CHAPTER 6

FINANCING AND FINANCIAL FEASIBILITY

Total Projected Cost

The required initial disbursement that the business needs to facilitate the proposed project will
be P 11,830,562.58. The itemization is as shown in Table 22.

Table 22

The Beau Essentials Enterprise

Project Cost
Fixed Assets
Land 5,000,000.00
Land Improvements 1,500,000.00
Building 2,000,000.00
Plant Machinery and Equipments 596,000.00
Packaging and Delivery Tools 15,600.00
Office Equipment, Furnitures and Fixtures 284,059.00
Transportation Equipment 598,500.00
Pre-operating Expenses
Production Uniform Expenses 3,375.00
Advertising Expense 637,791.00
Transportation Expense 30,000.00
Business Licenses and Permits 23,350.00
Working Capital
Inventory
Materials 749,016.00
Office Supplies 14,658.00
Salaries
Administrative Salaries Expense 116,280.00
Sales Salaries Expense 142,320.00
Utilities
Utilities 55,347.58
Maintenance 64,266.00
TOTAL 11,830,562.58
Sources of Financing

The investment needed for this project will be financed from the following sources:

Loan Value P5,000,000

Total Contributed Capital P6,900,000

A medium-term loan may be obtained from local financing institutions at an annual interest rate of 12%

payable every year for a period of five years. The land improvements, building, transportation

equipment, plant machinery and equipment, and office equipment, furniture and fixtures will be used as

collaterals for the loan.

Partners in the partnership will contribute equally in cash, the excess funds or the contingency funds will

use for the representation and entertainment expenses for the guests and clients who will visit the

enterprise.
Projected Statement of Comprehensive Income

 Raw Materials

For years 2017-2021, the total cost of the ingredients plus its packaging for producing 115,200 bottles is

P2,996,064.

 Direct Labor

Direct labor cost is based on the salaries of production workers, which are assumed to increase by 1.5%.

7 production workers will be hired and assumed to remain constant for 5 years.

 Factory Overhead

Factory overhead cost includes the salaries of production manager, maintenance technician, quality

check control area inspector, light and power, and production uniform expenses. Salaries of personnel

are assumed to increase by 1.5% annually.

Light and Power

It is assumed that the plant will have a connected load of 190 kilowatts. The cost of power directly

attributable to production operation is estimated to be 3,375 in 2017 and is assumed to increase by 2%

annually to cover possible increases in power rates.

Production Uniform Expense

Costs incurred are estimated to increase by 2% annually to cover possible increase in prices.
 Sales Volume

The proposed plant expected to sell all of its production except for an inventory of finished goods that

will stock in the warehouse so that the enterprise would not stock out and continuously supply their

customers.

 Selling and Administrative Expense

Cost included in selling and administrative expenses are salaries of general manager, marketing

manager, warehouse custodian, delivery agent, driver, and security guard and are assumed to increase

by 1.5% annually. Expenses incurred in connection with the production of advertisement materials,

point of sale displays, event fees, and other promotional efforts are also included.

Fuel and Oil

The transportation equipment of the project is estimated to consume about 650 liters of gasoline

annually, costing P18,850 in 2017 and is estimated to increase annually by 2%.

Office Supplies

Expenses for offieece supplies are estimated to be P58,632 for year 2017 and estimated to

increase by 2% annually. See Table

 Interest Expense

Table 23

Yearly Loan Interest

LOAN VALUE: P5 000 000

Year Principal Due Interest Due Total Amount Due Outstanding Balance

2017 5,000,000.00
2018 1,000,000.00 600,000.00 1,600,000.00 4,000,000.00
2019 1,000,000.00 480,000.00 1,480,000.00 3,000,000.00
2020 1,000,000.00 360,000.00 1,360,000.00 2,000,000.00
2021 1,000,000.00 240,000.00 1,240,000.00 1,000,000.00
2022 1,000,000.00 120,000.00 1,120,000.00 -

 Income Tax

30% of the total income is allotted to income tax.

