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    Jan Feb Mar Jun Jul Aug Sep Oct Nov Dec Total Capital Net Sales Expenses

    Uploaded by

    Mary MAy Matabang
    This document contains the projected income statements for a business called Milky Yummy for its first two years. In year one, the capital was PHP 8,000 and expenses totaled PHP 67,760. The gross profit was PHP 111,000 resulting in a net income of PHP 43,240. In year two, expenses decreased slightly to PHP 66,600 while sales and gross profit remained the same at PHP 111,000, leading to a higher net income of PHP 44,400.

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    Jan Feb Mar Jun Jul Aug Sep Oct Nov Dec Total Capital Net Sales Expenses

    Uploaded by

    Mary MAy Matabang
    45 views3 pages
    This document contains the projected income statements for a business called Milky Yummy for its first two years. In year one, the capital was PHP 8,000 and expenses totaled PHP 67,760. The gross profit was PHP 111,000 resulting in a net income of PHP 43,240. In year two, expenses decreased slightly to PHP 66,600 while sales and gross profit remained the same at PHP 111,000, leading to a higher net income of PHP 44,400.

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    This document contains the projected income statements for a business called Milky Yummy for its first two years. In year one, the capital was PHP 8,000 and expenses totaled PHP 67,760. The gross profit was PHP 111,000 resulting in a net income of PHP 43,240. In year two, expenses decreased slightly to PHP 66,600 while sales and gross profit remained the same at PHP 111,000, leading to a higher net income of PHP 44,400.

    Copyright:

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

    Jan Feb Mar Jun Jul Aug Sep Oct Nov Dec Total Capital Net Sales Expenses

    Uploaded by

    Mary MAy Matabang
    This document contains the projected income statements for a business called Milky Yummy for its first two years. In year one, the capital was PHP 8,000 and expenses totaled PHP 67,760. The gross profit was PHP 111,000 resulting in a net income of PHP 43,240. In year two, expenses decreased slightly to PHP 66,600 while sales and gross profit remained the same at PHP 111,000, leading to a higher net income of PHP 44,400.

    Copyright:

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

    Jan Feb Mar Jun Jul Aug Sep Oct Nov Dec TOTAL

    Capital Php Php 8,000.00


    8,000.00
    Net Sales 12,000.00 Php Php Php Php Php Php Php Php Php 111,000.00
    12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 9,000.00 9,000.00 9,000.00
    Expenses
    Water 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 750.00 750.00 750.00 9,250.00
    Flavored 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 2,700.00 2,700.00 2,700.00 33,300.00
    Powder
    Ice 800.00 800.00 800.00 800.00 800.00 800.00 800.00 600.00 600.00 600.00 7,400.00
    Evaporada 600.00 600.00 600.00 600.00 600.00 600.00 600.00 450.00 450.00 450.00 5,550.00
    Milk
    Jelly 400.00 400.00 400.00 400.00 400.00 400.00 400.00 300.00 300.00 300.00 3,700.00
    Container 100.00 100.00
    Glass 800.00 800.00 800.00 800.00 800.00 800.00 800.00 600.00 600.00 600.00 7,400.00
    Ladle 80.00 80.00
    Knife 30.00 30.00
    Nail 50.00 50.00
    Plywood 250.00 250.00
    Lumber 350.00 350.00
    Labor 300.00 300.00
    TOTAL 67,760.00
    EXPENSE
    Gross Profit Php Php Php Php Php Php Php Php Php Php 111,000.00
    12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 9,000.00 9,000.00 9,000.00
    Net Php43,240.00
    Income/Los
    s
    Table 9: Projected Income Statement for year 1

    This is the projected income statement of Milky Yummy. In the first year the owner have Php 8,000.00 as the
    capital. The expense for one year is Php 67,760.00. The gross profit is Php 111,000.00. The business net income in one
    year is Php 43,240.00
    26

    Jan Feb Mar Jun Jul Aug Sep Oct Nov Dec TOTAL

    Net Sales Php Php Php Php Php Php Php Php Php Php Php
    12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 9,000.00 9,000.00 9,000.00 111,000.00
    Expenses

    Water 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 750.00 750.00 750.00 9,250.00

    Flavored 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 2,700.00 2,700.00 2,700.00 33,300.00
    Powder
    Ice 800.00 800.00 800.00 800.00 800.00 800.00 800.00 600.00 600.00 600.00 7,400.00

    Evaporada Milk 600.00 600.00 600.00 600.00 600.00 600.00 600.00 450.00 450.00 450.00 5,550.00

    Jelly 400.00 400.00 400.00 400.00 400.00 400.00 400.00 300.00 300.00 300.00 3,700.00
    Glass 800.00 800.00 800.00 800.00 800.00 800.00 800.00 600.00 600.00 600.00 7,400.00

    TOTAL 66,600
    EXPENSE

    Gross Profit Php Php 1 Php Php Php Php Php Php Php Php 111,000.00
    12,000. 00 12,000.00 2,000.00 12,000.00 12,000.00 12,000.00 12,000.00 9,000.00 9,000.00 9,000.00
    Net Php
    Income/Loss 44,400.00

    Table 10: Projected Income Statement for year 2

    The business expense for the second year is Php 66,600.00 . The gross profit is Php 111,000.00 and the
    net income is Php 44,400.00.
    27

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