Академический Документы
Профессиональный Документы
Культура Документы
AO 1.
Ventas totales
Demanda Mensual Unid.
INGRESOS TOTALES
DETERMINACION DE INGRESOS
Ventas al contado
Recuperacin Ctas.por cobrar del ao
Recuperacin Ctas.por cobrar ao anterio
Total ingresos de efectivo
Ventas al contado 80%
Ventas al crdito 20%
Recuperacin de ctas por cobrar (30 dias)
Saldo Ctas. por cobrar al final del ao
PRECIOS
1
1
1
2
PRECIO AUMENTO 5%
AO 2
AO 3
AO 4
1,516,200
15,162
100
1,516,200
1,712,480
15,568
110
1,712,480
1,904,280
15,869
120
1,904,280
2,277,315
16,869
135
2,277,315
1,212,960
277,970
1,490,930
1,369,984
313,955
25,270
1,709,209
1,523,424
349,118
28,541
1,901,083
1,821,852
417,508
31,738
2,271,098
1,212,960.00
303,240.00
277,970.00
25,270.00
1,369,984.00
342,496.00
313,954.67
28,541.33
1,523,424.00
380,856.00
349,118.00
31,738.00
1,821,852.00
455,463.00
417,507.75
37,955.25
AO 1.
AO 2
AO 3
AO 4
180.00
250.00
350.00
550.00
600.00
900.00
190.80
265.00
371.00
583.00
636.00
954.00
206.06
286.20
400.68
629.64
686.88
1,030.32
222.55
309.10
432.73
680.01
741.83
1,112.75
100.00
110.00
120.00
135.00
Sello (cel
0.70
TOTAL
19.95
Concepto
Unidades a Vender
+ Inventario Final Deseado
= Requerido por Produccin
INSUMOS TOTAL
16,869
324
MEDIDACANTIDA
3120
2640
15,867
16,174
17,193
292
299
305
15,454
1,288
15,576
15,875
16,888
Ao 1
15,454
1200
Ao 2
15,576
Ao 3
15,875
11580
Ao 4
16,888
15,454
15,576
15,875
16,888
19.2500
21.0000
21.5000
22.0000
297,481.36
327,091.96
341,307.95
371,541.08
19.25
21.00
21.50
22.00
INSUMOS TOTAL
MEDIDACANTIDA
3120
Ao 1
15,454
Ao 2
15,576
Ao 3
15,875
0.00
0.0
0.0
0.0
= # de kg Requeridas
* Costo por kg
10.3900
11.1173
12.12
Ao 4
16,888
3
= Costo Unitario
Ao 2
327,091.96
27,257.66
354,349.63
24,790.11
Ao 3
341,307.95
28,442.33
369,750.28
27,257.66
2640
1920
780
TOTALES
11580
13.45
Componentes
Total Requerido
Mas Inv. Final MP
Total
Menos Inventario Inicial MP
1920
1920
1
3
* Unidades requeridas
= # de libras Requeridas
Ao 4
15,454
- Inventario Inicial
= Unidades a Producir
Ao 3
15,869
305
Ao 4
371,541.08 Costo de produccin.
30,961.76 materiales para un mes
402,502.83
28,442.33
3120
2640
INSUMOS TOTAL
= MP a comprar
= Total Costo Unitario
322,271.47
19.25
329,559.51
21.00
342,492.62
21.50
374,060.50
22.00
Ao 1
193,362.88
128,908.59
Ao 2
197,735.71
131,823.80
Ao 3
205,495.57
136,997.05
Ao 4
224,436.30
149,624.20
COMPRA TOTAL
322,271.47
329,559.51
342,492.62
374,060.50
118,166.21
0
10,742.38
120,838.49
10,742.38
10,985.32
125,580.63
10,985.32
11,416.42
21840
6.50
141,960.00
11
29040
6.50
188,760.00
35
67200
6.50
436,800.00
45
86400
6.50
561,600.00
80
96000
6.50
248
355,080
624,000.00
2,308,020.00
21840
6.50
141,960.00
11
29040
6.50
188,760.00
45
86400
6.50
561,600.00
70
54600
6.50
TOTALES
354,900.00
2,308,020.00
248
355,080
2,308,020.00
INSUMOS TOTALES
NECESARIOS
7
21840
6.50
11
29040
6.50
141,960.00
188,760.00
Ao 1
143,333.33
500.00
0.00
0.00
0.00
2,000.00
1,000.00
146,833.33
24,750.00
4,375.00
175,958.33
15,454
11.39
NOTA:
El incremento anual est proyectado en base a la inflacin promedio 8%
Ao 2
151,200.00
535.00
0.00
0.00
0.00
2,140.00
1,070.00
154,945.00
24,750.00
4,375.00
184,070.00
15,576
11.82
Ao 3
159,862.50
583.15
0.00
0.00
0.00
2,332.60
1,166.30
163,944.55
24,750.00
4,375.00
193,069.55
15,875
12.16
Ao 4
174,636.00
647.30
0.00
0.00
0.00
2,589.19
1,294.59
179,167.08
24,750.00
4,375.00
208,292.08
16,888
12.33
Ao 1
297,481.36
206,400.00
175,958.33
679,839.69
Ao 2
327,091.96
217,728.00
184,070.00
728,889.96
Ao 3
341,307.95
230,202.00
193,069.55
764,579.50
Ao 4
371,541.08
251,475.84
208,292.08
831,308.99
AO 3
48.163130
305.173
14,698.09
AO 4
49.224161
324.404
15,968.51
CONCEPTO
Costo Produccin Unitario
Unidades de Inventario final PT
INVENTARIO FINAL PT
A0 1
43.992384
291.577
12,827.16
AO 2
46.796287
299.385
14,010.09
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Cesanta
Preaviso
