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TRINITY UNIVERSITY OF ASIA

Cathedral Heights
275 E. Rodriguez Sr. Avenue, Quezon City

A Feasibility Study on

HOUSE OF WHEELCHAIR

In Partial Fulfillment of the Requirements of


Bachelor of Science in Accountancy
College of Business Administration

Presented to:
Mrs. Cecile Baniqued

Presented by:
Christian Aris Guy
Jeffrey Jaramillo
Dianne Lozano
Janelle Ann Sotto

CHAPTER I
EXECUTIVE SUMMARY

A. Company Name : House of Wheelchair


The business proponents came up with the House of Wheelchair as the name of the
business. House of Wheelchair can be interpreted as one of the places within the campus that sets
the perception to the persons with disabilities (PWD) that our dormitory serves and
accommodates them with good facilities.
B. Company Logo

The business proponents came up with this logo because they business believed that it
can reflect and represent thoroughly the essence of the business.
The colors red, blue and green are the primary colors of the logo. Red brings focus to the
essence of life and living with emphasis on survival. In order to survive, everyone needs a home.
Blue is helpful to calm and to relax, to counteract chaos or agitation. It is used to provide relief to
people who have difficulty in sleeping or who have nightmares. It also encourages feelings of
communication and peace. Green is the most restful color. It symbolizes self-respect and wellbeing. It also symbolizes the master healer and life force.
The persons with disabilities (PWD) logo is used to emphasize the persons who will stay
in the dormitory.

C. Location
Location is one of the major factors to be considered in starting up a business. It must be
assured that it is accessible to the target market. If location is later found to be incompatible to
the situation as to give consideration to its target market, it may lead the company to failure.
The House of Wheelchair is located within the Trinity University of Asia campus. In that
case, only the persons with disabilities (PWD) students in the campus can stay in the dormitory.
D. Brief Description of the project
The project will consist of a building located within the Trinity University of Asia
campus that will be used to accommodate the persons with disabilities (PWD) who are studying
at Trinity University of Asia. It has modern facilities and an ambiance that is conducive to
learning. Female quarters are separate from male quarters.
Amenities:

24 hours security
WIFI study room
Wash area per room
Kitchen and dining area (common area)
Laundry area
First-aid medicine kit per room
Single-size bed
Air-conditioned room
Receiving area (for visitors)

E. Objectives

In 1995, Trinity University of Asia was recognized by former Pres. Fidel V. Ramos as the
Friendliest School for the Disabled. The main objective of this project is to prove that Trinity
University of Asia is continuing the tradition of caring for the disabled.
The secondary objectives of the study are to lessen their burden in commuting to school.
In addition, it provides a clean, comfortable and secure accommodation to students. Also, it gives
a wide variety of services.
Marketing Aspect

To be able to determine the impact of this proposed project to the stakeholders, both the students
and the university.
Management Aspect

To be able to promote the most appropriate method for the management of the dormitory.

Technical Aspect

To be able to create a good dormitory that will meet the expectations and needs of the PWD
students.
Financial Aspect

To be able to determine ways to make this project affordable to those who will benefit from it
and at the same time, profitable for the business owners.
Socio-economic Aspect

To be able to prove that the proposed project will benefit the students especially those
with disabilities, as well as the University.

F. Scope and Limitation


This study aims to establish a dormitory for the persons with disabilities (PWDs)
studying in Trinity University of Asia. The study will be based on the needs of the PWDs
students. It is focused on reducing burden of the PWD students coming to school.
The scope of the study shall cover new respondents who will benefit from this project in
the future. They are the new PWD students who will be enrolling in Trinity University of Asia
for the coming years.
The dormitory is made only for ten(10) PWD students. The students is responsible to
provide their foods and they can also cook at the dormitory. They can have their breakfast and
lunch at the University canteen if ever or they can buy their foods outside. The kitchen will be
provided with complete set of cooking tools. Bedrooms are big enough for each student but
pillows, blankets, and other stuff is not provided for the students.

