AO 2015

Estado de Situacin Financiera

Las compras, son el 110% del Costo de Ventas 2,157,340.13
El indicador "das de cuentas por cobrar" es 76
El indicador "Ratio de efectividad" es 40%
El ROA del ao 2015 es 4%
El indicador "Endeudamiento a largo plazo" es 16%

Estado de Situacin Econmica

Las Ventas en el ao 2015 fueron el 95% de lo vendido en el ao 2016
El % de margen bruto del ao 2015 es de 14%
El gasto de ventas del ao 2016 creci 10% en comparacin con el ao 2015
El gasto administrativo del ao 2016 creci 5% en comparacin con el ao 2015
AO 2014

Estado de Situacin Financiera

Las compras, son el 110% del Costo de Ventas
El indicador "das de cuentas por pagar" es 17
El capital de trabajo del ao 2014 es de S/ 28,000
El importe total del activo 2014 es S/ 2,593,740

Estado de Situacin Econmica

Las Ventas en el ao 2014 fueron el 90% de lo vendido en el ao 2016
El margen bruto del ao 2014 es de S/ 306,785.43
El gasto de ventas del ao 2014 representa el 4% de las ventas 2014
El gasto administrativo del ao 2014 es el 95% del ao 2015
 ESTADO DE SITUACIN FINANCIERA COMPARAT
EMPRESA COMERCIAL TODOPOD
Expresado en nuevos soles

2016 % 2015
ACTIVO
Efectivo y Equivalente de efectivo 570,336 19.1% 629,117.11
Cuentas Cobrar Comerciales 490,850 16.5% 481,436.02
Mercaderas 560,420 18.8% 504,378
TOTAL ACTIVO CORRIENTE 1,621,606 54.4% 1,614,931

Inmuebles, Maquinarias y Equipos (NETO) 1,125,960 37.8% 1,182,656

Activo Diferido 231,228 7.8% 195,620
TOTAL ACTIVO NO CORRIENTE 1,357,188 45.6% 1,378,276
TOTAL ACTIVO 2,978,794 100.0% 2,993,207

PASIVO
Tributos por Pagar 17,526 0.6% 15,471
Cuentas Pagar Comerciales 102,944 3.5% 96,325
Obligaciones Financieras 1,390,741 46.7% 1,460,997
TOTAL PASIVO CORRIENTE 1,511,211 50.7% 1,572,793

Obligaciones Financieras 410,255 13.8% 464,962.92

Cuentas por Pagar Diversas - Terceros 20,360 0.7% 13,950
TOTAL PASIVO NO CORRIENTE 430,615 13.8% 478,913
TOTAL PASIVO 1,941,826 64.5% 2,051,706

PATRIMONIO
Capital 150,000 5.0% 150,000
Resultados Acumulados 791,501 26.6% 671,773
Utilidad del Ejercicio 95,467 3.2% 119,728
TOTAL PATRIMONIO 1,036,968 34.8% 941,501
TOTAL PASIVO Y PATRIMONIO 2,978,794 99.3% 2,993,207

-
 ANCIERA COMPARATIVO 2016, 2015 Y 2014
MERCIAL TODOPODEROSO SAC
resado en nuevos soles

% 2014 %

21.0% 641,700 24.7%

16.1% 433,292 16.7%
16.9% 496,315 19.1%
54.0% 1,571,307 60.6%

39.5% 915,665 35.3%

6.5% 106,768 4.1%
46.0% 1,022,433 39.4%
100.0% 2,593,740 100.0%

0.5% 14,920 0.6%

3.2% 39,648 1.5%
48.8% 1,488,739 57.4%
52.5% 1,543,307 59.5%
0.0%
15.5% 215,800 8.3%
0.5% 12,860 0.5%
15.5% 228,660 8.8%
68.1% 1,771,967 68.3%
0.0%
0.0%
5.0% 150,000 5.8%
22.4% 548,705 21.2%
4.0% 123,068 4.7%
31.5% 821,773 31.7%
100% 2,593,740 100.0%
 ESTADO DE RESULTADOS COMPARATIVO 2016, 2015
EMPRESA COMERCIAL TODOPODEROSO
Expresado en nuevos soles

ESTADO DE RESULTADOS 2016 % 2015 %

Ventas Netas 2,400,512 100.0% 2,280,486.40 100.0%
( - ) Costo de Ventas -2,108,444 -87.8% -1,961,218 -86.0%
Resultado Bruto 292,068 12.2% 319,268 14.0%
( - ) Gastos de Ventas -105,647 -4.4% - 96,042.73 -4.2%
( - ) Gastos de Administracin -20,510 -0.9% - 19,533.33 -0.9%
Resultado de Operacin 165,911 6.9% 203,692 8.9%
Gastos Financieros -39,338 -1.6% -38,551 -1.7%
Otros Ingresos / Gastos 6,020 0.3% 5,900 0.3%
Resultado antes del impuesto 132,593 5.5% 171,040 7.5%
( - ) Impuesto a la Renta -37,126 -1.5% - 51,312.12 -2.3%
RESULTADO DEL EJERCICIO 95,467 4.0% 119,728 5.3%
319268.10

compras 2,319,288.40 2,157,340.13

PARATIVO 2016, 2015 Y 2014
TODOPODEROSO SAC
nuevos soles

2014 %
2,160,460.80 100.0%
-1,853,675.37 -85.8%
306,785.43 14.2%
-86,418 -4.0%
-18,557 -0.9%
201,810 9.3%
-31,780 -1.5%
5,782 0.3%
175,812 8.1%
- 52,743.52 -2.4%
123,068 5.7%

2039042.907
 2016 2015
INDICADORES DE LIQUIDEZ
Razn circulante 1.1 1.0
Capital de trabajo 110,395 42,138
Prueba cida 0.7 0.7
Ratio de Efectividad 37.7% 40.0%

INDICADORES DE GESTIN
Das de inventario 95.69 92.58
Das de Cuentas por cobrar 74 76
Das de Cuentas por pagar 16 16
Ciclo Conversin de efectivo - CCE 153 153

INDICADORES DE SOLVENCIA
Endeudamiento total 65.2% 68.5%
Endeudamiento a corto plazo 50.7% 52.5%
Endeudamiento a largo plazo 14.5% 16.0%
Apalancamiento 187.3% 217.9%
Cobertura de Intereses 2.4 3.1

INDICADORES DE RENTABILIDAD
Rentabilidad del activo - ROA 3.2% 4.0%
Rentabilidad del accionista - ROE 9.2% 12.7%
Margen de la Utilidad Bruta 12% 14%
Margen de la Utilidad Operativa 7% 9%
Margen de la Utilidad Neta 4% 5%
2014

1.0 Activo corriente / pasivo corriente

28,000 Activo corriente - pasivo corriente
0.7 (Activo corriente - Inventarios) / pasivo corriente
41.6% Efectivo / Pasivo corriente

96.39 (Inventarios / Costo de Ventas) x 360

72 (Ctas por cobrar / Ventas) x 360
7 (Ctas por pagar / Compras) x 360
162 Inventario + Ctas por cobrar - Ctas por pagar

68.3% Pasivo total / Activo total

59.5% Pasivo corriente / Activo total
8.8% Pasivo no corriente / Activo total
215.6% Pasivo Total / Patrimonio
3.9 Utilidad Neta / Gasto Financiero

4.7% Utilidad Neta / Activo

15.0% Utilidad Neta / Patrimonio
14% Utilidad Bruta / Ingresos
9% Utilidad Operativa / Ingresos
6% Utilidad Neta / Ingresos
FINANCIAMIENTO
- Anlisis de las tasas de diferentes tipos de prstamos a la cual se pueda auxiliar la empresa de 3 Insti
- Cuadro de Amortizacin de la Deuda del monto financiado, segn la Tasa y tipo de prstamos elegido
- Presentacin de Clculo del monto que necesitara la empresa ahorrar anual, para poder obtener el m
mediante instituciones financieras. (Considerar frmulas del tema "Aplicaciones Especial del VDT")

PRSTAMO COMERCI
TASA DE INTERS
continental CUOTA
PLAZO AOS

CUADRO DE AMORTIZACIN ANUAL

Principal Pago Principal (Fin de

Fin de Ao (Inicio Inters (%) Principal
de Ao) Prstamos Ao)

0 2,600,000.00
1 $2,151,120 $640,240 $191,360 $448,880 $2,151,120
2 $1,669,202 $640,240 $158,322 $481,918 $1,669,202
3 $1,151,815 $640,240 $122,853 $517,387 $1,151,815
4 $596,349 $640,240 $84,774 $555,467 $596,349
5 $0 $640,240 $43,891 $596,349 $0
6
$3,201,201 $601,201 $2,600,000 $5,568,486

CUADRO DE AMORTIZACIN MENSUAL

Principal Pago Principal (Fin de

Fin de Mes (Inicio Inters (%) Principal
de Mes) Prstamos Mes)