Comisiones
Combustible
Total Anual
SUPERVISOR DE VENTAS
8,000.00
96,000.00
8,000.00
8,000.00
2,666.67
0.00
0.00
114,666.67
VENDEROR 1
8,000.00
96,000.00
8,000.00
8,000.00
2,666.67
0.00
0.00
114,666.67
VENDEROR 2
Total
0.00
0.00
6,048.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,000.00
192,000.00
6,048.00
0.00
0.00
16,000.00
16,000.00
5,333.33
0.00
0.00
0.00
6,048.00
0.00
235,381.33
L. 43,381.33
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Cesanta
Preaviso
Comisiones
Combustible
Total Anual
SUPERVISOR DE VENTAS
8,400.00
100,800.00
8,400.00
8,400.00
3,360.00
9,800.00
0.00
0.00
130,760.00
VENDEROR 1
8,400.00
100,800.00
8,400.00
8,400.00
3,360.00
9,800.00
0.00
0.00
130,760.00
VENDEROR 2
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,800.00
201,600.00
16,800.00
16,800.00
6,720.00
19,600.00
0.00
0.00
Total
0.00
0.00
0.00
0.00
0.00
261,520.00
L. 59,920.00
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Cesanta
Preaviso
Comisiones
Combustible
Total Anual
SUPERVISOR DE VENTAS
8,820.00
105,840.00
8,820.00
8,820.00
4,410.00
10,290.00
0.00
0.00
138,180.00
VENDEROR 1
8,820.00
105,840.00
8,820.00
8,820.00
4,410.00
10,290.00
0.00
0.00
138,180.00
VENDEROR 2
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
17,640.00
211,680.00
17,640.00
17,640.00
8,820.00
20,580.00
0.00
0.00
Total
0.00
0.00
0.00
0.00
0.00
276,360.00
L. 64,680.00
INFOP
RAP
SUPERVISOR DE VENTAS
Cargo
9,261.00
111,132.00
6,048.00
1,296.54
1,666.98
9,261.00
9,261.00
6,174.00
10,804.50
0.00
0.00
155,644.02
VENDEROR 1
9,261.00
111,132.00
6,048.00
1,296.54
1,666.98
9,261.00
9,261.00
6,174.00
10,804.50
0.00
0.00
155,644.02
VENDEROR 2
0.00
0.00
6,048.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
18,522.00
222,264.00
18,144.00
2,593.08
3,333.96
18,522.00
18,522.00
12,348.00
21,609.00
0.00
0.00
Total
Sueldo Mensual
Sueldo Anual
13avo Mes
14avo Mes
Vacaciones
L. 95,072.04
Cesanta
Preaviso
Comisiones
Combustible
Total Anual
6,048.00
0.00
317,336.04
Total Mensual
9,555.56
9,555.56
504.00
19,615.11
Total Mensual
10,896.67
10,896.67
21,793.33
Total Mensual
11,515.00
11,515.00
23,030.00
Total Mensual
12,970.34
12,970.34
504.00
26,444.67
N0.
Cargo de
Sueldo
Empled
Sueldo Anual
Empleado
Mensual
L. 180,000.00
o 1 Gerente General L. 15,000.00
2 Gerente de Prod L. 10,000.00
L. 120,000.00
3 Contador
L. 9,000.00
L. 108,000.00
4 Operadores
L. 8,500.00
L. 102,000.00
5 Operadores
L. 8,500.00
L. 102,000.00
6 vendedor
L. 8,000.00
L. 96,000.00
7 vendedor
L. 8,000.00
L. 96,000.00
8 bodega
L. 8,000.00
L. 96,000.00
Gran Total
### L. 255,020.35
Catorceav
o
###
###
L. 9,000.00
L. 8,500.00
L. 8,500.00
L. 8,000.00
L. 8,000.00
L. 8,000.00
###
Treceavo
L. 180,000.00
L. 120,000.00
L. 108,000.00
L. 102,000.00
L. 102,000.00
L. 96,000.00
L. 96,000.00
L. 96,000.00
L. 21,251.70
Total Ao 1
L. 280,000.00
L. 224,000.00
L. 203,000.00
L. 133,000.00
L. 133,000.00
L. 154,000.00
L. 154,000.00
L. 112,000.00
L. 297,523.74
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Cesanta
Preaviso
Total Anual
10,000.00
120,000.00
10,000.00
10,000.00
3,333.33
Contador
8,000.00
96,000.00
8,000.00
8,000.00
2,666.67
114,666.67
Encargado de Bodega
7,200.00
86,400.00
7,200.00
7,200.00
2,400.00
103,200.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,200.00
302,400.00
0.00
0.00
0.00
25,200.00
25,200.00
8,400.00
0.00
0.00
Total
143,333.33
0.00
0.00
361,200.00
L. 58,800.00
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
10,000.00
120,000.00
10,000.00
10,000.00
4,000.00
154,000.00
Contador
8,000.00
96,000.00
8,000.00
8,000.00
3,200.00
123,200.00
ASESOR
7,200.00
86,400.00
7,200.00
7,200.00
2,880.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,200.00
302,400.00
0.00
0.00
0.00
25,200.00
25,200.00
10,080.00
0.00
0.00
Total
110,880.00
0.00
0.00
388,080.00
L. 60,480.00
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
10,500.00
126,000.00
10,500.00
10,500.00
5,250.00
