HABILITACION

MATEMATICA FINANCIERA 102007

RICARDO ARTURO MORENO MARTINEZ

CODIGO 79513667

UNIVERSIDAD NACIONAL ABIERTA Y A DISTANCIA UNAD

CEAD JOSE ACEVEDO Y GMEZ
INGENIERA INDUSTRIAL
BOGOT
2014

TABLA PAGO A CUOTA FIJA

CAPITAL
TASA MENSUAL
PERIODOS DE AMORTIZACION

### PERIODOS DE GRACIA

1.20% PERIODOS TOTALES
36

PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

SALDO INICIAL
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

100,000,000.00
97,762,777.24
95,498,707.81
93,207,469.55
90,888,736.43
88,542,178.50
86,167,461.89
83,764,248.67
81,332,196.90
78,870,960.51
76,380,189.28
73,859,528.79
71,308,620.38
68,727,101.06
66,114,603.52
63,470,756.00
60,795,182.32
58,087,501.75
55,347,329.01
52,574,274.20
49,767,942.74
46,927,935.29
44,053,847.76
41,145,271.17
38,201,791.67
35,222,990.41
32,208,443.54
29,157,722.10
26,070,392.01
22,946,013.96
19,784,143.37
16,584,330.33
13,346,119.54
10,069,050.22
6,752,656.06
3,396,465.18

CUOTA
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76
$3,437,222.76

0
36

INTERESES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,200,000.00
1,173,153.33
1,145,984.49
1,118,489.63
1,090,664.84
1,062,506.14
1,034,009.54
1,005,170.98
975,986.36
946,451.53
916,562.27
886,314.35
855,703.44
824,725.21
793,375.24
761,649.07
729,542.19
697,050.02
664,167.95
630,891.29
597,215.31
563,135.22
528,646.17
493,743.25
458,421.50
422,675.88
386,501.32
349,892.67
312,844.70
275,352.17
237,409.72
199,011.96
160,153.43
120,828.60
81,031.87
40,757.58

AMORTIZACION
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,237,222.76 $
2,264,069.43 $
2,291,238.26 $
2,318,733.12 $
2,346,557.92 $
2,374,716.62 $
2,403,213.21 $
2,432,051.77 $
2,461,236.39 $
2,490,771.23 $
2,520,660.49 $
2,550,908.41 $
2,581,519.31 $
2,612,497.54 $
2,643,847.52 $
2,675,573.69 $
2,707,680.57 $
2,740,172.74 $
2,773,054.81 $
2,806,331.47 $
2,840,007.44 $
2,874,087.53 $
2,908,576.58 $
2,943,479.50 $
2,978,801.26 $
3,014,546.87 $
3,050,721.44 $
3,087,330.09 $
3,124,378.05 $
3,161,870.59 $
3,199,813.04 $
3,238,210.79 $
3,277,069.32 $
3,316,394.15 $
3,356,190.88 $
3,396,465.18 $

SALDO FINAL
97,762,777.24
95,498,707.81
93,207,469.55
90,888,736.43
88,542,178.50
86,167,461.89
83,764,248.67
81,332,196.90
78,870,960.51
76,380,189.28
73,859,528.79
71,308,620.38
68,727,101.06
66,114,603.52
63,470,756.00
60,795,182.32
58,087,501.75
55,347,329.01
52,574,274.20
49,767,942.74
46,927,935.29
44,053,847.76
41,145,271.17
38,201,791.67
35,222,990.41
32,208,443.54
29,157,722.10
26,070,392.01
22,946,013.96
19,784,143.37
16,584,330.33
13,346,119.54
10,069,050.22
6,752,656.06
3,396,465.18
(0.00)