CHAPTER II
MARKET STUDY

Marketing is a system of business activities designed to plan, price, promote and


distribute want-satisfying goods and services to present and potential customers. It is considered
as the lifeblood of every business transactions because it is a strategic way to cope up with the
needs and wants of the customers, find opportunities from it, introduce and market the product,
achieve customers loyalty and patronage.
The objective of the proposed project is to delight the disabled students, not just by
meeting their expectation but rather exceeding and going the extra mile. Moreover, its about the
profitability of the business. Marketing aspect serves as the basis of the financial section through
the projected demand. There can be no discussion of profitability or of the other aspects of the
study, if in the first place, there is no demand or market. Every business is practically aspiring for
productivity but practically in order to last in the business world, the first thing to take into
consideration is the target market. The customers will be the key to achieve the objectives of the
organization.

A. Potential Market
The potential market of this study is the persons with disabilities (PWD) that are enrolled
in Trinity University of Asia. Since this university is giving priority to PWD, Pres Fidel V.
Ramos recognized T.U.A. as the Friendliest School for Disabled in 1995. This also aims to
attract more PWD enrollees to study here in T.U.A. because they would feel more welcome if
there is a place for them to hangout during vacant periods or during their break time.
This facility is not actually new because there was a time that the school provides special
place for the wheelchair users who are enrolled. They called it Disabled Enablement and
Empowerment Program (DEEP). But sadly, when the wheelchair user enrollees decreased, they
decided to raze the place which was formerly located to where the University Chapel stands now.

B. Product and Services


The House for Wheelchair will be the second shelter for the persons with
disabilities(PWD) students in Trinity University of Asia, providing them a services and products
like television, stereo, electric fan, tables and chairs which they can use to relax and bond with
other PWD. Before, the D.E.E.P was an air-conditioned facility with television and had enough
space for wheelchair users so the business proponents like to provide them with almost the same
services.
C. Project Demand
Rental fee per month

8, 500

Multiply by students
Income per month

10
P

85, 000

Multiply by months
Annual Income

12
P 1, 020,000

D. Marketing Strategies
For marketing strategies, we should always consider the so called Marketing Mix:
Product, Place, Price and Promotion.
D.1. Product Strategy
The proposed project offers a dormitory for the persons with disabilities (PWD)
students of Trinity University of Asia. It is a place in the school campus where they can live a
comfortable life as they study and where all they needs will be provided. Internet use will be
available in the dormitory for the students to be able to do their homework and research. The
dormitory will be designed and built based on the needs of the PWD students.
D.2. Price Strategy
Determining the price is one great factor that affects the marketability of a certain
business or project. The price or the rent in the dormitory is P8, 500 per person per month.

D.3. Place Strategy


The place for the proposed project will be at Trinity University of Asia campus,
Cathedral Heights, E. Rodriguez Sr., Quezon City, because the project is intended primarily to
the PWD students of the said university.
D.4. Promotion Strategy
In promoting the proposed project, the business proponents intend to do the
following: make posters, create a website and distribute flyers to advertise the dormitory.
E. Promotion and Advertising
The main objective of this project is to prove that Trinity University of Asia is continuing
the tradition of caring for the disabled.
To achieve this objective, the business proponents are going to focus on the target market
to give them the services they need and became loyal customers. Also, the 10 percent of the
profit of the business will be donated to the TahanangWalangHagdan.
E.1. Posters
Posters will be placed outside the campus. The design of the poster should be able to
catch the attention of the customers because of its informative and aesthetic value. Chosen colors
are pleasing to the eye and will surely boost the interest of the customers to stay in the dormitory.
E.2. Website
In this modern world, surfing the internet is one of the easiest ways to have a quick
access to search. The business proponents will be using free website in order to reach wider
range of possible customers. This will be a great help for them to know the concept behind the
House of Wheelchair. It will also provide good communication relationship in ways that, the
business proponents will be asking information and comments/suggestions for improvements and
other concerns.

