I LIGHT

“Brighten Up Your Future”

In partial fulfillment
For the subject
APPLIED ENTREPRENEURSHIP
Accountancy, Business and Management
Senior High School
Palawan National School
S.Y. 2019-2020

By:
ABELAR, Donna Joy
ABRIOL, Giahnne Ruth Andrei
ARBADO, Shien Anne
NALING, Dorothy Kate
NOMBRE, Jeanlyn

To:
Wilma N. Berdejo

October 2019

1
 Republic of the Philippines
Department of Education
Region IV MIMAROPA
Division of Puerto Princesa City
PALAWAN NATIONAL SCHOOL
SENIOR HIGH SCHOOL

This feasibility study about “I LIGHT” prepared and submitted by Giahnne Ruth

Andrei Abriol, Donna Joy Abelar, Shien Anne Arbado, Dorothy Kate Naling and Jeanlyn

Nombre in partial fulfillment of the requirements in Applied Entrepreneurship has been

examined and recommend for approval and acceptance.

WILMA N. BERDEJO
Applied Entrepreneurship Teacher

EDUARDO G. SANTOS
School Principal

SHIELA M. CAAB JOSEPH R. PINOS

Class Adviser Assistant Principal

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 Project Summary

I Light Company is located at San Manuel, Puerto Princesa City, National High Way.

I Light helps both the students in Junior High, Senior High and College levels and the

environment in their needs of help in security of their desired future. I Light lends light to

help the students in finishing their tasks, and help the environment to lessen the wastes

it receives by upcycling the used materials into a useful product.

I Light will use its capital in developing and accomplishing the company’s product goals.

In reaching its projected income, doubling up its sales, expand the distribution, and

improve the company’s objectives.

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 Acknowledgement

We would like to have this opportunity to send our gratitude for these people who

helped us throughout this time to accomplish this feasibility study for our subject Applied

Entrepreneurship under Mrs. Wilma Berdejo.

First, thank you Lord for guiding us and giving us strength, patience and

knowledge. Second is Mrs. to Wilma Berdejo, for guiding and teaching us upon doing

this feasibility study, and for all the teachers who also share their understanding and

knowledge that gave a big help to us. Third are our parents, who never gave up in

providing us financially and motivating us morally. And lastly is our group, for having

unity, to comply all the needs, through ups and downs, we finally accomplished this

feasibility study.

Thank You!

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 TABLE OF CONTENTS

Title Page . . . . . . . . . . .1
Project Summary . . . . . . . . . .2
Approval Sheet . . . . . . . . . .3
Acknowledgement . . . . . . . . . .4
Table of Contents . . . . . . . . . .5
CHAPTER I INTRODUCTION
Background of the Study . . . . . . . . .7
Vision . . . . . . . . . . . .8
Mission . . . . . . . . . . .9
Objectives . . . . . . . . . . .9
Significance of the Study . . . . . . . . .9
Scope and Delimitation . . . . . . . . . 10
Definition of Terms . . . . . . . . . . 11
CHAPTER II MARKETING ASPECT
Product of Description . . . . . . . . . 12
Distribution of Respondents . . . . . . . . 13
Table for Projected Supply . . . . . . . . . 14
Table for Projected Demand . . . . . . . . 14
Demand and Supply Analysis . . . . . . . . 14
Factors Affecting the Markets . . . . . . . . 15
Marketing Program . . . . . . . . . . 15
CHAPTER III MANAGEMENT ASPECT
Basic Considerations . . . . . . . . . 16
Assumptions . . . . . . . . . . . 16
Organizational Structure . . . . . . . . . 17
Organizational Chart . . . . . . . . 17

5
 Job Specification . . . . . . . . . 18
Job Description . . . . . . . . . 19
Employee Remuneration . . . . . . . . . 21
Schedule of Work . . . . . . . . . . 22
Labor Requirements . . . . . . . . . 22
CHAPTER IV TECHNICAL ASPECT
Project Description . . . . . . . . . . 23
Desirability of Location . . . . . . . . . 23
Preparation of the Ground . . . . . . . . . 23
CHAPTER V FINANCIAL ASPECT
Expenses . . . . . . . . . . . 26
Projected Income Statement . . . . . . . . 34
Projected Balance Sheet . . . . . . . . . 35
Projected Cash Flows . . . . . . . . . 36
CHAPTER VI SOCIO-ECONOMIC ASPECT
Qualitative Effect . . . . . . . . . . 37
Quantitative Effect . . . . . . . . . . 38
Wage of Laborer . . . . . . . . . .
BIBLIOGRAPHY
Appendices . . . . . . . . . . .
Appendix A Documentation . . . . . . . 42
Appendix B Letter for Approval . . . . . . .
Appendix C Table for Employees Contribution . . . . .
SSS
PhilHealth
Pag-IBIG
Curriculum Vitae . . . . . . . . . . 44

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 Chapter I
Introduction

Background of the Study

Lampshade is a fixture made to cover the lightbulb on a lamp to diffuse the light it

emits.

