Flujo de caja (ejemplo) .xlsx

7/23/2019 Flujo de caja (ejemplo) .xlsx

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0 1 2 3Ventas 150,000.00 162,000.00 209,952.00Compras 78,000.00 84,318.00 91,147.76Utilidad bruta en ventas 72,000.00 77,682.00 118,804.24ueldos ! salarios 49,226.89 57,373.77 61,256.19"rriendos 8,400.00 9,240.00 10,164.00

ervi#ios b$si#os 1,440.00 1,584.00 1,742.40%astos &nan#ieros 35,250.00'epre#ia#i(n 5,000.00 5,000.00 35,000.00Utilidad opera#ional 7,933.11 4,484.23 )24,608.3515* + 1,189.97 672.63 )3,691.25Utilidad antes - 6,743.14 3,811.59 )20,917.09- 1,483.49 838.55 )4,601.76Utilidad neta 5,259.65 2,973.04 )16,315.33-nversi(n ini#ial 50,000.00Capital de traba/o 90,000.00

'epre#ia#i(n 5,000.00 5,000.00 35,000.00Crdito 300,000.00Cuota 75,000.00lu/o )140,000.00 10,259.65 7,973.04 243,684.67

V" 105,131.52- 32*

V" 105,131.52- 32*


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4 5 6272,097.79 352,638.74 457,019.81

98,530.73 106,511.72 115,139.16173,567.07 246,127.02 341,880.6465,526.85 70,224.57 75,392.0711,180.40 12,298.44 13,528.28

1,916.64 2,108.30 2,319.1326,437.50 17,625.00 8,812.5035,000.00 35,000.00 35,000.0033,505.68 108,870.71 206,828.65

5,025.85 16,330.61 31,024.3028,479.83 92,540.10 175,804.36

6,265.56 20,358.82 38,676.9622,214.26 72,181.28 137,127.40

35,000.00 35,000.00 35,000.00

75,000.00 75,000.00 75,000.00)17,785.74 32,181.28 97,127.40


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o. Capital Cuota -ntereses Cuotaintereuevo #apita1 300,000.00 75,000.00 35,250.00 110,250.00 225,000.002 225,000.00 75,000.00 26,437.50 101,437.50 150,000.003 150,000.00 75,000.00 17,625.00 92,625.00 75,000.004 75,000.00 75,000.00 8,812.50 83,812.50 )

otal 750,000.00 300,000.00 88,125.00 388,125.00 450,000.00


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l


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2015nero ebrero aro "bril a!o unio

ueldo 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00+atronal 403.87 403.87 403.87 403.87 403.87 403.87'#imo ter#ero'#imo #uarto

ondo de reserva": 3,727.87 3,727.87 3,727.87 3,727.87 3,727.87 3,727.87


ueldo 3,536.40 3,536.40 3,536.40 3,536.40 3,536.40 3,536.40+atronal 429.67 429.67 429.67 429.67 429.67 429.67'#imo ter#ero'#imo #uartoondo de reserva 294.70 294.70 294.70 294.70 294.70 294.70

": 4,260.77 4,260.77 4,260.77 4,260.77 4,260.77 4,260.77



": 4,542.27 4,542.27 4,542.27 4,542.27 4,542.27 4,542.27



": 4,851.92 4,851.92 4,851.92 4,851.92 4,851.92 4,851.92

2019

nero ebrero aro "bril a!o unioueldo 4,309.75 4,309.75 4,309.75 4,309.75 4,309.75 4,309.75+atronal 523.63 523.63 523.63 523.63 523.63 523.63'#imo ter#ero'#imo #uartoondo de reserva 359.15 359.15 359.15 359.15 359.15 359.15

": 5,192.53 5,192.53 5,192.53 5,192.53 5,192.53 5,192.53


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ueldo 4,620.72 4,620.72 4,620.72 4,620.72 4,620.72 4,620.72+atronal 561.42 561.42 561.42 561.42 561.42 561.42'#imo ter#ero'#imo #uarto

ondo de reserva 385.06 385.06 385.06 385.06 385.06 385.06": 5,567.20 5,567.20 5,567.20 5,567.20 5,567.20 5,567.20


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ulio ";osto eptiembre #tubre oviembre 'i#iembre otal 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00 39,888.00

