Bestee Final

NATIONAL COLLEGE OF SCIENCE AND TECHNOLOGY
Amafel Bldg. Aguinaldo Highway, Dasmarinas, Cavite

BUSINESS DEPARTMENT
BESTEE
A Feasibility Study Presented to the
Faculty of Business Department of
National College of Science & Technology
In Partial Fulfillment
of the Requirements for the Degree of
Bachelor of Science in Accountancy
By:
Ame, Patricia Anne Rose A.
Igot, Elaiza Marie B.
Montalan, Eloisa V.
Salidaga, Liezel C.
2021
I
BUSINESS DEPARTMENT
APPROVAL SHEET
In partial fulfillment of the requirements for the degree of Bachelor of Science
in Accountancy, this feasibility study entitled BESTEE has been prepared by Ame,
Patricia Anne Rose A , Igot Elaiza Marie B , Montalan Eloisa V, Salidaga Liezel C.,
who are hereby recommended for Oral Examination.
Mr. Fredelino C. Lomeda, CPA
Thesis Adviser
PANELS OF EXAMINERS
Approved by the Committee on Oral Examination with a grade of __________.
Mr. Remelito P. Gumban, CPA Mr. Matt Ysrael Vicedo
Course Adviser Panel Member
Mrs. Rosalia C. De Guzman, CPA
Cluster Head, Business Department
II
BUSINESS DEPARTMENT
ACKNOWLEDGEMENT
The completion of this thesis would not have been possible without the
participation and assistance of a significant number of people, the names of whom
cannot all be listed. Their contributions are greatly appreciated and acknowledged.
However, the researchers would like to express their heartfelt gratitude and
indebtedness to the following individuals:
First, they would like to thank the Almighty God for providing them with the
strength, talent, and wisdom to complete this study. Then their families, who
continues to be there for them at every step of the way. Thank you for your
patience.
To their thesis adviser, Mr. Fredelino C. Lomeda, CPA, for his assistance,
advice, guidance, valuable comments, suggestions, and provisions that greatly
aided the researchers in the completion and success of this study, along with his
unending assistance in finishing this manuscript
To their technical adviser, Mr. Austin A. Legaspi, and their English Critic, Mr.
Jake Bataller, for their time and effort in reviewing this manuscript, as well as their
deep insights for the completion of this study.
To the Cluster Head of the Business Department, Mrs. Rosalia C. De Guzman,
CPA, for her additional assistance, words of encouragement, and time and effort in
reviewing this manuscript.
III
BUSINESS DEPARTMENT
DEDICATION
This feasibility study is lovingly dedicated to the Almighty God, who has been
our greatest inspiration in pursuing this study in order to achieve both our personal
and team goals.
To our professors, thank you for your help and guidance in making this study
a success.
To our respective parents, who have gave us strength when we thought of
giving up, who continually provide their moral, spiritual, emotional and financial
support.
To our cherished families and friends who have shown their love and support
in a variety of ways.
And lastly, to the future researchers who will be benefited from this study.
IV
BUSINESS DEPARTMENT
TABLE OF CONTENTS
Title Page ...................................................................................... I
Approval Sheet .............................................................................. II
Acknowledgment ...........................................................................III
Dedication . ..................................................................................IV
Table of Contents ...........................................................................V
Introduction ................................................................................... 1
Statement of Problem ......................................................................5
Objective of the Study..............................................................................................7
Scope and Limitations..............................................................................................9
Significance of the Study.......................................................................................10
Research Methodology..........................................................................................11
Definition of Terms.................................................................................................14
Chapter I Management Aspect............................................................................15
About the Company...............................................................................................16
Pre-Operating Activities.........................................................................................18
Initial Capitalization................................................................................................21
Start-up Expenditure..............................................................................................22
Form of Business Organization..............................................................................23
Article of Partnership..............................................................................................24
Job Description, Qualifications, and Responsibilities............................................29
Job Orientation.......................................................................................................34
V
BUSINESS DEPARTMENT
Compensation Scheme..........................................................................................37
Company Policies..................................................................................................38
Oraganization Chart ..............................................................................................53
Chapter II Marketing Aspect................................................................................54
Target Market.........................................................................................................57
Market competition.................................................................................................58
Data Analysis........................................................................................................60
Marketing Mix.........................................................................................................64
SWOT Analysis......................................................................................................73
Survey Analysis......................................................................................................75
Chapter III Technical Aspect................................................................................89
Location of the business........................................................................................89
Facilities.................................................................................................................90
Leasehold Improvement Cost................................................................................93
Technology Used....................................................................................................94
Equipment, Furniture, and Supplies......................................................................95
Utilities..................................................................................................................100
Operational Process............................................................................................101
Service Process...................................................................................................103
Manufacturing Process........................................................................................105
Product Costing....................................................................................................109
Business Hours....................................................................................................112
Employee Schedule.............................................................................................112
VI
BUSINESS DEPARTMENT
Uniform and ID.....................................................................................................112
Waste Disposal....................................................................................................114
Chapter IV Financial Aspect..............................................................................115
Financial Assumptions.........................................................................................116
Capital Application................................................................................................117
Business Registration and Other Legal Fees......................................................118
Projected Financial Statements...........................................................................119
Notes to Financial Statements.............................................................................123
Financial Analysis.................................................................................................139
Chapter V Socio-Economic Aspect..................................................................144
Socio-economic Desirability.................................................................................145
Corporate Social Responsibility...........................................................................146
Summary of Findings, Conclusion, and Recommendations..........................149-
Summary of Findings...........................................................................................149
Conclusion...........................................................................................................152
Recommendations...............................................................................................153
References...........................................................................................................154
Appendices............................................................................................................155
Survey Form.........................................................................................................155
Curriculum Vitae...................................................................................................159
VII
INTRODUCTION
BACKGROUND OF THE STUDY
Most people are unaware of the history of the printed t-shirt. Printed t-shirts, on
the other hand, did not appear out of nowhere, they were created through
remarkable technological advances. The garment itself was designed to be a man's
undergarment, to be worn beneath his military uniform or suit. During WWII, soldiers
and sailors would frequently wear nothing but a shirt and their uniform trousers
when off-duty or on warm summer or rough busy days. In the years following the
war, the t-shirt gained popularity as a stand-alone garment among civilians.
Textile printing is much older than t-shirt printing. Woodblock printing is the
oldest and most time-consuming method of textile printing. This technique, which
dates back to the third century China, is based on a relief design carved into a block
of wood, which is then dipped in ink and pressed onto fabric. During the
Renaissance and the Industrial Revolution, other less labor-intensive techniques
were developed. The era of custom t-shirts began in the early 1950s, when several
companies in Miami, Florida began printing the names of local resorts and other
tourist attractions on t-shirts. Screen-printing, the most common method for t-shirt
printing, became popular around the same time.
There are several methods for transferring a design to a shirt. Computer-
printed designs, screen printing, heat transferred images, and painting the shirt itself
Computer printed designs are among the most common on the market today.
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Nowadays, T-shirt printing businesses are almost seen everywhere
and custom t-shirts are used as a form of personal expression, allowing people to
express their political and social views, advocate for causes, or simply entertain
onlookers. T-shirts are also a nearly essential element of most large businesses'
corporate marketing strategy, as they turn customers into "human billboards."
Custom-made t-shirts are now within reach of almost any business, organization, or
club, regardless of size or budget, thanks to advancements in printing technology
and the ease and convenience of online ordering. As a result, it is a profitable
enterprise since T-shirts are a must-have item in everyone's wardrobe. In addition,
according to study, the global demand for custom T-shirt printing is projected to
reach $10 billion by 2025. Also, according to Tees and Prints Philippines, The T-
shirt industry is booming with a proven unlimited amount of income potential. How
much you make depends on how hard you work, that inspires the researchers to
establish the BesTee which provides printing services, with a focus on T-shirt
printing, allowing customers to design their own T-shirts or choose from a variety of
unique sample designs that best suit and reflect their personalities. A Tarpaulin print
is also available in the shop, which can be used for a variety of occasions and
purposes. Its primary goal will be to produce high-quality made-to-order and ready-
made t-shirts that can be worn on a daily basis, for events such as family reunions,
as organizational uniforms, as school uniforms for events such as Intramurals, can
be used for election campaigns and for a variety of other occasions, as well as to
provide excellent printing services that will meet the customers' needs and wants.
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People in today's generation are influenced by social networks and digital
devices, and as a result, they are increasingly dictating what they want, when they
want it, and where they want it. People are particularly critical of and creators of
their own life decisions, as a result, they expect more personalized services and the
ability to shape the products and services they want to consume. According to a
Deloitte market research, more than half of all consumers are interested in
purchasing customized or personalized products or services. In addition, the survey
discovered that 48% of consumers are willing to wait longer for customized products
or services.On the other hand, Invesp has statistics on how online shopping
personalization affects shoppers and how it can increase return on investment.
According to statistics, 59% of online shoppers believe that personalized online
retail stores make it easier to find more interesting products, compared to 56% of
online shoppers who are more likely to return to a site that recommends products..
Through these statistics, it is clearly shown that product customization in a business
does not only benefit business owners, but can also benefit the customers
psychological ownership. Harvard Business Review (HRB) explains that,
businesses that have encouraged psychological ownership to consumers can drive
their personalities to not only buy more products and purchase them at a higher cost
possible, but it can also promote and offer products among their friends and
relatives of their own accord.
At present, the Philippine garments and textile industry is beginning to gear
itself up to regain its reputation as a competitive player in both domestic and
international scenes. The government is conducting more and more strategic
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initiatives, projects, and partnerships with leading manufacturers and important
stakeholders. Today's Philippine garment printing industry is still seen as one with
the most potential to generate jobs needed in the country. Philippine government
agencies are working together to amplify their initiatives to help the industry regain
its momentum.
"The local printing industry is incredibly exciting right now as the quality and
accessibility of technology continues to grow," said Ricoh Philippines President and
CEO Eric Sulit in an interview on August 29, 2019.
Due to the fast-paced improvements in technology as well as a myriad of other
variables, the country's garment and textile exports are expected to grow between
10-20 percent this year as some orders are now being shifted from China to the
Philippines, says DTI.
With these aforementioned advantages of having product customization as a
business, possible risks on building a business can still be discovered. Thus, the
proponents think that it is needed to conduct this study in order to determine
whether there is enough capital to adequately fund the project, to also find whether
the project could create optimal solutions for the sake of the business, and whether
the study can prevent any unprofitable investments.
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STATEMENT OF THE PROBLEM
To ensure the success of this feasibility study, the researchers attempt to look
for answers for the following questions related to the different aspects of the
business operations.
Management Aspect:
 What kind of ownership and organizational structure do the proponents of the
business plan to use?
 What are the qualifications, duties, and responsibilities of the various jobs in
the proposed business?
 What regulations should be implemented to maintain the organization of the
proposed business?
 How will the proposed business be observing and following the policies
implemented?
Marketing Aspect:
 What are the strengths, weaknesses, opportunities and threats of the
business?
 What is the product of the proponents?
 How will the promotional approach be implemented?
Technical Aspect:
 What are the materials that will be used to make the product?
 What are the steps involved in production?

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 What kind of building and facilities are necessary for production?
 What kind of machinery and equipment are needed in the production process?
 What are the utility and garbage disposal plans?
Financial Aspect:
 What assumptions were made in order to generate the projected financial
statements?
 What is the estimated total capital investment requirement and what are the
capital sources?
 How do the financial accounts look after a five-year term of operation?
Socio-economic Aspect:
 What are the potential societal advantages of the proposed business?
 What are the economic implications of the proposed business?
OBJECTIVE OF THE STUDY
In general, the study seeks to demonstrate the feasibility of this research, the
objectives will be based on the guide questions in an attempt to lay the groundwork
for the research study through the lens of the various aspects. The overall goal is to
identify the major issues and the scope of areas that require the proposed analysis..
The researchers are attempting to determine the business's viability in the following
aspects:
Management Aspect
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 Determine the kind of ownership and organizational structure the
business should use.
 Determine the qualifications, duties, and responsibilities of the various
jobs of the business.
 Determine regulations maintaining the organization of the proposed
business.
 Manage the implementation of policies for the proposed business.
Marketing Aspect:
 Analyze what is the strength, weaknesses, opportunities, and threats of the
proposed business.
 Determine what products will the business offer.
 Pre-determine the advertisement tools to be used to market the business.
Technical Aspect:
 Determine the materials needed to produce the products offered by the
business.
 Provide a step by step procedure on how the products are made.
 Determine what kind of building and facilities is needed for the business.
 Pre-determine the machineries and equipment required to run the business.
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 Determine what is method of waste disposal of the business.
Financial Aspect:
 Determine the guidelines needed for making the financial statements.
 Determine the capitalization required and the sources of funding for the
proposed business.
 Determine whether the proposed business will be financially sustainable for
the first five years of operation.
Socio-economic Aspect:
 Determine the proposed firm's contribution to society and the economy, as well
as how it will affect employment, culture, and production.
 Assess the firm's impact on the well-being of the public.
SCOPE AND DELIMITATIONS OF THE STUDY
The purpose of this feasibility study was to determine whether or not the
proposed business "BesTee," a digital t-shirt and tarpaulin printing business, could
be established. It will take place in Paliparan III Dasmariñas City, Cavite, with a total
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of 396 respondents ranging in age from fifteen (15) to sixty-four (64) years old. This
group of people was surveyed in order to determine the level of interest in the
proposed business.
SIGNIFICANCE OF THE STUDY
This study was conducted to know the remarkable effect it has on the
community and society as a whole.
The outcome of the study is essential to the following:
 To Entrepreneurs / future entrepreneurs - this might give them an idea of
what kind of business to venture with and provide them with additional
information on what strategic approach to take when running a business.
 To the Local Government - they will benefit from the taxes that will be
imposed on this business and will help lessen the unemployment rate.
 To Students - this would raise awareness of the feasibility of the study and
encourage them to develop their own ideas and innovative approaches in
future endeavors.
 Future Researchers - the concepts presented may be used as reference data
in new research or to test the validity of other related findings. It will also be
necessary information for a deeper understanding of the subject.
RESEARCH METHODOLOGY
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This section describes the research design, the data gathering techniques
used by the researchers and the data gathering procedures.
Research Design
The study was conducted by utilizing a descriptive research design using
survey questionnaires. The surveys were conducted by providing structured
questionnaires to a number of respondents from Paliparan III Dasmariñas City,
Cavite and were distributed randomly. Descriptive research design is a scientific
method for calculating frequencies, averages, and other statistical data. The
collected data will be compiled and reviewed for proper presentation, analysis, and
interpretation.
Data Gathering Techniques
A researcher-created questionnaire will be used as the research instrument in
this study. The data gathering instrument will be divided into two parts: Part I will
consist of questions for the respondents' socio-demographic profile, and Part II will
consist of close-ended questions to determine the demand for the proposed
business being studied.
Data Gathering Procedures
The proponents will strictly adhere to the following procedures: First, the
researcher will request formal permission to conduct the study in Paliparan III
Dasmariñas City, Cavite. Second, if permission is granted, the researcher will
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personally administer the questionnaires to Paliparan III respondents.
Subsequently, once all of the respondents have completed the questionnaires, the
researcher will retrieve the questionnaires as soon as possible to ensure that
nothing is lost. Lastly, after collecting the questionnaires, the responses will be
tallied, computed, analyzed, and recorded .
Sources and Methods of Collecting Data
1. Primary Data
 Survey Questionnaire
The proponents used the Survey Questionnaire to determine the
insights of their target market as well as to gather important information
for their feasibility study.
 Interview
To assist the study in terms of marketing and financial aspects, the
proponents conducted interviews with their identified competitors within
the location that has the same product/services their business intends
to offer, asking them how many customers they usually have and the
maximum orders they require.
2. Secondary Data
 Feasibility Study, Internet, and Books
The proponents used some feasibility studies from students at various
universities as a guide and reference to those related to the study. The
proponents used the internet to broaden their knowledge in organizing

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the business as well as statistical facts was also gathered via the
internet from the websites of government agencies that provide relevant
information. The proponents also referred to books for additional
information to back up the study's findings.
Statistical Treatment of Data
To interpret the date effectively, the researcher will employ the following
statistical treatment. The Slovins Formula, Percentage, and Weighted Mean are
the tools used to interpret data.
1. Slovins Formula
This will be used to determine the needed number of respondents.
Formula: n =
Where: N = population size
e = margin of error which is 5%
n = sample size
Solution:
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2. Percentage
This will be used to determine the frequency counts and percentage
distribution of personal related variables of the respondents.
Formula:
% is the percentage
F is the Frequency
N is the total number of respondents
100 is a constant value
3. Average Weighted Mean
This will be used to determine the assessment of the respondents with
regards to their personal profiles.
Formula:
X is the weighted mean
F is the frequency
x is the weight of each item
N is the number of cases
DEFINITION OF TERMS
For a better comprehension on this feasibility study, the following definitions of
terms are provided:
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Capital is the amount of money available to pay for business day-to-day
operations and to fund its future growth.
Design - the arrangement of parts, forms, colors, especially as to produce an
artistic unit.
Entrepreneurs - one who organizes, manages, and assumes the risks of a
business or enterprise.
Flyers - a small piece of paper advertising a product or event, which is given
to a lot of people
Leaflets - a printed sheet of paper, sometimes folded, containing information
or advertising and usually distributed free.
Printing - the production of printed matter.
Textile Industry - is primarily concerned with the design, production and
distribution of yarn, cloth and clothing. The raw material may be natural or synthetic
using products of the chemical industry.
Textile Printing - is the process of applying color to fabric in definite patterns
or designs. In properly printed fabrics the colour is bonded with the fibre, so as to
resist washing and friction.
CHAPTER I
MANAGEMENT ASPECT
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Management is an important aspect to consider when starting a business. The
management aspect requires a clear definition of duties and responsibilities, the
flow of authority, and the labor requirements. To accomplish these goals,
management must be able to plan all activities for the company to become a
productive and competitive industry by utilizing human resources, financial
capability, and new technologies.
The overall implementation plan should be addressed in the organization and
management report. This includes a review of the offices and key personnel, as well
as fundamental considerations in the company's formation, ownership structure, and
estimated timeline. BesTee's management consists of proposed techniques and
strategies that will be used to improve the performance of its employees, as
employees or workers play critical roles in any organization in order to achieve the
business objectives and goals. This can be accomplished by hiring and training the
qualified candidates.
The management aspect of this study is to evaluate the efficacy of the
organizational setup as well as the credentials of the people who will make up the
organization. This factor will determine the progress of the project analysis.
BUSINESS NAME
The proponents named their business "BesTee" because they will provide the
best tees for their customers that suit and reflect their personalities as individuals,
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and it sounds like the word "bestie" because they want to be a friendly company
that offers affordable but high-quality products and services to their customers.
ADDRESS
The business will be located at Melleros Building in Paliparan III Dasmariñas
City, Cavite. Since the proposed business location is along the main road in
Paliparan and near the school grounds of Pintong Gubat Elementary School, they
anticipate that many people and vehicles will pass by, providing them with the
opportunity to gain more potential customers.
LOGO
Figure 1: Business Logo