It is said that the first incandescent light bulb was produced in 1879. It was the

year that Joseph Swan and Thomas Edison invented the incandescent filament electric

lamp. Initially made of paper and the shade’s primarily function was to disperse the light

equally throughout the room and protect the eyes from its harsh glare.

The lampshade took a new aspect when Queen Victoria (1837-1901) reigned, it

was called Victorian which remains popular until the present.

At the beginning of the 20th century, the popularity of Tiffany lampshades

signaled a boom. It was produces by an American artist and designer named Louis

Comfort Tiffany as the 19th century was closing.

And until these days, lampshades are still continuously being designed and

styled for the purpose of suiting it exactly to every home and needed.

As I Light manufacturers decided to make a new lampshade product, they also

considered the effects that they might bring to the environment, its benefits to the

customers and how helpful this product could be in different aspects. The “I light”

product is a Lampshade which is made of the recycled materials like used cardboard,

7
and woods. The light used in the Lampshade is LED light 5-10 watts which can reduce

lesser electricity bill than common lights used at home. It also have different shapes of

shades, colors, and designs that would fit different likes and preferences of the

customers. The manufacturers have their own original design and the customers can

request the design that they want to apply in the product, yet the materials to be used

are the recycled materials which the product originally had. The manufacturers allow the

customers to make their own designs for their preferences. The original design of

lampshade can be put only to study table which can provide limited area to the table

wherein the students can focus and do their school works. The chosen design of the

customers can be putted on the small tables in their rooms as a décor, it depends on

the types of design that the customers have chosen. But the product is not applicable to

the place that does not have electricity. The manufacturers also plan to distribute I Light

products to National Bookstores for the improvement of product distribution and be

known to students who often buys at these places.

The manufacturers made this product to help their target markets have cheap

lampshade but very useful and affordable for their study tables. The manufacturers

wants to help the students to save money and lessen their electricity bills at home. And

also to help the environment in reducing the increase of waste disposal.

Vision

See I Light as one of businesses that generates economic importance and

continues helping its customers.

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Mission

I Light is aiming to provide a convenient environment through lending light. To

contribute a great help to nature by upcycling the expected wastes. We help the

students and environment, because we aims for their better future ahead.

Objectives

 To help the students in working at nights conveniently.

 To help the students have a convenient place with lesser bills.

 To help the environment lessen the wastes it receives, instead upcycles it.

 To create a business that generates income and helpful.

Significance of the Study

I Light production will give benefits to the following:

A. Students

The I Light is made to help the Students finish their school works that they

bring to their homes, conveniently. It will lend them light, that is directly to their

works, for that they would be able to focus themselves in working and finish their

tasks at nights.

B. Parents

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 It will be a great help for parents as they would be able to buy their

children a thing that they need in cheaper price and for the lower electricity bills.

C. Environment

As I Light is an upcycled product, the materials that we used to create this

product were those already used ones. Through that, the manufacturers will able

to help the environment to lessen the waste disposal, instead they turned it into a

product. I Light production aimed not only to produce products for the benefits of

its target customers, but also, to help the Earth from getting drawn of garbage.

Scope and Delimitation

I Light is an upcycled product made of used materials such as card board and

woods. The product was particularly made for students in junior high, senior high and

college levels, to help them in their school works at nights, by lending them light to have

a convenient environment.

I Light manufacture place will be located at National Highway Barangay San

Manuel between the Robinson’s mall and Go Hotel, Puerto Princesa City. The product

manufactured from there will also be distributed to National Bookstores establishments

and in the malls for the purpose of displaying it to the places where customers could

easily see it.

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Definition of Terms

 I Light – product name of the business plan, meaning that the lampshade will

lend light.

 FIFO (First In, First Out) – a method used by I Light company for their delivery of

products. It means that a customer should pay first before the order will be

delivered.

 Convenient Environment – comfortable environment that I Light product benefits

to the customers.

 Upcycled Product – a product made form used materials

 Innovation – developing and improving the product in different aspects (quality,

design, features, etc.)

 Respondents – a term used in exchange of target customers in the paper

 Target Market – term used to describe the poll of people/customers that the

product is aiming to attract.

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 Chapter 2
MARKETING ASPECT

Product Description

Students would always have requirements that they finish at homes, lessons that

they need to catch up or like to read in order to be advanced. Sounds frustrating, but I

Light will help you feel comfortable. It lends not a simple light that brings up convenient

environment and would rise up that kind of feeling that you do not need to exert a lot of

effort.

