Funding Plan
The Finance Department has started collecting monthly contributions per month for a span of a one
month.
1st week
Php 200
2nd week
Php 100
3rd week
Php 100
4th week
Php 100
The company has agreed on an obligatory contribution of Php 500 from each member, totaling Php
11,000. Funds collected by Finance members are also listed down and checked on a regular basis for
monitoring, and in accordance with this, the Finance Department records the company's purchases and
expenses, which are mostly settled through bank deposits and down payments, and also handles the
company's cash on hand and in bank.
Cash Management
All cash on hand and in bank accounts are managed by the Head of the Finance Department, as
well as the other two significant finance members, to ensure consistent administration and safety of the
company's cash assets. For the sake of the company's security, all financial information is kept hidden
between the Chief Executive Officer, Corporate Secretary, and Finance Department, however other
members are kept up to date monthly through company meetings. The Finance Department also monitors
and records cash inflows and outflows with each transaction made by the company.
Product Pricing
To price the product, the Finance Department worked with the Production Department, as well as
the Chief Executive Officer and Corporate Secretary, to validate the final raw materials, measurements,
packaging, and pricing required to calculate the entire cost of the product. Using the Cost-Plus Strategy, we
calculated the mark-up and selling price of the product, which is still affordable to the general public while
being profitable for the company.
MATERIALS
PACKAGING
Cost of materials used in making
Cost of Packaging
sling and reversible tote bags
Sling Tote Bag

Plain sling tote bag – Php
Printing of digital designs

Shipping fee of materials


Plain colored tote bag –
Php 80

Design fabric (one side of
Kraft paper – Php 2 per
Php 140
bag

– Php 10
Reversible Tote Bag
Overall Cost
Cardboard boxes – Php
10 per bag
– Php 30

PRODUCTION
Box packaging
80

TOTAL COST OF
Jute string – Php 2 per
bag

Sticker – Php 2 per bag

Printed tags – Php 4 per
bag
Php 190
tote bag) – Php 30

Sewing cost – Php 35

Printing of digital design
– Php 25
Graphic Sling Tote Bag
The total cost for the material of sling tote bag is Php 90, the manufacturing cost for each tote bag
is Php 30 and the materials used for packaging per tote bag have a total cost of Php 20. The packaging
will be handmade by the production team. This leads to the total amount of product Php 140 per sling tote
bag as the production cost.
Selling Price: Php 210.00
Mark-Up: Php 70.00
The total amount of production is 140 per sling tote bag. The mark-up price was calculated by
subtracting the cost of production cost from the selling price. And to get the mark-up rate, here is the
procedure:

Production Cost – Php 140.00

Profit and Liabilities – 50%

(Production Cost) x (Profit and Liabilities) = Mark-Up
o

Php 140.00 x 0.5 = Php 70.00
Production Cost + Mark-Up = Selling Price
o
Php 140.00 + Php 70.00 = Php 210.00
Reversible Tote Bag
The total cost for the material of reversible tote bag is Php 110, the manufacturing cost for each
tote bag is Php 60 and the materials used for packaging per tote bag have a total cost of Php 20. The
packaging will be handmade by the production team. This leads to the total amount of product Php 190
per reversible tote bag as the production cost.
Selling Price: Php 290.00
Mark-Up: Php 100.00
The total amount of production is Php 190 per reversible tote bag. The mark-up price was
calculated by subtracting the cost of production cost from the selling price. And to get the mark-up rate,
here is the procedure:

Production Cost – Php 190.00

Profit and Liabilities – 52.5%

(Production Cost) x (Profit and Liabilities) = Mark-Up
o

Php 190.00 x 0.525 = Php 100.00
Production Cost + Mark-Up = Selling Price
o
Php 190.00 + Php 100.00 = Php 290.00
Payment Processes

Online Payment
Sinaglaya Company will be accepting payments via G-Cash app as they try to aim for cashless
transactions due to the ongoing pandemic. The customers can send their payment through QR codes
provided by the Sinaglaya Company or they can send it directly to the G-Cash account provided by the
company. The customers would then submit us their proof of payment and once confirmed, their orders
will be shipped.