The illustration above portrays Bestee's company logo. According to
psychology, a square logo represents positive ideas and feelings, trustworthiness,
consistency, stability, and a sense of order, all of which we believe are excellent and
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necessary for a company's growth. Vertical lines are used to convey a sense of
professional dependability and efficiency. As all of the partners are female, the floral
design is used to represent feminism. The colors used are light yellow and green
because it represents that our company would not only be profit-oriented but also
environmentally responsible. Lastly, our tagline states clearly that we will fulfill the
desires of our valued clients by providing them with the best that we have to offer.
MISSION
Our mission is to manufacture ready-made and customized t-shirts and make
tarpaulin that can be used for a variety of purposes and occasions by providing
superior design, quality, and value to the consumer. Bestee strives to achieve it by
providing high-quality service and real value to our business partners and
customers.
VISION
BesTee envisions itself as the best provider of T-shirt and Tarpaulin printing
services, as well as to be the leading manufacturer of high-quality ready-made and
customized shirts whose brand will be recognized not only in the Philippines, but
also around the world.
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Gantt chart
The diagram below illustrates the events that have been scheduled over time
leading up to the BesTee, a digital T-shirt and Tarpaulin Printing Shops official
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start of operation.
Figure 1.1: Bestees Gantt Chart
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PRE-OPERATING PERIOD
Project Schedule: Time Allotted:
1. Business Planning October 1- October 31, 2021
During this time, the proponents will conduct research on the proposed
business and assess whether the business is viable. In order to assess the
product's potential, the proponents will collect data using a variety of instruments
and methodologies, including surveys, interviews, and material from legitimate
websites, books, journals, and other sources of essential information.
2. Putting Initial Investment October 5 November 4, 2021
Capitalization is essential in the establishment of a business because the
business will not exist without it. The proposed business' finances must be carefully
considered during this time. The proponents will contribute money based on their
individual contributions, and enough time will be given to finish the amount required
to run the business.
3. Registration of the Business October 20 November 9, 2021
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All legal procedures and regulations for the establishment of the business
must be completed during this time. Obtaining approvals from the Municipal or City
Government, the Bureau of Internal Revenue (BIR), the Department of Trade and
Industry (DTI), and the Department of Labor and Employment (DOLE).
4. Acquiring and Remodeling Facility November 3 28, 2021
The proposed business will be located in Melleros Building in Paliparan III
Dasmariñas City, Cavite. The area will be used to store, distribute, and process
goods and supplies primarily related to output production.
5. Acquiring of Machines and Equipment November 10 24, 2021
During this time, the proponents will begin canvassing and acquiring
machineries and equipment for the product's manufacturing and distribution.
6. Purchasing of Supplies and other Inventory November 10 22, 2021
During this time, the proponents will begin canvassing and acquiring supplies
and other inventories required for the product's manufacturing and distribution.
Searching for suppliers is also taken into account to avoid negative fluctuations in
the pricing of materials required.
7. Hiring and Training of Employees November 28 December 12, 2021
During this time, qualified applicants will be chosen. When an employee is
qualified, he or she will be given orientation to help them learn about the business.
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8. Promotional Campaign December 25 31, 2021
Because the company's launch is approaching, this is the ideal time to
recommend the product. Having enough time to notify people about the product by
handing out brochures or flyers, posting on social media platforms and blogs, and
informing the public verbally can help businesses gain awareness. The proponents'
goal is to make the product well-known so that people will recognize it.
9. Start of the Business Operation January 1, 2022 onwards
After all of the necessary conditions have been met, the business will start
operations. Continuous product promotion is still required, as is meeting consumer
expectations to ensure customer satisfaction.
Initial Capitalization:
The initial capitalization of BesTee is one million one hundred thousand pesos
(₱1,100,000) which will be provided by four (4) partners with an initial capital
contribution of two hundred seventy five thousand pesos (₱ 275,000) each.
Sources of Fund Amount of Contribution
Ame, Patricia Anne Rose ₱ 275,000.00
Igot, Elaiza Marie B. ₱ 275,000.00
Montalan, Eloisa V. ₱ 275,000.00
Salidaga, Liezel C. ₱ 275,000.00
Total ₱ 1,100,000.00
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Start-up Expenditure (Budget):
These are the key areas where they will be spending their start-capital on.
BESTEE'S SCHEDULE OF CAPITAL APPLICATION
PRE-OPERATING EXPENSES
Permits, Taxes and Licenses 15,130.00
Utility Expenses 5,399.00
Marketing and Advertising Promotion 10,000.00
Office Supplies 18,278.00
Maintenance Supplies 3,876.00
Start-up Inventories 66,964.00 119,647.00
CAPITAL EXPENDITURES
Machineries 326,500.00
Building/Leasehold Improvements 55,000.00
Furniture, Fixture and Equipment 120,079.00 501,579.00
WORKING CAPITAL
Cash on Hand 403,774.00
Prepaid Rent 75,000.00 478,774.00
TOTAL CAPITAL CONTRIBUTION 1,100,000.00

Table 1: Start-up Expenditures
FORM OF BUSINESS ORGANIZATION
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BesTee will be organized as a general partnership. According to Article 1767
of the New Civil Code of the Philippines, a partnership contract binds two or more
people to contribute money, property, or industry to a common fund with the
intention of dividing the profits among themselves.
The proponents chose to organize the proposed firm as a general partnership
for the following reasons:
 It is preferable to have two (or more) heads to one, which is why
BesTee has four (4) partners.
 Creating a partnership is less difficult than creating a corporation.
 Partnerships are governed by the terms agreed upon by the partners.
 Unless one of the partners is designated as the managing partner in the
partnership's articles, management of the partnership is shared by all
partners.
 It is less difficult to start a business and has lower startup costs.
 It is simple to update the legal structure if circumstances change.
ARTICLES OF PARTNERSHIP
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OF
BESTEE
KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned partners, all of legal age, residents and citizens of
the Philippines, have on this day voluntarily associated ourselves together for the
purpose of forming a general partnership under the following terms and conditions
and subject to existing and applicable laws of the Republic of the Philippines:
AND WE HEREBY CERTIFY:
ARTICLE I. Partnership Name: That the name of this partnership shall be
BesTee and shall transact business under the said company name.
ARTICLE II. Business Purpose: That the purpose(s) for which this
partnership is formed is to provide value to customers through products and/or
services in exchange for cash or equivalents. The money received should, at the
very least, cover the costs of operating the business.
ARTICLE III. Principal Place of Business: This partnership's principal place
of business will be at Melleros Building in Paliparan III Dasmariñas City, Cavite.
ARTICLE IV. Term of Existence: This partnership shall have a term
of twenty (20) years from and after the original recording of its Articles of
Partnership by the Securities and Exchange Commission.
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ARTICLE V. Partners Circumstances: That the names, nationalities and
complete residence addresses of the partners are as follows:
Names Nationality Complete Residence Address
Ame, Patricia Anne Rose A Filipino 264, Pasong Buaya 1, Imus Cavite
Igot, Elaiza Marie B. Filipino Blk 39 L 3 Mabuhay Homes 2000
Phase 5 Salawag, Dasma. Cavite
Montalan, Eloisa V. Filipino 539 Bucandala V, Imus Cavite
Salidaga, Liezel C. Filipino F. Dela Cuesta St. Sitio Pintong
Gubat, Pal. III Dasmariñas Cavite
ARTICLE VI. Capital Contributions: That the capital of this Partnership
shall be one million one hundred thousand (₱1,100,000), Philippine pesos,
contributed in cash by the partners, as follows:
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Names Amount Contributed
Ame, Patricia Anne Rose A. ₱ 275,000.00
Igot, Elaiza Marie B. ₱ 275,000.00
Montalan, Eloisa V. ₱275,000.00
Salidaga, Liezel C. ₱ 275,000.00
TOTAL ₱ 1,100,000.00
That no transfer of interest shall be allowed or permitted to be recorded in the
proper books of the partnership if it reduces the ownership of Filipino citizens to less
than the required percentage of capital as provided by existing laws.
ARTICLE VII. Sharing Ratios: The partnership's profits and losses will be
divided and distributed proportionately based on the profit ratio of each partner.
Distirbutions Sharing Ratio

Ame, Patricia Anne Rose A. 24%
Igot, Elaiza Marie B. 24%
Montalan, Eloisa V. 24%
Salidaga, Liezel C. 28%
Total 100%
ARTICLE VIII. Undertaking to Change Name: That the partners undertake
to change the name of this partnership, as herein provided or as amended
thereafter, immediately upon receipt of notice or directive from the Securities and
Exchange Commission that another corporation, partnership or person has acquired
27
a prior right to the use of that name or that the name has been declared as
misleading, deceptive, confusingly similar to a registered name, or contrary to public
morals, good customs or public policy.
ARTICLE IX. Management: That this partnership shall be under Salidaga,
Liezel C. as Managing Partner, who shall be in charge of the management of the
affairs of the company. She has the power to use the partnership name and in
otherwise performing such acts as is necessary and expedient in the management
of the firm and to carry out its lawful purposes.
IN WITNESS WHEREOF, we have hereunto affixed our signature this 26 th day
of October 2021 at Dasmariñas City, Cavite.
_________________________ ________________________
Ame, Patricia Anne Rose A. Igot, Elaiza Marie B.
______________________ _______________________
Montalan, Eloisa V. Salidaga, Liezel C.
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
DASMARIÑAS CITY, CAVITE S.S.
28
BEFORE ME, a Notary Public for and in Dasmariñas City, Cavite, this 26 th
day of October 2021, personally appeared the following persons with their Tax
Identification Number as follows:
Names TIN ID No. Date & Place Issued
Ame, Patricia Anne Rose A. 379-306-337-000 09 / 29 / 2020
Igot, Elaiza Marie B. 102-785-147-000 10 / 21 / 2003
Montalan, Eloisa V. 377-598-498-000 09 / 01 / 2020
Salidaga, Liezel C. 399-273-652-000 08 / 02 / 2021
WITNESS MY HAND AND SEAL, on the date and place above
written.
NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ______;
Series of 2021.
PERSON INVOLVED IN THE MANAGEMENT
BesTee will ensure that they hire people who are qualified, hardworking,
customer-focused, and eager to work to help them build a successful business that
29
will benefit all stakeholders (the owners, workforce, and customers). In light of the
foregoing, they have decided to hire qualified and competent individuals to fill the
following positions:
Job Title: Operations Manager
Job Description: This individual is the operation's leader and is ultimately
accountable for the company's financial success. The function of operations
management is to oversee high-level human resource duties such as attracting
talent, improving organizational processes, and working to improve quality,
productivity, and efficiency.
Qualifications:
 Bachelors degree in operations management, business administration, or
related field.
 2+ yearss proven experience in an operations management position.
 Understanding of general finance and budgeting, including profit and loss,
balance sheet, and cash-flow management.
 Ability to build consensus and relationships among managers, partners, and
employees.
 Excellent communication skills.
Duties and Responsibilities:
30
 Lead, motivate, and support a large team within a time-sensitive and
demanding environment, including setup and implementation of career
development plans for all direct reports and problem resolution.
 Manage timely data collection to update operations metrics to achieve
productivity targets, reduce cost per unit, eliminate errors, and deliver
excellent customer service.
 Partner with cross-functional support teams in improving the proprietary tools
and systems.
 Oversee materials and inventory management.
 Conduct budget reviews and report cost plans to upper management.
 Ensures all legal requirements and procedures are met.
Job Title: Graphic and Layout Artist
Job Description: In charge of the design and layout for T-shirt and Tarpaulin.
Qualifications:
 A bachelor's degree in graphic arts, design, communication, or a related field is
required.
 1 year of graphic design experience.
 Understanding of layouts, graphic fundamentals, typography, print, and web.
 Adobe PhotoShop, Illustrator, Sketch, InDesign, and other graphic design
software knowledge are required.
 Detail-oriented.
31
 In charge of handling client proposals from typesetting to design, print, and
production.
 Collaborating with clients, briefing and advising them on design style, format,
print production, and timeframes.
 Creating ideas, graphics, and layouts for product illustrations, company logos,
and websites.
 In charge of designing T-shirts and Tarpaulins to meet the latest trends.
 Keeping up with the latest design trends, techniques, and printing standards,
as well as staying abreast of the fashion industry's dynamics with a focus on
T-shirts.
 Preparing rough drafts of material based on an agreed-upon brief, reviewing
final layouts, and suggesting improvements if necessary.
Job Title: Cashier
Job Description: Receives payments on the organization's behalf and issues
receipts to customers.
Qualifications:
 A high school degree or its equivalent is required.
 1-2 years of retail experience is preferred.
 Communication and customer service abilities that are effective
32
 Positive attitude and friendliness
 Outstanding customer service
 Outstanding communication abilities
 Basic math skills are required
 Paying close attention to detail
 Provides a positive customer experience through fair, friendly, and courteous
service.
 Manage all cash drawer transactions.
 Ensure the completeness and accuracy of all opening, closing, and
intermediate transactions.
 Registers sales on a cash register by scanning items, itemizing, and totaling
customers' purchases.
 Resolves customer issues and provides answers.
 Collects payments by accepting cash, check, or charge payments from
customers and makes change for cash customers.
Job Title: Machine Operator
33
Job Description: They are in charge of transferring the designs from the computer,
printing the shirt, making the Tarpaulin, and packaging the products and will handle
the entire process of producing the best printed shirts and tarpaulin.
Qualifications:
 High school diploma
 Prior experience working in a factory is advantageous.
 Working knowledge of manufacturing machinery.
 Capable of working as part of a team.
 Excellent communication abilities.
 Basic math abilities.
 In charge of moving equipment and raw materials as needed.
 Cleans the interior and exterior of the working area, as well as the machines
and other equipment.
 Handles any other responsibilities delegated by the general / floor manager.
 Working on the production line and meeting production targets.
Organizational Chart
34
Figure 1.3 : Organizational Chart
The proponents created the organizational chart using the Top-Down
Approach. This approach is disseminated under their authority to lower levels of the
hierarchy, who are, to varying degrees, bound by it. The organizational chart above
depicts two (2) levels of management: the chain of command will begin with the
managing partner, who will be assigned and agreed upon by the partners. She is
responsible for the overall performance of the company, and the operations
manager reports to her. The operations manager supervises lower-level positions
such as cashiers, graphic and layout artists, and production workers to ensure that
their tasks are completed correctly and on time.
35
Program for Recruitment and Selection
Figure 1.2 : Program for Recruitment and Selection
Prior to the process of recruiting and selecting employees of the business,
they will post job openings for the general public to be aware of. The following are
the major procedures:
1. Candidate Sourcing Candidate sourcing is the first step in the recruitment
and selection process. It is the process of locating top talent who possesses the
necessary skills, education, and interests to fill unfilled positions in our company.
2. Candidate Screening - All prospective employees' resumes will be scanned
by the company. This will help the company choose applicants based on their
qualifications and personal information provided on the application form.
36
3. Preliminary Interview - During this stage, the company will contact all
applicants who they believe are qualified for the job openings and invite them to
an interview. They will ask applicants to confirm that all of the information they
have written is correct and reliable.
4. Mental Test and Background Check- This is an important step in the hiring
and selection process because it ensures the company that the applicant is a
good citizen with no criminal history and will assist the company in determining
whether the following applicants are literate and in good health. It will also give
them ideas on how to deal with unexpected incidents.
5. Final Interview- The business owner will conduct a final interview with the
applicants who passed the first processes after reviewing all of the required
information. This will reassure applicants that their applications are being
processed and considered by the company.
6. Passing of Legal requirements- Applicants must secure and pass all of the
important documents that the company requires.
7. On-Boarding - Employee onboarding is the process of acquainting new
employees with the surroundings and culture of their respective organizations. The
onboarding process for new employees begins immediately following the
recruitment phase. This will be the final step once an employee is selected.
Applicants who fail at any stage of the recruitment and selection process will
be rejected. On the other hand, once all of the steps in recruiting and selecting
37
workers have been completed, the company will hire the applicants who have made
it to the final stage.
Training and Development Program
Applicants who are hired will be required to attend seminars and training
programs in order to improve their knowledge and skills, as well as to understand
their rights in terms of benefits and compensation.Theye will also provide employee
orientation to ensure that they understand their roles and responsibilities, including
the company's rules and regulations. During their training, they will also be required
to perform their jobs and responsibilities, and even be oriented on how to use the
various machines and equipment that they will be using, so that we can ensure that
they are fully aware of their responsibilities before they begin working.
Benefit, Wages and Incentives
 Social Security System (SSS), Philhealth, and Pag-ibig will be provided to all
company employees.
 The salary will be paid on the 15th and 30th of each month.
 Employees who work on paid holidays such as New Year's Day, All Souls Day,
Holy Friday, and so on will be compensated.
 The 13th month pay will be issued.
Program for Performance Evaluation and Appraisal
38
The company will conduct an evaluation on regular employees, during which
the supervisor will evaluate their performance; the results of the evaluation will be
provided to the employees, indicating the level of their performance and areas for
improvement. This evaluation will serve as the foundation for salary increases and
promotions for regular employees.
Compensation Scheme
Bestee requires both skilled and semi-skilled laborers. Skilled laborers are
required to ensure that machines and equipment are properly handled and that the
production process runs smoothly, while semi-skilled laborers are required to assist
the skilled ones with minor tasks. Employees will be provided with a detailed work
schedule that must be strictly followed. Employee positions, daily rates, basic
monthly salaries, basic annual pay, mandatory deductions, and benefits such as
13th month pay are all listed in the table below:
COMPENSATION SCHEME
MONTHLY
SALARY PHIL MONTHLY 13TH
POSITION (NET) SSS PAG-IBIG HEALTH BASIC MONTH ANNUAL
Operations
Manager 11,007.90 540.00 244.40 427.70 12220.00 12220.00 132094.80
Cashier 8,347.11 817.50 193.96 339.43 9698.00 9698.00 100165.32
Graphic and
Layout Artist 8,347.11 817.50 193.96 339.43 9698.00 9698.00 100165.32
Production
Worker 8,347.11 817.50 193.96 339.43 9698.00 9698.00 100165.32
Production
Worker 8,347.11 817.50 193.96 339.43 9698.00 9698.00 100165.32
TOTAL 44396.34 51012.00 532756.08
Table 1.2: Compensation Scheme
39
COMPANY POLICIES
Company policies and procedures are essentially established to define the
rules of conduct within an organization, outlining the responsibilities of both
employees and employers. Its goal is to protect both workers' rights and employers'
business interests.
 Attendance Policy
The purpose of this policy is to outline Bestee's policy and procedures for
dealing with employee absences and tardiness in order to promote the business
efficiency and minimize unscheduled absences.
Each employee at Bestee is responsible for being on time and on schedule.
Employees are expected to arrive at work on time and prepared to begin work.
Employees are also expected to stay at work for the duration of their shift. Late
arrivals, early departures, and other variations from scheduled hours are
inconvenient and must be avoided.
Absence:
"Absence" is defined as an employee's failure to report for work on the days
and times that he or she is scheduled to work. The following are the two types of
absences:
40
1. Excused absence
It occurs when: (1) the employee gives his or her supervisor at least 48 hours'
notice of his or her absence. (2) The absence request is pre-approved by the
employee's supervisor.
2. Unexcused absence
if any of the aforementioned conditions are not met, unexcused absence
occurs: If an employee must be absent or late for work due to illness or an
emergency, he or she must notify his or her supervisor no later than the employee's
scheduled start time on that same day. If the employee is unable to call, he or she
must have someone call on his or her behalf.
 An unexcused absence counts as one occurrence for the purposes of
discipline under this policy.
 Employees with three or more consecutive days of excused absences
because of illness or injury must give Bestee proof of physician's care and a
fitness for duty release prior to returning to work.
Tardiness and Early Departures:
Employees are expected to arrive on time for work and to return from
scheduled breaks. Employees must notify their supervisor no later than their regular
41
starting time if they are unable to report to work as scheduled. This notification does
not excuse the tardiness; rather, it informs the operation manager that a schedule
change may be required.
 Employees who must leave work before the end of their scheduled shift
must immediately notify a supervisor.
 Tardiness and early departures are both counted as one-half of an
occurrence for the purposes of disciplinary action under this policy.
 Employee Conduct and Work Rules Policy
Bestee has implemented this Employee Conduct and Work Rules Policy to
ensure orderly operations and the best possible working environment. Bestee
expects employees and others hired to provide services, such as temporary
workers, consultants, and independent contractors, to follow these rules of conduct
while on company property, attending company functions, or otherwise performing
work-related activity.
Bestee complies with all applicable federal, state, and local laws and
regulations concerning employer/employee rights and obligations, in addition to
maintaining and enforcing this policy to protect the interests and safety of all
employees and the organization.
Procedures:
Bestee is responsible for providing a safe and secure workplace and strives to
treat all individuals associated with the company with respect and fairness. Though
42
it is impossible to list all forms of unacceptable workplace behavior, the following are
examples of behavior that would be considered violations of Bestee's rules of
conduct. Such behavior may result in disciplinary action, up to and including
dismissal. This is not meant to be an exhaustive list:
1. Theft or inappropriate removal or possession of company property or a
coworker's property.
2. Willful destruction of company property or a coworker's property.
3. Working while under the influence of alcoholic beverages or illegal drugs.
4. Possession, distribution, sale, transfer or use of alcohol or illegal drugs in the
workplace, while on duty or while operating employer-owned vehicles or
equipment.
5. Fighting or threatening violence in the workplace.
6. Sexual or other harassment.
7. Using excessively abusive, threatening or obscene language.
8. Using intimidation tactics and making threats.
9. Sabotaging another's work.
10. Making malicious, false and harmful statements about others.
11. Publicly disclosing another's private information.
12. Possession of dangerous or unauthorized materials, such as explosives or
firearms, in the workplace.
13. Unauthorized disclosure of business "secrets" or confidential information.
14. Falsifying company records or reports, including one's time records or the
time records of another employee.
43
 Dress Code and Appearance Policy
This policy is intended to provide guidance to employees regarding the
required standards of dress and appearance. Employees must maintain an
appropriate standard of dress and personal appearance at work, as well as conduct
themselves professionally at all times, both in the workplace and when representing
the Company. The policy is not exhaustive in defining acceptable and unacceptable
standards of dress and appearance, and employees must use common sense to
adhere to the policy's guiding principles. Bestee recognizes the diversity of its
employees' cultures and religions and will take a sensitive approach when it comes
to dress and uniform requirements.
Employee appearance contributes to our reputation and the growth of our
business. All employees are expected to be neat, clean, and tidy, with a smart
appearance, in order to present themselves in accordance with their professional
status at all times, and to dress appropriately for their role, whether working on
Bestee's premises or elsewhere. The following items are not permitted at work:
 Dirty / frayed / torn clothing
 Miniskirts that are extremely short
 Leggings (except when paired with boots and a dress)
44
 Shorts
 Hoodies (except when worn as part of a uniform)
 Hats (except when worn as part of a uniform)
 T-shirts with low necklines, blouses, and transparent clothing
 Clothing with slogans or symbols, particularly those that could cause
offence or harm to the company's reputation;
 Clothing or jewelry that could endanger one's health or safety.
 Where jeans are permitted, they must be clean, of good quality, and
worn in an appropriate manner so as not to offend others.
 During working hours, tattoos must be covered.
 During working hours, facial piercings must be covered or removed.
 Employees who work for the business to the general public must
present a positive image of the organization. In this case, smart
business wear, such as a suit or a smart jacket and trousers/skirt/dress,
is appropriate.
 Employees who are required to wear a uniform must do so during
working hours, unless otherwise instructed by their line manager.
Uniforms must always be clean, ironed, and worn in a presentable
manner. The issued uniforms must not be altered in any way without
45
the permission of the company. Employees must take responsibility for
their own care.
 Cash Management Policy
It is the policy that appropriate internal controls and accepted best practices
be utilized in the handling, receiving, safeguarding, transporting, depositing, and the
accounting of all BesTees cash assets.
This policy applies to any member of the business who has a fiduciary
responsibility for any part of collection and handling of Bestees cash assets.
Policy and Procedures:
The purpose of this policy is to provide a process and guidance on collecting,
accounting for, and safeguarding all negotiable instruments (cash, checks, etc.) on
the BesTees behalf as subsequently outlined.
Responsibilities:
(A) Compliance with Company Policy & Procedures
Employees are responsible for complying with the policies and procedures
outlined in this document and for developing and maintaining detailed written
departmental operating procedures. The manager is responsible for training all
designated employees on appropriate cash management policies and procedures.
(B) Segregation of Duties
There must be a segregation of duties in order to safeguard the BesTees
assets. The responsibilities of receiving cash, recording cash, depositing cash and
46
the reconciliation of the deposit must be separated and performed by different
individuals. In no instance should the individual accepting the cash be the same
individual responsible for making the deposit and/or performing the reconciliation.
Responsibility over transaction proceeds should be clearly delineated and assigned
to specific individual(s) to ensure accountability.
(C) Safeguarding of Funds
All forms of Cash (currency, checks, money orders, and negotiable
instruments) must be physically protected through the use of safes or vaults, locked
cash drawers, locked cash registers, cashiers cages, locked metal boxes, etc. For
areas with regular cash receipts, a safe is recommended in order to limit access to
University cash assets. Regardless of the type of safe used, access must be limited
to supervisory and authorized personnel only. The safe must be located where it is
continually visible by departmental employees but out of public sight. The
combination of the safe must be changed on a regular basis (e.g. annually) and
when an employee who knows the combination to the safe leaves the unit. If cash
boxes are used, units must ensure that the boxes can be locked, are fire resistant,
are not easily movable or concealable, and access is limited to the person(s)
collecting the cash. Cash boxes must not be shared amongst employees as
accountability for the cash will be diminished and management will not be able to
readily assign responsibility for shortages/overages to the appropriate employee.
CASH HANDLING RULES:
 Only authorised employees can handle company cash.
47
 Cash drawers should be secured under lock and key when not in use.
 Two authorised employees should always be present when cash is being
removed or returned to a safe.
transported.
counted.
 There should be a cash activity sheet which documents:
 Names of the people removing and returning cash to and from the safe
and cash drawer with dates and times.
 When removing or returning the cash to the safe, it should be counted
by two people. Both people need to sign the cash activity sheet
acknowledging that the recorded amount was correct.
 A cash breakdown i.e. number of coins, banknotes, cheques, credit
card slips, etc.
 When cash is handed off to the next person in the shift, the person
accepting the cash should count the cash and accept by signing the
cash activity sheet.
 Equal Employment Opportunity Policy
BesTee is a non-discriminatory employer. This policy's goal is to put these
principles and mandates into action in accordance with anti-discrimination law.
BesTee prohibits all forms of discrimination and harassment and provides equal
employment opportunities to all employees and applicants regardless of race, color,
48
religion, gender, sexual orientation, gender identity or expression, pregnancy, age,
national origin, disability status, genetic information, protected veteran status, or any
other legally protected characteristic. BesTee abides by both the letter and the spirit
of all applicable laws and regulations.
The equal employment opportunity (EEO) and anti-discrimination policy
applies to all aspects of BesTee's relationship with its employees, including:
 Recruitment.
 Employment.
 Promotion.
 Transfer.
 Training.
 Working conditions.
 Wages and salary administration.
 Employee benefits and application of policies.
The policies and principles of EEO also apply to the selection and treatment of
independent contractors, personnel working on our premises who are employed by
temporary agencies and any other persons or firms doing business for or with
BesTee.
49
Harassment:
Harassment is a form of illegal discrimination that is prohibited by BesTee
policy. Prohibited sexual harassment, for example, is defined as unwelcome sexual
advances, requests for sexual favors, and other sexually related verbal or physical
conduct when:
 Submission to such behavior is made a term or condition of an
individual's employment, either explicitly or implicitly.
 Individuals' submission to or rejection of such behavior is used as the
basis for employment decisions affecting such individuals.
DISCIPLINARY ACTION AGREEMENT
An organization with a disciplined environment will help put both
management and employees on their best behavior. The purpose of disciplinary
action is to correct and improve innapropriate and work related behavior. Each
employee is expected to maintain the standards of performance as well as to
adhere to all applicable policies, procedures, and laws in their work environment.
Employees who do not adhere to our company's code of conduct and company
policies will be subjected to disciplinary action, which may vary based on the nature
of infraction.The following are the categories of violations that will result in different
levels of penalty:
 Memo (M) Memo will issue to employees who commits minor misconduct. It
may be provided and serve as a written warning without counseling if an
50
employee is aware of the level of performance or conduct that has been
breached.
 Suspension (S) Suspension may be for a certain period ranging from one to
several days. While on suspension, the "no work, no pay" concept is in effect,
and as a result, the employee in concerned does not earn his or her salary for
the day that he or she is absent from work.
 Termination (T) Termination refers to a serious and major misconduct such
as wilful disobedience, fraud or wilful breach of trust, crime or offense, and etc.
Employees who will commit the said misconduct and proven to have
committed a serious infraction will automatically terminated on their first
offense. Whereas, employees who committed minor offense will be terminated
on their 2nd to 4th offense.
1st 2nd 3rd 4th