 Table 24

The Beau Essentials Enterprise

Projected Statement of Comprehensive Income
(In thousands of pesos)
2017 2018 2019 2020 2021

Sales 8,287 10,924 13,185 15,068 17,328

LESS: Cost of Goods Sold 4,144 5,149 5,964 6,591 7,407

Gross Profit 4,143 5,775 7,220 8,477 9,921

Selling and Administrative
Less:
Expense
Salaries Expense 1,034 1,050 1,066 1,08 1,098
PAG-IBIG Contributions
Expense 44 45 45 46 47
PhilHealth Contributions
Expense 27 27 27 27 27

SSS Contributions Expense 143 143 143 149 149

Office Supplies Expense 59 60 61 62 63

Utilities Expense 221 226 230 235 240

Maintenance Expense 64 66 67 68 70
Advertising/Promotional
Expense 638 604 604 604 604
Taxes and Licenses Expense 23 24 24 25 25
Transportation Expense 30 31 31 32 32

Depreciation Expense 379 2,662 379 2,653 379 2,678 379 2,709 379 2,734
Income before Interest and Income Taxes 1,481 3,122 4,542 5,768 7,187
LESS: Interest Expense 600 480 360 240 120
Income before Tax 881 2,642 4,182 5,528 7,067
LESS: Income Tax 264 793 1,255 1,658 2,120
Net Income 617 1,849 2,928 3,870 4,947

In table 24, the projected statement of comprehensive income shows the annual net income of
the enterprise. It illustrates the financial performance and results of operations for a period of time.
 Table 25

The Beau Essentials Enterprises

Projected Statement of Cost of Goods Manufactured and Sold
(In thousands of pesos)
2017 2018 2019 2020 2021
Raw Material Inventory, beg.
8 9 9 9
-
ADD: Purchases 3,004 3,747 4,496 5,245 5,995
Raw Materials available for use 3,004 3,756 4,505 5,255 6,004
LESS: Raw Materials Inventory, end 8 9 9 9 10
Raw Materials Used 2,996 3,747 4,496 5,245 5,994
Direct Labor 706 716 727 738 749
Factory Overhead 638 648 658 669 679
Cost of Goods Manufactured 4,340 5,112 5,881 6,652 7,422
Finish goods, beg.
196 158 75 136
-
Cost of Goods Available for Sale 4,340 5,307 6,040 6,727 7,558
LESS: Finish Goods, end 196 158 75 136 151
Cost of Goods Sold 4,144 5,149 5,964 6,591 7,407

In table 25, the projected statement of cost of goods manufactured and sold shows the annual
cost of goods sold that will be deduct on sales every year. After calculating the cost of goods sold, this
will appear on the statement of comprehensive income.
 Table 26

The Beau Essentials Enterprise

Schedule of Depreciation
(In thousands of pesos)
Qty. Cost Cost Useful Residual Annual 2017 2018 2019 2020 2021
per Life (yrs Value Depreci
unit (10%) ation
Land Improvements 1,50 10 150 135 135 135 135 135 135
0
Building 2,00 25 200 72 72 72 72 72 72
0
Equipments, Furnitures, and
Fixtures
Office Equipment
Computer set 4 10 40 7 4 5
Printer with 3 15 45 7 5 6
photocopier and
scanner
CCTV cameras 4 14 54 7 5 7
Air conditioner 4 8 32 8 3 4
Water Dispenser 4 2 8 7 1 1 23 23 23 23 23

Furnitures and Fixtures

Office table 5 5 27 5 3 5
Computer table 4 1 5 5 .5 1
Locker Cabinet 2 5 10 8 1 1
Hanging Cabinet 5 3 13 8 1 1
Bulletin board 5 .2 1 5 .1 .2
Wall clock 4 .2 .8 5 .1 .1
File cabinet 4 3 13 8 1 1
Office chair 7 3 20 5 2 4
Long table 1 3 3 8 .3 .3
Monoblock chairs 20 .3 6 5 1 1
Plastic long table 2 3 6 5 1 1 16 16 16 16 16