0 $2,600,000
1 $2,563,799 $51,634 $15,433 $36,201 $2,563,799
2 $2,527,383 $51,634 $15,218 $36,416 $2,527,383
3 $2,490,751 $51,634 $15,002 $36,632 $2,490,751
4 $2,453,901 $51,634 $14,784 $36,850 $2,453,901
5 $2,416,833 $51,634 $14,566 $37,068 $2,416,833
6 $2,379,544 $51,634 $14,346 $37,288 $2,379,544
7 $2,342,035 $51,634 $14,124 $37,510 $2,342,035
8 $2,304,302 $51,634 $13,902 $37,732 $2,304,302
9 $2,266,346 $51,634 $13,678 $37,956 $2,266,346
10 $2,228,164 $51,634 $13,452 $38,182 $2,228,164
11 $2,189,756 $51,634 $13,226 $38,408 $2,189,756
12 $2,151,120 $51,634 $12,998 $38,636 $2,151,120
13 $2,112,254 $51,634 $12,768 $38,866 $2,112,254
14 $2,073,158 $51,634 $12,538 $39,096 $2,073,158
15 $2,033,830 $51,634 $12,306 $39,328 $2,033,830
16 $1,994,268 $51,634 $12,072 $39,562 $1,994,268
17 $1,954,471 $51,634 $11,837 $39,797 $1,954,471
18 $1,914,439 $51,634 $11,601 $40,033 $1,914,439
19 $1,874,168 $51,634 $11,363 $40,270 $1,874,168
20 $1,833,659 $51,634 $11,124 $40,509 $1,833,659
21 $1,792,909 $51,634 $10,884 $40,750 $1,792,909
22 $1,751,917 $51,634 $10,642 $40,992 $1,751,917
23 $1,710,682 $51,634 $10,399 $41,235 $1,710,682
24 $1,669,202 $51,634 $10,154 $41,480 $1,669,202
25 $1,627,476 $51,634 $9,908 $41,726 $1,627,476
26 $1,585,502 $51,634 $9,660 $41,974 $1,585,502
27 $1,543,280 $51,634 $9,411 $42,223 $1,543,280
28 $1,500,806 $51,634 $9,160 $42,473 $1,500,806
29 $1,458,080 $51,634 $8,908 $42,726 $1,458,080
30 $1,415,101 $51,634 $8,655 $42,979 $1,415,101
31 $1,371,867 $51,634 $8,400 $43,234 $1,371,867
32 $1,328,376 $51,634 $8,143 $43,491 $1,328,376
33 $1,284,627 $51,634 $7,885 $43,749 $1,284,627
34 $1,240,618 $51,634 $7,625 $44,009 $1,240,618
35 $1,196,348 $51,634 $7,364 $44,270 $1,196,348
36 $1,151,815 $51,634 $7,101 $44,533 $1,151,815
37 $1,107,018 $51,634 $6,837 $44,797 $1,107,018
38 $1,061,955 $51,634 $6,571 $45,063 $1,061,955
39 $1,016,625 $51,634 $6,303 $45,330 $1,016,625
40 $971,025 $51,634 $6,034 $45,600 $971,025
41 $925,155 $51,634 $5,764 $45,870 $925,155
42 $879,013 $51,634 $5,491 $46,142 $879,013
43 $832,596 $51,634 $5,218 $46,416 $832,596
44 $785,904 $51,634 $4,942 $46,692 $785,904
45 $738,935 $51,634 $4,665 $46,969 $738,935
46 $691,687 $51,634 $4,386 $47,248 $691,687
47 $644,159 $51,634 $4,106 $47,528 $644,159
48 $596,349 $51,634 $3,824 $47,810 $596,349
49 $548,255 $51,634 $3,540 $48,094 $548,255
50 $499,875 $51,634 $3,254 $48,380 $499,875
51 $451,208 $51,634 $2,967 $48,667 $451,208
52 $402,253 $51,634 $2,678 $48,956 $402,253
53 $353,006 $51,634 $2,388 $49,246 $353,006
54 $303,468 $51,634 $2,095 $49,539 $303,468
55 $253,635 $51,634 $1,801 $49,833 $253,635
56 $203,507 $51,634 $1,505 $50,128 $203,507
57 $153,081 $51,634 $1,208 $50,426 $153,081
58 $102,356 $51,634 $909 $50,725 $102,356
59 $51,329 $51,634 $608 $51,026 $51,329
60 $0 $51,634 $305 $51,329 $0

$3,098,034 $498,034 $2,600,000

 iliar la empresa de 3 Instituciones Financiera diferentes de la localidad.
tipo de prstamos elegido para el proyecto. (Considerar comprobacin con Valor Futuro y Valor Presente)
l, para poder obtener el monto para la ejecucin del proyecto, sin necesidad de financiarse
nes Especial del VDT")

2,600,000.00
7.36%
S/.640,240.12
5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,600,000.00

CUOTA S/.51,633.89
PLAZO 60
TEM 0.59% **^^^^
 LA ELEGIDA

Credito

CUADRO DE AMORTIZACIN ANUAL

Fin de Ao Principal (Inicio Pago Principal

Prstamos Inters (%) Principal (Fin
de Ao) de Ao)

0 2,600,000.00
1 $2,149,685 $637,515 $187,200 $450,315 $2,149,685
2 $1,666,947 $637,515 $154,777 $482,738 $1,666,947
3 $1,149,452 $637,515 $120,020 $517,495 $1,149,452
4 $594,697 $637,515 $82,761 $554,755 $594,697
5 $0 $637,515 $42,818 $594,697 $0

$3,187,576 $587,576 $2,600,000 $5,560,780

CUADRO DE AMORTIZACIN MENSUAL

Principal
Fin de Mes Principal (Inicio Pago
Prstamos Inters (%) Principal (Fin de
de Mes) Mes)
0 $2,600,000
1 $2,563,799 $51,634 $15,433 $36,201 $2,563,799
2 $2,527,383 $51,634 $15,218 $36,416 $2,527,383
3 $2,490,751 $51,634 $15,002 $36,632 $2,490,751
4 $2,453,901 $51,634 $14,784 $36,850 $2,453,901
5 $2,416,833 $51,634 $14,566 $37,068 $2,416,833
6 $2,379,544 $51,634 $14,346 $37,288 $2,379,544
7 $2,342,035 $51,634 $14,124 $37,510 $2,342,035
8 $2,304,302 $51,634 $13,902 $37,732 $2,304,302
9 $2,266,346 $51,634 $13,678 $37,956 $2,266,346
10 $2,228,164 $51,634 $13,452 $38,182 $2,228,164
11 $2,189,756 $51,634 $13,226 $38,408 $2,189,756
12 $2,151,120 $51,634 $12,998 $38,636 $2,151,120
13 $2,112,254 $51,634 $12,768 $38,866 $2,112,254
14 $2,073,158 $51,634 $12,538 $39,096 $2,073,158
15 $2,033,830 $51,634 $12,306 $39,328 $2,033,830
16 $1,994,268 $51,634 $12,072 $39,562 $1,994,268
17 $1,954,471 $51,634 $11,837 $39,797 $1,954,471
18 $1,914,439 $51,634 $11,601 $40,033 $1,914,439
19 $1,874,168 $51,634 $11,363 $40,270 $1,874,168
20 $1,833,659 $51,634 $11,124 $40,509 $1,833,659
21 $1,792,909 $51,634 $10,884 $40,750 $1,792,909
22 $1,751,917 $51,634 $10,642 $40,992 $1,751,917
23 $1,710,682 $51,634 $10,399 $41,235 $1,710,682
24 $1,669,202 $51,634 $10,154 $41,480 $1,669,202
25 $1,627,476 $51,634 $9,908 $41,726 $1,627,476
26 $1,585,502 $51,634 $9,660 $41,974 $1,585,502
27 $1,543,280 $51,634 $9,411 $42,223 $1,543,280
28 $1,500,806 $51,634 $9,160 $42,473 $1,500,806
29 $1,458,080 $51,634 $8,908 $42,726 $1,458,080
30 $1,415,101 $51,634 $8,655 $42,979 $1,415,101
31 $1,371,867 $51,634 $8,400 $43,234 $1,371,867
32 $1,328,376 $51,634 $8,143 $43,491 $1,328,376
33 $1,284,627 $51,634 $7,885 $43,749 $1,284,627
34 $1,240,618 $51,634 $7,625 $44,009 $1,240,618
35 $1,196,348 $51,634 $7,364 $44,270 $1,196,348
36 $1,151,815 $51,634 $7,101 $44,533 $1,151,815
37 $1,107,018 $51,634 $6,837 $44,797 $1,107,018
38 $1,061,955 $51,634 $6,571 $45,063 $1,061,955
39 $1,016,625 $51,634 $6,303 $45,330 $1,016,625
40 $971,025 $51,634 $6,034 $45,600 $971,025
41 $925,155 $51,634 $5,764 $45,870 $925,155
42 $879,013 $51,634 $5,491 $46,142 $879,013
43 $832,596 $51,634 $5,218 $46,416 $832,596
44 $785,904 $51,634 $4,942 $46,692 $785,904
45 $738,935 $51,634 $4,665 $46,969 $738,935
46 $691,687 $51,634 $4,386 $47,248 $691,687
47 $644,159 $51,634 $4,106 $47,528 $644,159
48 $596,349 $51,634 $3,824 $47,810 $596,349
49 $548,255 $51,634 $3,540 $48,094 $548,255
50 $499,875 $51,634 $3,254 $48,380 $499,875
51 $451,208 $51,634 $2,967 $48,667 $451,208
52 $402,253 $51,634 $2,678 $48,956 $402,253
53 $353,006 $51,634 $2,388 $49,246 $353,006
54 $303,468 $51,634 $2,095 $49,539 $303,468
55 $253,635 $51,634 $1,801 $49,833 $253,635
56 $203,507 $51,634 $1,505 $50,128 $203,507
57 $153,081 $51,634 $1,208 $50,426 $153,081
58 $102,356 $51,634 $909 $50,725 $102,356
59 $51,329 $51,634 $608 $51,026 $51,329
60 $0 $51,634 $305 $51,329 $0
61
62
63
64
65
66
67
68
69
70
71
72
$3,098,034 $498,034 $2,600,000
Credito