Nature of Offenses:
Offense Offense Offense Offense
Attendance-related Offenses
1. Absent Without Official Leave (AWOL)
S (5-15
 1-5 consecutive workdays T
days)
S (15-30
 More than 5 consecutive workdays T
days)
2. Unscheduled absences, tardiness, and

S (3 S (5-30 T (30
unscheduled early departures (wheter M
Days) Days) Days+)
excused or unexcused)
51
S (5-15
 1-2 consecutive workdays M T
Days)
 More than 3 consecutive workdays T
Failure to follow Employees Conduct and Work Rules Offenses
1. Theft or inappropriate removal or
possession of company property or a T
coworker's property
2. Willful destruction of company property or S (5-15 S (15-30

M T
a coworker's property Days) Days)
3. Working while under the influence of S (15-30

T
alcoholic beverages or illegal drugs. Days)
4. Possession, distribution, sale, transfer or
use of alcohol or illegal drugs in the
workplace, while on duty or while T
operating employer-owned vehicles or
equipment.
5. Fighting or threatening violence in the S (15-30

M T
workplace. Days)
6. Sexual harassment or any misconduct of a

T
sexual nature (verbal or non-verbal)
7. Using excessively abusive, threatening or S (3 S (15-30

M T
obscene language. Days) Days)
8. Using intimidation tactics and making S (5-15

M T
threats. Days)
S (5-15
9. Sabotaging another's work. M T
Days)
10. Making malicious, false and harmful M S (5-15 T
52
statements about others. Days)
11. Publicly disclosing another's private

T
information.
12. Possession of dangerous or unauthorized
materials, such as explosives or firearms, T
in the workplace.
13. Unauthorized disclosure of business

T
"secrets" or confidential information.
14. Falsifying company records or reports,
including one's time records or the time T
records of another employee.
Dress Code and Appearance Offenses
1. Wearing any inappropriate clothes in a

S (3-5 S (5-15
workplace that is not stated in our dress M T
Days) Days)
code appearance policy
Cash Management Offenses
1. Failed to comply with the responsibilities
and cash handling policy and procedures.
(such as guidance on collecting, S (5-15

M T
accounting for, and safeguarding all Days)
negotiable instruments cash, checks,
etc.)
Equal Employment Opportunity Offenses
S (3-5 S (15-30
1. Harassment M T
Days) Days)
53
CHAPTER II
MARKETING ASPECT
Marketing aspect contributes greatly to the success of the business. Its
primary goal is to be able to make the products or services widely known and
recognizable to the market. Thus, marketers must be creative in their marketing
activities for the business to succeed.
This chapter seeks to determine the market environment, the total demand
and supply analysis of the product, the competition, and the marketing program
which refers to the product, price, place, and promotional strategies of the proposed
business.
The marketing aspect of this study is to determine the factors that need to be
considered in establishing the business as well as to determine the financial basis
through the projected demand.
54
MARKET ENVIRONMENT
BesTee belongs to a Custom T-shirt Printing Market that customizes t-shirts
and prints tarpaulins. The terms fashion industry and apparel industry are frequently
used interchangeably because they both refer to the business of making clothes.
However, this would omit the crucial distinction between fashion and apparel. The
fashion industry is known for producing "high fashion" or exclusive fashion trends,
whereas the apparel industry is known for producing "ordinary" or functional
clothing, one of human's basic needs that anyone can purchase. The fashion
industry serves as a representation for the apparel industry in the sense that when
the fashion industry creates a clothing trend and it becomes popular, the apparel
industry can focus on producing the same design of clothes at a lower cost to meet
the current fashion trend.
The Custom T-shirt Printing Market was valued at USD 9.78 billion in 2020 and
is expected to reach USD 16.25 billion by 2028, growing at a CAGR of 6.56 %
between 2021 and 2028, according to a Business research. The use of customized
t-shirts to increase engagement practices in educational institutions and corporate
organizations has contributed to the growth of the Custom T-shirt Printing Market. A
shift in consumer preference toward personalized t-shirts as a result of the influence
of popular movies and reality shows, combined with an increase in disposable
income, also contributes to the market's growth. The global fast fashion market is
expected to grow from $25.09 billion in 2020 to $30.58 billion in 2021 at a
55
compound annual growth rate (CAGR) of 21.9%. In addition, based on the statistics
of Statista, global retail sales of apparel and footwear reached 1.9 trillion U.S.
dollars in 2019, and were expected to rise to above three trillion U.S. dollars by
2030. The fashion industry continues to have positive growth, especially in emerging
markets within the Asia-Pacific and European regions. Asia Pacific was forecast to
have a 38% share of global apparel demand by 2020.
T-shirt printing and design have evolved, influencing fashion trends such as
personalized t-shirts, graphic t-shirts, vintage t-shirt designs, and long sleeve
custom t-shirts. The future looks bright with leading fashion brands all over the
world embracing t-shirt printing. Custom-printed t-shirts are marketed specifically to
young people. One of the primary reasons for their popularity among teenagers is
that customized t-shirts appeal to each teenager's creative side. Teenagers have
complete control over every aspect of their custom shirt, including color, design, and
garment, logo, and so on, allowing their imaginations to run wild as they create a t-
shirt that reflects their personality, style, and attitude. As a result, today's perceptive
retailer understands that customers buy products that reflect their sense of style,
humor, and uniqueness.
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PROSPECTIVE MARKET
BesTee aims to reach people from all walks of life by printing tarpaulin and
creating ready-made and customized T-shirts for people of all ages, genders, and
sizes, as well as high-end and low-end customers. Their target market consists of
males and females ranging in age from 15 to 64 years old. Bestee will produce
high-quality T-shirts for both high-end customers and low-income earners because
they want to be one of the people's choices wherever their T-shirts are sold. Aside
from producing customized T shirts for customers based on their specifications,
they will also offer tarpaulin printing, which can be used for a variety of purposes
and occasions.
Lastly, they expected that some of their customers will be sporting clubs,
political parties, schools, churches, and organizations as they require high-quality
tarpaulins and customized T-shirts for specific purposes, and Bestee are prepared
to meet their demands.
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MARKET COMPETITION
Growing a business requires a lot of hard work and adjustments because it is
usually faced with a variety of challenges. Entrepreneurs and start-ups must
constantly learn about the business they want to pursue in order to stay in the
industry for a longer period of time. However, some business owners have found
themselves in a difficult situation due to fierce competition, leaving them with no
choice but to close their doors. Building a business without first understanding your
competitors will put any business at risk.
The firm must identify and assess who their competitors will be, what their
strengths and weaknesses are, whether their products or services are of high
quality, whether their customer service is well-regarded, whether their marketing
material is more engaging, whether they meet the customer's expectations, and
whether they offer more value than your products. Assessing and analyzing what
your competitors can do better than you will allow you to be more critical of your
own products. Taking inspiration from your competitors can help your business
become more market competitive.
BesTee has identified three (3) competitors, the majority of whom offer the
same services that BesTee intends to offer to the market. These competitors are
located near Paliparan III Dasmariñas City, Cavite, and are as follows:
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 Adsfino Trading - Adsfino Trading can be found at B-137 L-35 P-1,
Mabuhay City Subd., Paliparan III, Dasmariñas City, Cavite. They primarily
deal in the trading of custom-designed garments, with a focus on team sports
uniforms and PE uniforms. Adsfino accepts material production and processing
based on customer design and specifications. It has established a
comprehensive manufacturing network for garment processing, embroidery,
and printing.
 Random Printhouse Random Printhouse is located at B168 L14 PH4
Paliparan Site, Paliparan III Dasmariñas City, Cavite. It is a custom t-shirt shop
that also provides silkscreen printing.
 Mark Anthony Alban Apparel & Tshirt Printing - Mark Anthony Alban
Apparel & Tshirt Printing is situated in Paliparan III, Dasmariñas City, Cavite.
They provide personalized apparel and T-shirt printing services, as well as
customized items such as personalized mugs and lanyards.
Competitive Advantage
Bestee's competitive advantage as a T-shirt and Tarpaulin printing business is
that they will produce tarpaulins and T-shirts for people of all socioeconomic
backgrounds. BesTee has another competitive advantage when it comes to
competing with other T-shirt and Tarpaulin printing providers: the quality of their
product's materials and competitive price, as well as the extensive wealth
experience of their management team. They also offer creative, motivating, and
provocative design to their target market. At last, their most recent machines and
equipment work in their favor because they help ensure that the quality of every
59
tarpaulin and T-shirt that comes out of their production line is completely satisfactory
before it is released to the market.
DATA ANALYSIS
Total Population in Percentage of 15-74 Increase of Annual

Period Paliparan III years old Net Population Growth Rate
2015 68,224 65.74% 44850 - 1.38%
2016 69,165 65.74% 45469 - 1.38%
2017 70,120 65.74% 46097 - 1.38%
2018 71,088 65.74% 46733 - 1.38%
2019 72,069 65.74% 47378 - 1.38%
2020 72,945 65.74% 47954 6.92% 1.38%
Table 2: Historical Data
The researchers gathered the data shown above from the Philippine Statistics
Authority (PSA) and the World Population Review website. The most recent
demographic data released was in 2015, and it showed that 65.74% of the total
population ages 15-64 years old in Paliparan III Dasmariñas City, Cavite, which the
proponents used as the base percentage to calculate the net population of the
target market for the following years. The average growth rate over the last five (5)
years has been 1.38%.
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Projected Target Market
Projected Total Population Projected Target Market

Total Population in Total Population in
Period Paliparan III Period Paliparan III
2022 73,955 1010 2022 48,618
2023 74,978 1024 2023 49,291
2024 76,016 1038 2024 49,973
2025 77,068 1052 2025 50,664
2026 78,134 1067 2026 51,366
Table 2.2: Projected Target Market
The table above shows how the researcher calculated the projected target
market. To obtain data for the projected target market for the next five (5) years, the
proponents calculated the projected total population for the next five years by adding the
previous year's population to the product of the recent total population multiplied by the
annual growth rate. Upon getting the projected total population, it is then multiplied by the
percentage of 15-64 year olds, which is 65.74 %, to get the projected target market.
Demand Analysis
Projected Target Customer willing to avail Possible Projected Annual

YEAR Market service Customer Demand
2022 48,618 88.90% 43,221 345,768
2023 49,291 88.90% 43,819 350,552
2024 49,973 88.90% 44,426 355,408
2025 50,664 88.90% 45,041 360,328
2026 51,366 88.90% 45,664 365,312
Table 2.3: Projected Annual Demand
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The table above illustrates the calculation of projected annual demand. To
obtain data for the projected annual demand for the next five years, the researchers
take the acceptability rate of 88.90 % from the number of respondents who are
willing to buy from a new start-up digital Tshirt and Tarpaulin printing shop and
multiply it by the projected target market to get the number of their possible
customers. Possible number of customer is then multiplied by the survey result of
how many (2 pieces) and how frequently (4 - quarterly) do they buy.
SUPPLY ANALYSIS
Projected Target Direct Competitor's Frequency of Projected Annual