Production Area Equipment

XY vacuum mixing tank 1 150 150 10 15 14
Automatic liquid filling 1 158 158 10 16 14
machine
Automatic cap sealing 1 180 180 10 18 16
machine
Intelligent semi 1 63 63 10 6 6
automatic machine
Digital weighing scale 6 5 30 5 3 5
Electric fan 3 1 2 5 .2 .4
Exhaust fan 3 2 5 5 .5 1
Stainless pot 10 .35 4 50 .4 .1
Metal scoop 10 .25 3 50 .3 .1
Aluminum buckets 6 .35 2 50 .2 .04 56 56 56 56 56

Transportation Equipment
Delivery Truck 599 7 60 77 77 77 77 77 77
TOTAL 379 379 379 379 379
 Table 27

The Beau Essentials Enterprise

Projected Statement of Cash Flows
2017 2018 2019 2020 2021

Cash flows from operating activities

Net Income 880,746.68 2,641,801.33 4,182,459.47 5,528,141.67 7,067,333.79

Add: Depreciation Expense 379,143.00 379,143.00 379,143.00 379,143.00 379,143.00

Increase in Accounts Receivables (828,740.00) (263,690.00) (226,020.00) (188,350.00) (226,020.00)

Increase in Raw Materials Inventory (8,423.00) (337.00) (350.00) (364.00) (379.00)

Decrease in Finished Goods Inventory 195,884.00 37,670.00 82,874.00 (60,272.00) (15,068.00)

Decrease in Accounts Payable - - - - -

Decrease in Notes Payable - Current (1,000,000.00

Portion ) - - - -

Decrease in Interest Payable (600,000.00) (120,000.00) (120,000.00) (120,000.00) (120,000.00)

Decrease in Operating Expenses Payable (354,144.00) - - - -

Increase in Income tax payable 164,224.00 528,316.40 462,197.44 403,704.66 461,757.64

(1,171,309.32
Net Cash flow from operations ) 2,023,588.30 3,484,364.91 4,262,380.99 5,405,408.90
Cash flow from investing

Payments for the purchase of Property, (7,529,823.76

Plant and Equipment ) - - - -

(7,529,823.76
Net Cash flow from investing ) - - - -
Cash flow from financing

(1,000,000.00 (1,000,000.00 (1,000,000.00 (1,000,000.00

Payment of long-term Notes Payable - ) ) ) )

(1,000,000.00 (1,000,000.00 (1,000,000.00 (1,000,000.00

Net Cash flow from financing - ) ) ) )

(8,701,133.08
Net increase in Cash ) 1,023,588.30 2,484,364.91 3,262,380.99 4,405,408.90

11,900,000.0
Cash Balance, beg. 0 3,198,866.92 4,222,455.22 6,706,820.13 9,969,201.12

14,374,610.0
Cash Balance, end 3,198,866.92 4,222,455.22 6,706,820.13 9,969,201.12 2
 In table 27, the projected statement of cash flows shows how changes in balance sheet accounts
and income affect cash, and breaks the analysis down to operating, investing and financing activities.
 The Beau Essentials Enterprise
Projected Statement of Financial Position
(In thousands of pesos)
2017 2018 2019 2020 2021

ASSETS Current Assets Cash 3,199 4,222 6,707 9,969 14,375

Accounts Receivables 829 1,092 1,318 1,507 1,733

Raw Materials Inventory 8.4 8.7 9.11 9.47 9.85

Finished Goods Inventory 196 158 75 136 151

Total Current Assets 4,232 5,482 8,110 11,621 16,268

Non-Current Assets Land 5,000 5,000 5,000 5,000 5,000

Land Improvements - net 1,365 1,230 1,095 960 825

Building - net 1,928 1,856 1,784 1,712 1,640

Packaging and Delivery Tools 15.6 15.6 15.6 15.6 15.6

Plant Machinery and Equipment - net 540 483 427 370 314
Office Equipment, Furniture and Fixtures -
net 235 196 158 119 80

