FinancialProjectionandBudgetPlan

ProjectedIncomeStatementofBABESFoodTruck
IncomeStatement
Year1
Year2(20%)
Revenue
Sales
CostofSale
CostofSale
GrossIncome

Php.4,813,750

Year3(40%)

Php.5,776,500

Php.8,087,100

Php.2,215,500
Php.2,598,250

Php.2,658,600
Php.3,117,900

Php.3,722,040
Php.4,365,060

Advertising/Promotion
Compensation
Lease
OrganizationalFee
Equipments
Others
Electricity
Water
Maintenance
TotalOperatingExpense

Php.61,999
Php.696,000
Php.120,000
Php.20,000
Php.38,963

Php.61,999
Php.696,000
Php.120,000
Php.20,000
Php.38,963

Php.61,999
Php.696,000
Php.120,000
Php.20,000
Php.38,963

Php.60,000
Php.18,000
Php.50,000
Php.1,064,962

Php.60,000
Php.18,000
Php.50,000
Php.1,064,962

Php.60,000
Php.18,000
Php.50,000
Php.1,064,962

NetIncome

Php.1,533,288

Php.2,052,938

Php.3,300,098

ProjectedBalanceSheetofBABESFoodTruck

Cash
Inventory
TotalCurrent
Asset
FixedAsset
FoodTruck
Equipments
TotalAsset
OwnersEquity

BalanceSheet
Year1
Year2
Php.100,000
Php.1,633,288
Php.1,469,300
Php.1,469,300
Php.1,569,300
Php.3,102,588

Php.800,000
Php.38,963
Php.2,408,263

Php.150,000
(Maintenanceand
Repair)
Php.38,963
Php.3,291,551

Year3
Php.2,152,938
Php.1,469,300
Php.3,622,238

Php.150,000
(Maintenanceand
Repair)
Php.38,963
Php.3,811,201

Paidincapital
RetainedCapital
TotalEquity

Php.2,408,263

Php.2,408,263

Php.2,408,263
Php.883,288
Php.3,291,551

Php.2,408,263
Php.1,402,938
Php..3,811,201

ProjectedCashFlowofBABESFoodTruck

NetIncome

CashFlow
Year1
Php.1,533,288

Year2
Php.2,052,938

Year3
Php.3,300,098

FinancialActivity
CashInvestments

Php.2,408,263

Php.2,408,263

Php.2,408,263

CashReconciliation
BeginningCash
ChangeinCash
EndingCash

Php.100,000
Php.1,533,288
Php.1,633,288

Php.1,633,288
Php.2,052,938
Php.3,686,226

Php.3,686,226
Php.3,300,098
Php.6,986,324

ProjectedBreakevenReportofBABESFoodTruck
Menu
ChickenTenders
Selfie
Duo
Groupie
DoubleDippedFried
Chicken
Selfie
Duo
BaconWrappedMeatloaf
Selfie
Duo
FriedMacandCheese
Selfie
CheeseFrieswithbacon
Selfie
Duo
Groupie
FriedOreos
Selfie
Duo
Groupie
FriedChocolateBars
Selfie
Duo
Groupie
BurgerFattie
Duo
Groupie
BeefSupremeNachos
Selfie
Duo
Groupie

BreakevenofSales
Price
Target
Sale

Days

TotalSaleper
Menu

70
120
180

4
4
4

300
300
300

Php.84,000
Php.144,000
Php.216,000

100
170

6
7

300
300

Php.180,000
Php.357,000

100
130

7
7

300
300

Php.210,000
Php.273,000

100

11

300

Php.330,000

80
120
160

4
4
4

300
300
300

Php.96,000
Php.144,000
Php.192,000

50
100
150

3
4
4

300
300
300

Php.45,000
Php.120,000
Php.180,000

25
45
70

6
3
2

300
300
300

Php.45,000
Php.40,500
Php.42,000

250
350

3
2

300
300

Php.225,000
Php.210,000

40
130
180

4
3
3

300
300
300

Php.96,000
Php.117,000
Php.162,000

Total:Php.3,508,000

Menu
ChickenTenders
Selfie
Duo
Groupie
DoubleDippedFried
Chicken
Selfie
Duo
BaconWrappedMeatloaf
Selfie
Duo
FriedMacandCheese
Selfie
CheeseFrieswithbacon
Selfie
Duo
Groupie
FriedOreos
Selfie
Duo
Groupie
FriedChocolateBars
Selfie
Duo
Groupie
BurgerFattie
Duo
Groupie
BeefSupremeNachos
Selfie
Duo
Groupie

BreakevenofVariableCost
Price
Target
Sale

Days

TotalSaleper
Menu

45
90
100

4
4
4

300
300
300

Php.54,000
Php.108,000
Php.120,000

60
110

6
7

300
300

Php.108,000
Php.231,000

70
100

7
7

300
300

Php.147,000
Php.210,000

25

11

300

Php.82,500

30
70
110

4
4
4

300
300
300

Php.36,000
Php.84,000
Php.132,000

15
40
95

3
4
4

300
300
300

Php.13,500
Php.48,000
Php.114,000

15
35
60

6
3
2

300
300
300

Php.27,000
Php.31,500
Php.36,000

200
300

3
2

300
300

Php.180,000
Php.180,000

40
90
140

4
3
3

300
300
300

Php.48,000
Php.81,000
Php.126,000

Total:Php.2,197,500

Menu
ChickenTenders
Selfie
Duo
Groupie
DoubleDippedFried
Chicken
Selfie
Duo
BaconWrappedMeatloaf
Selfie
Duo
FriedMacandCheese
Selfie
CheeseFrieswithbacon
Selfie
Duo
Groupie
FriedOreos
Selfie
Duo
Groupie
FriedChocolateBars
Selfie
Duo
Groupie
BurgerFattie
Duo
Groupie
BeefSupremeNachos
Selfie