YEAR Market Capacity going Supply
2022 48,618 540 312 168,480
2023 49,291 547 312 170,812
2024 49,973 555 312 173,176
2025 50,664 563 312 175,573
2026 51,366 571 312 178,002
Table 2.4: Projected Annual Supply
The table above shows how the proponent calculated the projected annual
supply. To obtain data for the projected annual supply for the next five years, , they
calculated first the based capacity of their direct competitors by multiplying the
number of competitors (3) by the product of the competitor's average number of
customers per month, which is (6), and their minimum order, which is 30 pieces.
After that, multiply it by the growth rate plus the previous year's direct competitor
capacity to get the yearly direct competitor capacity. Lastly, multiply the direct
competitor's capacity by the frequency of going, which is the total number of days
that Bestee operates in a year to get the projected annual supply.
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DEMAND-SUPPLY ANALYSIS
Project
YEAR Demand Projected Supply Market Gap Market Availability Rate
2022 345,768 168,480 177,288 51.27%
2023 350,552 170,812 179,740 51.27%
2024 355,408 173,176 182,232 51.27%
2025 360,328 175,573 184,755 51.27%
2026 365,312 178,002 187,310 51.27%
Table 2.5: Demand-Supply Analysis
Bestee's demand-supply analysis is represented on the table above. For the
next five (5) years, both projected demand and projected supply are gradually
increasing; however, projected demand exceeds projected supply. As a result,
revenue is guaranteed for the next few years. The market gap was calculated by
subtracting demand from supply, and the market availability rate was calculated by
dividing the result of the market gap by projected demand.
MARKETING MIX
Certain market factors may or may not be difficult to quantify and/or predict.
Population growth, income changes, trends, rural/urban development, prices of
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substitute and complementary products, and marketing tools such as advertising,
promotions, and credit policy can all have a significant impact on demand. Supply
may be influenced by changes in factors, government policies, and improved
technology. Prices can be influenced by factors such as production costs, price
controls, inflation, and so on.
The firm must identify and assess the various types of marketing programs
used in the industry. Create a marketing plan that specifies the target market, the
selling price, the product design, the distribution network, and the advertising and
promotion strategy. The important components of the marketing program may best
be summarized by the four Ps: product, price, place, and promotions. These four
elements are adjusted until the right combination is found that serves the
satisfaction of the customers to the products provided by the business.
PRODUCT / SERVICE
BesTee will be among the first to produce a high-quality shirt that will quickly
dominate the market, outperforming all competitors. The business provides T-shirt
and Tarpaulin printing services and produces a variety of ready-made shirts,
customizable shirts, and tarpaulins that can be used for a variety of purposes and
occasions.
T-shirt Sample Designs
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Figure 2.1: T-shirt Sample Designs
Tarpaulin Layout Samples
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Figure 2.2: Tarpaulin Sample Layouts
PRICE
BesTee ensures that prices of T-shirts and tarpaulins will be affordable to
people of all income levels, and that their main product, T-shirts, are reasonably
priced while remaining competitive with what is available in the fashion and clothing
line industries.
PLACE
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The proposed "Bestee" business will be located in Melleros building in
Paliparan III Dasmariñas City, Cavite. It runs alongside a major thoroughfare in
Paliparan and is close to a school. Furthermore, because there are various
structures and facilities that surround the proposed business location, it is easier for
their target market to locate them due to the various distinct facilities nearby such as
Jollibee Paliparan, TESCO, Mabuhay City Subdivision, Puregold Paliparan, and so
on, giving them an advantage and opportunity to gain more potential customers.
PROMOTION
Advertising is used to publicize a product, idea, or point of view. The goal is to
increase awareness of the company. BesTee will hold a grand opening celebration
to attract attention and inform customers that the business is now officially open,
and will rely on the following strategies to influence change, create demand for the
products that the business offers, and ensure that customers are aware of the shop:
Printed Materials such as distributing flyers, leaflets, and posting posters
Advertising, such as creating a page for easier access for other customers, as well
as for them to send feedback and suggestions for improvements, such as social
media platforms such as Facebook and Instagram.
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Figure 2.3: Flyer
Despite the new digital marketing trend, flyers are still considered one of the
most effective forms of marketing. BesTee decided to use flyers as one of its
marketing advertisements in order to reach potential customers quickly and with the
least amount of effort. A flyer ensures easy access to their customers because a
large number of people can view the flyer on the go and learn about our business.
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Figure 2.4: Bestee Online Pages
Social media has evolved into the most influential and important platform for
social networking. It is an excellent way to digitally advertise a business because it
has easy access to a large number of people. BesTee decided to use social media
platforms such as Facebook and Instagram to reach a large number of people in a
matter of seconds by posting advertisements and content about their products. This
will assist their business in increasing the number of potential customers who are
interested in their products and services. With such a large number of online users
worldwide, they must not pass up the opportunity to use these platforms to promote
their businesses.
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MARKETING AND SALES STRATEGY
There are many different types of marketing programs. The goal of the
business is to be known to the public and share the high quality of customized shirts
and tarpaulins at an affordable price. For this to be able to be achieved, the BesTee
provides four (4) types of marketing program that will be used:
1. Social Media Marketing
It usually occurs via the internet. All marketing materials are shared on the
internet and promoted on various platforms using a variety of methods. The BesTee
will use Facebook and Instagram as platforms to increase interaction with
customers who have questions and comments about the business and its products.
2. Printed Materials
It is a physical engagement with potential customers, where you hand out
flyers and leaflets to passers-by. Although not all passers-by will be captivated by
what is written on the flyers and leaflets, it is sufficient for the business.
3. Word-of-mouth
There will be impressions that the products leave on people if they have a
satisfied customer. Historically, it has been the most important type of marketing
strategy. In the business world, it is essential to be heard. Customers are more
likely to recommend you if you provide them with high-quality services.
4. Sponsoring an event
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As a means of increasing visibility, many different events will be sponsored.
These include school events like Intramurals, and we will try to raise awareness of
the various school organizations that actively purchase shirts for their members
through a combination of sponsorship of student organization events and
advertisements on various social media sites that specifically target this
demographic.
PRODUCT CONCEPT
Bestee envisioned to be an enterprise that would produce computer-printed
shirts and tarpaulins in Paliparan III Dasmariñas City, Cavite. They intend to create
the products not for retail but as a wholesale supply to meet the needs of the
targeted market for their printed shirts and tarpaulins that can be used for a variety
of purposes and occasions.
Tarpaulin production and computer-printed shirt designs are now common in
the market. The latter procedure is commonly used in some situations, such as
"Barangay Liga" for the athletes' jerseys and election campaigns. Computer printed
designs, on the other hand, are more modern and have higher design quality. Their
unique selling point is that it is a simple process to transfer a design to both a
tarpaulin and to shirts with exclusive printed designs.
Their business-oriented and hip designs are particularly popular among
teenagers, students, and the young. They created this product with the hope of
meeting the needs of consumers for more modernized and appealing designs in the
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best possible way. Despite their inexperience in this field, they can still guarantee
the best results and produce high-quality tarpaulins and computer-printed shirts for
use in events, organizational uniforms, school uniforms, and other settings.
The price will be determined by the cost of producing the product. The
tarpaulins and printed shirts will undoubtedly compete in terms of pricing, but they
are confident that their products are worth paying for.
Their valued customers can view the products they offer and order them online
through their online delivery service, giving them flexibility and convenience. They
will have a comprehensive website that will allow customers to order from the
comfort of their own homes or wherever they may be. In the case of in-store
services, their customers may personally visit their shop to look for the items they
wish to purchase, with the assurance that we will provide excellent customer
service.
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SWOT ANALYSIS
STRENGTHS WEAKNESSES
 Environmental Friendly  New Entrant
 Unique Designs  Not yet known in the market
 Located near the main roads and  Fluctuation of Prices of Raw
a school premises Materials
 Competitive price
 Quality Employees
OPPORTUNITIES THREATS
 Intensive Promotion  Emergence of competitors
 Expansion  Increase in cost of production
 Uncertainty of target market
patronizing the business
 Change in Fashion and Trends
Table 2.6: SWOT Analysis
Key Success Factors
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 Exceed customer expectations by offering high quality products at reasonable
prices with quick turnaround times.
 Employ careful financial and accounting analysis to ensure efficiency and
proper controls.
 Their production packaging process causes no harm to the environment so
that they can serve as a model in terms of environmental preservation and
environmental cleanliness.
SURVEY ANALYSIS
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This section contains the data presentation and verbal interpretation of the
results gathered by the proponents. The collected data would be beneficial to the
proponents because it would allow the proposed business to efficiently collect
honest feedback, opinions, and responses from prospective customers and use that
information to improve in another area of business.
Graph I
The graph above represents the results of a survey in which respondents were
asked about their gender. According to the graph, the majority of participants were
female, accounting for 64.90% or 257 out of 396 respondents. On the other hand,
35.10%, or 139 in total, were male.
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Graph II
The graph above shows the ages of the respondents who agreed to answer
the survey questionnaire distributed by the proponents. Out of 396 respondents,
only 15.70% or 62 respondents are between the ages of 15-20, only 53% or 210
respondents are between the ages of 21-25, only 17.20% or 68 respondents are
between the ages of 26-30, only 4.50% or 18 respondents are between the ages of
31-35, only 3.80% or 15 respondents are between the ages of 36-40, only 2.50% or
10 respondents are between the ages of 41-45, while 2% or 8 respondents are
between the ages of 46-50. A total of 0.50% or 2 respondents have an age of 51-
55yrs old. Only 0.50% or 2 respondents aged 56-60 years old and 0.30% or 1
person was aged 61-64.
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Graph III
The graph above shows the willingness of the customers to avail service from
a new start up t-shirt and tarpaulin printing shop. A total of 88.90% or 352
respondents answered yes, they are willing to avail service from a new start up
business while 11.10% or 44 respondents answered they are not willing.
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Graph IV
The graph above shows which type of t-shirt respondents prefer to wear. Only
75.30% or 298 respondents prefer a round neck type of t-shirt, while 24.70% or 98
respondents prefer a V-neck type of t-shirt.
Graph V
The graph above illustrates the results of a survey in which respondents were
asked what type of T-shirt they wanted to buy. According to this graph, 76.30% or a
total of 302 respondents want to buy a Customized T-shirt. On the other hand,
23.70%, or 94 respondents, prefer to purchase a ready-made t-shirt.
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Graph V
The graph above illustrates how many t-shirts they typically buy in a single purchase.
Out of 396 respondents, 37.12 % or 147 respondents usually buy two t-shirts, 33.84 % or
134 respondents usually buy four t-shirts, 22 % or 87 respondents buy six t-shirts, 3.54 %
or 14 respondents buy eight t-shirts, and 3.54 % or 14 respondents buy ten t-shirts.
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Graph VI
The graph above depicts the number of respondents who responded to the
question about when they usually buy t-shirts. 71.20% or 282 respondents said they
usually buy t-shirts quarterly, 26.50% or 105 respondents said they usually buy t-
shirts monthly, and 2.30% or 9 respondents said they usually buy t-shirts weekly.
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Graph VII
The graph above shows how much they are willing to spend on clothing. There are
27.80% or 110 of the respondents who are willing to pay the amount of 200 php, 33.80% or
134 of the respondents who are willing to pay the amount of 250 php, 10.60% or 42 of the
respondents who are willing to pay the amount of 270 php, 2.50% or 10 of the respondents
who are willing to pay the amount of 330 php and the remaining 25.30% or 100 of the
respondents who are willing to pay the amount of 350 php.
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Graph VIII
The graph above shows the usual color preferences that the respondents pick
when buying a t-shirt to purchase. 39.10% or 155 respondents prefer the dark
colored shirts, 34.10% or 135 respondents like light colored shirts and lastly 26.80%
or 106 respondents like neutral colored shirts.
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Graph IX
The graph above shows the sizes that respondents typically purchase.
42.90% or 170 respondents selected the Medium size of the shirt, 26% or 103
respondents selected the Large size of the shirt, 14.10% or 56 respondents
selected the Extra large size of the shirt, 12.40% or 49 respondents selected the
Small size of the shirt, 2.30% or 9 respondents selected the Extra small size of the
shirt, 2% or 8 respondents selected the Double XL size of the shirt, and 0.30% or 1
respondent selected the Triple XL size of the shirt.
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Graph X
The graph above shows how frequently the respondents buy a tarpaulin. 92.70% or
367 respondents buy tarpaulin yearly, 4% or 16 respondents buy tarpaulin quarterly and
lastly 3.3% or 13 respondents buy tarpaulin monthly.
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Graph XI
The graph above shows how many tarpaulins they usually buy , there are 67%
or 265 of the respondents who usually buy 1 piece of Tarpaulin , 28.80% or 114 of the
respondents who usually buy 2 pieces of tarpaulin , 3.50% or 14 of the respondents
who usually buy 3 pieces and the remaining 0.80% or 3 of the respondents usually
buy 4 pieces of tarpaulin.
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Graph XII
The graph above shows how much the respondents are willing to spend on a
Tarpaulin. It shows that 22.20% or 88 of the respondents are willing to spend 400
php, 68.20% or 270 of the respondents are willing to spend 200 php, 5.80% or 23 of
the respondents are willing to spend 600 php, while 2% or 8 of the respondents are
willing to spend 800 php and only 1.80% or 7 of the respondents are willing to
spend 1000 php for a tarpaulin.
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Graph XIII
The graph above shows the outcome of their standard size when purchasing a
tarpaulin. 30% or 119 respondents want a 2x3ft tarpaulin, 20.20% or 80
respondents want a 2x4ft tarpaulin, 18.20% or 72 respondents want a 3x3ft
tarpaulin, 10.90% or 43 respondents want a 4x5ft tarpaulin, and 20.70% or 82
respondents want a 6x7ft tarpaulin.
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Graph XIV
The graph above shows the result if the customers are satisfied with the
products and services that were provided by a previous t-shirt and tarpaulin printing
shop. 60.40% or 239 respondents are satisfied and 39.60% or 157 respondents are
not satisfied by the products and services of the previous t-shirt and tarpaulin
printing shop.
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CHAPTER III
TECHNICAL ASPECT
This section of the study goes over the organization's operational processes
and activities. It also describes the machines and equipment used in production, as
well as other aspects of transforming raw materials into a finished product ready for
trade. The layout of the plant, its size, and the production schedule are all presented
to help identify the business operation. Also included are product specifications,
flowcharts of product processes, a list of machinery, tools, and equipment with their
associated costs, raw materials, and funding sources.
Location of the Business
Figure 3.1: Map
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The City of Dasmariñas is known as the Industrial Giant of CALABARZON
because it is one of the provinces of Cavite's most rapidly rising local government
units. The city has a wide variety of commercial establishments, including retail
malls, fast food chains, groceries, convenience stores, restaurants, etc. Dasmariñas
has transformed from an agricultural-based economy to an urbanized,
commercialized, and industrialized municipality.
Our target market consists of residents of Paliparan III, which has a present
population of 72,945 people, accounting for 10.37 % of Dasmariñas. As a result, we
intend to locate our company in Paliparan III Dasmariñas City, Cavite, in a
commercial building. It is located near Pintong Gubat Elementary School and runs
alongside a major thoroughfare in Paliparan.
Plant Layout
BesTees plant layout is consists of an office where most paper work will be
done, a stock room where supplies and other inventories will be kept, a production
area where drafting up to printing of design on tarpaulins, ready-made and
customizable shirts will be made, a restroom and fitting room, a waiting area where
our customers can relax and sit down while waiting for their purchases and lastly a
display area where our offered products will be placed.
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Figure 3.2: Bestees Plant Layout
Building and Facilities
BesTee will lease a space for P25, 000.00 per month. The shop has a simple
interior design with three main areas: the production area, stock room and the
display area. We also have information on space costs, consumption, and other
capital expenditures related to space utilization. The purpose of requiring physical
space was to consider and provide employees with a safe and sufficient
environment in which to carry out business operations and ensure that the
customers are in a safe and secure environment.
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Main Areas Description
A production area is required in a T-shirt and Tarpaulin printing
shop because it is where the design drafting up to application
of printing of design on shirts and tarpaulins are typically
Production Area done. For those who prefer a customizable shirt, this is where
our valued customers will be able to communicate with our
designer about the designs or layout they would like to have
printed on their shirt, as well as the consultation for the
tarpaulin layout to be made.
Where supplies and goods are kept. Maintain a clean and dry
storage area. To maintain a consistent temperature and
humidity, there should be adequate ventilation. Also, make
Stock Room certain that each item has a designated storage location and
is labeled. It was distinct from the used inventory items. In
addition, the shelving in the storage area must be non-porous
and easily cleaned.
This area is necessary for the Tshirt and Tarpaulin printing
Displays Area shop because it is where the products being offered by the
business was highlighted and can be easily seen by the
customers.
LEASEHOLD IMPROVEMENT COSTS
92
The leasehold improvement expenses for the enhancement of the leased
space are shown in the table below.
LEASEHOLD IMPROVEMENT COSTS
ITEMS COSTS
Carpentry and Millwork 10,000.00
Lumber and Paints 9,000.00
Dry Walls and Plaster Ceilings 5,000.00
Restroom accessories 5,000.00
Electric lighting fixtures 6,000.00
Interior floor finishing, including carpet, vinyl and

tiles 20,000.00
TOTAL 55,000.00
Table 3.1: Leasehold Improvement Costs
TECHNOLOGY WILL USE

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Many technologies have emerged in recent years to assist businesses in their
production. Nowadays, technology is widely used in almost every industry. The
technologies that BesTee will utilize are listed below.
 DTG Printer - DTG printers function similarly to large inkjet printers in that
they print directly onto garments, fabric, textiles, and apparel.
 Tarpaulin Printer Machine - make it easy to print out your digital pictures
onto paper.
 Computer Set with printer- it will be used to create and print layout designs
for both t-shirt and tarpaulin. Also, this technology will be used by the company
to keep confidential files and records different business transactions.
 CCTV Camera - are primarily used for security, monitoring and surveillance
purposes. In terms of security, CCTV can be used to monitor both public and
property security. For monitoring and surveillance purposes, CCTV can be
used for investigation or crime prevention.
 POS System Cash Register - A point of sale system uses tools and software
to manage your sales. It works like a cash register for small businesses, but it
has advanced features that make it easier to do business. POS systems
handle your checkouts and customer payments using a program. They can
also help you track your inventory and other parts of your business.
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Breakdown of machineries and equipment and other facilities with
corresponding costs
The costs for machineries, furnitures, fixtures, equipment, supplies and
materials to be incurred by the business upon its establishment are shown in
the table below.
MACHINERIES COST
Items Quantity Unit Unit Cost Total
Direct To Garment Printer 1 SET ₱ 200,000 ₱ 200,000
Tarpaulin Printer Machine 1 SET ₱ 126,500 ₱ 126,500
TOTAL ₱ 326,500
FURNITURES, FIXTURES AND EQUIPMENT COST
Drafting Table 1 PIECE ₱ 4,800 ₱ 4,800
Computer Tables 2 PIECE ₱ 980 ₱ 1,960
POS System Cash Register 1 SET ₱ 18,800 ₱ 18,800
Computer Sets with Printer 2 SET ₱ 26,000 ₱ 52,000
Split Type Aircon 1 PIECE ₱ 23,990 ₱ 23,990
CCTV Camera `1 SET ₱ 4,600 ₱ 4,600
File cabinet 1 PIECE ₱ 7,250 ₱ 7,250
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Office Chairs 2 PIECE ₱ 2,885 ₱ 5,770
Sofa `2 SET ₱ 4,554 ₱ 9,108
Telephone 1 PIECE ₱ 1,200 ₱ 1,200
TOTAL ₱ 129,478
Table 3.2: Machineries, Furnitures, Fixtures, and Equipment Costs
Product Quantit Unit Price Quantity Total Cost

y Purchase per per Month
Month
Transfer Paper ROLL 815 2 1,630.00
Frosted Ziplock Bag PIECE 5 3422 17,110.00
Textile Reactive Ink SET 8,658 2 17,316.00
Tarpaulin Ink SET 1,165 2 2,330.00
PVC Flex Banner ROLL 250 5 1,250.00

