Working capital management of party needs and catering businesses in Angono, Rizal Rochelle L. Dimaiwat, Sharah Mae R. Latombo, Zamira Camille R. Nipit, Tiffany B. Trinidad

Thesis BSBA-FM University of Rizal System, Binangonan 2017

includes bibliographical references

This research study aimed to determine the Working Capital Management of Party Needs and Catering Businesses in Angono, Rizal in terms of cash management, inventory management and accounts payable management. The researchers used descriptive research method to determine the current status of working capital management of party needs and catering businesses in Angono, Rizal. The data was gathered through the use of questionnaire checklist. It was computed, analyzed and interpreted using frequency percentage and rank distribution, weighted mean and one-way ANOVA. Based on the presentation, analysis, and interpretation of data, the researchers summarize the following findings. With respect to the profile of the respondents. Most of them belonged to Early Adults (32-37 Years old) while the other belonged to adults or adulthood (38-43 Years old) The majority of the respondents are female and married and they are a college graduate. Whereas, with respect to the profile of the business, most of them are operating their business for not below 2 Years with the present capital of 100,000 and above. And their source of capital came from their own savings and most of them have 3-13 employees. Based on the respondents' perception of working capital management in terms of cash management, the weighted mean was 4.61 with the verbal interpretation of "Always". With regards to the inventory management, It has a weighted mean of 4.63 with the verbal interpretation "Always". While in accounts payable management the weighted mean is 4.4928 interpreted as "Always". Based on the tested hypothesis, particularly with respondents' profile in terms of age, sex, and educational attainment, on business profile in terms of Years in business operation, initial capital, present capital, sources of capital and the number of employees. On the variables such as cash management, inventory management, and accounts payable management all these has no significant impact on the management of working capital of party needs and catering businesses. As for the general weighted mean of factors, it obtains 4.5753, implying that the respondents of the party needs and catering businesses are always implementing these key factors in Working Capital Management for their continuous operation of their business. Relative to the tested hypothesis, there is no significant difference between the respondent's profile. Likewise, there is no significant difference between business profiles of the respondents. Based on the researchers recommendation to the respondents, with regards to Cash management, Party needs and Catering Businesses must provide reserve funds for contingent events to be used in the emergency expenses. Party needs and Catering Businesses must provide regular or systematic audits of inventories. Party needs and Catering Businesses should avoid overstocking and under stocking. Party needs and Catering Businesses can borrows fund to respectable or licensed credit institution or individual.