This It Thesis

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CHAPTER I
EXECUTIVE SUMMARY
INTRODUCTION
Presently, sports in the Philippines place an important role in the
country’s culture and so as the recreational activities. However, due to
the increasing in the growth of population and lacking of facilities that
can accommodate well in the Philippines – as been observed in the local
areas, it is hard to promote sports, considering the place and
technology nowadays. Having it aside, people especially young ones
tend to find more accessible sports/ athletes facility or complex with
conducive / pleasant ambience that will help them play with feeling of
being secured and that can nurture their athletic abilities and even opt
to be open for other recreational activities.
Sports as part of Philippines’ culture, promotes

camaraderie and sportsmanship, as it is an activity involving physical
exertion and skill in which an individual or team competes against
another or others for entertainment which provides opportunities to
nurture physical fitness and social interaction skills. The benefits of
having a sports/athletic facility in the Philippines especially in local
areas, that is, it promotes camaraderie, sportsmanship, team spirit, and
enthusiasm towards the athletes/ players, social acquaintance, and
security.
In conducting this study, it will give an overview in the

preferences of the athletes’ idea of having a sports/ athletics facility
whether it provides those advantages or benefits. Having this study
also, will in still us the benefit and idea of having the facility for the
locals and the youth, whom are engage in playing sports. In line with
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this, there are different sports complex here in the country and
government projects in the local areas like Barangay Gym or sports
facility which are accessible in the market. However it doesn’t
provide much of the needs of the market or youth. Hence, this project
study, as proposed will have to accommodate the ideas and the needs of
the youth in their development which opt to provide more space for
sports games and how it can help the country economically.
Furthermore, Sport facility, are places and things for doing

sports equipped also called a sport complex, which referred as a large
and expansive area that incorporate several fields or could dedicated to
a particular sports or series of sports. These types of sports facilities are
often used for tournaments and leagues because they can hold a
significant amount of people to watch team play. In the education
environment, it provides a foundation in conducting sports play with
sportsmanship, confidence and the benefit of physical activity. As
JulyFoudy quoted: “Sports build good habits, confidence and discipline.
They make players into community leaders and teach them how to strive
for goal, handle mistakes, and cherish growth opportunities.”
To learn more about the sports facility its nature and flow of
operation or business, the researchers are conducting a feasibility study
of establishing an exclusive and world class sport facility in the city of
Iligan, with a conducive and pleasant ambiance, and effective and
efficient service and amenities that will satisfy the needs of the youth
and suffice their wants of a better place to play with confidence and
camaraderie to the sports they love to play, in the areas for security
also, and self- improvement for great future.
Moreover, this study focuses about a sport facility/ complex

project, as well as its contribution and benefit to the society as a whole.
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It also shows the survey results and the proposed layout of the
mentioned business project. The study was conducted on November
2018 and will be finished on March 2019.
Statement of the Problem
This study is conducted to evaluate the feasibility of having a rent

a court service. The following statements aim to guide the researcher in
conducting this study:
1. What is the demographic profile of the respondents in terms of:
1.1 Sex;
1.2 Age;
1.3 Weekly allowance;
2. Is there a demand for the proposed business?
3. Who are the prospect competitors?
4. Who are the potential target markets?
5. How much is the capital requirement for the proposed project?
6. What are the potential problems to be encountered by the
business?
7. What are the marketing strategies will be implemented to promote
the business?
8. What is the conclusion and recommendations?
Objective of the Study
 To provide opportunities and accommodate the athletes or

youth efficiently, as well as, to fill in the gap between the
demand and supply of sport facilities or events facilities in the
Iligan City.
 To inform the reader and the users of this study that involving
in and creating a sports facility business is one of the fulfilling
engagement in providing opportunities to help the youth,
society of the residents of the places and play well with its
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ambiance, amenities, facility, and accommodation in the

future time.
 In addition for the mention above, La Centro Atletico de Iligan
will provide a quality service and convenient place for the
athletes and local athletes in Iligan. The equipment for sports
will be provided.And there will be shower rooms for the
players who played if they want to fix themselves after playing.
Furthermore, the La CentroAtlético de Iliganaims to help those
event organizerwho were looking for the venue, a ready to use
venue.
Project Title/Name
The proposed project will be named as “La Centro Atletico

de Iligan.” It will be a multi-purpose sports complex designed to
cater the needs of the sports enthusiasts and local athletes of
Iligan City.
La Centro Atlético de Iligan came from the Spanish

translation of “The Athletic Center of Iligan”. The reason why
researchers named their proposal as “The Athletic Center of Iligan”
is because they aim to become the center of athletic engagements
in Iligan City. La Centro Atlético de Iligan is expected to provide a
world-class sports facility equipped with high-class sports
equipment and quality service from the personnel.
F. Project Location
The La Centro Atlético de Iligan will construct upon this

site located at Brgy. PalaoIligan City.
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Figure 1.Site Evaluation
This site is conveniently situated within the boundaries of

Iligan City, alongside the city’s busiest food capital, in front of
Commission on Elections Office and a walking distance from the
City’s General Hospital. The complex is near the city hall which
can help provoke an advantage for the profiting of the said sports
complex.
Overall, the complex site is very suitable and ideal in term

of sports associated activities and events, where athletes from
anywhere around the country be able to easily be located the said
complex, and at the same time the site is very accessible by any
means of transportation from the intermediary point and to the
sports complex.
Brief Description of the Project
The proposed business started on November 27, 2018. It

was founded by the following owners; Alonto, Hamza L., Antiquina,
Juliet S., Alang, Abedin H.,Campong, Ahmed F., Maruhom, Abdul
Bashet B., Nuska, Princess Neharah M., Uy, Delmar Joe M.,
Lacar, Carmela Mae C., and Cayandato, Al Rayan N.
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Thus, the business is composed of partners. Consequently

the type of business is a partnership. Our ideal business, as we
viably proposed, is for the benefit of the society as a whole within
the vicinity of Iligan City, and indeed an influential business to all
people as our goal, especially young people to get rid of bad vices
and frankly encouraging them to promote a healthier lifestyle and
typically features that hovers them in a suitable place for
enjoyment.
Vision, Mission and Objectives
Vision
To be the center of athletic engagements that could help

nurture the sportsmanship, enthusiasm, and athletic abilities of
the sports enthusiasts and local athletes of Iligan city.
Mission
To provide a quality service that could help develop the

athletic abilities of a person and his/ her enthusiasm to sports.
To create a world-class athletic facility that caters to the

needs of the local athletes for their training and matches.
Objectives
La Centro Atlético de Iligan shall:
 Develop the enthusiasm to sports of the people.

 Nurture the athletic abilities and sportsmanship of the local
athletes.
 Provide a world-class facilities and equipments to their
athletic needs.
 Provide very approachable and accommodating personnel.
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 Provide a healthy and friendly environment to the sports

enthusiasts and local athletes.
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CHAPTER II
MARKETING ASPECTS
This feasibility study is conducted in order to find out, if it is

viable and feasible to construct a sports complex that provides a rent a
court service for the local student athletes and sports enthusiasts
efficiently, which is located in Barangay Pala-o, Iligan City –
LanaodelNorte. The proposed multi-purpose sports complex will be
named as “La Centro Atletico de Iligan” which means “The Athletic
Center of Iligan”.
Furthermore, this chapter discusses the identification of its target,

market, the determination of the demand and supply as groundwork in
setting up the business, the analysis of its existing competitors and the
marketing strategy that has to be taken in consideration of establishing
the services, which will make the business entity different from the
other business that offers a rent a court service. In regards to this, it is
also the intention of the study to determine the composition of its
Strength, Weaknesses, Opportunities and Threats (SWOT) Analysis, and
the Projected Revenues for five years.
MARKET DESCRIPTION
The primary target of the “La Centro Atlético de Iligan” are

student-athletes and young sports enthusiasts who are enrolled in the
colleges of Iligan city, especially those who are active members of varsity
programs of their respective academic institutions. The proposed sports
complex will be constructed in Brgy. Pala-o, Iligan city in front of the
Commission on Elections office and near iligan city’s General Hospital.
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Iligan City has a number of academic institutions which offers

college courses. Those academic institutions have their varsity sports
program in which the student-athletes are offered to enroll in their
institution with scholarship. These varsity sports programs are made to
develop the athletic talents of the youth. Most of the youth in these
academic institutions are also engaging in sports to satisfy their
enthusiasts of Master’s Technological Institute of Mindanao, Lyceum
Foundation, St. Michael’s College, St. Peter’s College, Iligan Medical
Center College, and Adventist Medical Center College.
The primary target of La Centro Atletico de Iligan are young sport

enthusiasts, student-athletes and other people who just merely want to
engage in playing sports. The secondary target of the business is the
working professionals who play sports as their hobby.
DEMAND
Due to large number of sports enthusiasts that may become the

possible customers, this study will focus on sports enthusiasts and
varsity players in Iligan City as a component and groundwork of the
demand and as a target market – who are enrolled in different academic
institution in Iligan City, St. Michael’s College (SMC), Master’s
Technological Institute of Mindanao (MTIM), St. Peter’s College (SPC),
and Lyceum of Iligan Foundation (LIF) for the five consecutive years
starting School year 2014-2015 up to School year 2018 – 2019.
DEMAND DATA AND COMPUTATION
The following graphical representations on the succeeding pages

provide data that determines the demand of this study based on the
research conducted, the respondents, the distributed survey
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questionnaires and information taken from the Office of the Registrar of

the institution, such as, the total population of students enrolled in for
the given five consecutive years, total number of sports enthusiasts and
if it is interested on the business entity, the average growth of rate if
there is such given, total respondents from the identifies research locale
and most sports played by the respondents. Respondents are identified
immediately after they have shown interest in rendering the service.
Furthermore, as illustrated in the succeeding tables the

researchers have considered only the total population of the two
academic institutions – Masters Technological Institute of Mindanao and
St. Peter’s college in obtaining the total average growth, by reasons of
having a negative total average growth taken from the total population of
the institutions for the previous five years that will affect the demand,
considering that it has to be a positive average growth, and it has been
observed and experienced that it will take a long period of time to gather
data from the other academic institutions. Hence, it was indicated below
that the calculated data for the total population, the total average growth
rate and projected demand are from the two institutions.
TABLE 1: Total population of students in different schools for five

consecutive years
SCHOOL
MTIM SPC TOTAL
YEAR
2014-2015 383 6,069 6,452
2015-2016 447 6,707 7,154
2016-2017 415 6,512 6,927
2017-2018 348 6,517 6,865
2018-2019 384 6,955 7,339
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The above table shows the total population of students of the two
different academic institutions in Iligan City for the consecutive five years
as a sample data gathered with a total amount of 34,737 students,
obtained from adding the Total number of students for the five school
years of the different schools. In regards to this, the researchers did not
include the two schools on total population of the other two schools that
has been selected to be the respondents, considering that the request for
the data is still pending and provided.
GROWTH RATE
The average growth rate computation can be obtained from the

total combined population of students enrolled in the four academic
institutions in Iligan City from its difference for the present and previous
year divided by the previous and multiplied by 100 percent, as shown
below:
GROWTH RATE
Present Year – Previous Year
Previous Year x 100 %

DESCRPTION PERCENTAGE
YEAR 1
7,154 – 6,452 10.88%
6,452 X 100%
YEAR 2
6,927 – 7,154 - 3.17%
7,154 X 100%
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YEAR 3
6,865 – 6,927 - 0.90%
6,927 X 100%
YEAR 4
7,339 -6,865 6.90%
6,865 X 100%
TOTAL 13.71%
Divided by 4
AVERAGE GROWTH RATE 3.43%
As illustrated in Table 2, using the formula and the data gathered

the total growth rate population is 13.71%, with an average growth rate
of 3.43%, thus it shows a positive total growth rate for the consecutive 10
years. In regards to this, the researchers did not include the two total
population of the other two schools that has been selected to be the
respondents, considering that the request for the data is still pending
and provided.
SAMPLE SIZE
The researchers have gathered data through the primary data. The
primary data were gathered by giving away a structured questionnaire to
selected or random students in different academic institution in Iligan
City, specifically the sports enthusiasts. In line with this, the researchers
surveyed 200 students from the aforementioned academic institution
consisting 50 students or sports enthusiasts each of four (4) institutions.
The 200 respondents were randomly chosen as a representative of their
institution sports enthusiasts and varsity players to answer the
que6stions related on demand, as well as for the supply for this study.
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TABLE 2 .DO YOU WANT TO PLAY IN A SPORTS COMPLEX

WANT TO PLAY IN NUMBER OF
PERCENTAGE (%)
SPORTS COMPLEX RESPONDENTS
YES 200 100
NO 0 0
Total 200 100
As shown in the above table, 100% of the respondents answered

yes as they want to play, which shows interest in playing in a sports
complex and 0% shows that they are not interested. Hence, the 100%
that consists of 200 respondents is taken as a positive approach in the
business entity.
TABLE 4: PROJECTED DEMAND
The below table shown, illustrates the projected demand for the
succ3eding five years with a growth rate of 3.43%.
Projected
YEAR Percentage
Population Demand
2018-2019 7,590 100% 7,590

2019-2020 7,851 100% 7,851
2020-2021 8,120 100% 8,120
2021-2022 8,399 100% 8,399
2022-2023 8,687 100% 8,687
Average Total Demand 8,075
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FORMULA:
Total Average=Year 1+ Year 2+ Year 3+ Year 4+ Year 5
Number of Years
= 7,590+7,851+8,120+8,399+8,687
5
= 40,377
5
= 8,075.4
Total Average ≈ 8,075
SUPPLY DATA AND COMPUTATION
Projected supply of courts will be taken from the maximum

capacity per head as occupants or players of the courts and gymnasium
that were surveyed and the following are:
TABLE 5: LIST OF RENTAL COURTS/ GYMNASIUM THAT OFFERS COURTS

FOR ATHLETES TO PLAY OR TRAIN WITH THEIR MAXIMUM CAPACITY
NAME OF THE RENTAL COURTS MAXIMUM CAPACITY OF ATHLETES
542 BASKETBALL COURT 80 HEADS
DEL CARMEN COURT 80 HEADS
CHONG HUA COURT 20 HEADS
HARD COURT 80 HEADS
CHILDRENS PARK COURT 80 HEADS
TOTAL 340 HEADS
The five (5) courts or gymnasium surveyed and taken yielded an

average number of courts of about 68 athletes or heads as shown. The
average number of athletes is determined by adding all the
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aforementioned number of athletes of the five (5) courts or gymnasiums

surveyed, then divided by the five (5) to get average court per athlete or
heads.
Analysis of Demand and Supply
Projected Projected Excess of La Centro % of full

Demand Supply Demand over Atletico De occupancy of
Supply Iligan demand
occupancy
8,075 340 7,735 20 0.26%
As shown in the above table, the projected demand amounted to

8,075 was obtained from the total average divided by the number of
years, that will the business will operate for the succeeding years, then
the result less the projected supply of 340, will result to the excess in the
demand amounting to 7,735 that will give a percentage rate of 0.26% for
the full occupancy with a maximum capacity of 20 persons in a full play
in the area provided.
COMPETITIVE DESCRIPTION
In determining the competitors strength and weaknesses we have

analysed through the competitor’s profile
The 5 rental courts that the study surveyed are the direct
competitors. Most of the rental courts are open court and some are
covered courts. The Open courts are easy to access but have incomplete
facilities and privacy while the covered court is safer for the athletes.
They were not easily accessed by spectators. These courts have
insufficient equipment to aid them in their trainings. They do not have
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any water fountains to rehydrate the athletes. Other courts rent starts at
Php200-300 inclusive of lights and area. The court can accommodate 80
heads per day other are 20 heads per day. Thus, the aforementioned
courts is not accessible enough to cater or accommodate the athletes,
with regards to the amenities they give and it does not provide amiable
space or area for the athletes’ play.
SWOT ANALYSIS
Strength
 Exclusive playing area for players.

