Edited FS

Footwear Laundry Shop
CHAPTER VI
FINANCIAL FEASIBILITY
A. Sources of Funds
The proposed Footwear Laundry Shop is engaged in a service business
owned by a partnership. The fund covers approximately one million two hundred
thousand pesos (Php 1, 200, 000. 00), broken down as follows:
Allan, Desiree Joy, contributed capital Php 600, 000.00
Prado, Vhen Kelly, contributed capital Php 600,000.00
Total Contributed Capital Php 1, 200, 000.00
YEAR 2020 2021 2022 2023 2024

Projected Annual and Monthly Service Revenue
Monthly Average
Service Revenue 116,666.67 128,333.33 143,733.67 162,418.67 186,781.47
Annual Average Service
Revenue 1,400,000 1,540,000 1,724,000 1,949,024 2,241,377.60
Monthly Cost of Service 29,166.67 32,083.33 35,933.33 40,604.67 46,695.37
Annual Cost of Service 350,000 385,000 431,200 487,256 560,344.40
Monthly Operating
Expenses 79,308.70 83,475.37 89,008.70 94,435.37 100,566.37
Annual Operating
Expenses 951,704.40 1,001,704.40 1,068,104.40 1,133,224.40 1,206,796.40
Monthly Net Income 7,074.66 10,242.99 14,459.99 20,708.35 29,548.01
Annual Net Income 84,895.92 122,915.92 173,519.92 248,500.24 354,576.09
In (5) Five Years, Return of Contributed Capital is more than 50%
BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

Business Administration
1.) Cost of Service
In every year the Footwear Laundry Shop cost of service is 25% of the
service revenue.
2.) Commission on Service
Each employee will be receiving a 10% commission in every pair of shoes
the customer will request and be serviced.
3.) Operating Expenses
The operating expense is increasing yearly because of the following:
a.) Electricity and Water
The increase in electricity and water is due to the increased in the
volume of items being serviced.
b.) Advertising
The expenses in advertising is increasing yearly because of the
possibilities that can promote or advertise the footwear laundry shop such
as: flyers, tarpaulins, creating a website, boosting the page in social
media, radio and television stations.

c.) Taxes and Licenses
Every year, we gain in sales that is why taxes and licenses are
getting high too.
d.) Miscellaneous
The miscellaneous expense is increasing because the business is
growing.
e.) Rent Expense
Every year, the usual rent increases by 10% as stipulated in our
lease contract with the landlord.
f.) Gas and Oil
Every year, there is an increase in gas and oil because the value of
our money is decreasing and the demands of the customers to deliver in
their doorstep is high when they don’t have time to pick-up the footwear
and especially on rainy seasons.

A.)Projected Income Statement
FOOTWEAR LAUNDRY SHOP

Projected Income Statement
As of Year 2020-2024
YEAR 2020 2021 2022 2023 2024
Service Revenue 1,400,000 1,540,000 1,724,000 1,949,024 2,241,377.60

Cost of Service (25%) 350,000 385,000 431,200 487,256 560,344.40
Net of Gross Income 1,050,000 1,155,000 1,292,800 1,461,768 1,681,033.20
Less: Operating Expenses
Salary 499,200 514,800 530,400 546,000 561,600
Electricity 48,000 54,000 60,000 65,000 71,000
Water 72,000 76,000 80,000 85,000 92,000
Advertising Expense 6,000 8,000 10,000 12,000 14,000
Taxes and Licenses 6,000 10,000 14,000 18,000 22,000
Fire Extinguisher 8,000 1,400 10,000 2,000 12,000
Miscellaneous Expense 9,500 10,500 11,500 12,500 13,500
Telephone and Internet
Expense 18,000 18,000 18,000 20,000 20,000
Rent Expense 120,000 132,000 145,200 159,720 175,692
Gas and Oil 24,000 36,000 48,000 72,000 84,000
SSS Premium 16,350 16,350 16,350 16,350 16,350
PhilHealth 10,500 10,500 10,500 10,500 10,500
Pag-Ibig 6,000 6,000 6,000 6,000 6,000
Depreciation Expense –
Machineries & Equipment 37,700 37,700 37,700 37,700 37,700
Delivery Equipment 40,000 40,000 40,000 40,000 40,000
Furniture & Fixtures 27,604.40 27,604.40 27,604.40 27,604.40 27,604.40
Office Equipment 2,850 2,850 2,850 2,850 2,850
Total Operating Expenses 951,704.40 1,001,704.40 1,068,104.40 1,133,224.40 1,206,796.40
Net Income Before Tax 98,295.60 153,295.60 224,695.60 328,543.60 474,236.80
Provision for Income Tax 13,399.68 30,379.68 51,175.68 80,043.36 119,660.71
Net Income After Tax 84,895.92 122,915.92 173,519.92 248,500.24 354,576.09