403.87 403.87 403.87 403.87 403.87 403.87 4,846.393,047.00 3,047.00

1,445.50 1,445.50

)3,727.87 5,173.37 3,727.87 3,727.87 3,727.87 6,774.87 49,226.89


429.67 429.67 429.67 429.67 429.67 429.67 5,156.073,518.70 3,518.70

2,725.80 2,725.80294.70 294.70 294.70 294.70 294.70 294.70 3,536.40

4,260.77 6,986.57 4,260.77 4,260.77 4,260.77 7,779.47 57,373.77


458.06 458.06 458.06 458.06 458.06 458.06 5,496.723,750.57 3,750.57

2,998.38 2,998.38314.17 314.17 314.17 314.17 314.17 314.17 3,770.04

4,542.27 7,540.65 4,542.27 4,542.27 4,542.27 8,292.84 61,256.19


489.29 489.29 489.29 489.29 489.29 489.29 5,871.434,005.63 4,005.63

3,298.22 3,298.22335.59 335.59 335.59 335.59 335.59 335.59 4,027.04

4,851.92 8,150.13 4,851.92 4,851.92 4,851.92 8,857.54 65,526.85


523.63 523.63 523.63 523.63 523.63 523.63 6,283.614,286.19 4,286.19

3,628.04 3,628.04359.15 359.15 359.15 359.15 359.15 359.15 4,309.75

5,192.53 8,820.57 5,192.53 5,192.53 5,192.53 9,478.72 70,224.57


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561.42 561.42 561.42 561.42 561.42 561.42 6,737.014,594.81 4,594.81

3,990.84 3,990.84

385.06 385.06 385.06 385.06 385.06 385.06 4,620.725,567.20 9,558.05 5,567.20 5,567.20 5,567.20 10,162.01 75,392.07


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0 1 2V" 150,000.00 162,000.00) C+" 78,000.00 84,318.00


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3 4 5 6 209,952.00 272,097.79 352,638.74 457,019.81

91,147.76 98,530.73 106,511.72 115,139.16118,804.24 173,567.07 246,127.02 341,880.6461,256.19 65,526.85 70,224.57 75,392.0710,164.00 11,180.40 12,298.44 13,528.28

1,742.40 1,916.64 2,108.30 2,319.1335,250.00 26,437.50 17,625.00 8,812.5035,000.00 35,000.00 35,000.00 35,000.00

)24,608.35 33,505.68 108,870.71 206,828.65)3,691.25 5,025.85 16,330.61 31,024.30

)20,917.09 28,479.83 92,540.10 175,804.36)4,601.76 6,265.56 20,358.82 38,676.96

)16,315.33 22,214.26 72,181.28 137,127.40

35,000.00 35,000.00 35,000.00 35,000.00300,000.0075,000.00 75,000.00 75,000.00 75,000.00

243,684.67 )17,785.74 32,181.28 97,127.40


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CU" C"+-": - CU" -UV C"+-":

2016 ?1A 300,000.00 75,000.00 35,250.00 110,250.00 225,000.002017 ?2A 225,000.00 75,000.00 26,437.50 101,437.50 150,000.002018 ?3A 150,000.00 75,000.00 17,625.00 92,625.00 75,000.00

2019 ?4A 75,000.00 75,000.00 8,812.50 83,812.50 )300,000.00 88,125.00 388,125.00


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"B 2015 = "

U:' 3,324.00 3,324.00 3,324.00D" E" ) ) )D" U+:"-" ) ) )

'C- C ) ) )'C- CU ) ) )' ' V" ) ) )"+ +"": 403.87 403.87 403.87

": 3,727.87 3,727.87 3,727.87

"B 2016'-C 2015 = "

U:' 3,324.00 3,536.40 3,536.40 3,536.40

D" E" ) ) )D" U+:"-" ) ) )'C- C ) ) )'C- CU ) ) )' ' V" 294.70 294.70 294.70"+ +"": 429.67 429.67 429.67

": 4,260.77 4,260.77 4,260.77

"B 2017'-C 2015 = "

U:' 3,536.40 3,770.04 3,770.04 3,770.04D" E" ) ) )D" U+:"-" ) ) )'C- C ) ) )'C- CU ) ) )' ' V" 314.17 314.17 314.17"+ +"": 458.06 458.06 458.06

": 4,542.27 4,542.27 4,542.27

"B 2018'-C 2015 = "

U:' 3,770.04 4,027.04 4,027.04 4,027.04D" E" ) ) )D" U+:"-" ) ) )'C- C ) ) )'C- CU ) ) )' ' V" 335.59 335.59 335.59


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"+ +"": 489.29 489.29 489.29": 4,851.92 4,851.92 4,851.92