 Offers complete set of safety gears & mechanical devices.
 Provides a comfortable and amiable playing & training sport center
for players.
 The facility will provide the equipments that are needed to the
sports.
 The location of the business since it is located at the business
district of Iligan.
Weaknesses
 Competitors with free of charge rent-a-court services.
 Competitors with strong market position.
 In terms of accommodation, there is a limitation of capacity as to
the number of players accommodated per day.
 Average rate per hour player.
Opportunities
 Business expansion
 Engage into a more profitable business venture.
 Increasing demand for increasing number of population of varsity
players.
Threats
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 Competitors that offer affordable rate per hour per day.

 Competitors as new entrants.
 A competitor that already penetrates the market holds a bigger
market share.
Marketing Strategy
One of the considerations in formulating the marketing strategy:
Product/Services
The La Centro Atletico de Iligan provides a quality service and

convenient place for the sports enthusiast and local athletes in Iligan
City where they can go to play. It even provides opportunities and
accommodates the athletes and sports enthusiast, as well as, to fill in
the gap between the demand and supply of sports facilities or event
facilities in Iligan city.
Also, La Centro Atletico de Iligan can accommodate and cater

different events, Training for the sports enthusiasts and varsity
player, and organizational activities such as weddings, birthdays,
anniversaries, seminars, local leagues, recognition or awarding
ceremonies, reunions, meetings and so on and so forth, with the
consideration of the number it accommodates for the comfort of the
clients, players, and place since the place can be convertible and one
if the priority of the business is to attract the interest of the
customers. Furthermore, there will be a canteen inside the premises.
Price
Pricing Strategy
La Centro Atletico de Iligan proposed a competitive rate on a

per hour basis for usual course except when there is a certain event
that the whole area or portion of it will be used, in adherence, the
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said rate will be tantamount to the whole duration intended to be

rented. The rate per team per hour is P350.00 inclusive of sufficient
provision for gears and mechanical devices needed. It has its own
shower room for athletes in which its usage is included already on
the fees they pay per head. As to income from training, the rate per
hour is 100 each per session. As to income from events the rate is
5,000 for 5 hours and if they opt to extend there will be an extra
charge which is 350 per hour. And as to income from the canteen the
selling price of overall product is P84.
Deposit scheme
Based on usual practice it is for “pay as you play”. And if ever they
plan to extend the duration of time they will be charged equivalent to
the hours they intend to extend.
As for gears and other mechanical devices, they need for playing no
deposit is needed except when there is a need for extra gears and
mechanical devices they need, beyond what is inclusive into the free
of charge equipment of usual services. And reparation will be
imposed if there are any damages.
Place
La Centro Atletico de Iligan is suitable and ideal with regard to the

associated activities and events where sports enthusiasts’ and
athletes in Iligan City and even people from other places are able to
locate the place easily considering the technology that exist
nowadays.
Indeed, La Centro Atletico de Iligan is accessible enough to the

athletes and students with regards to the location it is situated and
the area is large enough to accommodate and entertain large number
of athletes.
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Promotion
La Centro Atletico de Iligan will advertise their project

through referrals. As part of the marketing strategies, the business
will use social media modes like Facebook, Instagram, and etc.
Upon the opening of La Centro Atletico de Iligan, we will advertise
through tarpaulins and flyers.
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Projected Income from Court
Table 7. Projected Income for Court

School Number of Occupancy Estimated Rental fee Number of Annual Sales in
Year teams rate no of teams in peso Months peso
2020-2021 1170 70% 819 350 12 P3,439,800
2021-2022 1170 80% 936 350 12 3, 931, 200
2022-2023 1170 90% 1053 350 12 4,422,600
2023-2024 1170 100% 1170 350 12 4,914,000

2024-2025 1170 100% 1170 350 12 4,914,000
Projected Income for Canteen
Table 8. Projected Income for Canteen

Year Maximum Average no. Probability Unit Projected income Days of Total
no. of hrs persons per cost per day operation
open team
1 15 20 70% P84.00 17,640 312 5,503,680
2 15 20 80% P84.00 20,160 312 6,289,920
3 15 20 90% P84.00 22,680 312 7,076,160
4 15 20 100% P84.00 25,200 312 7,862,400
5 15 20 100% P84.00 25,200 312 7,862,400
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Projected Income for Event
Table 9. Projected Income for Event

Year Estimated Customer(s) every month Rate No. of Months Total
1 1 5,000 12 60,000
2 1 5,000 12 60,000
3 1 5,000 12 60,000
4 1 5,000 12 60,000
5 1 5,000 12 60,000
Projected Income for Trainings
Table 10. Projected Income for Court

Year Maximum of Average no. Occupancy Estimated Rental fee Number Annual Sales
hours open persons per rate no of teams in peso of Months in peso
team
1 15 20 70% 210 P100 312 P 6,552,000
2 15 20 80% 240 100 312 7,488,000
3 15 20 90% 270 100 312 8,424,000
4 15 20 100% 300 100 312 9,360,000

5 15 20 100% 300 100 312 9,360,000
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Projected Revenues
Table 11. Projected Revenue

Year Income from Income Income from Income from Annual Sales in
courts from canteen Trainings peso
events
1 P3,439,800 60, 000 5,503,680 6,552,000 ₱15,555,480
2 3, 931, 200 60, 000 6,289,920 7,488,000 ₱17,769,120
3 4,422,600 60, 000 7,076,160 8,424,000 ₱19,982,760
4 4,914,000 60, 000 7,862,400 9,360,000 ₱22,196,400
5 4,914,000 60, 000 7,862,400 9,360,000 ₱22,196,400
TOTAL 21,621,600 300, 000 34,594,560 41,184,000 ₱97,700,160
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DATA ANALYSIS ON THE BASIC INFORMATION OF RESPONDENTS
The researchers have conducted a survey to the aforementioned

different academic institutions such as Masters Technological Institute of
Mindanao, St. Peter’s college, St. Michael’s College, and Lyceum of Iligan
Foundation. The results are shown in the survey tabulation, as shown
below, it illustrates the number of respondents in the academic
institution taken as a representative or sample population in each
institution as to their interest and opinion about the study.
Furthermore, it has been reviewed and believe to have given a good

feedback and positive results on the business entity. In line with this,
the tabulation is shown below, from its frequency to its percentage
equivalent, as a reference.
Table 12. Gender

NUMBER OF
GENDER PERCENTAGE (%)
RESPONDENTS
MALE 125 63
FEMALE 75 37
Total 200 100
Table 12.The graphical representation above illustrates the gender

designation of the respondents, its frequency as to response and
percentage. As shown, 125 out of 200 respondents are male sports
enthusiasts and varsity players, which have a percentage of 63%. On the
other hand, the remaining respondents that account around 75
respondents are female enthusiasts and players.
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Table 13. Age

NUMBER OF
AGE PERCENTAGE (%)
RESPONDENTS
YOUNG (19-UNDER) 74 37
YOUNG ADULT (21-25) 108 54
ADULTS (26 AND ABOVE) 18 9
Total 200 100
The above table shows the age range of the respondents. Hence, 74
respondents were referred to be the “Young Respondents”, as their age
range is around 19 or 20, as to the 108 respondents, their age range is
around 21 t0 25 – referred as the “ Young Adults”, and the remaining 18
respondents, are called the “Adults” aging 26 and above, with a
percentage of 37%, 54%, and 9% respectively.
Table 14. Allowances

NUMBER OF
ALOWANCE PERCENTAGE (%)
RESPONDENTS
P 500.00 – P 1,000.00 138 69
P 1,001.00 – P 1,500.00 35 18
P 1,50100 – P 2,000.00 14 7
P 2,001.00 – P 2,500.00 13 6
Total 200 100
As illustrated in the table 3, the weekly allowances of the students

or the respondents have ranges of P 500.00 – P 1,000.00, P1, 001.00 – P
1, 500.00, P 1, 501.00 – P 1, 501.00 – P 2,000.00 and P 2, 001.00 – P 2,
500.00 which has a frequency and percentage of 138 (69%), 35 ( 16%),
14 (7%), and 13 (6%) respondents respectively.
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Table 15. Academic Institutions Enrolled In

ACADEMIC NUMBER OF
PERCENTAGE (%)
INSTITUTIONS RESPONDENTS
MTIM 50 25
SPC 50 25
SMC 50 25
LYCEUM 50 25
Total 200 100
As illustrated in the graphical representation above, the

respondents are enrolled in the different academic institutions, which
are, Masters Technological Institute of Mindanao (MTIM), St. Peter’s
College (SPC), St. Michael’s College (SMC) and Lyceum of Iligan
Foundation (LIF) that has 50 respondents, with a percentage of 25% each
and a total of 100% in respondents in the institutions, as we have
conducted.
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Table 16: Student Athletes

NUMBER OF
RESPONSE PERCENTAGE (%)
RESPONDENTS
YES 56 28
NO 144 72
Total 200 100
As shown above in the table and with regards to the respoents, 56

respondents are Sports – Athlete enrolled in their academic institutions.
On the other hand, the 144 respondents are Not Sports – Athletes in the
institutions mentioned that they are enrolled in. Hence, it shows a total
percentage of 28% to YES and 72% answer NO, which are not are a
sports athlete in their institution.
Table 17.Sports Enthusiasts

NUMBER OF
RESPONDENTS
YES 200 100
NO 0 0
Total 200 100
As illustrated above, the respondents are all sports enthusiasts -

who are considered to have interest in varsity sports mentioned below in
the succeeding graphical representation. Hence, it has a 100%
percentage.
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Table 18: Varsity Sports Tabulation

RESPONSE FREQUENCY PERCENTAGE (%)
BASKETBALL 95 34
VOLLEYBALL 57 21
FOOTBALL/FUTSAL 6 2
BADMINTON 96 35
TABLE TENNIS 3 1
OTHERS:
LAWN TENNIS 12 4
BOWLING 1 .05
SOFTBALL 1 .05
FRISBEE 6 2
Total 200 100
As illustrated in the table above, it has shows different varsity

sports being played by the respondents and its equivalent percentage,
with regards to their answer in the survey conducted. It has also
indicated the other sports being played such Lawn Tennis, Bowling,
Softball and Frisbee. In addition to this, the total frequency is 277, which
has an excess of 77, in the total respondents - by the reason that some of
the respondents picks more one on the choices.
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Table 19: Places

RESPONSE FREQUENCY PERCENTAGE(%)
BRGY. COURTS 84 42
RENTAL COURTS 72 36
SCHOOL GYM 26 13
OTHERS:
HOME/ COMPOUND GROUNDS 16 8
FIELD 2 .99
BEACH 1 .01
Total 200 100
The table above shows, the result on the where the respondents
play or train as part of the question being mention in the survey
questionnaire. It indicates the places they play and their frequency which
are Barangay Courts with a frequency of 84 responses, Rental Courts
with a frequency of 72 respondents, School Gym - 26, and others, as
specified by the respondents which are Home or compound grounds – 16
respondents, field - 2 , and beach -1 respondents. Hence, the total
frequency is 201 which has an excess due to the reason that some of the
respondents pick more than one on the choices given.
Table 20. Have You Played In A Sports Complex

PERCENTAGE
RESPONSE FREQUENCY
(%)
YES 121 61
NO 79 39
Total 200 100
29
The above table shown illustrates the number of respondents or

the frequency of the respondents, with regards to their answers, whether
YES, as they played in a sports complex and NO, as they have not
experienced to play in a sports complex at all. Hence, it gives the
percentage result of 61% and 39% respectively.
Table 21. Do You Want To Play In A Sports Complex

PERCENTAGE (%)
YES 200 100
NO 0 0
Total 200 100

Yes as they want to play, which shows interest in playing in a sports
complex and 0% shows that they are not interested. Hence, the 86% that
consists of 200 respondents is taken as a positive approach in the
business entity.
Table 22. Want To Have Shower Room

WANT A SHOWER
FREQUENCY PERCENTAGE
ROOM
YES 178 84
NO 7 3
BLANK 28 13
Total 200 100
30
As illustrated in the above table, around 178 resulting a

percentage of 84%, of the respondents’ answers YES, as they want to
have a shower room in the sports complex, as also a part of the
amenities and facility being provide. On the other hand 7 answers No, as
they do not want to have a shower room and the remaining 28
respondents did not proceeded to the succeeding questions in the
questionnaire and leaves it blank, which is amounting to 13% of the
frequency.
Table 23. Want To Have Canteen

REPLICATION FREQUENCY PERCENTAGE (%)
YES 178 86
NO 0 0
BLANK 28 14
Total 200 100
Table 23 in the previous page, illustrates the frequency of the

respondents in answering whether they want to have a canteen, which
gives a result of 128 – YES, 0 – NO and 28 had left it blank.
Table 24. Who Wants To Have Drinking Water Fountain In The Sports
Complex?
YES 178 86
NO 0 0
BLANK 28 14
Total 200 100
31
Table 24, illustrates the responses of the having a drinking

fountain in the business, as the survey is being conducted. It shows that
178 of the respondents wants to have a drinking fountain resulting to
86% and the remaining 14% were left blank, where some did not
proceeded in the succeeding questions.
Table 25. Are You Willing To Pay 350?

YES 103 52
NO 69 34
BLANK 28 14
Total 200 100
The above table illustrates the respondents’ answers about their

willingness to pay P 350.00 in the service rendered and playing in the
sports complex. 52% of the respondents answer YES, 34% answers NO,
and 28 left it blank. In line with this it has given a positive response as to
conducting the business.
Table 26. Preferred Time To Play

PREFERRED TIME TO PLAY FREQUENCY PERCENTAGE (%)
MORNING (4:00 AM - 12:00 NN) 155 32
AFTERNOON (1:00PM - 5:00PM) 162 34
EVENING (6:00PM – 10:30PM) 122 26
BLANK 38 8
Total 200 100
The above table shown illustrates the preferred time schedule of

the respondents, with regards to their play, in such time schedule are:
32
morning, afternoon and evening. Furthermore, the some of the

respondents left it blank as they did not proceed on the succeeding
questions.
Table 27. How To Find Out About Rental Courts

SOCIAL MEDIA 39 18
FAMILY/FRIENDS/RELATIVES 165 77
ADVERTISEMENTS 9 4
OTHERS 2 1
Total 200 100
The graphical representation provided above, shows the tabulation

with regards to the responses gathered, as the survey being conducted.
As a result, it shows that 77% of the sports enthusiasts found out the
information from their family, friends, and relatives. Other than that,
some of them found them from the advertisements and others.
CONCLUSION
Consequently, based on the estimated revenue the business will

generate ₱97, 700,160.00 for the next five years. The researchers opted
to choose the safest estimate that the business can accommodate which
is 12 teams with 10 members or more per team for, thus, the business
operates 26 days in a month. Perhaps, that’s serves as a contributory
influence to a gentle progress in the increase in the revenue. As per
customs and usual observation, the researchers can’t state that the
occupancy rate will turn out to become 100% out rightly, hence, this is
only a start-up and the business serves as the new entrants slowly
penetrating a market share within the city among other competitors.
33
CHAPTER III
TECHNICAL ASPECT
Service Description
La Centro Atletico de Iligan is established to offer a very conducive

place for varsity players and sports enthusiasts from Master’s
Technological Institute of Mindanao, Lyceum Foundation, St. Michael’s
College, St. Peter’s College, Iligan Capitol College, and Iligan Medical
Center College and sports enthusiasts within the vicinity of iligan city
where they can play. The La Centro Atletico de Iligan is a rent-a-court
service.
La Centro Atletico de Iligan will be located at Pala-o Iligan City, in

front of Commission on Elections Office and a walking distance from the
City’s General Hospital. It has one basketball court which could be
converted to a volleyball court and two lawn tennis courts which could be
converted into two badminton courts with a minimum capacity of 45
teams per day.
The primary target of La Centro Atletico de Iligan are young sport

enthusiasts, student-athletes and other people who just merely want to
engage in playing sports. The secondary target of the business is the
working professionals who play sports as their hobby.
Service
La Centro Atletico de Iligan will provide amiable and comfortable

place for varsity players and sports enthusiasts. It will also cater a ready
to use venue for the events. La Centro Atletico de Iligan will also provide
the following services:
 Rent a Court Service