162,750.00
Contador
8,400.00
100,800.00
8,400.00
8,400.00
4,200.00
130,200.00
Encargado de Bodega
7,560.00
90,720.00
7,560.00
7,560.00
3,780.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
26,460.00
317,520.00
0.00
0.00
0.00
26,460.00
26,460.00
13,230.00
0.00
0.00
Total
117,180.00
0.00
0.00
410,130.00
L. 66,150.00
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
GERENTE GENERAL
11,025.00
132,300.00
11,025.00
11,025.00
7,350.00
172,725.00
Contador
Encargado de Bodega
8,820.00
7,938.00
105,840.00
95,256.00
8,820.00
7,938.00
8,820.00
7,938.00
5,880.00
5,292.00
138,180.00
124,362.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
27,783.00
333,396.00
0.00
0.00
0.00
27,783.00
27,783.00
18,522.00
0.00
0.00
Total
L. 74,088.00
0.00
0.00
435,267.00
Total Mensual
11,944.44
9,555.56
8,600.00
30,100.00
Total Mensual
12,833.33
10,266.67
9,240.00
32,340.00
Total Mensual
13,562.50
10,850.00
9,765.00
34,177.50
Total Mensual
14,393.75
11,515.00
10,363.50
36,272.25
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Cesanta
Preaviso
Total Anual
10,000.00
120,000.00
10,000.00
10,000.00
3,333.33
0.00
143,333.33
Operario 1
7,200.00
86,400.00
7,200.00
7,200.00
2,400.00
0.00
103,200.00
Operario 2
7,200.00
86,400.00
7,200.00
7,200.00
2,400.00
0.00
103,200.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
24,400.00
24,400.00
8,133.33
0.00
0.00
349,733.33
Total
292,800.00
0.00
L. 56,933.33
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
10,500.00
126,000.00
10,500.00
10,500.00
4,200.00
0.00
151,200.00
Operario 1
7,560.00
90,720.00
7,560.00
7,560.00
3,024.00
0.00
108,864.00
Operario 2
7,560.00
90,720.00
7,560.00
7,560.00
3,024.00
0.00
108,864.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,620.00
307,440.00
0.00
0.00
25,620.00
25,620.00
10,248.00
0.00
0.00
368,928.00
Total
L. 61,488.00
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
11,025.00
132,300.00
11,025.00
11,025.00
5,512.50
0.00
159,862.50
Operario 1
7,938.00
95,256.00
7,938.00
7,938.00
3,969.00
0.00
115,101.00
Operario 2
7,938.00
95,256.00
7,938.00
7,938.00
3,969.00
0.00
115,101.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
26,901.00
322,812.00
0.00
0.00
0.00
26,901.00
26,901.00
13,450.50
0.00
0.00
390,064.50
Total
L. 67,252.50
Sueldo Mensual
Sueldo Anual
IHSS
INFOP
RAP
13avo Mes
14avo Mes
Vacaciones
Prestaciones
Preaviso
Total Anual
11,907.00
142,884.00
11,907.00
11,907.00
7,938.00
0.00
174,636.00
Operario 1
8,573.04
102,876.48
8,573.04
8,573.04
5,715.36
0.00
125,737.92
Operario 2
8,573.04
102,876.48
8,573.04
8,573.04
5,715.36
0.00
125,737.92
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
29,053.08
348,636.96
0.00
0.00
0.00
29,053.08
29,053.08
19,368.72
0.00
0.00
426,111.84
Total
L. 77,474.88
artamento de Produccin
Total Mensual
11,944.44
8,600.00
8,600.00
143,333.33 MOI
206,400.00 MOD
29,144.44
Total Mensual
12,600.00
9,072.00
9,072.00
151,200.00 MOI
217,728.00 MOD
30,744.00
Total Mensual
13,321.88
9,591.75
9,591.75
159,862.50 MOI
230,202.00 MOD
32,505.38
Total Mensual
14,553.00
10,478.16
10,478.16
174,636.00 MOI
35,509.32
251,475.84 MOD
GASTOS DE ADMINISTRACIN
CONCEPTO
AO 1
AO 2
Planilla de Administracin
361,200.00
388,080.00
Papelera
1,000.00
1,070.00
Electricidad
4,000.00
4,280.00
Telefono, Internet, celular
3,500.00
3,745.00
Agua Potable
500.00
535.00
Otros gastos
2,000.00
2,140.00
Sub-total
372,200.00
399,850.00
Depreciaciones
5,643.00
5,643.00
Amortizaciones
1,250.00
1,250.00
TOTAL GASTOS ADMINISTRACION
379,093.00
406,743.00
AO 3
410,130.00
1,166.30
4,665.20
4,082.05
583.15
2,332.60
422,959.30
5,643.00
1,250.00
429,852.30
AO 4
435,267.00
1,294.59
5,178.37
4,531.08
647.30
2,589.19
449,507.52
5,643.00
1,250.00
456,400.52
GASTOS DE VENTAS
AO 1
AO 2
235,381.33
261,520.00
20,000.00
21,400.00
3,000.00
3,210.00
3,000.00
3,210.00
5,000.00
5,350.00
5,000.00
5,350.00
500.00
535.00
271,881.33
300,575.00
12,394.80