23,740,019.27

TABLA PAGO A CUOTA FIJA CON PERIODO MUERTO

CAPITAL
TASA MENSUAL
PERIODOS DE AMORTIZACION

PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

100,000,000.00 PERIODO MUERTO

1.20% PERIODOS TOTALES
30 VALOR A AMORTIZAR

SALDO INICIAL
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

100,000,000.00
101,200,000.00
102,414,400.00
103,643,372.80
104,887,093.27
106,145,738.39
107,419,487.25
104,423,554.38
101,391,670.32
98,323,403.65
95,218,317.78
92,075,970.87
88,895,915.81
85,677,700.08
82,420,865.77
79,124,949.44
75,789,482.12
72,413,989.19
68,997,990.34
65,540,999.51
62,042,524.79
58,502,068.37
54,919,126.48
51,293,189.28
47,623,740.83
43,910,259.01
40,152,215.40
36,349,075.27
32,500,297.46
28,605,334.31
24,663,631.61
20,674,628.47
16,637,757.29
12,552,443.67
8,418,106.27
4,234,156.83

CUOTA
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72
$4,284,966.72

6
36
$107,419,487.25

INTERESES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,200,000.00
1,214,400.00
1,228,972.80
1,243,720.47
1,258,645.12
1,273,748.86
1,289,033.85
1,253,082.65
1,216,700.04
1,179,880.84
1,142,619.81
1,104,911.65
1,066,750.99
1,028,132.40
989,050.39
949,499.39
909,473.79
868,967.87
827,975.88
786,491.99
744,510.30
702,024.82
659,029.52
615,518.27
571,484.89
526,923.11
481,826.58
436,188.90
390,003.57
343,264.01
295,963.58
248,095.54
199,653.09
150,629.32
101,017.28
50,809.88

AMORTIZACION
($1,200,000)
($1,214,400)
($1,228,973)
($1,243,720)
($1,258,645.12)
($1,273,748.86)
$2,995,932.87
$3,031,884.06
$3,068,266.67
$3,105,085.87
$3,142,346.90
$3,180,055.07
$3,218,215.73
$3,256,834.31
$3,295,916.33
$3,335,467.32
$3,375,492.93
$3,415,998.85
$3,456,990.83
$3,498,474.72
$3,540,456.42
$3,582,941.90
$3,625,937.20
$3,669,448.44
$3,713,481.83
$3,758,043.61
$3,803,140.13
$3,848,777.81
$3,894,963.15
$3,941,702.70
$3,989,003.14
$4,036,871.17
$4,085,313.63
$4,134,337.39
$4,183,949.44
$4,234,156.83

SALDO FINAL
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

101,200,000.00
102,414,400.00
103,643,372.80
104,887,093.27
106,145,738.39
107,419,487.25
104,423,554.38
101,391,670.32
98,323,403.65
95,218,317.78
92,075,970.87
88,895,915.81
85,677,700.08
82,420,865.77
79,124,949.44
75,789,482.12
72,413,989.19
68,997,990.34
65,540,999.51
62,042,524.79
58,502,068.37
54,919,126.48
51,293,189.28
47,623,740.83
43,910,259.01
40,152,215.40
36,349,075.27
32,500,297.46
28,605,334.31
24,663,631.61
20,674,628.47
16,637,757.29
12,552,443.67
8,418,106.27
4,234,156.83
0.00

28,549,001.48

ESTADO DE RESULTADOS A DICIEMBRE 31 DE 2.014

CUENTA
Ingresos por Ventas
Costo de ventas
Utilidad bruta
Gastos operacionales
Utilidad operacional

$
$
$
$
$

2013
1,497,600,000.00
6,288,000.00
692,304,237.60
232,270,294.00
460,033,943.60

$
$
$

460,033,943.60
115,008,485.90
345,025,457.70

Gastos Financieros (Suma de Intereses de la tabla de

Amortizacion)
Utilidad antes de impuestos
Impuestos
Utilidad neta

Incremento en los Ingresos del 20% y Costos del 15%

Con Cuota Fija y Periodo de Gracia

ESTADO DE RESULTADOS A DICIEMBRE 31 DE 2.013

CUENTA
Ingresos por Ventas
Costo de ventas
Utilidad bruta
Gastos operacionales
Utilidad operacional
Gastos Financieros (Suma de Intereses de la tabla de
Amortizacion)
Utilidad antes de impuestos
Impuestos
Utilidad neta

EMBRE 31 DE 2.013
$
$
$
$
$
$

2013
1,872,000,000.00
7,231,200.00
1,864,768,800.00
216,894,506.40
1,647,874,293.60
23,740,019.27