I Light does not just help studying, but also saves your money, and reuse the

expected to be wasted. It saves you from piling up your stress because of unfinished

requirements, sit and work comfortably, I Light will provide a convenient working place.

If your electric bills were too high before, a little change of I Light would be preferable,

average price and lower electric bills is being offered by I Light. Earth is being ruined

because of garbage, instead I Light uses used materials to create an upcycled product

that could both help the environment and students.

I Light is designed to put on a study table, as it will lend a direct light to a

particular limited place. Place your to-be-done tasks there and I Light will brighten it.

I Light is a business that has one product line and offers 3 widths, and 3 lengths.

The

Sample size:

The researcher used the PAGOSO formula in getting sample size.

12
 N
n=
1+ ( e ) ²

Table 1.A.
Student Respondents
Number of
Levels N %
Population
College 20,896 16 32
Senior High 7,633 19 38
Junior High 21,300 15 30
Total 49,829 50 100

Table 1. B
Buyer Respondents

Levels No. of Buyer N %

College 2 2 40
Senior High 1 1 20
Junior High 2 2 40
Total 5 5 100

Table 2.
Historical Demand

Year Time Y XY X2
2015 1 248 248 1
2016 2 261 522 4
2017 3 274 822 9
2018 4 289 1,156 16
2019 5 304 1,520 25

Note: 5% increase per year.

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 Table 3.
Projected Demand
Year Demand
2020 1,623,130
2021 1,531,417
2022 1,736,626
2023 2,233,225
2024 2,532,477
Note: 5% increase per year.

Table 5.
Historical Supply

Year Time Y XY X2
2015 1 160 160 1
2016 2 168 336 4
2017 3 176 528 9
2018 4 185 740 16
2019 5 194 970 25

Note: 5% increase per year.

Table 6.
Projected Supply
Year Demand
2020 1,159,635
2021 1,217,617
2022 1,278,498
2023 1,342,423
2024 1,510,887
Note: 5% increase per year.

Table 7.
Demand and Supply Analysis
Year Projected Projected Market Gap Market share
Demand Supply (in items) 90%
2020 1,623,130 1,159,635 463,495 417,145.5
2021 1,531,417 1,217,617 316,800 285,120
2022 1,736,626 1,278,498 458,128 412,315.2

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 2023 2,233,225 1,342,423 890,802 801,721.8
2024 2,532,477 1,510,887 1,021,590 918,531

Note: 5% increase per year.

Factors Affecting the Market

Increase in demand:
1. Students Population growth;
2. Pricing strategy; and
3. Improvement of the product
Decrease in demand:
1. Existence of competitors.
Increase in supply:
1. Increase of raw materials (cardboards & woods).
Decrease in supply:
1. Decrease of raw materials (cardboards & woods). ; and
2. Existence of the business with the same raw materials.
Marketing program

. This aspect of the study is to make the product known popular. The

advertisement will be aired through local T.V. station and FM radio in Puerto Princesa.

A poster advertisement of product and services will be posted in a strategic area so that

the whole / entire town will know it.

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 Chapter 3
MANAGEMENT ASPECT

The name of the business is “I Light”, which will be located at National Highway

Barangay San Manuel between the Robinson’s mall and Go Hotel.

The project will be using a Partnership kind of business, the manufacturers will

be the ones who will manage and produce the business.

Basic Consideration

The I Light business purposes are to gain more customers and profit, engage

innovation of practice and sustainable development, to pay taxes regularly, to help

customers to do their works conveniently and lessen their electric bills, to help others to

their financial needs by giving them a work, and to help the community to lessen the

waste disposal.

Assumptions

1. The capital of the business is 1 million pesos.

2. The area size of the business where it will be manufacture is 100 meter 2.

3. The location will be at National Highway Barangay San Manuel, Puerto

Princesa City, Palawan.

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 Organizational Chart

Owners

Manager

Production Marketing Finance Administrative

Department Department Department Department

Sales Finance Security

Designer Personnel
Consultant Officers

Lampshade Delivery Cleaning

Producer Driver Officer

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Job Description:

Manager

 Also known as managing Directions or Chief operating officer.

Managers are tasked with overseeing daily business activities,

training overall business functions, training heads of departments

managing budgets, developing strategic plans, creating policies

and communicating business goals.

Finance Personnel

 Responsible for the financial information of the business. Record

and also analyzes the financial status of the business.

Security Officers

 Ensure the safety and security of people, premises and to properly

ensure you maintain a calm and professional manner at all times

and to ensure that all aspect such as evacuation to carry out any

other security officer related tasks as required by the business.

Designer

 Designs and illustrates a lampshade product to be produced.