PRSTAMO COMERCIAL 2,600,000.00

TASA DE INTERS 7.20%
CUOTA S/.637,515.24
PLAZO AOS 5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,600,000.00

CUOTA S/.51,449.74
PLAZO 60
TEM 0.58% **^^^^
 Scotiabank

PRSTAMO COMERCIAL
TASA DE INTERS
CUOTA
PLAZO AOS

CUADRO DE AMORTIZACIN ANUAL

Fin de Ao Principal (Inicio Pago Principal

Prstamos Inters (%) Principal (Fin
de Ao) de Ao)

0 2,600,000.00
1 $2,151,120 $640,240 $191,360 $448,880 $2,151,120
2 $1,669,202 $640,240 $158,322 $481,918 $1,669,202
3 $1,151,815 $640,240 $122,853 $517,387 $1,151,815
4 $596,349 $640,240 $84,774 $555,467 $596,349
5 $0 $640,240 $43,891 $596,349 $0

$3,201,201 $601,201 $2,600,000 $5,568,486

CUADRO DE AMORTIZACIN MENSUAL

Principal
Fin de Mes Principal (Inicio Pago
Prstamos Inters (%) Principal (Fin de
de Mes) Mes)
0 $2,600,000
1 $2,563,799 $51,634 $15,433 $36,201 $2,563,799
2 $2,527,383 $51,634 $15,218 $36,416 $2,527,383
3 $2,490,751 $51,634 $15,002 $36,632 $2,490,751
4 $2,453,901 $51,634 $14,784 $36,850 $2,453,901
5 $2,416,833 $51,634 $14,566 $37,068 $2,416,833
6 $2,379,544 $51,634 $14,346 $37,288 $2,379,544
7 $2,342,035 $51,634 $14,124 $37,510 $2,342,035
8 $2,304,302 $51,634 $13,902 $37,732 $2,304,302
9 $2,266,346 $51,634 $13,678 $37,956 $2,266,346
10 $2,228,164 $51,634 $13,452 $38,182 $2,228,164
11 $2,189,756 $51,634 $13,226 $38,408 $2,189,756
12 $2,151,120 $51,634 $12,998 $38,636 $2,151,120
13 $2,112,254 $51,634 $12,768 $38,866 $2,112,254
14 $2,073,158 $51,634 $12,538 $39,096 $2,073,158
15 $2,033,830 $51,634 $12,306 $39,328 $2,033,830
16 $1,994,268 $51,634 $12,072 $39,562 $1,994,268
17 $1,954,471 $51,634 $11,837 $39,797 $1,954,471
18 $1,914,439 $51,634 $11,601 $40,033 $1,914,439
19 $1,874,168 $51,634 $11,363 $40,270 $1,874,168
20 $1,833,659 $51,634 $11,124 $40,509 $1,833,659
21 $1,792,909 $51,634 $10,884 $40,750 $1,792,909
22 $1,751,917 $51,634 $10,642 $40,992 $1,751,917
23 $1,710,682 $51,634 $10,399 $41,235 $1,710,682
24 $1,669,202 $51,634 $10,154 $41,480 $1,669,202
25 $1,627,476 $51,634 $9,908 $41,726 $1,627,476
26 $1,585,502 $51,634 $9,660 $41,974 $1,585,502
27 $1,543,280 $51,634 $9,411 $42,223 $1,543,280
28 $1,500,806 $51,634 $9,160 $42,473 $1,500,806
29 $1,458,080 $51,634 $8,908 $42,726 $1,458,080
30 $1,415,101 $51,634 $8,655 $42,979 $1,415,101
31 $1,371,867 $51,634 $8,400 $43,234 $1,371,867
32 $1,328,376 $51,634 $8,143 $43,491 $1,328,376
33 $1,284,627 $51,634 $7,885 $43,749 $1,284,627
34 $1,240,618 $51,634 $7,625 $44,009 $1,240,618
35 $1,196,348 $51,634 $7,364 $44,270 $1,196,348
36 $1,151,815 $51,634 $7,101 $44,533 $1,151,815
37 $1,107,018 $51,634 $6,837 $44,797 $1,107,018
38 $1,061,955 $51,634 $6,571 $45,063 $1,061,955
39 $1,016,625 $51,634 $6,303 $45,330 $1,016,625
40 $971,025 $51,634 $6,034 $45,600 $971,025
41 $925,155 $51,634 $5,764 $45,870 $925,155
42 $879,013 $51,634 $5,491 $46,142 $879,013
43 $832,596 $51,634 $5,218 $46,416 $832,596
44 $785,904 $51,634 $4,942 $46,692 $785,904
45 $738,935 $51,634 $4,665 $46,969 $738,935
46 $691,687 $51,634 $4,386 $47,248 $691,687
47 $644,159 $51,634 $4,106 $47,528 $644,159
48 $596,349 $51,634 $3,824 $47,810 $596,349
49 $548,255 $51,634 $3,540 $48,094 $548,255
50 $499,875 $51,634 $3,254 $48,380 $499,875
51 $451,208 $51,634 $2,967 $48,667 $451,208
52 $402,253 $51,634 $2,678 $48,956 $402,253
53 $353,006 $51,634 $2,388 $49,246 $353,006
54 $303,468 $51,634 $2,095 $49,539 $303,468
55 $253,635 $51,634 $1,801 $49,833 $253,635
56 $203,507 $51,634 $1,505 $50,128 $203,507
57 $153,081 $51,634 $1,208 $50,426 $153,081
58 $102,356 $51,634 $909 $50,725 $102,356
59 $51,329 $51,634 $608 $51,026 $51,329
60 $0 $51,634 $305 $51,329 $0

$3,098,034 $498,034 $2,600,000

RSTAMO COMERCIAL 2,600,000.00
TASA DE INTERS 7.36%
CUOTA S/.640,240.12
PLAZO AOS 5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,600,000.00

CUOTA S/.51,633.89
PLAZO 60
TEM 0.59% **^^^^
lgicamente
del proyecto.

y realizarn el
PROYECCIN MES 2017 - PROYECTO 1: Nuevo Punto de Venta Centro Histrico de Truj

INVERSIN T.C 3.3

Alquiler mensual $4,000

INFORMACION DE VENTAS (mes)

El estudio de mercado indic que generaran en el ao 2017 el 80% de las Ventas 2016.
El costo de ventas promedio de la mecadera, ser del 86%
Las compras del ao, son 7% adicional al costo de Ventas del ao
Hay prdida de mercadera del 2% del total de compras
Debido a la dimensin del alquiler del local, alquilan a 2 camiones cochera, cobrando S/200 m

GASTO DE PERSONAL (Mensual)

Sueldo Asig. Familiar SUELDO TOTAL Essalud

Administrador S/. 2,200 85 S/. 2,285 S/.198.00

Personal Ventas S/. 1,200 85 S/. 1,285 S/.108.00
Almacenero S/. 1,000 85 S/. 1,085 S/.90.00
S/. 4,655 S/. 396
(*) Los 3 trabajadores tienen hijos S/. 55,860 S/. 4,752

IGV (Liquidacin)
IGV Ventas - IGV Compras

BASE IMPONIBLE I.G.V.

ventas S/.1,920,409.60 S/.345,673.73
costo S/.1,651,552.26
utilidad bruta S/.268,857.34
compras S/.1,767,160.91 S/.318,088.96
perdida de mercader -S/.35,343.22 -S/.6,361.78
mercaderia neta S/.1,731,817.70 S/.311,727.19
alquiler anual S/.4,800.00 S/.864.00
alquiler inversion S/.158,400.00 S/.28,512.00

IGV A PAGAR S/. 4,570.54

DEPRECIACION 2016 2017
225,192.00 225,192.00
ro Histrico de Trujillo

s Ventas 2016.

a, cobrando S/200 mensuales a cada uno.