34
Rent a Court Service is located at the first floor. La Centro

Atletico de Iligan will help provide a convenient place for sports
enthusiasts and athletes with the provision of complete set of gears
and equipment’s with a shower room, canteen and water fountain.
 Canteen
The canteen is located at the first floor. It is where the sports
enthusiasts, athletes and other people who passes by the place to
buy food and drinks adhering to their basic needs.
 Parking lot
The parking lot is located in the first floor wherein the
customers can park their vehicle.
 Shower Room
The shower room is located in the first floor wherein it
provides the customers a facility to tidy and clean themselves up
after their game.
 Event Stage
The event stage is located at the first floor wherein it serves
as a central view and aid in stuffs happening during a certain
event, if any.
 Comfort Room
The comfort room is located at the first floor wherein the
customer can relieve himself.
 Reception Area
The reception area is located at the first floor wherein it
serves as an administration of the whole premises and where the
customers will most likely approach to ask some queries regarding
the place and their need.
35
 Stock Room
The stock room is located first floor wherein it serves as a
warehouse for all equipments, gears, and materials that is needed
for providing adequate services for the business.
Furniture’s and Fixturesand Building

The La Centro Atletico de Iligan will take up 1, 700 sq. meters of
lot. The building will be a one storey building and it will have a canteen,
shower room, comfort room, and stock room inside the building. La
Centro Atletico de Iligan will provide convenient and high quality
materials and equipments used in the sports.
Labor Requirements
La Centro Atletico de Iliganguarantees that every workers and the
management itself will be treated well and fairly despite of the positions
they have. Furthermore, La Centro Atletico de Iligan will provide them
with benefits and a safe workplace, and hopefully contribute to Iligan
City’s unemployment insurance.
Utilities
La Centro Atlletico de Iligan will assure that the utilities will be
offered to the players. Electricity will be provided by the Iligan Light and
Power, Inc. and the water supply of the building will be provided by the
Iligan Waterworks System. The telephone and wi-fi service will be
provided by the PLDT Mara Telecommunications Inc.
36
Projected Cost
Building
Table 1. Building
Description Amount
Building ₱6,000,000
Total ₱6,000,000
Land
Table 2. Land
Description Quantity Amount
Land 1,700 sq. meters ₱6,817,000
Total ₱6,817,000
Furniture’s and Fixtures
Shower Room
Table 3. Shower Room

Description Cost Quantity Total
Shower 450 6 2,700
Faucet 120 6 720
Drainage 492 6 2,952
SHOWER Soap Holder 295 6 1,770
ROOM Light Bulb 100 4 400
Towel Holder 525 6 3,150
TOTAL ₱11,692
37
Reception Area
Table 4. Reception Area

Counter Table 3,500 1 3,500
Sofa Set 8,500 1 8,500
RECEPTION Stand Fan 1,850 2 3,700
AREA Computer 16,350 1 16,350
Mini Cabinet 2,800 1 2,800
Television 12,100 1 12,100
TOTAL ₱46,950
Comfort Room
Table 5. Comfort Room

Toilet and
2,135 6 12,810
Bidet
COMFORT Men’s Urinal
2,399 4 9,596
ROOM Toilet
Exhaust Fan 1,899 2 3,798
Light Bulbs 360 4 1,440
Faucet 120 1 720
Drainage 482 10 4,920
TOTAL ₱33,284
38
Stock Room
Table 6. Stock Room

Ball –
1,085 2 2,170
Basketball
STOCK Ball –
395 2 790
ROO3 Volleyball
Shuttlecock
426 2 852
(12pcs)
Tennis Ball 300 2 600
Exhaust Fan 1,899 1 1,899
Light Bulbs 360 2 720
TOTAL ₱7,031
Canteen
Table 7. Canteen
Table set with
3,200 4 2,170
chairs
CANTEEN Ceiling Fan 1,690 3 790
Refrigerator 13,955 1 852
Coffee
4,500 1 600
Vending
Light Bulbs 360 4 1,899
TOTAL ₱37,765
39
Courts
Table 8. Courts
Basketball Hoop 33,760 2 67,520
Volleyball Net 750 2 1,500
COURTS Long Tennis Net 1,900 2 3,800
Badminton Net 189 2 378
Flood Light (250W) 7,028 8 S56,224
TOTAL ₱129,442
Other
Table 9. Others
Fire
1,100 5 5,500
Extinguisher
CCTV
10,240 1 Package 10,426
SHOWER Cameras
ROOM Drinking
Fountain with 52,350 2 104,700
Installation
Washing
Machine with 5,798 1 5,798
Dryer
Garbage Bin 5,350 3 16,050
Locker steel
9,499 2 16,050
Cabinet
Tank 2,000 4 8,000
TOTAL ₱161,472
40
Pre-operating cost
Table 10. Pre-operating Activities

Description Amount
Registration in Securities and Exchange ₱67,115.33
Commission
Registration in Barangay 75.00
Business Permit From Mayor’s Office 1,500.00
Registration in Bureau of Internal Revenue 5,500.00
Fire and Safety Inspection Certificate 5,500.00
TOTAL ₱93,115.33
TOTAL PROJECTED COST
Table 11.Total projected cost

Description Amount
Land ₱ 6, 817, 000.00
Building 6, 000, 000.00
Facilities and equipment 427,616
Pre-Operating Costs 93,155.33
Advertising 20,000
TOTAL PROJECTED COST ₱ 13, 357,771.33
41
CHAPTER IV
ORAGANIZATIONAL AND MANAGEMENT ASPECT
Pre-Operating Activities
For a business to come into reality and to legally operate, it must
be first registered with authorized agencies and obtains all relevant
licenses. The business type of the business is Partnership.
A.1. Government agencies for registration
a. Securities and Exchange Commission (SEC)
b. Bureau of Internal Revenue
c. Barangay of where the business is located
d. Mayor’s Office
e. Fire and Safety Inspection Certificate
A.2. Basic requirements and procedures in registering a Partnership
Business.
1. Bureau of Food and Drug
Payment of:
Fees for licensing of Establishment regulated by BFAD ₱1,000
Fees for Registration of Products Regulated by BFAD
2. SEC (Securities and Exchange Commission)
a. Must Submit:
 Name Verification slip
 Articles of Partnership
 Registration Data Sheet
b. Payment of:
 P100.00 /reservation for 30 days;
 “1/5 of 1% of partnership’s capital but not less than
2,000,000 plus 1% of the amount as legal research fee”
42
3. BIR (Bureau of Internal Revenue)

a. Register the business establishment at the BIR Revenue District
Office (RDO) in the place where the business is located. Once
we obtained the Certificate of Registration, we must display it in
a conspicuous place within the business establishment.
b. Register the books of accounts still at the RDO.
c. Request for permit to print and issue receipts and invoices then
we’ll post a notice in the business premises stating that the
establishment issues receipts.
4. Local Barangay
As a requirement when registering for a Mayor’s Permit, we must do the

following:
a. Go to the barangay where the business is located to secure and fill-

up application form.
b. Submit your completed application form together with the
following
 SEC Certificate of Registration
 Two (2) valid ID’s
 Proof of address
5. City Hall
A Business Permit is sometimes also referred to as a Mayor’s

Permit, because it is processed at the City Hall – the office of the mayor.
After registering to the SEC and Securing a Business Barangay

Clearance we can now do the following.
a. Go to the municipal office where your business is located to

secure and fill-up application form.
43
b. Submit your completed form together with the following:

 SEC Certificate of Registration
 Two (2) valid ID’s
 Barangay Clearance Certificate
 Proof of address
6. Business Permits, Licenses, and Certificates
Table 1. Business Permits, Licenses, and Certificates

Description Amount
Registration in Securities and Exchange ₱67,115.33

Commission
Business Permit From Mayor’s Office 1,500.00
Registration in Bureau of Internal 5,500.00

Revenue
Fire and Safety Inspection Certificate 5,500.00
TOTAL ₱93,115.33
44
Management during the Operating Period
B. Gantt chart
45
SUPPORTING DETAILS:
1. Perform Feasibility Studies January 17, 2018- April 25, 2018
Throughout this period the researchers are conducting a study

regarding the presented project and at the same time they perform a
survey whether the firm is totally feasible or not. In order to test the
feasibility, the researchers compiled useful ideas from the respondents
through questionnaires, interviews, social media, legit website, books,
journals and other source of information about the study.
2. Putting up Equity May 1, 2018 - September 1, 2018
During this period the partners are putting up their financial

investments regarding to the presented project cost. The Investors are
agreed that they will contribute money equally among themselves with
the amount of Php.1, 350,000.00 at the end of the August.
3. Registration September 2,2018 – October 5, 2018
In order the firm to have an existence and to operate legally it

should be registered by the perspective agencies and obtains all relevant
licenses. For this duration all legal process and requirements are totally
accomplished by the proponents from acquiring the licenses from (SEC)
Securities and Exchange Commission, (LGU) Local Government Units
such as Barangay (located at Barangay Pala-o), Mayors Permit, Business
Permit, (BIR) Bureau of Internal Revenue and (BFP) Bureau of Fire
Protection for the fire and safety.
4. Obtaining the Land and Construction of the Building

October 6, 2018- May 2, 2019
The proponents are going to acquire the land at Barangay Palao,

Iligan City. It has a totally area of 6,744 square meter (lot area code
46
number 37) from classified documents by the City assessor’s Office. The
land has a fair value of 4,010.00 pesos per square meter. The proponents
are going to purchase the land of 1,700 square meters from the
presented project, have the total value of 12,150,000.00 and the
construction cost of a building is 6,000,000.00.
5. Obtaining the Equipment’s & Furniture’s

May 3, 2019- May 30, 2019
For this time, the planner will begin to canvass and obtain
equipment’s & furniture’s needed for the firm.
6. Hiring and Training of Employees

June 1, 2019- June 30, 2019
Selection of the qualified applicants will be done in this period.

After being qualified, orientations will be given to employees to have
knowledge regarding the business. Preparations in their assigned tasks
such as handling cash and the right approach to customers will be
taught to employees in order to build up their confidence and increase
productivity that will help them sustain motivation in their current state,
as well as in the future. Safety procedures will be extensively employed to
assist the employees with working safely.
7. Advertising Campaign July 1, 2019- July 31, 2019
After all the business comes nearly open, this is the right time to
introduce the unique kind of business here in Iligan that there is a small
sport complex that suitable for the athletes and sport enthusiast. The
best part to publically known the firm is to advertising on radio, public
poster, flyers, social media through Facebook, Instagram with the help
promotional videos, blog sites and also with the help of verbally
campaign to relative’s friends, friend of friends, and employee’s friends.
47
The goal of promoter is too well-known the Mini Sports Complex into the
public.
8. Grand Opening August 01, 2019
The Grand Opening is the first big marketing push. This is the
memorable celebrations to these events, the Manager invite some
Honourable Mayors or other political person that will help also to
acknowledge the business firm in the city but the mainly important part
of this event is that this day is declaration of openings.
9. Start of Normal Operation August 02, 2019 Onwards
The Business will start to operate. The promotion is continual and

still needed to have a nice output in the future and must meet the
demands of the customer, maintain customer satisfaction and care
needed for the athletes. This time the General Manager will supervise
onwards.
C. Type of Business Organization
The project will be in a form of General Partnership, which means

that all partners are personally liable of whatever the debt it has. Each
partner will share equal capital contribution and will share Profits and
Losses resulting from operations equally as well.
The partnership agreed to contribute P1, 350,000.00 each in the

form of cash. Thus, the total amount of the contributed capital from each
partners are P12, 150,000.00. The P1, 500,000.00 will be loan from
Security bank.
The following persons are the founder of the business and each
respective capital contributions are shown below:
48
Table 4.3 List of Partners and their Contribution

Names As to As to Position Capital
liability contribut in the contribution
ion Busines
s
1. ALANG, General Capitalist - P1,350,000.00
ABEDIN H.
2. ALONTO, General Capitalist General 1,350,000.00
HAMZA L. Industrial Manager
3. CAMPONG, General Capitalist - 1,350,000.00
AHMED F.
4.CAYANDATO, General Capitalist - 1,350,000.00
AL-RAYAN N.
5. MARUHOM, General Capitalist - 1,350,000.00
ABDUL
BASHET B.
6. UY, General Capitalist - 1,350,000.00
DELMAR JOE
M.
7. ANTIQUINA, General Capitalist - 1,350,000.00
JULIET S.
8. LACAR, MA. General Capitalist - 1,350,000.00
CARLA MAE C.
9. NUSKA, General Capitalist - 1,350,000.00
PRINCESS
NEHARAH M.
Loan from Bank ₱1,500,000.00
TOTAL ₱13,650,000.00
49
Organizational Chart
50
Job Specification, Job Qualification, Salaries and Bonuses

Mindanao Partners
Job Specification
 Budget and expense management.

 Implements business and management policies.
 Develops marketing strategies.
 Supervised the General Manager’s
Job Qualification
 Has the capacity to contribute.

 Must have knowledge in business.
 Partners will receive a share in net income equally after salaries
and bonuses given to industrial partner.
General Manager
Job Specification
 Obliged to conduct over-all evaluation of the business

performance.
 He/she is tasked to develop marketing strategies for the survival
of the business.
Job Qualification
 Good with numbers and figures.

 Excellent communication and interpersonal skills.
 Well-organized and reliable.
 Excellent leadership and decision-making abilities.
 Graduated in finance, accounting or relevant field.
51
 The General Manager will be given a bonus of 3% on average

partner’s capital. He is entitled to sick leave and also given a
vacation leave for 4 days.
Financial Manager
Job Specification
 Oversees all company accounting practices, including accounting

departments, preparing budgets, financial reports, and tax and
audit functions.
 Directs financial strategy, planning and forecasts; conferring with
president, VP of sales and department heads.
 Supervises investment and rising of funds for business.
 Studies, analyses and reports on trends, opportunities for
expansion and projection of future company growth
Job Qualification
 Master’s degree in Accounting, Finance or related Business.

 Up to date knowledge of current financial and accounting
computer applications.
 Excellent verbal, analytical, organizational and written skills.
 The Financial Manager will be receiving a monthly salary of ₱11,
700 and a total of ₱140, 400. He is entitled to sick leave and also
given a vacation leave for 4 days. He will also receive health
benefits and a 13th month pay worth of ₱11, 700.
52
Cashier
Job Specification
 In charge for the proper custody of money, including the

disposition of funds in accordance with the set guidelines.
 A paymaster, ensuring all other incurrence related to the operation
must be supported with complete documents securing all other
matters regarding to the funds, must be properly bonded
Job Qualification
 Must be capacitated.
 Must be a High school Graduate at least.
 Must be 18 years old and above.
 Must have be properly bonded.
 Experienced as a custodian of funds.
 The Cashier will be receiving a monthly salary of ₱9, 490 and a
total of ₱113, 880. He is entitled to sick leave and also given a
vacation leave for 4 days. He will also receive health benefits and a
13th month pay worth of ₱9,490.
Bookkeeper
Job Specification
 Performs bookkeeping duties for the business such as recording

financial transactions, posting in the ledgers, producing and
organizing source documents, payroll accounting, and preparing
financial statements.
53
Job Qualification

 Must have a certificate in NC II – Bookkeeping.
 Must have undergone a bookkeeping seminar or workshop.
 The Bookkeeper will be receiving a monthly salary of₱500 and a
total of ₱30 000 annually.
External Auditor
Job Specification
 Reviews financial records of the entity.

 Examining finances and business activities.
 Writing reports regarding the audited financial statements.
Job Qualification
 Must obtain a bachelor’s degree, usually in a field such as

accounting, business, or finance.
 Must be a certified public accountant (CPA).
 The Auditor will be receiving an annual salary of ₱50, 000.
Marketing Manager
Job Specification
 Create strategies that help companies meet their sales objectives.

 They conduct research, evaluate product demand, establish pricing
strategies, identify a target audience, and determine the best way
to reach that audience.
54
 They may also participate develop advertising campaigns, and

choose media outlets, such as television, radio, Internet,
billboards, or newspapers to promote their company's products.
 Build brand awareness through e-mail campaigns, newsletters,
contests, celebrity endorsements, and product placement in
television shows and movies.
Job Qualification
 Must obtain a bachelor's degree in marketing or business

administration.
 Has an extensive experience in marketing, advertising, brand
management, or sales.
 The Marketing Manager will be receiving a monthly salary of ₱11,
Operating Manager
Job Specification
 Measures effectiveness and efficiency of operational processes both

internally and externally and finds ways to improve processes.
 Develops and implements growth strategies.
 Provides mentoring to all employees, including management.
 Motivates staff to meet or surpass organizational and sales goals.
 Coordinates with human resources department to recruit skilled
talent and keep the best employees.
 Oversees daily operations and makes adjustments as necessary.
55
Job Qualification
 Understanding of business functions such as CPO, CFO, CMO etc.

