BUSINESS PLAN

“ CHEESY BREADROLLWITH DIFFERENT SAUCES “

Chapter I
TDS FOOD CORPORATION
I.COMPANY NAME
TDS Food Corporation (The Deli-sauce-yo Snack Corporation)
Product Name
Premium Breadroll With Cheese Sauce
Tagline
Wake up, it’s Snack o’clock!
II.Mission
The Deli-sauce-yo Corporation shall be an organization that prioritizes
the quality of products,
affordability, customer satisfaction for sustainable development. We are
passionate about
cooking innovative snacks that taste great and make every snack time a
satisfying experience.
Vision
To be recognized as one of the leading snacks and sauce company 2025
that provides good
quality of product based on customer’s preferences, and passion to
serve. The Deli-sauce-yo
Corporation commits itself to grow and develop the business in a
sustainable manner.
III.Introduction
The Deli-sauce-yo was founded by a group of young entrepreneurs that
are currently at the 12
grade of Eastwoods College of Science and Technology. The
organization targets that the
customers will indulge into to the bread roll products and its homemade
sauce that in the inside
of the bread roll.
The green color of the company’s logo symbolizes growth and vitality,
associated with openness
to suggestions, innovation and renewal. Orange color links to the
warmth of a mother’s love
through homemade snacks that the product provides. Blue indicates the
confidence, reliability
and responsibility of the employees as they serve the customers with
passion.
Product Features
Our company serve bread roll with a sauce. The bread roll is classified
into two ears namely
Classic, and Premium. The customers can also choose from the two
flavors if the sauce; Garlic-
Mayo, and Cream n’ Cheese.

Chapter I
TDS FOOD
CORPORAT
ION
I.COMPANY NAME
TDS Food Corporation (The
Deli-sauce-yo Snack
Corporation)
Product Name
Premium Breadroll With
Cheese Sauce
Tagline
Wake up, it’s Snack o’clock!
II.Mission
The Deli-sauce-yo Corporation
shall be an organization that
prioritizes the quality of
products,
affordability, customer
satisfaction for sustainable
development. We are passionate
about
cooking innovative snacks that
taste great and make every
snack time a satisfying
experience.
Vision
To be recognized as one of the
leading snacks and sauce
company 2025 that provides
good
quality of product based on
customer’s preferences, and
passion to serve. The Deli-
sauce-yo
Corporation commits itself to
grow and develop the business
in a sustainable manner.
III.Introduction
The Deli-sauce-yo was founded
by a group of young
entrepreneurs that are currently
th
at the 12
grade of Eastwoods College of
Science and Technology. The
organization targets that the
customers will indulge into to
the bread roll products and its
homemade sauce that in the
inside
of the bread roll.
The green color of the
company’s logo symbolizes
growth and vitality, associated
with openness
to suggestions, innovation and
renewal. Orange color links to
the warmth of a mother’s love
through homemade snacks that
the product provides. Blue
indicates the confidence,
reliability
and responsibility of the
employees as they serve the
customers with passion.
Product Features
Our company serve bread roll
with a sauce. The bread roll is
classified into two ears namely
Classic, and Premium. The
customers can also choose from
the two flavors if the sauce;
Garlic-
Mayo, and Cream n’ Cheese.
 BY

Joshua U. Caranza
Jerome C. Manoguid
Eleonor T. Sumulat
John Matthew Obsuna

Chapter I

I. COMPANY NAME
“ Rock N’ Roll “
Product Name
 Cheesy Breadroll With different sauce

Tagline

Wake up, it’s Snack o’clock!

II.Mission

The Rock N Roll shall be an organization that prioritizes the quality of products,
affordability, and customer satisfaction for sustainable development. We are passionate about
cooking innovative snacks that taste great and make every snack time a satisfying experience.

Vision

To be recognized as one of the leading snacks and sauce company 2025 that provide good
quality products based on customers’ preferences, and passion to serve. The Deli-sauce-yo
Corporation commits itself to grow a developing op the business in a sustainable manner.

