153938072 case-study-entrepreneur

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BALANCE SHEET AS AT 3 DECEMBER 2013

RM RM

Fixed asset

a) Van 35000

b) Furniture & fixtures 2700

c) renovation 10000



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d) business sign 1000

e) computer 4500

f) table (operation) 100 53300

Current assets

a) cash 95628.16

b) deposit 400 99628.16

TOTAL ASSET 152928.16

Equity

a) cash 60000.00

b) net profit 50528.16 110528.16

Liabilities

a) term loan 40000

b) hire purchase 2400 42400

TOTAL EQUITY AND LIABILITY 15298.16


RM RM

Fixed asset

a) Van 0.00

b) Furniture & fixtures 0.00

c) Renovation 0.00

d) business sign 0.00

e) computer 0.00 0.00

Current assets

a) cash 192360.80

b) deposit 4080


Equity

a) cash 60000.00

b) net profit 88440.8

Liabilities 148440.80

a) loan 30000

b) hire purchase 1800 48000.00



RM RM

Fixed asset

a) Van 0.00

b) Furniture & fixtures 0.00

c) renovation 0.00

d) business sign 0.00

e) computer 0.00 0.00

Current assets

a) cash 134094.80

b) deposit 4080


Equity

c) cash 60000.00

d) net profit 100174.80 106174.80

Liabilities 148440.80

c) loan 20000

d) hire purchase 1200 32000.00


DEPRECIATION ASSETS

Type of Asset : Van

Basic Price : RM3500.00

Economic duration : 5 years

Depreciation Rate : 20%

year Annually depreciation

(RM)

Total depreciation

(RM)

Balance (RM)

0 - 35000

1 7000 7000 28000

2 7000 14000 21000

3 7000 21000 14000

4 7000 28000 7000

5 7000 35000 -

DEPRECIATION ASSETS

Type of Asset : furniture and fixtures





(RM)

Total depreciation

(RM)

Balance (RM)

0 - 2700

1 5400 5400 2160

2 5400 1080 1620

3 5400 1620 1080

4 5400 2160 540

5 5400 2700 -

DEPRECIATION ASSETS

Type of Asset : renovation

Basic Price : RM10,000.00




(RM)

Total depreciation

(RM)

Balance (RM)

0 - 10000

1 2000 2000 8000

2 2000 4000 6000

3 2000 6000 4000

4 2000 8000 2000

5 2000 1000 -

DEPRECIATION ASSETS

Type of Asset : business Sign





(RM)

Total depreciation

(RM)

Balance (RM)

0 - 1000

1 200 200 800

2 200 400 600

3 200 600 400

4 200 800 200

5 200 100 -

DEPRECIATION ASSETS

Type of Asset : computer





(RM)

Total depreciation

(RM)

Balance (RM)

0 - 4500

1 900 900 3600

2 900 1800 2700

3 900 2700 1800

4 900 3600 900

5 900 4500 -

DEPRECIATION ASSETS

Type of Asset : table (Operation)





(RM)

Total depreciation

(RM)

Balance (RM)

0 - 100

1 20 20 80

2 20 40 60

3 20 60 40

4 20 80 20

5 20 100 -

LOAN AMORTIZATION SCHEDULE

Loan Amount : RM 50000.00

Loan Period : 5 years

Interest Rate : 20%

Method : Reducing Balance (annually)

year Interest (RM)

Principal (RM)

Payment (RM)

Balance (RM)

0 - 5000

1 700 10000 10700 4000

2 560 10000 10560 3000

3 420 10000 10420 2000

4 280 10000 10280 1000

5 140 10000 10140 -

HIRE PURCHASE REPAYMENT SCHEDULE

Asset : van

Cost of asset : RM 35000.00

Down Payment : RM 5000.00

Loan Amount : RM 3000.00

Loan period : years

Interest : 8%

Method : plat (annually)

year Interest (RM)

Principal (RM)

Payment (RM)

Balance (RM)

0

-

30000

1 2400 6000 8400 24000

2 2400 6000 8400 18000

3 2400 6000 8400 12000

4 2400 6000 8400 6000

5 2400 6000 8400

-

PROFIT AND LOSS ACCOUNT FOR 1ST YEAR (31 DEC 2013)