 Excellent interpersonal and public speaking skills.
 Working knowledge of data analysis and performance/operation.
 The Operating Manager will be receiving a monthly salary of ₱11,
Officer in Charge
Job Specification
 Performs clerical duties such as managing and safekeeping the

documents.
 He/she manages the day-to-day operations and the personnel of
the business.
 He/she is also the one implanting the marketing strategy
developed by the General Manager.
Job Qualification
 Must have a degree in Business Management/Marketing

 Must be familiar with the operations of the business
 Must have an experience of being an assistant manager or a
similar position.
 The Officer-In-Charge will be receiving a monthly salary of ₱9, 490
and a total of ₱113, 880. He is entitled to sick leave and also given
a vacation leave for 4 days. He will also receive health benefits and
a 13th month pay worth of ₱9,490.
56
Sports Director
Job Specification
 He/She is tasked to hold and create sports events for the business.
 He/She will also assist the sports event of a clients.
 He/She will develop sports program of the business.
Job Qualification
 Must have connections with the local leagues or tournaments

 Must have a coaching experience in any sport
 Must have a degree in Physical Education/Sports Science
 Must have an experience managing local leagues or tournaments
 Must have undergone a coaching seminar or training.
 The Sports Director will be receiving a monthly salary of ₱9, 490
and a total of ₱113, 880. He is entitled to sick leave and also given
a vacation leave for 4 days. He will also receive health benefits and
a 13th month pay worth of ₱9,490.
Assistant Sports Director
Job Specification
 Performs assistant work for the sports director such as doing the
paper works of the sports event or program held by the business
and following up for their sports events.
Job Qualification
 Must have an experience of being an assistant to any sports.

 Must have a playing experience in any sports.
 Must have reached college level.
57
 The Assistant Sports Director will be receiving a monthly salary of ₱9,

given a vacation leave for 4 days. He will also receive health benefits
and a 13th month pay worth of ₱9,100.
Human Resource Management
Job Specification
 Ensure that accurate job descriptions are in place.

 Provide advice and assistance in developing human resource plans.
 Provide staff orientations.
 Provide advice and assistance when conducting staff performance
evaluations.
 Identify training and development opportunities.
Job Qualification
 Organized and efficient in daily tasks.

 Excellent verbal and written communication skills.
 Able to multitask, prioritize, and manage time efficiently.
 Goal-oriented, organized team player.
 Encouraging to team and staff; able to mentor and lead.
 Bachelor’s degree in human resources, business, or a related field.
 The Human Resource Manager will be receiving a monthly salary of
₱11, 700 and a total of ₱140, 400. He is entitled to sick leave and also
given a vacation leave for 4 days. He will also receive health benefits
and a 13th month pay worth of ₱11, 700.
58
Utilities
Job Specification
 Includes the Front Desk and Canteen Utility.

 Front Desk performs secretarial and administrative duties such as
answering the phone, speaking with the clients, and assisting the
clients.
 Canteen Utility performs vendor duties such as selling of the
goods, keeping track of every transactions of the canteen, and daily
inventory check of the goods.
Job Qualification

 Must be a good communicator.
 Must be competent for the job.
 Must have a good moral character.
 The Utilities will be receiving a monthly salary of ₱9, 490 and a
total of ₱113, 880. He is entitled to sick leave and also given a
Maintenance
Job Specification
 Keeps the facilities clean and in an orderly condition.

 Performs cleaning duties such as cleaning the facilities and
equipment’s and throwing the garbage when the garbage collector
arrives.
 Notifies the management for the need of repair/replacement of the
facilities and equipment’s.
59
Job Qualification
 Must be a High school Graduate at least

 Must be 18 years old and above
 Must be competent for the job
 Must be willing to work early morning or late night shifts
 Must have a good moral character
 The Maintenance will be receiving a monthly salary of ₱9, 490 and
a total of ₱113, 880. He is entitled to sick leave and also given a
Guard
Job Specification
 Inspect and patrol Premises.

 Monitor property entrance.
 Authorize entrance of people and vehicle.
 Report any suspicious behavior and happenings.
 Secure all exits, doors and windows.
 Monitor surveillance cameras.
Job Qualification
 Must at least high school graduate

 Must be 22 years old above
 Must be in good health
 Must be competent for the job.
 Must have a good moral character.
 Each security guard will be receiving a monthly salary of ₱14,
838.455 and a total of ₱356, 122.92 annually.
60
CHAPTER V
FINANCIAL ASPECT
TOTAL PROJECT COST
Property, Plant and Equipment
Land ₱ 6, 817, 000
Building 6, 000, 000
Furniture’s and Fixtures 427,616.00 13,244,616
Pre-operating Cost
Advertising 20,000.00
Duties and Permits 93,115.33 113, 115.33
TOTAL PROJECTED COST ₱13, 357, 771.33
Fund Sourcing
The proposed project shall be financed through borrowings and

capital investments from the owners. For funds internally generated,
each partner is required to contribute P1, 350,000.00. The initial
investment is composed of the contributions of the capitalist partners
and the capitalist-industrial partner which is totalled to the amount of
P12, 150,000.00. For external funds, the partnership will avail a loan at
Security Bank worth of P1, 500,000.00 with an interest 7% with a term
of three years using effective interest method.
61
Basic Assumption
1. The land will be bought with a total area of 1, 700 sq. meters for PhP6,
817, 000.00.
2. The building are constructed with shower rooms, comfort rooms, stock
room, and canteen inside the building. The estimated useful life of the
building is 20 years.
3. La Centro Atletico de Iligan will be mainly compose of subdivided two

courts, wherein two court composes of two measurement just as
basketball and volleyball, and the other will be composed of long tennis
and badminton measurements. Thus, it offers 4 sports that is
transitionally played by the customers and mechanics will be “Pay as you
Play” first come, first serve and per booking/rescheduling. Also, La
Centro Atletico de Iligan can accommodate training for the sports
enthusiasts and cater different events such as weddings, birthdays,
anniversaries, seminars, local leagues, recognition or awarding
ceremonies, reunions, meetings.And there will be a canteen inside the
building.
4. Each team will pay P350.00 per hour basis. Obviously, out of the rate
per hour basis that’s where the business primary generates its income
from courts. As to the events, the rate will be 5,000 for 5 hours and if
they opt to extend there will an extra charge which is 350 per hr., as to
training each person will pay 100 per hour.
5. All other income will come from the established canteen, training and
rent-a-court shifts to a multipurpose hall in which we will cater also
events, if there are any. And mechanics for the multipurpose hall for the
deposit scheme will be fixed and P5, 000 for 5 hrs. And if they will opt to
extend the time, they will pay for another regular rate per hour basis of
P350.00.
62
6. As to inventories for the canteen, pricing strategy will be cost plus

mark up of 20%.
7. The Financial Manager, Operating Manager, Marketing Manager, and

Human Resource Manager are paid with a monthly salary of P11, 700.00
and an annual salary of P140, 400.00. The Cashier, Officer-in-Charge,
Sports Director, Utility Personnel, and Maintenance Personnel are paid
with a monthly salary of P9, 490.00 and an annual salary of P113,
880.00. The Assistant Sports Director is paid with a monthly salary of
P9, 100.00 and an annual salary of P109, 200.00. These employees
mentioned are entitled to a 13th month pay. Capitalist partner and
industrialist partner will receive salaries based on share in net income
annually accordingly after bonus given to industrialist partner.
Industrialist partner will be given 3% bonus on average partner’s capital
annually.
8. The Bookkeeper will be hired but will be paid with a monthly salary of
P2, 500 and an annual salary of P30, 000.00 since he/she will be asked
to report during the end of the month.
9. The External Auditor and the two Security Guards will be outsourced
from an auditing firm and a security agency respectively. The External
Auditor will be paid P50,000.00 annually and the two Security Guards
will have a monthly salary of P14,383.46 and an annual salary of
P178,061.46 each.
10. All fixed asset will have an estimated useful life of 5 years.
11. Utilities expenses such as electricity, water, telephone and internet

are to be paid based on the annual cost estimated to be disbursed by the
business. It may vary annually due to usage.
12. The insurance on the Company is P25, 450.

63
13. Snacks, beverages, and bottled drinking waters are bought at SBG
located at Quezon Avenue, Iligan City.
14. The following are snacks offered and list price respectively:
Water P24.00
Gatorade P42.00 (250ml)
Biscuits P6.00
Prepaid Load P12.00
15. The partnership shall distribute the income/loss from the operation
equally after bonus has been given to the industrialist partner. There is
no additional investment from the partners. All partners are only allowed
to withdraw a maximum P70, 000.00.
16. The probability of projected revenues is based on the estimates that

even there is shortage as to the capacity of the court services, we assume
that a fact is present that if you are a start-up business you wouldn’t
perform as it reflects 100%: estimated probability are as follows, 70% on
1st year, 80% on 2nd year, 90% on 3rd year, 100% on 4th year, and 100%
on 5th year.
17. The business obtained a loan from Security Bank amounted to P1,
500, 000 with an interest of 7% for 3 years and the business opt to
choose use the effective interest method in computing the loan
amortization.
18. For safety regulations, the business hires an agency to provide for
security services of the area to be monitored by the deployed security
guards from the Double Tap Security agency Inc.
64
FINANCIAL PROJECTION FOR FIVE YEAR
D.1 COMPARATIVE STATEMENTS OF FINANCIAL POSITION

THE LA CENTRO ATLETICO DE ILIGAN
COMPARATIVE STATEMENTS OF FINANCIAL POSITION
AS OF ENDED YEAR 1 TO YEAR 5
ASSET Notes Year 1 Year 2 Year 3 Year 4 Year 5
Cash 2,592,840.94 6,844,566.57 11,771,819.41 17,950,711.36 23,794,716.32
Inventory 12 1,965,600 1,310,400 655,200 0 0
Total Current 4,558,440.94 8,154,966.57 12,427,019.41 17,950,711.36 23,794,716.32
Noncurrent Asset
Land 6,817,000 6,817,000 6,817,000 6,817,000 6,817,000
Building, net 4 5,700,000 5,400,000 5,100,000 4,800,000 4,500,000
Furnitures and Fixture, net 5 342,092.80 256,569.60 171,046.40 85,523.20 0
Total noncurrent assets 12,859,092.8 12,473,569.6 12,088,046.4 11,702,523.2 11,317,000.0
TOTAL ASSETS 17,417,533.74 20,628,536.17 24,515,065.81 29,653,234.56 35,111,716.32
LIABILITY AND EQUITY
LIABILITY
Current Liabilities
Loans Payable-current portion 6 499,237.92 534,185 0 0 0
Total current liability 499,237.92 534,185 0 0 0
Noncurrent liability
Loans Payable-noncurrent 6 534,185 0 0 0
Total Noncurrent Liability 534,184.58
Total Liability and Equity 1,033,422.92 534,185 0 0 0
Partner’s Equity
Partners’ Capital 7 16,384,111 20,094,352 24,515,066 29,653,235 35,111,716
Total Liability and Equity 17,417,534 20,628,537 24,515,066 29,653,235 35,111,716
Table 2. Statement of Financial Position
65
COMPARATIVE COMPREHENSIVE INCOME STATEMENT

COMPARATIVESTATEMENTS OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED YEAR 1 TO YEAR 5
Accounts Notes Year 1 Year 2 Year 3 Year 4 Year 5

Income from courts 3,439,800 3,931,200 4,422,600 4,914,000 4,914,000
Other Income from events 60,000 60,000 60,000 60,000 60,000
Income from Training 6,552,000 7,488,000 8,424,000 9,360,000 9,360,000
Other Income from canteen 3,276,000 655,200 655,200 655,200 1,310,400
Gross Income 13,327,800 12,134,400 13,561,800 14,989,200 15,644,400
Less: Operating Expenses
Salaries 10 2,131,842.92 2,131,842.92 2,131,842.92 2,131,842.92 2,131,842.92
Security Agency Expense 356,122.92 356122.92 356122.92 356122.92 356122.92
Interest 6 105,000 72,339.58 37,392.92 0 0
Insurance 25,450.00 25,450.00 25,450.00 25,450.00 25,450.00
Utilities 8 263,988.00 265,488.00 267,888.00 268,488.00 269,988.00
Depreciation-bldg 9 300,000 300,000 300,000 300,000 300,000
Depreciation-Fixed Asset 9 85,523.20 85,523.20 85,523.20 85,523.20 85,523.20
Miscellaneous 11 40,000 40,000 50,000 50,000 50,000
Pre-Operating 93,115.33
Total Operating Expense 3,401,042 3,276,767 3,254,220 3,217,427 3,218,927
Net Income 9,926,758 8,857,633 10,307,580 11,771,773 12,425,473
Bonus 2,978,027.29 2,657,290.01 3,092,274.01 3,531,531.89 3,727,641.89
Net Income before Tax 6,948,730 6,200,343 7,215,306 8,240,241 8,697,831
Tax 30% 2,084,619.10 1,860,103.01 2,164,591.81 2,472,072.32 2,609,349.32
Net Income After Tax 4,864,111 4,340,240 5,050,714 5,768,169 6,088,482
Table 3. Statement of Comprehesive Income
66
COMPARATIVE STATEMENTS OF CHANGES IN EQUITY

COMPARATIVE STATEMENTS OF CHANGES IN EQUITY
Partner's Capital, Beg 12,150,000 16,384,111 20,094,352 24,515,066 29,653,235

Net Income 4,864,111 4,340,240 5,050,714 5,768,169 6,088,482
Total 17,014,111 20,724,352 25,145,066 30,283,235 35,741,716
Withdrawal 630,000 630,000 630,000 630,000 630,000
Partner's Capital, End 16,384,111 20,094,352 24,515,066 29,653,235 35,111,716
Table 4. Statement of Changes in Owners’ Equity
67
COMPARATIVE STATEMENTS OF CASH FLOWS

COMPARATIVE STATEMENTS OF CASH FLOWS
Cash flows from operating Notes Pre-operating Year 1 Year 2 Year 3 Year 4 Year 5
Cash received from–Courts 3,439,800 3,931,200 4,422,600 4,914,000 4,914,000
Cash received From-Events 60,000 60,000 60,000 60,000 60,000
Income from training 6,552,000 7,488,000 8,424,000 9,360,000 9,360,000
Cash Received from canteen 7,862,400 7,862,400 7,862,400 7,862,400 7,862,400
Purchases (6,552,000) (6,552,000) (6,552,000) (6,552,000) (6,552,000)
Security services (356,122.92) (356,122.92) (356,122.92) (356,122.92) (356,122.92)
Salaries 10 (2,131,843) (2,131,843) (2,131,843) (2,131,843) (2,131,843)
Insurance (25,450.00) (25,450.00) (25,450.00) (25,450.00) (25,450.00)
Utilities 8 (263,988) (265,488) (267,888) (268,488) (269,988)
Miscellaneous 11 (40,000) (40,000) (50,000) (50,000) (50,000)
Bonus (457,267) (421,301) (405,368) (407,824) (416,723)
Tax (2,840,847.22) (2,530,899.63) (2,970,663.68) (3,409,184.74) (3,602,624.91
Pre-Operating (93,115.33
Net Cash provided by operating activities 3,389,034.439 5,453,303.136 6,128,830.340 6,808,891.950 6,474,004.950
Cash flows from Investing activities

Purchase of Land 6,817,000
Building Construction 6,000,000
Purchase of Facilities and Equipment 427,616
Net Cash provided by investing activities 13,244,616
Receipt of Loan 1,500,000
Payment of Principal 6 (466,577.50) (499,237.92) (534,184.58)
Payment of Interest 6 (105,000) (72,339.58) (37,392.92)
Partners’ Capital 12,150,000
Partners Withdrawal (630,000) (630,000) (630,000) (630,000) (630,000.00)
Net Cash provided(used) by financing activities (1,201,578) (1,201,578) (1,201,578) (630,000) (630,000)
Net Increase/Decrease in cash 2,187,456.94 4,251,725.64 4,927,252.84 6,178,891.95 5,844,004.95
Cash Balance, beg. 405,384 4,357,373 10,174,291 16,982,378 25,347,866
Cash Balance, end. 405,384.00 2,592,840.94 6,844,566.57 11,771,819.41 17,950,711.36 23,794,716.32
Table 5. Statement of Cash Flow