III.Introduction

The Rock N Roll was founded by a group of young entrepreneurs that are currently in
their 2nd year of students at Christian Polytechnic Institute of Catanduanes Inc. The organization
targets customers will who indulge in the bread roll products and the homemade sauce on the
inside of the bread roll. The green color of the company’s logo symbolizes growth and vitality,
associated with openness to suggestions, innovation, and renewal. Orange color links to the
warmth of a mother’s love through homemade snacks that the product provides. Blue indicates
the confidence, reliability, and responsibility of the employees as they serve the customers with
passion.

Product Features

Our company serve bread roll with a sauce. The bread roll is classified into two ears
namely Classic, and Premium. The customers can also choose from the two flavors if the sauce;
Garlic-Mayo, and Cream n’ Cheese.

Advantage to Competitors

Rock N Roll launches bread roll snacks that have a sauce on the inside. A typical bread
roll contains a hotdog or ham, and vegetables. Rock N Roll innovated this bread roll and added
cheese sauce on the inside that will not be visible to the naked eye of the customers. They will
eat snacks that they will not only enjoy but also their body health. They will indulge in
healthiness unconsciously while enjoying the snack.
IV.Target Customers

Rock N Roll targets everyone since this food is more accessible to sell to. They have
their allowance to create a decision on which product to buy as a snack. Some people usually fall
asleep in the afternoon, they need a finger food to enlighten themselves, that is why Rock N Roll
decided to innovate the typical snack into something healthy and apply the tagline “Wake up, it’s
snack o’clock”
.
V.Marketing Plan
“The aim of marketing is to know and understand the customer so well the product or
service fits him and sell itself.” –Peter Drucker. Rock N Roll plans to market the products
through social media applications. Rock n Roll targets students from Christian Polytechnic
Institute of Catanduanes Inc: a private school. This pertains to the majority of the students having
social media accounts including Facebook, Instagram, Twitter, etc. These are online applications
that make people connected with each other, products can be easily advertised (easily shared,
wider customer base, and have low cost. Rock N Roll can improve their profile and let other
people know about them through the use of the applications mentioned above. Rock N Roll can
post announcements, upcoming sales, promos and etc. on social media for them to easily spread
the information. Rock N Roll can gain more followers through social media advertising because
almost everyone is using social media and loves to scroll up and down to look for information
such as promos and sales on different businesses.

Description

“What makes you weird, makes you unique and therefore makes you stand out.” –Dan
Schawbel.To improve the Rock N Roll profile, the product should have a unique feature to stand
out. Rock N Roll offers on abread roll with a twist. Premium bread roll with cheese sauce is a
special one where in Rock N Roll added some ingredients on the original recipe of a bread roll, it
is healthier than usual because use it has vegetables, which are good for everyone who loves to
eat foods with benefits on it.

VI.Price

The Cheesy Bread roll with cheese sauce is only 50 pesos and it consists of 5 pieces per
bundle. Free shipping near our store but if it is far, the customer will provide another payment
for the shipping fee and it cost only 5 pesos.

VII. Ingredients

 ketchup
 Hot dogs
 Bread
 Cheese
Chapter II

COMPONENT OF A BUSINESS CONCEPT

2.1 ORGANIZATION AND MANAGEMENT

2.2 PRODUCTS AND SERVICES
2.3 TARGET/CUSTOMERS
2.4 MARKER POSITIONING AND DISTRIBUTION

2.1 ORGANIZATION AND MANAGEMENT

2.1.1 Who are you?

We are an organization that gives good quality products that are enjoyed by many,
students or adults that will surely enjoy our snack food. Because a simple bread roll that they
will buy in the stores that were made more delicious by us with added ingredients which
are vegetables. Our products are not only healthy but also budget-friendly. An organization
that wants a healthy you.