Sales Consultant

 Talks and answers for the questions of the customers. A sales

consultant will assist the customers when they are inside the

business place.

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 Lampshade Producer

 The ones who produces the shade, stand and base of a

lampshade.

Delivery Driver

 To distribute products promptly to our customers. Delivery drivers

will represent the company in a professional and cost effective

manner to increase the company's profitability and customer’s

satisfaction. Follows routes and time schedule. Load, unload,

prepare, inspect and operate a delivery vehicle.

Cleaning Officer

 Clean designated office/home facility areas (Dusting, sweeping,

vacuuming mopping and cleaning units). And maintains the

cleanliness and neatness of the place.

Job Specification

Manager

 College Graduate

 Bachelor Degree

Finance Personnel

 College Graduate

 Bachelor/Master of Accountancy/ Business and Administration

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Security Officers

 Good interpersonal relations, leadership and organizational skill

 assist with training

 Communication and approval of daily report

 Observe for any conditions that my create security concerns or safety

hazards

 Monitor for the presence of unauthorized persons

 Minimum Two (2) years of security experience

Designer

 College Graduate/ Senior High School Graduate

 Have/ Studied Arts and Design

 Have marketing skills

Sales Consultant

 At legal age to work

 Has a flexible personality

 Good at assisting

 Knows the product the business is being offered

Lampshade Producer

 College Graduate/ Senior High Graduate

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  Studied as Industrial Arts

 Have knowledge of repairing and assembling

 Can do labor works

Delivery Driver

 Valid professional driver license

 •Good driving record with no traffic violations

 High school degree

 Proven working as a delivery driver

 Ability to follow maps, and locations.

Cleaning Officer

 On Legal Age to work

 Can do cleaning works

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Schedule of Salaries

Position Per Day Per Month Per Year

Manager 850 25500 306000

Finance Personnel 500 15000 180000

Security Officer 350 10500 126000

Lampshade Producer 250 7500 90000

Designer 230 6900 82800

Sales Consultant 210 6300 75600

Delivery Driver/
150 4500 54000
Wednesday & Saturday

Cleaning Officer/on call 100 3000 36000

Schedule of Work

The Manager official time will be from 8:00am- 5:00pm. The working days will be

from Monday to Saturday. The workers and employees will start from 8:00am-5:00pm.

The manager is responsible for the day-off of the workers and employees, and will be

the one to set up their leave, if it is valid or not.

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 Labor Requirement

The manager will be the one who is responsible for the hiring of applicants. The

applicants will have to undergo in an interview and actuals, to make sure that they are

qualified for the following job, the applicants must comply all the requirements needed

during interview and perform the expected actual, in order to be hired.

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 Chapter 4
TECHNICAL ASPECT

Project Description

The business name will be “I LIGHT”. The product’s construction design will be

appeared as a shade that is made of 4-sided isosceles trapezoids and a square that

covers its upper part. The stand has made by different shapes, depends upon the

illustrated design by the designer. And the base appearance will be in between 4-sided

or round shapes. This product will help the students to have convenient work place and

work comfortably at night.

Desirability of Location

The city of Puerto Princesa where the product can be placed, has a great deals

when it comes to the quantity of students, and where the needed raw materials can be

supplied.

Preparation of Ground

The disposal of the waste is by providing a trash can inside and outside the

warehouse, and will be collected by the garbage truck.

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Buying and Delivery Schedule

From Monday to Saturday

Buying time:

Morning Afternoon
8:30 AM-12:OO NN 1:00 PM- 5:30 PM

Delivery Time

The days of delivery are every Wednesday and Saturday, because the

manufacturers estimated the shipping process consume 3 to 4 days. For the delivery

will be two times a week, the distribution of the product will be easily done. Business will

use LIFO strategy or “last-in, first-out”, for the safety of payment of the ordered product,

and this method will results in lesser taxable income and lesser income tax than FIFO

(first-in, first-out) method.

Procedure in Operation

1. From I Light, the lampshade will be distributed to National Bookstores, in the

malls and establishments, where the lampshade can be displayed.

2. The product will transport using plastic wrap through public delivery.

3. Upon arrival of product, it will be replaced in box so that the quality of the

product will still be granted.

Source of Needed Materials

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 The needed materials will be purchased from the Supershop Hardware and

Central Junkshop.

Prospective Customers and Suppliers

The target Suppliers are Hardware Shops who sells the raw materials used such

as lightbulb, socket, wires, and plug to manufacture I Light, and people who sells card

boards and woods.

The target customers are those students who are in junior, senior and college

years. Because they tend to have a lot of school requirements that they needed to be

done in a given deadline, so they will make their tasks even at nights, and I Light will

lend light for their convenient working.