Transportation Equipment - net 522 445 368 291 214

Total Non-Current Assets 9,605 9,116 8,759 8,402 8,045

Total Assets 13,837 14,598 16,869 20,023 24,313
LIABILITIES AND PARTNER'S EQUITY

LIABILITIES Current Liabilities Accounts Payable - - - - -

Notes Payable - Current Portion 1,000 1,000 1,000 1,000 1,000

Interest Payable 600 480 360 240 120

SSS Premiums Payable 213 213 213 213 213

Pag-ibig Premiums Payable 88 88 88 88 88

Philhealth Premiums Payable 53.4 53.4 53.4 53.4 53.4

Withholding Tax Payable 202 202 202 202 202

Income Tax Payable 164 693 1,155 1,558 2,020

Total Current
Liabilities 2,320 2,232 2,575 2,860 3,203
Non-Current
Liabilities Notes Payable - Non-current Portion 4,000 3,000 2,000 1,000 -

Total Non-Current Liabilities 4,000 3,000 2,000 1,000

Total Liabilities 6,379 5,232 4,575 3,860 3,203

PARTNER'S EQUITY Abordo, Capital 940 1171 1537 2,053 2,639
Angeles, Capital 940 1171 1537 2,053 2,639
Anore, Capital 940 1171 1537 2,053 2,639
Balanay, Capital 940 1171 1537 2,053 2,639
Bulatao, Capital 940 1171 1537 2,053 2,639
Ceballos, Capital 940 1171 1537 2,053 2,639
Inumerables, Capital 940 1171 1537 2,053 2,639
Tablo, Capital 940 1171 1537 2,053 2,639

Total Partner's Equity 7,517 9,366 12,293 16,163 21,110

Total Liabilities and
Partner's Equity 13,837 14,598 16,869 20,023 24,313
Table 28
 Table 29-31

The Beau Essentials Enterprise

Return on Total Assets
YEAR NET INCOME AVERAGE ASSETS ROA Percent
2017 616,522.68 13,836,930.12 0.04 4.46
2018 1,849,260.93 14,217,264.56 0.13 13.01
2019 2,927,721.63 15,733,084.40 0.19 18.61
2020 3,869,699.17 18,445,808.24 0.21 20.98
2021 4,947,133.65 22,168,039.58 0.22 22.32

The Beau Essentials Enterprise

Return on Investment
YEAR NET INCOME INVESTMENT ROI Percent
2017 616,522.68 6,900,000.00 0.09 8.94
2018 1,849,260.93 6,900,000.00 0.27 26.8
2019 2,927,721.63 6,900,000.00 0.42 42.43
2020 3,869,699.17 6,900,000.00 0.56 56.08
2021 4,947,133.65 6,900,000.00 0.72 71.70

The Beau Essentials Enterprise

Payback Period
YEAR Cash flow Cumulative Cash Period
flow
- 11,830,562.58 - 11,830,562.58 -
2017 616,522.68 - 11,214,039.90 1
2018 1,849,260.93 - 9,364,778.97 1
2019 2,927,721.63 - 6,437,057.34 1
2020 3,869,699.17 - 2,567,358.17 1
2021 4,947,133.65 2,379,775.48 0.52
4.52 yrs.

Financial Analysis

The financial projections indicate that the project is feasible. The projected statement of comprehensive

income presented in Table 24 shows an average annual income of P2,842,200 over the five-year

projection period.
 Table 32

The Beau Essentials Enterprises

Breakeven Point (Annual)
(In thousands of pesos)
2017 2018 2019 2020 2021

Selling and Administrative Expense

Salaries Expense 1,034 1,050 1,066 1,082 1,098

PAG-IBIG Contributions Expense 44 45 45 46 47

PhilHealth Contributions Expense 27 27 27 27 27

SSS Contributions Expense 143 143 143 149 149

Office Supplies Expense 59 60 61 62 63

Utilities Expense 221 226 230 235 240

Maintenance Expense 64 66 67 68 70

Advertising/Promotional Expense 638 604 604 604 604

Taxes and Licenses Expense 23 24 24 25 25

Transportation Expense 30 31 31 32 32

Depreciation Expense 379 2,662 379 2,653 379 2,678 379 2,709 379 2,734

Divide:

Selling Price 75.34 75.34 75.34 75.34 75.34

LESS: Variable Cost 37.67 37.67 37.67 37.67 37.67 37.67 37.67 37.67 37.67 37.67

Breakeven Point (in units) 70.68 70.43 71.09 71.9 72.58

Breakeven Analysis

As shown in Table 32, the project is expected to breakeven with all cost, when its total sales equals to its

total expenses. No profit has been made at the breakeven point, nor have any losses been incurred.
 Table 33-34

Government Contribution Expense (2017-2018)

The Beau Essential Enterprise

Contribution Expense
2017 SSS PhilHealth Pag-Ibig Witholding Tax
Position Number of Individual Employer's ANNUAL Employer's ANNUAL Employer's ANNUAL MONTHLY ANNUAL
Personnel Monthly Contribution Contribution Contribution
Salary

General Manager 1 30,000.00 581.30 6,975.60 375.00 4,500.00 100.00 1,200.00 5,349.78 64197.36

Marketing Manager 1 22,000.00 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,177.68 38132.16

Production Manager 1 22,000.00 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,177.68 38132.16

Driver 1 8,640.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 427.96 5135.52
Compounding/ 2 8,400.00 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 783.92 9407.04
Mixing Area Personnel
Quality Check Control 2 8,400.00 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 783.92 9407.04
Area Inspector

Packaging Area Personnel 5 8,400.00 1,544.00 18,528.00 500.00 6,000.00 500.00 6,000.00 1,959.80 23517.6

Warehouse Custodian 1 8,400.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 391.96 4703.52

Delivery Agent 1 8,400.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 391.96 4703.52

Entry Security Guard 1 8,400.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 391.96 4703.52
TOTAL 16 133,040.00 5,758.30 69,099.60 2,225.00 26,700.00 1,600.00 19,200.00 16,836.62 202,039.44

2018 SSS PhilHealth Pag-Ibig Witholding Tax

Position Number of Individual Employer's ANNUAL Employer's ANNUAL Employer's ANNUAL MONTHLY ANNUAL
Personnel Monthly Contribution Contribution Contribution
Salary
General Manager 1
30,450.00 581.30 6,975.60 375.00 4,500.00 100.00 1,200.00 5,484.78 65817.36
Marketing Manager 1
22,330.00 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,260.18 39122.16
Production Manager 1
22,330.00 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,260.18 39122.16
Driver 1
8,769.60 327.00 3,924.00 100.00 1,200.00 100.00 1,200.00 444.58 5334.96
Compounding/ 2
Mixing Area Personnel 8,526.00 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 821.72 9860.64
Quality Check Control 2
Area Inspector 8,526.00 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 821.72 9860.64
Packaging Area Personnel 5
8,526.00 1,544.00 18,528.00 500.00 6,000.00 500.00 6,000.00 2,054.30 24651.6
Warehouse Custodian 1
8,526.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 410.86 4930.32
Delivery Agent 1
8,526.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 410.86 4930.32
Entry Security Guard 1
8,526.00 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 410.86 4930.32
TOTAL 16 135,035.60 5,776.50 69,318.00 2,225.00 26,700.00 1,600.00 19,200.00 17,380.04 208,560.48
 Table 35-36

Government Contribution Expense (2019-2020)

The Beau Essential Enterprise

Contribution Expense
2019 SSS PhilHealth Pag-Ibig Witholding Tax
Position Number of Individual Employer's ANNUAL Employer's ANNUAL Employer's ANNUAL MONTHLY ANNUAL
Personnel Monthly Contribution Contribution Contribution
Salary

General Manager 1 30,906.75 581.30 6,975.60 375.00 4,500.00 100.00 1,200.00 5,621.81 67461.72

Marketing Manager 1 22,664.95 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,343.91 40126.92

Production Manager 1 22,664.95 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,343.91 40126.92