2.1.2 SWOT Analysis

• Strength

- Food replacement is instagramable.

- High-quality food, with unique ingredients.
- Shop design is attractive and easy to invite customers.
- Excellent customer service.
- More staff and drivers to deliver.

• Weaknesses

- Delivery may take longer due to various reasons.

- Staff turnover and found another store.
- Upgrading needs of the consumers.

• Opportunities

- Online presence including social media is active.

- Provide two types of sales.
- High technology is available.
- Adding more pastries.
- Few competitors in your area

 Threats

- Increase the price of the product.

- Negative reviews of customers on the shop.

- Negative information about the shop spread on social media.

- New competitors entering the market.

2.1.3 Vision and Mission Statement

 Mission

Rock N Roll shall be an organization that prioritizes the quality of products, affordability, and
customer satisfaction for sustainable development. We are passionate about cooking innovative
snacks that taste great and make every snack time a satisfying experience.

 Vision

To be recognized as one of the leading snacks and sauce companies in 2023 in the Catanduanes
that provides good quality products based on the customer’s preferences, and passion to serve.
Rock N Roll commits itself to growing and develop the business in a sustainable manner.

2.1.4 Management (Profiles/Organizational Structure)

 Functional Structure

 2.3 TARGET/CUSTOMERS

2.3.1 Target Market

Rock N Roll company targets junior and senior high school students, college students, adults and
teachers since this food is more accessible to sell because they have an online class that they
attend. They have their allowance to create a decision on which product to buy as a snack.

2.3.2 Customer Needs

 Some people usually fall asleep in the afternoon and also because of this pandemic
students, adults, and teachers are only in their houses, they need finger food to enlighten
themselves and boost their energy which is why Rock N Roll decided to innovate the typical
snack into something healthy, boost your energy and apply the tagline “Wake up, its SNACK
o’clock”.

 2.4 MARKET POSITIONING AND DISTRIBUTION

2.4.1 Competitive Advantage

Competitive Advantage

Bakery- Extra supply of foods that is affordable, especially to those people that is not have
enough money due to work exemption because of this pandemic. Also, bakery shops can give
some people a job to earn money and use as financial support for their fam.

FoodBuddy - We can provide services even if it has a pandemic. We are using social media
platforms. We can provide a service in person and the product that we provide is very
affordable.

2.4.2 Market Distribution

We can sell our product online. We can offer you this through social media or in person.
The premium bread roll with cheese is only 20 pesos and it consists of 5 pieces per bundle. It is
free shipping near our store but if it is far, the customer will provide another payment for the
shipping fee and it cost only 5 pesos. Even if it is online or in person we can give you a service.
We make this strategy to easily provide service and food to our customers so that we easily give
a snack that even though there is a pandemic we still give service and food to deliver to into their
house.

Chapter III

OPERATIONS AND MANAGEMENT PLAN

3.1 ORGANIZATIONAL MANAGEMENT THEORY

3.2 TYPES OF BUSINESS ORGANIZATION

3.3 ORGANIZATIONAL STRUCTURE/CHART

3.4 PERSONNEL/ADMINISTRATIVE

3.1 ORGANIZATIONAL MANAGEMENT THEORY

 Theory Z

It is focused on increasing employee loyalty to the company by providing a job for

life with a strong focus on the well-being of the employee, both on and off the job and promoting
stable employment, high productivity, and high employee morale and satisfaction.

 Advantages

1. Long Term Employment

2. Consensual Decision Making

3. Individual Responsibility

4. Holistic Concern

 Disadvantages

1. Participative management not welcomed

2. Reluctant to initiate

3. Employee Retention

3.2 TYPES OF BUSINESS ORGANIZATION

 Single Proprietorship

• Responsible for all aspects of the business and reaps all profits of the business.

