Bus. Plan
Bus. Plan
Bus. Plan
SUBMITTED BY:
Republic of the Philippines
BATAC JUNIOR COLLEGE
Marco Franhill A. Arcangel Senior High School Department
Accountancy, Business and Management Strand
City of Batac 2906, Ilocos Norte
Jayvee D. Sapaden
Seannehmie L. Cariaga
Dee-Drei P. Dueñas
Charlemaine P. Pungtilan
Criscelle D. Rangcapan
Aiza A. Truelda
Business Plan
SUBMITTED TO:
Business Enterprise Simulation
Mrs. Agnes T. Fagaragan
Instructor
Executive Summary
Vision
Objectives
Chiz bites with a tagline: “Have a cheesy life with Chiz bites” was an innovation
created by young entrepreneurs to offer a snack for everyone. The ingredients gave a
variety of nutrients and vitamins. The over-all appearance would be eye-catching that
would surely attract the customers to buy. The benefits of the product were the following:
Oil 80
EXPENSES
Egg 35 TOTAL
Raw Materials Expenses ₱ 630
Bread crumbs 60
Utility Expenses 30
Milk 40
TOTAL PRODUCTION ₱ 660
COST
Skewers 20
The Chiz Bites business open up with a starting capital of Php1 100
for the budget in purchasing the raw materials needed to produce the
products and for the pre-operating expenses. The capital increased as
the business would success, expand and to be known in the market in
the near future. As a result, the business achieved its profit objectives
and the entrepreneurs have a great income.
Production and Sales Forecast of the Business
Purchases L2 1,149.50
Transportation Expense L5 72.00
Cash L1 1,221.50
To record goods bought and expense.
Cash L1 750.00
Sales L4 750.00
To record goods sold.
12 Purchases L3 914.50
Utilities Expense L7 180.00
Transportation Expense L5 48.00
Advertising Expense L8 183.00
Cash L1 1,325.50
To record goods bought and expenses.
Cash L1 2,250.00
Sales L4 2,250.00
To record goods sold.
Cash L1 750.00
Sales L4 750.00
To record goods sold.
12 Purchases L3 914.50
Utilities Expense L7 180.00
Transportation Expense L5 48.00
Advertising Expense L8 183.00
Cash L1 1,325.50
To record goods bought and expenses.
Cash L1 2,250.00
Sales L4 2,250.00
To record goods sold.
13 Purchases L3 949.00
Cash L1 949.00
To record goods bought.
Cash L1 2,920.00
Sales L4 2,920.00
To record goods sold.
14 Purchases L3 1,477.25
Transportation Expense L5 48.00
Cash L1 1,525.25
To record goods bought and expenses.
Cash L1 2,790.00
Sales L4 2,790.00
To record goods sold.
17 Purchases L3 ₱ 1,680.00
Transportation Expense L5 48.00
Cash L1 ₱ 1,728.00
To record goods bought and expense.
Cash L1 2,120.00
Sales L4 2,120.00
To record goods sold.
18 Purchases L3 953.00
Transportation Expense L5 48.00
Cash L1 1,001.00
To record goods bought and expenses.
Cash L1 2,510.00
Sales L4 2,510.00
To record goods sold.
19 Purchases L3 850.25
Transportation Expense L5 48.00
Cash L1 898.25
To record goods bought and expenses.
Cash L1 2,740.00
Sales L4 2,740.00
To record goods sold.
20 Purchases L3 715.00
Transportation Expense L5 24.00
Cash L1 739.00
To record goods bought and expense.
Cash L1 2,590.00
Sales L4 2,590.00
To record goods sold.
Cash L1 1,220.00
Sales L4 1,220.00
To record goods sold.
