ALTERNATIVA A

Unidades vendidas
Precio
Utilidades por ventas

40,000.00
450.00
18,000,000.00

Costos variables unitarios

Costos variables totales

60.00
2,400,000.00

Depreciacion anual

4,800,000.00
2,500,000.00

Costos fijos

2,300,000.00

Tiempo a evaluar (aos)

Tasa de depreciacion anual

20
10%

Cantidad de equilibrio
17,882 Unidades

ALTERNATIVA B
Unidades vendidas
Precio
Utilidades por ventas

40,000.00
450.00
18,000,000.00

Costos variables unitarios

Costos variables totales

52.00
2,080,000.00

Depreciacion anual

3,500,000.00

Costos fijos

5,300,000.00

Tiempo a evaluar (aos)

Tasa de depreciacion anual

20
10%

Cantidad de equilibrio
26,813 Unidades

Inversion total
Tasa de rentabilidad exiginda
Rentabilidad exigida
PMT
Gastos financieros

Descripcion
Saldo anterior
Ingresos por ventas
Costos variables
Costos fijos
Gastos financieros
Utilidad operativa
Depreciacion
Utilidad antes de impuestos
Impuestos
Utilidad neta
Depreciacion
Flujo

Inversion total
Tasa de rentabilidad exiginda
Rentabilidad exigida
PMT
Gastos financieros

Descripcion
Saldo anterior
Ingresos por ventas
Costos variables
Costos fijos

25,000,000.00
12%
3,000,000.00
(Q3,346,969.50)
(Q3,346,969.50)

1
Q0.00
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q9,953,030.50
(Q2,500,000.00)
Q7,453,030.50
(Q745,303.05)
Q6,707,727.45
Q2,500,000.00
Q9,207,727.45

2
Q9,207,727.45
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q19,160,757.95
(Q2,500,000.00)
Q16,660,757.95
(Q1,666,075.79)
Q14,994,682.15
Q2,500,000.00
Q17,494,682.15

3
Q17,494,682.15
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q27,447,712.65
(Q2,500,000.00)
Q24,947,712.65
(Q2,494,771.27)
Q22,452,941.39
Q2,500,000.00
Q24,952,941.39

2
Q5,690,818.43
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

3
Q10,812,555.01
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

35,000,000.00
12%
4,200,000.00
(Q4,685,757.30)
(Q4,685,757.30)

1
Q0.00
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

Gastos financieros
Utilidad operativa
Depreciacion
Utilidad antes de impuestos
Impuestos
Utilidad neta
Depreciacion
Flujo

(Q4,685,757.30)
Q5,934,242.70
(Q3,500,000.00)
Q2,434,242.70
(Q243,424.27)
Q2,190,818.43
Q3,500,000.00
Q5,690,818.43

(Q4,685,757.30)
Q11,625,061.13
(Q3,500,000.00)
Q8,125,061.13
(Q812,506.11)
Q7,312,555.01
Q3,500,000.00
Q10,812,555.01

(Q4,685,757.30)
Q16,746,797.71
(Q3,500,000.00)
Q13,246,797.71
(Q1,324,679.77)
Q11,922,117.94
Q3,500,000.00
Q15,422,117.94

4
Q24,952,941.39
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q34,905,971.89
(Q2,500,000.00)
Q32,405,971.89
(Q3,240,597.19)
Q29,165,374.70
Q2,500,000.00
Q31,665,374.70

5
Q31,665,374.70
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q41,618,405.20
(Q2,500,000.00)
Q39,118,405.20
(Q3,911,840.52)
Q35,206,564.68
Q2,500,000.00
Q37,706,564.68

6
Q37,706,564.68
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q47,659,595.18
(Q2,500,000.00)
Q45,159,595.18
(Q4,515,959.52)
Q40,643,635.66
Q2,500,000.00
Q43,143,635.66

7
Q43,143,635.66
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q53,096,666.16
(Q2,500,000.00)
Q50,596,666.16
(Q5,059,666.62)
Q45,536,999.54
Q2,500,000.00
Q48,036,999.54

4
Q15,422,117.94
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

5
Q19,570,724.58
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

6
Q23,304,470.55
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

7
Q26,664,841.92
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

(Q4,685,757.30)
Q21,356,360.64
(Q3,500,000.00)
Q17,856,360.64
(Q1,785,636.06)
Q16,070,724.58
Q3,500,000.00
Q19,570,724.58

(Q4,685,757.30)
Q25,504,967.28
(Q3,500,000.00)
Q22,004,967.28
(Q2,200,496.73)
Q19,804,470.55
Q3,500,000.00
Q23,304,470.55

(Q4,685,757.30)
Q29,238,713.25
(Q3,500,000.00)
Q25,738,713.25
(Q2,573,871.32)
Q23,164,841.92
Q3,500,000.00
Q26,664,841.92

(Q4,685,757.30)
Q32,599,084.62
(Q3,500,000.00)
Q29,099,084.62
(Q2,909,908.46)
Q26,189,176.16
Q3,500,000.00
Q29,689,176.16

Ao
8
Q48,036,999.54
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q57,990,030.04
(Q2,500,000.00)
Q55,490,030.04
(Q5,549,003.00)
Q49,941,027.04
Q2,500,000.00
Q52,441,027.04

9
Q52,441,027.04
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q62,394,057.54
(Q2,500,000.00)
Q59,894,057.54
(Q5,989,405.75)
Q53,904,651.78
Q2,500,000.00
Q56,404,651.78