 Advantages

1. Few government process

2. Tax advantages

3. Easy and inexpensive process

4. Simplified business ownership

 Disadvantage

1. Unlimited liability of the owner

2. Limitations on capital raising
3. It can be hard to take holidays
3.3 ORGANIZATIONAL STRUCTURE/CHART

Job Description Owner

- Meeting with service vendors or product suppliers to facilitate delivery

- Make buying trips to purchase inventory

- Creating a sales display

Financial

- Prepare regular financial reports.

- Assists in the presentation of reports of managers or executives.

- Implement the company's financial procedures and policy

Marketing

- Monitoring social media traffic measure the public’s perception of the company's brand

- Analyze the result of campaigns and make changes to outlast the competitors

- Conduct market research on competitors to augment marketing efforts

Production

- Take a supervisory role and ensure that the production process runs smoothly. -
They included anything from feeding materials into machinery

- Assembling items, packaging items or storing items’

 Job Specification

• Financial

- Experience in business or finance environment

- Superior mathematical skills

- Critical thinking and problem-solving skills

 • Marketing- Bachelor of Technical Vocational Teaching Education

- Communication skills

- Numerical skills

• Production- Leadership and interpersonal skills

- IT and numerical skills

- Must be able to speak and understand English

 Job Description Marketing (Staff)

- Conduct market research and analyze consumer rating reports and questionnaires
- Prepare and deliver promotional presentations

- Communicate directly with clients and encourage trusting relationships

• Financial (Staff)

- Maintaining the payroll

- Checking and correcting the accounting computations

- Should highlight the need for candidates who are focused on outcomes

• Production (Staff)

- Transporting materials and equipment to other areas or cleaning productions areas

- Testing finished products

- Perform one or several functions on a production line such as assembly or fabrication of

parts and products

 Job SpecificationMarketing (Staff)

- Proven experience as a marketing assistant

- Good knowledge of market research techniques and databases

- High school diploma BSc in marketing business or relevant field is a strong advantage

• Financial (Staff)

- Bachelor’s degree in business, finance, accounting or a related field

- Understanding of data privacy standards

- Excellent mathematical skills

• Production (Staff)

- High school diploma/GED required

- Strong work ethic and organizational skills

- Able to work on foot for extended periods of time.

3.4.1 Condition of Employee

3.4.1.1 Hours of work

Normal working hours- Employee works for eight hours from 6:30 a.m.until 3:30 p.m.

Overtime- Work may be performed beyond eight hours a day provided that the employee is paid
for the overtime work, which consists of an additional compensation equivalent to his regular
wage plus at least 25% thereof.Under time not offset by overtime- Article 88 of the Labor Code
enunciates that under time work on a business day shall not be offset by overtime work on any
other day. The law discourages the offset because the hourly rate of overtime is higher than the
hours missed when an employee works for less than eight hours. Permission given to the
employee to go on leave for a day in a regular work week shall not exemptthe employer from
paying the additional compensation required for the overtime work done.

3.4.1.2 Weekly Rest Period

Weekly rest is given to all employees, which every Sunday where the shop is also
closed. Employee don’t have a job every Sunday.3.4.1.3 Holidays with Pay (Regular/Special)

Holiday Pay Rules for an official regular holiday nationwide

If the employee did not work, he/she shall be paid 100 percent of his/her salary
for that day. If the employee works during the regular holiday, the employee shall be paid 200
percent of his/her regular salary for that day for the first eight hours. If the employee works more
than eight hours (overtime work), he/she shall be paid an additional 30 percent of his/her hourly
rate.If the employee works on his/her rest day, he/she shall be paid an additional 30 percent
ofhis/her daily rate of 200 percentIf the employee works more than eight hours (overtime work)
during a regular holiday that also falls on his/her rest day, he/she shall be paid an additional 30
percent of his/her hourly rate.