2x3ft
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2x4ft

3x3ft

4x5ft

6x7ft
Round Neck T shirt - Dark Colors
Extra Small PIECE 84 6 504.00
Small PIECE 88 6 528.00
Medium PIECE 92 6 552.00
Large PIECE 96 6 576.00
Extra Large PIECE 100 6 600.00
Double XL PIECE 104 6 624.00
Triple XL PIECE 108 6 648.00
Round Neck T shirt - Light Colors
97
Round Neck - Neutral Colors
V-Neck T shirt - Dark Colors
98
V-Neck T shirt - Light Colors
V-Neck - Neutral Colors
99
TOTAL 66,964.00
Table 3.3: Direct and Indirect Materials Costs
OFFICE SUPPLIES
Items Quantity Unit Price Total
USB Flash Drive 5 PIECE 300.00 1,500.00
Short Size Bond Paper 6 REAM 175.00 1,050.00
Long Size Paper 6 REAM 268.00 1,608.00
Printer Ink 16 PIECE 730.00 11,680.00
Tape Dispenser 2 PIECE 100.00 200.00
Tape 20 PIECE 25.00 500.00
Scissors 5 PIECE 50.00 250.00
Paper Cutter 5 PIECE 250.00 1,250.00

100
POS Receipts tape 16 PIECE 15.00 240.00
TOTAL 18,278.00
Maintenance Supplies
Trash Can 3 PIECE 100.00 300.00
Broom 2 PIECE 185.00 370.00
Dustpan 2 PIECE 65.00 130.00
Mop 2 PIECE 350.00 700.00
Garbage Bags 12 ROLL 99.00 1,188.00
Rugs 12 BUNDLE 40.00 1,188.00
TOTAL 3,876.00
Table 3.4: Supplies Costs
INITIAL COST OF UTILITY APPLICATIONS
One of the most important aspects of running a business is the utilities. The table
below shows the business's estimated monthly and annual consumption.
Utility Expenses Monthly Cost Annual Cost
Water Bill 900.00 10,800.00
Electric Bill 2,500.00 30,000.00
Telephone and Internet 1,999.00 23,988.00
TOTAL 5,399.00 64,788.00

Table 3.5: Projected Utility Costs
Utility Providers
101
1. Electricity is widely used to power structures, electric devices, and all other
machines that run on electricity. Manila Electric Company (Meralco) is the
company in charge of providing it. It serves 6.3 million customers in 36 cities and 75
municipalities across a franchise area of 9,685 km squared, which includes Metro
Manila, the provinces of Rizal, Cavite, and Bulacan, as well as portions of the
provinces of Pampanga, Batangas, Laguna, and Quezon.
2. Primewater Infrastructure Corporation serves as a specialist water
company since water is both a source of life and a cleaning agent. It works
throughout the Philippines, assisting communities, real estate development firms,
water authorities, and local government units.
3. The Internet is a global computer network made up of interconnected
networks that use standardized communication protocols that provide a variety of
information and communication services. Their internet provider will be
CONVERGE, a telecommunications service provider in the Philippines.
102
OPERATIONAL PROCESS
Figure 3.3: Operational Process
An operational process illustrates a series of activities that culminate in the
production of a specific service or product. The diagram above captures the firm's
Inputs, Processes, and Outputs Model. Input refers to the resources used to
complete a task, which can include time, money, and effort. BesTee's input includes
capital, which is important in establishing a business in order to purchase assets
and maintain business operations. Raw materials are also included so that products
can be manufactured. Following that is machinery, which will help to make the
employees' jobs easier in order for them to produce the desirable outcome.
Workers, on the other hand, will be the ones who carry out the work processes.
103
In business, a process refers to the steps taken to complete a specific task.
As a result, the transformation of BesTee's process includes product design,
product production, quality control, and delivery service. Since BesTee is a digital
printing business, product design will be required to meet a customer's needs.
Product production is also included, which includes actions related to creating a
deliverable product. The next step is quality control, which ensures that the products
are of high quality. When everything is in order, we can begin providing services to
our customers.
The final part is the output. Bestee's output includes products and services as
well as customer satisfaction. This part will determine the quantity of goods or
services produced in a given time period in order to satisfy a customer. After all of
the Inputs, Processes, and Outputs have been completed, it will now result in
customer feedback. Excellent customer service can lead to increased marketing
and sales opportunities. As a result, ensuring our customers' satisfaction is critical
to our company's long-term success.
104
SERVICE PROCESS
Figure 3.4: Flowchart of Bestee
105
The figure above presents the flow of the services that BesTee will deliver to
customers. The first thing that a customer would do upon entering the
establishment is to inquire about services information being offered. After that, they
can now choose what type of printing services they want to avail. When a customer
chooses the T-shirt printing service, they can now proceed to the T-shirt printing
area and specify to the Graphic and layout artist about their preferred types, colors,
and sizes in the T-shirt that they want to avail. If customers are not sure about their
sizes, they can proceed to the fitting room to fit the shirts on them. On other hand,
when they choose the Tarpaulin Printing service, they can proceed to the Tarpaulin
printing area and specify to the Graphic and layout artists about their preferred
sizes, styles and designs in Tarpaulin that they want to avail. After explaining and
finalizing their choices, they can now wait in our customers waiting area for their
service of purchase to be accomplished by our production workers. And finally,
when everything is settled, they can now proceed to the cashier area where the
cashier will issue a receipt to a customer after payment .
106
MANUFACTURING PROCESS
Part I:
Production Flow Chart for T-Shirt Printing
Figure 3.5: T-shirt Printing Process
107
1. Creation of T-shirt Design. This is the first step in the process of creating
the ready-made or customizable shirt. The design must first be completed
and drafted before proceeding to the next step. In this step, the consumers
must either agree with the suggested design or reject it or pass his unique
design. The colors that will be used must also be appropriately
enumerated.
2. Transferring of T-shirt design to the Computer. During this process, the
completed design will be transferred to the computer for the next process,
which is printing.
3. Printing the design on T-shirt. This is the most important step in the
process; it is where the design is transferred to the shirt.
4. Drying. Drying is critical in this process because if the design is not dry, it
will be ruined and the shirt will not be worn.
5. Checking of T-shirts. This step is taken to ensure that all printed shirts
turn out as expected, excellently and with a classy appearance.
6. Packaging. This is the final stage of the manufacturing process, in which
the finished printed shirts are packaged in a frosted ziplock bag. Following
that, the printed shirts can be delivered.
108
Part II:
Production Flow Chart for Tarpaulin Printing
Figure 3.6: Tarpaulin Printing Process
109
1. Layout Design. This is the first step in the process of creating the
tarpaulin. The design must first be completed and drafted before
proceeding to the next step. In this step, the consumers must either agree
with the suggested design or reject it or pass his unique design. The colors
and the size of the tarpaulin that will be used must also be appropriately
enumerated.
2. Checking the size and Layout of Tarpaulin. Before printing, the design
and size of the tarpaulin will be matched in this step to ensure that it is
appropriate.
3. Printing Tarpaulin Layout. It is the most important process where the
layout is being transferred to the tarpaulin.
4. Drying. Drying is critical in this process because if the design is not dry, it
will be ruined.
5. Packaging. This is the last part of the process in which the finished
tarpaulin is rolled well to avoid tangles.
110
Product Costing
The table below shows how the proponents calculate the unit cost for each
size by dividing the total cost of the shirts by the estimated number of units to be
produced, then adding all other incurred costs per unit to get the total, and then
adding up the desired marked up percentages for each size to get the selling prices.
ROUND NECK- NEUTRAL

Price per Labo Factory Textile Transfer Frosted Mark
Sizes Piece r Overhead Reactive Ink Paper Ziplock Bag Total Up Prices
X-Small 72 23.09 6.43 41.23 2.91 5.06 150.72 56% 235
Small 76 23.09 6.43 41.23 2.91 5.06 154.72 71% 265
Medium 80 23.09 6.43 41.23 2.91 5.06 158.72 80% 285
Large 84 23.09 6.43 41.23 2.91 5.06 162.72 91% 310
X-Large 88 23.09 6.43 41.23 2.91 5.06 166.72 107% 345
XXL 92 23.09 6.43 41.23 2.91 5.06 170.72 111% 360
XXXL 96 23.09 6.43 41.23 2.91 5.06 174.72 129% 400
ROUND NECK- LIGHT COLOR
X-Small 78 23.09 6.43 41.23 2.91 5.06 156.72 57% 245
Small 82 23.09 6.43 41.23 2.91 5.06 160.72 71% 275
Medium 86 23.09 6.43 41.23 2.91 5.06 164.72 79% 295
Large 90 23.09 6.43 41.23 2.91 5.06 168.72 90% 320
X-Large 94 23.09 6.43 41.23 2.91 5.06 172.72 106% 355
112.00
XXL 98 23.09 6.43 41.23 2.91 5.06 176.72 % 375
XXXL 102 23.09 6.43 41.23 2.91 5.06 180.72 124% 405
ROUND NECK- DARK COLOR
X-Small 84 23.09 6.43 41.23 2.91 5.06 162.72 57% 255
Small 88 23.09 6.43 41.23 2.91 5.06 166.72 68% 280
Medium 92 23.09 6.43 41.23 2.91 5.06 170.72 79% 305
Large 96 23.09 6.43 41.23 2.91 5.06 174.72 86% 325
X-Large 100 23.09 6.43 41.23 2.91 5.06 178.72 113% 380
XXL 104 23.09 6.43 41.23 2.91 5.06 182.72 119% 400
XXXL 108 23.09 6.43 41.23 2.91 5.06 186.72 122% 415
V-NECK- NEUTRAL
111
X-Small 77 23.09 6.43 41.23 2.91 5.06 155.72 54% 240
Small 81 23.09 6.43 41.23 2.91 5.06 159.72 69% 270
Medium 85 23.09 6.43 41.23 2.91 5.06 163.72 77% 290
Large 89 23.09 6.43 41.23 2.91 5.06 167.72 91% 320
X-Large 93 23.09 6.43 41.23 2.91 5.06 171.72 107% 355
XXL 97 23.09 6.43 41.23 2.91 5.06 175.72 105% 360
XXXL 100 23.09 6.43 41.23 2.91 5.06 178.72 124% 400
V-NECK- LIGHT COLOR
X-Small 77 23.09 6.43 41.23 2.91 5.06 155.72 64% 255
Small 81 23.09 6.43 41.23 2.91 5.06 159.72 72.00% 275
Medium 85 23.09 6.43 41.23 2.91 5.06 163.72 80% 295
Large 89 23.09 6.43 41.23 2.91 5.06 167.72 97% 330
X-Large 93 23.09 6.43 41.23 2.91 5.06 171.72 113% 365
XXL 97 23.09 6.43 41.23 2.91 5.06 175.72 117% 380
XXXL 100 23.09 6.43 41.23 2.91 5.06 178.72 130% 410
V-NECK- DARK COLOR
X-Small 82 23.09 6.43 41.23 2.91 5.06 160.72 65% 265
Small 86 23.09 6.43 41.23 2.91 5.06 164.72 70.00% 280
Medium 90 23.09 6.43 41.23 2.91 5.06 168.72 84% 310
Large 94 23.09 6.43 41.23 2.91 5.06 172.72 100% 345
X-Large 98 23.09 6.43 41.23 2.91 5.06 176.72 112% 375
XXL 102 23.09 6.43 41.23 2.91 5.06 180.72 116% 390
XXXL 105 23.09 6.43 41.23 2.91 5.06 183.72 129% 420
Table 3.6: T-shirt Printing Pricelist
The table below shows how we calculate the unit cost for each size by dividing
the total cost of the tarpaulin roll by the estimated number of units to be produced,
then adding all other incurred costs per unit to get the total, and then adding up the
desired marked up percentages for each size to get the selling prices.
TARPAULIN
112
Total Cost
Standar of Tarpaulin Unit to Unit Factory Mark
d Size Roll Produce Cost Labor Overhead Ink Total Up Prices
2x3 750 50 15 77.58 21.6 18.64 132.82 6% 140
2x4 1200 50 24 77.58 21.6 18.64 141.82 13% 160
3x3 1650 50 33 77.58 21.6 18.64 150.82 26% 190
4x5 1950 50 39 77.58 21.6 18.64 156.82 130% 360
6x7 2700 50 54 77.58 21.6 18.64 171.82 279% 650
Table 3.7. Tarpaulin Printing Pricelist
BUSINESS HOURS
For busy businesses, operating hours are critical for them to be able to
prioritize their job responsibilities and reach their objectives quickly. The business
will be able to take on new possibilities and build the business in a sustainable way
if they manage their time well.
113
The researchers decided that the business will operate from 8:00 o'clock in the
morning to 5:00 o'clock in the evening. The business will be open from Monday to
Saturday. The business will be closed every Sunday for the staff to have a rest day;
this will also serve as a day off for the employees in the establishment.
EMPLOYEES SCHEDULE
Table 3.8: Employees Schedule
Employees Uniform and Company ID
Employees of Bestee will have their own uniform and identification. These
uniforms and identification cards will assist in projecting a professional business
image that will attract and retain customers. Employees will be required to wear
uniforms with Bestee's logo to help brand and distinguish their company in the
market they represent. Furthermore, preparing uniforms may aid in avoiding any
dress code violations.
114
Figure 3.7: Employees Uniform
Figure 3.8: Company ID
115
METHODS OF WASTE DISPOSAL
Waste management or Waste disposal is all the activities and actions required
to manage waste from its inception to its final disposal. This includes amongst other
things, collection, transport, treatment and disposal of waste together with
monitoring and regulation. The personnel of the business will make a plan for the
waste management of the store. The store will also coordinate with the local
government unit for the schedule of when to pick-up the stores waste.
Here are some of the things that the store can do to reduce the volume of
waste that the establishment generates and limit the establishments impact on the
environment. First, they will ensure that the production of our shirts and tarpaulins
does not harm or damage the environment. The equipment is environmentally
friendly because it is used manually. Excess ink will not be discarded; instead, it will
be mixed with other colors and used for printing again. All of the activities that the
company will carry out are not only for quality control, but also for environmental
reasons. They want to create products that don't harm the environment.
The business should be committed to reducing waste generation and
avoiding the use of hazardous materials. Where the use of hazardous materials is
unavoidable, efforts should be made to identify non-hazardous replacement
materials through ongoing research and development.
The business recognizes the value of giving back to the community. They
care far more about the product's quality and safety than its quantity. Their main
goal as a company is to produce good results in everything they do.

116
CHAPTER IV
FINANCIAL ASPECT
This chapter discusses the financial assumptions underlying how much start-
up capital is required, the sources of capital, the return on investment, and other
financial considerations. It considers how much money is required, where it will be
obtained, and how it will be spent. The financial health of the company is evaluated
through financial statements and analysis that include the three (3) most important
accounting statements: income, cashflow, and balance sheet. It also includes the
proposed firm's ability to raise the necessary funds to execute the plan. Proponents
must project a five-year financial statement to determine whether the proposed
business will remain profitable in the face of competitors and unfavorable economic
conditions.
117
Financial Assumptions:
The Initial Investment of the partners would be P 1,100, 000.00

Advertising Expense will increase 3% every year.
BESTEE'S SCHEDULE
Property, Plant and Equipment comprises ofOFLeasehold
CAPITAL APPLICATION
Improvement, Store Equipment,
Office Equipment and Furniture

PRE-OPERATING EXPENSESand Fixtures. The salvage value will be 5% of its historical
cost. Permits, Taxes and Licenses 15,130.00

The business shall operate for three hundred twelve (312 days) in a year and ( 8) hours a
Utility Expenses 5,399.00
day.
Marketingand
The projections and analysis
Advertising
of Promotion
financial information is five10,000.00
years.
Purchases shall increase by (1.38%%) per year.
Office Supplies 18,278.00
The ending inventory shall be fifteen percent (15%) of net purchases
Used portion of bothSupplies
Maintenance Office Supplies and Maintenance Supplies shall be eighty five percent
3,876.00
(85%) of the total amount available for use.

Start-up Inventories 66,964.00 119,647.00
Supplies and Maintenance Supplies shall increase by three percent (3%) every year.
Electricity and Water
CAPITAL shall increase by 2% annually. while the telephone and internet will be
EXPENDITURES
constant Machineries 326,500.00

Rent will increase 5% ever 2 years
PrepaidBuilding/Leasehold
Rent comprises of Improvements 55,000.00
two months advance and one month deposit.
Salaries Payable is equals to the amount of semi-monthly salary payment.
Furniture, Fixture and Equipment 120,079.00 501,579.00
Utilities Payable (water and electricity) shall increase by 2% per year and it includes the
WORKING CAPITAL
payment for the last month.
IncomeCash
Tax Payable
on Hand is 20% 403,774.00
Prepaid Rent 75,000.00 478,774.00
TOTAL CAPITAL CONTRIBUTION 1,100,000.00
118
Table 4.1: Capital Application
Business Registration and Other Legal Fees Expenses

SEC registration
Legal Research Fee 50.00
Business Name Registration Fee 100.00
SEC Registration Fee 2,530.00
Issuance Fee 1,000.00
Documentary Stamp Tax 30.00
119
Notarial Fees 1,500.00
Partnership's Book 450.00 5,660.00
Business Permit
Mayors Permit 800.00
Business Sticker 500.00
Zoning Clearance Fee 500.00
Fire Safety Inspection Fee 500.00
Electrical Permit 2,380.00
Community Tax Certificate 500.00 5,180.00
BIR registration
BIR Annual Registration Fee 500.00
Certification Fee 100.00
Documentary Stamp (Contract of Lease) 30.00
Cost of Printing of Official Receiots 3,500.00
Books of Account (Computerized Book of Accounts) 160.00 4,290.00
TOTAL FEES 15,130.00
Table 4.2: Business Registration and Other Legal Fees Expenses
Projected Statement of Comprehensive Income
BESTEES T-SHIRT/TARPAULIN PRINTING

Projected Statement of Income
For the Comparative Years Ended of 2022 to 2026
Notes 2022 2023 2024 2025 2026
1,919,706.4 1,960,128.6
Sales 1 9 1,926,608.03 1,933,364.65 9 1,994,823.57
Cost of 1,538,184.6 1,520,778.3
Sales 2 9 1,530,346.26 1,534,692.68 9 1,518,840.68
Gross Profit 381,521.80 396,261.77 398,671.97 439,350.30 475,982.90
Operating
Expense 3 96,244.53 99,901.95 101,268.16 102,315.20 103,339.64
Net
Operating
Income 285,277.27 296,359.81 297,403.82 337,035.10 372,643.26
Less:
Income Tax
(20%) 57,055.45 59,271.96 59,480.76 67,407.02 74,528.65
120
Net Income 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Table 4.3: Projected Statement of Comprehensive Income
Sharin
Distirbutions g Ratio 2022 2023 2024 2025 2026
Ame, Patricia Anne
Rose A. 24% 54,773.24 56,901.08 57,101.53 64,710.74 71,547.51
Igot, Elaiza Marie B. 24% 54,773.24 56,901.08 57,101.53 64,710.74 71,547.51
Montalan, Eloisa V. 24% 54,773.24 56,901.08 57,101.53 64,710.74 71,547.51
Salidaga, Liezel C. 28% 63,902.11 66,384.60 66,618.45 75,495.86 83,472.09
Total 100% 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Table 4.3.1: Profit Ratio
Projected Statement of Financial Position
BesTee
Projected Statement of Financial Position
For the Comparative years ended of 2022 to 2026
Not
e 2022 2023 2024 2025 2026
ASSETS
Current Assets
Cash SCF 596,131.23 515,311.86 411,413.72 287,881.53 134,755.77
Inventories 4 120,535.20 260,814.07 423,821.10 612,988.81 832,264.87
Office Supplies 5 2,741.70 3,235.21 3,393.95 3,505.02 3,611.56
Maintenance Supplies 6 581.40 686.05 719.72 743.27 765.86
Prepaid Rent 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00
Total 794,989.53 855,047.18 914,348.48 980,118.63 1,046,398.06
Non-Current Assets
Property ,Plant and Equipment
(net) 422,650.86 364,877.72 307,104.58 249,331.43 191,558.29
1,217,640.3 1,219,924.9 1,221,453.0 1,229,450.0
TOTAL ASSETS 9 0 6 6 1,237,956.36
LIABILITIES
Current Liabilities
121
Salaries Payable 8 18,024.62 18,024.62 18,024.62 18,024.62 18,024.62
Rent Payable 9 25,000.00 25,000.00 26,250.00 26,250.00 27,562.50
Utilities Pyable 10 5,399.00 5,467.00 5,536.36 5,607.11 5,679.27
SSS Contibution Payable 11 6,550.00 6,550.00 6,550.00 6,550.00 6,550.00
PhilHealth Contribution
Payable 12 3,570.84 3,570.84 3,570.84 3,570.84 3,570.84
Pag-Ibig Contribution Payable 13 2,040.48 2,040.48 2,040.48 2,040.48 2,040.48
Income Tax Payable 14 57,055.45 59,271.96 59,480.76 67,407.02 74,528.65
Total Liabilities 117,640.39 119,924.90 121,453.06 129,450.06 137,956.36
Partner's Equity
Ame, Patricia Anne Rose A. SCE 275,000.00 275,000.00 275,000.00 275,000.00 275,000.00
Igot, Elaiza Marie B. SCE 275,000.00 275,000.00 275,000.00 275,000.00 275,000.00
Montalan, Eloisa V. SCE 275,000.00 275,000.00 275,000.00 275,000.00 275,000.00
Salidaga, Liezel C. SCE 275,000.00 275,000.00 275,000.00 275,000.00 275,000.00
1,100,000.0 1,100,000.0 1,100,000.0 1,100,000.0 1,100,000.0
Total Partner's Equity 0 0 0 0 0
TOTAL LIABILITIES AND 1,217,640.3 1,219,924.9 1,221,453.0 1,229,450.0
PARTNER'S EQUITY 9 0 6 6 1,237,956.36
Schedule 4.4: Projected Statement of Financial Position
Projected Statement of Partners Equity

