THESIS "POLL"

We learn about Depreciation (Answers from profit and loss math problems are posted here!)

Hi readers!

Once again, I'm here to share a new lesson regarding Business Math! I can feel your enthusiasm going down. However, don't feel glum because I'll make this week's post as short as a mini skirt (sorry for the lame analogy lol!) and as sweet as an ice cream cake. :)

Photo from Real Simple

Did I make you hungry? I prefer you grab something to eat first so as to make learning and understanding more sweet and fun!

To get started, you need to know the terms:

Depreciation - is the lost in value of physical assets through its use.

Depreciation schedule -  is an accounting procedure for determining the amount of value left in a piece of equipment. (as gathered from wikipedia)

depreciation charges - are the yearly deposits into the depreciation fund.

depreciation fund - is the portions of a given amount at the end of its useful life or the difference between the original cost of the asset.

Book value of the asset - is the the sum in the depreciation fund at the end of the year.

Now that you have gotten to know the terms, it's time you apply what you've learned in this sample problem! 

I hope I had made the lesson as sweet and as easy as a piece of cake! Please feel free to comment if you have any, questions, concerns, suggestions, or remarks. I would really really really appreciate it if you do! :D 

Again, this is Kat, believing that, Business Math Can Be Sweet! :)

Profit and Loss math problem Answers:

1. Cost of goods sold = P9,586 

2. a) Net sales = P871,433.51 

    b) Gross profit = P294,113.11 

    c) Net profit = P244,827.13 

Checked by Prof. Crisencio Paner

Three awesome and mouth-watery? ...businesses to look up to!

Hi again readers! :)

I hope I had gained some faithful and loyal ones! I know It's too early to hope but hey, dreaming is allowed right? 


Since my last week's post is kinda full of terms and formulas, I decided to let you guys take a breather in this second post of mine. Of course, I haven't forgotten my promise to make business math sweet. However, I won't make this as sweet as a cupcake like I did last time but... I do promise to make it as sweet as a donut this time. 


Wanna find out why? Then, read along. 


As I thought of what topic to discuss with you in this second post, I've scrambled along the idea of why don't I share some interesting, successful and emerging businesses? (Uh-Oh I know what you guys are thinking. This won't be boring! Just keep reading. You'll be mouth-watery as you scroll down the page. Plus, there'll be more pictures and less words later on.) Okay, back to what I was saying. These businesses won't last and won't be successful if it weren't for business math. The advertising, the service, the quality of the products, the branding, etc.-all of these-business math holds them together. 


So to motivate you to learn business math, and as being a food lover, I've gathered three interesting, successful and emerging restaurant businesses I know that could inspire the business math skills out of you! Scroll down to see! :)


1. J.CO Donuts & Coffee

If America has Dunkin Donuts, Asia has J.CO Donuts and Coffee. It started in Indonesia in 2005. It has already won four awards (1 for Best Donut, 2 for Marketing, 1 for breakthrough campaign). Within its 4 years of operation it has already opened more than 100 outlets all through out Asia! Would you believe?! 100 outlets in 4 years?! It has of course, also opened a branch here in the Philippines at SM Megamall and SM Mall of Asia. J.CO plans to open more branches here in the country soon! 

Photo from The Pickiest Eater

J.CO Photo from The Pickiest Eater

Like Starbucks, what I think made J.CO popular besides the branding, awesome marketing strategy, and the breakthrough campaign is the signature taste of the products and the ambiance that they offer customers. 

J.CO Photo from Quiet Girl

They serve a wide variety of beautifully crafted donuts.

J.CO Photo from Tales from the Tummy

J.CO Photo from Trip or Treats

Their donuts, as most of the food reviewers and bloggers say, aren't as sweet as Krispy Kreme's. Most of them agree that J.CO Donuts (and J.Pops: photo above) have just the right amount of sweetness!

J.CO Photo from Tales from the Tummy

Al Capone, their signature donut. The toppings consist of yummy white chocolate and California almonds.

Besides, the famous J.CO donuts, J.Pops and J.Coffee, J.CO also serves J.Club (savory sandwiches), J.Cool (yogurts), and other types of beverages. To learn more, visit their website at: www.jcodonuts.com 

2. Big Better Burgers

Big Better Burgers (BBB) is an American style fast-casual restaurant which started here in the Philippines. It started last 2008 and yet it already has more than 10 branches nationwide. Ha! Now, we have another burger restaurant option besides Burger King. This emerging burger chain isn't supposed to be taken lightly as it has been blogged over and over and has even gained positive reviews not just from Filipinos but from foreigners as well! 

Photo from Flair Candy
Their Araneta Center Cubao branch got nice resto interior.

They offer a bunch of gourmet burgers. I've got a few of them posted here. 

BBB Photo from FrannyWanny

BBB Photo from FrannyWanny

BBB Photo from FrannyWanny

BBB Photo from FrannyWanny

As for the side dishes, you get to choose between potato wedges or fries.

BBB Photo from katherinenell

If you don't feel like eating burger bun, but you still crave for that juicy beef patty, you could always opt for their burger rice meals. 