• There are 10 Regular Holidays:

 - New Year’s Day
- Maundy Thursday
- Good Friday
- Araw ng Kagitingan
- Labor Day
- Independence Day
- National Heroes Day
- Bonifacio Day
- Christmas Day
- Rizal Day

Holiday Pay Rules for a Special non-working day

If the employee did not work, no pay, unless there is a favorable company policy, practiceor
collective bargaining agreement (CBA) granting payment of wages on special days even if
unworked.If the employee works during the Special Non-Working Day, the employee shall be
paid 100 percent of his/her regular salary plus 30 percent of the daily rateIf the employee works
more than eight hours (overtime work), he/she shall be paid an additional 30 percent of his/her
hourly rate on said day for that day for the first eight hours.

• Special Non-working Holidays:

- Chinese New Year
- EDSA People Power Revolution
- Black Saturday
- Ninoy Aquino Day
- Oct 31st Special Non-working Day (not yearly holiday- depends on the president)
- All Saints Day
- Dec 31st Special Non-working Day

Holiday Pay Rules for Special Working holidays

For work performed, an employee is entitled only to his basic rate. No

premium pay is required since work performed on said days is considered work on ordinary
working.

3.4.1.4 Service Incentives Leave (Vacation, Sick, Maternity, Paternity)

Vacation Leave- Philippine employees are legally entitled to 5 days of paid ‘service incentive
leave’, which can be used for vacation or sick leave. However, we typically see good employers
offering 15 days of paid vacation and 15 days of paid sick leave for most professional level
positions in the Philippines. There are no rulings for carryover, and that aspect of the vacation
policy is left to the discretion of the employer. IT should also be noted that untracked / unlimited
PTO is extremely rare in the Philippines and brings with it some significant challenges.
Sick Leave- There is no statutory sick leave above what is mentioned above in The Philippines.
That being said, employee contracts, company policy, and collective bargaining agreements
often include sick leave benefits. An employee who has paid at least three monthly Social
Security contributions in the 12 month period prior to the illness or injury, is confined for more
than three days in a hospital or elsewhere, and has the approval of the SSS, is entitled to be paid
by hisemployer at 90% of his average daily salary per day of confinement, but only after all sick
leave with pay due from the employer has been exhausted. The employer is entitled to 100%
reimbursement from SSS. The employee must submit directly to SS to receive reimbursement.

Maternity Leave- Female workers who have contributed to Social Security for at least 3 months
of the prior 12 months are eligible for 60 days of paid leave at their daily salary rate for the first
four pregnancies. 78 days of paid leave is provided for caesarian deliveries. A female member of
the Social Security System(SSS) who has paid at least 3 monthly contributions in the twelve-
month period immediately preceding the semester of her childbirth or miscarriage shall be paid a
daily maternity benefit equivalent to 100% of her average daily salary. The benefit is for 60 days
for normal delivery and 78 days for caesarian delivery for the first four deliveries an
miscarriages.

Paternity Leave- Married male employees are eligible for seven days of paid paternity leave for
their first four children, as long as they live in the same household. Leave must be taken within
60 days of the birth. Employer pays the employee at time of the leave, and they then submit for
reimbursement to the SSS.

3.4.1.5 Wages

15 Days Monthly
Marketing Php 5,000 Php 10,000
Production Php 5,000 Php 10,000
Financial Php 5,000 Php 10,000
Staff Php 4,000 Php 8,000

3.4.1.6 Payment of Wages

They received their payment through cash and the place of payment is at the financial office. It
will be given atleast twice a month at intervals not exceeding sixteen days.