E.3. Flyers
Flyers can have wide range of possible customers for it can be brought to other
places. It is helpful to introduce and create awareness of the project to its target market. It will
also give information about the project and its benefits.

CHAPTER III
TECHNICAL STUDY

The technical feasibility of the project deals with the allocation of resources that will be
needed to satisfy the customers. The technical soundness analysis will be considered complete if
all pertinent technical aspects of the project have been taken into account and if the planned
construction conforms to accepted standards and practices. The estimated cost of the project
should be as low as any other reasonably available alternate which would produce the intended
results. The objective of this chapter of the feasibility study is to determine to what extent the
project meets the technical aspects.

A. Plant Location
Since the proposed project is for the persons with disabilities (PWD), the business
proponents decided to erect the House of Wheelchair inside the Trinity University of Asia
campus so that their burden in commuting to school would be lessen. The dormitory will be
enough to shelter at least 10 wheelchair users (five boys and five girls).
It will be located near the University House and the swimming pool area because they
want the dormitory not just accessible but also convenient for the boarders. The place is peaceful
and conducive to learning.
Aside from that, it is surrounded by different fast-food chains and grocery stores.
Moreover, it is also located near the St. Lukes Medical Center in case of emergency.

B. Plant Size and lay-out

C. Facilities
FACILITIES
Rooms

Laundry area

DESCRIPTION
Single bed is available in each room
It has a closet, desk, chair, fluorescent light,

and air-conditioned
Laundry machines are free for use provided
the users must be neat, tidy, and
considerate of fellow laundry room
users

Kitchen
Lounge
Study area

Kitchen utensils are provided by the


management
It has a sofa and a cable-TV for the visitors

Computers and printer are located at


the study area

D. Equipment
MACHINERIES
Computer

DESCRIPTION/USES

Used by the PWD students to do their

research.
Used by the lobby personnel to store and
record data and accounts

Printers

Used to print the documents

Air conditioner

For better ambiance

EQUIPMENT

DESCRIPTION/USES

CCTV camera

For security purposes

Telephone

For communication and business

transactions purposes
Calculator

For computation purposes

Fluorescent light

For better ambiance

KITCHEN UTENSILS

DESCRIPTION/USES

Stove

Used in cooking

Casserole

Used to cook food

Frying Pan

Used to fry and to saut food

Kitchen knives

Used to cut or slice ingredients

Chopping board

Used as a surface on which to cut or slice


ingredients

Spatula

FURNITURE AND FIXTURES

Used for mixing and spreading ingredients


DESCRIPTION/USES

Single-size bed

For sleeping and relaxing

Desk and Chairs

For studying

Dining table

For dining

E. Utilities
This dormitory will also be affordable for persons with disabilities (PWD) students.
There will be a fix monthly payment including the utilities such as electricity and water bills, for
the boarders. There will be an additional payment if one has additional gadget (e.g. P50.00 for
cellular phone, P100.00 for electric fan and P500.00 for laptop, tablet or desktop, P250.00 for
electric iron and others) depending on its kind and amount of the electric consumption. The

business proponents think that this would help to control the usage of electricity and it will be
fair for all.
E.1. Electricity
It is one of the primary utility requirements of a business. The proposed project will
greatly need this for its proper and smooth operations and also set the atmosphere of the
dormitory for its proper lighting and ambiance.
E.2. Water Supply
As the dormitory executes its operations, it needs a good water supply in order for the
persons with disabilities (PWD) students to continuously do their tasks. A good water supply will
ensure that the PWD students perform tasks such as taking a bath, washing the dishes and others.
E.3. Telecommunications
Telecommunications is a form of communication that is said to be indispensible to the
duration of a business. The proposed project need this so called telecommunications in order to
have a clear and proper negotiation with the customers regarding their feedbacks, suggestions,
recommendations and concerns, that can help and contribute to the business development and
profitability. Also, this will facilitate communication between the student and their families.