YEAR 2020 2021 2022 2023 2024

Projected Monthly Service Revenue
Monthly Average Service
Revenue 116,666.67 128,333.33 143,733.67 162,418.67 186,781.47
Monthly Cost of Service 29,166.67 32,083.33 35,933.33 40,604.67 46,695.37
Monthly Operating
Expenses 79,308.70 83,475.37 89,008.70 94,435.37 100,566.37
Monthly Net Income 7,074.66 10,242.99 14,459.99 20,708.35 29,548.01
In (5) Five Years, Return of Contributed Capital is more than 50%

B.) Projected Balance Sheet

Projected Balance Sheet
YEAR 2020 2021 2022 2023 2024
ASSETS
Current Assets
Cash 227,126 420,296.32 665,806.64 986,746.56 1,410,876.64
Supplies 81,300 81,300 81,300 81,300 81,300
Accounts Receivable - - - - -
Total Current Assets 308,426 501,596.32 747,106.64 1,068,046.56 1,492,176.64
Non-Current Assets
Machinery and
Equipment 565,500 565,500 565,500 565,500 565,500
Less Accumulated
Depreciation (37,700) (75,400) (113,100) (150,800) (188,500)
Net Machinery and
Equipment 527,800 490,100 452,400 414,700 377,000
Delivery Equipment 200,000 200,000 200,000 200,000 200,000
Less Accumulated
Depreciation (40,000) (80,000) (120,000) (160,000) (200,000)
Net Delivery Equipment 160,000 120,000 80,000 40,000 -
Furniture and Fixtures 247,544 247,544 247,544 247,544 247,544
Less Accumulated
Depreciation (24,754.40) (55,208.80) (82,813.20) (110,417.60) (138,022)
Net Furniture and
Fixtures 222,789.60 198,035.20 173,280.80 148,526.40 123,772
Office Equipment 28,500 28,500 28,500 28,500 28,500
Less Accumulated
Depreciation (2,850) (2,850) (2,850) (2,850) (2,850)
Net Office Equipment 25,650 22,800 19,950 17,100 14,250
Total Non-Current Assets 936,239.60 830,935.20 725,630.80 620,326.40 515,022
Total Assets 1,244,665.60 1,332,531.52 1,472,737.44 1,688,372.96 2,007,198.64

YEAR 2020 2021 2022 2023 2024
LIABILITIES
Current Liabilities
Provision for Tax
Payable 13,399.68 30,379.68 51,175.68 80,043.36 119,660.71
Total Liabilities 13,399.68 30,379.68 51,175.68 80,043.36 119,660.71
CAPITAL
Allan, Desiree Joy

Contributed Capital 600,000 600,000 600,000 600,000 600,000
Prado, Vhen Kelly
Contributed Capital 600,000 600,000 600,000 600,000 600,000
Net Income 31,265.92 102,151.84 221,561.76 408,329.60 687,537.93
Total Liabilities and

Capital 1,244,665.60 1,332,531.52 1,472,737.44 1,688,372.96 2,007,198.64

C.) Statement of Cash Flow

Projected Statement of Cash Flow
YEAR 2020 2021 2022 2023 2024
Cash Flow from Operating Activities

Cash Received from Customer 1,400,000 1,540,000 1,724,800 1,949,024 2,241,377.60
Less: Payment for Supplies 350,000 385,000 431,200 487,256 560,344.40
Operating Expenses
Salary 499,200 514,800 530,400 546,000 561,600
Electricity 48,000 54,000 60,000 65,000 71,000
Water 72,000 76,000 80,000 85,000 92,000
Advertising Expense 6,000 8,000 10,000 12,000 14,000
Taxes and Licenses 6,000 10,000 14,000 18,000 22,000
Fire Extinguisher 8,000 1,400 10,000 2,000 12,000
Miscellaneous Expense 9,500 10,500 11,500 12,500 13,500
Postage and
Communication
Expense 18,000 18,000 18,000 18,000 18,000
Rent Expense 120,000 132,000 145,200 159,720 175,692
Delivery Car Fuel 24,000 36,000 48,000 72,000 84,000
SSS Premium 16,350 16,350 16,350 16,350 16,350
PhilHealth 10,500 10,500 10,500 10,500 10,500
Pag-Ibig 6,000 6,000 6,000 6,000 6,000
Payment for Tax
Provisions - 13,399.68 30,379.68 51,175.68 80,043.36
Net Cash Provided by
Operating Activities 206,450 248,050.32 303,270.32 387,522.32 504,347.84

