LAKASABrowsing by Author "Fortes, May L."

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Financial management practices of casual dining restaurants in Agoo, La Union
(Don Mariano Marcos Memorial State University – Mid La Union Campus, 2023-05) Andaya, John Paul S.; Flores, Ashley Jane R.; Fortes, May L.; Panes, Charity Mae E.; Ventura, Samantha Nicole L.; Javonitalla, Josephine G.; Bayani, Keneth G.; Gacayan, Daniel B.; Siong, Venus D.; Quinitip, Tiffany Ruth R.
The financial management practices of casual dining restaurants have been greatly affected by the global pandemic. One of the most common reasons for business failure is poor financial management, which is especially prevalent in a highly competitive industry. Thus, this study determined the financial management practices of casual dining restaurants in Agoo, La Union, in terms of financial planning and budgeting, working capital management, and acquisition of funds. This also determined the relationship between their profiles and financial management practices. The researchers conducted a survey of twelve registered casual dining restaurants in Agoo, La Union, using a validated questionnaire and analyzed it using frequency count and percentage, median, spearman rho, and Cramer's V. The findings showed that casual dining restaurants in the municipality often practice financial management. Moreover, the findings showed that there was no significant relationship between the profile and the financial management practices of casual dining restaurants.