F. Consumables
MATERIALS
Logbook
Ballpen
Bond Paper
Ink
Dishwashing liquid

DESCRIPTION/USES
For attendance purposes
Used in writing important details and

documents
For printing purposes
For printing purposes
Used to clean utensils

Sponge
Mop
Broom

Used to clean utensils


For cleaning purposes
For cleaning purposes

G. Timetable of Activities
ACTIVITY

TIME ALLOCATED

DESCRIPTION
The range of the said period is
appointed for the research
done by the business

Feasibility Study, Research


and Analysis

1st week of September 2013


1st week of October 2013

proponents to be able to
produce a service that will
satisfy the customers. The
research includes if it will be
feasible to fresh graduates to
establish a business as such.

Capital Contribution

st

1 week of September 2013


1st week of February 2014

To establish a business,
enough capital is needed. To
have this capital without
obliging the business
proponents to bring out a big
amount of money all at once,
they decided to contribute
P125, 000 in five months.
Also, they are obliged to pay
for the violations such as
meeting absences and late
arrivals to add in the sum of
the contribution.
With this, the business
proponents will come up with

a capital of P10, 000,000.


A business will not be able to
proceed to operation without
securing the necessary permits
Registration Permit and other
Licenses

1st week of January 2014 1st


week of February 2014

and other legal requirements.


It is easy to secure a permit,
which is why it would only
take a month to perform the
activity.
Canvassing of materials,

Canvassing of Materials and


Location of the Business

1st and 2nd week of February


2014

furniture and equipments


could be accomplished in a
couple of weeks.
After finishing the gathering
of permits and legal
requirements, setting the
location of the business will

Construction of the dormitory

2nd week of February 2014


4thweek of March 2014

be done. The setting of the


business location includes:
fixings of electrical wirings,
water pipes, construction of
the dormitory, and allocation
of furniture and equipments.
Since the business is just
starting and not yet big, only

Recruitment and Hiring of


Employees

few employees are needed.


1st and 2nd week of April 2014

The recruitment and hiring


process will only consume
two weeks of the whole

Purchasing Materials and


Equipments

3rd week of April 2014

preparation for the business.


Following the setting of the
location along with the

recruitment and hiring of


employees, comes the
purchasing of materials and
equipments. A week is enough
to fill the business place with
the necessary supplies,
furniture, materials and
equipments.
After all the preparations for
the business place and hiring
of employees, the business
Training of Employees

4th week of April 2014

proponents will develop the


employees skills by training
them for the accuracy of their
works.

CHAPTER IV
MANAGEMENT STUDY

Management is one of the important aspects in establishing a business. It is the


performance of conceiving and achieving desired results by means of group effort consisting of
utilizing human talents and resources. Therefore, management is considered as the force that runs
an enterprise and is responsible for its success of failure. The overall implementation plan is
discussed in the organization and management study. This aspect includes a study of the officers
and personnel, basic consideration in forming the organization, form of the business,
organizational chart and the rules and regulations. The objective of the management aspect of a
feasibility study is to determine the option effectiveness of the organizational setup and

qualifications of the individuals who will make up the organization. This aspect will determine
the successful realization of the project study.

A. Form of Business Organization


The type of the business is a partnership between Mr. Christian Aris Guy, Mr. Jeffrey
Jaramillo, Ms. Dianne Lozano, and Ms. Janelle Ann Sotto. Article 1767 of the new civil code of
the Philippines provides that by the contract of partnership, two or more persons bind
themselves to contribute money, property, or industry to a common fund, with the intention of
dividing the profits among themselves. All the investments of the partners will be transferred
into the name of the partnership and all the partners will be co-owners of the assets of the
partnership. It is to be registered with the Securities and Exchange Commission (SEC) for the
contract called Articles of Co-Partnership.
House of Wheelchair as a partnership will be registered with the different government
agencies with the Securities and Exchange Commission (SEC), Department of Trade and
Industry (DTI), Business Permit and Licensing Office of Quezon City (BPLO), Bureau of
Internal Revenue (BIR), and Social Security System (SSS).