$ 1,624,134,274.33
$
406,033,568.58
###

Incremento en los Ingresos del 20% y Costos del 15%

Con Cuota Fija y Periodo Muerto

ESTADO DE RESULTADOS A DICIEMBRE 31 DE 2.013

CUENTA
$
Costo de ventas
$
Utilidad bruta
$
Gastos operacionales
$
Utilidad operacional
$
Gastos Financieros (Suma de Intereses de la tabla de $
Ingresos por Ventas

2013
1,797,120,000.00
7,231,200.00
1,789,888,800.00
216,894,506.40
1,572,994,293.60
28,549,001.48

Amortizacion)
Utilidad antes de impuestos
Impuestos
Utilidad neta

$ 1,544,445,292.12
$
386,111,323.03
###

Datos Nivel Bajo Empresa de Produccin Porcina Boyac es una

Maravilla Ltda
Volumen de Ventas Anuales en Unidades
Precio Unitario
Costo Unitario
Costo Fijo
Valor Residual
Inversion
Tasa de Descuento

RUBROS
Ingresos
Ventas
Valor Residual
Egresos
Costo Fijo
Costo Variable
Inversion
Fijo Neto

INDICADORES DE EVALUACION
VAN
TIR

BAJO
$
$
$
$
$

BAJO

1,230
360,000.00
207,000.00
140,000,000.00
2,000,000.00
200,000,000.00
13.00%

1,230
### $
### $

1
$0.00

MEDIO

$442,800,000.00

2
$442,800,000.00

4,322
395,000.00
225,000.00

3
$442,800,000.00

$ 442,800,000.00 $ 442,800,000.00 $ 442,800,000.00

$200,000,000.00

$394,610,000.00

$394,610,000.00

$394,610,000.00

$ 140,000,000.00 $ 140,000,000.00 $ 140,000,000.00

$ 254,610,000.00 $ 254,610,000.00 $ 254,610,000.00
$

200,000,000.00
-$200,000,000.00

-29,419,105.63
6.82%

$48,190,000.00

$48,190,000.00

$48,190,000.00

ALTO
$
$

3,250
405,000.00
270,000.00

4
$442,800,000.00

5
$442,800,000.00

$ 442,800,000.00 $ 442,800,000.00
$
2,000,000.00
$394,610,000.00

$394,610,000.00

$ 140,000,000.00 $ 140,000,000.00
$ 254,610,000.00 $ 254,610,000.00

$48,190,000.00

$50,190,000.00

Datos Nivel Medio Empresa de Produccin Porcina

Boyac es una Maravilla Ltda
Volumen de Ventas Anuales en Unidades
Precio Unitario
Costo Unitario
Costo Fijo
Valor Residual
Inversion
Tasa de Descuento

RUBROS
Ingresos
Ventas
Valor Residual
Egresos
Costo Fijo
Costo Variable
Inversion
Fijo Neto

INDICADORES DE EVALUACION
VAN
TIR

$
$
$
$
$

MEDIO

BAJO

4,322
395,000.00
225,000.00
140,000,000.00
2,000,000.00
200,000,000.00
13.00%

1,230
360,000.00
207,000.00

$
$

1
$0.00

$1,707,190,000.00

2
$1,707,190,000.00

$ 1,707,190,000.00 $ 1,707,190,000.00

$200,000,000.00

$1,112,450,000.00
$
$

140,000,000.00 $
972,450,000.00 $

$1,112,450,000.00
140,000,000.00
972,450,000.00

200,000,000.00
-$200,000,000.00

###
297.07%

$594,740,000.00

$594,740,000.00

MEDIO
$
$

4,322
395,000.00 $
225,000.00 $

3
$1,707,190,000.00

ALTO
3,250
405,000.00
270,000.00

4
$1,707,190,000.00

5
$1,707,190,000.00

$ 1,707,190,000.00 $ 1,707,190,000.00 $ 1,707,190,000.00

$
2,000,000.00
$1,112,450,000.00
$
$

140,000,000.00 $
972,450,000.00 $

$594,740,000.00

$1,112,450,000.00
140,000,000.00 $
972,450,000.00 $

$594,740,000.00

$1,112,450,000.00
140,000,000.00
972,450,000.00

$596,740,000.00

Datos Nivel Alto Empresa de Produccin Porcina Boyac es una

Maravilla Ltda
Volumen de Ventas Anuales en Unidades
Precio Unitario
Costo Unitario
Costo Fijo
Valor Residual
Inversion
Tasa de Descuento