Projected Statement of Partner's Equity
For the Comparative Years of 2022 to 2026
Ame, Patricia Anne Igot, Elaiza Marie Montalan, Eloisa Salidaga, Liezel
2022 Rose A. B. V. C. Total
Capital, January 1 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Add: Share in Net
Income 54,773.24 54,773.24 54,773.24 63,902.11 228,221.81
Less: Withdrawal (54,773.24) (54,773.24) (54,773.24) (63,902.11) (228,221.81)
Capital, December 31 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Capital, January 1 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Add: Share in Net
Income 56,901.08 56,901.08 56,901.08 66,384.60 237,087.85
Less: Withdrawal (56,901.08) (56,901.08) (56,901.08) (66,384.60) (237,087.85)
Capital, January 1 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Add: Share in Net
Income 57,101.53 57,101.53 57,101.53 66,618.45 237,923.05
Less: Withdrawal (57,101.53) (57,101.53) (57,101.53) (66,618.45) (237,923.05)
122
Capital, January 1 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Add: Share in Net
Income 64,710.74 64,710.74 64,710.74 75,495.86 269,628.08
Less: Withdrawal (64,710.74) (64,710.74) (64,710.74) (75,495.86) (269,628.08)
Beginning Capital 275,000.00 275,000.00 275,000.00 275,000.00 1,100,000.00
Add: Share in Net
Income 71,547.51 71,547.51 71,547.51 83,472.09 298,114.61
Less: Withdrawal (71,547.51) (71,547.51) (71,547.51) (83,472.09) (298,114.61)
Schedule 4.5: Projected Changes in Partners Equity
Projected Statement of Cashflow

Projected Statement of Cash Flow
For the Comparative Years Ended of 2022 to 2026
2022 2023 2024 2025 2026
Cash Flow from Investing
Activities
Net Income 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Depreciation Expense 57,773.14 57,773.14 57,773.14 57,773.14 57,773.14
Changes in Working Capital
Increase in Inventory (120,535.20) (140,278.87) (163,007.04) (189,167.70) (219,276.06)
(Increase)/Decrease in Office
Supplies (2,741.70) (493.51) (158.74) (111.07) (106.54)
(Increase)/Decrease in
Maintenance Supplies (581.40) (104.65) (33.66) (23.55) (22.59)
Increase in Prepayment (75,000.00)
Increase in Salaries Payable 18,024.62 - - - -
Increase in Rent Payable 25,000.00 - 1,250.00 - 1,312.50
Increase in Utilities Payable 5,399.00 68.00 69.36 70.75 72.16
Increase in SSS Contibution
Payable 6,550.00 - - - -
Increase in PhilHealth
Contibution Payable 3,570.84 - - - -
Increase in Pag-Ibig
Contibution Payable 2,040.48 - - - -
Increase in Income Tax
Payable 57,055.45 2,216.51 208.80 7,926.26 7,121.63
Net Cash Flow form 204,777.04 156,268.48 134,024.91 146,095.89 144,988.85
123
Operating Activities
Cash Flow from Investing
Activities
Acquision Property,Plant and
Equipment (480,424.00) - - - -
Cash Flow from Financing
Activities
Investment of Partners 1,100,000.00 - - - -
Partner's Withdrawals (228,221.81) (237,087.85) (237,923.05) (269,628.08) (298,114.61)
Net Cash Flow from
Financing Activities 871,778.19 (237,087.85) (237,923.05) (269,628.08) (298,114.61)
Net Income in Cash 596,131.23 (80,819.37) (103,898.14) (123,532.18) (153,125.76)
Cash Blance January 1 - 596,131.23 515,311.86 411,413.72 287,881.53
Cash Balance December 31 596,131.23 515,311.86 411,413.72 287,881.53 134,755.77
Schedule 4.6: Projected Statement of Cashflow
NOTES TO FINANCIAL STATEMENT
NOTE 1 : PROJECTED SALES

FOR THE YEAR 2022-2026
Year PROJECTED SALES Percentage Tax Net Projected Sales
2022 1,939,097.47 19,390.97 1,919,706.49
2023 1,965,926.56 39,318.53 1,926,608.03
2024 1,993,159.44 59,794.78 1,933,364.65
2025 2,020,751.23 60,622.54 1,960,128.69
2026 2,056,519.15 61,695.57 1,994,823.57
PROJECTED SALES
FOR THE YEAR 2022
Possible
Products Customer(base on Preference Selling PROJECTED Percentage
Offered demand) Rate Price SALES Tax (1%) NET SALES
ROUND NECK - DARK COLOR
Extra Small 1,472 2.30% 255 8,650.92 86.51 8,564.42
Small 1,472 12.40% 280 51,134.35 511.34 50,623.01
Medium 1,472 42.90% 305 192,474.86 1,924.75 190,550.11
Large 1,472 26% 325 124,400.75 1,244.01 123,156.75
Extra Large 1,472 14.10% 380 78,839.76 788.40 78,051.36
XXL 1,472 2.00% 400 11,782.96 117.83 11,665.13
XXXL 1,472 0.30% 415 1,830.88 18.31 1,812.57
LIGHT COLOR
Extra Small 1,472 2.30% 245 8,305.40 83.05 8,222.35
Small 1,472 12.40% 275 50,174.36 501.74 49,672.61
Medium 1,472 42.90% 295 186,230.48 1,862.30 184,368.17
Large 1,472 26% 320 122,389.24 1,223.89 121,165.34
124
Extra large 1,472 14.10% 355 73,683.06 736.83 72,946.23
XXL 1,472 2.00% 375 11,031.78 110.32 10,921.46
XXXL 1,472 0.30% 405 1,788.01 17.88 1,770.13
NEUTRAL
Extra Small 1,472 2.30% 235 7,961.91 79.62 7,882.29
Small 1,472 12.40% 265 48,301.25 483.01 47,818.24
Medium 1,472 42.90% 285 179,948.20 1,799.48 178,148.71
Large 1,472 26% 310 118,659.73 1,186.60 117,473.13
Extra Large 1,472 14.10% 345 71,642.59 716.43 70,926.16
XXL 1,472 2.00% 360 10,606.96 106.07 10,500.89
XXXL 1,472 0.30% 400 1,767.23 17.67 1,749.56
V-NECK DARK COLOR
Extra Small 483 2.30% 265 2,945.63 29.46 2,916.17
Small 483 12.40% 280 16,769.23 167.69 16,601.53
Medium 483 42.90% 310 64,143.99 641.44 63,502.55
Large 483 26% 345 43,266.82 432.67 42,834.15
Extra Large 483 14.10% 375 25,511.54 255.12 25,256.43
XXL 483 2.00% 390 3,770.39 37.70 3,732.68
XXXL 483 0.30% 420 608.22 6.08 602.14
LIGHT COLOR
Extra Small 483 2.30% 255 2,828.04 28.28 2,799.76
Small 483 12.40% 275 16,451.50 164.52 16,286.99
Medium 483 42.90% 295 61,055.90 610.56 60,445.34
Large 483 26% 330 41,487.81 414.88 41,072.93
Extra large 483 14.10% 365 24,848.20 248.48 24,599.72
XXL 483 2.00% 380 3,674.56 36.75 3,637.81
XXXL 483 0.30% 410 594.26 5.94 588.31
NEUTRAL
Extra Small 483 2.30% 240 2,663.72 26.64 2,637.09
Small 483 12.40% 270 16,164.56 161.65 16,002.91
Medium 483 42.90% 290 60,038.30 600.38 59,437.91
Large 483 26% 320 40,224.22 402.24 39,821.98
Extra Large 483 14.10% 355 24,205.07 242.05 23,963.02
XXL 483 2.00% 360 3,479.37 34.79 3,444.58
XXXL 483 0.30% 400 580.01 5.80 574.21
Tarpaulin
2x3 432 30.00% 140 18,152.82 181.53 17,971.29
2x4 432 20.20% 160 13,969.03 139.69 13,829.34
3x3 432 18.20% 190 14,945.82 149.46 14,796.36
4x5 432 10.90% 360 16,959.92 169.60 16,790.32
6x7 432 20.70% 650 58,153.86 581.54 57,572.32
TOTAL 43,221 1,939,097.47 19,390.97 1,919,706.49
125
PROJECTED SALES
FOR THE YEAR 2023
PossibleCusto
Products mer (base on Preference Selling PROJECTED Percentage Percentage NET
Offered demand) Rate Price SALES Tax (1%) Tax (3%) SALES
Extra Small 1493 2.30% 255 8,770.62 43.85 131.56 8,595.21
Small 1,493 12.40% 280 51,841.84 259.21 777.63 50,805.00
Medium 1,493 42.90% 305 195,137.92 975.69 2927.07 191,235.16
Large 1,493 26% 325 126,121.95 630.61 1891.83 123,599.51
Extra Large 1,493 14.10% 380 79,930.58 399.65 1198.96 78,331.97
XXL 1,493 2.00% 400 11,945.98 59.73 179.19 11,707.06
XXXL 1,493 0.30% 415 1,856.21 9.28 27.84 1,819.08
LIGHT COLOR
Extra Small 1,493 2.30% 245 8,420.32 42.10 126.30 8,251.91
Small 1,493 12.40% 275 50,868.56 254.34 763.03 49,851.19
Medium 1,493 42.90% 295 188,807.14 944.04 2832.11 185,030.99
Large 1,493 26% 320 124,082.60 620.41 1861.24 121,600.95
Extra large 1,493 14.10% 355 74,702.53 373.51 1120.54 73,208.48
XXL 1,493 2.00% 375 11,184.42 55.92 167.77 10,960.73
XXXL 1,493 0.30% 405 1,812.75 9.06 27.19 1,776.49
NEUTRAL
Extra Small 1,493 2.30% 235 8,072.07 40.36 121.08 7,910.63
Small 1,493 12.40% 265 48,969.54 244.85 734.54 47,990.15
Medium 1,493 42.90% 285 182,437.94 912.19 2736.57 178,789.18
Large 1,493 26% 310 120,301.49 601.51 1804.52 117,895.46
Extra Large 1,493 14.10% 345 72,633.82 363.17 1089.51 71,181.15
XXL 1,493 2.00% 360 10,753.72 53.77 161.31 10,538.64
XXXL 1,493 0.30% 400 1,791.68 8.96 26.88 1,755.85
V-NECK DARK COLOR
Extra Small 490 2.30% 265 2,986.38 14.93 44.80 2,926.65
Small 490 12.40% 280 17,001.24 85.01 255.02 16,661.22
Medium 490 42.90% 310 65,031.48 325.16 975.47 63,730.85
Large 490 26% 345 43,865.45 219.33 657.98 42,988.14
Extra Large 490 14.10% 375 25,864.52 129.32 387.97 25,347.23
XXL 490 2.00% 390 3,822.55 19.11 57.34 3,746.10
XXXL 490 0.30% 420 616.63 3.08 9.25 604.30
LIGHT COLOR
Extra Small 490 2.30% 255 2,867.17 14.34 43.01 2,809.83
Small 490 12.40% 275 16,679.12 83.40 250.19 16,345.54
Medium 490 42.90% 295 61,900.66 309.50 928.51 60,662.64
Large 490 26% 330 42,061.83 210.31 630.93 41,220.59
Extra large 490 14.10% 365 25,192.00 125.96 377.88 24,688.16
XXL 490 2.00% 380 3,725.40 18.63 55.88 3,650.89
126
XXXL 490 0.30% 410 602.48 3.01 9.04 590.43
NEUTRAL
Extra Small 490 2.30% 240 2,700.58 13.50 40.51 2,646.57
Small 490 12.40% 270 16,388.21 81.94 245.82 16,060.44
Medium 490 42.90% 290 60,868.98 304.34 913.03 59,651.60
Large 490 26% 320 40,780.76 203.90 611.71 39,965.14
Extra Large 490 14.10% 355 24,539.97 122.70 368.10 24,049.17
XXL 490 2.00% 360 3,527.51 17.64 52.91 3,456.96
XXXL 490 0.30% 400 588.04 2.94 8.82 576.28
Tarpaulin
2x3 438 30.00% 140 18,403.98 92.02 276.06 18,035.90
2x4 438 20.20% 160 14,162.30 70.81 212.43 13,879.05
3x3 438 18.20% 190 15,152.61 75.76 227.29 14,849.56
4x5 438 10.90% 360 17,194.58 85.97 257.92 16,850.68
6x7 438 20.70% 650 58,958.46 294.79 884.38 57,779.30
TOTAL 43,819 1,965,926.56 9,829.63 29,488.90 1,926,608.03
PROJECTED SALES
FOR THE YEAR 2024
Possible
Extra Small 1,513 2.30% 255 8,892.11 266.76 8,625.35
Small 1,513 12.40% 280 52,559.98 1,576.80 50,983.18
Medium 1,513 42.90% 305 197,841.05 5,935.23 191,905.82
Large 1,513 26% 325 127,869.04 3,836.07 124,032.97
Extra Large 1,513 14.10% 380 81,037.81 2,431.13 78,606.68
XXL 1,513 2.00% 400 12,111.47 363.34 11,748.12
XXXL 1,513 0.30% 415 1,881.92 56.46 1,825.46
127
LIGHT COLOR
Extra Small 1,513 2.30% 245 8,536.96 256.11 8,280.85
Small 1,513 12.40% 275 51,573.22 1,547.20 50,026.02
Medium 1,513 42.90% 295 191,422.58 5,742.68 185,679.90
Large 1,513 26% 320 125,801.44 3,774.04 122,027.40
Extra large 1,513 14.10% 355 75,737.34 2,272.12 73,465.22
XXL 1,513 2.00% 375 11,339.35 340.18 10,999.17
XXXL 1,513 0.30% 405 1,837.86 55.14 1,782.72
NEUTRAL
Extra Small 1,513 2.30% 235 8,183.89 245.52 7,938.37
Small 1,513 12.40% 265 49,647.88 1,489.44 48,158.45
Medium 1,513 42.90% 285 184,965.15 5,548.95 179,416.19
Large 1,513 26% 310 121,967.96 3,659.04 118,308.92
Extra Large 1,513 14.10% 345 73,639.98 2,209.20 71,430.78
XXL 1,513 2.00% 360 10,902.68 327.08 10,575.60
XXXL 1,513 0.30% 400 1,816.50 54.50 1,762.01
V-NECK DARK COLOR
Extra Small 496 2.30% 265 3,027.75 90.83 2,936.92
Small 496 12.40% 280 17,236.75 517.10 16,719.65
Medium 496 42.90% 310 65,932.33 1,977.97 63,954.36
Large 496 26% 345 44,473.09 1,334.19 43,138.90
Extra Large 496 14.10% 375 26,222.81 786.68 25,436.12
XXL 496 2.00% 390 3,875.51 116.27 3,759.24
XXXL 496 0.30% 420 625.18 18.76 606.42
LIGHT COLOR
Extra Small 496 2.30% 255 2,906.89 87.21 2,819.68
Small 496 12.40% 275 16,910.17 507.31 16,402.86
Medium 496 42.90% 295 62,758.13 1,882.74 60,875.39
Large 496 26% 330 42,644.49 1,279.33 41,365.15
Extra large 496 14.10% 365 25,540.97 766.23 24,774.74
XXL 496 2.00% 380 3,777.01 113.31 3,663.69
XXXL 496 0.30% 410 610.82 18.32 592.50
NEUTRAL
Extra Small 496 2.30% 240 2,737.99 82.14 2,655.85
Small 496 12.40% 270 16,615.22 498.46 16,116.77
Medium 496 42.90% 290 61,712.16 1,851.36 59,860.80
Large 496 26% 320 41,345.67 1,240.37 40,105.30
Extra Large 496 14.10% 355 24,879.91 746.40 24,133.51
XXL 496 2.00% 360 3,576.38 107.29 3,469.09
XXXL 496 0.30% 400 596.18 17.89 578.30
Tarpaulin
128
2x3 444 30.00% 140 18,658.92 559.77 18,099.15
2x4 444 20.20% 160 14,358.48 430.75 13,927.73
3x3 444 18.20% 190 15,362.51 460.88 14,901.64
4x5 444 10.90% 360 17,432.76 522.98 16,909.78
6x7 444 20.70% 650 59,775.18 1,793.26 57,981.93
TOTAL 44,426 1,993,159.44 59,794.78 1,933,364.65
PROJECTED SALES
FOR THE YEAR 2025
Possible
Extra
Small 1,534 2.30% 255 9,015.21 270.46 8,744.75
Small 1,534 12.40% 280 53,287.58 1,598.63 51,688.95
Medium 1,534 42.90% 305 200,579.81 6,017.39 194,562.42
Large 1,534 26% 325 129,639.16 3,889.17 125,749.99
Extra
Large 1,534 14.10% 380 82,159.64 2,464.79 79,694.85
XXL 1,534 2.00% 400 12,279.13 368.37 11,910.75
XXXL 1,534 0.30% 415 1,907.97 57.24 1,850.73
LIGHT COLOR
Extra
Small 1,534 2.30% 245 8,655.14 259.65 8,395.48
Small 1,534 12.40% 275 52,287.16 1,568.61 50,718.54
Medium 1,534 42.90% 295 194,072.49 5,822.17 188,250.31
Large 1,534 26% 320 127,542.94 3,826.29 123,716.66
Extra large 1,534 14.10% 355 76,785.79 2,303.57 74,482.22
XXL 1,534 2.00% 375 11,496.32 344.89 11,151.43
XXXL 1,534 0.30% 405 1,863.30 55.90 1,807.40
NEUTRAL
Extra
Small 1,534 2.30% 235 8,297.18 248.92 8,048.27
129
Small 1,534 12.40% 265 50,335.17 1,510.06 48,825.12
Medium 1,534 42.90% 285 187,525.66 5,625.77 181,899.89
Large 1,534 26% 310 123,656.39 3,709.69 119,946.70
Extra
Large 1,534 14.10% 345 74,659.40 2,239.78 72,419.61
XXL 1,534 2.00% 360 11,053.61 331.61 10,722.00
XXXL 1,534 0.30% 400 1,841.65 55.25 1,786.40
V-NECK DARK COLOR
Extra
Small 503 2.30% 265 3,069.67 92.09 2,977.58
Small 503 12.40% 280 17,475.36 524.26 16,951.10
Medium 503 42.90% 310 66,845.04 2,005.35 64,839.69
Large 503 26% 345 45,088.75 1,352.66 43,736.08
Extra
Large 503 14.10% 375 26,585.81 797.57 25,788.24
XXL 503 2.00% 390 3,929.16 117.87 3,811.28
XXXL 503 0.30% 420 633.83 19.01 614.82
LIGHT COLOR
Extra
Small 503 2.30% 255 2,947.13 88.41 2,858.72
Small 503 12.40% 275 17,144.26 514.33 16,629.93
Medium 503 42.90% 295 63,626.91 1,908.81 61,718.10
Large 503 26% 330 43,234.83 1,297.04 41,937.78
Extra large 503 14.10% 365 25,894.54 776.84 25,117.70
XXL 503 2.00% 380 3,829.29 114.88 3,714.41
XXXL 503 0.30% 410 619.28 18.58 600.70
NEUTRAL
Extra
Small 503 2.30% 240 2,775.89 83.28 2,692.61
Small 503 12.40% 270 16,845.23 505.36 16,339.87
Medium 503 42.90% 290 62,566.46 1,876.99 60,689.47
Large 503 26% 320 41,918.03 1,257.54 40,660.49
Extra
Large 503 14.10% 355 25,224.33 756.73 24,467.60
XXL 503 2.00% 360 3,625.89 108.78 3,517.11
XXXL 503 0.30% 400 604.44 18.13 586.30
Tarpaulin
2x3 450 30.00% 140 18,917.22 567.52 18,349.70
2x4 450 20.20% 160 14,557.25 436.72 14,120.53
3x3 450 18.20% 190 15,575.18 467.26 15,107.92
4x5 450 10.90% 360 17,674.09 530.22 17,143.87
6x7 450 20.70% 650 60,602.67 1,818.08 58,784.59
TOTAL 45,041 2,020,751.23 60,622.54 1,960,128.69
130
PROJECTED SALES
FOR THE YEAR 2026
Possible
Extra
Small 1,556 2.30% 255 9,139.90 274.20 8,865.71
Small 1,556 12.40% 280 54,024.64 1,620.74 52,403.90
Medium 1,556 42.90% 305 203,354.20 6,100.63 197,253.58
Large 1,556 26% 325 131,432.31 3,942.97 127,489.34
Extra
Large 1,556 14.10% 380 83,296.06 2,498.88 80,797.17
XXL 1,556 2.00% 400 12,448.97 373.47 12,075.50
XXXL 1,556 0.30% 415 1,934.36 58.03 1,876.33
LIGHT COLOR
Extra
Small 1,556 2.30% 245 8,774.85 263.25 8,511.61
Small 1,556 12.40% 275 53,010.38 1,590.31 51,420.07
Medium 1,556 42.90% 295 196,756.87 5,902.71 190,854.16
Large 1,556 26% 320 129,307.10 3,879.21 125,427.89
Extra large 1,556 14.10% 355 77,847.88 2,335.44 75,512.45
XXL 1,556 2.00% 375 11,655.34 349.66 11,305.68
XXXL 1,556 0.30% 405 1,889.07 56.67 1,832.40
NEUTRAL
Extra
Small 1,556 2.30% 235 8,411.95 252.36 8,159.59
Small 1,556 12.40% 265 51,031.40 1,530.94 49,500.46
Medium 1,556 42.90% 285 190,119.49 5,703.58 184,415.90
Large 1,556 26% 310 125,366.79 3,761.00 121,605.79
Extra
Large 1,556 14.10% 345 75,692.07 2,270.76 73,421.31
XXL 1,556 2.00% 360 11,206.50 336.20 10,870.31
XXXL 1,556 0.30% 400 1,867.12 56.01 1,811.11
V-NECK DARK COLOR
Extra
Small 510 2.30% 265 3,112.12 93.36 3,018.76
131
Small 510 12.40% 280 17,717.08 531.51 17,185.57
Medium 510 42.90% 310 67,769.63 2,033.09 65,736.55
Large 510 26% 345 45,712.41 1,371.37 44,341.04
Extra
Large 510 14.10% 375 26,953.54 808.61 26,144.94
XXL 510 2.00% 390 3,983.50 119.51 3,864.00
XXXL 510 0.30% 420 642.60 19.28 623.32
LIGHT COLOR
Extra
Small 510 2.30% 255 2,987.89 89.64 2,898.26
Small 510 12.40% 275 17,381.40 521.44 16,859.95
Medium 510 42.90% 330 72,324.19 2,169.73 70,154.47
Large 510 26% 330 43,832.84 1,314.99 42,517.86
Extra large 510 14.10% 365 26,252.71 787.58 25,465.13
XXL 510 2.00% 380 3,882.26 116.47 3,765.79
XXXL 510 0.30% 410 627.84 18.84 609.01
NEUTRAL
Extra
Small 510 2.30% 240 2,814.29 84.43 2,729.86
Small 510 12.40% 270 17,078.23 512.35 16,565.88
Medium 510 42.90% 290 63,431.87 1,902.96 61,528.91
Large 510 26% 320 42,497.83 1,274.93 41,222.90
Extra
Large 510 14.10% 355 25,573.23 767.20 24,806.03
XXL 510 2.00% 360 3,676.04 110.28 3,565.76
XXXL 510 0.30% 400 612.80 18.38 594.41
Tarpaulin
2x3 457 30.00% 140 19,178.88 575.37 18,603.51
2x4 457 20.20% 160 14,758.60 442.76 14,315.85
3x3 457 18.20% 190 15,790.61 473.72 15,316.89
4x5 457 10.90% 360 17,918.55 537.56 17,381.00
6x7 457 20.70% 650 61,440.91 1,843.23 59,597.68
TOTAL 45,664 2,056,519.15 61,695.57 1,994,823.57
NOTE 2 : COST OF SALES AND SERVICES