3.4.2 Health, Safety and Welfare Benefits

A. Mealtime
 We decided to give a 30 minutes break in morning from 8:30 a.m. to 9:00 a.m. to regain
their energy due to the early opening. And 1 hour lunch break from 11:30 a.m. to
12:30p.m.
B. SSS and Pagibig
The Social Security System (SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is
a state-run, social insurance program in the Philippines to workers in the private,
professional and informal sectors. SSS is established by virtue of Republic Act No. 1161,
better known as the Social Security Act of 1954. This law was later amended by Republic
Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate
state-pension fund by the Government Service Insurance System (GSIS).-SSS is an
insurance program mandated by the government to all income earners or workers in the
company. In exchange for the said monthly contributions, members will enjoy insurance
benefits such as sickness, maternity, disability, retirement, death and funeral and salary
loan.The Home Development Mutual Fund (abbreviated as HDMF), more popularly
known as the Pag-IBIG Fund, is a Philippine government-owned and controlled
corporation under the Department of Human Settlements and Urban Development
responsible for the administration of the national savings program and affordable shelter
financing for Filipinos employed by local and foreign-based employers as well as
voluntary and self-employed members. It offers its members short-term loans and access
to housing programs.-PAG-IBIG Fund has been known to provide housing loans to
members. This enables them to have enough money to pay for their dream house. The
purpose of a PAG IBIG Loan is to provide financial assistance to members who need
livelihood, medical and even educational assistance.

C. 13th Month Pay

Filipino law requires that the extra pay be given no later than December 24th, however, it
isstrongly recommended that the 13th month salary be paid as early in December as
possible.Culturally, the Christmas holiday is very important to Filipinos and the 13th
month pay istypically used to buy Christmas gifts. The earlier in December an employer
can provide 13thmonth pay for its Filipino employees, the more the employees will
appreciate it. Not usual,but sometimes this is given ½ in June. This is a small bonus to
cover employees’ children’sschool fees are due at the start of the school year (June)
D. Phil Health Insurance
The Philippine Health Insurance Corporation (Phil Health) was created in 1995 to
implement universal health coverage in the Philippines. It is a tax-exempt, government-
owned and controlled corporation (GOCC) of the Philippines, and is attached to the
Department of Health. Its stated goal is to "ensure a sustainable national health insurance
program for all", according to the company. In 2010, it claimed to have achieved
"universal" coverage at 86% of thepopulation, although the 2008 National Demographic
Health Survey showed that only 38 percent of respondents were aware of at least one
household member being enrolled in Phil Health. Nevertheless, this social insurance
 program provides a means for the healthy to pay for the care of the sick and for those
who can afford medical care to subsidize those who cannot. Both local and national
governments allocate funds to subsidize the indigent.-Phil Health is around to provide
healthcare benefits to all worker members. Its main goalis to ensure the health of every
employee through social health insurance regardless of social status: poor, rich, young,
old, sick, healthy, working or jobless.

Chapter IV

MARKET ANALYSIS AND MARKETING PLAN

4.1 MARKET DESCRIPTION/ANALYSIS

4.2 COMPETITORS ANALYSIS
4.3 MARKETING STRATEGY
4.1.1 MARKET DESCRIPTION / ANALYSIS

What is your target market?

Rock N Roll targets the junior, senior, college students, adults and teachers
because they have online class and work every day. They have a choice to have their own
snack when they have free time.

What is the demographic of your target market?

The Deli-sauce-yo corp. wants to give and provide a service aim any age,
gender, location, or status of the customer.

What are their needs?

Some people needs snacks if they have free time especially if they are tired
on their work. So they need this snack to enlighten and boost their energy. That's
whyTDS makes typical snack into something healthy and boost energy.
What is their purchasing behaviour?

It depends to our customers if they want to buy a bundle or add something for their
snacks.

4.2 COMPETITORS ANALYSIS

Indirect Competitors
 Advantages

Extra supply of foods that is affordable especially to those people that is no

enough money due towork exemption because of this pandemic. Also bakery shops can
give some person a job to earnmoney and use as a financial support for their fam.

