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MODULE 8 - ENTREP - S. Tolentino

The document outlines a student's estimation and actual travel times to school, highlighting factors influencing their punctuality. It also discusses the importance of forecasting in entrepreneurship, detailing how to calculate selling prices based on cost and desired markup. Additionally, it includes a breakdown of daily allowance and expenses, along with projected costs for merchandise.

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Randy P. Tolentino
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11 views3 pages

MODULE 8 - ENTREP - S. Tolentino

The document outlines a student's estimation and actual travel times to school, highlighting factors influencing their punctuality. It also discusses the importance of forecasting in entrepreneurship, detailing how to calculate selling prices based on cost and desired markup. Additionally, it includes a breakdown of daily allowance and expenses, along with projected costs for merchandise.

Uploaded by

Randy P. Tolentino
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MODULE 8

What’s New?
Write your estimate in Estimated Time column, after arriving to school fill in the
Actual Time in the blank provided.

Estimated Time Actual Time


1. 15 minutes (on a Monday) 1. 12 minutes
2. 15 minutes (on a Tuesday-Thursday) 2. 17 minutes
3. 15 minutes (on a Friday) 3. 10 minutes

1. The factors that have contributed to getting me early to school varies on the day.
Firstly, on Mondays, my service tends to speed up a bit considering that there is a
flag ceremony early in the morning. On Fridays, we also don’t feel the need to go to
school early. However, due to Friday sickness, the cars and vehicles are less on the
road, causing less traffic and a smooth travel to school.

2. Factors that have contributed to arriving later than my estimated time varies, but
usually, it happens between Tuesday to Thursday. During these days, we usually
take our time and don’t feel the need to go to school early, therefore resulting to my
actual time exceeding my estimates.

What I Have Learned


Entrepreneurs use forecasting techniques to determine events that might affect
the operation of the business. Factors such as external and internal must be
considered to avoid possible complications in the future. To forecast revenues, it is
best that the entrepreneur must be acquainted with the cost, and mark-up to
determine the selling price of a product. This way, the selling price is then
multiplied to the projected volume to arrive with the projected revenue. The
entrepreneur should always present the assumptions to consider in projecting
revenues, may it be seasonality, economic slow down or changes in costumer
preferences and the like. This will help achieve the best educated estimate of your
revenues
What I Can Do
1. Mark Up Price = (Cost x desired mark up percentage)
Mark Up for Bottled Water = (20.00 x 25)
Mark Up for Bottled Water = 5.00
Selling Price = 20.00 + 5.00
Selling Price for Bottled Water = 25.00

2. Mark Up for Watermelon = (25.00 x 40)


Mark Up for Watermelon = 10.00
Selling Price = 25.00 + 10.00

Selling Price for Watermelon = 35.00

Assessment
1. False 6. True
2. True 7. True
3. True 8. False
4. True 9. True
5. False

LESSON 2
What’s New
Breakdown on Daily Allowance

Name: Shairra Fay D. Tolentino


Daily Allowance: 70 pesos
Less: Daily Expenses
Food: 30 pesos
Fare: _shakes_
School Supplies: _20 (but not on a daily basis)_
Recreation: _none_
Others: _none_
Total: _40 pesos (without buying school supplies)_
20 pesos (with school supplies)_
What’s More
Table 4
Projected Volume
Projected Costs
Merchandise/ Cost per Unit Average No. of Of Purchase
Products Items Sold (Monthly)
(Monthly)
(A) F = (D X 30 days) K = (A x F)
90 360 32,400
Total

Projected Volume`
No. of Items
Merchandise/ Sold (Daily)
Products

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