B. Capitalization
PARTNERS

KIND OF
PARTNER

CAPITAL

SOURCES OF
CAPITAL
Cash Payments from

Christian Aris Guy

Capitalist-industrial

P2, 500,000

Rentals and Personal


Savings
Personal Savings
Sale of property and

Jeffrey Jaramillo

Capitalist-industrial

P2, 500,000

Dianne Lozano

Capitalist

P2, 500,000

Janelle Ann Sotto

Capitalist

P2, 500,000

Personal Savings
Cash from parents and
Personal Savings

C. Organizational Structure

OWNERS

Christian Aris
Guy

Jeffrey Jaramillo

Dianne Lozano

Janelle Ann
Sotto

MANAGER

LOBBY
PERSONNEL

SECURITY
GUARD

JANITORS

D. Manpower Requirements
It is very vital in all business organization to know how their manpower requirements to
operate systematically and effectively at all times. It will help also to determine the capacity or
capabilities of the employees to fit in the flow of business as well as to have clear duties and
responsibilities. Having standard qualification in hiring and selecting the employee will establish
efficient business operations.
POSITION

JOB DESCRIPTION
Responsible for the overall
supervision of all the
employees
Responsible for the

JOB SPECIFICATION

College graduate of as 4-

year Management degree


At least 2 years of
managerial experience and

administration of all the

has a higher degree of

management functions:
Manager

planning, organizing,
controlling and directing
Handles the implementation of
the policies, rules and
regulations throughout the
organization
Monitors the performance of
his subordinates

Security Guard (2)

female
Highly intelligent and very

good in decision making


Hardworking and good in

handling people
Good communicative skills

Greet customers politely at all

At least high school

times
Ensures good customer

graduate
21-30 years old, male or

female
With pleasing personality
With working experience
Hardworking and with high

level of work discipline


Fast in accomplishing task

relations by giving friendly


Lobby Personnel

academic preparation
With pleasing personality
24-25 years old, male or

service to them

Responsible for the safety and

and can do multitasking


25-53 years old, male

security of the students

living in the dormitory


Responsible for allowing
persons that can enter the

With working experience


High level of work

discipline
Works on a security agency

At least high school

graduate
18-25 years old, male and

female
Hardworking and easy to

dorm and forbid those who


are not
Help the PWD students in
keeping cleanliness in the
dormitory
Responsible in cleaning the

Janitors (2)

kitchen, dining room, the


lounge, the comfort rooms

approach

and showers, except the


rooms of the students

E. Compensation and Benefits


E.1. Salaries and Wages
All employed shall receive their respective salaries or wages as provided in their
contract of employment every 15th and last day of the month. Cut-off for payroll computation is
every 10th and 25th of the month.
JOB

BASIC SALARY STARTS FROM

Manager

P 10, 000

Lobby Personal

P 6, 000

Security Guard

P 4, 000

Janitors
E.2. Overtime Pay

P 3, 250

Employees may be required to work beyond their shift or even on rest days due to
work requirement. Every effort should be made to avoid unnecessary overtime work and to keep
work within reasonable limits. All overtime work should have prior written approval from the

manager. Even employee should file the overtime slips within the pay period to be compensated.
No overtime slip, no overtime pay.
E.3. Cancelled Day off/ Holiday Pay
Every employee shall be provided with a rest period of 24 hours after every 6 consecutive
normal working days. Work performed on a regular holiday should be compensated with an
additional compensation equivalent to 100% of his regular salary.
The following should be considered regular holidays:

New Years Day Maundy ThursdayGood FridayAraw ng KagitinganLabor DayIndependence DayNational Heroes DayRamadanAll saints DayChristmas DayRizal Day-

January 1
Movable date
Movable date
April 9
May 1
June 12
Last Sunday of August
Movable date
November 1
December 25
December 30

E.4. 13th month pay


The 13th month pay of an employee which shall be equivalent to of their basic
salary earned within a calendar year shall be given not later than 24th of December of each year.

