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    Expenses

    Uploaded by

    Jezerie Kaye T. Ferrer
    The treasurer's report summarizes the company's finances for January 2022. It shows total expenses of PHP 300,000 which equaled total sales, resulting in a net income of PHP 0. A proposed financial plan projects monthly sales of PHP 1,000,000 with gross income of PHP 500,000 and total operating costs of PHP 300,000, yielding projected monthly net savings of PHP 200,000.

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    Expenses

    Uploaded by

    Jezerie Kaye T. Ferrer
    49 views3 pages
    The treasurer's report summarizes the company's finances for January 2022. It shows total expenses of PHP 300,000 which equaled total sales, resulting in a net income of PHP 0. A proposed financial plan projects monthly sales of PHP 1,000,000 with gross income of PHP 500,000 and total operating costs of PHP 300,000, yielding projected monthly net savings of PHP 200,000.

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    The treasurer's report summarizes the company's finances for January 2022. It shows total expenses of PHP 300,000 which equaled total sales, resulting in a net income of PHP 0. A proposed financial plan projects monthly sales of PHP 1,000,000 with gross income of PHP 500,000 and total operating costs of PHP 300,000, yielding projected monthly net savings of PHP 200,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    49 views3 pages

    Expenses

    Uploaded by

    Jezerie Kaye T. Ferrer
    The treasurer's report summarizes the company's finances for January 2022. It shows total expenses of PHP 300,000 which equaled total sales, resulting in a net income of PHP 0. A proposed financial plan projects monthly sales of PHP 1,000,000 with gross income of PHP 500,000 and total operating costs of PHP 300,000, yielding projected monthly net savings of PHP 200,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    TREASURER´S REPORT

    BRRIJ ACCOUNTING FIRM


    JANUARY 2022

    COST VOLUME – PROFIT ANALYSIS


    Personnel Cost
    Salaries & Wages 99,525.00
    MATA 23,400.00
    SSS, Philhealth & Pag-ibig 12,000.00
    13th Mo. Pay 10,075.00 0.00
    Operating Cost
    Rent Expense 65,000.00
    Depreciation Expenses 15,000.00
    Power, Lights & Water 15,000.00
    Products & Materials Used in 5,000.00
    Operation
    Supplies & Materials 5,000.00
    Transportation Expenses 4,000.00
    Repairs & Maintenance 2,500.00
    Advertising & Promotion 2,500.00
    Miscellaneous Expenses 9,000.00
    Representation Expense 5,000.00 0.00
    Finance & Business Cost
    Interest Expenses 60.00
    Permits & Licenses 6273006.00 12,000.00
    Governance Cost
    Consultancy Fee 150.00

    TOTAL EXPENSES 300,000.00

    Sales 600,000.00
    Less: Cost of Sales 300,000.00
    Gross Income 300,000.00
    Less: Expenses 300,000.00
    NET INCOME 0.00

    Given: Sales P 600,000.00/Mo.


    20 Days

    Daily Sales P 30,000.00


    P 50.00
    No. of Customers 600

    PROPOSED FINANCIAL PLAN

    MONTHLY
    PARTICULARS DAILY ANNUALLY
    (20 Days)
    SALES PROJECTION
    12,000,000.0
    Total Sales (1,000 x P 60.00) 50,000.00 1,000,000.00
    0
    Less: Cost of Goods Sold 6,000,000.0
    25,000.00 500,000.00
    (50%) 0
    GROSS INCOME 25,000.00 500,000.00 6,000,000.00

         

    LESS: OPERATING EXPENSES      


    144,000.0
    Finance & Business Cost 600.00 12,000.00
    0
    1,740,000.0
    Personnel Cost 7,250.00 145,000.00
    0
    1,536,000.0
    Operating Cost 6,400.00 128,000.00
    0
    180,000.0
    Governance Cost 750.00 15,000.00
    0
    TOTAL OPERATING COST 15,000.00 300,000.00 3,600,000.00

         

    NET SAVINGS / (LOSS) 10,000.00 200,000.00 2,400,000.00


    PROPOSED EXPENSES
    MONTHLY
    PARTICULARS DAILY ANNUALLY
    (20 Days)
     
    FINANCE & BUSINESS COST    
    Interest Expenses 300.00 6,000.00 72,000.00
    Permit & Licenses 300.00 6,000.00 72,000.00
    Sub-Total 600.00 12,000.00 144,000.00
       
    PERSONNEL COST  
    Salaries & Wages 6,045.00 120,900.00 1,450,800.00
    MATA 1,170.00 23,400.00 280,800.00
    SSS Premium 496.50 9,930.00 119,160.00
    Philhealth 83.12 1,662.38 19,948.50
    Pag-Ibig 65.00 1,300.00 15,600.00
    Provision for 13th Mo. Pay 503.75 10,075.00 120,900.00
    Sub-Total 8,363.37 167,267.38 2,007,208.50
         
    OPERATING COST    
    Rent Expense 3,750.00 75,000.00 900,000.00
    Depreciation Expenses 750.00 15,000.00 180,000.00
    Power, Lights & Water 750.00 15,000.00 180,000.00
    Production Materials Used in Operation 250.00 5,000.00 60,000.00
    Supplies & Materials 250.00 5,000.00 60,000.00
    Transportation Expenses 200.00 4,000.00 48,000.00
    Repairs & Maintenance 125.00 2,500.00 30,000.00
    Advertising & Promotion 125.00 2,500.00 30,000.00
    Miscellaneous Expenses 100.00 2,000.00 24,000.00
    Laundry 100.00 2,000.00 24,000.00
    Sub-Total 23726.74. 486534.76.0 5838417.00
    00 0
         
    GOVERNANCE COST    
    Consultant Fee 750.00 15,000.00 180,000.00
    Sub-Total 750.00 15,000.00 180,000.00
         
    TOTAL OPERATING EXPENSES 16,113.37 322,267.38 3,867,208.56

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