BreakevenofContributionMargin
Price
Target
Days
Sale

TotalSaleper
Menu

25
40
80

4
4
4

300
300
300

Php.30,000
Php.48,000
Php.96,000

40
60

6
7

300
300

Php.72,000
Php.126,000

30
30

7
7

300
300

Php.63,000
Php.63,000

75

11

300

Php.247,500

50
50
50

4
4
4

300
300
300

Php.60,000
Php.60,000
Php.60,000

35
60
55

3
4
4

300
300
300

Php.31,500
Php.72,000
Php.66,000

10
10
10

6
3
2

300
300
300

Php.180,000
Php.90,000
Php.60,000

50
50

3
2

300
300

Php.45,000
Php.30,000

40

300

Php.48,000

Duo
Groupie

40
3
40
3
Total:Php.1,323,000

300
300

Php.36,000
Php.36,000

Breakevensales(fixedcost/contributionmargin)
1,059,701/63.50%=1,668,820.47
BreakevenSales=Php.1,668,820.47
BreakevenSalesperday=Php.5562.73/day
ChickenTenders
Selfie
Duo
Groupie
DoubleDippedFriedChicken
Selfie
Duo
BaconWrappedMeatloaf
Selfie
Duo
FriedMacandCheese
Selfie
CheeseFrieswithbacon
Selfie
Duo
Groupie
FriedOreos
Selfie
Duo
Groupie
FriedChocolateBars
Selfie
Duo
Groupie
BurgerFattie
Duo
Groupie

1668820.47
1668820.47
1668820.47

70
120
180

23840
13907
9271

1668820.47
1668820.47

100
170

16688
9817

1668820.47
1668820.47

100
130

16688
12837

1668820.47

100

16688

1668820.47
1668820.47
1668820.47

80
120
160

20860
13907
10430

1668820.47
1668820.47
1668820.47

50
100
150

33376
16688
11125

1668820.47
1668820.47
1668820.47

25
45
70

66753
37085
23840

1668820.47
1668820.47

250
350

6675
4768

BeefSupremeNachos
Selfie
Duo
Groupie

Breakevenunits
BreakevenUnit
BreakevenUnit/Day

1668820.47
1668820.47
1668820.47

40
130
180

41721
12837
9271

429,074
1,430/day

FinancialRatio

CurrentAssets
Php.1,569,300
(CurrentAssets
Inventory)
(Php.1,569,300Php.
1,469,300)
(CurrentAssetsCurrent
Liabilities)
(Php.1,569,300Php.
1,064,962)

/
/

Liquidity
CurrentLiabilities
Php.1,064,962
CurrentLiabilities

CurrentRatio
1.47
QuickRatio

Php.1,064,962

0.094

Sales

NetworkingcapitaltosalesRatio

Php.4,813,750

0.104

Profitability
GrossIncome
Php.2,598,250
OperatingIncome
Php.1,533,288
NetIncome
Php.1,533,288

/
/
/

Sales
Php.4,813,750
Sales
Php.4,813,750
Sales
Php.4,813,750

GrossProfitMargin
.54
OperatingProfitMargin
.32
Netprofitmargin
.32

ProgramBudget
HumanResource
PersonnelSalary
1. HeadChef
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.5,000
Php.750
Php.5,750

2. LineCook1
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.4,000
Php.600
Php.4,600

3. LineCook1
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.4,000
Php.600
Php.4,600

4. Cashier
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.3,500
Php.525
Php.4,025

5. Driver
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.3,000
Php.450
Php.3,450

6. WindowServer1
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.3,000
Php.450
Php.3,450

7. WindowServer2
(50%offullcompensation)
Fringeof15%
TotalPersonnelExpense

Php.3,000
Php.450
Php.3,450

ProgramBudget
Marketing
AdministrativeExpenses
Advertisementand
Promotion
DepartmentAllowance

Php.61,999
Php.15,000
______________
Php.76,999

ProgramBudget
Operating
AdministrativeExpenses
Equipments
Others
Electricity
Water
Maintenance
Total

Php.36,463
Php.60,000
Php.18,000
Php.50,000
Php.164,463

ProgramBudget
GeneralManager
AdministrativeExpences
Lease

Php.120,000

OrganizationalFee
Total:

Php.20,000
Php.140,000

RequestLetterforCheckingAccount
Mrs.KaySanchez
Bankbranchmanager(BPI)
289ShawBlvd.cor.AraulloSt.
MandaluyongCity,MetroManila(1551)

Subject:Requestforbankaccountopening
DearMadam,
Withthisletterweherebywishtosubmitarequestforopeningcompanycurrent
accountinyourbranchintheMandaluyongCity.Wearegoingtocommenceoperations
alongMetroManilastartingfromMarch27,2015.Weplantostartfulloperationswithyour
bankforournewbusinessventure.
WekindlyaskyoutofacilitateouraccountinthenameofBABESFoodTruckin
yourbranchassoonaspossible.Wewillprovidealltheinformationanddocumentsthatyou
mayrequireforthispurpose.
LookingforYourFavorableReply,
Sincerely,

Ms.RhonaBelleA.Blances
FinancialManager
BABESFoodTruckCompany