Ykk Canteen
BERNARD AND HAZEL ROSALES Hazel can apply for a working capital loan for P100, 000 enable for her to offer a variety of food for merienda, take-home foods and ice cream products. These loans will take a higher risk since her last loan that availed is only P20, 000. Mismanage of the loan will end up to a risk for her as far as she is new for offering of new products. She first determine when will she get her the return of her investment (ROI) for the products she invested, but the risk there is that she offered some of the products that has an early expiration. She needs to make a marketing strategy which enable for her to have a consumer for the new products she will offer. The quality of the products should have given an emphasis especially the taste. It is better for her if she will engage to a supplier especially for those food brands that are already known in the market. In that case, she will easily get her market inside the YKK. She caters for about 80 contractual and regular workers who receive a daily meal (lunch) so definitely they are also her costumer for her new products and for those employees who have their lunchbox and that will need to have for merienda and take home foods. Therefore, availing of loan is acceptable but needs to have a proper management in order to eliminate or lessen the risk.
Journal Entry 1. Cash P20, 000 Rosales Capital 20,000 2. Cash P936, 000 Sales P936, 000 3. Salary Expense P280, 800 Cash P280, 800
1. P20, 000 will serve as his working capital and will be on the entry since it will be an additional investment for the next year entry and made it into cash since it was fully paid. 2. P936, 000 will be her sales in a year operation for having an average of 130,000 monthly sales 3. For the cook, she paid for about 300 and 200 for each helper multiply by 312 days and the salary expenses was P280, 800.
YKK CanteenBalance SheetDecember 2011 |
Journal Entry 1. Cash P20, 000 Rosales Capital 20,000 2. Cash P936, 000 Sales P936, 000 3. Salary Expense P280, 800 Cash P280, 800
1. P20, 000 will serve as his working capital and will be on the entry since it will be an additional investment for the next year entry and made it into cash since it was fully paid. 2. P936, 000 will be her sales in a year operation for having an average of 130,000 monthly sales 3. For the cook, she paid for about 300 and 200 for each helper multiply by 312 days and the salary expenses was P280, 800.
YKK CanteenBalance SheetDecember 2011 |