12,394.80
625.00
625.00
284,901.13
313,594.80
AO 3
276,360.00
23,326.00
3,498.90
3,498.90
5,831.50
5,831.50
583.15
318,929.95
12,394.80
625.00
331,949.75
AO 4
317,336.04
25,891.86
3,883.78
3,883.78
6,472.97
6,472.97
647.30
364,588.68
12,394.80
625.00
377,608.48
CONCEPTO
Planilla De Ventas
Publicidad y Promocin
Electricidad
Telfono, Internet,
Combustible
Mantenimiento vehculo
Otros gastos
Sub-total
Depreciaciones
Amortizaciones
TOTAL GASTOS VENTAS
2500
30000
Cuadro de Depreciaciones
Cantidad
Activos Fijos
Maquinaria
Remodelacion del local
remodelacion de local existente
Escritorio
Total Depreciacin Maquinaria
Equipo
Computadora
Escritorio
Silla
1
1
1
1
1
1
1
Precio
Unitario
Total
150,000.00 150,000.00
50,000.00
50,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
200,000.00
Vida
Util
Depreciacin
Anual
Depreciacin
Acumulada
FLUJOS
TERMINALES
10
5
5
1
1
5
5
5
14,850.00
9,900.00
0.00
24,750.00
59,400.00
39,600.00
0.00
90,600.00
10,400.00
0.00
101,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
24,750.00
101,000.00
Mobiliario de Administracin
Computadoras
Escritorio Ejecutivo
Silla Ejecutiva
Escritorios
Sillas de escritorios
03 Sillas de espera
Impresora Multifuncional
Aparatos Telefnicos
Archivo
9,000.00
9,000.00
1,782.00
7,128.00
1,872.00
5,000.00
5,000.00
990.00
3,960.00
1,040.00
3000.00
3,000.00
594.00
2,376.00
624.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1
1
1
50000.00
9000.00
3000.00
0.00
0.00
0.00
0.00
0.00
1,500.00
1,500.00
297.00
1,188.00
312.00
0.00
0.00
0.00
0.00
0.00
10,000.00
10,000.00
0.00
0.00
0.00
0.00
28,500.00
5
1
1
1
1
1,980.00
0.00
0.00
0.00
0.00
5,643.00
7,920.00
0.00
0.00
0.00
0.00
2,080.00
0.00
0.00
0.00
0.00
5,928.00
50,000.00
9,000.00
3,000.00
5
5
5
9,900.00
1,782.00
594.00
39,600.00
7,128.00
2,376.00
10,400.00
1,872.00
624.00
Silla
1
TOTAL DEPRECIACION VENTAS
Total Depreciacin
600.00
600.00
62,600.00
291,100.00
118.80
12,394.80
42,787.80
475.20
171,151.20
124.80
13,020.80
119,948.80
650.00
2,500.00
Total
Total a Amortizar Anual
3,150.00
787.50
total
Gastos de organizacin
Estudio Factibilidad
Gastos de instalacin
totales
10,000.00
15,000.00
25,000.00
CIF
ADMINISTRACION
VENTAS
TOTAL
Amortizacin anual
2,500.00
3,750.00
6,250.00
4,375.00
1,250.00
625.00
6,250.00
Plan de Inversin
Inversin
Monto
Fondos Propios
Financiados
Activos Fijos
Activos de Produccin
Activos Administracin
Activos de Ventas
Subtotal
200,000.00
28,500.00
62,600.00
291,100.00
120,000.00
17,100.00
37,560.00
174,660.00
80,000.00
11,400.00
25,040.00
116,440.00
Capital de Trabajo
Materia Prima
Mano de Obra Directa
Costos Indirectos de Fabricacin
Gastos de Administracin
Gastos de Ventas
Cuotas de Prstamos
Subtotal
24,450.52
16,964.38
12,068.49
30,591.78
22,346.41
4,856.71
111,278.30
14,670.31
10,178.63
7,241.10
18,355.07
13,407.85
4,856.71
68,709.67
9,780.21
6,785.75
4,827.40
12,236.71
8,938.56
0.00
10,000.00
10,000.00
20,000.00
0.00
6,000.00
6,000.00
12,000.00
0.00
4,000.00
4,000.00
8,000.00
422,378.30
100%
255,369.67
60%
167,008.64
40%
Gastos (Nominales)
Gastos Organizacin
Estudio Factibilidad
Gastos de Instalacin
Subtotal
TOTAL
Porcentaje de Participacin
42,568.64
30
24,450.52
16,964.38
12,068.49
30,591.78
22,346.41
4,856.71
111,278.30
Costo de lo Vendido
+
=
=
Concepto
Inventario Inicial
Costo de Produccin
Producto Disponible para la Venta
Inventario Final
Costo de Venta
Ao 1
0.00
679,839.69
679,839.69
12,827.16
667,012.53
Ao 2
12,827.16
728,889.96
741,717.13
14,010.09
727,707.04
Ao 3
14,010.09
764,579.50
778,589.59
14,698.09
763,891.50
Ao 4
14,698.09
831,308.99
846,007.08
15,968.51
830,038.58
CUOTA NIVELADA
MONTO
167,008.64
Cuota
TASA
PLAZO EN AOS
15.50%
4.00
(L. 59,090.01)
SALDOS INSOLUTOS
AOS
0
1
2
3
4
aos
0
1
2
3
4
Cuota
Interes
59,090.01
59,090.01
59,090.01
59,090.01
25,886.34
20,739.77
14,795.48
7,929.83
corto plazo
33,203.67
38,350.24
44,294.53
51,160.18
-
largo plazo
133,804.96
95,454.72
