Scribd Logo
Upload

Welcome to Scribd!

  • 8 views

    Malunggay Seafood Empanada Income Statement

    Uploaded by

    Mel Jilsen Cerna
    The document is a forecasted statement of comprehensive income for Malunggay Seafood Empanada for the years 2025-2029. It projects gross sales, cost of goods sold, gross profit, general and administrative expenses including rent, utilities, salaries, and depreciation. It also projects net income before taxes, income tax expense, and net income for each year, with net income increasing each year from ₱524,320 in 2025 to ₱699,106.04 in 2029.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Malunggay Seafood Empanada Income Statement

    Uploaded by

    Mel Jilsen Cerna
    8 views1 page
    The document is a forecasted statement of comprehensive income for Malunggay Seafood Empanada for the years 2025-2029. It projects gross sales, cost of goods sold, gross profit, general and administrative expenses including rent, utilities, salaries, and depreciation. It also projects net income before taxes, income tax expense, and net income for each year, with net income increasing each year from ₱524,320 in 2025 to ₱699,106.04 in 2029.

    Original Description:

    CFAS

    Original Title

    Malunggay-Seafood-Empanada-Income-Statement

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document is a forecasted statement of comprehensive income for Malunggay Seafood Empanada for the years 2025-2029. It projects gross sales, cost of goods sold, gross profit, general and administrative expenses including rent, utilities, salaries, and depreciation. It also projects net income before taxes, income tax expense, and net income for each year, with net income increasing each year from ₱524,320 in 2025 to ₱699,106.04 in 2029.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    8 views1 page

    Malunggay Seafood Empanada Income Statement

    Uploaded by

    Mel Jilsen Cerna
    The document is a forecasted statement of comprehensive income for Malunggay Seafood Empanada for the years 2025-2029. It projects gross sales, cost of goods sold, gross profit, general and administrative expenses including rent, utilities, salaries, and depreciation. It also projects net income before taxes, income tax expense, and net income for each year, with net income increasing each year from ₱524,320 in 2025 to ₱699,106.04 in 2029.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Malunggay Seafood Empanada

    Forecasted Statement of Comprehensive Income


    For the Years 2025 - 2029 Notes 2025 2026 2027 2028 2029

    Gross Sales for the Year 1 ₱ 9,780,000.00 ₱ 10,073,400.00 ₱ 10,476,336.00 ₱ 11,000,152.80 ₱ 11,660,161.97
    Cost of Goods Sold 2 ₱ 7,795,200.00 ₱ 8,029,056.00 ₱ 8,350,218.24 ₱ 8,767,729.15 ₱ 9,293,792.90
    Gross Profit ₱ 1,984,800.00 ₱ 2,044,344.00 ₱ 2,126,117.76 ₱ 2,232,423.65 ₱ 2,366,369.07

    General and Administrative Expenses


    Rent Expense 3 ₱ 360,000.00 ₱ 360,000.00 ₱ 360,000.00 ₱ 360,000.00 ₱ 360,000.00
    Utilities Expense 4 ₱ 51,600.00 ₱ 52,632.00 ₱ 54,210.96 ₱ 55,837.29 ₱ 58,629.15
    Licensing Expense ₱ 2,500.00 ₱ 2,500.00 ₱ 2,500.00 ₱ 2,500.00 ₱ 2,500.00
    Advertising Expense ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00
    Salaries Expense 5 ₱ 704,600.00 ₱ 737,504.82 ₱ 786,696.39 ₱ 803,767.70 ₱ 868,069.12
    Government Contribution Expenses 6 ₱ 90,720.00 ₱ 90,720.00 ₱ 90,720.00 ₱ 90,720.00 ₱ 90,720.00
    Transportation Expense ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00
    Renovation Expense ₱ 30,000.00 ₱ - ₱ - ₱ - ₱ -
    Repairs and Maintenance ₱ 30,000.00 ₱ 31,500.00 ₱ 34,020.00 ₱ 34,020.00 ₱ 37,422.00
    Miscellaneous Expense ₱ 10,000.00 ₱ 10,300.00 ₱ 10,712.00 ₱ 11,247.60 ₱ 12,147.41
    Depreciation Expense - Electronic Stove 7 ₱ 383.33 ₱ 383.33 ₱ 383.33 ₱ - ₱ -
    Depreciation Expense - Glass Food Warmer 7 ₱ 640.00 ₱ 640.00 ₱ 640.00 ₱ 640.00 ₱ 640.00
    Depreciation Expense - Mini Refrigerator 7 ₱ 1,100.00 ₱ 1,100.00 ₱ 1,100.00 ₱ 1,100.00 ₱ 1,100.00
    Depreciation Expense - Chairs 7 ₱ 373.33 ₱ 373.33 ₱ 373.33 ₱ - ₱ -
    Depreciation Expense - Table 7 ₱ 150.00 ₱ 150.00 ₱ 150.00 ₱ - ₱ -
    Depreciation Expense - Electronic Cash Drawer 7 ₱ 640.00 ₱ 640.00 ₱ 640.00 ₱ - ₱ -
    Total General and Administraive Expenses ₱ 1,285,706.67 ₱ 1,291,443.49 ₱ 1,345,146.02 ₱ 1,362,832.59 ₱ 1,434,227.68

    Net Income Before Taxes ₱ 699,093.33 ₱ 752,900.51 ₱ 780,971.74 ₱ 869,591.06 ₱ 932,141.39


    Income Tax Expense 8 ₱ 174,773.33 ₱ 188,225.13 ₱ 195,242.94 ₱ 217,397.76 ₱ 233,035.35
    Net Income for the Year ₱ 524,320.00 ₱ 564,675.38 ₱ 585,728.81 ₱ 652,193.29 ₱ 699,106.04

    You might also like