Chapter 5

26
 Financial Aspect
Financial assumptions:

1. The operations period of the business is from Jan. 2011 to Dec. 2015.

2. Working days will be from Monday to Saturday.

3. The salary will increase 2% every year.

4. Rent a space costs 50,000 annually.

Schedule 1
Furniture
Description Quantity Unit Price Amount
Wooden Chairs 4 1,500.00 6,000.00
Wooden Table 1 2,500.00 2,500.00
Transparent
1 5,000.00 5,000.00
Cabinet
Total:     13,500.00

Schedule 2
Equipment and Facilities
Description Quantity Unit Price Amount
Printer 1 8,000.00 8,000.00
Air cooler 1 7,000.00 7,000.00
Computer 1 10,000.00 10,000.00
Total:     25,000.00

Schedule 3
Rent Expense
Description Quantity Unit Price Amount
Space Rent 1 50,000 50,000

Schedule 4

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 Store Supplies Expense
Description Quantity Unit Price Amount
Ball pen 6 6 36
Paper 6 15 90
Record Book 2 20 40
Packaging:
20 10 200
Cardboard
Ink 1 250 250
Bond Paper 1 230 230
Scissors 1 10 10
Stapler 2 10 20
Cutter 2 10 20
Packing Tape 2 30 60
Garbage Bag 2 25 50
Trash cans 2 50 100
Total:     1,106.00

Schedule 5
Electricity Expense
Monthly
Description Per Year
Bill
    2020
Electric Bill 900 10,800.00

Schedule 6
Salaries and wages
Position Per Day Per Month Per Year
Manager 850 25500 306000
Finance
15000 180000
Personnel 500
Security Officer 350 10500 126000
Lampshade
250 7500 90000
Producer
Designer 230 6900 82800
Sales
210 6300 75600
Consultant
Delivery Driver/
Wednesday & 150 4500 54000
Saturday

28
Cleaning
100 3000 36000
Officer/on call
TOTAL     950400

Schedule 7
Advertising Expense
Cost/Mont
Description 2015
h
Advertising
500 6,000.00
Expense

Schedule 8
Permit and License
Expense
Initial Annual
1,250.00
Tax
Mayor’s Permit 850
Sanitary
Business 600
Permit
Other Fees 450
TotaL 3,150.00

Schedule 9
Transportation Expense
Cost/Mont
Description 2012
h
Transportation
1000 12,000.00
Expense

Schedule 10
Depreciation Expense
Annual
Description Cost Depreciatio
n   2020
         

29
 Equipment and
25,000 5 25,000.00
Facilities 5000
Furniture 13,500 5 13,500.00 2700
Total:     38,500.00 7700

SALES

Schedule 11
2020 (Customers)
Net Ave. Selling
Products Product Less: Spoilage Purchase price Total Sales
  in Unit Allowance (3%)      

I Light 1,680.00 50.40 1,629.60 450.00 733,320.00

           

Schedule 12
2020 (Businesses)
Net Ave. Selling
Products Product Less: Spoilage Purchase price Total Sales
  in Unit Allowance (3%)      

I Light 2,160.00 64.80 2,095.20 435.00 911,412.00

           

Schedule 13
2021 (Customers)
Net Ave. Selling
Product Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 1,764.00 52.92 1,711.08 486.00 831,584.88

           

Schedule 14
2021 (Businesses)
Product Product Less: Spoilage Net Ave. Selling Total Sales

30
 Purchase price
  per Unit Allowance (3%)      

I Light 2,268.00 68.04 2,199.96 469.80 1,033,541.21

           

Schedule 15
2022 (Customers)
Net Ave. Selling
Product Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 1,852.20 55.57 1,796.63 524.88 943,017.25

           

Schedule 16
2022 (Businesses)
Net Ave. Selling
Product Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 2,381.40 71.44 2,309.96 507.38 1,172,035.73

           

Schedule 17
2023 (Customers)
Net Ave. Selling
Products Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 1,944.81 58.34 1,886.47 566.87 1,069,381.57

           

Schedule 18
2023 (Businesses)
Products Product Less: Spoilage Net Ave. Selling Total Sales
  per Unit Allowance (3%) Purchase price  

31
    

I Light 2,500.47 75.01 2,425.46 547.97 1,329,088.52

           

Schedule 19
2024 (Customers)
Net Ave. Selling
Products Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 2,042.05 61.26 1,980.79 612.22 1,212,678.70

Schedule 20
2024 (Businesses)
Net Ave. Selling
Products Product Less: Spoilage Purchase price Total Sales
  per Unit Allowance (3%)      

I Light 2,625.49 78.76 2,546.73 591.81 1,507,186.70

           

PURCHASES
Schedule 21
2020
Total No. Per Ave. Purchase
Materials No. of units Total purchases
year price