TOTAL COST OF SALES
2022 2023 2024 2025 2026
132
Variable Cost
COGS 683,032.80 674,378.37 662,892.47 648,129.22 629,575.56
Utilities (Water, Telephone & Internet) 34,788.00 35,004.00 35,224.32 35,449.05 35,678.27
Fixed Cost
Manpower Cost 232,260.12 232,260.12 232,260.12 232,260.12 232,260.12
TOTAL 960,004.30 951,565.87 940,300.29 925,761.76 907,437.32
TOTAL COST OF SERVICES

2022 2023 2024 2025 2026
Variable Cost
Utilities ( Electricity) 30,000.00 30,600.00 31,212.00 31,836.24 32,472.96
Fixed Cost
Manpower Cost 200,330.64 200,330.64 200,330.64 200,330.64 200,330.64
Rent Expense 300,000.00 300,000.00 315,000.00 315,000.00 330,750.00
TOTAL 578,180.39 578,780.39 594,392.39 595,016.63 611,403.35
NOTE 3 : OPERATING EXPENSES

Schedule 2022 2023 2024 2025 2026
Advertising Expense 1 8,928.57 9,196.43 9,472.32 9,756.49 10,049.19
Prermits & Licenses Expense 2 2,460.00 2,460.00 2,460.00 2,460.00 2,460.00
Office Supplies 15,536.30 18,332.83 19,232.39 19,861.79 20,465.51
Maintenance Supplies 6 3,294.60 3,887.63 4,078.39 4,211.86 4,339.88
SSS Contribution Expense 27,000.00 27,000.00 27,000.00 27,000.00 27,000.00
Philhealth Contibution Expense 21,425.04 21,425.04 21,425.04 21,425.04 21,425.04
Pag-ibig Contribution Expense 12,242.88 12,242.88 12,242.88 12,242.88 12,242.88
Employee Uniform Expense 3 5,357.14 5,357.14 5,357.14 5,357.14 5,357.14
102,315.2
TOTAL 96,244.53 99,901.95 101,268.16 0 103,339.64
SCHEDULE 1 : ADVERTISING EXPENSE

2022 2023 2024 2025 2026
Advertising Expense 10,000.00 10,300.00 10,609.00 10,927.27 11,255.09
Input Vat 1,071.43 1,103.57 1,136.68 1,170.78 1,205.90
VAT Exclusive 8,928.57 9,196.43 9,472.32 9,756.49 10,049.19
SCHEDULE 2 : PERMITS & LICENSES
2022 2023 2024 2025 2026
133
BIR Annual Registration 500.00 500.00 500.00 500.00 500.00
Books of Account 160.00 160.00 160.00 160.00 160.00
Barangay Permit 500.00 500.00 500.00 500.00 500.00
Mayor's Permit 800.00 800.00 800.00 800.00 800.00
Community Tax Certificate 500.00 500.00 500.00 500.00 500.00
TOTAL 2,460.00 2,460.00 2,460.00 2,460.00 2,460.00
SCHEDULE 3 : EMPLOYEE UNIFORM EXPENSE
Uniform 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Input Tax 642.86 642.86 642.86 642.86 642.86
VAT Exclusive 5,357.14 5,357.14 5,357.14 5,357.14 5,357.14
NOTE 4 : MATERIAL INVENTORY

2022 2023 2024 2025 2026
Beginning Inventory - 120,535.20 260,814.07 423,821.10 612,988.81
Purchases 803,568.00 814,657.24 825,899.51 837,296.92 848,851.62
Net Purchases 803,568.00 935,192.44 1,086,713.57 1,261,118.02 1,461,840.42
Less: Used Portion (85%) 683,032.80 674,378.37 662,892.47 648,129.22 629,575.56
Ending Inventory 120,535.20 260,814.07 423,821.10 612,988.81 832,264.87
NOTE 5 :OFFICE SUPPLIES

2022 2023 2024 2025 2026
Beginning Balance - 2,741.70 3,235.21 3,393.95 3,505.02
Add: Purchases 18,278.00 18,826.34 19,391.13 19,972.86 20,572.05
Total Available for use 18,278.00 21,568.04 22,626.34 23,366.81 24,077.07
Less: Supplies Expense (85% used) 15,536.30 18,332.83 19,232.39 19,861.79 20,465.51
Supplies, End 2,741.70 3,235.21 3,393.95 3,505.02 3,611.56
NOTE 6 : MAINTENANCE SUPPLIES

2022 2023 2024 2025 2026
Beginning Balance - 581.40 686.05 719.72 743.27
Add: Purchases 3,876.00 3,992.28 4,112.05 4,235.41 4,362.47
Total Available for use 3,876.00 4,573.68 4,798.10 4,955.12 5,105.74
Less: Maintenance Supplies Expense (85%) 3,294.60 3,887.63 4,078.39 4,211.86 4,339.88
Maintenance Supplies, End 581.40 686.05 719.72 743.27 765.86
NOTE 7 : PROPERTY, PLANT & EQUIPMENT
134
Salvage YEAR
Value
Cost (VAT 5% of Useful Annual
Exclusive) Cost Life Depreciation 2022 2023 2024 2025 2026
Leasehold
Improvement
s 55,000.00 55,000.00 55,000.00 55,000.00 55,000.00
Accumulated
Depreciation 5,225.00 10,450.00 15,675.00 20,900.00 26,125.00
Book Value 55,000 2,750 10 5,225.00 49,775.00 44,550.00 39,325.00 34,100.00 28,875.00
Machineries 326,500.00 326,500.00 326,500.00 326,500.00 326,500.00
Accumulated
Depreciation 38,771.88 77,543.75 116,315.63 155,087.50 193,859.38
Book Value 326,500 16,325 8 38,771.88 287,728.13 248,956.25 210,184.38 171,412.50 132,640.63
Office
Equipment 44,800.00 44,800.00 44,800.00 44,800.00 44,800.00
Accumulated
Depreciation 7,093.33 14,186.67 21,280.00 28,373.33 35,466.67
Book Value 44,800 2,240 6 7,093.33 37,706.67 30,613.33 23,520.00 16,426.67 9,333.33
Store
Equipment 29,790.00 29,790.00 29,790.00 29,790.00 29,790.00
Accumulated
Depreciation 2,830.05 5,660.10 8,490.15 11,320.20 14,150.25
Book Value 29,790 1,489.50 10 2,830.05 26,959.95 24,129.90 21,299.85 18,469.80 15,639.75
Furniture &
Fixture 24,334.00 24,334.00 24,334.00 24,334.00 24,334.00
Accumulated
Depreciation 3,852.88 7,705.77 11,558.65 15,411.53 19,264.42
Book Value 24,334 1,216.70 6 3,852.88 20,481.12 16,628.23 12,775.35 8,922.47 5,069.58
Historical Cost 480,424.00 480,424.00 480,424.00 480,424.00 480,424.00
Accumulated
Depreciation 57,773.14 115,546.28 173,319.43 231,092.57 288,865.71
Net Book
Value 422,650.86 364,877.72 307,104.58 249,331.43 191,558.29
NOTE 8 : SALARIES PAYABLE

2022 2023 2024 2025 2026
Salaries Payable, Beg - 18,024.62 18,024.62 18,024.62 18,024.62
Add: Salaries Expense 432,590.76 432,590.76 432,590.76 432,590.76 432,590.76
Total 432,590.76 450,615.38 450,615.38 450,615.38 450,615.38
Less: Amount Paid 414,566.15 432,590.76 432,590.76 432,590.76 432,590.76
Salaries Payable, End 18,024.62 18,024.62 18,024.62 18,024.62 18,024.62
NOTE 9 : RENT PAYABLE

2022 2023 2024 2025 2026
Rent Payable, Beg - 25,000.00 25,000.00 26,250.00 26,250.00
315,000.0
Add: Rent Expense 300,000.00 300,000.00 0 315,000.00 330,750.00
135
340,000.0
Totall 300,000.00 325,000.00 0 341,250.00 357,000.00
313,750.0
Less: Amount Paid 275,000.00 300,000.00 0 315,000.00 329,437.50
Rent Payable, End 25,000.00 25,000.00 26,250.00 26,250.00 27,562.50
NOTE 10 : UTILITIES PAYABLE

2022 2023 2024 2025 2026
Utilities Payable, Beg - 5,399.00 28,417.00 28,945.36 29,484.29
Add: Utilities Expense 64,788.00 65,604.00 66,436.32 67,285.29 68,151.23
Totall 64,788.00 71,003.00 94,853.32 96,230.65 97,635.52
Less: Amount Paid 59,389.00 65,536.00 89,316.96 90,623.54 91,956.25
Utilities Payable, End 5,399.00 5,467.00 5,536.36 5,607.11 5,679.27
NOTE 11 : SSS CONTRIBUTION PAYABLE

2022 2023 2024 2025 2026
EMPLOYER SHARE
SSS Premium Payable Beg - 4,300.00 4,300.00 4,300.00 4,300.00
Witheld 51,600.00 51,600.00 51,600.00 51,600.00 51,600.00
Total 51,600.00 55,900.00 55,900.00 55,900.00 55,900.00
Less:SSS Premium Payable Beg 47,300.00 51,600.00 51,600.00 51,600.00 51,600.00
SSS Premium Payable End 4,300.00 4,300.00 4,300.00 4,300.00 4,300.00
EMPLOYEE SHARE
SSS Premium Payable Beg - 2,250.00 2,250.00 2,250.00 2,250.00
Witheld 27,000.00 27,000.00 27,000.00 27,000.00 27,000.00
Total 27,000.00 29,250.00 29,250.00 29,250.00 29,250.00
Less:SSS Premium Payable Beg 24,750.00 27,000.00 27,000.00 27,000.00 27,000.00
SSS Premium Payable End 2,250.00 2,250.00 2,250.00 2,250.00 2,250.00
TOTAL 6,550.00 6,550.00 6,550.00 6,550.00 6,550.00
136
NOTE 12 : PHILHEALTH CONTRIBUTION PAYABLE
2022 2023 2024 2025 2026
EMPLOYER SHARE
PhilHealth Premium Payable Beg - 1,785.42 1,785.42 1,785.42 1,785.42
Witheld 21,425.04 21,425.04 21,425.04 21,425.04 21,425.04
Total 21,425.04 23,210.46 23,210.46 23,210.46 23,210.46
Less:PhilHealth Premium Payable Beg 19,639.62 21,425.04 21,425.04 21,425.04 21,425.04
PhilHealth Premium Payable End 1,785.42 1,785.42 1,785.42 1,785.42 1,785.42
EMPLOYEE SHARE
PhilHealth Premium Payable Beg - 1,785.42 1,785.42 1,785.42 1,785.42
Witheld 21,425.04 21,425.04 21,425.04 21,425.04 21,425.04
Total 21,425.04 23,210.46 23,210.46 23,210.46 23,210.46
Less:PhilHealth Premium Payable Beg 19,639.62 21,425.04 21,425.04 21,425.04 21,425.04
PhilHealth Premium Payable End 1,785.42 1,785.42 1,785.42 1,785.42 1,785.42
TOTAL 3,570.84 3,570.84 3,570.84 3,570.84 3,570.84
NOTE 13 : PAGIBIG CONTRIBUTION PAYABLE

2022 2023 2024 2025 2026
EMPLOYER SHARE
Pag-Ibig Premium Payable Beg - 1,020.24 1,020.24 1,020.24 1,020.24
12,242.8
Witheld 12,242.88 12,242.88 12,242.88 12,242.88 8
13,263.1
Total 12,242.88 13,263.12 13,263.12 13,263.12 2
12,242.8
Less:Pag-Ibig Premium Payable Beg 11,222.64 12,242.88 12,242.88 12,242.88 8
Pag-Ibig Premium Payable End 1,020.24 1,020.24 1,020.24 1,020.24 1,020.24
EMPLOYEE SHARE
Pag-Ibig Premium Payable Beg - 1,020.24 1,020.24 1,020.24 1,020.24
12,242.8
Witheld 12,242.88 12,242.88 12,242.88 12,242.88 8
13,263.1
Total 12,242.88 13,263.12 13,263.12 13,263.12 2
12,242.8
Less:Pag-Ibig Premium Payable Beg 11,222.64 12,242.88 12,242.88 12,242.88 8
Pag-Ibig Premium Payable End 1,020.24 1,020.24 1,020.24 1,020.24 1,020.24
TOTAL 2,040.48 2,040.48 2,040.48 2,040.48 2,040.48
137
NOTE 14 : INCOME TAX PAYABLE
2022 2023 2024 2025 2026
Income Tax Payable Beg - 57,055.45 59,271.96 59,480.76 67,407.02
Add: Income Tax Expense 57,055.45 59,271.96 59,480.76 67,407.02 74,528.65
Less: Amount Paid - 57,055.45 59,271.96 59,480.76 67,407.02
Income Tax Payable End 57,055.45 59,271.96 59,480.76 67,407.02 74,528.65
RATIO ANALYSIS
PROFITABILITY RATIO
Gross
Profit
Margin 2022 2023 2024 2025 2026 Average
Gross Profit 381,521.80 396,261.77 398,671.97 439,350.30 475,982.90
Net Sales 1,919,706.49 1,926,608.03 193336465.36% 1,960,128.69 1,994,823.57
Gross
Profit
Margin 19.87% 20.57% 20.62% 22.41% 23.86% 21.47%
Net Profit
Margin 2022 2023 2024 2025 2026 Average
Net Proft 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Net Sales 1,919,706.49 1,926,608.03 1,933,364.65 1,960,128.69 1,994,823.57
Net Profit
Margin 11.89% 12.31% 12.31% 13.76% 14.94% 13.04%
Return on
Sales 2022 2023 2024 2025 2026 Average
Net
Operating
Income 285,277.27 296,359.81 297,403.82 337,035.10 372,643.26
Net Sales 1,919,706.49 1,926,608.03 1,933,364.65 1,960,128.69 1,994,823.57
Return on
Sales 14.86% 15.38% 15.38% 17.19% 18.68% 16.30%
138
Return on
Equity 2022 2023 2024 2025 2026 Average
Net Income 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Average
Equity 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00
Return on
Equity 20.75% 21.55% 21.63% 24.51% 27.10% 23.11%
Gross Profit Analysis
The gross profit for the 1st year is 19.87%. it indicates that there is 19.87%
remaining revenue in the given accounting period after the business pays for the
labor and materials.
Net Profit Analysis
The net profit for the 1st year of operation is 11.89% which indicates that there
is 11.89% remaining revenue after substracting various expenses from the total
revenue. The net profit is increasing yearly which indicates that the business is
stable financially.
Return on Sales Analysis
The return on sales for the year 2022-2025 is 14.86%, 15.38%, 15.38%,
17.19%, and 18.68%. You can see that it is increasing every year which indicates
that the company is growing efficiently and is generating profits ever year.
139
Return on Equity Analysis
The return on equity for the years 2022-2025 is 20.75%, 21.55%, 21.63%
24.51%, and 27.10% It shows us that it is increasing every year and the business is
efficient in managing the resources provided b the partners to generate income.
LIQUIDITY RATIO
Current Ratio 2022 2023 2024 2025 2026 Average
855,047.1 980,118.6
Current Asset 794,989.53 8 914,348.48 3 1,046,398.06
119,924.9 129,450.0
Current Liabilities 117,640.39 0 121,453.06 6 137,956.36
Curent Ratio 6.76 7.13 7.53 7.57 7.58 7.31
Quick Ratio 2022 2023 2024 2025 2026 Average