Disadvantages

• Their products are easily perish

• High price of ingredients/ products
• Small profit margin
• Extreme competition

4.3 MARKETING STRATEGY

We attract the customers in the way of presenting our product and on
how we entertain each and every person with just our skills in persuading every
individuals with our product. In the other side, we retain our customer’s attention by
giving a full service and good quality of product in order for the loyalty to instill
forever.Advertising and Sales Promotion is the best way to sell our products. Because of
this pandemic, we used advertising through social media platform, we persuade the
customers and promote our products to everyone. Sales promotion will be use after this
pandemic because we will conduct afree taste or samples to everyone so they can decide
to buy our products

CHAPTER V

OPERATIONS AND FUNDING REQUEST

5.1 PRODUCT AND ITS RAW MATERIALS

5.2 SUPPLIER OF RAW MATERIALS

5.3 PRODUCTION PROCESS AND SCHEDULE

5.4 PROJECT SITE / PROJECTED LAY OUT

5.5 MACHINERIES AND EQUIPMENT

5.6 WASTE AND WASTE DISPOSAL METHOD

5.1 PRODUCT AND ITS RAW MATERIALS

Sample Picture of the product

List of all raw materials

• Bread
• Egg
• Hotdogs
• Cheese
• Oil
• Mayonnaise

5.2 SUPPLIER OF RAW MATERIALS

Name of Supplier : What to supply :

• Magnolia Cheese
• Magnolia Hotdogs
• Mscs Primegoods Mayonnaise
• Gardenia Bakery Bread
• Magnolia Egg
• Market Breadcrumbs
• Market Oil

5.3 PRODUCTION PROCESS AND SCHEDULE

Production Process

• Flatten all bread to be used while frying hotdog then slice the cheese
• Prepare all ingredients hotdog, bread,breadcrumbs, egg, and the mayonnaise with
ketchup.

• Prepare breadcrumbs and egg.Dip bread roll it beaten egg then roll it in breadcrumbs.
Heat oil in a pan and fry until golden brown.
• Put hotdog, and cheese in each flatten breadthen roll it use toothpick to secure the bread.
5.4 WASTE AND WASTE DISPOSAL METHOD

What will you do with your waste?

TDS has a vegetable waste, these wastes can be treated for biofuel production through
fermentation or else used for composting.

CHAPTER VI

FINANCIAL PLAN

6.1 STATEMENT OF FINANCIAL POSITION

6.2 STATEMENT OF COMPREHENSIVE INCOME

6.3 STATEMENT OF CHANGES IN OWNERS EQUITY

6.1 STATEMENT OF FINANCIAL POSITION

TDS Food Corporation

Statement of Financial Position

As of December 9, 2020
Asset

Current Asset

Cash 300,000

Supplies 1,100

Total Current Asset 301,100

Non current Asset

Equipment 109,750

Furnitures and Fixtures 30,000

Total Non Current Asset 139,750

Total Asset 440,850

Liabilities and Owners Equity

Liabilities

Non Current Liabilities

Loans Payable 220,420

Total of Non Current Liabilities 220,420

Total of Liabilities 220,420

Owners Equity

Capital 220,430

Total Liabilities ad Owners Equity ₱440,850

SALES

Premium Breadroll with Cheese Sauce

Premium Breadroll with Barbeque Sauce

Premium Breadroll with Mayonnaise Sauce

Premium Breadroll with Garlic Sauce

Premium Breadroll with Sour Cream Sauce

6.2 STATEMENT OF COMPREHENSIVE INCOME

TDS Food Corporation

Statement of Comprehensive Income

As of December 9, 2020

Revenue:

Sales 202,500

Expenses: Utility Expense 3,000 Salaries Expense

38,000 Rent Expense 2,000

Advertising Expense 1,300

Taxes and License 3,000

Total Expense (47,300)

Net Income ₱155,200

6.3 STATEMENT OF CHANGES IN ONWERS EQUITY

Rock n Roll Statement of Changes in Owners’ Equity

For the Year ended December 31, 2020

Rock N Roll. Capital, January 1, 2020 220,430

Add: Net Income for the year 2020 155,200

Additional Investment 12,300 167,500

Subtotal: 387,930

Less:

Withdrawals for the year (300,000)

TDS Food Corp. Capital, December 31, 2019 PHp 87,930