Lightbulb 320 3,840.00 20.00 76,800.00

Lightbulb Socket 320 3,840.00 15.00 57,600.00
Wire 320 3,840.00 20.00 76,800.00
Plug 320 3,840.00 20.00 76,800.00
Lightbulb String
320 3,840.00 23.00 88,320.00
switch
Card Board 320 3,840.00 10.00 38,400.00
Wood 320 3,840.00 15.00 57,600.00
Nails 320 3,840.00 8.00 30,720.00

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 Rugby 320 3,840.00 23.00 88,320.00
Paint 320 3,840.00 25.00 96,000.00
Varnish 320 3,840.00 25.00 96,000.00
Total 204.00 783,360.00

Schedule 22
2021
No. of Ave. Purchase
Materials Total No. Per year Total purchases
units price

Lightbulb 336 4,032.00 21.00 84,672.00

Lightbulb Socket 336 4,032.00 15.75 63,504.00
Wire 336 4,032.00 21.00 84,672.00
Plug 336 4,032.00 21.00 84,672.00
Lightbulb String
336 4,032.00 24.15 97,372.80
switch
Card Board 336 4,032.00 14.25 57,456.00
Wood 336 4,032.00 15.75 63,504.00
Nails 336 4,032.00 8.40 33,868.80
Rugby 336 4,032.00 24.15 97,372.80
Paint 336 4,032.00 26.25 105,840.00
Varnish 336 4,032.00 26.25 105,840.00
Total 217.95 878,774.40

Schedule 23
2022
No. of Ave. Purchase
Materials Total No. Per year Total purchases
units price

Lightbulb 352.8 4,233.60 22.05 93,350.88

Lightbulb Socket 352.8 4,233.60 16.54 70,013.16
Wire 352.8 4,233.60 22.05 93,350.88
Plug 352.8 4,233.60 22.05 93,350.88
Lightbulb String
352.8 4,233.60 25.36 107,353.51
switch
Card Board 352.8 4,233.60 14.96 63,345.24
Wood 352.8 4,233.60 16.54 70,013.16
Nails 352.8 4,233.60 8.82 37,340.35
Rugby 352.8 4,233.60 25.36 107,353.51
Paint 352.8 4,233.60 27.56 116,688.60
Varnish 352.8 4,233.60 27.56 116,688.60
Total 968,848.78

33
 Schedule 24

2023
No. of Ave. Purchase
Materials Total No. Per year Total purchases
units price

Lightbulb 370.44 4,445.28 23.15 102,919.35

Lightbulb Socket 370.44 4,445.28 17.36 77,189.51
Wire 370.44 4,445.28 23.15 102,919.35
Plug 370.44 4,445.28 23.15 102,919.35
Lightbulb String
370.44 4,445.28 26.63 118,357.25
switch
Card Board 370.44 4,445.28 15.71 69,838.13
Wood 370.44 4,445.28 17.36 77,189.51
Nails 370.44 4,445.28 9.26 41,167.74
Rugby 370.44 4,445.28 26.63 118,357.25
Paint 370.44 4,445.28 28.94 128,649.18
Varnish 370.44 4,445.28 28.94 128,649.18
Total 1,068,155.78

2024
No. of Ave. Purchase
Materials Total No. Per year Total purchases
units price

388.96
Lightbulb 4,667.54 24.31 113,468.58
2
388.96
Lightbulb Socket 4,667.54 18.23 85,101.43
2
388.96
Wire 4,667.54 24.31 113,468.58
2
388.96
Plug 4,667.54 24.31 113,468.58
2
Lightbulb String 388.96
4,667.54 27.96 130,488.86
switch 2
388.96
Card Board 4,667.54 16.50 76,996.54
2
Wood 388.96 4,667.54 18.23 85,101.43

34
 2
388.96
Nails 4,667.54 9.72 45,387.43
2
388.96
Rugby 4,667.54 27.96 130,488.86
2
388.96
Paint 4,667.54 30.39 141,835.72
2
388.96
Varnish 4,667.54 30.39 141,835.72
2
Total 1,177,641.74

Projected income statement

I LIGHT
PROJECTED INCOME STATEMENT
FOR THE YEAR 2020 - 2025

  2020 2021 2022 2023 2024

Sales (Customers) 733,320.00 831,584.88 943,017.25 1,069,381.57 1,212,678.70
Sales (Businesses) 911,412.00 1,033,541.21 1,172,035.73 1,329,088.52 1,507,186.38
Cost of Goods Sold 783,360.00 878,774.40 968,848.78 1,068,155.78 1,177,641.74
Gross profit 861,372.00 986,351.69 1,146,204.21 1,330,314.31 1,542,223.33

Less: Operating
Exp.