"B 2019'-C 2015 = "

U:' 4,027.04 4,309.75 4,309.75 4,309.75D" E" ) ) )D" U+:"-" ) ) )'C- C ) ) )'C- CU ) ) )' ' V" 359.15 359.15 359.15"+ +"": 523.63 523.63 523.63

": 5,192.53 5,192.53 5,192.53

"B 2020 '-C 2015 = "U:' 4,309.75 4,620.72 4,620.72 4,620.72D" E" ) ) )D" U+:"-" ) ) )'C- C ) ) )'C- CU ) ) )' ' V" 385.06 385.06 385.06"+ +"": 561.42 561.42 561.42

": 5,567.20 5,567.20 5,567.20


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"=-: "> U- U:- "% +-= 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00 3,324.00

) ) ) ) ) )) ) ) ) ) )

) ) ) ) ) )) ) ) ) 1,445.50 )) ) ) ) ) )

403.87 403.87 403.87 403.87 403.87 403.873,727.87 3,727.87 3,727.87 3,727.87 5,173.37 3,727.87

"=-: "> U- U:- "% +-= 3,536.40 3,536.40 3,536.40 3,536.40 3,536.40 3,536.40

) ) ) ) ) )) ) ) ) ) )) ) ) ) ) )) ) ) ) 2,725.80 )

294.70 294.70 294.70 294.70 294.70 294.70429.67 429.67 429.67 429.67 429.67 429.67

4,260.77 4,260.77 4,260.77 4,260.77 6,986.57 4,260.77

"=-: "> U- U:- "% +-= 3,770.04 3,770.04 3,770.04 3,770.04 3,770.04 3,770.04

) ) ) ) ) )) ) ) ) ) )) ) ) ) ) )) ) ) ) 2,998.38 )

314.17 314.17 314.17 314.17 314.17 314.17458.06 458.06 458.06 458.06 458.06 458.06

4,542.27 4,542.27 4,542.27 4,542.27 7,540.65 4,542.27

"=-: "> U- U:- "% +-= 4,027.04 4,027.04 4,027.04 4,027.04 4,027.04 4,027.04

) ) ) ) ) )) ) ) ) ) )) ) ) ) ) )) ) ) ) 3,298.22 )

335.59 335.59 335.59 335.59 335.59 335.59


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489.29 489.29 489.29 489.29 489.29 489.294,851.92 4,851.92 4,851.92 4,851.92 8,150.13 4,851.92

"=-: "> U- U:- "% +-=

4,309.75 4,309.75 4,309.75 4,309.75 4,309.75 4,309.75) ) ) ) ) )) ) ) ) ) )) ) ) ) ) )) ) ) ) 3,628.04 )

359.15 359.15 359.15 359.15 359.15 359.15523.63 523.63 523.63 523.63 523.63 523.63

5,192.53 5,192.53 5,192.53 5,192.53 8,820.57 5,192.53

"=-: "> U- U:- "% +-= 4,620.72 4,620.72 4,620.72 4,620.72 4,620.72 4,620.72

) ) ) ) ) )) ) ) ) ) )) ) ) ) ) )) ) ) ) 3,990.84 )

385.06 385.06 385.06 385.06 385.06 385.06561.42 561.42 561.42 561.42 561.42 561.42

5,567.20 5,567.20 5,567.20 5,567.20 9,558.05 5,567.20


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CU= V-= '-C-= ": 3,324.00 3,324.00 3,324.00 39,888.00

) ) ) )) ) ) )

) ) 3,047.00 3,047.00) ) ) 1,445.50) ) ) )

403.87 403.87 403.87 4,846.393,727.87 3,727.87 6,774.87 49,226.89

CU= V-= '-C-= ": 3,536.40 3,536.40 3,536.40 42,436.80

) ) ) )) ) ) )) ) 3,518.70 3,518.70) ) ) 2,725.80

294.70 294.70 294.70 3,536.40429.67 429.67 429.67 5,156.07

4,260.77 4,260.77 7,779.47 57,373.77

CU= V-= '-C-= ": 3,770.04 3,770.04 3,770.04 45,240.48

) ) ) )) ) ) )) ) 3,750.57 3,750.57) ) ) 2,998.38

314.17 314.17 314.17 3,770.04458.06 458.06 458.06 5,496.72

4,542.27 4,542.27 8,292.84 61,256.19

CU= V-= '-C-= ": 4,027.04 4,027.04 4,027.04 48,324.53

) ) ) )) ) ) )) ) 4,005.63 4,005.63) ) ) 3,298.22

335.59 335.59 335.59 4,027.04


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489.29 489.29 489.29 5,871.434,851.92 4,851.92 8,857.54 65,526.85

