Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
0.12
0.08
0.00
0
7,000,000.00
5,000,000.00
20%
AO 0
I. INGRE
1.-Total Ingreso
Ventas
Valor residual
II. EGRE
Costo de Inversion
(Activo FijoTangible)
(Activo Fijo Intangible)
(Capital de Trabajo)
(Imprevistos 1%)
(Total de Inversin)
Egresos por Actividad
2.-Total Egresos
(Costo de Produccin)
(Gastos Administrativos)
(Gastos de Ventas)
Utilidad Operativa
(Depreciacin)
Utilidad antes de Impuestos
(Impuesto a la Renta 30%)
(Inversin)
Depreciacin
FCE
Prstamo
(Servicio de Deuda)
Escudo tributario
FCF
Aporte de Socios
Caja acumulada
5,000,000.00
1,000,000.00
750,000.00
250,000.00
7,000,000.00
7,000,000.00
7,000,000.00
-7,000,000.00
5,000,000.00
-2,000,000.00
2,000,000.00
-2,000,000.00
4.- Realice la evaluain financiera considerando el VANF, TIRF, B/C , Perodo de recuperacin F
5.- Interprete resultados
PRINCIPAL INICIO
TRIMESTRE
1
2
3
4
5
5,000,000.00
4,328,101.48
3,521,823.26
2,554,289.40
1,393,248.76
TOTAL
FRC=
i ( 1+i)n =
(1+i)n-1
Escudo tributario
AOS
1
2
3
4
5
Amortizacin
671,898.52
806,278.22
967,533.86
1,161,040.64
1,393,248.76
984,579
VANE(12%)=
18%
TIR E=
B/C E= VAN(Ingresos) =
VAN (Egresos)
AO
INGRESOS E
EGRESOS ECONOMICOS
TASA DESCUENTO = 12%
7,000,000.00
VANI(12%)=
VANE(12%)=
7,000,000.00
B/C E=
Perodo recuperacin E
INGRESOS
INVERSIN
SALDO POR RECUPERAR
Perodo de recuperacin=
Calculo de fraccin =
1,047,386
VANF(8%)=
TIRF=
27%
B/CF= VANF(Ingresos)=
VANF(Egresos)
AO
INGRESOS FINANCIEROS
TOTAL EGRESOS FINANCIEROS
EGRESOS ECONOMICOS
FCNETO
VANF(Ingresos)=
VANFE(Egresos)=
0
5,000,000.00
7,000,000.00
7,000,000.00
5,000,000.00
7,000,000.00
2,000,000.00
Perodo de recuperacin=
Calculo de fraccin =
1ao=
X=
ANALISIS DE SENSIBILIDAD
AO 01
I. INGRESOS
4,000,000.00
4,000,000.00
AO 02
4,000,000.00
4,000,000.00
AO 03
AO 04
4,000,000.00
4,000,000.00
###
###
II. EGRESOS
900,000.00
500,000.00
300,000.00
100,000.00
3,100,000.00
-150,000.00
2,950,000.00
-885,000.00
0.00
150,000.00
2,215,000.00
-1,671,898.52
300,150.00
843,251.48
211459.40
-1,156,748.52
900,000.00
500,000.00
300,000.00
100,000.00
3,100,000.00
-150,000.00
2,950,000.00
-885,000.00
0.00
150,000.00
2,215,000.00
0.00
-1,671,898.52
259,836.09
802,937.57
-353,810.95
900,000.00
500,000.00
300,000.00
100,000.00
3,100,000.00
-150,000.00
2,950,000.00
-885,000.00
0.00
150,000.00
2,215,000.00
0.00
-1,671,898.52
211,459.40
754,560.88
400,749.92
900,000.00
500,000.00
300,000.00
100,000.00
3,100,000.00
-150,000.00
2,950,000.00
-885,000.00
0.00
150,000.00
2,215,000.00
0.00
-1,671,898.52
153,107.36
696,508.84
1,097,258.77
de recuperacin F
AMORTIZACION
671,898.52
806,278.22
967,533.86
1,161,040.64
1,393,248.76
5,000,000.02
INTERES
1,000,000.00
865,620.30
704,364.65
510,857.88
278,649.75
3,359,492.58
SERVICIO DE
DEUDA
1,671,898.52
1,671,898.52
1,671,898.52
1,671,898.52
1,671,898.52
8,359,492.60
Interes=
FRC=
Interes
1,000,000.00
865,620.30
704,364.65
510,857.88
278,649.75
PRINCIPAL
FINAL
4,328,101.48
3,521,823.26
2,554,289.40
1,393,248.76
0.00
20%
0.3343797
Portes
500.00
500.00
500.00
500.00
500.00
14,467,506.32
1.41
10,244,298.58
1
4,000,000.00
900,000.00
2
4,000,000.00
900,000.00
3
4,000,000.00
900,000.00
900,000.00
3,571,428.57
803571.4286
