average Days in Inventory = 0
H. No. Of Days in Operating Cycle = 0
A. Debt to Total Assets Ratio = PHP 0/ PHP 251,643.69=0

B. Debt to Equity Ratio = = PHP 0/ PHP 251,643.69=0
C. Times Interest Earned Ratio = 0
A. Gross Profit Ratio = PHP 369,567.21/ PHP 899,808 = 41.07%
B. Profit Margin Ratio = PHP 141,067.28/ PHP 899,808 = 15.67%
C. Operating Expense to Sales Ratio = PHP 228,499.94/ PHP 899,808 = 25.39%
D1. Return on Assets = PHP 141,067.28 PHP 298,801.40 = 47.21%
D2. Return on Equity = PHP 141,067.28 PHP 298,801.40 = 47.21%
E. Assets Turnover Ratio = PHP 899,808/ PHP 298,801.40 = 3.01%
A.Working Capital = PHP 359,436.32/ PHP 0 = 0
QUEZON, PHILIPPINES
A. Debt to Total Assets Ratio = PHP 0/ PHP 359,436.32 = 0

A. Debt to Equity Ratio = PHP 0/ PHP 359,436.32 = 0
B. Times Interest Earned Ratio= 0
A. Gross Profit Ratio = PHP 380,654.23/ PHP 926,802.24 = 41.07%
B. Profit Margin Ratio = PHP 147,323.95/ PHP 926,802.24 = 15.89%
C. Operating Expense to Sales Ratio = PHP 233,248.89/ PHP 926,802.24 =

25.16%
D1. Return on Assets =PHP 147,323.95/ PHP 404,125.44 = 36.45%
Assets Turnover Ratio = PHP 926,802.24/ PHP 404,125.34 = 2.29%
A. A.Working Capital = PHP 467,729.96/ PHP 0 = 0
C. C Acid Test Ratio = 0
QUEZON, PHILIPPINES
A. Debt to Total Assets Ratio = PHP 0/ PHP 467,729.96 = 0
B. Debt to Equity Ratio = PHP 0/ PHP 467,729.96 = 0
B. Profit Margin Ratio =PHP 153,824.96/ PHP 954,606.31 = 16.11%
C. Operating Expense to Sales Ratio =PHP 238,248.89/ PHP 954,606.31 = 24.95%
E. Assets Turnover Ratio = PHP 954,606.31/ PHP 509,950.31 = 1.87%
A. A.Working Capital = PHP576,609.65/PHP0 =0

B. Current Ratio = PHP576,609.65/PHP0 =0
QUEZON, PHILIPPINES
A. Debt to Total Assets Ratio = PHP 0/PHP PHP576,609.65 =0

B. Debt to Equity Ratio PHP 0/PHP PHP576,609.65 =0
B. Profit Margin Ratio = PHP 160,411.01/ PHP 983,244.50 = 16.31%
C. Operating Expense to Sales Ratio = PHP 243,425.06/ PHP 983,244.50 =