E.5. Paternity and Maternity Leaves


Paternity and Maternity leave benefits as provided by law shall be given to every
employee entitled thereto, upon complying with all the requirements of the company and upon
proper verification by the companys duly authorized representatives.
E.6. SSS Insurance

Social Security System (SSS) is just one of the benefits of a common private
employee in the Philippines. Just like any insurance, it is so helpful financial aid to all members
and their beneficiaries. All SSS members both employees and employers are automatically
entitled for the EC compensation program to receive generous benefits. Benefits from sickness,
injuries, death, and disability are just among the broad coverage of this type of benefits from the
Social Security System.
E.7. PhilHealth
PhilHealth provides subsidies for hospital room and board fees, drugs and medicines,
laboratory exams, use of operating room complex and professional fees for confinements of not
less than 24 hours.
E.8. Retirement Benefits
Retirement pay benefits as provided by law shall be given to all qualified employees
upon their retirement from the company.
E.9. Bereavement Assistance
If an immediate family member of a regular employee passed away, they shall be
given a financial assistance of P 5,000 upon complying with all the requirements of the company
and verification by its authorized representative.

F. Organizational Policies
F.1. Attendance
Attendance is an important quality that the company expects from their employees. It
is a factor that determines an employees efficiency and reliability. Their presence is necessary
for the smooth flow of work at the start of the business hours.

With regards to attendance, the organization has some policies regarding this matter.
The personnel and workers are strictly informed about the standard of the business regarding the
personnels attendance and absenteeism. The workers are responsible to report to their employers
their absences and the reason for it. Attendance is checked daily. It is important to make the
personnel aware of the importance of being at work regularly because it also contributes to the
success of the business.
F.2. Rules, Regulations, and Prohibitions
In an effort to ensure the orderly conduct, smooth interpersonal relations and efficient
management. The following rules and regulations have been drawn for the compliance of the
student residents:
Proper Behavior
The following must be observed at all times:
a.
b.
c.
d.
e.
f.
g.
h.
i.

Love of God and others


Cleanliness
Politeness
Honesty
Use of decent language
Truthfulness
Cooperation
Helpfulness
Resourceful

Electrical Appliances
The use of the Flat iron is allowed on the following schedules:
7:00 am to 9:00 am
4:00 pm to 5:00 pm weekdays (alternate boys and girls)
3:00 to 5:00 pm Saturday and Sundays
Use of Water

Always double check that all faucets are tightly closed after use. Comfort rooms must be
kept clean at all times. Washing of clothes and dishes must be done only at the laundry area.
The area must be kept clean at all times. For leaks, inform the management immediately.
Meal
Each student must bring his/her own drinking glass, plates, fork and spoon and other
utensils. They are responsible for their care and proper keeping.The following meal schedule
must be observed at all times:
6:00-8:00 am Breakfast
12:00-1:30 pm Lunch
7:00-9:00 pm Dinner
Housekeeping Duties
Each student will be given housekeeping assignment such as cleaning their own room
and in the kitchen. Specific assignment will be posted in the dormitories. General cleaning
schedules every Sunday morning.
Visiting Hours
Personal visitors of residents are not allowed during school days except for emergencies.
Residents should entertain and receive visitors only in the reception area. They are not allowed to
go to the sleeping area.The visiting schedules:
Saturday 1:00-6:00pm
Sunday 10:00 am 6:00 pm
Curfew
The front door closes at 8:00pm. No one is allowed to go out of the premises after the
curfew hour unless for a valid reason.
Sign-out Procedure
The students are required to log out and in stating ones name, destination, time in and
out.
Privacy

Privacy of the male and female dormitories should be maintained at all times. Male
students are not allowed in female dormitory and vice versa.
Behavior with Disciplinary Sanctions
The following behaviors are not acceptable in the dormitory:

Intoxication
Taking prohibited drugs.
Drinking hard liquor
Smoking
Immoral and unethical conduct
Dishonesty
Insubordination/Disrespectful to the personnel
Thievery
Gambling
School absences without valid reasons
Using vulgar language and shouting
Disobedience to the rules and regulations
Vandalism
Possessing pornographic books, magazines and video

F.3. Disciplinary Actions


If a student is caught or reported for any of the above behavior, the management will
call the student for explanation. The management will prepare an incident report using the form
provided. The report states the date, time the incident happened and the description of what had
occurred. The student will be requested to sign the report. In case the student refuses to sign the
report, a meeting will be called by the management with the representative from the students
together with the parent of the involved student and the student him/herself. They will discuss
the situation and settle it the amicably.
Options for disciplinary action are the following:
First and Second Offense-

Warning

Last Offense-

Penalty of P 5,000

The management will decide the disciplinary action for penalty cases. The involved
student will be informed in writing of the decision.
G. Legal Requirements
In constructing a dormitory there are some certain requirements to make for the
registration and legalization of the building. Some papers are needed to be signed and passed to
certain government agencies. The following are the legal requirements in constructing a
dormitory for the pwd students of Trinity University of Asia:

The partnership contract (Articles of Co-Partnership) is to be registered with the

Securities and Exchange Commission (SEC) which will issue a certificate of registration.
The partnership or business name will be registered with the Department of Trade and

Industry (DTI) which will issue a certificate of registration of business name.


A mayors permit will be secured from the Business Permit and Licensing Office of

Quezon City (BPLO).


The tax account number will be secured from the Bureau of Internal Revenue (BIR).
The SSS certificate of membership and the SSS employer ID number will be secured
from the Social Security System (SSS).

CHAPTER V
FINANCIAL STUDY

The financial aspect of the project feasibility study quantifies the results of the marketing,
technical, management, and legal phase of the project study. It expresses in peso terms and the
shows possible outcome of operating the project.

A. Total Project Cost


A.1. One-Time Expense
Cost of Land and Building:
Purchase of Land

P 3, 000,000

Materials used

2, 000,000

Architect fee

100,000

Labor on construction

1, 000,000

Legal Fees

10,000

6, 110,000.00

Furniture and Fixtures:


Single-bed
Desk and Chair

20, 000
10, 000

Dining Table

2, 000

Sofa

3, 000

TOTAL

35,000.00
P 6, 145,000.00

A.2. Monthly Expenses


Petty cash

P 2, 000.00

Consumables

3, 000.00

Utilities:
Electricity

P 10, 000.00

Water

5, 000.00

Telephone

1, 000.00

Salaries
Transportation
Taxes

16, 000.00
30, 500.00
2, 000.00
30, 000.00

TOTAL

P 83, 500.00

B. Computation of Projected Yearly Income and Net Profit


Rental fee per month

Multiply by students

8, 500.00
10

Income per month

Multiply by months

85, 000.00
12

Annual Income

P 1,020,000.00

Less:
Monthly Expense

P 83, 500.00

One-time expense (6, 145, 000/15)

409, 666.67

NET PROFIT

493, 166.67

526, 833.33

CHAPTER VI
SOCIO-ECONOMIC STUDY

The socio-economic impact of this study will clearly state its relevance to the external
aspect of the business. It is to determine the contributions of the business to the Philippine
economy and to describe the benefits of the business to its community.

A. Socio-economic Aspect
A.1. Contribution to the Philippine Economy
Every business establishment will be of great help for the growth and development of
the Philippine economy. This will only be possible if every firm will be responsible enough to
perform their duties and obligations to the customers, to the community and to the government.

House of Wheelchair will definitely contribute additional earnings to our government


by means of paying right taxes. Through this, the government can able to perform its functions
well, including continuous support and assistance to the business industry.
A.2. Employment Generation
The business will provide job opportunities to many individuals especially to those
who have great passion in serving the persons with disabilities (PWD). Every society wants all
its qualified members to be employed. House of Wheelchair will help to lessen the rate of
unemployment and underemployment.

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