Owner’s name: Lister M.

Briones

Gender: Male

Birth date: June 24 1936

Age: 74

Status: Married

Educational background:

Company name: LMB Aico

Location: Masbate, Calasuche/ Manila, Navotas

Q. What age you started the Business?

A. 1972 .

Q. Why did you start the Business?

A. the property was an ideal place to culture several aquatic productcs such as crabs,milk fish
and tiger prawn.

Q. How did the Business started?

A. my father sold it to me.

Q. How is it now?

A. it is operatong for 3 decades now

Q. So what is your product now?

A. I’ve focused on tiger prawn because they are sold easily now a day’s.

Q. How much is it?

A. 1 kilo is usually priced about 380-350.

Q. In 1 kilo of prawns how many pieces are there?

A. I think about 15pcs.

Q. How many tiger prawns do you have in your farm.

A. Last April I bought about 3,750 young prawns.

Q. How long does it take for the prawns to grow?

A. 3 months to 5 months.

Q. So how much profit are you expecting to gain on your harvest?

A. I was expecting at least 75,000 or higher.

Q. Taking care of these type of fish must be hard is it?

A. No not really you just have to feed them and maintain a good environment for them.

LMB Aico

March-June 2010

Accounts:

Cash on hand P.20,000 Transportation in 1,500

Cash in bank 130,000 Land 2,500,000

Merchandise inventory 87,500 Accumulated Deprecitation- Land

Briones, Capital 60,000 Accounts payable 5,600

Briones, Personal 16,000 Rent expense 7,000

Sales `89,650 Salaries expense 28,000

Purcahases 10,600 Tax expense 6,000

Freigth out 2,000 Utilities expense 3,600

The following are the march to june transactions of LMB Aico.

March

1 Briones invested 60,000 cash

2 Purchase fish feeds on account from Jerry’s fish supply 5,600

4 Cash purchase from Toto’s shrimp semilia 5,000

6 Purchase farm supplies 1,800

10 Purchase fish farm equipments 2,200

15 Paid utilities bill 1,300

18 Paid Jerry’s fish supply 2,300

21 Paid taxes 2,000

30 Paid Employees salaries 8,000

April

3 Paid Jerry’s fish supply 3,300

18 Paid Utilities 1,000

23 Briones withdraw 10,000 for personal use

30 Paid Employees salaries 8,000

May

20 Paid utilities 800

29 Paid Salaries 8,000

June

5 Friegth out paid Ferry transportation 2,000

7 Paid Tracking service in good delivery 1,500

7 Sold 40kilos of shrimps 15,200

8 Sold 30 kilos 11,400

9 Sold 60 kilos 21,100

10 Sold 53 kilos 18,500

11 Sold 30 kilos 10,500

12 Sold 37 kilos 12,950

12 Paid store rent 7,000 Paid store Employees salaries 4,000