GASTO
CTS Vacac Gratif
PLANILLA
S/.222.15 S/. 190.42 S/.413.83 S/. 3,309
S/.124.93 S/. 107.08 S/.232.17 S/. 1,857
S/.105.49 S/. 90.42 S/.195.83 S/. 1,567
S/. 452.57 S/. 387.92 S/. 841.83 S/. 6,733
S/. 5,430.83 S/. 4,655.00 S/. 10,102.00 S/.80,799.83

TOTAL
COSTO DEL PROYECTO
S/.2,006,360.75

S/.2,085,249.88
-S/.41,705.00

S/.5,664.00
S/.186,912.00

S/.2,277,825.88 S/.2,338,437.88
PRESTAMO A SOL 2,400,000.00
 2018 2019 2020 2021
225,192.00 225,192.00 225,192.00 225,192.00
PROYECCIN MES 2017 - PROYECTO 1: Nuevo Punto de Venta Eguren

INVERSIN
Alquiler mensual $5,000 $16,500.0

INFORMACION DE VENTAS (mes)

El estudio de mercado indic que generaran en el ao 2017 el 90% de las Ventas 2016.
El costo de ventas promedio de la mecadera, ser del 85%
Las compras del ao, son 5% adicional al costo de Ventas del ao
Hay prdida de mercadera del 1% del total de compras
Debido a la dimensin del alquiler del local, alquilan a 2 camiones cochera, cobrando S/200 m

GASTO DE PERSONAL (Mensual)

Sueldo Asig. Familiar SUELDO TOTAL

Administrador S/. 2,500 85 S/. 2,585
Personal Ventas S/. 1,500 85 S/. 1,585
Almacenero S/. 1,000 85 S/. 1,085
S/. 5,255
(*) Los 3 trabajadores tienen hijos S/. 63,060

IGV (Liquidacin)
IGV Ventas - IGV Compras
BASE IMPONIBL
ventas S/.2,160,460.80
costo S/.1,836,391.68
utilidad bruta S/.324,069.12
compras S/.1,928,211.26
perdida de mercaderia -S/.19,282.11
mercaderia neta S/.1,908,929.15
alquiler anual S/.4,800.00
alquiler inversion S/.198,000.00

IGV A PAGAR

DEPRECIACION 2017 2018

225,192.00 225,192.00
 T.C 3.3

as Ventas 2016.

ra, cobrando S/200 mensuales a cada uno.

Essalud CTS Vacac Gratif GASTO PLANILLA

S/.232.65 S/.251.32 S/. 215.42 S/. 663.48 S/. 3,948
S/.142.65 S/.154.10 S/. 132.08 S/. 406.82 S/. 2,421
S/.97.65 S/.105.49 S/. 90.42 S/. 278.48 S/. 1,657
S/.472.95 S/. 510.90 S/. 437.92 S/. 1,348.78 S/. 8,026
S/.5,675.40 S/. 6,130.83 S/. 5,255.00 S/. 16,185.40 S/.96,306.63

I.G.V. TOTAL
S/.388,882.94 S/.2,549,343.74

S/.347,078.03 S/.2,275,289.29
-S/.3,470.78 -S/.22,752.89 41,804.91648
S/.343,607.25
S/.864.00 S/.5,664.00
S/.35,640.00 S/.233,640.00

S/. 8,771.70
S/.2,514,593.29 S/.2,583,328.69
PRESTAMO A SOL 2,600,000.00

2019 2020 2021

225,192.00 225,192.00 225,192.00
FINANCIAMIENTO
- Anlisis de las tasas de diferentes tipos de prstamos a la cual se pueda auxiliar la empresa de 3 Insti
- Cuadro de Amortizacin de la Deuda del monto financiado, segn la Tasa y tipo de prstamos elegido
- Presentacin de Clculo del monto que necesitara la empresa ahorrar anual, para poder obtener el m
mediante instituciones financieras. (Considerar frmulas del tema "Aplicaciones Especial del VDT")

PRSTAMO COMERCI
TASA DE INTERS
continental CUOTA
PLAZO AOS

CUADRO DE AMORTIZACIN ANUAL

Principal Pago Principal (Fin de

Fin de Ao (Inicio Inters (%) Principal
de Ao) Prstamos Ao)

0 2,400,000.00
1 $1,985,649 $590,991 $176,640 $414,351 $1,985,649
2 $1,540,802 $590,991 $146,144 $444,847 $1,540,802
3 $1,063,214 $590,991 $113,403 $477,588 $1,063,214
4 $550,476 $590,991 $78,253 $512,738 $550,476
5 $0 $590,991 $40,515 $550,476 $0
6
$2,954,954 $554,954 $2,400,000 $5,140,141

CUADRO DE AMORTIZACIN MENSUAL

Principal Pago Principal (Fin de

Fin de Mes (Inicio Inters (%) Principal
de Mes) Prstamos Mes)

0 $2,400,000
1 $2,366,584 $47,662 $14,246 $33,416 $2,366,584
2 $2,332,969 $47,662 $14,047 $33,615 $2,332,969
3 $2,299,154 $47,662 $13,848 $33,814 $2,299,154
4 $2,265,139 $47,662 $13,647 $34,015 $2,265,139
5 $2,230,922 $47,662 $13,445 $34,217 $2,230,922
6 $2,196,502 $47,662 $13,242 $34,420 $2,196,502
7 $2,161,878 $47,662 $13,038 $34,624 $2,161,878
8 $2,127,048 $47,662 $12,832 $34,830 $2,127,048
9 $2,092,012 $47,662 $12,625 $35,037 $2,092,012
10 $2,056,767 $47,662 $12,417 $35,245 $2,056,767
11 $2,021,313 $47,662 $12,208 $35,454 $2,021,313
12 $1,985,649 $47,662 $11,998 $35,664 $1,985,649
13 $1,949,773 $47,662 $11,786 $35,876 $1,949,773
14 $1,913,684 $47,662 $11,573 $36,089 $1,913,684
15 $1,877,381 $47,662 $11,359 $36,303 $1,877,381
16 $1,840,863 $47,662 $11,144 $36,519 $1,840,863
17 $1,804,127 $47,662 $10,927 $36,735 $1,804,127
18 $1,767,174 $47,662 $10,709 $36,953 $1,767,174
19 $1,730,001 $47,662 $10,489 $37,173 $1,730,001
20 $1,692,608 $47,662 $10,269 $37,393 $1,692,608
21 $1,654,993 $47,662 $10,047 $37,615 $1,654,993
22 $1,617,154 $47,662 $9,823 $37,839 $1,617,154
23 $1,579,091 $47,662 $9,599 $38,063 $1,579,091
24 $1,540,802 $47,662 $9,373 $38,289 $1,540,802
25 $1,502,286 $47,662 $9,146 $38,516 $1,502,286
26 $1,463,541 $47,662 $8,917 $38,745 $1,463,541
27 $1,424,566 $47,662 $8,687 $38,975 $1,424,566
28 $1,385,359 $47,662 $8,456 $39,206 $1,385,359
29 $1,345,920 $47,662 $8,223 $39,439 $1,345,920
30 $1,306,247 $47,662 $7,989 $39,673 $1,306,247
31 $1,266,339 $47,662 $7,753 $39,909 $1,266,339
32 $1,226,193 $47,662 $7,517 $40,145 $1,226,193
33 $1,185,809 $47,662 $7,278 $40,384 $1,185,809
34 $1,145,186 $47,662 $7,039 $40,623 $1,145,186
35 $1,104,321 $47,662 $6,797 $40,865 $1,104,321
36 $1,063,214 $47,662 $6,555 $41,107 $1,063,214
37 $1,021,863 $47,662 $6,311 $41,351 $1,021,863
38 $980,266 $47,662 $6,065 $41,597 $980,266
39 $938,423 $47,662 $5,819 $41,844 $938,423
40 $896,331 $47,662 $5,570 $42,092 $896,331
41 $853,989 $47,662 $5,320 $42,342 $853,989
42 $811,396 $47,662 $5,069 $42,593 $811,396
43 $768,550 $47,662 $4,816 $42,846 $768,550
44 $725,450 $47,662 $4,562 $43,100 $725,450
45 $682,094 $47,662 $4,306 $43,356 $682,094
46 $638,481 $47,662 $4,049 $43,613 $638,481
47 $594,609 $47,662 $3,790 $43,872 $594,609
48 $550,476 $47,662 $3,529 $44,133 $550,476
49 $506,081 $47,662 $3,267 $44,395 $506,081
50 $461,423 $47,662 $3,004 $44,658 $461,423
51 $416,500 $47,662 $2,739 $44,923 $416,500
52 $371,310 $47,662 $2,472 $45,190 $371,310
53 $325,852 $47,662 $2,204 $45,458 $325,852
54 $280,124 $47,662 $1,934 $45,728 $280,124
55 $234,125 $47,662 $1,663 $45,999 $234,125
56 $187,852 $47,662 $1,390 $46,272 $187,852
57 $141,305 $47,662 $1,115 $46,547 $141,305
58 $94,482 $47,662 $839 $46,823 $94,482
59 $47,381 $47,662 $561 $47,101 $47,381
60 $0 $47,662 $281 $47,381 $0

