Answer
We assume that the angle is less than 90 degrees and can be in either quadrant I or II.
If quadrant I: $V_{x} = V sin(\phi)$ and the y-component is $V_{y} = V cos(\phi)$.
If quadrant II: $V_{x} = -V sin(\phi)$, and the y-component is $V_{y} = V cos(\phi)$.
Work Step by Step
If the angle is in the first quadrant, then the x-component is $V_{x} = V sin(\phi)$ and the y-component is $V_{y} = V cos(\phi)$.
However, if the angle is in quadrant II, then the x-component is negative, $V_{x} = -V sin(\phi)$, and the y-component is $V_{y} = V cos(\phi)$.