10
11
Q56,404,651.78 Q64,971,914.05
Q18,000,000.00 Q18,000,000.00
(Q2,400,000.00) (Q2,400,000.00)
(Q2,300,000.00) (Q2,300,000.00)
(Q3,346,969.50) (Q3,346,969.50)
Q66,357,682.28 Q74,924,944.55
(Q2,500,000.00)
Q0.00
Q63,857,682.28 Q74,924,944.55
(Q6,385,768.23) (Q7,492,494.46)
Q57,471,914.05 Q67,432,450.10
Q2,500,000.00
Q0.00
Q59,971,914.05 Q67,432,450.10
Q5,000,000.00 Valor de mercado de los equipos al ao

Ao
8
Q29,689,176.16
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

9
Q32,411,076.97
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

10
Q34,860,787.70
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

11
Q37,065,527.36
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

(Q4,685,757.30)
Q35,623,418.86
(Q3,500,000.00)
Q32,123,418.86
(Q3,212,341.89)
Q28,911,076.97
Q3,500,000.00
Q32,411,076.97

(Q4,685,757.30)
Q38,345,319.67
(Q3,500,000.00)
Q34,845,319.67
(Q3,484,531.97)
Q31,360,787.70
Q3,500,000.00
Q34,860,787.70

(Q4,685,757.30)
Q40,795,030.40
(Q3,500,000.00)
Q37,295,030.40
(Q3,729,503.04)
Q33,565,527.36
Q3,500,000.00
Q37,065,527.36

(Q4,685,757.30)
Q42,999,770.06
Q0.00
Q42,999,770.06
(Q4,299,977.01)
Q38,699,793.05
Q0.00
Q38,699,793.05

12
13
Q67,432,450.10 Q69,646,932.54
Q18,000,000.00 Q18,000,000.00
(Q2,400,000.00) (Q2,400,000.00)
(Q2,300,000.00) (Q2,300,000.00)
(Q3,346,969.50) (Q3,346,969.50)
Q77,385,480.60 Q79,599,963.04
Q0.00
Q0.00
Q77,385,480.60 Q79,599,963.04
(Q7,738,548.06) (Q7,959,996.30)
Q69,646,932.54 Q71,639,966.73
Q0.00
Q0.00
Q69,646,932.54 Q71,639,966.73
mercado de los equipos al ao 10

12
Q38,699,793.05
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

13
Q40,170,632.18
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

14
Q71,639,966.73
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q81,592,997.23
Q0.00
Q81,592,997.23
(Q8,159,299.72)
Q73,433,697.51
Q0.00
Q73,433,697.51

15
Q73,433,697.51
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q83,386,728.01
Q0.00
Q83,386,728.01
(Q8,338,672.80)
Q75,048,055.21
Q0.00
Q75,048,055.21

14
Q41,494,387.39
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

15
Q42,685,767.08
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

(Q4,685,757.30)
Q44,634,035.75
Q0.00
Q44,634,035.75
(Q4,463,403.58)
Q40,170,632.18
Q0.00
Q40,170,632.18

(Q4,685,757.30)
Q46,104,874.88
Q0.00
Q46,104,874.88
(Q4,610,487.49)
Q41,494,387.39
Q0.00
Q41,494,387.39

(Q4,685,757.30)
Q47,428,630.09
Q0.00
Q47,428,630.09
(Q4,742,863.01)
Q42,685,767.08
Q0.00
Q42,685,767.08

(Q4,685,757.30)
Q48,620,009.78
Q0.00
Q48,620,009.78
(Q4,862,000.98)
Q43,758,008.80
Q0.00
Q43,758,008.80

16
Q75,048,055.21
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q85,001,085.70
Q0.00
Q85,001,085.70
(Q8,500,108.57)
Q76,500,977.13
Q0.00
Q76,500,977.13

17
Q76,500,977.13
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q86,454,007.63
Q0.00
Q86,454,007.63
(Q8,645,400.76)
Q77,808,606.87
Q0.00
Q77,808,606.87

18
Q77,808,606.87
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q87,761,637.37
Q0.00
Q87,761,637.37
(Q8,776,163.74)
Q78,985,473.63
Q0.00
Q78,985,473.63

19
Q78,985,473.63
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q88,938,504.13
Q0.00
Q88,938,504.13
(Q8,893,850.41)
Q80,044,653.72
Q0.00
Q80,044,653.72

16
Q43,758,008.80
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

17
Q44,723,026.35
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

18
Q45,591,542.14
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

19
Q46,373,206.36
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

(Q4,685,757.30)
Q49,692,251.50
Q0.00
Q49,692,251.50
(Q4,969,225.15)
Q44,723,026.35
Q0.00
Q44,723,026.35

(Q4,685,757.30)
Q50,657,269.05
Q0.00
Q50,657,269.05
(Q5,065,726.90)
Q45,591,542.14
Q0.00
Q45,591,542.14

(Q4,685,757.30)
Q51,525,784.84
Q0.00
Q51,525,784.84
(Q5,152,578.48)
Q46,373,206.36
Q0.00
Q46,373,206.36

(Q4,685,757.30)
Q52,307,449.06
Q0.00
Q52,307,449.06
(Q5,230,744.91)
Q47,076,704.15
Q0.00
Q47,076,704.15

20
Q80,044,653.72
Q18,000,000.00
(Q2,400,000.00)
(Q2,300,000.00)
(Q3,346,969.50)
Q89,997,684.22
Q0.00
Q89,997,684.22
(Q8,999,768.42)
Q80,997,915.80
Q0.00
Q80,997,915.80 Utilidad al final del periodo

20
Q47,076,704.15
18,000,000.00
(Q2,080,000.00)
(Q5,300,000.00)

(Q4,685,757.30)
Q53,010,946.85
Q0.00
Q53,010,946.85
(Q5,301,094.68)
Q47,709,852.16
Q0.00
Q47,709,852.16
Q8,000,000.00
Q55,709,852.16 Utilidad al final del periodo