24.75%
D2. Return on Equity PHP 160,411.01/ PHP 616,361.32 = 26.02%
E. Assets Turnover Ratio = PHP 983,244.50/ PHP 616,361.31 = 1.59%
Socio-Economic Benefits
Social Benefits
Vettyballs can be a huge help when it comes with improving the health,
education, environment, and general wellbeing of the community. Vettyballs are a
diet that especially helps those who are undernourished since it contains nutrients.
Through the selling of the company's wholesome food, consumers can understand the
value of healthy eating for our bodies. Small enterprises benefit the neighborhood by
promoting economic development and creating jobs for citizens. The business uses
QUEZON, PHILIPPINES
wooden toothpicks and paper packaging to use less plastic and to improve the
environment.
Economic Benefits
Vettyballs have an impact on the economic growth of the community. As stated
by Kimberly Amadeo, "Without small businesses, the economy won't grow". With
this kind of small business, the number of unemployed individuals will decrease
because of the job opportunities that Vettyballs has provided. In addition, with the
serious matter of the Philippines, according to the World Bank (2021), which is
malnutrition, vettyballs are made according on this matter to face the problem that the
nation faces.
Government Benefits
The business establishment will secure and pay business permits, licenses and
other taxes from the local government that will contribute to government income.
Although this business will help the government's initiative to promote nutritious
eating among the general population, there are additional alternatives. The
government additionally aids new businesses thrive and gives money to business
entrepreneurs.
Other Socio-economic Concerns
QUEZON, PHILIPPINES
Further benefits of the Vettyballs include encouraging people to eat more food
with a healthy foundation. In addition, it provides employment possibilities, fullfills
with legislation, and generates income
SUMMARY, CONCLUSIONS, AND RECOMMENDATION
Summary
The proposed business will be called "Vettyballs" The researchers thought of
something nutritious version of meatballs that came up with the idea of the name of
the product. The researchers used the term "vet" from vegetables, "ty" from meaty,
and "balls" due to its spherical shape, to generate the name of the business.
Vattyballs offers 4 different kinds of vegetables, namely egg plant, potato, carrots,
and squash, and 4 different flavors of sauce, which are barbecue, cheese, creamy
QUEZON, PHILIPPINES
white sauce, and sweet chili sauce. The business will be located at Central Plaza in
Brgy. Poblacion, Candelaria, Quezon, specifically inside the LDB Storehouse. The
chosen location is perfect because of the numerous target customers who pass by.
The total fund of Vettyballs is PHP 150,000.00, which will individually come from
six owners of the business. It is assured that it will be used to cover all of the
expense of the business.
Market acceptance for the business is very high; 149 out of 150 individuals
are willing to try and avail themselves of the product. Vettyballs has a substantial
advantage compared to its rivals as it offers wholesome food at a reasonable cost that
customers can afford and that can eventually meet the price of the expenses allotted
to the firm and its net profit. This suggests that Vettyballs will eventually thrive once
they are on the market and have a tremendous possibility of attracting customers.
Conclusion
This study will be contracting a food stall in order to support the food
production industry's innovation and to satisfy each person's needs. Vettyballs is a
stall selling food that supports the local food in order to increase local farmers' sales
of the veggies they use in their products. The product is a nutritious snack that is
sure to be enjoyable. Reliable vendors will supply the materials and other resources
needed for the foods. The funds that were made will be put toward the stall's
operating expenses, which include payment for electrical energy, equipment updates,
and the purchase of materials needed for the manufacture of the specified product.
Now the time has come to develop and recognize the top achievers. The feasibility
study uses plans and strategies for creating solutions that reduce risk in the
QUEZON, PHILIPPINES
manufacturing sector while also presenting chances for enhanced business
performance in the building sector. The feasibility study process for a new social
organization in the food industry sector is covered in detail in this article. This
project, which includes an individual's study of the possibility of a career as an
entrepreneur, is an aspect of the Entrepreneurship and Research Project. The
feasibility study shows that the business idea has potential, but it should only
proceed under the accurate conditions suggested by thorough investigation,
assessment, and forecasting.
Recommendations
Capital is not all that matters in business. Understanding how to handle issues
and consider the best possible solution is essential to providing quality. And in order
to grow your organization, you need a lot of proposals. Recognizing that the more
problems you solve, the more benefit and money you will receive. You must be
willing to help others and the community in order to think of an excellent item to
make. The company will succeed once you embrace addressing issues.
REFERENCES
Author, G. (2022, May 8). Filipino Snacks You Must Try on Your Trip to the
Philippines! South East Asia Backpacker.
https://southeastasiabackpacker.com/filipino-snacks/
Descriptive Research Designs: Types, Examples & Methods. (2020, January).
Formplus Blog. https://www.formpl.us/blog/descriptive-research
QUEZON, PHILIPPINES
Ell, C. (2019, November 29). Are Meatballs Good for You?
LIVESTRONG.COM. https://www.livestrong.com/article/440954-are-
meatballs-good-for-you/
Hassan, M. (2022, October 25). Descriptive Research Design - Types, Methods.
Research Method. https://researchmethod.net/descriptive-research-design/
Katy Salter, guardian.co.uk. (2013, August 1). Meatballs - the Global Favourite.
NDTV Food. https://food.ndtv.com/opinions/meatballs-the-global-
favourite-693637
Malnutrition. (2018, August 27). https://www.who.int/westernpacific/health-
topics/malnutrition
Malnutrition in Children: Causes, Prevention, Treatments. (n.d.). UNILAB.
Retrieved November 21, 2022, from
https://www.unilab.com.ph/articles/malnutrition-in-children-causes-
prevention-treatment
McCombes, S. (2022, October 10). Descriptive Research Design | Definition,

Methods & Examples. Scribbr.
https://www.scribbr.co.uk/research-methods/descriptive-research-design/
Survey Descriptive Research: Design & Examples. (2022, November 2).