YEAR 2020 2021 2022 2023 2024
Cash Flows from Investing Activities

Cash Contribution 1,200,000
Less: Purchase of Machinery
and Equipment (565,500)
Purchase of Delivery
Equipment (200,000)
Purchase of Furniture
and Fixtures (247,544)
Purchase of Office
Equipment (28,500)
Purchase of Supplies (81,300)
Net Cash from Investing
Activities 77,156
Net Cash Beginning 227,126 420,296.32 665,806.64 986,746.56
NET CASH FLOW 227,126 420,296.32 665,806.64 986,746.56 1,410,876.64

D.)Asset Schedule Summary
ASSET SCHEDULE SUMMARY
SHOE SUPPLIES
Quantity Unit Supplies Description Amount
1 set Shoe Brushes (4pcs is a set with various in size) 3,500.00
1 set Color Kit ( with 47 colors @ one Oz) 2,000.00
10 pcs Shoe Bag (netted white) 3,000.00
24 pcs Shoe Wax ( 5 Oz) 7,200.00
24 pcs Shoe Cream ( 5 grams) 2,400.00
12 pcs Liquid Shoe Polish 12,000.00
12 rolls Cling Wrap 1,200.00
100 pcs Eco Bags Large 1,000.00
100 pcs Eco Bags Medium 600.00
100 pcs Eco Bags Small 400.00
24 liter Liquid Dishwashing Clothes 24,000.00
24 Liter Deodorizing Spray 14,400.00
24 Liter Sanitizing Spray 4,800.00
24 Liter Water Proof Spray 4,800.00
12 pcs Pens/marker 500.00
6 pcs Record Book 600.00
Total Supplies 81,300.00

Service Cost Expense is 25% of Sales
MACHINERIES AND EQUIPMENT

Quantity Unit MACHINERIES AND EQUIPMENT Amount
3 unit Automatic Shoe Washing Machine 45,000.00
3 unit Automatic Shoe Washing Machine 40,500.00
3 unit Shoe Drying Deodorizing and Sterilizing 120,000.00
1 unit Shoe Drying Deodorizing and Sterilizing 200,000.00
1 unit Shoe Repair Machine 150,000.00
2 unit Customized Water Tank 10,000.00
Total Machineries and Equipment 565,500.00
Useful life is 15 years using Straight line Depreciation 37,700.00

DELIVERY EQUIPMENT
Quantity Unit DELIVERY EQUIPMENT Amount
1 unit FB L300 MITSUBISHI SECOND HAND 200,000.00
DELIVERY EQUIPMENT 200,000.00
FURNITURE AND FIXTURES

Quantity Unit FURNITURE AND FIXTURES Amount
5 unit Sink 5,485.00
5 pcs Chair 960.00
1 unit Couch( sofa) 9,999.00
1 pc Office Chair 2,000.00
1 pc Office Table 3,500.00
1 pc Table at Washing Area 2,000.00
2 pc Folding Table 3,000.00
3 pcs Shoe Cabinet 17,600.00
1 unit Locker For Employees 3,000.00
Renovation Cost (Repainting and Lights and
1 Contract 200,000.00
others )
FURNITURE AND FIXTURES 274,544.00
OFFICE EQUIPMENT
Quantity Unit OFFICE EQUIPMENT Amount
1 unit Personal Computer Desktop 17,000.00
1 unit Television Smart 10,000.00
1 unit TV Plus 1,500.00
OFFICE EQUIPMENT 28,500
Useful life is 10 years using Straight line Depreciation 2,850
Total 1,122,844.00
Cash On Hand Beginning 77,156.00
Desiree Joy Contributed Capital 600,000.00

Vhen Kelly Contributed Capital 600,000.00
Total Contributed Capital 1,200,000.00

APPENDIX C
SURVEY RESULTS
Table 1 Respondents’ Profile
Question 1.1: What Barangay do you live?
Categories No. of Respondents Percentage (%)
Upper Magsaysay 133 26.60%
Lower Magsaysay 193 38.60%
Private Road 174 34.80%
TOTAL 500 100%

The 500 respondents answered 11 questions and this is their perception in
putting up of a footwear laundry shop.
It can be seen that there are more respondents who lives in Lower Magsaysay
Avenue with a 38.60% followed by Magsaysay Private Road with 34.80%
respondents and 26.60% respondents in Upper Magsaysay Avenue, Baguio City.
(Refer to Table 1.1 – Appendix A) This means that there are more respondents
who lives near the area where the Footwear Laundry Shop will be established.