68
LA CENTRO ATLETICO DE ILIGAN
Notes to Financial Statements
Note 1 – Organization
La Centro Atletico de Iligan is a rent – a court service, somewhat

live a sport complex. It was established on January 1, 2018 founded by
the partners in the business. Its objective is to provide quality services in
reasonable cost supplemented with complete gears, equipment, and
conducive environment to athletes and sports enthusiasts. The location
will be based in Pala-o, Iligan City.
Note 2 – Accounting Policies
Statement of compliance
The financial statement has been prepared on an accrual and

going concern basis and complies with Philippine Financial Reporting
standards.
Basis of Preparation
The financial statement has been prepared on an accrual and

going concern basis and applying the accounting policies consistently.
The figures presented in financial statement will be denominated in
Philippine peso.
Property, Plant and Equipment
All fixed assets are valued initially and subsequently at cost

including all cost directly attributable in bringing the assets into the
location intended by the management, less any accumulated
depreciation and accumulated impairment losses, if any. And as to
derecognition, the fixed asset will be disposed if there are no more future
economic benefits expected to flow to the entity. And any gains and
69
losses on disposal are determined by comparing the proceeds and

carrying amount of the asset and will be recognized in profit or loss.
Depreciation will be charged based on estimated useful life using straight
line method and as to write-off, if there are any, on fixed asset assets
other than land.
Financial Liabilities
Financial liabilities with interest bearing note will be computed

using effective interest expense and interest paid will be amortized
yearly. As to derecognition, financial liabilities will be disposed when the
obligation under that liability is extinguished or cancelled.
Revenues
Revenues are recorded at the time of rendering or delivering the

service.
Expenses
Expenses are recognized upon payment of services, utilities, and

miscellaneous.
Note 3 – Cash
Year 1 Year 2 Year 3 Year 4 Year 5

Petty Cash 10,000 10,000 10,000 10,000 10,000
Fund
Cash on Hand 7,862,400 7,862,400 7,862,400 7,862,400 7,862,400
Cash in Bank 10,041,80 11,479,20 12,906,60 14,334,00 14,334,00
0 0 0 0 0
Total 17,904,20 19,341,60 20,769,00 22,196,40 22,196,40
0 0 0 0 0
Table 5.6: Cash
70
 The entity generate inflows from canteens and other funds will be
used in revolving funds entity
 The business strategy will maintain a petty cash fund to pay for
small and other miscellaneous expenditures, in adherence using
imprest system method and other will maintain a balance of not
more than P10, 000.
Note 4 – Buildings
Cost 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000

Less: 300,000 600,000 900,000 1,200,000 1,500,000
Accumulated
Depreciation
Total 5,700,000 5,400,000 5,100,000 4,800,000 4,500,000
Table 5.7: Building
 Building has an estimated useful life of 20 years and has no

salvage value and depreciated using straight line method.
Note 5 – Furniture’s and Fixtures

Cost 427,616 427,616 427,616 427,616 427,616
Less: 85,523.2 171,046.4 256,569.6 342,092.8 427,616
Accumulated
Depreciation
Total 342,092.8 256,569.6 171,046.4 85,523.2 0.0
Table 5.8: Furniture and Fixture
 All Furniture and Fixture has an estimate useful life of 5 years

with no salvage value and depreciated using straight line method
71
Note 6- Loan Amortization Schedule using Effective Interest

Method:
.𝟎𝟕(𝟏.𝟎𝟕)𝟑
P1, 500, 000.00 (𝟏.𝟎𝟕)𝟑 −𝟏 = P 571, 577. 50
Period Annual Interest Principal Carrying

Payment Expense payment Amount
1,500,000
1 571,577.50 105,000 466,577.50 1,033,422.50
2 571,577.50 72,339.58 499,237.92 534,184.58
3 571,577.50 37,392.92 534,184.58 0
Table 5.9: Loan Amortization Schedule
 Interest expense is computed by multiplying the carrying amount

by 7%.
 Principal payment is computed getting first the present value and
from that value just subtract the interest expense to get it.
 Annual payment is the present value it is computed by adding the
interest expense and principal payment.
Note 7 – Partners Equity
La Centro Atletico de Iligan is composed of 9 partners

encompassed 8 purely capitalist partner and one capitalist-industrialist
partner. The partners contributed P1, 350,000.00 each as an initial
investment.
The partnership shall distribute the income from the operation

equally, as the partners agreed on equal contribution. But share in net
income will be given to each partner after bonus has been given to the
industrialist partner. All partners are only allowed to withdraw a
maximum 70,000.00
72
Net Income Year 1 = 4,864,111
Partne's Capital, Add: Net Less: Partne'sCapital,En

Bonus Total
Beg Income Drawing d
1. ALANG, ABEDIN H. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
2. ALONTO, HAMZA L. 1,350,000.00 540,456.80 2,978,027.29 4,868,484.09 70,000.00 4,798,484.09
3. CAMPONG, AHMED
F. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
4. CAYANDATO, AL-
RAYAN N. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
5. MARUHOM, ABDUL
BASHET B. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
6. UY, DELMAR JOE M. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
7. ANTIQUINA, JULIET
S. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
8. LACAR, MA. CARLA

MAE C. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
5. MARUHOM, ABDUL
BASHET B. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
9. NUSKA, PRINCESS
NEHARAH M. 1,350,000.00 540,456.80 1,890,456.80 70,000.00 1,820,456.80
Table 5.10: Net Partner’s Equity (Net Income Year 1)

73
Net Income Year 2 = 4,340,240.36
1. ALANG, ABEDIN
H. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
2. ALONTO, HAMZA
L. 4,798,484.09 482,248.93 2,657,290.01 7,938,023.04 70,000.00 7,868,023.04
3. CAMPONG,
AHMED F. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
4. CAYANDATO, AL-
RAYAN N. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
5. MARUHOM,
ABDUL BASHET B. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
6. UY, DELMAR
JOE M. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
7. ANTIQUINA,
JULIET S. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
8. LACAR, MA.
CARLA MAE C. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
5. MARUHOM,
ABDUL BASHET B. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73
9. NUSKA,
PRINCESS
NEHARAH M. 1,820,456.80 482,248.93 2,302,705.73 70,000.00 2,232,705.73

74
Net Income Year 3 =5,050,7164.22
1. ALANG, ABEDIN H.
2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
2. ALONTO, HAMZA L.
11,451,487.52 640,907.64 3,531,531.89 15,623,927.04 70,000.00 15,553,927.04
3. CAMPONG, AHMED
F. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
4. CAYANDATO, AL-
RAYAN N. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
5. MARUHOM, ABDUL
BASHET B. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
6. UY, DELMAR JOE

M. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
7. ANTIQUINA,
JULIET S. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
8. LACAR, MA. CARLA

MAE C. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
5. MARUHOM, ABDUL
BASHET B. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
9. NUSKA, PRINCESS
NEHARAH M. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84

75
Net Income Year 4 = 5,786,168.75
1. ALANG, ABEDIN H.
2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
2. ALONTO, HAMZA
L. 11,451,487.52 640,907.64 3,531,531.89 15,623,927.04 70,000.00 15,553,927.04
3. CAMPONG,
AHMED F. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
4. CAYANDATO, AL-
RAYAN N. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
5. MARUHOM,
ABDUL BASHET B. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
6. UY, DELMAR JOE
M. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
7. ANTIQUINA,
JULIET S. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
8. LACAR, MA.
CARLA MAE C. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
5. MARUHOM,
ABDUL BASHET B. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84
9. NUSKA, PRINCESS
NEHARAH M. 2,723,896.20 640,907.64 3,364,803.84 70,000.00 3,294,803.84

76
Net Income Year = 6,088,481.75
1. ALANG, ABEDIN H.
3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
2. ALONTO, HAMZA
L. 15,553,927.04 676,497.97 3,727,641.89 19,958,066.90 70,000.00 19,888,066.90
3. CAMPONG,
AHMED F. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
4. CAYANDATO, AL-
RAYAN N. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
5. MARUHOM,
ABDUL BASHET B. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
6. UY, DELMAR JOE
M. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
7. ANTIQUINA,
JULIET S. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
8. LACAR, MA.
CARLA MAE C. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
5. MARUHOM,
ABDUL BASHET B. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81
9. NUSKA, PRINCESS
NEHARAH M. 3,294,803.84 676,497.97 3,971,301.81 70,000.00 3,901,301.81

77
Note 8 – Utilities Expense

Electricity 144, 000 145, 000 146, 900 147, 000 148, 000
Water 42, 000 42, 500 43, 000 43, 500 44, 000
Telephone 77,988 77,988 77,988 77,988 77,988
and
internet
Total 263,988 265,488 267,888 268,488 269,988
Table 5.15: Utilities Expense
Note 9: Depreciation Expense
Year 1- Year 5
Building P1,500,000
Furniture’s and Fixtures 427,616
Total P 1,927,616
Table 5.16: Depreciation Expense
 Building P6,000,000/20yrs =300,000X5=1,500,000
 Furniture and Fixture P 427,616/5yrs = 85,523.2X5=427,616

78
Note 10: Salaries Expense
Year 1 to 5
Financial Manager (11,700 per mos.) P140,400
Cashier1 (9,490 per mos.) 113,880
Cashier2 (9,490 per mos.) 113,880
Bookkeeper (2, 500 per mos.) 30, 000
External Auditor 50,000
Operating Manager (11,700 per mos.) 140, 400
Officer-in-charge (9, 490 per mos.) 113, 880
Marketing Manager (11,700 per mos.) 140,400
Sports Director (9, 490 per mos.) 113, 880
Assistant Sports Director (9,100 per mos.) 109, 200
Human Resource Manager (11,700 per mos.) 140, 400
Utilities 1 (9,490 per mos.) 113, 880
Utilities 2 (9,490 per mos.) 113, 880
Maintenance Personnel 1 (9,490 per mos.) 113, 880
Maintenance Personnel 2 (9,490 per mos.) 113, 880
Maintenance Personnel 3 (9490 per mos.) 113, 880
Guard1(14,838.455 per mos.) 178,061.46
Guard2(14,838.455 per mos.) 178,061.46
Total P2,131,842.92
Table 5.16: Salaries Expense
79
Note 11- Miscellaneous Expenses

Advertising 20,000 20,000 20,000 20,000 20,000
Expense
Maintenance 5,000 5,000 15,000 15,000 15,000
Expense
Supplies 15,000 15,000 15,000 15,000 15,000
Total P40,000.00 P40,000.00 P50,000.00 P50,000.00 P50,000.00

Table 5.17: Miscellaneous Expense
Note 12 – Food Supplies Expenses

Beginning 0 1,965,600 1,310,400 655,200 0
Inventory
Purchases 6,552,000 6,552,000 6,552,000 6,552,000 6,552,000
Total Goods 6,552,000 8,517,600 7,862,400 7,207,200 6,552,000

Available for
Sale
Ending 1,965,600 1,310,400 655,200 0 0
Inventory
COGS 4,586,400 7,207,200 7,207,200 7,207,200 6,552,000
Sales 7,862,400 7,862,400 7,862,400 7,862,400 7,862,400
Cost of Goods 4,586,400 7,207,200 7,207,200 7,207,200 6,552,000

sold
Gross profit 3,276,000 655,200 655,200 655,200 1,310,400
Table 5.17: Supplies Expense
80
E. Financial Statement Analysis
The following tables below present the financial statements

analysis using trend/horizontal technique or method. Such method used
to show and evaluate the changes in the amount of corresponding
financial statement items over a period of time.
81

Comparative Financial Position Statement
For the Years Ended 31, 2020 and 2019
Increase or Decrease
Accounts 2020 2019 Amount Percent %
ASSET
Cash 6,844,566.57 2,592,840.94 4,251,725.64 164%
Inventory 1,310,400.00 1,965,600.00 -655,200.00 -33%
Total Current 8,154,966.57 4,558,440.94 3,596,525.64 79%
Noncurrent Asset
Land 6,817,000.00 6,817,000.00 0.00 0%
Building, net 5,400,000.00 5,700,000.00 -300,000.00 -5%
Furnitures and Fixture, net 256,569.60 342,092.80 -85,523.20 -25%
Total noncurrent assets 12,473,569.60 12,859,092.80 -385,523.20 -3%
TOTAL ASSETS 20,628,536.17 17,417,533.74 3,211,002.44 18%
LIABILITY
Current Liabilities
Loans Payable-current portion 534,185.00 499,237.92 34,947.08 7%
Total current liability 534,185.00 499,237.92 34,947.08 7%
Loans Payable-noncurrent 0.00 534,185.00 -534,185.00 -100%
Total Noncurrent Liability 0.00 534,184.58 -534,184.58 -100%
Total Liability and Equity 534,185.00 1,033,422.92 -499,237.92 -48%
Partner’s Equity
Partners’ Capital 20,094,351.59 16,384,111.24 3,710,240.36 23%
Total Liability and Equity 20,628,536.59 17,417,534.16 3,211,002.44 18%
Table 5.18: Comparative Statement of Financial Position Year 2 and Year 1
82

ASSET
Cash 11,771,819.41 6,844,566.57 4,927,252.84 72%
Inventory 655,200.00 1,310,400.00 -655,200.00 -50%
Total Current 12,427,019.41 8,154,966.57 4,272,052.84 52%
Noncurrent Asset
Land 6,817,000.00 6,817,000.00 0.00 0%
Building, net 5,100,000.00 5,400,000.00 -300,000.00 -6%
TOTAL ASSETS 24,515,065.81 20,628,536.17 3,886,529.64 19%
LIABILITY
Current Liabilities
Loans Payable-current portion 0.00 534,185.00 -534,185.00 -100%
Total current liability 0.00 534,185.00 -534,185.00 -100%
Loans Payable-noncurrent
Total Noncurrent Liability
Total Liability and Equity 0.00 534,185.00 -534,185.00 -100%
Partner’s Equity
83

ASSET
Cash 17,950,711.36 11,771,819.41 6,178,891.95 52%
Inventory 0.00 655,200.00 -655,200.00 -100%
Total Current 17,950,711.36 12,427,019.41 5,523,691.95 44%
Noncurrent Asset
Land 6,817,000.00 6,817,000.00 0.00 0%
Building, net 4,800,000.00 5,100,000.00 -300,000.00 -6%
TOTAL ASSETS 29,653,234.56 24,515,065.81 5,138,168.75 21%
LIABILITY
Current Liabilities
Loans Payable-current portion
Total current liability
Total Liability and Equity
Partner’s Equity
84

ASSET
Cash 23,794,716.32 17,950,711.36 5,844,004.95 33%
Inventory 0.00 0.00 0.00
Total Current 23,794,716.32 17,950,711.36 5,844,004.95 33%
Noncurrent Asset
Land 6,817,000.00 6,817,000.00 0.00 0%
Building, net 4,500,000.00 4,800,000.00 -300,000.00 -6%
Furnitures and Fixture, net 0.00 85,523.20 -85,523.20 -100%
TOTAL ASSETS 35,111,716.32 29,653,234.56 5,458,481.75 18%
LIABILITY
Current Liabilities
Loans Payable-current portion
Total current liability
Total Liability and Equity
Partner’s Equity
85

Comparative Statement of Comprehensive Income
Income from courts 3,931,200 3,439,800 491,400 14%
Other Income from events 60,000 60,000 0 0%
Income from Training 7,488,000 6,552,000 936,000 14%
Other Income from canteen 655,200 3,276,000 -2,620,800 -80%
Gross Income 12,134,400 13,327,800 -1,193,400 -9%
Salaries 2,131,843 2,131,843 0 0%
Security Agency Expense 356,123 356,123 0 0%
Interest 72,340 105,000 -32,660 -31%
Insurance 25,450 25,450 0 0%
Utilities 265,488 263,988 1,500 1%
Depreciation-bldg 300,000 300,000 0 0%
Depreciation-Fixed Asset 85,523 85,523 0 0%
Miscellaneous 40,000 40,000 0 0%
Pre-Operating 0 93,115 -93,115 -100%
Total Operating Expense 3,276,767 3,401,042 -124,276 -4%
Net Income 8,857,633 9,926,758 -1,069,124 -11%
Bonus 2,657,290 2,978,027 -320,737 -11%
Net Income before Tax 6,200,343 6,948,730 -748,387 -11%
Tax 30% 1,860,103 2,084,619 -224,516 -11%
Net Income After Tax 4,340,240 4,864,111 -523,871 -11%
Table 5.22: Comparative Comprehensive Income Statement Year 2 and Year 1
86