CU= V-= '-C-= ":

4,309.75 4,309.75 4,309.75 51,716.98) ) ) )) ) ) )) ) 4,286.19 4,286.19) ) ) 3,628.04

359.15 359.15 359.15 4,309.75523.63 523.63 523.63 6,283.61

5,192.53 5,192.53 9,478.72 70,224.57

CU= V-= '-C-= ": 4,620.72 4,620.72 4,620.72 55,448.68

) ) ) )) ) ) )) ) 4,594.81 4,594.81) ) ) 3,990.84

385.06 385.06 385.06 4,620.72561.42 561.42 561.42 6,737.01

5,567.20 5,567.20 10,162.01 75,392.07


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"B :U +>C E>0 )30,000.001 15,000.00 FFF2 12,000.00 27,000.00

3 8,000.00 30,000.00 3000G8000C E>0 )30,000.001 15,000.002 12,000.00 +>C E>3 8,000.00

4 3,000.00 V"-

a. 61.613,28

b. 1.613,28

c. 5.964.44

9. Con los flujos neos de efec!"o para el pro#eco $%&', despu(s de !)puesos esperados a fu

d.

3,38

El *alor +cual eo esde:

d. 28.-78.71


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11

0.375 2.38

rados a Iuturo.

"" -V-10* 30,000.00

1,613.28

ro.


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"B +>C E +>C >0 10,000.00 10,000.001 6,500.00 3,500.00

2 3,000.00 3,500.003 3,000.00 3,500.004 1,000.00 35,000.00

PERIODO DE RECUPERO

"B +>C E CU+ "B +>C > CU+0 )10,000.00 0 )10,000.001 6,500.00 6,500.00 1 1 3,500.00 3,500.002 3,000.00 9,500.00 1 2 3,500.00 7,000.003 3,000.00 10,000.00 500G3000< 0.17 3 3,500.00 10,000.004 1,000.00 P. RECUPERO 2.17 4 3,500.00

+/+ 120 *+ $966.01 +/+ 120

*E/ 1-,---.-- 18% *E/ 1-,---.--

1. En su cal!dad de erene f!nanc!ero de la e)presa EECE%.

ebe o)ar una dec!s!n en relac!n a los pro#ecos de !n"ers!n % e &.

Cada uno !ene un coso de 1-.--- la asa re;uer!da de rend!)!eno de

cada pro#eco es de 120. os flujos neos de efec!"o esperados de cada

pro#eco son los s!


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/! odos fueran !ndepend!enes deber!an aceparse los 2 pro#ecos

por ;ue de a)bos los "alores del # el *+ son acepables

/! los pro#ecos fueran )uua)ene e>clu#enes deber!a ser acepado elPro#eco % por ;ue es el ;ue nos proporc!ona un *+ )as alo

+/+ 50 *+ $2,325.78 +/+ 50

*E/ 1-,---.-- 18% *E/ 1-,---.--

?Por ;u( ra@n e>!se ese confl!co

b= ?Au( pro#eco o pro#ecos deberan aceparse s! odos fueran !ndepend!enesB

c= ?Au( pro#eco debera ser acepado s! odos fueran )uua)ene e>clu#enesB

d= ?C)o podra un ca)b!o de la asa re;uer!da de rend!)!eno ocas!onar un confl!co enre

los ran!se eseconfl!coB

E>!se confl!co por;ue al apl!car la asa del 50 el *P del pro#eco $&' es super!or al Pro#eco $%', # la !r del pro#eco $%' es )a#or a la !r del


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11

3000G3500< 0.86

P. RECUPERO 2.86

*+ $630.72

15%


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*+ $2,410.83

15%

Pro#eco $&'


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PERIODO DE RECUPERO

"B +>C K CU+0 )52,125.001 12,000.00 12,000.00 12 12,000.00 24,000.00 13 12,000.00 36,000.00 14 12,000.00 48,000.00 15 12,000.00 52,125.00 4125G12000< 0.346 12,000.00 P. RECUPERO 4.347 12,000.008 12,000.00

+/+ 120 *+ $7,486.68

*E/ 52,125.-- 16%


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"B +>C " +>C =0 )300.00 )405.001 )387.00 134.002 )193.00 134.003 )100.00 134.004 500.00 134.005 500.00 134.006 850.00 134.007 100.00 )