515,311.8 287,881.5
Quick Assets 596,131.23 6 411,413.72 3 134,755.77
119,924.9 129,450.0
Current Liabilities 117,640.39 0 121,453.06 6 137,956.36
Quick Ratio 5.07 4.30 3.39 2.22 0.98 3.19
Current Ratio Analysis
The average current ratio of BesTee is 7.31. This shows that the companys
ability to generate enough cash to pay off all of its debts once they become due.
140
Quick Ratio Analysis
The average quick ratio of the BesTee is 3.19. This shows how the company
can pay off its current debts without selling its long-term assets upon reaching the
5th year of operation.
LEVERAGE RATIO
Debt Ratio 2022 2023 2024 2025 2026 Average
Total Assets 1,217,640.39 1,219,924.90 1,221,453.06 1,229,450.06 1,237,956.36
0.097 0.098 0.099 0.105 0.111 0.102
Debt to Equity
Ratio 2022 2023 2024 2025 2026 Average
Total Equity 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00
0.107 0.109 0.110 0.118 0.125 0.114
Debt Ratio Analysis
The debt ratio of the BesTee is increasing each year which is a little favourable
for the business. The average debt ratio of BesTee is 0.102 this shows the amount
of total debt is 0.102 of its total assets.
141
Debt to Equity Ratio Analysis
The average debt to equity ratio of the BesTee is 0.114. This ratio is tells us
that from every peso invested in the company, there is about 0.114 in debt for every
peso of equity.
Return on Investment
2022 2023 2024 2025 2026 Average
Net
Income 228,221.81 237,087.85 237,923.05 269,628.08 298,114.61
Divided
by:
Investmen
t Cost 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00 1,100,000.00
Return 20.75% 21.55% 21.63% 24.51% 27.10% 23.11%
Return on Investment analysis
The return on investment of BesTee for its 1 st year of operation is 20.75%
which means that owners earn 20.75% more on their initial investment and is
increasing each year.
142
CHAPTER V
SOCIO-ECONOMIC ASPECT
The socio-economic section will clearly state its relevance to the external
aspect of the business. It tackles the job opportunities of the employees that can
help the economy as well as minimizing the unemployment rate of the town,
province and the country in general. Hence, this project will provide occupations for
those who are unemployed and those who need and want to engage in this kind of
business venture. The establishing business of BesTee T-shirt and Tarpaulin
Printing will contribute to the government by means of taxes also, sharing its income
indirectly through permits, licenses and registration fees paid to the government for
some legal purposes, the contribution of the project to the Philippine economy
including the government and other businesses and entities will also be tackled. The
project will therefore provide development to the economy.
143
Socio - Economic Desirability
The proponents hope that the proposed business will be beneficial to all for
the coming years. The BesTee will continuously achieve its objective. The study will
provide entrepreneurs an attached area of investment:
a) Customers - the most important factor to be considered in service output. The
business must always think about the new trends of design which rides for the
satisfaction of their needs, wants and desires of the customer.
b) Employees - the business will require the acquisition of manpower, and by
this means the unemployment rate would be lessened and would also
propagate the generation of income. This would positively influence the
improvement of the standard of living of employed individuals families.
144
c) Creditors/Suppliers - the establishment of this kind of business will promote
the growth of the business firms which will provide the raw materials and
services or which will further process its products.
d) Owners - in establishing this kind of business, the benefits of the owner are
they will earn income in this business in a decent way and they give
opportunity for a better life to other people.
e) Society/Community - in the presence of an economic crisis, people think on
how they earn money to minimize their daily expenses. In establishing this
kind of business in Paliparan III, Dasmarinas City, Cavite would help the
people to have a decent job that would give them a better opportunity to earn
a living for their family. The establishment of this project would benefit the
consuming public through the lowering of retail prices.
f) Government - this project will benefit the local and national government
because it will help in generating income through taxes. It will contribute for
the improvement of the Philippine economy.
CORPORATE SOCIAL RESPONSIBILITY
145
Corporate Social Responsibility (CSR) is a management concept that
encourages businesses to incorporate social and environmental concerns into their
operations and interactions with their customers and other stakeholders. As a socially
responsible organization, a company must participate in social activities that have a
contribution to the improvement of the quality of life in the environment, economy,
and community as a whole. Activities will be carried out in accordance with the
organization's overarching sustainability mission to serve a variety of needs in the
areas in which it operates. Therefore, BesTee has decided to concentrate its efforts in
the following areas, where it believes it will be able to add the most value. These are
the areas of emphasis:
146
 Environmental Responsibility - Environmental responsibility is the obligation
that a business has to achieve in order to maintain the environment safe.
Since we value sustainability in everything we do, Bestee will prioritize projects
and public awareness campaigns centered on environmental education, with a
particular emphasis on reuse, reduction, and recycling that would help
promote environmental responsibility.
 Ethical Responsibility Bestee will ensure that a company will operate in a
fair and ethical manner throughout its operations. We believe that being
ethically responsible will strive to ensure and attain fair and equal treatment to
employees, stakeholders, suppliers, customers and investors. Thus, Bestee's
primary focus would be on enhancing livelihoods by empowering our people.
We are committed to bringing out the best in people, assisting them in
achieving their goals, and enabling them to discover genuine purpose in their
work.
 Philanthropic Responsibility Business philanthropy refers to the desire of a
company to actively contribute to the improvement of society and the world
around them. Bestee has decided to give back to the community by doing
charitable giving and volunteer efforts that would benefit the society. Bestee
will provide employees with paid time off to participate in volunteer activities
while simultaneously donating a portion of our profits to a nonprofit
organization.
 Economic Responsibility Economic responsibility is the practice of a
company underpinning all of its financial decisions with a commitment to do
well in the areas stated above, as opposed to other practices. Bestees

147
ultimate goal is not only to maximize profits, but rather to have a positive
impact on the environment, people, and society as a whole.
SUMMARY OF FINDINGS
Bestee is a digital printing business that envisions manufacturing enterprise in
Paliparan III Dasmariñas City, Cavite, where it would produce computer-printed
shirts and tarpaulins for market. As a digital printing company, our mission is to
provide printing services to the community with a focus on producing ready-made
and customized t-shirts for all genders while providing superior and unique design
with quality and value to the consumer. We also manufacture tarpaulin that can be
used for a variety of purposes and occasions. BesTee visualizes itself as a brand
that is known not only in the Philippines, but also across the world.
148
When starting a business, one of the most crucial factors to consider is the
management aspect. Management must be able to organize all actions in order to
become productive and competitive in the industry through the use of human
resources, modern technology, and capability when it comes to finances. The
management aspect of this study will analyze the effectiveness of the organizational
setup as well as the qualifications of the individuals who will be a part of the
organization's management team. Bestee has built a management structure that
flows from its partners all the way down to its employees. When it comes to the form
of business organization, Bestee will be organized as a general partnership where
all the parties voluntarily agree to take an oath to preserve and regulate the right
management of the business, which is applied and recognized. The agreement
specifies the legal requirements for the establishment's registration as well as other
regulations that must be followed in order to be in compliance with the laws. In order
to provide high-quality and competence work, qualifications for those taking on the
obligations of a job have been established. In addition to making sure that everyone
knows their job duties, proper training and orientation will be strictly followed to
develop each employee's ability to enhance their performance and increase their
productivity as well as to reduce the turnover of employees that can improve the
culture of a business.
The marketing part of a company's performance is critical to its long-term
survival. Its fundamental purpose is to be able to make the products or services
widely known and recognizable to the public and the marketplace. Thus, in order for
a firm to prosper, marketers must be innovative in their marketing operations. The
marketing part of this study is intended to identify the factors that must be
149
considered in the establishment of the business as well as to assess the financial
basis of the business through the projection of demand. Therefore, Bestee has
determined its internal strength and weaknesses as well as analyzing possible
opportunities and threats on the external environment of a business. This will
enable the proposed business to not only assess how well it is performing currently,
but also to plan for and mitigate future risks. In addition, Bestee utilized modern
technology which is social media, as its way to promote and market their business.
They also used a traditional marketing tactic which is to give flyers directly to people
as a means of making potential customers aware of our products and services.
When it comes to the technicality of the study, the machines and equipment
that are utilized in the manufacturing process were discussed, as well as other
components of the process of changing raw materials into a finished product that is
ready to be sold in the market. The operational and service processes of Bestee
were also determined in being able to ascertain the services being provided to the
customers. The costs for machinery, furniture, fixtures, equipment, and inventories
are also examined in order to serve their function and provide flow to the order of
operations.
In order to determine the viability of a proposed firm, the financial assumptions
must be tested against the objectives of long-term viability and overall sustainability.
This study has presented a thorough calculation and accounting of the predicted
financial statements as well for the comparable years, which was presented in
detail. This will determine if the proposed business is economically viable through
analyzing its operational expenses, cash flows, and making projections for future
performance.
150
Finally, instead of focusing solely on earnings, Bestee's ultimate goal is to
have a good impact on the environment as well as on the lives of individuals and
society as a whole. We are not only focused on generating profits and benefiting the
community, we are also a socially responsible organization that participates in social
activities that have a huge contribution to the improvement of the quality of life in the
environment, economy, and community as a whole. Bestee concentrates its effort to
add value to the following areas namely, environmental, ethical, philanthropic, and
economical responsibility.
CONCLUSION
The researchers conclude that the proposed business is feasible based on the
study's findings, presentation, and results because financial projections indicated
that the business would generate a positive income during the first five years of
operation. We also conclude that proper training and orientation of employees is
crucial for them to fulfill their duties and responsibilities, which will also improve
business culture. In order to boost morale and work efficiency, an incentive scheme
for employees must also be proposed. Technically, it demonstrates that the
151
company has the ability to serve customers in order to make a profit and cover all of
the expenses that the business may incur while operating.
Lastly, the demand for customized products is very high nowadays, so starting
a business like ours will be profitable because the demand for printed t-shirts is
increasing and capable of satisfying customers, making it a good idea for new
entrepreneurs, as well as the fact that T Shirts are popular items of clothing that are
not phased out seasonally.
RECOMMENDATIONS
The researchers recommend using advanced technology such as digital
printers to print t-shirts and tarpaulin to keep up with market competition, and it is
also important to maintain a high customer volume by improving the products and
services offered. Employees should also attend workshops and training to learn
more about the business and how to improve their work, as well as to support their
professional development. The layout artist to be hired should have computer-
related training or be knowledgeable in using computers such as layouts/designing,
152
especially since the main goal of the business is to satisfy the needs and
expectations of the customers and to always be able to keep up with trends.Lastly,
developing a distinct product line is highly recommended to give the business its
own distinct feature. The proposed business, like any other study in its early stages,
is far from perfect but can be improved over time, and this business should be
applied and operated for further research.
REFERENCES:
Jahangir, L. (2018). Different Methods of T Shirt Printing: A Comparative Analysis.

Canadian Journal of Researchers Society, 8(01), 1-18
Saleh, K. (2018, April 11). Online Shopping Personalization Statistics and Trends.
Invesp. https://www.invespcro.com/blog/online-shopping-personalization/
Deloitte. (n.d). The Deloitte Consumer Review Made to Order: The rise of mass
personalization.
https://www2.deloitte.com/content/dam/Deloitte/ch/Documents/consumer-
business/ch-en-consumer-business-made-to-order-consumer-review.pdf
153
How Customers Come to Think of a Product as an Extension of Themselves. (2018,
September 26). Harvard Business Review. https://hbr.org/2018/09/how-customers-
come-to-think-of-a-product-as-an-extension-of-themselves
APPENDICES
APPENDIX A BESTEES
ONLINE SURVEY FORM
154
Figure A1: BesTees Survey Form
155
Figure A1.1: Bestees Survey
Form
156
Figure A1.2: Bestees Survey Form
157
Figure A1.3: Bestees Survey Form
APPENDIX B CURRICULUM VITAE
158
ELAIZA MARIE B. IGOT
Blk 39 Lot 3 Mabuhay Homes 2000 Phase 5 Salawag

Dasmariñas City, Cavite
159
Mobile: 09284304023
Email: elaizaamarieeigot@gmail.com
JOB OBJECTIVE
To pursue a career that offers an opportunity for personal advancement, career

growth, and skills development.
PERSONAL BACKGROUND
Date of Birth: February 24, 2000 Nationality: Filipino

Place of Birth: Tondo, Manila Gender: Female
Civil Status: Single Height: 54
Religion: Catholic Weight: 51
PERSONAL SKILLS
 Oriented in Microsoft Office Application

 Self-motivated, initiative, and effective at multi-tasking.
 Ability to organize, prioritize and work under extreme pressure, heavy workload, and
deadlines.
EDUCATIONAL BACKGROUND
TERTIARY : National College of Science and Technology

2018 Present
SECONDARY : St. Matthew College

Accountancy, Business, and Management (ABM) Strand
San Mateo, Rizal
2016 2018
San Mateo National High School

San Mateo, Rizal
2012 2016
PRIMARY : Dulong Bayan Elementary School

San Mateo Rizal
2006 2012
ACHIEVEMENT/S: National Certificate III in Bookkeeping (February 2018)

SEMINAR/S AND TRAINING/S: Senior High School Work Immersion ( 2017-2018)
Eloisa V. Montalan
160
Address: 539 BUCANDALA 5 Imus City Cavite
Email: loisavillaflormontalan@gmail.com
Contact No: 09150892551
Objective: To obtain a position that would best fit my qualifications and develop further my talents and
skills for continuous career development.
Personal Skills:
 Computer Literate
 Good Communication Skills
 Hardworking
 Adaptability
PERSONAL INFORMATION:
Date of Birth : November 17 ,1999 Civil Status : Single
Place of Birth : Imus City Cavite Nationality : Filipino
Age : 21 years old Religion : Roman Catholic
Gender : Female
Educational Attainment:
Tertiary : Bachelor of Science in Accountancy
National College of Science and Technology
(S.Y. 2018 present)
Secondary : Accountancy and Business Management

Southern Philippines Institute of Science and Technology
Emilio Aguinaldo Highway, Anabu II-A, City of Imus, Cavite
Senior High School
(S.Y. 2016-2018)
Imus National High School-Main

BUCANDALA 3, City of Imus, Cavite
Junior High School
(S.Y. 2012-2016)
Primary : Malagasang I Elementary School

Malagasang 1-C, City of Imus, Cavite
(S.Y. 2006-2012)
TRAININGS ATTENDED
80 hours Work Immersion- Operation and Accounting
CREOTEC Philippines Inc.
CREOTEC Immersion Center, Leveriza Bldg. 30, Emilio Aguinaldo Highway, Dasmarinas City, Cavite
161
Liezel C. Salidaga
F. Dela Cuesta St. Sitio Pintong Gubat
Paliparan III Dasmariñas City, Cavite
Mobile No: 09770118662 / 09083846910
E-mail: liezel.salidaga22@gmail.com
Job Objective:
To obtain an Accounting position with a progressive company where my knowledge and skills will have valuable application and
where I will be able to improve my competence, learn new skills, and gain experience.
Personal Information:
Date of Birth : July 14, 1999

Place of Birth : Dasmariñas City, Cavite
Age : 22 years old
Gender : Female
Civil Status : Single
Height : 50
Weight : 40kg
Religion : Catholic
Nationality : Filipino
Educational Background:
TERTIARY : National College of Science and Technology
Expected Graduation Date: April 2022
SECONDARY : National College of Science and Technology SHS

Accountancy, Business and Management (ABM) Strand
Graduation Date: April 2018
Academic Awardee with high honors
Paliparan National High School

Paliparan III Dasmariñas City, Cavite
Graduation Date: April 2016
Academic Awardee with honor and Best in T.L.E
PRIMARY : Paliparan III Elementary School

Paliparan Site Dasmariñas City, Cavite
Graduation Date: March 2012
Academic Awardee with honor
Skills and Qualifications:
 Efficient in Microsoft office including MS word, PowerPoint and Excel

 Good communication skills
 Independent and self-motivated
 Strong interpersonal skills
 Flexible in performing different tasks
 Better time management skills
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NATIONAL COLLEGE OF SCIENCE AND TECHNOLOGY

Amafel Bldg. Aguinaldo Highway, Dasmarinas, Cavite

A Feasibility Study Presented to the

Faculty of Business Department of

National College of Science & Technology

of the Requirements for the Degree of

Bachelor of Science in Accountancy

Ame, Patricia Anne Rose A.

Igot, Elaiza Marie B.

In partial fulfillment of the requirements for the degree of Bachelor of Science

who are hereby recommended for Oral Examination.

Mr. Fredelino C. Lomeda, CPA

Approved by the Committee on Oral Examination with a grade of __________.

Mr. Remelito P. Gumban, CPA Mr. Matt Ysrael Vicedo

Course Adviser Panel Member

Mrs. Rosalia C. De Guzman, CPA

Cluster Head, Business Department

participation and assistance of a significant number of people, the names of whom

indebtedness to the following individuals:

advice, guidance, valuable comments, suggestions, and provisions that greatly

unending assistance in finishing this manuscript

deep insights for the completion of this study.

To the Cluster Head of the Business Department, Mrs. Rosalia C. De Guzman,

reviewing this manuscript.

and team goals.

To our respective parents, who have gave us strength when we thought of

Title Page ...................................................................................... I

Approval Sheet .............................................................................. II

Table of Contents ...........................................................................V

Statement of Problem ......................................................................5

Objective of the Study..............................................................................................7

Scope and Limitations..............................................................................................9

Significance of the Study.......................................................................................10

Chapter I  Management Aspect............................................................................15

About the Company...............................................................................................16

Form of Business Organization..............................................................................23

Job Description, Qualifications, and Responsibilities............................................29

Oraganization Chart ..............................................................................................53

Chapter II  Marketing Aspect................................................................................54

Chapter III  Technical Aspect................................................................................89

Location of the business........................................................................................89

Leasehold Improvement Cost................................................................................93

Equipment, Furniture, and Supplies......................................................................95

Uniform and ID.....................................................................................................112

Chapter IV  Financial Aspect..............................................................................115

Business Registration and Other Legal Fees......................................................118

Projected Financial Statements...........................................................................119

Notes to Financial Statements.............................................................................123

Chapter V  Socio-Economic Aspect..................................................................144

Corporate Social Responsibility...........................................................................146

Summary of Findings, Conclusion, and Recommendations..........................149-

BACKGROUND OF THE STUDY

remarkable technological advances. The garment itself was designed to be a man's

war, the t-shirt gained popularity as a stand-alone garment among civilians.

Renaissance and the Industrial Revolution, other less labor-intensive techniques

printing, became popular around the same time.

There are several methods for transferring a design to a shirt. Computer-

corporate marketing strategy, as they turn customers into "human billboards."

Chapter I Management Aspect............................................................................15

Chapter II Marketing Aspect................................................................................54

Chapter III Technical Aspect................................................................................89

Chapter IV Financial Aspect..............................................................................115

Chapter V Socio-Economic Aspect..................................................................144