$2,859,723 $459,723 $2,400,000

 iliar la empresa de 3 Instituciones Financiera diferentes de la localidad.
tipo de prstamos elegido para el proyecto. (Considerar comprobacin con Valor Futuro y Valor Presente)
l, para poder obtener el monto para la ejecucin del proyecto, sin necesidad de financiarse
nes Especial del VDT")

2,400,000.00
7.36%
S/.590,990.88
5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,400,000.00

CUOTA S/.47,662.05
PLAZO 60
TEM 0.59% **^^^^
 LA ELEGIDA

Credito

CUADRO DE AMORTIZACIN ANUAL

Fin de Ao Principal (Inicio Pago Principal

Prstamos Inters (%) Principal (Fin
de Ao) de Ao)

0 2,400,000.00
1 $1,984,324 $588,476 $172,800 $415,676 $1,984,324
2 $1,538,720 $588,476 $142,871 $445,604 $1,538,720
3 $1,061,032 $588,476 $110,788 $477,688 $1,061,032
4 $548,951 $588,476 $76,394 $512,081 $548,951
5 $0 $588,476 $39,524 $548,951 $0

$2,942,378 $542,378 $2,400,000 $5,133,028

CUADRO DE AMORTIZACIN MENSUAL

Principal
Fin de Mes Principal (Inicio Pago
Prstamos Inters (%) Principal (Fin de
de Mes) Mes)
0 $2,400,000
1 $2,366,584 $47,662 $14,246 $33,416 $2,366,584
2 $2,332,969 $47,662 $14,047 $33,615 $2,332,969
3 $2,299,154 $47,662 $13,848 $33,814 $2,299,154
4 $2,265,139 $47,662 $13,647 $34,015 $2,265,139
5 $2,230,922 $47,662 $13,445 $34,217 $2,230,922
6 $2,196,502 $47,662 $13,242 $34,420 $2,196,502
7 $2,161,878 $47,662 $13,038 $34,624 $2,161,878
8 $2,127,048 $47,662 $12,832 $34,830 $2,127,048
9 $2,092,012 $47,662 $12,625 $35,037 $2,092,012
10 $2,056,767 $47,662 $12,417 $35,245 $2,056,767
11 $2,021,313 $47,662 $12,208 $35,454 $2,021,313
12 $1,985,649 $47,662 $11,998 $35,664 $1,985,649
13 $1,949,773 $47,662 $11,786 $35,876 $1,949,773
14 $1,913,684 $47,662 $11,573 $36,089 $1,913,684
15 $1,877,381 $47,662 $11,359 $36,303 $1,877,381
16 $1,840,863 $47,662 $11,144 $36,519 $1,840,863
17 $1,804,127 $47,662 $10,927 $36,735 $1,804,127
18 $1,767,174 $47,662 $10,709 $36,953 $1,767,174
19 $1,730,001 $47,662 $10,489 $37,173 $1,730,001
20 $1,692,608 $47,662 $10,269 $37,393 $1,692,608
21 $1,654,993 $47,662 $10,047 $37,615 $1,654,993
22 $1,617,154 $47,662 $9,823 $37,839 $1,617,154
23 $1,579,091 $47,662 $9,599 $38,063 $1,579,091
24 $1,540,802 $47,662 $9,373 $38,289 $1,540,802
25 $1,502,286 $47,662 $9,146 $38,516 $1,502,286
26 $1,463,541 $47,662 $8,917 $38,745 $1,463,541
27 $1,424,566 $47,662 $8,687 $38,975 $1,424,566
28 $1,385,359 $47,662 $8,456 $39,206 $1,385,359
29 $1,345,920 $47,662 $8,223 $39,439 $1,345,920
30 $1,306,247 $47,662 $7,989 $39,673 $1,306,247
31 $1,266,339 $47,662 $7,753 $39,909 $1,266,339
32 $1,226,193 $47,662 $7,517 $40,145 $1,226,193
33 $1,185,809 $47,662 $7,278 $40,384 $1,185,809
34 $1,145,186 $47,662 $7,039 $40,623 $1,145,186
35 $1,104,321 $47,662 $6,797 $40,865 $1,104,321
36 $1,063,214 $47,662 $6,555 $41,107 $1,063,214
37 $1,021,863 $47,662 $6,311 $41,351 $1,021,863
38 $980,266 $47,662 $6,065 $41,597 $980,266
39 $938,423 $47,662 $5,819 $41,844 $938,423
40 $896,331 $47,662 $5,570 $42,092 $896,331
41 $853,989 $47,662 $5,320 $42,342 $853,989
42 $811,396 $47,662 $5,069 $42,593 $811,396
43 $768,550 $47,662 $4,816 $42,846 $768,550
44 $725,450 $47,662 $4,562 $43,100 $725,450
45 $682,094 $47,662 $4,306 $43,356 $682,094
46 $638,481 $47,662 $4,049 $43,613 $638,481
47 $594,609 $47,662 $3,790 $43,872 $594,609
48 $550,476 $47,662 $3,529 $44,133 $550,476
49 $506,081 $47,662 $3,267 $44,395 $506,081
50 $461,423 $47,662 $3,004 $44,658 $461,423
51 $416,500 $47,662 $2,739 $44,923 $416,500
52 $371,310 $47,662 $2,472 $45,190 $371,310
53 $325,852 $47,662 $2,204 $45,458 $325,852
54 $280,124 $47,662 $1,934 $45,728 $280,124
55 $234,125 $47,662 $1,663 $45,999 $234,125
56 $187,852 $47,662 $1,390 $46,272 $187,852
57 $141,305 $47,662 $1,115 $46,547 $141,305
58 $94,482 $47,662 $839 $46,823 $94,482
59 $47,381 $47,662 $561 $47,101 $47,381
60 $0 $47,662 $281 $47,381 $0
61
62
63
64
65
66
67
68
69
70
71
72
$2,859,723 $459,723 $2,400,000
Credito

PRSTAMO COMERCIAL 2,400,000.00

TASA DE INTERS 7.20%
CUOTA S/.588,475.60
PLAZO AOS 5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,400,000.00

CUOTA S/.47,492.07
PLAZO 60
TEM 0.58% **^^^^
 Scotiabank

PRSTAMO COMERCIAL
TASA DE INTERS
CUOTA
PLAZO AOS

CUADRO DE AMORTIZACIN ANUAL

Fin de Ao Principal (Inicio Pago Principal

Prstamos Inters (%) Principal (Fin
de Ao) de Ao)

0 2,400,000.00
1 $1,985,649 $590,991 $176,640 $414,351 $1,985,649
2 $1,540,802 $590,991 $146,144 $444,847 $1,540,802
3 $1,063,214 $590,991 $113,403 $477,588 $1,063,214
4 $550,476 $590,991 $78,253 $512,738 $550,476
5 $0 $590,991 $40,515 $550,476 $0