Accounts 2021 2020 Amount Percent
Other Income from canteen 655,200 655,200 0 0%
Gross Income 13,561,800 12,134,400 1,427,400 12%
Salaries 2,131,843 2,131,843 0 0%
Interest 37,393 72,340 -34,947 -48%
Insurance 25,450 25,450 0 0%
Utilities 267,888 265,488 2,400 1%
Miscellaneous 50,000 40,000 10,000 25%
Pre-Operating
Net Income 10,307,580 8,857,633 1,449,947 16%
Bonus 3,092,274 2,657,290 434,984 16%
Net Income before Tax 7,215,306 6,200,343 1,014,963 16%
Tax 30% 2,164,592 1,860,103 304,489 16%
Net Income After Tax 5,050,714 4,340,240 710,474 16%
Table 5.23: Statement of Comparative Comprehensive Income Year 3 and Year 2
87

Other Income from canteen 655,200 655,200 0 0%
Gross Income 14,989,200 13,561,800 1,427,400 11%
Salaries 2,131,843 2,131,843 0 0%
Interest 0 37,393 -37,393 -100%
Insurance 25,450 25,450 0 0%
Utilities 268,488 267,888 600 0%
Pre-Operating
Net Income 11,771,773 10,307,580 1,464,193 14%
Bonus 3,531,532 3,092,274 439,258 14%
Net Income before Tax 8,240,241 7,215,306 1,024,935 14%
Tax 30% 2,472,072 2,164,592 307,481 14%
88

Income from courts 4,914,000 4,914,000 0 0%
Income from Training 9,360,000 9,360,000 0 0%
Other Income from canteen 1,310,400 655,200 655,200 100%
Gross Income 15,644,400 14,989,200 655,200 4%
Salaries 2,131,843 2,131,843 0 0%
Interest 0 0 0
Insurance 25,450 25,450 0 0%
Utilities 269,988 268,488 1,500 1%
Pre-Operating
Total Operating Expense 3,218,927 3,217,427 1,500 0%
Net Income 12,425,473 11,771,773 653,700 6%
Bonus 3,727,642 3,531,532 196,110 6%
Net Income before Tax 8,697,831 8,240,241 457,590 6%
Tax 30% 2,609,349 2,472,072 137,277 6%
89
Horizontal Analysis Interpretation

Statement of Financial Position
 Year 2020 and 2019

Based on the illustration above, deviations of figures were
observed between two periods as compared. Intra periodically, the
position of the company’s resources significantly carried
incremental rate of 164% or P4, 251,725.64. Additionally,
inventory in 2020 decrease due to lower ending inventory,
approximate cause is, it’s because of high turnover as compared to
2019. All other non-current assets decline, except for land, due to
depreciation every year. As to liability, it carried a rate of 7%,
hence, payment on instalment basis at the present value of the
loan every year was made. It was pointed out that the business
was financed more on equity, which is more favourable, thus lower
risk for additional expense on interest annually, though risk is
always there when you engage into debt financing or shall I say
obtain a loan from a bank. Consequently, partner’s capital at year
end increased to 23%, which is good.
 Year 2021 and 2020

As observed in the table, absolute changes have occurred.
Obviously, total assets has an incremental rate of 52% or
P4,272,052.84, because it was significantly influence due to
increase in cash in current asset and decrease in ending
inventory of 72% and -50%, respectively. As to non-current assets
it was observed that all other line items, except land, decrease
due to depreciation over time as it adhered to the accrual basis of
accounting. In viewpoint of liabilities, it totally carried a
decremental rate of -100%, thus, it was paid on an instalment
90
basis annually and in 2021 it was expected that the liabilities will
be fully extinguished, thus, the loan has term of only 3 years.
Consequently, as to the position presented the business, it was
financed much on equity, continuously carried an incremental
rate of 22% or P3, 886,529.22to be more specific.
 Year 2022 and 2021

According to the illustration presented above, continuously
between 2021 to 2022 total assets has increased due to significant
increase in cash balance at year end, thus, it carried 44% or P5,
523,691.95. Apart from that, the inventory turnover gradually
increased till it hovers that no ending inventory in year 2022 based
on maximized probability. Still, as to non-current assets, all other
line items, except land, decrease due to passage of time as it
depreciate, in contradiction that land appreciates and it is adjusted
if there are any valuation. In year 2022, the business has no more
liabilities and equity financing carried an incremental rate of 21%
or P5, 138, 168. 75 as evaluated.
 Year 2023 and 2022

Relatively, the status of the company based on the statement
of financial position of the business, adhered to the going concern
assumption principle. Thus, as being observed total assets carried
an incremental rate of 33% or P5, 884,004.95 though a little bit
deviated downward as compared between 2021 and 2022 that
carried an incremental rate of 44%, ergo, and still it shows that the
business is operating well. And the business carried, as it was
financed more on equity, an incremental rate of 18% or or P5,
458,481.75 on total equity and liability. Also, liabilities exists no
91
more, thus, it was already extinguished in year 2021, and thus, it

only holds a term of 3 years that yields 7% interest.
Income Statement
 Year 2020 and 2019

Basically, during 2019 to 2020 gross income carried
andecremental rate of 9% or P1, 193,400.00 due to significant
increase in, major operation of the business, revenue from court
services that carried a 14% or P491, 400.00 based on the line item
projected. As to its totality, profit was greatly influenced by the
significant decrease in all items, thus, it was based on accrual
basis of accounting principle, wherein pre-operating expenses will
only be incurred before up to the start-up ground of the business,
thus, it carried adecremental rate of 100% or P93, 115.33. Hence,
pre-operating expenses exists on the fact is present that if you are
a start-up business you wouldn’t perform as it reflects, it was only
incurred ahead before a certain business begins its usual
operation.
 Year 2021 and 2020

Obviously, as presented in the illustration, in year 2021 gross
income carried an incremental rate of 12% or P1,427,400.00due to
significant increase in revenues from training services that carries
13% or P936, 000.00. Apart from that, operating expenses most
likely and majority holds 0%, hence, the probability is same as
with the previous year, except to the interest expense in which it
decline to 50%due to instalment paid for 2 years, subsequently,
that results to a decrease in interest expense by P37, 393.00. Net
92
income by year end 2021 carried an incremental rate of 16% or P

710,474.
 Year 2022 and 2021

It was pointed out that in year 2022 gross income increased
by 11% as compared to last year or P1, 427,400.00 to be more
specific. And aside from that increase in gross income was
significantly caused by incremental income on Training services
between 2022 and 2021, of P936, 000.00 or 11%. As to total
operating expenses, it has a decremental value of P36, 793.00 due
to extinguishment of a liability, it follows that interest expense
attached to will also be relinquished as well. Hence, the principal
was paid in full. Consequently, that results to incremental rate of
the net income after tax of 14% or P717, 455.00 to be more
specific.
 Year 2023 and 2022

Adhering to the probability that in year 4 and 5 pertains to
2022 and 2023, respectively, that revenue will be maximized to
100%. Hence, as observed, that there were no further increase or
decrease in the figures of income from court service, income from
training and income from event, while the income from the canteen
increase by 100% or P655,200. Gross margin increase to 4%, thus
net income afterward, viewed only 6% increase from 2022 to 2023
or P320, 313.00 to be more specific.
93
Ratio Analysis
PROFITABILITY RATIO
Gross Margin
Gross margin tells you about the profitability of your goods and services.
It tells you how much it costs you to produce the product.
GM=Gross Profit/Net Income*100
Year Gross Profit Net Income % GM

1 13,327,800 4,864,111 100 274.00%
2 12,134,400 4,340,240 100 279.58%
3 13,561,800 5,050,714 100 268.51%
4 14,989,200 5,768,169 100 259.86%
5 15,644,400 6,088,482 100 256.95%
Table 26. Gross Margin
Return on Asset
Return on assets measures how effectively the company produces

income from its assets.
ROA=Net Income/Assets*100
Year Net Income Asset % ROA
1 4,864,111.24 17,417,533.74 100 27.93%
2 4,340,240.36 20,628,536.17 100 21.04%
3 5,050,714.22 24,515,065.81 100 20.60%
4 5,768,168.75 29,653,234.56 100 19.45%
5 6,088,481.75 35,111,716.32 100 17.34%

Table 27. Return on Asset
94
Return on Equity
Return on equity measures how much a company makes for each dollar
that investors put into it.
ROE=Net Income/Shareholder Investment*100
Shareholders’
Year Net Income Investment % ROE
1 4,864,111.24 16,384,111 100 29.69%
2 4,340,240.36 20,094,352 100 21.60%
3 5,050,714.22 24,515,066 100 20.60%
4 5,768,168.75 29,653,235 100 19.45%
5 6,088,481.75 35,111,716 100 17.34%
Table 28. Return on Equity
Return on Investment
Year Net Income Asset ROI

1 4,864,111.24 17,417,533.74 28%
2 4,340,240.36 20,628,536.17 21%
3 5,050,714.22 24,515,065.81 21%
4 5,768,168.75 29,653,234.56 19%
5 6,088,481.75 35,111,716.32 17%
Table 29. Return on Investment
SOLVENCY RATIO
G.6. Test of Solvency

Title Formula Year 1 Year 2 Year 3 Year 4 Year 5
Total Liability
Debt Ratio 5% 2% 0% 0% 0%
total Asset
Total Equity
Equity Ratio 95% 98% 100% 100% 100%
Total Asset
Total Liability
Debt to Equity Ratio 6% 2% 0% 0% 0%
Total Equity
total Asset
Equity Multiplier 106% 102% 100% 100% 100%
Total Equity
Table 30. Test of Solvency Ratio
95
LIQUIDITY RATIO
Liquidity Ratio
Title Formula Year 1 Year 2 Year 3 Year 4 Year 5

Current
Curren Asset 15.27 to
4.41 to 1
t Ratio Current 1
Liability
Quick
Quick
Asset 12.81 to
asset 2.51 to 1
Current 1
Ratio
Liabilty
Cost of
Invent
Goods
ory 4.67 4.40 3.67 3.67
Sold
Turnov times times times times
Average
er
Inventory
Invent 365
78.21 82.95 49.77 16.59
ory Inventory
Days days Days Days
Days Turnover
Current
Workin
Asset-
g
Current 3,525,01 7,620,78 12,427,01 17,950,71 23,794,71
Capital
Liability 8.02 1.57 9.41 1.36 6.32
TABLE 31. LIQUIDITY RATIO
Payback Period
Year Cash Flow Required Amount Period Needed

(Cumulative)
1 2,592,840.94 2,592,840.94 1
2 6,844,566.57 9,000,398.12 1
11,771,819.41 1,764,532.27 0.15
Total 13,357,771.33 2.15
96
CONCLUSION
As to the profitability of the business entity, it is gradually

decreasing as to the Gross Margin, Return on Income, and Return on
Equity but despite the decreasing rate, it did not arrive to a negative ratio
which is a good indicator of a profitable business. In the Liquidity Ratio,
the Current and Quick Asset Ratio is not applicable during Year 3 to
Year 5 since the business entity did not incur any liabilities during those
years. As to the Inventory aspect of the Liquidity Ratio, it indicated a
high turnover and lesser holding time of the inventories along the
business years. As to the solvency of the business entity, it has the
ability to pay its liabilities since during Year 1 to 2, it had a small
percentage which indicates that the entity is able to pay its long term
and short term liabilities. The Debt to Equity Ratio also signified that the
entity is relying its finances through investments.
97
CHAPTER VI
SOCIO-ECONOMIC ASPECT
This chapter discusses information about the socio-economic

study of the proposed business. The proposed business will be
managed to profit and will provide social and economic benefits to
the customers, employees, investors, creditors, the community,
and to the country as a whole.
Youth
La Centro Atletico de Iligan will cater to customers most

especially to the youth so that they will be encouraged more to
engage in physical activities rather than engaging into bad vices.
The business will also develop sports programs to the youth who
are interested in engaging physical activities.
Employment
La Centro Atletico de Iligan will be hiring competent and

qualified applicants who fit the requirements of the specific
position. The employees will be given just compensation according
to the position they are hired. They will also receive health benefits
and 13th month pay.
Development of the City
La Centro Atletico de Iligan will be influencing the people in

Iligan City to engage in physical activities. It will develop the
athletic programs of Iligan City. It will give Iligan City a chance to
be known internationally through the programs and events.
98
Taxes
La Centro Atletico de Iligan will be paying their taxes

religiously to the Bureau of Internal Revenue provided by law when
due. It will also help the government for regulation purposes to
defray its expenses.
99
CONCLUSIONS
Based on the data presented, with the provision of the figures on

ratio analysis that serves as evidence and guidelines and as far as the
concern of the investors it has high rate of ROI though there is a decline
but still it did not arrive at negative return one of the reason is that
equity each year increases much prominent than that of the increase in
net income, thus, the proposed project is FEASIBLE. Ergo, within 2.15
years the said business could recover all costs incurred during pre-
operating which tantamount to the said initial cost of investment. Apart
from that, there is a demand.
RECOMMENDATION
After conducting all of the feasibility factors, such as Study

Objectives, Marketing, Technical, Organizational, Financial, And Socio-
economic aspects, including the data analysis, surveys and
computations, the researchers had come up ith the finding and
recommendations that will help the organization and business entity in
deciding and prove whether it is feasible and viable on terms.
Based on the information gathered and presented in this study it

gives findings and recommendation to undertake and implement.
Furthermore it is highly recommended that La Centro Atletico de Iligan
should be operated in Brgy. Pala-o, Iligan City considering that it is one
of the center of attraction for the business establishments. Here the key
findings:
Marketing
It is also being viewed that the business entity – La Centro Atletico

de Iligan should have consistency, in regards with the marketing aspect,
100
to be able to differentiate itself from its competitors that will attract the
market – new customers or students, for the business to be improved
and to have consideration of expansion as part for the future plans and
operation as well as for the benefit in longevity of business operation.
Product
Additional products and services rendered for the business to

consider as it will help to have an increase in income since it has facility
to cater and offer the said recommendation.
101
BIBLIOGRAPHY
 http:// www.topendsports.com/sports/sports-definition/html
 hhtps://en.exforddictionaries.com/definition/sports
 http:// www.dailyexcelsior.com/sports-promotes-camaraderie-
future-cahllenges;December 17, 2016 Sports Article.
 JULIE FOUDY; two time Olympic Gold Medalist”-choose to Matter –
being courageously and fabulously You” – ESPNW, Athletes Life ,
Sports United Article
 http://www.topendsports.com/sports/countries
 https://en.m.wikipedia.orf./wiki/Sports.Culture
102
APPENDICES
103
MASTERS TECHNOLOGICAL INSTITUTE OF MINDANAO

Soriano Badelles St, Iligan City, LanaodelNorte
College of Accountancy
Name: (Optional)
____________________________________________________________
Sex: M F
Age: Young (19 years and below) Young Adults (21 years -25
years) Adults (26 years and Above)
Allowance (Weekly):
500-1,000 1,000-1,500
1,500-2,000 2,000-2,500
Instruction: Put a check ( ∕ ) in the box beside your preferred answer.

Answer as honestly as possible.
1. What academic institution are you enrolled in?
LIF SPC MTIM
SMC IMCC ICC
2. Are you a student-athlete in the academic institution you enrolled in?
Yes No
3. Are you a sports enthusiast?
Yes No
4. What varsity sports do you play?