Driver 1 8,901.14 327.00 3,924.00 100.00 1,200.00 100.00 1,200.00 464.40 5572.8
Compounding/ 2 8,653.89 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 16,291.80 195501.6
Mixing Area Personnel
Quality Check Control 2 8,653.89 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 16,291.80 195501.6
Area Inspector

Packaging Area Personnel 5 8,653.89 1,544.00 18,528.00 500.00 6,000.00 500.00 6,000.00 40,729.50 488754

Warehouse Custodian 1 8,653.89 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 8,145.90 97750.8

Delivery Agent 1 8,653.89 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 8,145.90 97750.8

Entry Security Guard 1 8,653.89 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 8,145.90 97750.8
TOTAL 16 137,061.13 5,776.50 69,318.00 2,225.00 26,700.00 1,600.00 19,200.00 110,524.83 1,326,297.96

2020 SSS PhilHealth Pag-Ibig Witholding Tax

Position Number of Individual Employer's ANNUAL Employer's ANNUAL Employer's ANNUAL MONTHLY ANNUAL
Personnel Monthly Contribution Contribution Contribution
Salary
General Manager 1 31,370.35 581.30 6,975.60 375.00 4,500.00 100.00 1,200.00 5,757.14 69085.68
Marketing Manager 1 23,004.92 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,425.78 41109.36
Production Manager 1 23,004.92 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,425.78 41109.36
Driver 1 9,034.66 327.00 3,924.00 100.00 1,200.00 100.00 1,200.00 482.55 5790.6
Compounding/ 2 8,783.70 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 893.58 10722.96
Mixing Area Personnel
Quality Check Control 2 8,783.70 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 893.58 10722.96
Area Inspector
Packaging Area Personnel 5 8,783.70 1,544.00 18,528.00 500.00 6,000.00 500.00 6,000.00 2,233.95 26807.4
Warehouse Custodian 1 8,783.70 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 446.79 5361.48
Delivery Agent 1 8,783.70 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 446.79 5361.48
Entry Security Guard 1 8,783.70 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 446.79 5361.48
TOTAL 16 139,117.05 5,776.50 69,318.00 2,225.00 26,700.00 1,600.00 19,200.00 18,452.73 221,432.76
 Table 37

Government Contribution Expense (2021)

The Beau Essential Enterprise

Contribution Expense
2021 SSS PhilHealth Pag-Ibig Witholding Tax
Position Number Individual Employer's ANNUAL Employer's ANNUAL Employer's ANNUAL MONTHLY ANNUAL
of Monthly Contribution Contribution Contribution
Personnel Salary

General Manager 1 31,840.91 581.30 6,975.60 375.00 4,500.00 100.00 1,200.00 5,898.30 70779.6

Marketing Manager 1 23,350.00 581.30 6,975.60 275.00 3,300.00 100.00 1,200.00 3,512.05 42144.6

Production Manager 1 23,350.00 581.30 6,975.60 287.50 3,450.00 100.00 1,200.00 3,512.05 42144.6

Driver 1 9,170.18 327.00 3,924.00 112.50 1,350.00 100.00 1,200.00 502.88 6034.56
Compounding/ 2 8,915.45 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 4,159,504.98 49914059.79
Mixing Area Personnel
Quality Check Control 2 8,915.45 617.60 7,411.20 200.00 2,400.00 200.00 2,400.00 4,159,504.98 49914059.79
Area Inspector

Packaging Area 5 8,915.45 1,544.00 18,528.00 500.00 6,000.00 500.00 6,000.00 4,159,504.98 49914059.79
Personnel
Warehouse Custodian 1 8,915.45 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 4,159,504.98 49914059.79

Delivery Agent 1 8,915.45 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 4,159,504.98 49914059.79

Entry Security Guard 1 8,915.45 308.80 3,705.60 100.00 1,200.00 100.00 1,200.00 4,159,504.98 49914059.79
TOTAL 16 141,203.81 5,776.50 69,318.00 2,250.00 27,000.00 1,600.00 19,200.00 24,970,455.17 299,645,462.08