RUBROS
Ingresos
Ventas
Valor Residual
Egresos
Costo Fijo
Costo Variable
Inversion
Fijo Neto

INDICADORES DE EVALUACION
VAN
TIR

ALTO
$
$
$
$
$

BAJO

3,250
405,000.00
270,000.00
140,000,000.00
2,000,000.00
200,000,000.00
13.00%

$
$

$0.00

$1,316,250,000.00

MEDIO

1,230
360,000.00 $
207,000.00 $

AOS
2
$1,316,250,000.00

4,322
395,000.00
225,000.00

3
$1,316,250,000.00

$ 1,316,250,000.00 $ 1,316,250,000.00 $ 1,316,250,000.00

$200,000,000.00

$1,017,500,000.00
$
$

140,000,000.00 $
877,500,000.00 $

$1,017,500,000.00
140,000,000.00 $
877,500,000.00 $

$1,017,500,000.00
140,000,000.00
877,500,000.00

200,000,000.00
-$200,000,000.00

$851,858,359.26
147.79%

$298,750,000.00

$298,750,000.00

$298,750,000.00

ALTO
$
$

3,250
405,000.00
270,000.00

$1,316,250,000.00

$1,316,250,000.00

$ 1,316,250,000.00 $ 1,316,250,000.00
$
2,000,000.00
$1,017,500,000.00
$
$

140,000,000.00 $
877,500,000.00 $

$298,750,000.00

$1,017,500,000.00
140,000,000.00
877,500,000.00

$300,750,000.00

Datos Nivel Medio Empresa Porcicola CARNES SELECTA LTDA.

Volumen de Ventas Anuales en Unidades
Precio Unitario
Costo Unitario
Costo Fijo
Valor Residual
Inversion
Tasa de Descuento

RUBROS
Ingresos
Ventas
Valor Residual
Egresos
Costo Fijo
Costo Variable
Inversion
Fijo Neto

$
$
$
$
$

ESPERADO

BAJO

4,322
395,000.00
225,000.00
140,000,000.00
2,000,000.00
200,000,000.00
13.00%

1,230
360,000.00 $
207,000.00 $

$
$

1
$0.00

$442,800,000.00

2
$442,800,000.00

MEDIO
4,322
395,000.00
225,000.00

3
$442,800,000.00

$ 442,800,000.00 $ 442,800,000.00 $ 442,800,000.00

$180,000,000.00

$254,610,000.00

$254,610,000.00

$254,610,000.00

0
0
0
$ 254,610,000.00 $ 254,610,000.00 $ 254,610,000.00
$ 180,000,000.00
-$180,000,000.00

$188,190,000.00

$188,190,000.00

$188,190,000.00

ALTO
$
$

3,250
405,000.00
270,000.00

4
$442,800,000.00

5
$442,800,000.00

$ 442,800,000.00 $ 442,800,000.00
$
1,500,000.00
$254,610,000.00

$254,610,000.00

0
0
$ 254,610,000.00 $ 254,610,000.00

$188,190,000.00

$189,690,000.00

TABLA RESUMEN DE ESCENARIOS PROPUESTOS PA

Nombres y apellidos integrante del grupo (Diligencie en el cuadro siguiente el

nombre completo de quien comparte la tabla)

Volumen de Ventas en
Unidades

CASO 1: Valores Bajos

1,230

CASO 2: Valores Medios

4,322

CASO 3: Valores Altos

3,250

SCENARIOS PROPUESTOS PARA ESTIMACION DE INDICADORES

Ricardo arturo Moreno Martinez

Precio Unitario

Costo Unitario

VPN

TIR

-$29,419,105.63

6.82%

360,000.00 $

207,000.00

395,000.00 $

225,000.00 $

1,892,923,640.36

297.07%

405,000.00 $

270,000.00 $

851,858,359.26

147.79%