104
Basketball Football/Futsal Table Tennis
Volleyball Badminton Others: ___________
5. Where do you usually play/train?
Barangay Courts School Gym
Rental Courts Others: _____________
6. Have you ever played in a sports complex?
Yes No
7. Do you want to play in a sports complex?
Yes No
If yes, then answer the following question.
8. Do you want to have a shower room in the sports complex?
Yes No
9. Do you want us to provide the equipment (e.g balls, cones, etc.) for
your games/trainings?
Yes No
10. Do you want to have a small canteen in the sports complex?
Yes No
11. Do you want to have a water fountain in the sports complex?
Yes No
12. How much are you willing to pay per hour for a sports complex with
complete facilities and high-class equipment?
105
P200 – 249 P300 – 349 P400 above
P250 – 299 P350 – 399
13. What time do you prefer playing in the sports complex? (Write the
specific time range that you prefer)
Morning: ___________________ Evening: ________________
Afternoon: __________________
14. How do you usually find out about rental courts and barangay
courts?
Social Media Advertisements (e.g flyers,

posters)
Friends/Family/Relatives Others: _____________________

106
SURVEY RESULT
APPENDIX 1- SURVEY TABULATION
NUMBER OF
DESCRIPTION
RESPONDENTS:
GENDER:
MALE 125
FEMALE 75
AGE:
YOUNG (19-UNDER) 74
YOUNG ADULTS ( 21-25) 108
ADULTS ( 26 and above ) 18
ALLOWANCE ( WEEKLY ):
P 500.00 - P 1,000.00 138
P 1,0001.00 - P 1,501.00 35
P 1,5001.00 - P 2,000.00 14
P 2,0001.00 - P 2, 500.00 13
ACADEMIC INSTITUTIONS ENROLLED IN:

Masters Technological Institute of Mindanao 50
St. Peter's College 50
St. Michael's College 50
Lyceum of Iligan Foundation 50
Are you a Student-Athlete in the academic

institutions you enrolled in?
YES 56
107
NO 144
Are you a SPORTS ENTHUSIASTS?

YES 200
NO 0
What VARSITY SPORTS do you play?

BASKETBALL 95
VOLLEYBALL 57
FOOTBALL/FUTSAL 6
BADMINTON 96
TABLE TENNIS 3
OTHERS:
Lawn Tennis 12
Bowling 1
Softball 1
Frisbee 6
Where do you usually play or train?

BARANGAY COURTS 84
RENTAL COURTS 72
SCHOOL GYM 26
OTHERS:
Home/Compound Grounds 16
Field/Beach 2
Beach 1
108
Have you ever played in a sports complex?

YES 121
NO 79
Do you want to play in a sports complex?

YES 200
NO 0
Do you want to have a shower room in the

sports complex?
YES 165
NO 7
Blank 28
Do you want us to provide the equipment?

YES 178
NO 0
Blank 28
Do you wan to have a small canteen in the

sports complex
YES 178
NO 0
Blank 28
Do you want to have a drinking water fountain

in a sports complex?
YES 178
NO 0
109
Blank 28
Are you willing to pay P 350.00 per hour per

team?
YES 103
NO 69
Blank 28
What time do you prefer playing in a sports

complex? ( Time Range preferred)
MORNING:
4:00 - 9:00 am 10
5:00 - 8:00 am 20
6:00 - 9:00 am 32
7:00 - 8:00 am 25
8:00 - 10:00 am 38
10:00- - 12:00 nn 30
AFTERNOON:
1:00 - 3:00 pm 35
3:00 - 5:00 pm 57
4:00 - 5:00 pm 30
1:00 - 5:00 pm 40
EVENING:
6:00 - 9:00 pm 70
7:00 - 9: 00 pm 35
8:00 - 10: 00 pm 12
9:00 - 10:30 pm 5
110
Blank 38
How do you usually find out about rental

courts?
SOCIAL MEDIA 39
FAMILY/FRIENDS/RELATIVES 165
ADVERTISEMENTS 9
OTHERS 2
APPENDIX II - SURVEY TABULATION ANALYSIS
Table 12. Gender

NUMBER OF
GENDER PERCENTAGE (%)
RESPONDENTS
MALE 125 63
FEMALE 75 37
Total 200 100
Table 12.The graphical representation above illustrates the gender

designation of the respondents, its frequency as to response and
percentage. As shown, 125 out of 200 respondents are male sports
enthusiasts and varsity players, which have a percentage of 63%. On the
other hand, the remaining respondents that account around 75
respondents are female enthusiasts and players.
111
Table 13. Age

NUMBER OF
AGE PERCENTAGE (%)
RESPONDENTS
YOUNG (19-UNDER) 74 37
YOUNG ADULT (21-25) 108 54
ADULTS (26 AND ABOVE) 18 9
Total 200 100
The above table shows the age range of the respondents. Hence, 74
respondents were referred to be the “Young Respondents”, as their age
range is around 19 or 20, as to the 108 respondents, their age range is
around 21 t0 25 – referred as the “ Young Adults”, and the remaining 18
respondents, are called the “Adults” aging 26 and above, with a
percentage of 37%, 54%, and 9% respectively.
Table 14. Allowances

NUMBER OF
ALOWANCE PERCENTAGE (%)
RESPONDENTS
P 500.00 – P 1,000.00 138 69
P 1,001.00 – P 1,500.00 35 18
P 1,50100 – P 2,000.00 14 7
P 2,001.00 – P 2,500.00 13 6
Total 200 100
As illustrated in the table 3, the weekly allowances of the students

or the respondents have ranges of P 500.00 – P 1,000.00, P1, 001.00 – P
1, 500.00, P 1, 501.00 – P 1, 501.00 – P 2,000.00 and P 2, 001.00 – P 2,
112
500.00 which has a frequency and percentage of 138 (69%), 35 ( 16%),

14 (7%), and 13 (6%) respondents respectively.
Table 15. Academic Institutions Enrolled In

ACADEMIC NUMBER OF
PERCENTAGE (%)
INSTITUTIONS RESPONDENTS
MTIM 50 25
SPC 50 25
SMC 50 25
LYCEUM 50 25
Total 200 100
As illustrated in the graphical representation above, the

respondents are enrolled in the different academic institutions, which
are, Masters Technological Institute of Mindanao (MTIM), St. Peter’s
College (SPC), St. Michael’s College (SMC) and Lyceum of Iligan
Foundation (LIF) that has 50 respondents, with a percentage of 25% each
and a total of 100% in respondents in the institutions, as we have
conducted.
113
Table 16: Student Athletes

NUMBER OF
RESPONDENTS
YES 56 28
NO 144 72
Total 200 100
As shown above in the table and with regards to the respondents,

56 respondents are Sports – Athlete enrolled in their academic
institutions. On the other hand, the 144 respondents are Not Sports –
Athletes in the institutions mentioned that they are enrolled in. Hence, it
shows a total percentage of 28% to YES and 72% answer NO, which are
not are a sports athlete in their institution.
Table 17.Sports Enthusiasts

NUMBER OF
RESPONDENTS
YES 200 100
NO 0 0
Total 200 100
As illustrated above, the respondents are all sports enthusiasts -

who are considered to have interest in varsity sports mentioned below in
the succeeding graphical representation. Hence, it has a 100%
percentage.
114
Table 18: Varsity Sports Tabulation

BASKETBALL 95 34
VOLLEYBALL 57 21
FOOTBALL/FUTSAL 6 2
BADMINTON 96 35
TABLE TENNIS 3 1
OTHERS:
LAWN TENNIS 12 4
BOWLING 1 .05
SOFTBALL 1 .05
FRISBEE 6 2
Total 200 100
As illustrated in the table above, it has shows different varsity

sports being played by the respondents and its equivalent percentage,
with regards to their answer in the survey conducted. It has also
indicated the other sports being played such Lawn Tennis, Bowling,
Softball and Frisbee.In addition to this, the total frequency is 277, which
has an excess of 77, in the total respondents - by the reason that some of
the respondents picks more one on the choices.
115
Table 19: Places

BRGY. COURTS 84 42
RENTAL COURTS 72 36
SCHOOL GYM 26 13
OTHERS:
HOME/ COMPOUND GROUNDS 16 8
FIELD 2 .99
BEACH 1 .01
Total 200 100
The table above shows, the result on the where the respondents
play or train as part of the question being mention in the survey
questionnaire. It indicates the places they play and their frequency which
are Barangay Courts with a frequency of 84 responses, Rental Courts
with a frequency of 72 respondents, School Gym - 26, and others, as
specified by the respondents which are Home or compound grounds – 16
respondents, field - 2 , and beach -1 respondents. Hence, the total
frequency is 201 which has an excess due to the reason that some of the
respondents pick more than one on the choices given.
Table 20. Have You Played In A Sports Complex

PERCENTAGE
RESPONSE FREQUENCY
(%)
YES 121 61
NO 79 39
Total 200 100
116
The above table shown illustrates the number of respondents or

the frequency of the respondents, with regards to their answers, whether
YES, as they played in a sports complex and NO, as they have not
experienced to play in a sports complex at all. Hence, it gives the
percentage result of 61% and 39% respectively.
Table 21. Do You Want To Play In A Sports Complex

PERCENTAGE (%)
YES 200 100
NO 0 0
Total 200 100

Yes as they want to play, which shows interest in playing in a sports
complex and 0% shows that they are not interested. Hence, the 86% that
consists of 200 respondents is taken as a positive approach in the
business entity.
Table 22. Want To Have Shower Room

WANT A SHOWER
FREQUENCY PERCENTAGE
ROOM
YES 178 84
NO 7 3
BLANK 28 13
Total 200 100
As illustrated in the above table, around 178 resulting a

percentage of 84%, of the respondents’ answers YES, as they want to
117
have a shower room in the sports complex, as also a part of the

amenities and facility being provide. On the other hand 7 answers No, as
they do not want to have a shower room and the remaining 28
respondents did not proceeded to the succeeding questions in the
questionnaire and leaves it blank, which is amounting to 13% of the
frequency.
Table 23. Want To Have Canteen

YES 178 86
NO 0 0
BLANK 28 14
Total 200 100
Table 23 in the previous page, illustrates the frequency of the

respondents in answering whether they want to have a canteen, which
gives a result of 128 – YES, 0 – NO and 28 had left it blank.
Table 24. Who Wants To Have Drinking Water Fountain In The Sports
Complex?
YES 178 86
NO 0 0
BLANK 28 14
Total 200 100
Table 24, illustrates the responses of the having a drinking

fountain in the business, as the survey is being conducted. It shows that
178 of the respondents wants to have a drinking fountain resulting to
118
86% and the remaining 14% were left blank, where some did not
proceeded in the succeeding questions.
Table 25. Are You Willing To Pay 350?

YES 103 52
NO 69 34
BLANK 28 14
Total 200 100
The above table illustrates the respondents’ answers about their

willingness to pay P 350.00 in the service rendered and playing in the
sports complex. 52% of the respondents answer YES, 34% answers NO,
and 28 left it blank. In line with this it has given a positive response as to
conducting the business.
Table 26. Preferred Time To Play

PREFERRED TIME TO PLAY FREQUENCY PERCENTAGE (%)
MORNING (4:00 AM - 12:00 NN) 155 32
AFTERNOON (1:00PM - 5:00PM) 162 34
EVENING (6:00PM – 10:30PM) 122 26
BLANK 38 8
Total 200 100
The above table shown illustrates the preferred time schedule of

the respondents, with regards to their play, in such time schedule are:
morning, afternoon and evening. Furthermore, the some of the
respondents left it blank as they did not proceed on the succeeding
questions.
119
Table 27. How To Find Out About Rental Courts

SOCIAL MEDIA 39 18
FAMILY/FRIENDS/RELATIVES 165 77
ADVERTISEMENTS 9 4
OTHERS 2 1
Total 200 100
The graphical representation provided above, shows the tabulation

with regards to the responses gathered, as the survey being conducted.
As a result, it shows that 77% of the sports enthusiasts found out the
information from their family, friends, and relatives. Other than that,
some of them found them from the advertisements and others.
120
APPENDIX III – POPULATION
A. DATA POPULATION
St. Michael’s College
Total Population of Students for the Past 5 years

121
B. DATA POPULATION
St. Peter’s College
Total Population of Students for the Past 5 years

122
MASTERS TECHNOLOGICAL INSTUTE OF MINDANAO

Soriano Badelles St., Iligan City, LanaodelNorte
January 12, 2019
Office of Student Affairs

St. Michael’s College
Iligan City
Dear Ma’am/Sir,
Greetings of Peace!
In partial fulfilment of our requirement in Accounting 422, Management

Consultancy, we are graduating students of Masters Technological
Institute of Mindanao and currently taking up Bachelor of Science in
Accountancy, in behalf of my co-researchers I would like to ask
permission to conduct a survey and obtain data regarding the population
of varsity members of the institution for the past five years. This is in
view of our research study entitled “La Centro Atlético de Iligan”. We
would like to conduct the survey at your most convenient time. All
information will be kept confidential and would be used for academic
purposes only. For reference, contact us with this number 09057155968.
Thank you very much!
Yours truly,
Alonto, Hamza L.
The Researcher
Noted by:
Anas A. Aloyodan, CPA, MICB

Professor in Acctng 422
Institute Dean
123
Alang, Abedin H.
Campong, Ahmed F.
Cayandato, Al-Rayan N.
Maruhom, Abdul Bashet B.
Uy, Delmar Joe M.
Antiquina, Juliet S.
Lacar, Ma. Carla Mae C.
Nuska, Princess Neharah
The Researchers
124

January 12, 2019
To whom it may concern,
Greetings of peace!
In partial fulfillment of our requirement in Accounting 422, Management

Consultancy, we are graduating students of Masters Technological Institute of
Mindanao and currently taking up Bachelor of Science in Accountancy, in
behalf of my co-researchers I would like to ask for permission to conduct a
survey through your good office. This is in view of our research study entitled
“La Centro Atlético de Iligan”. Also we are writing in behalf of my co-
researchers, to humbly ask for your kind permission to obtain the following
data from your good office:
1. Market value of the vacant lot

2. Land area in square meters
3. Land owner
We are willing to conduct survey at your most convenient time. All

information will be kept confidential and would be used for academic purposes
only. For reference, please contact us with this number 09057155968.
Yours truly,
Alonto, Hamza L.
The Researcher
Noted by:

Professor in Accounting 422
Institute Dean
125
Alang, Abedin H.
Campong, Ahmed F.
Uy, Delmar Joe M.
The Researchers
126

January 12, 2019

Master’s Technological Institute of Mindanao
Iligan City
Dear Ma’am/Sir,
Greetings of Peace!

permission to conduct a survey. This is in view of our research study
entitled “La Centro Atlético de Iligan”. All information will be kept
confidential and would be used for academic purposes only.
Yours truly,
The Researcher
Noted by:

Professor in Acctg 422
Institute Dean
127
Alang, Abedin H.
Alonto, Hamza L.
Campong, Ahmed F.
Uy, Delmar Joe M.
The Researchers
128

January 12, 2019

St. Peter’s College
Iligan City
Dear Ma’am/Sir,
Greetings of Peace!

Yours truly,
Alonto, Hamza L.
The Researcher
Noted by:

Institute Dean
129
Alang, Abedin H.
Campong, Ahmed F.
Uy, Delmar Joe M.
The Researchers
130

January 12, 2019

Lyceum Foundation
Iligan City
Dear Ma’am/Sir,
Greetings of Peace!

Yours truly,
Alonto, Hamza L.
The Researcher
Noted by:

Institute Dean
131
Alang, Abedin H.
Campong, Ahmed F.
Uy, Delmar Joe M.
The Researchers
132

January 12, 2019

Master’s Technological Institute of Mindanao
Dear Ma’am/Sir,
Greetings of Peace!

Yours truly,
Alonto, Hamza L.
The Researcher
Noted by:

Institute Dean
133
Alang, Abedin H.
Campong, Ahmed F.
Uy, Delmar Joe M.
The Researchers
134
Republic of the Philippines
Commission on Higher Education

Masters Technological Institute of Mindanao
DEPARTMENT OF ACCOUNTANCY
COURSE SYLLABUS
Course Title : Management Consultancy
Course No. : Acctg. 422
Pre-requisite : Acctg. 312
No. of units :3
Semester : Second
Course Description:
This course is designed to initially overview the consulting profession

with a subsequent
emphasis on organization consulting issues. Effort will be placed on

developing proficiencies in
a range of skills required to practice consulting. The course is relevant to

those 1) who are
specifically interested in consulting careers and / or 2) whose current or

future jobs involve staff
consulting or line management using consultants.