P&EC + P

+/+ 90 *+ $346.00 +/+ 90

*E/ 3--.-- 18% *E/ 4-5.--

/on )uua)ene e>clu#enes el pro#eco "!able es el D por ;ue !ene una )as ele"ada

P&EC + P

+/+ 120 *+ $206.77 +/+ 120

*E/ 3--.-- 18% *E/ 4-5.--


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P&EC + P

+/+ 150 *+ $91.33 +/+ 150

*E/ 3--.-- 18% *E/ 4-5.--

o)ando en cuena ;ue son 2 pro#ecos )uua)ene esclu#enes, En los 3 casos el pro#eco ;ue )as nos con"!ene es el pro#eco D por;ue n

pooroporc!ona una del 240


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&EC D

*+ $196.11

24%

&EC D

*+ $145.93

24%


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&EC D

*+ $102.12

24%

s


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"B @U-+ C"- +:" ' C"%"0 )22,430.00 17,100.001 7,500.00 5,100.002 7,500.00 5,100.00

3 7,500.00 5,100.004 7,500.00 5,100.005 7,500.00 5,100.00

"B @U-+ C"- CU+0 )22,430.001 7,500.00 7,500.002 7,500.00 15,000.003 7,500.00 22,430.00 7430G7500C C CU+0 )15,000.001 4,500.00 4,500.002 4,500.00 9,000.003 4,500.00 13,500.004 4,500.00 15,000.00 1500G4500C C +>C> 0 )14,000.00 )22,840.00

1 8,000.00 8,000.002 6,000.00 8,000.00

3 2,000.00 8,000.004 3,000.00 8,000.00

. : +>C @U '-" -+:"" : J#J

31. u empresa est$ #onsiderando dos pro!e#tosmutuamente eL#lu!entes, los pro!e#tos C ! #u!os#ostos ! Hu/os de eIe#tivo se muestran el el si;uiente#uadro

:os pro!e#tos son i;ualmente ries;osos, ! su tasa reMuerida derendimiento es de 12*.Usted deber$ re#omendar #ual pro!e#to deberNa implantarse. +aradeterminar #u$l es el m$s apropiado, #al#ule el V+ ! la - de #adapro!e#to.


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+>C> C "" -V-12* 14,000.00

V" 1,256.14- 17*

+>C "" -V-12* 22,840.00

V" 1,458.79- 15*


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"B :U ': C-V +"'"@U-" ' "@U-" @

0 )2,500.00 )2,500.001 2,000.00 )2 900.00 1,800.003 100.00 1,000.004 100.00 900.00

. : +>C @U '-" -+:"" "@U-" ' C U" - ' 1


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"@U-" ' "" -V-14* 2,500.00

V" 73.61- 16.41*

"@U-" @ "" -V-14* 2,500.00

V" 92.89- 15.57*

.41*

16.41* 15.57*


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"B:U ': C-V +"'

+>C > +>C 0 )25,000.00 )25,000.001 10,000.00 )2 9,000.00 )3 7,000.00 )4 6,000.00 36,000.00

R. EL PROYECO !UE DE"ERI# I$PL#%#R&E E& EL PROYECO POR!


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+>C > "" -V-

10* 25,000.00V" 886.21

- 12*

+>C "" -V-10* 25,000.00

V" )411.52- 10*

E #LC#%'# U% (#% DE 886.21 Y U%# IR DEL 12)


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DERROLLO

"B ': C-V + CU+ :+>C : +>C C

0 )100.00 )100.001 10.00 70.00 102 60.00 50.00 603 80.00 20.00 30

+>C : +>C C"" 10* 10*-V- 100 100

+>C : +>C C

IR 18) 24)

2.375 1.6

"" ' V" +: V" +C0* 50.00 40.005* 33.05 29.29

10* 18.78 19.98

15* 6.67 11.8320* ?3.70A 4.6325* ?12.64A ?1.76A

(#LOR DE

RECUPERO

40.00

50.00

60.00


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V" "" 5*V" "" 10*V" "" 15*V" "" 20*V" "" 25*

?20.00A

?10.00A0.00

10.00

20.00

30.00


49/50

CU+ C

1 70 11 30 0.6

0.375 1.62.375


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* 5* 10* 15* 20* 25* 30*

V" +:

V" +C

Flujo de caja (ejemplo) .xlsx

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Transcript of Flujo de caja (ejemplo) .xlsx