51,160.18
-
Abono P
33,203.67
38,350.24
44,294.53
51,160.18
saldo
167,008.64
133,804.96
95,454.72
51,160.18
0.00
Costo de Capital
Concepto
Fondos Propios
Financiamiento
Total
Monto
255,369.67
167,008.64
422,378.30
% de Participacin
0.60
0.40
Costo
0.0996
0.1550
Costo Ponderado
0.0602
0.0613
1.00
Costo de Capital
0.1215
Inflacin Promedio
Tasa de Riesgo
Req. Adicional Accionistas
Tasa de Corte
0.0800
0.0097
0.0700
0.2812
Significa lso calculos estan en base a lo proyectado por el BCH una inflacion interanual del 5.5%
con una variacion de 1%
para el calculo de tasa de los fondos propias se toma la inflacion de 6% y una prima de riesgo moderada de 10%
Fuente
SOCIOS
FINANCIAMIENTO
%Inflacion
%premio o tasa de
6%
10%
Fuente
SOCIOS
FINANCIAMIENTO
TMAR
16.600%
15.50%
32.100%
TMAR
9.9600%
6.200%
16.1600%
Expresado en Lempiras
Ao 1
Ao 2
Ao 3
Ao 4
Activos
Corriente
Bancos
Cuentas por cobrar
Inventario Materia Prima
Inventario
Total Activo Corriente
106,278.30
199,404.47
25,270.00
24,790.11
12,827.16
262,291.75
391,458.98
28,541.33
27,257.66
14,010.09
461,268.06
671,913.21
31,738.00
28,442.33
14,698.09
746,791.63
1,129,935.85
37,955.25
30,961.76
15,968.51
1,214,821.37
No Corriente
Equipo Produccin
Mobiliario de Administracin
Mobiliario de Ventas
Depreciacin Acumulada
Total Activo Fijo Neto
200,000.00
28,500.00
62,600.00
291,100.00
200,000.00
28,500.00
62,600.00
42,787.80
248,312.20
200,000.00
28,500.00
62,600.00
85,575.60
205,524.40
200,000.00
28,500.00
62,600.00
128,363.40
162,736.60
200,000.00
28,500.00
62,600.00
171,151.20
119,948.80
Activos Diferidos
Gastos de organizacin
Gastos de instalacin
Otros gastos diferidos
Amortizacin acumulada
Total Activo Diferidos
15,000.00
10,000.00
25,000.00
15,000.00
10,000.00
6,250.00
18,750.00
15,000.00
10,000.00
12,500.00
12,500.00
15,000.00
10,000.00
18,750.00
6,250.00
15,000.00
10,000.00
25,000.00
-
422,378.30
529,353.95
679,292.46
915,778.23
1,334,770.17
10,742.38
38,350.24
9,956.69
59,049.31
10,985.32
44,294.53
15,230.96
70,510.81
11,416.42
51,160.18
22,736.94
85,313.54
12,468.68
37,833.60
50,302.28
Total de Activos
106,278.30
Pasivos
Corriente
Cuentas por pagar
Prstamos a Corto Plazo
Impuesto sobre la Renta
Total Pasivo Corriente
33,203.67
33,203.67
Pasivo no Corriente
Prestamo por pagar a largo plazo
Total pasivo a largo plazo
Total Pasivos
Patrimonio
Capital Social
Utilidad Inicio del Ao
(+)Utilidades del Ao
(-)Dividendos Pagados
(=)Utilidad fin de ao
Total Patrimonio
Total de Pasivos + Patrimonio
133,804.96
133,804.96
95,454.72
95,454.72
51,160.18
51,160.18
167,008.64
154,504.03
121,671.00
85,313.54
50,302.28
255,369.67
-
255,369.67
255,369.67
119,480.25
119,480.25
374,849.92
255,369.67
119,480.25
182,771.55
302,251.80
557,621.47
255,369.67
302,251.80
272,843.23
575,095.02
830,464.69
255,369.67
575,095.02
454,003.19
1,029,098.22
1,284,467.88
422,378.30
529,353.95
679,292.46
915,778.23
1,334,770.17
Ao 1
Ventas
Costos de Venta
Utilidad Marginal
Gasto de Operacin:
Gastos de Administracin
Gastos de Venta
Gastos Financieros
Utilidad antes de Impuestos
Impuestos sobre La Renta
Utilidad Neta
Expresado en Lempiras
Ao 2
Ao 3
Ao 4
1,516,200.00
667,012.53
849,187.47
1,712,480.00
727,707.04
984,772.96
1,904,280.00
763,891.50
1,140,388.50
2,277,315.00
830,038.58
1,447,276.42
373,035.00
66,147.08
306,887.92
379,093.00
284,901.13
25,886.34
159,307.00
39,826.75
119,480.25
406,743.00
313,594.80
20,739.77
243,695.39
60,923.85
182,771.55
429,852.30
331,949.75
14,795.48
363,790.97
90,947.74
272,843.23
456,400.52
377,608.48
7,929.83
605,337.59
151,334.40
454,003.19
TASA ISR
25%
39,826.75
60,923.85
90,947.74
151,334.40
(84,069.30)
-44,242.55
(75,630.46)
-14,706.61
(38,172.54)
(19,733.12)
52,775.20
131,601.28
Depreciacin
Amortizacin Preoperativos
Alquiler Pagado por Anticipado
Depsito en Garantia
Capital de Trabajo
Valor de Salvamento
Amortizacin del Prstamo
Flujo Neto de Efectivo
#VALUE!