Cash on Delivery
As Sinaglaya Co. uses online shopping platforms such as Shopee and JA Market Place, a Cash on
Delivery payment option will be allowed. This decision is considered as the target market frequently
purchases something online through this mode of payment. With regards to its process, the company will
strictly conform to the system and policies being implemented by the aforementioned platforms.
Stockholder Record
Investors
Stocks
Investments
Abing
1
Php 500.00
Aguilar
1
Php 500.00
Alcantara
1
Php 500.00
Amposta
1
Php 500.00
Bautista
1
Php 500.00
Buenavidez
1
Php 500.00
Bueno
1
Php 500.00
Chavez
1
Php 500.00
Cunanan
1
Php 500.00
Gregorio
1
Php 500.00
Kyle
1
Php 500.00
Lapuz
1
Php 500.00
Llarena
1
Php 500.00
Llesis
1
Php 500.00
Manalac
1
Php 500.00
Marcelo
1
Php 500.00
Narciso
1
Php 500.00
Perez
1
Php 500.00
Samonte
1
Php 500.00
Sangalang
1
Php 500.00
Villagracia
1
Php 500.00
Distribution of Shares
5%
5% 5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5% 5% 5%
5%
Abing
Aguilar
Alcantara
Amposta
Bautista
Buenavidez
Bueno
Chavez
Cunanan
Gregorio
Kyle
Lapuz
Llarena
Llesis
Manalac
Marcelo
Narciso
Perez
Samonte
Sangalang
Villagracia
Dividends will be distributed to stockholders based on the number of shares they own. One stock
represents 5 percent of total profit. Dividends will be paid out at the end of April. Dream Weavers gave one
of the team members a share as a reward for her efforts.
Liquidation form:
When Sinaglaya first began operations, the Finance Department saw the following financial forms
as a crucial instrument for accurately recording and documenting transactions. As a result of the pandemic
crisis, the department did not need to use these forms, as all transactions were completed online. Receipts
from digital and online payment systems were used as proof from consumers and suppliers. In accordance
with this, the Finance Department secures and ensures any changes.
Disbursement Slip
This slip is used every time the company would use an amount of money to pay out its operations.
Sinaglaya Disbursement Slip
Date and time of transaction
Mode of transaction
Cash amount involved
Name and signature of the receiver of the cash
Name and signature of the individual paying
out the cash
Screenshot of the receipt
Brief description of the transaction
Date and time of transaction
Reimbursement Slip
This slip is to reimburse an employee’s personal money used in the company’s operation and
expenses.
Sinaglaya Reimbursement Slip
Name
Position
Details of Expenses
Receipt of Expenses
Signature
Financial Statement
Sinaglaya Statement of Comprehensive Income for the Month Ended February 2022
Sales from 55 stocks (30 Sling & 25 Reversible)
Php 13,550.00
Less: Cost of Goods Sold
Php 8,950.00
Gross Profit/Margin
Php 4,600.00
Less: Operating Expenses
Advertising Expenses
Php 300.00
Production of Prototype
Php 500.00
Transportation Expenses
Php 200.00
Operating Expenses
Php 1,000.00
Income Before Tax
Php 3,600.00
Less: Income Tax (5%)
Php 180.00
Net Profit after Taxes
Php 3,420.00
Sinaglaya Statement of Comprehensive Income for the Month Ended February 2022
Assets
Current Assets

Cash

Inventories
₱
11,000.00
0
Total Assets
11,000.00
Owners Equaity
₱
Sinaglaya, Capital
11,000.00
Cost of Goods Sold
Production Cost
2,400.00
Packaging
1,100.00
Raw Materials
5,150.00
Freight In
300.00
Cost of Goods sold
8,950.00
Distribution Expenses
Prototype Expenses
500.00
Marketing Expenses
300.00
Transportation Expenses
200.00
Total Expenses
1000.00
Financial Analysis
From January 2022 to February 2022, Sinaglaya accumulated net sales worth Php 13,550.00 Along
with this, the company paid expenses for shipping, production, raw materials, and packaging of the product,
as well as distribution and administrative expenses, all in all amounting to Php 10,130.00. With Sinaglaya’s
continuous operations, the company garnered an outstanding net income of Php 3,420.00 selling 55 tote
bags overall.
Financial Ratios
Return on Investments
31.09%
Return on Assets
31.09%
Gross Profit Margin
33.95%
Net Profit Margin
38.21%
Sinaglaya generated a 42 percent return on investment. This positive rate implies that the company
has benefited from its investments. This also implies that the company is making good use of all of its assets
in order to generate sales.
The return on assets is 31.09 percent, which means the company earned Php 0.431 for every Php
1.00 in assets. This means that the company is capable of managing its assets in an efficient and productive
manner in order to generate profits.
The gross profit margin ratio shows that the company was able to return a revenue of 33.95 percent,
which means that Sinaglaya keeps 0.340 for every peso of revenue generated. This percentage reflects how
well the company was able to return revenue from its cost of goods sold.
Sinaglaya was able to gain a net income of 38.95 percent from the percentage of revenues received
by measuring how effectively the company operates. It can be concluded that Sinaglaya’s good
management is indeed generating enough profit, given that the company does a good job of estimating its
costs.
Sales Report:
Sales for February
Actual
Plan
Variance
%
Quantity
55
55
0
100%
Revenue
13,550.00
13,550.00
0
100%
Contribution Margin
33.95%
-
-
-
No. of Orders
55
-
-
-
Average Order
250
-
-
-
Value
Sinaglaya planned on selling 55 units of tote bags for the duration of its operations and the company
was able to sell 55 units. With this being provided, the actual sales turned out to be 100% of the planned
sales. The company has been sold out on the first day of its release.
Financial Forecast
Income Statements
Unit Cost
January
Sling – 30
Sales volume
Reversible – 25
Price/Sales
Variable Cost
Contribution Margin
Sling – 210.00
Sling – 6,300.00
Reversible – 290.00
Reversible – 7,250.00
Sling – 140.00
Sling – 4,200.00
Reversible – 190.00
Reversible – 4,750.00
180.00
4,600.00
Fixed Costs (breakdown below)
1,000.00
Income Before Tax
3,600.00
Income Tax (5%)
180.00
Net Income
3,420.00
Profit Margin (After Tax)
38.21%
Based on the actual financial statements, it is concluded that the company sell 55 units for
the first months of operation. The return on investment has been 38.21 percent which signals a
promising future for the firm. Each sling tote bag cost Php 210, and each reversible tote bag cost
Php 290, for a total sales income of Php 20,800. Each sling tote bag has a variable cost of Php
140.00, while the reversible tote bag has a variable cost of Php 190.00 with a contribution margin
of Php 180.00.