Question 2.2: How old are you?
Categories No. of Residents Percentage (%)
18 & Below 40 8%
19-25 31 26.20%
26-30 139 27.80%
31-40 106 21.20%
41 & Above 84 16.18%
TOTAL 500 100%

The respondents were also asked if how old are they. The respondents with a
32.20% are the group of students aged 25 and below followed by the group of
young professionals with 27.80% respondents’ aged 26 to 30 and 37.28%
respondents ages 31 and above. (Refer to Table 1.2 – Appendix A) This
shows that majority respondents are aged 31 and above followed by the
students and young professionals.

Question 1.3: Gender
Male 232 46.40%
Female 268 53.60%
TOTAL 500 100%
In this research we have surveyed 46.40% male and 53.60% female who spared their
time and answered the questionnaires. (Refer to Table 1.3 – Appendix A). This
means that there are more female than male along Magsaysay Avenue, Baguio City.

Table 2
Question 2: Do you have pre-loved shoes that you want to be taken care of by an
expert shoe cleaner?
Yes 419 83.80%
No 81 16.20%
TOTAL 500 100%
The number of the respondents who has a pre-loved shoe that wanted to be
taken cared’ of by an expert shoe cleaner, 83.80% answered YES and 16.20%
answered NO. This shows that the respondents wants’ their shoes to be taken
cared’ of the Footwear Laundry Shop. (Refer to Table 2 – Appendix A)

Table 3
Question 3: How many pair of shoes do you have?
1-2 Pairs 124 24.80%
3-4 Pairs 161 32.20%
5-6 Pairs 134 26.80%
7 & Above 81 16.20%
TOTAL 500 100%
We also asked our respondents, “How many pairs of shoes do you have”.
24.80% answered 1-2 pairs, 32.20% answered 3-4 pairs, 26.80% answered 5-6
pairs and 16.20% answered 7 and above pairs of shoes. (Refer to Table 3 –

Appendix A)
Table 4
Question 4: Have you ever tried availing the services of a shoe laundry?
Yes 151 30.20%
No 349 69.80%
TOTAL 500 100%
To determine the number of customers who have tried availing the services of
footwear laundry. 30.20% answered “YES” and 69.80% answered “NO”. This
shows that most of the respondents haven’t tried the services of footwear
laundry. (Refer to Table 4 – Appendix A)

Question 4.1: If No, are you in favor of availing the services of the Footwear Laundry
Shop?
Yes 279 55.80%
No 65 13%
TOTAL 344 68.80%
For the respondents who have answered “NO” and wants to avail the services of the
Footwear Laundry Shop, 55.80% answered “YES” and 13% answered “NO”. This
implies that the customers’ wants to avail the services of a Footwear Laundry Shop.
(Refer to Table 4-A – Appendix A)

Question 4.2: If Yes, are you satisfied with their services?
Yes 117 23.40%
No 39 7.80%
TOTAL 156 31.20%
For the respondents’ who have answered “YES” and if they were satisfied with the
services of other shoe laundry shops, 23.40% answered “YES” and 7.80% answered
“NO”. This shows that the customers’ who have tried footwear laundry were satisfied
with their services. (Refer to Table 4-B – Appendix A)

Table 5
Frequency of customers’ visit in a shoe laundry shop
Question 5: On average, how often do you avail the services of a shoe laundry?
More than 4 times in a month 21 4.20%
2-3 times in a month 48 9.60%
1 time or less per month 78 15.60%
Never 353 70.60%
TOTAL 500 100%

The frequency of customers that used shoe dry cleaning service in a month,
4.20% answered “more than 4 times in a month”, 9.60% answered “2-3 times
in a month”, 15.60% answered “1time/less per month”, and 70.60% answered
“never”. This shows that they never tried using dry cleaning services for their
shoes. (Refer to Table 5 – Appendix A)

Table 6
Important Factors in availing the services of the shoe laundry
Question 6: How important are the following factors when you use a dry-cleaning
service? (VI(Very Important), SI (Somewhat Important), SU(Somewhat Unimportant), NI
(Not Important))
Question 6.1: Same Day Service
Very Important 144 28.80%
Somewhat Important 190 38%
Somewhat Unimportant 98 19.60%
Not Important 68 13.60%
TOTAL 500 100%