RM RM

SALES 271200

LESS EXPENSES

Administration 96504

Marketing

Financial

2100

1. Interest on term loan 700

2. Interest on hire-purchase 2400

Depreciation charges 10600

Pre-operation Expenditure 3260

Total Expenditure -193522

PROFIT 77678

TAX (28%) -27149.84

NET PROFIT 50528.16


RM RM

SALES 298320

LESS EXPENSES

Administration 91224

Marketing 1000

Operation 80301.60

Financial


2. Interest on hire-purchase

2400

Total Expenditure -175485.60

PROFIT 122834.40

TAX (28%) -34393.60

NET PROFIT 88440.80


RM RM

SALES 325440

LESS EXPENSES

Administration 93146.40

Marketing 1050

Operation 89292

Financial


2. Interest on hire-purchase

2400

Total Expenditure -186308.40

PROFIT 139131.60

TAX (28%) -38956.80

NET PROFIT 100174.80

MACHINE AND EQUIPMENT

Equipments is one very important element in the exercise and helped launch the business

intended to be carried. To run a business we must have enough budget to buy necessities for

doing business.

TYPE PRICE PER

UNIT (RM)

NO TOTAL COST (RM)

Chiller 4500.00 1 4500.00

Blender 105.00 5 525.00

Cake counter 4500.00 1 4500.00

Microwave 560.00 4 2240.00

Dustbin 10.00 3 30.00

Chest box 1000.00 1 1000.00

Total 12,795.00

RAW MATERIAL REQUIRED

All the raw materials that was purchased by CUPCAKESLAND ENTERPRISEespecially

fresh fruitswill be send three times a week while for the flavored powder, eggs, butters, fruits and

other CUPCAKESLAND ENTERPRISE will get from the supplier once a week.

NO ITEM QUANTITYPER MONTH

PRICE PERUNIT/KG

(RM)

PRICE(RM)

1 Butter 100 packet 4.00 400.00

2 Flavored powder• Vanilla• Coffee• Cappuccino• Mocha• Chocolate• Crystal fruit• Yogurt

5 kg5 kg5 kg5 kg5 kg5 kg5 kg

25.0023.0025.0023.0024.0020.0023.00

125.00115.00125.00115.00120.00100.00115.00

3 Apple 5kg 5.00 25.00

4 Strawberry 5kg 15.00 75.00

5 Cherry 5 kg 10.00 50.00

6 Grape 5 kg 8.00 40.00

7 Kiwi 5 kg 10.00 50.00

8 Orange 5 kg 6.00 30.00

9 Chocolate 20 kg 12.00 240.00

10 Egg 20 dozen 9.00 180.00

11 Chocolate rice 3 kg 4.50 13.50

12 Icing sugar 30 kg 4.50 129.00

13 Cup cakes 100 packet 3.00 300.00

14 Overlate 15 kg 1.80 27.00

TOTAL RM 2374.50

PURCHASE CAKES

Normally, our cakes supplier will send the cakes once a week and sometimesdepend to our stock on hand.

NO ITEM QUANTITY

PER

MONTH

PRICE PER

UNIT/KG

(RM)

PRICE (RM)

I.

Standard cupcakes 2500 1.20 3000.00

II.

Miniature cupcakes 2500 1.20 3000.00

III.

Large cupcakes 200 50.00 10000.00

IV.Shaped cupcakes 1500 1.50 2250.00

V.Drink 2000 1.00 2000.00

TOTA

L

RM 20,250.00

ADMINISTRATIVE BUDGET

ITEMS FIXED

ASSETS

EXPENSES

MONTHLY

EXPENSES

OTHER

EXPENSES

Furniture and

Fittings

38,619.40

Salaries 33,110

Rental 6,500

Utilities 6,000

Deposit Rental 15,000

Renovation 30,000

TOTAL 38,619.40 45,610.00 45,000

TOTAL: FIXED ASSETS EXPENSES + MONTHLY EXPENSES + OTHER

EXPENSES

= RM 129,229.40

SCHEDULE OF REMUNERATION

POSITION NO. MONTHLY EPF SOCSO AMOUNT

STAFF SALARY

(RM)

CONTRIBUTION

(13% RM)

(2%RM) (RM)

General

Manager

1 4,000 520 80 4,600.00

Administration

Manager

3,700 481 74 4,255.00

Marketing

Manager

1 3,500 455 70 4,025.00

Assistant

Marketing

1 900 117 18 1,035.00

Operation

Manager

1 3,500 299 46 4,025.00

Financial

Manager

1 2,100 273 42 2,415.00

Assistant

Marketing

1 800 104 16 920.00

Assistant

Financial

1 900 117 18 1,035.00

Cahiers 14 700 91 14 10,800.00

TOTAL 33,110.00

153938072 case-study-entrepreneur

Economy & Finance

Transcript of 153938072 case-study-entrepreneur