ANSWER THE

• ACTIVITY 1 AND 2
• CYU
• ACT 3
• ACT 4 AND 5

ACT 1 AND 2, AND CYU.

ACTIVITY NO 1 EXCE Directions: Answer the following questions: 1. What are the characteristics of an Effective planning? 2. What is budget? C 3. What is the importance of a budget? 4. What will happen if the budget is not met? LENCE! N ACTIVITY NO 2 Directions: Since it is very relevant in today's generation, technology is viewed as an essential tool to ease work for people. Businesses, in turn, prefer to use a software or program to aid in their budget preparation. Provide at least two (2) popular budgeting soft wares. Briefly discuss their features and compare which among them is preferable to you. CHECKING YOUR UNDERSTANDING Directions: Download the financial statements of Jollibee Foods Corporation and answer the questions provided below. What is the impact of the working capital management to the profitability and risks based on your analysis of Jollibee Foods Corporation financial statements? What types of working capital policies is JFC using based from your analysis of its financial statements? What impact can you observe this strategy has to JFC's profits? Is there any effect on the riskiness such as liquidity or solvency?V. Assignment . List 3 products/brands that you value or purchase every time there is a need for it. And then explain why you value this product/brand. Name of the Product/Brand Explanation 4. Prepare a single-step Statement of Comprehensive Income using the following: Revenues - 20,000 Rent expense - 3,000 Salaries expense - 4,000 Utilities expense - 2,000 Learners can use any business name and the end of the current year for the heading. 5. Prepare a multi-step Statement of Comprehensive Income using the following: Sales - 20,000 Cost of Goods Sold - 10,000 General and administrative expenses - 4,000 Selling expenses - 2,000 Learners can use any business name and the end of the current year for the heading