To determine the customers’ perception in availing the services of the Footwear
Laundry Shop.
a) In Same Day Service, 28.80% answered “Very Important, 38%
answered “Somewhat Important”, 19.60% answered “Somewhat
Important”, and 13.60% answered “Not Important”. This shows that
Same Day Service is very important to customers. (Refer to Table 6-A
– Appendix A)

Question 6.2: Price
Somewhat Important 128 25.60%
TOTAL 500 100%
Price, 57.40% answered “Very Important, 25.60 answered “Somewhat Important”,
10.40% answered “Somewhat Unimportant”, and 6.60% answered “Not Important”. This
means that price of the services is very important to customers. (Refer to Table 6.B –
Appendix A)
Question 6.3: Quality of Service
Not Important 30 6%
TOTAL 500 100%
Quality of Service, 78.40% answered “Very Important”, 11.40% answered “Somewhat
Important”, 7.80% answered “Somewhat Unimportant”, and 6% answered “Not
Important”. This shows that the Quality of Service of a footwear laundry is very
important to customers. (Refer to Table 6.C – Appendix A)

Question 6.4: Friendly Customer
TOTAL 500 100%
Friendly Customer Service, 70.80% answered “Very Important”, 14.60% answered
“Somewhat Important’, 7.80% answered “Somewhat Unimportant’, and 6.80%
answered “Not Important”. This means that the relationship of the customer to the
owner/employee is very important. (Refer to Table 6.D – Appendix A)

Question 6.5: Proximity to Home Address
Very Important 190 38%
Not Important 40 8%
TOTAL 500 100%
Proximity to Home Address, 38% answered “Very Important’, 35.80% answered
“Somewhat Important”, 18.20% answered “Somewhat Unimportant”, and 8% answered
“Not Important’. This shows that near to home address is very is very important to
customers. (Refer to Table 6.E – Appendix A)

Question 6.6: Proximity to Work Address
TOTAL 500 100%
Proximity to Work Address, 25.20% answered “Very Important”, 35.40% answered
“Somewhat Important’, 22.60% answered “Somewhat Unimportant”, and 16.80%
answered “Not Important”. This shows that near to work address is very important to
customers. (Refer to Table 6.F – Appendix A)

Question 6.7: Proximity to School Address
Very Important 120 24%
TOTAL 500 100%
Proximity to School Address, 24% answered “Very Important”, 32.60% answered
“Somewhat Important”, 20.80% answered “Somewhat Unimportant”, and 22.60%
answered “Not Important”. This shows that near to school address is somewhat
important to customers. (Refer to Table 6.G – Appendix A

Question 6.8: After-hours Drop-off
TOTAL 500 100%
After-hours Drop-off, 24.40% answered “Very Important”, 35.60% answered “Somewhat
Important”, 25.40% answered “Somewhat Unimportant”, 14.60% answered “Not
Important”. This shows that after-hours drop-off is somewhat important to customers.
(Refer to Table 6.H - Appendix A

Question 6.9: Open on Weekends
Somewhat Important 100 20%
Not Important 50 10%
TOTAL 500 100%
Open on Weekends, 60.60% answered “Very Important”, 20% answered “Somewhat
Important”, 9.40% answered “Somewhat Unimportant”, and 10% answered “Not
Important”. This shows that open on weekends is very important to customers. (Refer
to Table 6.I – Appendix A)

Table 7
Respondents’ Occupational Status
Question 9: Are you a
Student 122 24.40%
Self-Employed 197 39.40%
Unemployed 46 9.20%
Employed 135 27%
TOTAL 500 100%
In this research, we also asked the respondents occupational status. 39.40%
respondents are self-employed, 27% are employed, 24.40% are students and 9.20%
respondents are unemployed. This shows that the majority respondents are the self-
employed. (Refer to Table 7 – Appendix A

Table 8
Respondents’ Budget to avail the services of the footwear laundry shop
Question 8.1: How much is your salary?
P10,000 & Below 178 35.60%
P11,000-P20,000 94 18.80%
P21,000-P30,000 59 11.80%
P31,000 & Above 51 10.20%
TOTAL 382 76.4%
To determine the customers’ budget in availing the services of footwear laundry

shop.
Out of the 75.60% respondents who are employed, self-employed and
unemployed, 35.60% answered P10,000 and below, 18.80% answered
P11,000 – P20,000, 11.80% answered P21,000-P30,000, and 10.20%
answered P30,000 and above. This shows that the rate of the services of
footwear laundry should not be too low and high. (Refer to Table 8-A –
Appendix A)