VAN
TIR
#VALUE!
#VALUE!
42,787.80
787.50
0.00
0.00
0.00
0.00
25,886.34
137,169.21
42,787.80
787.50
0.00
0.00
0.00
0.00
20,739.77
205,607.08
42,787.80
787.50
0.00
0.00
0.00
0.00
7,929.83
308,488.70
42,787.80
787.50
14,000.00
14,000.00
111,278.30
119,948.80
0.00
756,805.60
Ingresos de Efectivo
Ao 0
Ingresos de Efectivo
Fondos Propios
Financiamiento
Ventas al contado
Recuperacin cuentas por cobrar(Ao)
Cuentas por cobrar ao anterior
Total Ingresos
Egresos de Efectivo
Compra de Activos fijos
Activos Nominales
Compra Materia Prima al Contado
Pago a proveedores del ao
Pago Proveedores ao anterior
Planilla Mano de obra directa
Costos Indirectos de Fabricacin
Gastos de Administracin
Gastos de Ventas
Impuesto sobre la Renta pactado
Impuesto sobre la Renta Ao Anterior
Cuota del Prstamo
Pago de dividendos
Total Egresos
Ao 1
Ao 2
Ao 3
Ao 4
255,369.67
167,008.64
1,212,960.00
277,970.00
1,490,930.00
1,369,984.00
313,954.67
25,270.00
1,709,208.67
1,523,424.00
349,118.00
28,541.33
1,901,083.33
1,821,852.00
417,507.75
31,738.00
2,271,097.75
193,362.88
118,166.21
0.00
206,400.00
146,833.33
372,200.00
271,881.33
29,870.06
316,100.00
59,090.01
1,397,803.83
197,735.71
120,838.49
10,742.38
217,728.00
154,945.00
399,850.00
300,575.00
45,692.89
9,956.69
59,090.01
0.00
1,517,154.16
205,495.57
125,580.63
10,985.32
230,202.00
163,944.55
422,959.30
318,929.95
68,210.81
15,230.96
59,090.01
0.00
1,620,629.10
224,436.30
137,155.52
11,416.42
251,475.84
179,167.08
449,507.52
364,588.68
113,500.80
22,736.94
59,090.01
0.00
1,813,075.11
Flujo de Efectivo
106,278.30
93,126.17
192,054.50
280,454.24
458,022.64
Saldo Inicial
106,278.30
199,404.47
391,458.98
671,913.21
Saldo Final
106,278.30
199,404.47
391,458.98
671,913.21
1,129,935.85
422,378.30
291,100.00
25,000.00
Representa un resumen de los flujos de efectivo operativos y financieros de la inversin del proyecto.
Ao 2
Ao 3
INDICES DE LIQUIDEZ
Indice de Solvencia
Activo circulante
Pasivo circulante
Pasivo circulante
Costo de lo vendido
del Inventario
Rotacin de Cuentas
por Cobrar
360
203,242.44
249,464.59 =
667,012.53 =
360 =
4.22
447,257.97 =
303,240.00 =
25,270.00
727,707.04 =
6.34
dias
360 =
51.94 veces
342,496.00 =
28,541.33
8.58
763,891.50 = 51.97
veces
14,698.09
6.93 dias
51.94
12.00 veces
732,093.54 =
85,313.54
14,010.09
6.92
8.75
661,478.09
70,510.81
52.00 veces
746,791.63 =
85,313.54
390,757.25
52.00
6.54
70,510.81
12,827.16
461,268.06 =
59,049.31
Inventarios
Plazo Promedio
4.44
59,049.31
262,291.75 =
360 =
6.93dias
51.97
12.00 veces
380,856.00 = 12.00
veces
31,738.00
Plazo Promedio de
Cobro
Rotacin de
Plazo Promedio de
Compras
30.00
das
842.33
Pago
25,270.00 =
128,908.59 =
10,742.38 =
30.00 das
951.38
12.00 veces
10,742.38
Compras / 360
28,541.33 =
131,823.80 =
1,057.93
12.00 veces
10,985.32
30.00
358.08
das
10,985.32 =
31,738.00 = 30.00das
136,997.05 = 12.00
veces
11,416.42
30.00 das
366.18
11,416.42 = 30.00das
380.55
RAZONES DE ENDEUDAMIENTO
Razn de Endeudamiento =
Pasivo total
Activo total
59,049.31 =
11.15%
529,353.95
95,454.72 =
374,849.92
70,510.81 = 10.38%
679,292.46
25.46%
51,160.18 =
557,621.47
85,313.54 = 9.32%
915,778.23
9.17%
0.00 = 0.00%
830,464.69
RAZONES DE RENTABILIDAD
Margen Bruto de Utilidade =
Ventas
Margen de Utilidades
Utilidad Operativa
en Operacin
Ventas
del Activo
Rendimiento de
Ventas anuales
159,307.00 =
119,480.25 =
1,516,200.00 =
11%
58%
243,695.39 =
8%
182,771.55 =
14%
1,712,480.00 =
11%
22.57%
182,771.55 =
363,790.97 =
19%
272,843.23 =
14%
1,904,280.00
679,292.46
529,353.95
60%
1,904,280.00
1,712,480.00
2.86 veces
1,140,388.50 =
1,904,280.00
1,712,480.00
529,353.95
119,480.25 =
984,772.96 =
