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8/10/2019 Business for Accounting Use

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P&L STATEMENT FOR WARUNG AH BENG FOR A WEEK.

Income Statement of Group A Charity Drive Event

Revenue

Sales $1,778

Less: Cost of Goods Sold $900

Gross Profit $878

Add: Other Revenues $ 1,924

Adjusted Gross Profit $2,802

Less: Operating Expenses

Expenses A $300

Total Operating Expenses $300

Net Profit $2,502

ROTI JALA

COCONUT JUICE

(BEFORE)

COCONUT JUICE

(AFTER) ROJAK FRUITS

COCONUT WITH

SHELL

Price $5.00 $4.00 $3.00 $4.00 $3.00 $6.00

Units 120 58 127 67 51 24

Rev $600.00 $232.00 $381.00 $268.00 $153.00 $144.00

ROTI JALA

COCONUE JUICE

(BEFORE)COCONUT JUICE

(AFTER) ROJAK FRUITS

COCONUT WITH

SHELL

Price $1.60 $2.20 $2.20 $2.10 $2.10 $2.20

Units 120 58 127 67 51 24

Rev $192.00 $127.60 $279.40 $140.70 $107.10 $52.80


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Based on the report, our Sales is double the COGS, which means we can

cover up the cost of goods sold and earned half of the profit without

subtracting the expenses. Hence, with the larger amount of gross profit

earned, we can pay some small expenses and still get some profit rather

than loss.Also, sponsorship and donation take a big role as based on the income

statement, half of the net profit is from sponsorships and donation. By

having a large amount of donations and sponsorships, it really help us to

reduce stress so that we can be relieved when the real charity event came

because half of the target is reached.

The only thing we did wrong is the pricing of the coconut juice, because for

the first and second day, especially in the morning, we found out that our

coconut juice seems not flavored by the customers, where we faster reducethe price from RM4 to RM3, but soon we regret, because the profit per cup

of coconut juice is only RMo.80. Hence we cannot raise the price anymore,

since a lot of customers are already used to the price that we reduce, so to

avoid any further comparison, we decided to maintain the RM3 price for

coconut juice.

If we can repeat this business project, what we going to change is the

strategy of our business. We are not going to cut, hack, packaging and

move everything just by ourselves but what we can do is to find those shops

that already had all of the food or products we sold well-package and is

always ready to be sell. Although it will cost for a higher price, but at least

we can save up our energy and focus more on promoting our products.


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APPPENDIX

1. SPONSORSHIPS LETTER

A.NAM SOON HUAT SDN. BHD.November 19th, 2014

NG TEIK LENGNAM SOON HUAT SDN.BHD.F1-g1, Pasar Borong Kuala Lumpur,Pusat Bandar Utara,Batu Caves, Selangor, 68100

Dear Mr.Ng,

Requesting Sponsorship for Charity Drive Event

We, the students from Taylors University Lakeside Campus, are currently involved in afundraising event as our school project in November 2014.

Our plan is to raise a total of RM2500 via sponsorships and product sales. The fundraisingevent will be held for a week from 17 thto 21stNovember under the supervision of our lecturer Mr.Chang Jau Ho. All profits earned during the event will be donated to the KIWANIS DOWN-SYNDROME ORGANIZATION, a non-profit organization that provides services which servesand gives fully help to down-syndrome kids.

We are writing today to ask if you would consider donating RM200 to RM300 to help support ourevent. We believe that your generosity would go a long way towards supporting the organizationand their noble cause. If you need more information about our event or have any questions youmay contact me at 0173205509.

Thank you.

Sincerely,

NG WAI KHONGCharity Drive Event Group Leader

2. RECEIPT cash receipts for products bought.


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3. DONATIO

N RECEIPT FROM KIWANIS DOWN-SYNDROME


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VISIT TO

KIWANIS

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