135
Content Content Performance Learning

Standard Standard Competencies
Introduction The learners The learners are The learners
demonstrate an able to:
understanding of:
1.What is 1.Define 1.Able to address

management management problems which
consulting consulting and are commonly
understand why encountered in
and how management
consultants are consulting
utilized
2.Management 2.Apply a
consulting 2.Define key consulting process
process factors and issues framework to an
relevant to a actual client
consulting engagement
engagement
Project The guidelines in 1.Study 1.Assist the

Feasibility feasibility study management selection of
Study aspects business
structure,
personnel setup,
and internal
2.Study Marketing policies of the
enterprise for an
effective operation
136
3.Study technical 2.Ascertain the

aspects future demand for
the product
3.Choose the
process to be
used, plant
capacity, layout,
machinery design,
materials, and
4.Study of tax other technical
effect factors to attain
cost minimization
and profit
maximization
4.Study tax effect,

as well as legal tax
saving measures
applicable to the
projects
Content Content Performance Learning

Standard Standard Competencies
5.Study legal 5.Determine if
aspects requirements are
met and possible
incentives and
protection are
137
availed of
9.Quantifies the
6.Study of result of
financial aspects marketing,
technical, taxation
and legal phase
and expresses in
peso in terms the
possible
profitability of the
project
7.Study of
possible financing 7.Provides
sources possible sources
of financing that
can be tapped to
carry out the
8.Study of project
profitability
8.Weighs the ratio
9.Study of of capital outlay in
economic benefit relation to profit
or social that can be
desirability obtained
9.Study the
project’s
contribution to
the nation
138
REFERENCES:
Management Advisory Services Reviewer by Roque
Management Advisory Services Reviewer by Agamata
BOA course syllabus
GRADING SYSTEM:
20% Attendance
30% Exams
50% Final Output/Defend
100% Total
Prepared by: ANAS A. ALOYODAN CPA, MICB
ADVISER, Acctng 422: Management Consultancy
Department of Accountancy
Approved by: PROF. ANAS A. ALOYODAN,CPA,MICB
DEAN, Department of Accountancy

139

Commission on Higher Education
“La Centro Atletico De Iligan”

GROUP MEMBERS
Alang, Abedin H.M. Uy, Delmar

Alonto, Hamza L. Antiquina, Juliet S.
Campong, Ahmed F. Lacar, Ma. Carla Mae C.
Cayandato, Al-Rayan Nuska, Princess Neharah
Maruhom, Abdul Bashit M.
Noted by:
ANAS A. ALOYODAN, CPA, MICB
ADVISER, Acctng 422: Management Consultancy
Approved by:
PROF. ANAS A. ALOYODAN,CPA,MICB
DEAN, Department of Accountancy

140
BUSINESS LAYOUT AND DESIGN

141
142
143
144
ARTICLES OF PARTNERSHIP
Of
MINDANAO PARTNERS
KNOW ALL MEN BY THESE PRESENT:
That we, the undersigned, all of legal age and residents of the
Republic of the Philippines have agreed to amend a limited Partnership
under the terms and conditions herein set forth and subject to the
provision of existing laws of the Republic of the Philippines.
AND WE HEREBY CERTIFY:
ARTICLE I. That the name of the partnership shall be: Mindanao

Partnership.
ARTICLE II.That the principal office of the partnership shall be

located at Barangay Pala-o, Iligan City, Phillipines.
ARTICLE III. That the name, citizenship, residence and

designation of the partners of said partners are as follows:
Name Citizenship Residence Designation
Alang, Abedin H.M. Filipino Iligan City, Philippines General Partner

Uy, Delmar Filipino Iligan City, Philippines General Partner
Alonto, Hamza L. Filipino Iligan City, Philippines General Partner
Antiquina, Juliet S. Filipino Iligan City, Philippines General Partner
Campong, Ahmed F. Filipino Iligan City, Philippines General Partner
Nuska, Princess Neharah M. Filipino Iligan City, Philippines General Partner
Lacar, Ma. Carla Mae C. Filipino Iligan City, PhilippinesGeneral Partner
145
Cayandato, Al-Rayan Filipino Iligan City, Philippines General Partner

Maruhom, Abdul Bashet M.Filipino Iligan City, Philippines General Partner
ARTICLE IV. That the term for which said partnership is to exist is
30 years from the original record of said partnership by the Securities
and Exchange Commission.
ARTICLE V. That the purpose for which said partnership is formed

are as follows:
1. To conduct business related to graphics design and lay outing
including business promotion and advertising.
2. To conduct Photography and videography services for all
occasions: and
3. To engage in business related to computer buying and selling as
well as computer repair services.
ARTICLE VI. That the capital of the partnership shall be twelve

million one hundred fifty thousand, in Philippine currency contributed
cash by the partners as follows:
Name Amount Contributed
Alang, Abedin H.M. 1,350,000
Uy, Delmar 1,350,000
Alonto, Hamza L. 1,350,000
Antiquina, Juliet S. 1,350,000
Campong, Ahmed F. 1,350,000
Lacar, Ma. Carla Mae C. 1,350,000
Cayandato, Al-Rayan 1,350,000
Nuska, Princess Neharah 1,350,000
Maruhom, Abdul Bashit M. 1,350,000
ARTICLE VII.That the profit and losses shall be divided equally.

146
ARTICLE VIII.that should there be any additional contribution

made by a limited partner, such must be agreed upon by all the partners
in writing and duly recorded at least two (2) days after signing of same
agreement. Such contribution shall be amend Article VI of the article of
the partnership and in no case shall such amendments be done less
than one (1) year after the original recording of said partnership by the
security and exchange commission.
ARTICLE IX. That the contribution of each limited partner may be

returned to him/her three (3) years after the original recording of the
said partnership by the security and exchange commission.
ARTICLE X. that the limited partner may be given the right to

substitute an assignee as contributor in his place, provided that he has
duly notified his partners in writing, stating the reasons therefor, five (5)
days before effectivity said substitution.
Provided further than such limited partner has already settled his
obligation to the partnership prior to the contribution of substitution..
ARTICLE XI. that a partner may admit an additional limited

partner, provided that the other partners have been duly notified in
writing five (5) days before effectivity of admission and duly concurred by
all the partners in writing.
ARTICLE XII. That the remaining general partners or partners

shall have the right to continue the business in cases of death,
retirement, civil interdiction, insanity or insolvency of a general partner.
147
ARTICLE XIII. That the firm shall be under the management of

Hamza L. Alonto, as a general manager and as such he shall be in charge
of the management of the affairs of the partnership.
ARTICLE XIV. that the partners willingly undertake to change the

name of the partnership immediately upon receipt of notice/ directive
from securities and exchange commission that another partnership,
corporation, or person has been declare misleading, deceptive,
confusingly similar to a registered name or contrary to public morals, god
customs or public policy.
IN WITNESS WHEREOF, We have here unto set our hand this 17th
day of January 2018 at Iligan City, Philippines.
Alang, Abedin H.M. Uy, Delmar

TIN: TIN:
Alonto, Hamza L. Antiquina, Juliet S.

TIN: TIN:
Campong, Ahmed F. Lacar, Ma. Carla Mae C.

TIN: TIN:
Cayandato, Al-Rayan Nuska, Princess Neharah

TIN: TIN:
Maruhom, Abdul Bashit M.

TIN:
148
ACKNOWLEDGEMENT
City of Iligan
BEFORE ME, A notary Public, for and in Iligan City, Philippines,

this 17th day of January 2018, personally came and personally appeared
the following person with their community Tax Certificate as follows:
Name CTC# DATE PLACE

ISSUED
Alang, Abedin H.M. Iligan city

Uy, Delmar Iligan city
Alonto, Hamza L. Iligan city
Antiquina, Juliet S. Iligan city
Campong, Ahmed F. Iligan city
Lacar, Ma. Carla Mae C. Iligan city
Cayandato, Al-Rayan Iligan city
Nuska, Princess Neharah Iligan city
Maruhom, Abdul Bashit M. Iligan city
Known to me to be the same person who executed the

FOREGOING ARTICLES OF PARTNERSHIP, and they acknowledge to
me that the same letter is their voluntary act and deed.
WITNESS MY HAND AND SEAL on the date first above written.

149
Name : Hamza L. Alonto
Home Address :007, Dao St., 4th East
Tubod Rosario Heights,
Iligan City
Place of Birth : Quezon City, Manila
Date of Birth :September 5, 1997
Sex :Male
Religion : Islam
Civil Status : Single
Father’s Name :Ambrosi M. Alonto
Mother’s Name :Wardia L. Alonto
EDUCATIONAL ATTAINMENT
Elementary : La Salle Academy
Secondary :La Salle Academy
College : Masters Technological Institute of Mindanao
Course :Bachelor of Science in Accountancy

150
Name :Juliet S. Antiquina

Home Address :PazVillage, CaimitoStreet,
Gingoog City,
MisamisOriental
Place of Birth :Gingoog City
Date of Birth :July 26, 1998
Sex :Female
Religion :Roman Catholic
Civil Status :Single
Father’s Name :Joel B. Antiquina
Mother’s Name :Rosanna S. Antiquina
Elementary :Don RestitutoBaol Central School

Secondary :Gingoog City Colleges Inc.
College:
School : Central Mindanao University
Address :University Town, Musuan, Maramag, Bukidnon
Dates Attended : June 2015 – March 2017
School :Masters Technological Institute of Mindanao

Address : MTIM Bldg. Fortaleza St. Cor. De Leon St.
Poblacion, Iligan City
Dates Attended :June 2017 – March 2019
151
Name : Delmar Joe M. UY

Home Address :Andrada CompoundMahayahay
IliganCity
Place of Birth :Iligan City
Date of Birth : March 12, 1991
Sex :Male
Religion : Roman Catholic
Father's Name : Delgado B. Uy Jr.
Mother's Name : Maria M. Uy
Elementary :Norte Dame of Dadiangas University Integrated

Basic Education
Secondary :Norte Dame of Dadiangas University Integrated
Basic Education
Collegiate : Masters Technological Institute Of Mindanao
Course : Bachelor of Science in Accountancy
152
Name : Princess Neharah M. Nuska

Home Address : PanggaoSaduc, Marawi City
Place of Birth : Iligan City
Date of Birth : June 17, 1996
Gender : Female
Religion : Islam
Father’s Name : Carnain D. Nuska
Mother’s Name : Cairon M. Nuska
Educational Attainment:
Elementary : Jamiatul Philippine Al-Islamia

Secondary : Jamiatul Philippine Al- Islamia
College : Master’s Technological Institute of Mindanao
Course : Bachelor of Science in Accountancy
Motto : “A gem cannot be polished without fiction, nor

a man perfected without trials.” –Seneca
153
Name : Ahmed F. Campong
Home Address : Block 3 Lot 9 Erlinda Village
Subdivision Del Carmen
Iligan City
Date of Birth : August 28, 1996
Sex : Male
Religion : Baptist
Father's Name :Acmad G. Campong (Deceased)
Mother's Name :Myrla R. Fuentes
Elementary :Sto. Nino Academy De Iligan
Secondary :Sto. Nino Academy De Iligan
College: 1st Course : Saint Michaels College of Iligan City

(Graduated)
2nd Course : Master Technological Institute of Mindanao

Course
1st course : Bachelor Science in Accounting Technology
2nd course : Bachelor of Science in Accountancy
Motto :"Keep striving for your dreams, failure and

rejections are part of your path, one day success
will come."
154
Name :Cayandato N.Al-rayan
Home Address :MahayahayPagasast, Iligan city
Place of Birth :Tamparan Proper L.D.S
Date of Birth : December 21,1994
Sex :Male
Religion : Islam
Father's Name :CayandatoO.Manalao
Mother's Name :NailaA.Manalao
Elementary :Tamparan Proper elementary school.
Secondary :As-Salihien Integrated Scholl Foundation
College :Master’sTechnologicalInstitutes of Mindanao
Course :Bachelor of Science Accountancy

155
Name : Ma. Carla Mae C. Lacar
Home Address :Prk 3 Camague High Way
iligan City
Date of Birth : March 27, 1993
Sex : Female
Religion : Roman Catholic
Father's Name : Eduardo I. Lacar
Mother's Name : Norma C. lacar
Elementary : Tomas Cabili Central School
Secondary : Tomas Cabili National High School

156
Name : Abdulbashet B. Maruhom
Home Address :Noria, Pala-o, Iligan City
Place of Birth :Marawi City,
Date of Birth : June 17, 1993,
Sex : Male
Religion : Islam
Civil status : Single
Father's Name :Busar M. Maruhom
Mother's Name : Nora B. Maruhom
Educational Attainment
Elementary :Marinaut Elementary School
Secondary : MSU-LNCAT

157
Name :Abedin H.M. Alang
Home Address :BagongSilang, Iligan city
Place of Birth :Marawi City
Date of Birth : December 29, 1997
Sex : Male
Religion : Islam
Father's Name :Alang S. Dimaongun
Mother's Name :Dibolawan C. H.Moctar
Elementary :Bansayan Elementary School
Secondary :St. Peter's College
College :Master’s Technological Institutes of Mindanao

This It Thesis

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This It Thesis

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1

Sports as part of Philippines’ culture, promotes

In conducting this study, it will give an overview in the

Furthermore, Sport facility, are places and things for doing

Moreover, this study focuses about a sport facility/ complex

This study is conducted to evaluate the feasibility of having a rent

Objective of the Study

 To provide opportunities and accommodate the athletes or

ambiance, amenities, facility, and accommodation in the

The proposed project will be named as “La Centro Atletico

La Centro Atlético de Iligan came from the Spanish

The La Centro Atlético de Iligan will construct upon this

Figure 1.Site Evaluation

This site is conveniently situated within the boundaries of

Overall, the complex site is very suitable and ideal in term

Brief Description of the Project

The proposed business started on November 27, 2018. It

Thus, the business is composed of partners. Consequently

Vision, Mission and Objectives

To be the center of athletic engagements that could help

To provide a quality service that could help develop the

To create a world-class athletic facility that caters to the

La Centro Atlético de Iligan shall:

 Develop the enthusiasm to sports of the people.

 Provide a healthy and friendly environment to the sports

This feasibility study is conducted in order to find out, if it is

Furthermore, this chapter discusses the identification of its target,

The primary target of the “La Centro Atlético de Iligan” are

Iligan City has a number of academic institutions which offers

The primary target of La Centro Atletico de Iligan are young sport

Due to large number of sports enthusiasts that may become the

DEMAND DATA AND COMPUTATION

The following graphical representations on the succeeding pages

questionnaires and information taken from the Office of the Registrar of

Furthermore, as illustrated in the succeeding tables the

TABLE 1: Total population of students in different schools for five

The average growth rate computation can be obtained from the

Previous Year x 100 %

As illustrated in Table 2, using the formula and the data gathered

TABLE 2 .DO YOU WANT TO PLAY IN A SPORTS COMPLEX

As shown in the above table, 100% of the respondents answered

TABLE 4: PROJECTED DEMAND

2018-2019 7,590 100% 7,590

Total Average ≈ 8,075

SUPPLY DATA AND COMPUTATION

Projected supply of courts will be taken from the maximum

TABLE 5: LIST OF RENTAL COURTS/ GYMNASIUM THAT OFFERS COURTS

The five (5) courts or gymnasium surveyed and taken yielded an

aforementioned number of athletes of the five (5) courts or gymnasiums

Analysis of Demand and Supply

Projected Projected Excess of La Centro % of full

8,075 340 7,735 20 0.26%

As shown in the above table, the projected demand amounted to

In determining the competitors strength and weaknesses we have

 Exclusive playing area for players.

 Competitors that offer affordable rate per hour per day.

One of the considerations in formulating the marketing strategy:

The La Centro Atletico de Iligan provides a quality service and

Also, La Centro Atletico de Iligan can accommodate and cater

La Centro Atletico de Iligan proposed a competitive rate on a

said rate will be tantamount to the whole duration intended to be

La Centro Atletico de Iligan is suitable and ideal with regard to the

Indeed, La Centro Atletico de Iligan is accessible enough to the