3,188,775.51
717474.4898
2,847,120.99
640602.223
2,542,072.31
571966.2706
1.41
4
###
1
2,215,000.00
2
2,215,000.00
3
2,215,000.00
4,785,000.00
2,570,000.00
355,000.00
7,000,000.00
ECUPERAR
cuperacin=
2,215,000.00
355,000.00
X=
B/C f=
1.28
21,028,894
1.28
16,432,539.48
1
4,000,000.00
2,272,248.52
900,000.00
2
4,000,000.00
2,312,562.43
900,000.00
3
4,000,000.00
2,360,939.12
900,000.00
4
4,000,000.00
2,418,991.15
900,000.00
1,372,248.52
1,412,562.43
1,460,939.12
1,518,991.15
3,703,703.70
2,103,933.81
3,429,355.28
1,982,649.55
3,175,328.96
1,874,189.59
2,940,119.41
1,778,030.71
843,251.48
802,937.57
754,560.88
696,508.84
1,156,748.52
353,810.95
0.00
X=
AOS
0.4688952335
AO 05
4,085,300.00
4,000,000.00
85,300.00
900,000.00
500,000.00
300,000.00
100,000.00
3,100,000.00
-150,000.00
2,950,000.00
-885,000.00
0.00
150,000.00
2,215,000.00
0.00
-1,671,898.52
83,744.93
686,556.41
1,783,815.17
1,672,398.52
5
4,085,300.00
900,000.00
2,318,108.93
510684.1701
TOTAL
14,467,506.32
10,244,298.58
4
2,215,000.00
5
2,215,000.00
AOS
0.1602708804
MESES
1.92
5
4,085,300.00
2,488,653.59
900,000.00
1,588,653.59
TOTAL
2,780,386.53
1,693,735.82
21,028,893.90
16,432,539.48
5
686,556.41
MESES
5.6267428017
DIAS
18.8022840516
DIAS
57.70
Variables
Tasa de descuento econmico
Tasa de descuento financiero
Incremento Precios
Incremento de costos
Inversin total
Prestamo
Interes bancario=
CONCEPTO / AOS
0.10
0.05
0.00
0
6,500,000.00
4,000,000.00
11%
AO 0
I. INGRESOS
1.-Total Ingreso
Ventas
Valor residual
II. EGRESOS
Costo de Inversion
(Activo FijoTangible)
(Activo Fijo Intangible)
(Capital de Trabajo)
(Imprevistos 1%)
(Total de Inversin)
Egresos por Actividad
2.-Total Egresos
(Costo de Produccin)
(Gastos Administrativos)
(Gastos de Ventas)
Utilidad Operativa
(Depreciacin)
Utilidad antes de Impuestos
(Impuesto a la Renta 30%)
(Inversin)
Depreciacin
FCE
Prstamo
(Servicio de Deuda)
Escudo tributario
FCF
Aporte de Socios
Caja acumulada
5,000,000.00
500,000.00
500,000.00
500,000.00
6,500,000.00
6,500,000.00
4.- Realice la evaluain financiera considerando el VANF, TIRF, B/C , Perodo de recuperacin F
5.- Interprete resultados
PRINCIPAL INICIO
anual
1
2
3
4
5
TOTAL
FRC=
i ( 1+i)n =
(1+i)n-1
Escudo tributario
AOS
1
2
3
4
5
Amortizacin
AO
INGRESOS E
EGRESOS ECONOMICOS
TASA DESCUENTO = 12%
VANI(12%)=
VANE(12%)=
B/C E=
Perodo recuperacin E
INGRESOS
INVERSIN
SALDO POR RECUPERAR
Perodo de recuperacin=
Calculo de fraccin =
AO
INGRESOS FINANCIEROS
TOTAL EGRESOS FINANCIEROS
EGRESOS ECONOMICOS
FCNETO
VANF(Ingresos)=
VANFE(Egresos)=
0
INGRESOS
INVERSIN
SALDO POR RECUPERAR
Perodo de recuperacin=
Calculo de fraccin =
1ao=
X=
ANALISIS DE SENSIBILIDAD
AO 01
I. INGRESOS
3,500,000.00
3,500,000.00
AO 02
3,500,000.00
3,500,000.00
AO 03
3,500,000.00
3,500,000.00
AO 04
3,500,000.00
3,500,000.00
II. EGRESOS
1,500,000.00
200,000.00
100,000.00
500,000.00
300,000.00
100,000.00
500,000.00
300,000.00
100,000.00
500,000.00
300,000.00
100,000.00
AMORTIZACION
INTERES
SERVICIO DE
DEUDA
Interes=
20%
FRC=
Interes
0.3343797
Portes
PRINCIPAL
FINAL
ECUPERAR
cuperacin=
1ao=
X=
X=
B/C f=
AOS
X=
AO 05
3,585,300.00
3,500,000.00
85,300.00
500,000.00
300,000.00
100,000.00
TOTAL
AOS
MESES
DIAS
TOTAL
MESES
DIAS