1,712,480.00
1,516,200.00
Activos totales
la Inversin
56%
1,516,200.00
Ventas
Rotacin Total
849,187.47 =
1,516,200.00
2.08
veces
915,778.23
26.9%
679,292.46
272,843.23 =
###
915,778.23
RAZONES DE COBERTURA
Veces que se han
ganado los intereses
185,193.34 =
25,886.34
7.15 veces
264,435.16 =
20,739.77
12.75 veces
378,586.45 = 25.59
veces
14,795.48
Ao 4
1,214,821.37 =
24.15
50,302.28
1,164,519.08
1,198,852.86 =
23.83
50,302.28
830,038.58 =
51.98 veces
15,968.51
360 =
6.93
dias
51.98
455,463.00 =
37,955.25
12.00 veces
37,955.25 =
30.00
das
1,265.18
149,624.20 =
12.00 veces
12,468.68
12,468.68 =
30.00
415.62
50,302.28 =
3.77%
1,334,770.17
0.00 =
1,284,467.88
0.00%
das
1,447,276.42 =
64%
2,277,315.00
605,337.59 =
27%
2,277,315.00
454,003.19 =
20%
2,277,315.00
2,277,315.00 =
1.71 veces
1,334,770.17
454,003.19 = 34.01%
1,334,770.17
613,267.42 =
7,929.83
77.34 veces
Ao 0
Inversin
Entradas de efectivo
Salidas de efectivo
Flujo de efectivo
Cuentas por cobrar (liquidacin)
Inventarios finales (Liquidacin)
Valor de realizacin
Pasivos circulantes
Pasivos a largo plazo
Flujo de efectivo neto
Costo de capital
VAN
TIR
Ao 1
Ao 2
Ao 3
(422,378.30)
(422,378.30)
28.12%
127,973.61
40.44%
1,490,930.00
1,397,803.83
93,126.17
1,709,208.67
1,517,154.16
192,054.50
1,901,083.33
1,620,629.10
280,454.24
93,126.17
192,054.50
280,454.24
Ao 4
2,271,097.75
1,813,075.11
458,022.64
37,955.25
46,930.26
119,948.80
50,302.28
612,554.67
Punto de Equilibrio
Precio de Venta Unitario
Costos Variables
Materia Prima
Mano de Obra
Gastos de fabricacin
Ao 1
100.00
679,839.69
297,481.36
206,400.00
175,958.33
Ao 2
110.00
728,889.96
327,091.96
217,728.00
184,070.00
Ao 3
120.00
764,579.50
341,307.95
230,202.00
193,069.55
Ao 4
135.00
831,308.99
371,541.08
251,475.84
208,292.08
Costos Fijos
Administracin
Ventas
Financieros
689,880.47
379,093.00
284,901.13
25,886.34
741,077.57
406,743.00
313,594.80
20,739.77
776,597.53
429,852.30
331,949.75
14,795.48
841,938.84
456,400.52
377,608.48
7,929.83
43.99
46.80
48.16
49.22
1,231,761.89
1,289,774.42
1,297,268.43
1,325,102.08
12,318
11,725
10,811
9,816
Flujos Descontados
Flujo Neto de Efectivo
Factor de descuento
Flujos Descontados
Ao 1
93,126.17
1.2812256
72,685.22
Ao 2
192,054.50
1.6415391
116,996.61
Ao 3
280,454.24
2.1031819
133,347.59
Ao 4
612,554.67
2.6946505
227,322.49
0.281226
Indice de Rentabilidad
IR
550,351.92
422,378.30
1.30
Se dividen los Flujos Descontados entre la Inversin es importante que este sea mayor que 1
Flujos Descontados
72,685.22
116,996.61
133,347.59
227,322.49
422,378.30
-422,378.30
Aos
Meses
Das
3
5
5
323,029.42
94,717.71
4,631.18
422,378.30
323,029.42
99,348.88
99,348.88
entre
227,322.49
0.437039
0.44
360
157.334176
157.33418
30
5.2445
631.45
150
Tiempo necesario para recuperar la inversin inicialv son 3 aos 5 meses y 5 dia aproximadamente
99,348.88
0.4370394
CONCEPTO
Ao 0
Inversin
Entradas de efectivo
Salidas de efectivo
Flujo de efectivo
Cuentas por cobrar (liquidacin)
Inventarios finales (Liquidacin)
Valor de realizacin
Pasivos circulantes
Pasivos a largo plazo
Flujo de efectivo neto
Ao 1
Ao 3
Ao 4
(422,378.30)
(422,378.30)
Costo de capital
28.12%
VAN
(L. 109,123.80)
TIR
17%
Anlisis Tradicional
Pesimista
Ao 2
1,401,474.20
1,397,803.83
3,670.37
1,606,656.15
1,517,154.16
89,501.98
1,787,018.33
1,620,629.10
166,389.24
2,134,831.89
1,813,075.11
321,756.77
37,955.25
46,930.26
119,948.80
50,302.28
-
3,670.37
89,501.98
166,389.24
476,288.80
Bajar un Porcentaje
0.06
Puedo bajar hasta un 06% en los ingresos del proyecto y se observa que es sensible el proyecto ya que su VAN queda
positiva y la TIR queda por arriba del Costo de Capital.