Electricity Exp. 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00

Salary Exp. 932,400.00 951,048.00 970,068.96 989,470.34 1,009,259.75
Advertising Exp. 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Rent Expense 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Licenses & Permit 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00
Exp.
Transportation 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
Expense
Depreciation Exp. 7,700.00 7,700.00 7,700.00 7,700.00 7,700.00
Store and Supplies 1,106.00 1,106.00 1,106.00 1,106.00 1,106.00
Expense
Total Operating 1,023,156.00 1,041,804.00 1,060,824.96 1,080,226.34 1,100,015.75
Expenses
Net Income Before -161,784.00 -55,452.31 85,379.25 250,087.97 442,207.59

35
Tax
Less: Tax Due 0.00 0.00 0.00 0.00 0.00
Net Income -161,784.00 -55,452.31 85,379.25 250,087.97 442,207.59

Projected Balance Sheet

I LIGHT
PROJECTED BALANCE SHEET
FOR THE YEAR 2020 - 2024

2020 2021 2022 2023 2024

Assets
Cash 807,416.00 759,663.69 852,742.94 1,110,530.90 1,560,438.49

Fixed Assets
Equipment & Facilities 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
Less:Acum.Depreciation 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00
Furniture 13,500.00 13,500.00 13,500.00 13,500.00 13,500.00
Less:Acum.Depreciation 2,700.00 5,400.00 8,100.00 10,800.00 13,500.00
Total Fixed Assets 30,800.00 23,100.00 15,400.00 7,700.00 0.00
Total Assets 838,216.00 782,763.69 868,142.94 1,118,230.90 1,560,438.49

Liabilities & Owners Equity

Owners Capital 1,000,000.00
Cash Beg.Balance 0.00 838,216.00 782,763.69 868,142.94 1,118,230.90
Add:Net Income -161,784.00 -55,452.31 85,379.25 250,087.97 442,207.59
Less: Drawings
Ending Capital 838,216.00 782,763.69 868,142.94 1,118,230.90 1,560,438.49
Total Lia. & Owners 838,216.00 782,763.69 868,142.94 1,118,230.90 1,560,438.49
Equity

36
 Projected Cash Flow

I LIGHT

PROJECTED CASH FLOW

FOR THE YEAR 2015 - 2019

2020 2021 2022 2023 2024

Cash Inflows

Net Income -161,784.00 -55,452.31 85,379.25 250,087.97 442,207.59

Add: Owners Capital 1,000,000.00
Depreciation expense 7,700.00 7,700.00 7,700.00 7,700.00 7,700.00
Cash Beg.Bal. 0.00 807,416.00 759,663.69 852,742.94 1,110,530.90
Total Inflows 845,916.00 759,663.69 852,742.94 1,110,530.90 1,560,438.49

Cash Outflows

Equipment &Facilities 25,000.00

Furniture 13,500.00 0.00 0.00
Drawings
Total Outflows 38,500.00 0.00 0.00 0.00 0.000000000

37
Cash Ending Balance 807,416.00 759,663.69 852,742.94 1,110,530.90 1,560,438.49

Chapter 6
SOCIO-ECONOMIC ASPECT

Qualitative Effects

This product is an upcycled that will help reduce the pre-valence of a community, not

only this but also the use of electricity that saves more energy consumption. I Light will

present the benefits and reasonable cost to make the product.

A. Proponents

This study will help to inform how to reduce things that are no longer profitable,

such as recycled, instead turning these into a beneficial product that could help the its

market and the environment.

B. Consumers

This study will help to understand how it can help the community and how it can

help the users to have a helpful product that will be both helpful for their studies and

savings.

38
C. Community

This study will help the community to eliminate waste, and to help the

environment on how to reduce the increase of non-usable things to make the most of it.

D. Government

This study will help the government from having a lot of works and encountered

problems regarding wastes.

Quantitative Effects

Year Net income from operation

2020 -273,102.72

2021 -201,809.06

2022 -103,104.67

2023 13,267.99

2024 149,971.29

Table 1-A
Frequency Distribution for the Respondents who use Lampshade.

F % Rank
Yes 20 40 2
No 30 60 1

39
 Total 50 100

The table shows that the respondents whom were conducted and gathered the

data from are not really using lampshade. This implies that only 40% of the students

from Junior High, Senior High and College out of 50 have bought and uses lampshades.

Table 1-B
Frequency Distribution for the Respondents who might buy an upcycled
lampshade product.

F % Rank
Yes 27 54 1
No 23 46 2
Total 50 100

The table shows that more than half of the respondents or 54% are willing to buy

an upcycled made lampshade, the remaining which is 46% answered no. This implies

that the majority of the respondents that the researchers have gathered up their data

are willing to buy and use I Light.