$2,954,954 $554,954 $2,400,000 $5,140,141

CUADRO DE AMORTIZACIN MENSUAL

Principal
Fin de Mes Principal (Inicio Pago
Prstamos Inters (%) Principal (Fin de
de Mes) Mes)
0 $2,400,000
1 $2,366,584 $47,662 $14,246 $33,416 $2,366,584
2 $2,332,969 $47,662 $14,047 $33,615 $2,332,969
3 $2,299,154 $47,662 $13,848 $33,814 $2,299,154
4 $2,265,139 $47,662 $13,647 $34,015 $2,265,139
5 $2,230,922 $47,662 $13,445 $34,217 $2,230,922
6 $2,196,502 $47,662 $13,242 $34,420 $2,196,502
7 $2,161,878 $47,662 $13,038 $34,624 $2,161,878
8 $2,127,048 $47,662 $12,832 $34,830 $2,127,048
9 $2,092,012 $47,662 $12,625 $35,037 $2,092,012
10 $2,056,767 $47,662 $12,417 $35,245 $2,056,767
11 $2,021,313 $47,662 $12,208 $35,454 $2,021,313
12 $1,985,649 $47,662 $11,998 $35,664 $1,985,649
13 $1,949,773 $47,662 $11,786 $35,876 $1,949,773
14 $1,913,684 $47,662 $11,573 $36,089 $1,913,684
15 $1,877,381 $47,662 $11,359 $36,303 $1,877,381
16 $1,840,863 $47,662 $11,144 $36,519 $1,840,863
17 $1,804,127 $47,662 $10,927 $36,735 $1,804,127
18 $1,767,174 $47,662 $10,709 $36,953 $1,767,174
19 $1,730,001 $47,662 $10,489 $37,173 $1,730,001
20 $1,692,608 $47,662 $10,269 $37,393 $1,692,608
21 $1,654,993 $47,662 $10,047 $37,615 $1,654,993
22 $1,617,154 $47,662 $9,823 $37,839 $1,617,154
23 $1,579,091 $47,662 $9,599 $38,063 $1,579,091
24 $1,540,802 $47,662 $9,373 $38,289 $1,540,802
25 $1,502,286 $47,662 $9,146 $38,516 $1,502,286
26 $1,463,541 $47,662 $8,917 $38,745 $1,463,541
27 $1,424,566 $47,662 $8,687 $38,975 $1,424,566
28 $1,385,359 $47,662 $8,456 $39,206 $1,385,359
29 $1,345,920 $47,662 $8,223 $39,439 $1,345,920
30 $1,306,247 $47,662 $7,989 $39,673 $1,306,247
31 $1,266,339 $47,662 $7,753 $39,909 $1,266,339
32 $1,226,193 $47,662 $7,517 $40,145 $1,226,193
33 $1,185,809 $47,662 $7,278 $40,384 $1,185,809
34 $1,145,186 $47,662 $7,039 $40,623 $1,145,186
35 $1,104,321 $47,662 $6,797 $40,865 $1,104,321
36 $1,063,214 $47,662 $6,555 $41,107 $1,063,214
37 $1,021,863 $47,662 $6,311 $41,351 $1,021,863
38 $980,266 $47,662 $6,065 $41,597 $980,266
39 $938,423 $47,662 $5,819 $41,844 $938,423
40 $896,331 $47,662 $5,570 $42,092 $896,331
41 $853,989 $47,662 $5,320 $42,342 $853,989
42 $811,396 $47,662 $5,069 $42,593 $811,396
43 $768,550 $47,662 $4,816 $42,846 $768,550
44 $725,450 $47,662 $4,562 $43,100 $725,450
45 $682,094 $47,662 $4,306 $43,356 $682,094
46 $638,481 $47,662 $4,049 $43,613 $638,481
47 $594,609 $47,662 $3,790 $43,872 $594,609
48 $550,476 $47,662 $3,529 $44,133 $550,476
49 $506,081 $47,662 $3,267 $44,395 $506,081
50 $461,423 $47,662 $3,004 $44,658 $461,423
51 $416,500 $47,662 $2,739 $44,923 $416,500
52 $371,310 $47,662 $2,472 $45,190 $371,310
53 $325,852 $47,662 $2,204 $45,458 $325,852
54 $280,124 $47,662 $1,934 $45,728 $280,124
55 $234,125 $47,662 $1,663 $45,999 $234,125
56 $187,852 $47,662 $1,390 $46,272 $187,852
57 $141,305 $47,662 $1,115 $46,547 $141,305
58 $94,482 $47,662 $839 $46,823 $94,482
59 $47,381 $47,662 $561 $47,101 $47,381
60 $0 $47,662 $281 $47,381 $0

$2,859,723 $459,723 $2,400,000

RSTAMO COMERCIAL 2400000
TASA DE INTERS 7.36%
CUOTA S/.590,990.88
PLAZO AOS 5

Tendrn que colocar el link y pantallazo, de donde obtuvieron la

TCEA del tipo de prstamo y de la institucin financiera, lgicamente
que genere el menor gasto financiero para la ejecucin del proyecto.

Calcularan con la formula equivalente el TCEA mensual, y realizarn el

Cronograma mensual del primero ao de deuda.

PRSTAMO COMERCIAL 2,400,000.00

CUOTA S/.47,662.05
PLAZO 60
TEM 0.59% **^^^^
lgicamente
del proyecto.

y realizarn el
FLUJO DE CAJA
(Tendrn en cuenta el Flujo de Caja de los 3 Escenarios(Optimista - Ms probable - Pesimista) Considerar la pr

Tendrn en cuenta el clculo de la TIR y el VAN de sus Flujos ms probables para que tengan indicadores clar

2%
FLUJO DE CAJA PESIMISTA
DETALLE
2016 2017 2018
Ventas S/.2,160,460.80 S/.2,203,670.02
Otros Ingresos
TOTAL INGRESOS S/.0 S/.2,160,461 S/.2,203,670
Costo de Ventas -S/.1,836,391.68 -S/.1,873,119.51
Gastos Administrativos -S/.31,020 -S/.31,020
Gasto de Ventas -S/.19,020 -S/.19,020
Sueldo Bsico -S/.13,020 -S/.13,020
Essalud -S/.5,675 -S/.5,675
AFP/ONP S/.0 S/.0
Vacaciones -S/.5,255 -S/.5,255
Gratificaciones -S/.16,185 -S/.16,185
CTS -S/.6,131 -S/.6,131
IGV -S/.8,772 -S/.8,772
(-) Depreciacin -S/.225,192 -S/.225,192
Otros Gastos
TOTAL EGRESOS S/.0 -S/.2,166,662 -S/.2,203,390
UTILIDAD ANTES DE IMP S/.0 -S/.6,201 S/.280
(-) Impuesto a la Renta S/.0.00 -S/.1,829.36 S/.83
UTILIDAD DESPUES DE IMP S/.0 -S/.4,372 S/.198
(+) Depreciacin S/.0 S/.225,192 S/.225,192
FLUJO ECONMICO S/.0 S/.220,820 S/.225,390

(-) Amortizacin Principal -S/.450,315 -S/.482,738

(-) Amortizacin intereses -S/.187,200 -S/.154,777
(-) Inversin Financiada -S/.2,600,000 S/.0 S/.0
(+) EFI S/.56,160 S/.46,433
FLUJO FINANCIERO -S/.2,600,000 -S/.581,355 -S/.591,082

FLUJO NETO DE CAJA -S/.2,600,000 -S/.360,535 -S/.365,693

TIR =TIR(C39:H39)
VAN =VAN(TCEA%,D39:H39)+C39
 FLUJO DE CAJA PESIMISTA
DETALLE
2016 2017 2018
Ventas S/.1,920,410 S/.1,958,817.79
Otros Ingresos
TOTAL INGRESOS S/.1,920,410 S/.1,958,818
Costo de Ventas -S/.1,651,552 -S/.1,618,521.21
Gastos Administrativos -S/.27,420 -S/.27,420
Gasto de Ventas -S/.15,420 -S/.15,420
Sueldo Bsico -S/.13,020 -S/.13,020
Essalud -S/.4,752 -S/.4,752
AFP/ONP S/.0 S/.0
Vacaciones -S/.4,655 -S/.4,655
Gratificaciones -S/.10,102 -S/.10,102
CTS -S/.5,431 -S/.5,431
IGV -S/.4,571 -S/.4,571
(-) Depreciacin -S/.225,192 -S/.225,192
Otros Gastos S/.0 S/.0
TOTAL EGRESOS -S/.1,962,115 -S/.1,929,084
UTILIDAD ANTES DE IMP -S/.41,705 S/.29,734
(-) Impuesto a la Renta S/.0 S/.8,772
UTILIDAD DESPUES DE IMP -S/.41,705 S/.20,963
(+) Depreciacin S/.225,192 S/.225,192
FLUJO ECONMICO S/.183,487 S/.246,155

(-) Amortizacin Principal -S/.415,676 -S/.445,604

(-) Amortizacin intereses -S/.172,800 -S/.142,871
(-) Inversin Financiada
FLUJO FINANCIERO S/.0 -S/.588,476 -S/.588,476

FLUJO NETO DE CAJA S/.0 -S/.404,989 -S/.342,321

TIR =TIR(C39:H39)
VAN =VAN(TCEA%,D39:H39)+C39
bable - Pesimista) Considerar la proyeccin de Ingresos, Costo y Gastos

para que tengan indicadores claros de la creacin de valor del proyecto a la empresa.

