UNIVERSIDAD DOCTOR ANDRES BELLO

REGIONAL SAN MIGUEL

FACULTAD DE CIENCIAS ECONOMICAS

CATEDRA:
MERCADO DE CAPITALES

EJERCICIO CASOS PRACTICOS I Y II

DOCENTE:
LIC. NELSON VENTURA

PRESENTADO POR:
OBELINA DE LA CRUZ MARTINEZ
JOSE LEONARDO DIAZ MARTINEZ
VLADIMIR ERNESTO DUBON FUNES
SAÚL ADALBERTO BERROZALES GARCÍA

SAN MIGUEL, 10 DE NOVIEMBRE DE 2018

 0 1 2 3 4 5 6 7 8 9 10
Ingreso $100,000 $120,000 $126,000 $141,372 $144,199 $147,083 $150,024.66 $153,025.15 $156,085.65 $159,207.36
Venta de activo $50,000
Costos variables $30,000 $36,000 $37,8000 $38,556 $39,327.12 $40,113.66 $40,915.93 $41,734.25 $42,568.93 $43,420.31

Costos fijos $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000
Dep. Construcción $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Dep. maquinaria $10,000 $10,000 $10,000 $10,000 $10,000 $10,000

Valor libro $40,000

Utilidad $30,000 $49,000 $53,200 $61,816 $69,871.88 $81,969.34 $84,108.73 $86,290.90 $88,519.72 $90,787.05

Impuesto $5,950 $8,330 $9,044 $11,528.72 $11,878.22 $13,934..79 $14,298.41 $14,669.45 $15,048.35 $15,433.80

Utilidad neta $29,050 $40,670 $44,156 $56,287.28 $57,993.60 $68,034.55 $69,810.32 $71,621.45 $73,471.37 $75,353.25
Dep. Construcción $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Dep. maquinaria $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Valor libro $40,000
Terreno $80,000
Construcción $200,000
Maquinaria $100,000 $100,000
Capital de trabajo $25,000 $3,000 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $25,000
Valor de desecho $290,000
Flujo de efectivo $405,000 $41,050 $52,920 $56,406 $68,537.28 $70,243.66 $20,284.55 $72,060.32 $73,871.45 $75,721.37 $395,353.25
neto
 0 1 2 3 4 5 6 7 8 9 10
Ingreso $100,000 $120,000 $126,000 $141,372 $144,199 $147,083 $150,024.66 $153,025.15 $156,085.65 $159,207.36
Venta de activo $50,000
Costos variables $30,000 $36,000 $37,8000 $38,556 $39,327.12 $40,113.66 $40,915.93 $41,734.25 $42,568.93 $43,420.31
Costos fijos $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000
Intereses $20,520 $18,659.36 $16,631.27 $14,420.64 $12,011.00 $9,384.62 $6,521.80 $3,401.32
Dep. Construcción $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Dep. maquinaria $10,000 $10,000 $10,000 $10,000 $10,000 $10,000

Valor libro $40,000

Utilidad $14,480 $30,340.64 $36,568.73 $53,395.36 $57,860.82 $72,584.72 $77,587.27 $82,890.03 $88,519.72 $90,787.05

Impuesto 17% $2,461.60 $5,157.91 $6,216.68 $9,077.21 $9,836.37 $12,339.40 $13,189.84 $14,091.30 $15,048.35 $15,433.80

Utilidad neta $12,018.40 $30,340.64 $30,352.05 $44,318.15 $48,024.48 $60,245.32 $64,397.43 $68,798.72 $73,471.37 $75,353.25
Dep. Construcción $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Dep. maquinaria $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Valor libro $40,000
Terreno $80,000
Construcción $200,000
Maquinaria $100,000 $100,000
Capital de trabajo $25,000 $3,000 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $25,000
Préstamo $228,000
Amortización $20,673.76 $22,534.40 $24,562.49 $26,773.12 $29,182.70 $31,809.14 $34,671.96 $37,972
Valor de desecho $290,000
Flujo de efectivo $177,000 $3,344.64 $14,898.33 $18,039.56 $29,795.03 $31,091.78 $19,313.82 $31,975.47 $33,756.28 $75,718.33 $395,353.74
neto
 0 1 2 3 4 5 6 7 8 9 10
Ingreso $160,225 $182,468 $200,752.5 $210,743 $231,478 $225,229 $281,242 $308,574.50 $338,734.50 $371,910.50
Venta de activo $100,000
Costos variables $46,750 $53,240 $58,575 $61,490 $67,540 $74,470 $82,060 $90,035 $98,835 $108,515

Costos fijos $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750
Dep. Construcción
Dep. maquinaria $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500

Valor libro $-162,500

Utilidad $37,225 $52,978 $65,927.5 $73,003 $87,688 $74,509 $60,432 $154,789.5 $184,149.5 $199,645.5

Impuesto $8,189.5 $11,655.16 $14,504.05 $16,060.66 $19,291.36 $16,391.98 $13,295.04 $34,053.69 $40,512.89 $43,922.01

Utilidad neta $29,035.5 $41,322.84 $51,423.45 $56,942.34 $68,396.64 $58,117.02 $47,136.96 $120,735.81 $183,636.61 $155,723.49
Dep. Construcción
Dep. maquinaria $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500
Valor libro $162,500
Terreno $120,000
Construcción
Maquinaria $250,000 $250,000
Capital de trabajo $46,041.67 $4,604.16 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $46,041.67
Valor de desecho
Flujo de efectivo
neto
 0 1 2 3 4 5 6 7 8 9 10
Ingreso $160,225 $182,468 $200,752.5 $210,743 $231,478 $225,229 $281,242 $308,574.50 $338,734.50 $371,910.50
Venta de activo $100,000
Costos variables $46,750 $53,240 $58,575 $61,490 $67,540 $74,470 $82,060 $90,035 $98,835 $108,515
Costos fijos $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750 $63,750
Intereses $20,442.5 $18,186.28 $15,738.27 $13,082.19 $10,200.34 $7,073.54 $3,680.95
Dep. Construcción
Dep. maquinaria $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500

Valor libro $-162,500

Utilidad $16,782.5 $34,791.72 $50,189.23 $59,920.81 $77,487.66 $56,751.05 $56,751.05 $154,789.50 $176,149.50 $199,645.50

Impuesto 22% $3,692.15 $7,654.18 $11,041.63 $13.182.58 $17,047.29 $12,485.23 $12,485.23 $34,053.69 $38,752.89 $43,922.01

Utilidad neta $13,090.35 $27,137.54 $39,147.60 $46,737,93 60,490.37 $44,265.82 $44,265.82 $120,735.81 $137,396.61 $155,723.49
Dep. Construcción
Dep. maquinaria $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500
Valor libro $162,500
Terreno $120,000
Construcción
Maquinaria $250,000 $250,000
Capital de trabajo $46,041.67 $4,604.16 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $5,179.69 $46,041.67
Préstamo $240,500
Amortización $26,543.80 $28,800.02 $31,248 $33,904.11 $36,785.96 $39,912.76 43,505.32
Valor de desecho $207,500
Flujo de efectivo $-5,557.61 $5,657.83 $15,219.91 $20,154.13 $30,974.72 $43,407.21 $-79,219.19 $115,556.12 $112,216.92 $409,765.16
neto