Table 1-C
Frequency Distribution for the Respondents who considers the feature of a
product.

F % Rank
Yes 37 74 1
No 13 26 2

40
 Total 50 100

The table shows that 37 out of 50, or 74% of the respondents consider the

feature of a product upon buying it. This implies that the researchers needs to focus on

the appearance of their upcycled product.

Table 1-D
Frequency Distribution for the Respondents who consider the quality of a
lampshade.

F % Rank
Yes 42 84 1
No 8 16 2
Total 50 100

The table shows that 84% of the respondents considers the quality of a product,

while the 8% answered no. This implies that the researchers must also work their

product to be a qualitied one.

Table 1-E
Frequency Distribution for the Respondents who consider the amount of the
lampshade.

F % Rank
Yes 31 62 1
No 19 38 2
Total 50 100
41
 The table shows that 62% of the respondents considers the amount of a

lampshade, while the remaining 38% do not. This implies that the majority of the

respondents need a cheaper lampshade.

Documentation

42
Appendix A. Documentation

43
 Curriculum Vitae

DONNA JOY F. ABELAR

091030802018
[email protected]

ADDRESS : Bgy. Mandaragat, PPC

BIRTHDAY : July 26, 2001
AGE :18 years old
CITIZENSHIP : Filipino
RELIGION : Catholic
FATHER’S NAME : Danilo Abelar
OCCUPATION : Fisherman
MOTHER’S NAME : Sherlita Abelar
OCCUPATION : Housewife

EDUCATIONAL BACKGROUND
PRIMARY : Mandaragat Elementary School
Bgy. Mandaragat, PPC
SY 2013-2014
SECONDARY
JUNIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2014-2018
SENIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2018-2020

44
GIAHNNE RUTH ANDREI ABRIOL
09063569872
[email protected]

ADDRESS : Bgy. Irawan, PPC

BIRTHDAY : November 18, 2002
AGE :17 years old
CITIZENSHIP : Filipino
RELIGION : Sevilla Catholic
FATHER’S NAME : Garry Abriol
OCCUPATION : Manager
MOTHER’S NAME : Analyn Abriol
OCCUPATION : Housewife

EDUCATIONAL BACKGROUND
PRIMARY : Sta. Rita Elementary School
Cayabyab St. Sta. Rita, Olongapo City
SY 2013-2014
SECONDARY
JUNIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2014-2018
SENIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC

45
 SY 2018-2020

SHIEN ANNE P. ARBADO

09187959777
[email protected]

ADDRESS : Hagedorn Rd., Blk. 7

BIRTHDAY : November 17, 2001
AGE :17 years old
CITIZENSHIP : Filipino
RELIGION : LDS-Methodist
FATHER’S NAME : Alex D. Arbado
OCCUPATION : Collector
MOTHER’S NAME : Ana Marie P. Arbado
OCCUPATION : Housewife

EDUCATIONAL BACKGROUND
PRIMARY : Wescom Elementary School
Wescom Rd, Bgy. San Miguel, PPC
SY 2013-2014
SECONDARY
JUNIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2014-2018
SENIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2018-2020

46
DOROTHY KATE V. NALING
09165283931
[email protected]

ADDRESS :
BIRTHDAY : June 22, 2002
AGE :17 years old
CITIZENSHIP : Filipino
RELIGION : Catholic
FATHER’S NAME : Alex D. Arbado
OCCUPATION : Private Employee
MOTHER’S NAME : Ana Marie P. Arbado
OCCUPATION : Private Employee

EDUCATIONAL BACKGROUND
PRIMARY : Mateo Jagmis Memorial Elementary School
Wescom Rd, Bgy. San Miguel, PPC
SY 2013-2014
SECONDARY
JUNIOR HIGH SCHOOL: San Miguel National School
Bgy. San Miguel, PPC
SY 2014-2018
SENIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2018-2020

47
JEANLYN M. NOMBRE
09197691940
[email protected]

ADDRESS : New Buncag, Mandaragat, PPC

BIRTHDAY : December 17, 2001
AGE :17 years old
CITIZENSHIP : Filipino
RELIGION : Iglesia Ni Cristo
FATHER’S NAME : Jimmy A. Nombre
OCCUPATION : Driver
MOTHER’S NAME : Vergelyn M. Nombre
OCCUPATION : Sel-Employed

EDUCATIONAL BACKGROUND
PRIMARY : Binga Elementary School
Binga, San Vicente, Palawan
SY 2013-2014
SECONDARY
JUNIOR HIGH SCHOOL: San Vicente National School
Poblacion, San Vicente, Palawan
SY 2014-2018
SENIOR HIGH SCHOOL: Palawan National School
H-Mendoza Street, Bgy. Model PPC
SY 2018-2020

48