PROYECTO 1
LUJO DE CAJA PESIMISTA
2019 2020 2021
S/.2,247,743.42 S/.2,292,698.28 S/.2,338,552.25

S/.2,247,743 S/.2,292,698 S/.2,338,552

-S/.1,910,581.90 -S/.1,948,793.54 -S/.1,987,769.41
-S/.31,020 -S/.31,020 -S/.31,020
-S/.19,020 -S/.19,020 -S/.19,020
-S/.13,020 -S/.13,020 -S/.13,020
-S/.5,400 -S/.5,400 -S/.5,400
S/.0 S/.0 S/.0
-S/.5,255 -S/.5,255 -S/.5,255
-S/.11,410 -S/.11,410 -S/.11,410
-S/.6,206 -S/.6,206 -S/.6,206
-S/.8,772 -S/.8,772 -S/.8,772
-S/.225,192 -S/.225,192 -S/.225,192

-S/.2,235,876 -S/.2,274,088 -S/.2,313,064

S/.11,867 S/.18,610 S/.25,488
S/.3,501 S/.5,490 S/.7,519
S/.8,366 S/.13,120 S/.17,969
S/.225,192 S/.225,192 S/.225,192
S/.233,558 S/.238,312 S/.243,161

-S/.517,495 -S/.554,755 -S/.594,697

-S/.120,020 -S/.82,761 -S/.42,818
S/.0 S/.0 S/.0
S/.36,006 S/.24,828 S/.12,845
-S/.601,509 -S/.612,687 -S/.624,670

-S/.367,951 -S/.374,375 -S/.381,509

POSITIVO Y NO MAYOR AL 100% (TIR)

 2% PROYECTO 2
LUJO DE CAJA PESIMISTA
2019 2020 2021
S/.1,997,994.15 S/.2,037,954.03 S/.2,078,713.11

S/.1,997,994 S/.2,037,954 S/.2,078,713

-S/.1,586,150.79 -S/.1,554,427.77 -S/.1,523,339.22
-S/.27,420 -S/.27,420 -S/.27,420
-S/.15,420 -S/.15,420 -S/.15,420
-S/.13,020 -S/.13,020 -S/.13,020
-S/.4,752 -S/.4,752 -S/.4,752
S/.0 S/.0 S/.0
-S/.4,655 -S/.4,655 -S/.4,655
-S/.10,102 -S/.10,102 -S/.10,102
-S/.5,431 -S/.5,431 -S/.5,431
-S/.4,571 -S/.4,571 -S/.4,571
-S/.225,192 -S/.225,192 -S/.225,192
S/.0 S/.0 S/.0
-S/.1,896,713 -S/.1,864,990 -S/.1,833,902
S/.101,281 S/.172,964 S/.244,812
S/.29,878 S/.51,024 S/.72,219
S/.71,403 S/.121,940 S/.172,592
S/.225,192 S/.225,192 S/.225,192
S/.296,595 S/.347,132 S/.397,784

-S/.477,688 -S/.512,081 -S/.548,951

-S/.110,788 -S/.76,394 -S/.39,524

-S/.588,476 -S/.588,476 -S/.588,476

-S/.291,881 -S/.241,344 -S/.190,691

to a la empresa.

YECTO 1 6%
FLUJO DE CAJA MS PROBABLE
DETALLE
2016 2017 2018 2019
Ventas S/.2,160,460.80 S/.2,290,088.45 S/.2,427,493.75
Otros Ingresos
TOTAL INGRESOS S/.2,160,461 S/.2,290,088 S/.2,427,494
costo de ventas -S/.1,836,392 -S/.1,652,752.51 -S/.1,487,477.26
Gastos Administrativos -S/.31,020 -S/.31,020 -S/.31,020
Gasto de Ventas -S/.19,020 -S/.19,020 -S/.19,020
Sueldo Bsico -S/.13,020 -S/.13,020 -S/.13,020
Essalud -S/.5,400 -S/.5,400 -S/.5,400
AFP/ONP S/.0 S/.0 S/.0
Vacaciones -S/.5,255 -S/.5,255 -S/.5,255
Gratificaciones -S/.11,410 -S/.11,410 -S/.11,410
CTS -S/.6,206 -S/.6,206 -S/.6,206
IGV -S/.8,772 -S/.8,772 -S/.8,772
(-) Depreciacin -S/.225,192 -S/.225,192 -S/.225,192
Otros Gastos S/.0 S/.0 S/.0
TOTAL EGRESOS -S/.2,161,686 -S/.1,978,047 -S/.1,812,772
UTILIDAD ANTES DE IMP -S/.1,225 S/.312,041 S/.614,722
(-) Impuesto a la Renta S/.0 S/.92,052 S/.181,343
UTILIDAD DESPUES DE IMP -S/.1,225 S/.219,989 S/.433,379
(+) Depreciacin S/.225,192 S/.225,192 S/.225,192
FLUJO ECONMICO S/.223,967 S/.445,181 S/.658,571

(-) Amortizacin Principal -S/.450,315 -S/.482,738 -S/.517,495

(-) Amortizacin intereses -S/.187,200 -S/.154,777 -S/.120,020
(-) Inversin - Activo Fijo -S/.2,600,000

FLUJO DE CAJA FINANCIERO -S/.2,600,000 -S/.637,515 -S/.637,515 -S/.637,515

FLUJO NETO DE CAJA -S/.2,600,000 -S/.413,549 -S/.192,334 S/.21,056

TIR =TIR(K39:P39)
VAN =VAN(TCEA%,L39:P39)+K39
YECTO 2 6%
FLUJO DE CAJA MS PROBABLE
DETALLE
2016 2017 2018 2019
Ventas S/.1,920,410 S/.2,035,634.18 S/.2,157,772.23
Otros Ingresos
TOTAL INGRESOS S/.1,920,410 S/.2,035,634 S/.2,157,772
Pago de Mercadera -S/.1,651,552 -S/.1,585,490.17 -S/.1,522,070.56
Gastos Administrativos -S/.27,420 -S/.27,420 -S/.27,420
Gasto de Ventas -S/.15,420 -S/.15,420 -S/.15,420
Sueldo Bsico -S/.13,020 -S/.13,020 -S/.13,020
Essalud -S/.4,752 -S/.4,752 -S/.4,752
AFP/ONP S/.0 S/.0 S/.0
Vacaciones -S/.4,655 -S/.4,655 -S/.4,655
Gratificaciones -S/.10,102 -S/.10,102 -S/.10,102
CTS -S/.5,431 -S/.5,431 -S/.5,431
IGV -S/.4,571 -S/.4,571 -S/.4,571
(-) Depreciacin -S/.225,192 -S/.225,192 -S/.225,192
Otros Gastos S/.0 S/.0 S/.0
TOTAL EGRESOS -S/.1,962,115 -S/.1,896,053 -S/.1,832,633
UTILIDAD ANTES DE IMP -S/.41,705 S/.139,582 S/.325,139
(-) Impuesto a la Renta S/.0 S/.41,177 S/.95,916
UTILIDAD DESPUES DE IMP -S/.41,705 S/.98,405 S/.229,223
(+) Depreciacin S/.225,192 S/.225,192 S/.225,192
FLUJO ECONMICO S/.183,487 S/.323,597 S/.454,415

(-) Amortizacin Principal -S/.415,676 -S/.445,604 -S/.477,688

(-) Amortizacin intereses -S/.172,800 -S/.142,871 -S/.110,788
(-) Inversin - Activo Fijo S/.0
FLUJO DE CAJA FINANCIERO S/.0 -S/.588,476 -S/.588,476 -S/.588,476

FLUJO NETO DE CAJA S/.0 -S/.404,989 -S/.264,879 -S/.134,060

TIR =TIR(K39:P39)
VAN =VAN(TCEA%,L39:P39)+K39
S PROBABLE
DETALLE
2020 2021 2016
S/.2,573,143.38 S/.2,727,531.98 Ventas
Otros Ingresos
S/.2,573,143 S/.2,727,532 TOTAL INGRESOS S/.0
-S/.1,338,729.53 -S/.1,204,856.58 Pago de Mercadera
-S/.31,020 -S/.31,020 Gastos Administrativos
-S/.19,020 -S/.19,020 Gasto de Ventas
-S/.13,020 -S/.13,020 Sueldo Bsico
-S/.5,400 -S/.5,400 Essalud
S/.0 S/.0 AFP/ONP
-S/.5,255 -S/.5,255 Vacaciones
-S/.11,410 -S/.11,410 Gratificaciones
-S/.6,206 -S/.6,206 CTS
-S/.8,772 -S/.8,772 IGV
-S/.225,192 -S/.225,192 (-) Depreciacin
S/.0 S/.0 Otros Gastos
-S/.1,664,024 -S/.1,530,151 TOTAL EGRESOS
S/.909,119 S/.1,197,381 UTILIDAD ANTES DE IMP
S/.268,190 S/.353,227 (-) Impuesto a la Renta
S/.640,929 S/.844,154 UTILIDAD DESPUES DE IMP
S/.225,192 S/.225,192 (+) Depreciacin
S/.866,121 S/.1,069,346 FLUJO ECONMICO

-S/.554,755 -S/.594,697 (-) Amortizacin Principal

-S/.82,761 -S/.42,818 (-) Amortizacin intereses
(-) Inversin - Activo Fijo -S/.2,600,000