SurveyPlanet. https://blog.surveyplanet.com/survey-descriptive-research-
method-design-and-examples
QUEZON, PHILIPPINES
Vettyballs’ expected expenses and future earnings will be calculated using
the calculations that are provided below.
a. Demand
Projected Demand = (N x r of demand) x highest f of availing management
sailing
b. Supply
QUEZON, PHILIPPINES
Supply of Competitor A = Total Market Share of Competitors x Market Share
of Competitors
Projected Supply = Total Supply of Competitors
c. Supply & Demand Analysis Gap
Gap = Projected Demand – Projected Supply
Gap% = Gap / Projected Demand
d. Projected Demand & Supply
Projected Population = Previous Population (1+ Growth Rate)
e. Market Shares
Total Sales of the Company / Total Sales of the Market x 100
f. Pricing Strategy ( Cost Plus Pricing )
Selling Price = Cost Price/ (1 - Gross Margin %)
g. Promotion
= No. of Promotions / No. Of Eligible Employees for Promotion
h. Ratios
1. Liquidity Ratio
Working Capital = Current Assets – Current Liabilities
Current Ratio = Current Assets / Current Liabilities
Acid Test Ratio = Quick Assets / Current Liabilities
Accounts Receivable Turnover = Net Sales / Average Account Receivables
Average Collection Period = 365 days / Account Receivable Turnover
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Average Days in Inventory = 365 days / Inventory Turnover Ratio
No. of Days in Operating Cycle = Ave. Collection Period + Average Age in
Inventory
QUEZON, PHILIPPINES
2. Solvency Ratio
Debt to Total Assets Ratio = Total Liabilities / Total Assets
Debt to Equity Ratio = Total Liabilities / Total Shareholders’ Equity
Time Interest Earned Ratio = Earnings before Interest and Taxes / Interest Expense
3. Profitability Ratio
Gross Profit Ratio = Gross Profit / Net Sales
Profit Margin Ratio = Net Income after Tax / Net Sales
Operating Expense to Sales Profit = Operating Expenses / Net Sales
Return on Investment Ratio
Return Assets = Profit / Average Total Assets
Return on Equity = Profit / Average Stockholders’ Equity
Asset Turnover Ratio = Net Sales / Average Total Assets
QUEZON, PHILIPPINES
Building Structures
List of building materials that will be used to build the stall of the business.
MATERIALS QUANTITY COST TOTAL
Plywood 10 pcs PHP 900 PHP 9,000
Coco Lumber 10 pcs PHP 180 PHP 1,800
(2 x 3 x 12)
Drill & Drill Bits 2 pcs PHP 2, 644 PHP 5,288
Hammer 3 pcs PHP 249 PHP 747
QUEZON, PHILIPPINES
Nails 2 kg PHP 90 PHP 180
Spring Door Hinge
Php 140 for 2

6 pcs PHP 420
pcs
Door
PHP 3, 188
1 pcs PHP 3, 188
Door Handle
1 pcs Php 1, 989 PHP 1, 989
QUEZON, PHILIPPINES
Green Paint
2 Gallon PHP 200 PHP 400
Brown Paint
2 Gallon PHP 200 PHP 400
Paint Roller
2 pcs Php 85 PHP 170
QUEZON, PHILIPPINES
Switch
1 set PHP 98 PHP 98
Fluorescent Lamp
1 pcs PHP 204 PHP 204
TOTAL COST PHP 23,884

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MANUEL S. ENVERGA UNIVERSITY FOUNDATION-CANDELARIA, INC.

A Feasibility Study submitted to the Faculty Members of

In partial fulfillment of the requirements for the

DINGLASAN, JOHN PAUL V.

BINAMIRA, MA. ANGELA FRANCINE B.

OJO, CHARISSE TRIXIE D.

SIBUC, NEL SHANIA D.

CHAPTER 1 - PROJECT SUMMARY 9

Name of the Business 9

Description of the Business 10

Location of the Business 11

Brief Background of the Study 14

Vision, Mission, and Goals 15

Objectives of the Study 15

Operational Definition of Terms 16

CHAPTER 3 RESEARCH METHODS 17

Data Gathering Procedure 21

Market Product Description 26

Demand – Supply Analysis 28

Market Share Analysis 30

Product Technical Description 37

Production Cost Requirement 40

Machinery, Equipment, and Tools 47

Cost of Capital Expenditures 62

Nature of the Business 63

Financial Statement Analysis 75

CHAPTER 5 – CONCLUSION AND RECOMMENDATION 84

Table 2: Analysis of the Direct and Indirect Competitors of the Vettyballs 25

Table 3: Demographic Segmentation of Target Market in terms of Age 26

Table 4: Historical Demand 27

Table 5: Projected Demand based on the Arithmetic Straight Line Method 27

Table 6: Projected Supply based on the Arithmetic Straight Line Method 28

Table 7: Supply and demand analysis gap 29

Table 8: Projected Demand and Sales

Table 9: Vettyballs’ Market Shares Analysis 30

Table 10: Quantity of balls that are sold per day 32

Table 11: Daily cost of production on a of operation 32

Table 12: Production Schedule of the Business 40

Table 13: List of Raw Materials 40

Table 15: Packing that are needed for the business 44

Table 16: Direct Labor Requirements of the business 45

Table 17: Utilities and Other Overhead Requirements of the business 46

Table 18: List of Kitchen Tools of the business 47

Table 19: List of the Cleaning Tools of the business 50

Table 20: List of equipment of the business 51

Table 21: List of supplies of the business 52

Table 22: List of the furnitures and fixtures of the business 55

Table 27: Vettyballs’ Source of Financing 63

Table 28: Vettyballs’ Statement of Comprehensive Income 63

Table 29: Vettyballs’ notes for Statement of Comprehensive Income 63

Table 30: Vettyballs’ Statement of Cash Flows 66

Table 31: Vettyballs’ Statement of Financial Position 67

Table 32: Vettyballs’ notes of Property, Plant, and Equipment 67

Table 33: Vettyballs’ Statement of Comprehensive Income Vertical Analysis 69

Table 36: Vettyballs’ Statement of Financial Position Horizontal Analysis 70

Figure 1: Vettyballs’ Logo 9

Figure 2: Google Map Of The Business’ Exact Location 11