Question 8.2: As a student, how much is your allowance every month?
P2,500 & Below 42 8.40%
P2,600-P3,500 35 7%
P3,600-P4,500 31 6.20%
P4,600 & Above 10 2%
TOTAL 118 23.60%
Out of 9.20% respondents are the students. 8.40% answered P600 and below, 6.20%
answered P1, 000 – P1, 200, 7% answered P700- P900, and 2% answered P1, 300
and above. This shows that the rate of the services of footwear laundry shop should not
be too low and high. (Refer to Table 8-B – Appendix A)

Table 9
Question 9: How do you usually pay your shoe laundry service (check all that applies)
Cash 490 98%
Debit/Credit 10+26=36 2%+5.20%=7.20%
Credit Card 19 3.80%
Others
TOTAL 500 100%
To determine how the customers’ want to pay their footwear laundry service. 98. %
respondents answered “cash”, 7.20% answered “debit/credit”, and 3.80% answered
“credit card”. This shows that customers prefer cash in paying their shoe laundry
services. (Refer to Table 9 – Appendix A)

Table 10
Question 10: Are you in favor of Opening a Footwear Laundry Shop along Lower
Magsaysay Avenue, Baguio City?
Yes 437 87.40%
12.60%
No 63
TOTAL 500 100%
1.) Customers’ perception of putting up a laundry shop in their place.
87.40% answered “YES”, they are in favor of putting up a footwear laundry
shop and 12.60% answered “NO”, they are not in favor of putting up Footwear
Laundry Shop along Lower Magsaysay Avenue, Baguio City. It shows that the
customers are in favor of putting up a shoe laundry shop in Lower Magsaysay
Avenue, Baguio City because customers want to try the services of footwear
shoe laundry, to give long last maintenance to their pre-loved shoes and
saves their time in doing their shoe laundry. (Refer to Table 10 – Appendix

A)


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Footwear Laundry Shop

The proposed Footwear Laundry Shop is engaged in a service business

thousand pesos (Php 1, 200, 000. 00), broken down as follows:

Allan, Desiree Joy, contributed capital Php 600, 000.00

Prado, Vhen Kelly, contributed capital Php 600,000.00

Total Contributed Capital Php 1, 200, 000.00

YEAR 2020 2021 2022 2023 2024

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

1.) Cost of Service

2.) Commission on Service

Each employee will be receiving a 10% commission in every pair of shoes

the customer will request and be serviced.

3.) Operating Expenses

The operating expense is increasing yearly because of the following:

a.) Electricity and Water

The increase in electricity and water is due to the increased in the

volume of items being serviced.

The expenses in advertising is increasing yearly because of the

as: flyers, tarpaulins, creating a website, boosting the page in social

media, radio and television stations.

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

c.) Taxes and Licenses

getting high too.

The miscellaneous expense is increasing because the business is

e.) Rent Expense

Every year, the usual rent increases by 10% as stipulated in our

lease contract with the landlord.

f.) Gas and Oil

our money is decreasing and the demands of the customers to deliver in

and especially on rainy seasons.

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

A.)Projected Income Statement

FOOTWEAR LAUNDRY SHOP

Service Revenue 1,400,000 1,540,000 1,724,000 1,949,024 2,241,377.60

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

YEAR 2020 2021 2022 2023 2024

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

B.) Projected Balance Sheet

FOOTWEAR LAUNDRY SHOP

YEAR 2020 2021 2022 2023 2024

Total Assets 1,244,665.60 1,332,531.52 1,472,737.44 1,688,372.96 2,007,198.64

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

YEAR 2020 2021 2022 2023 2024

Total Liabilities 13,399.68 30,379.68 51,175.68 80,043.36 119,660.71

Allan, Desiree Joy

Total Liabilities and

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

C.) Statement of Cash Flow

FOOTWEAR LAUNDRY SHOP

YEAR 2020 2021 2022 2023 2024

Cash Flow from Operating Activities

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

YEAR 2020 2021 2022 2023 2024

Cash Flows from Investing Activities

BAGUIO CITY ACADEMY COLLEGES Bachelor of Science in

D.)Asset Schedule Summary

ASSET SCHEDULE SUMMARY

Total Supplies 81,300.00

MACHINERIES AND EQUIPMENT