CHIZ BITES
Posting
For the 2 week Period Ended February 21, 2020
CASH L1
2020 EXPLANATION P/R DEBIT 2020 EXPLANATION P/R CREDIT
Feb 10 Initial investment J1 ₱ 1,100.00 Feb 10 Expenses J1 ₱ 1,221.50
10 Cash sales J1 750.00 12 Expenses J1 1,325.50
12 Cash sales J1 2,250.00 13 Goods bought J1 949.00
13 Cash sales J1 2,920.00 14 Expenses J1 1,525.25
14 Cash sales J1 2,790.00 17 Expenses J2 1,728.00
17 Cash sales J2 2,120.00 18 Expenses J2 1,001.00
18 Cash sales J2 2,510.00 19 Expenses J2 898.25
19 Cash sales J2 2,740.00 20 Expenses J2 739.00
20 Cash sales J2 2,590.00 21 Expenses J2 1,215.00
21 Cash sales J2 1,220.00
₱ 20,990.00 ₱ 10,512.50
₱ 10,477.50
PURCHASES L3
Feb 10 J1 ₱ 1,149.50
12 J1 2,914.50
13 J1 949.00
14 J1 1,477.25
17 J2 1,680.00
18 J2 953.00
19 J2 850.25
20 J2 715.00
₱ 8,688.50
SALES L4
Feb 10 J1 ₱ 750.00
12 J1 2,250.00
13 J1 2,920.00
14 J1 2,790.00
17 J2 2,120.00
18 J2 2,510.00
19 J2 2,740.00
20 J2 2,590.00
21 J2 1,220.00
₱ 19,890.00
TRANSPORTATION EXPENSE L5
Feb 10 J1 ₱ 72.00
12 J1 48.00
14 J1 48.00
17 J2 48.00
18 J2 48.00
19 J2 48.00
20 J2 24.00
₱ 336.00
UTILITIES EXPENSE L7
Feb 12 J1 ₱ 180.00
21 J2 45.00
₱ 225.00
ADVERTISING EXPENSE L8
Feb 12 J1 ₱ 183.00
CHIZ BITES
Trial Balance
February 21, 2020
Sales ₱ 19,890.00
Less: Cost of Sales 8,688.50
Gross Profit ₱ 11,201.50
Less: Operating Expenses
Salaries and Wages Expense ₱ 1,080.00
Transportation Expense 336.00
Utilities Expense 225.00
Advertising 183.00 ₱ 1,824.00
Net Income ₱ 9,377.50
CHIZ BITES
Balance Sheet
February 21, 2020
ASSETS
Current Assets
Cash ₱ 10,477.50
On our first day of simulating our business plan, we have made a total
of 75 pieces of Chiz Bites for the whole day and our expenses was Php
1,221.50. For the presentation of our product in our workplace, Ma’am
Agnes suggested to decorate it a bit to look presentable and interesting.
Day 2
Second day of simulation, we have made 225 pieces which was a lot
greater than our first day. We have predicted that we could sell plenty of it
but we didn’t expect that much that’s why we have ran out of ingredients
but we immediately bought ingredients that was needed and bought some
stocks for the next day.
Day 3
On this day was a special day because it’s a celebration for Valentine’s
Day and because of that we decided to have a promo which was “buy three
get one free drink”. We have produced a total of 279 pieces. Personal selling
was our strategy on selling because some of the students did not liked or a bit
lazy to go to the fourth floor.
Day 5
On this day we have produced a total of 212 pieces which was a bit lesser
than our fourth day. In the afternoon, we computed our cash on hand and our
expenses and how many were sold. In addition, we also bought some stocks
for the preparation on the next day.
Day 6
We did take turns in our assigned area so that all of us could experience
what each of us were doing. We have sold 251 sticks on this day which was
a good make up point from what we have sold on our fifth day.
Day 7
Like what we usually do, we made our product and 274 pieces
were sold. In the afternoon, we bought some of the ingredients,
plenty of food packaging supplies and raw materials because we
have almost run out of it.
Day 8
On this day we have sold 254 pieces which was lesser than our seventh day
because we didn’t prepare that much and we thought that it would be our last
day of selling. But then, they said that we have to sell on the next day even in
the morning only so we bought additional ingredients.
Day 9
Our last day of simulating our business plan was not enough. We only have a
limited of stocks to sold and some students want more of our product but sadly
we’ve ran out of stocks. There were only 122 pieces that were sold in the
morning. We were very happy because our simulation was a success plus, we
received our salaries.
To sum it up, the 1 week and 4 days of simulating our business plan
entitled “Chiz Bites” gave us a lot of experienced and lessons. We felt on
how to handle our own business, faced different circumstances every day
and at the same time enjoying and loving what we were doing. We learned
that there should be a division of labor so that the work would be easier, you
must maintain adequate stocks, even have a good relationship with your co-
workers and customers. You also need to be responsible on your designated
area and be patient as well.
We must always put smiles on our faces and be grateful of
what we have. We were delighted with the result of our task in
Business Enterprise Simulation and Entrepreneurship because
we learned a lot, enjoyed, and even loved our work more.
THANK YOU
FOR
LISTENING!