-S/.637,515 -S/.637,515 FLUJO DE CAJA FINANCIERO -S/.2,600,000

S/.228,606 S/.431,830 FLUJO NETO DE CAJA -S/.2,600,000

TIR =TIR(S39:X39)
VAN =VAN(TCEA%,T39:X39)+S39
S PROBABLE
DETALLE
2020 2021 2016
S/.2,287,238.56 S/.2,424,472.87 Ventas
Otros Ingresos
S/.2,287,239 S/.2,424,473 TOTAL INGRESOS
-S/.1,461,187.74 -S/.1,402,740.23 Pago de Mercadera
-S/.27,420 -S/.27,420 Gastos Administrativos
-S/.15,420 -S/.15,420 Gasto de Ventas
-S/.13,020 -S/.13,020 Sueldo Bsico
-S/.4,752 -S/.4,752 Essalud
S/.0 S/.0 AFP/ONP
-S/.4,655 -S/.4,655 Vacaciones
-S/.10,102 -S/.10,102 Gratificaciones
-S/.5,431 -S/.5,431 CTS
-S/.4,571 -S/.4,571 IGV
-S/.225,192 -S/.225,192 (-) Depreciacin
S/.0 S/.0 Otros Gastos
-S/.1,771,750 -S/.1,713,303 TOTAL EGRESOS
S/.515,488 S/.711,170 UTILIDAD ANTES DE IMP
S/.152,069 S/.209,795 (-) Impuesto a la Renta
S/.363,419 S/.501,375 UTILIDAD DESPUES DE IMP
S/.225,192 S/.225,192 (+) Depreciacin
S/.588,611 S/.726,567 FLUJO ECONMICO

-S/.512,081 -S/.548,951 (-) Amortizacin Principal

-S/.76,394 -S/.39,524 (-) Amortizacin intereses
(-) Inversin - Activo Fijo S/.0
-S/.588,476 -S/.588,476 FLUJO DE CAJA FINANCIERO S/.0

S/.136 S/.138,091 FLUJO NETO DE CAJA S/.0

TIR =TIR(S39:X39)
VAN =VAN(TCEA%,T39:X39)+S39
 9%
FLUJO DE CAJA OPTIMISTA
2017 2018 2019 2020 2021
S/.2,160,460.80 S/.2,354,902.27 S/.2,566,843.48 S/.2,797,859.39 S/.3,049,666.73

S/.2,160,461 S/.2,354,902 S/.2,566,843 S/.2,797,859 S/.3,049,667

-S/.1,836,392 -S/.1,560,932.93 -S/.1,326,792.99 -S/.1,127,774.04 -S/.958,607.93
-S/.31,020 -S/.31,020 -S/.31,020 -S/.31,020 -S/.31,020
-S/.19,020 -S/.19,020 -S/.19,020 -S/.19,020 -S/.19,020
-S/.13,020 -S/.13,020 -S/.13,020 -S/.13,020 -S/.13,020
-S/.5,400 -S/.5,400 -S/.5,400 -S/.5,400 -S/.5,400
S/.0 S/.0 S/.0 S/.0 S/.0
-S/.5,255 -S/.5,255 -S/.5,255 -S/.5,255 -S/.5,255
-S/.11,410 -S/.11,410 -S/.11,410 -S/.11,410 -S/.11,410
-S/.6,206 -S/.6,206 -S/.6,206 -S/.6,206 -S/.6,206
-S/.8,772 -S/.8,772 -S/.8,772 -S/.8,772 -S/.8,772
-S/.225,192 -S/.225,192 -S/.225,192 -S/.225,192 -S/.225,192
S/.0 S/.0 S/.0 S/.0 S/.0
-S/.2,161,686 -S/.1,886,227 -S/.1,652,088 -S/.1,453,069 -S/.1,283,902
-S/.1,225 S/.468,675 S/.914,756 S/.1,344,791 S/.1,765,764
S/.0 S/.126,542 S/.246,984 S/.363,094 S/.476,756
-S/.1,225 S/.342,133 S/.667,772 S/.981,697 S/.1,289,008
S/.225,192 S/.225,192 S/.225,192 S/.225,192 S/.225,192
S/.223,967 S/.567,325 S/.892,964 S/.1,206,889 S/.1,514,200

-S/.450,315 -S/.482,738 -S/.517,495 -S/.554,755 -S/.594,697

-S/.187,200 -S/.154,777 -S/.120,020 -S/.82,761 -S/.42,818

-S/.637,515 -S/.637,515 -S/.637,515 -S/.637,515 -S/.637,515

-S/.413,549 -S/.70,191 S/.255,449 S/.569,374 S/.876,685

TCEA%,T39:X39)+S39
 9%
FLUJO DE CAJA OPTIMISTA
2017 2018 2019 2020 2021
S/.1,920,410 S/.2,093,246.46 S/.2,281,638.65 S/.2,486,986.12 S/.2,710,814.88

S/.1,920,410 S/.2,093,246 S/.2,281,639 S/.2,486,986 S/.2,710,815

-S/.1,651,552 -S/.1,502,912.55 -S/.1,367,650.42 -S/.1,244,561.89 -S/.1,132,551.32
-S/.27,420 -S/.27,420 -S/.27,420 -S/.27,420 -S/.27,420
-S/.15,420 -S/.15,420 -S/.15,420 -S/.15,420 -S/.15,420
-S/.13,020 -S/.13,020 -S/.13,020 -S/.13,020 -S/.13,020
-S/.4,752 -S/.4,752 -S/.4,752 -S/.4,752 -S/.4,752
S/.0 S/.0 S/.0 S/.0 S/.0
-S/.4,655 -S/.4,655 -S/.4,655 -S/.4,655 -S/.4,655
-S/.10,102 -S/.10,102 -S/.10,102 -S/.10,102 -S/.10,102
-S/.5,431 -S/.5,431 -S/.5,431 -S/.5,431 -S/.5,431
-S/.4,571 -S/.4,571 -S/.4,571 -S/.4,571 -S/.4,571
-S/.225,192 -S/.225,192 -S/.225,192 -S/.225,192 -S/.225,192
S/.0 S/.0 S/.0 S/.0 S/.0
-S/.1,962,115 -S/.1,813,475 -S/.1,678,213 -S/.1,555,124 -S/.1,443,114
-S/.41,705 S/.279,772 S/.603,426 S/.931,862 S/.1,267,701
S/.0 S/.75,538 S/.162,925 S/.251,603 S/.342,279
-S/.41,705 S/.204,233 S/.440,501 S/.680,259 S/.925,422
S/.225,192 S/.225,192 S/.225,192 S/.225,192 S/.225,192
S/.183,487 S/.429,425 S/.665,693 S/.905,451 S/.1,150,614

-S/.415,676 -S/.445,604 -S/.477,688 -S/.512,081 -S/.548,951

-S/.172,800 -S/.142,871 -S/.110,788 -S/.76,394 -S/.39,524

-S/.588,476 -S/.588,476 -S/.588,476 -S/.588,476 -S/.588,476

-S/.404,989 -S/.159,050 S/.77,217 S/.316,976 S/.562,138

TCEA%,T39:X39)+S39
ANLISIS DE RIESGO Y RENDIMIENTO
Tendrn en cuenta el anlisis de Sensibilidad (Intervalos), para verificar a primera vista el proyecto ms riesg
Tendrn en cuenta el clculo de Rendimiento Esperado para verificar qu proyecto generar mayor rendimie
Tendrn en cuenta el clculo de la desviacin estndar y coeficiente de variacin para determinar el proyecto

Clculo del Rendimiento Esperado de los activos

Resultados Rendimiento
Probabilidad Rendimientos
Posibles Esperado
Pesimista 10%
PROYECTO
"A" Ms Probable 50%
Optimista 40%
0%

Resultados Rendimiento
Probabilidad Rendimientos
Posibles Esperado
Pesimista 40%
PROYECTO
Ms Probable 50%
"B"
Optimista 10%
0%

(*) Las probabilidades lo determinana ustedes, segn la circunstancias y realidad de la empresa

(*) Los rendimientos, son las TIR de los flujos de Cajas proyectados para cada escenario
a vista el proyecto ms riesgoso.
to generar mayor rendimiento a la empresa.
para determinar el proyecto ms riesgoso.

Clculo de la Desviacin Estndar COEFICIENTE DE VARIACIN

Kj - K
( ) ^ x
( ) ^
0% 0.00% Pkj 0.00%
#DIV/0!
0% 0.00% 0.00%
0% 0.00% 0.00%
0.00% 0.00%

Kj - ( ) ^ x
K ( ) ^
Pkj
0% 0.00% 0.00%
#DIV/0!
0% 0.00% 0.00%
0% 0.00% 0.00%
0.00% 0.00%

de la empresa
E DE VARIACIN