They've got more on their menu. They're too many to post so if you want to learn more about Big Better Burgers you can visit their facebook page at: www.facebook.com/pages/Big-Better-Burgers/34135258477

3. Crazy Katsu

I've kinda had the chance to interview one of the owners due to thesis requirements (by the way he's nice and very accommodating).  So from there, I found out that it hasn't been one year since Crazy Katsu started in the Philippines. However, due to positive reviews online, the Japanese restaurant has gotten quite popular. Now, it has already 2 branches; the first one in Maginhawa St. in QC and the second in Concepcion, Marikina City.  

Photo from HeaRty's Haven

Photo from HeaRty's Haven

Crazy Katsu's interior has a simplistic design. It's clean and it isn't too overwhelming to go inside.

Chicken Katsu Photo from  HeaRty's Haven   

 Their bestseller is the Chicken Katsu.

However, they offer other sumptuous , worth-trying dishes as well. You'll see some of them as you continue to scroll down the page.

Crazy Katsu Gyoza photo from HeaRty's Haven  

Crazy Katsu Sukiyaki photo from Akashic Records

Crazy Katsu Katsudon photo from i am dekaphobic

Crazy Katsu Tonkatsu photo from i am dekaphobic

To learn more about Crazy Katsu you can visit their website: www.crazykatsu.com/ or fb page at: www.facebook.com/crazykatsu


I hope I had inspired you a lot in this second post of mine! Inspired-not only to crave about food-but have the motivation to learn business math in order to put up great businesses like those. 


Again, this is Kat, believing that, "Business Math Can Be Sweet", ESPECIALLY IF you have something that motivates you to learn it. :)


All photos posted in this blog doesn't belong to me. Credits go to the owners. I posted the links of where I got the photos at the bottom of each of them. 


PS. I'm sorry I haven't given the answers to last week's math problems yet. Don't worry I'll give them as soon as I got my math homework paper back.


Checked by Prof. Crisencio Paner

We Learn About Profit and Loss

Hi readers! 

Learning business can never be without "Math". Yes. You heard right. Math. I know a lot of you, including me, don't like Math or "Business Math" at all. However, like what the title of my blog says, "Business Math Can Be Sweet". And to reward you, in this first blog post of mine, I'll share what we learned in class last Wednesday about Profit and Loss. I'll make it as sweet as cupcake and as easier as possible for your sake. :)

To begin, let's get familiarized with the terms. You don't need to memorize the meaning, however it will be of great help when you exert effort in understanding it. Also, Pay attention to the meaning of the terms because sometimes it gives secret formulas...

TERMS:

• Profit - also means "margin". It is the amount by which the sales are greater than the cost of goods sold and the operating expenses. (In filipino term, it is what you call, tubo) 

• Gross Sales - The actual amount received for selling

• Refunds - are the amounts returned usually if goods are defective

• Net Sales - obtained when refunds are deducted from the gross sales (There's a secret formula hidden! Net sales = Gross Sales - Refund)

• Cost of Goods Sold - also called "buying price".It is the amount paid for articles bought including the buying expenses.

• Inventory - itemized list of goods on hand

• Gross Profit - is the difference between the net sales and cost of goods sold (Another secret formula! Gross Profit = Net Sales - Cost of Goods Sold)

• Operating Expenses - or overhead are selling expenses such as salaries or wages, traveling expenses, rentals, water, electric bills, commissions, taxes.

• Net Profit - is the amount obtained when all the selling expenses or other cost of doing business are deducted from the gross profit. (hint! hint! A secret formula! Net Profit = Gross Profit - Operating Expenses)

Now that you are familiarized with the terms, it's time to get to know the formulas. Understand and memorize it! Don't get scared with the term, memorize... believe me memorizing the formulas comes in very handy during tests and exams. It will be easier to memorize now that you have understood the terms above. 

FORMULAS:

Net sales = Gross Sales - Refunds & Alowances

Net Profit = Gross Profit - Operating Expenses

Available Goods = Beginning Inventory + Purchases

Cost of Goods Sold = Available Goods - Ending Inventory

Gross Loss = Costs of Goods Sold - Nets Sales

Net Loss = Gross Loss + Operating Expenses

Let's put your newly acquired Profit and Loss knowledge to the test! Written below are the two problems given to us by our professor :)  

1. At the beginning of the year, the merchandise inventory of Almaric's store was P8,070. Purchase for 6 months amounted to P10,721. At the end of 6 months, the inventory stood P9,205. Find the cost of goods sold.
2. A department store had gross sales amounting to P896,954. The cost of goods sold was P577,320.40; the operating expenses were P49,285.98, and refunds for defective goods amounted to P25,520.49. Find; a). net sales, b). gross profit, c). net profit

The Answers will be posted next week! I hope I had helped you make Business Math easier :) Thank you for reading! please feel free to comment if you have any questions, concerns and suggestions. 

This is Kat, believing that, Bussiness Math Can Be Sweet! :)


The articles posted in this blog has been done with professional guidance.View our professor's CV for evidence:  CRISENCIO M. PANER'S CV