CONCEPTO
Inversin
Entradas de efectivo
Salidas de efectivo
Flujo de efectivo
Cuentas por cobrar (liquidacin)
Inventarios finales (Liquidacin)
Valor de realizacin
Pasivos circulantes
Pasivos a largo plazo
Flujo de efectivo neto
Ao 3
(422,378.30)
(422,378.30)
Costo de capital
28.12%
VAN
(L. 114,129.74)
TIR
17%
Anlisis Tradicional
Pesimista
Ao 2
1,490,930.00
1,495,650.10
(4,720.10)
1,709,208.67
1,623,354.96
85,853.71
1,901,083.33
1,734,073.13
167,010.20
(4,720.10)
85,853.71
167,010.20
Aumentando un 07% los egresos de efectivo del proyecto y manteniendo el mismo nivel de ventas se observar que es sensible el proyecto ya que su
VAN queda positiva y la TIR queda por arriba de la tasa de corte. Esto indica que algun cambio en los egresos en efectivo, no afectar en el proyecto
2,271,097.75
1,939,990.37
331,107.38
37,955.25
46,930.26
119,948.80
50,302.28
485,639.41
0.07
.
ecto y manteniendo el mismo nivel de ventas se observar que es sensible el proyecto ya que su
sa de corte. Esto indica que algun cambio en los egresos en efectivo, no afectar en el proyecto.
(+)
(+)
(-)
Inversin
Ingresos
Costos de Venta
Utilidad Marginal
Gastos de Venta
Gastos de Administracin
Gastos Financieros
Utilidad antes de Impuestos
Impuestos
Utilidad Neta
Depreciacin
Amortizacin Preoperativos
Alquiler Pagado por Anticipado
Depsito en Garantia
Capital de Trabajo
Ms Flujo Terminal
Amortizacin del Prstamo
(=)
(-)
(=)
(-)
(-)
(-)
(=)
(-)
(=)
(+)
(+)
+
COSTO DE CAPITAL
VAN
TIR
0
422,378.30
1
1,516,200.00
667,012.53
849,187.47
284,901.13
379,093.00
25,886.34
159,307.00
39,826.75
119,480.25
42,787.80
6,250.00
0.00
0.00
0.00
0.00
33,203.67
-422,378.30
28.12%
L. 563,463.41
67.36%
129,064.38
2
1,712,480.00
727,707.04
984,772.96
313,594.80
406,743.00
20,739.77
243,695.39
60,923.85
182,771.55
42,787.80
6,250.00
0.00
0.00
0.00
0.00
38,350.24
187,209.10
3
1,904,280.00
763,891.50
1,140,388.50
331,949.75
429,852.30
14,795.48
363,790.97
90,947.74
272,843.23
42,787.80
6,250.00
0.00
0.00
0.00
0.00
44,294.53
271,336.49
4
2,277,315.00
830,038.58
1,447,276.42
377,608.48
456,400.52
7,929.83 TASA ISR
605,337.59
0.25
151,334.40
454,003.19
42,787.80
6,250.00
0.00
0.00
1,164,519.08
119,948.80
51,160.18
1,730,098.69
Unidimensional
CONCEPTO
Ao 0
Inversin
Entradas de efectivo
Salidas de efectivo
Flujo de efectivo
Cuentas por cobrar (liquidacin)
Inventarios finales (Liquidacin)
Valor de realizacin
Pasivos circulantes
Pasivos a largo plazo
Flujo de efectivo neto
Ao 1
Ao 2
Ao 3
(422,378.30)
(422,378.30)
1,382,203.24
1,397,803.83
(15,600.59)
1,561,136.66
1,517,154.16
43,982.50
1,735,986.01
1,620,629.10
115,356.92
(15,600.59)
43,982.50
115,356.92
Costo de capital
28.12%
VAN
L. 197,971.95
TIR
7.95%
Precio Original
Precio Modificado
Demanda
Total Ingreso
100.00
91.16
15,162
1,382,203.24
1,516,200
110.00
100.28
15,568
1,561,136.66
1,712,480
120.00
109.39
15,869
1,735,986.01
1,904,280
135.00
123.07
16,869
2,076,053.41
2,277,315
1
1,212,960
277,970
1,490,930
2
1,369,984
313,955
25,270
1,709,209
3
1,523,424
349,118
28,541
1,901,083
4
1,821,852
417,508
31,738
2,271,098
DETERMINACION DE INGRESOS
Ventas al contado
Recuperacin Ctas.por cobrar del ao
Recuperacin Ctas.por cobrar ao anterior
Total ingresos de efectivo
1,212,960.00
303,240.00
277,970.00
25,270.00
1,369,984.00
342,496.00
313,954.67
28,541.33
1,523,424.00
380,856.00
349,118.00
31,738.00
Este es el detalle de los precios de venta para que la VAN quede en cero (0) y la TIR sea igual a la Tasa de Corte.
0.0883767024
1,821,852.00
455,463.00
417,507.75
37,955.25
Unidimensional
Ao 4
2,076,053.41
1,813,075.11
262,978.30
37,955.25
46,930.26
119,948.80
50,302.28
417,510.33
127,973.61
TIR
40.44%
IR
1.30
3 aos
PRID
5 meses
5 das