CAPACIDAD INSTALADA OPERATIVA

TIEMPO (DOP) HRS/DIA MIN/DIA LT. PROD./DIA

LINEA 1 45 8 480 11
LINEA 2 85 8 480 6

PQT/DIA
DEMANDA POR LINEA UND/PQT PQT x 06 UND
33.00% 3520 6 587
67.00% 3784 6 631

CAPACIDAD DE DEMANDA

DOC/DÍA

PUNTOS DE VENTA 300 4 1200

Aumentar puntos de venta para incrementar la demanda
Ver posibilidad de aumentar distritos en estudio de tres a cinco

ACEPTACION DE LA DEMANDA 40% LINEA 1

LINEA 2

CAPACIADA INSTALADA POR DEMANDA 78.00%

PROYECCION DE LA DEMANDA

1er SEM 2do SEM 3er SEM 4to SEM

70% 75% 80% 90%
LINEA 1 2851 3055 3259 3666
LINEA 2 5789 6202 6616 7443
TOTAL 8640 9257 9874 11109

PROD. INICIAL MENSUAL

1 mes
docenas
LINEA 1 475
LINEA 2 965
RATIVA

UND/LOTE UND/DIA
1000 10667 Se aumentó producción de unidades por lote de 400 a 1000
1000 5647 Se aumentó producción de unidades por lote de 400 a 1000

PQT/MES PQT/CAJA
26 12
15253 1271 CAJAS x 12 PQT x 06 UND.
16395 1366
2637

EMANDA

MENSUAL
DOCEN/LINEA
30
5143 LINEA 1 1697
LINEA 2 3446
5143

MENSUAL SEMESTRAL
679 4073
1378 8270
2057 12343

DEMANDA

5to SEM 6to SEM

100% 100%
4073 4073 33%
8270 8270 67%
12343 12343 100%
e de 400 a 1000
e de 400 a 1000
 INVERSION FI

TANGIBLE

MUEBLES Y ENSE

Mobiliario 2
Sillas para oficina 2
Estantes 2

EQUIPOS DE COM

Computadoras 2
Impresora Multifuncional 1

EQUIPOS DE GI

Batidora semi industrial 1

Amasadora doble rodillo 2
Mesa de trabajo acero inox. 3
Carro prta bandejas 2
Bandejas 18" * 26" 4
Horno semi industrial 1
Refrigerador 1
Balanza y otros Utenzilios 1

TOTAL

INTANGIBLE

Estudio de proyecto 1
Arreglos de local 1
Publicidad 1
Notario 1
Licencia 1
Registros publicos 1
Legalizacion de libros 1

TOTAL

CAPITAL DE TRA

MATERIA PRIM

COSTO DE PRODUCCION POR 1 DOC ( 12 paquetes)

LINEA 1
INSUMOS CANTIDAD MEDIDA
Mantequilla 0.13 kg.
Azuú car 0.08 kg.
Harina cernida 0.13 kg.
Harina de algarroba 0.08 kg.
Polvo de Hornear 1.00 sobre
Vainilla 1.00 onza
Huevo 2.00 unid

TOTAL

materia prima para produccion inicial

docenas costo
LINEA 1 475 S/. 1,277.10
LINEA 2 965 S/. 3,261.02
S/. 4,538.12

PLANILLA DE REMUNERACIONES MANO D

 Gratificacion
Puesto sueldo mensual
0.17
Administrador S/. 2,000.00 S/. 333.33
Asistente de ventas S/. 1,200.00 S/. 200.00
Operario panadero S/. 1,100.00 S/. 183.33
Asistente de operario S/. 950.00 S/. 158.33
S/. 875.00

SERVICIOS

Alquiler 1
Electricidad 1
Agua 1
Gas 1
Telefonia e internet 1
Publicidad 1
Distribucion 1
Caja y bancos 1

TOTAL

* Se considera la publicidad mensual de 30% de la publicidad inicial

GASTOS DE ADMINISTRACION Y DE VENTA MENSUAL

UTILES DE OFICINA 150

GASTOS DE DISTRIB. 3500
Al MES 4 veces
Auto 25 diario
Combustible 20 diario
Conductor 15 diario
Los gastos de adm. Y ventas en que incurrira la empresa, es en utiles de oficina,
gastos de distribucion; y la distribucion se tiene que hacer es de 8 vceces
al mes, necesitando un auto que cobra s/. 40.00 diarios, un conductor, s/. 25.00 di
y el costo en combustible de s/. 20.00.

RESUMEN DE INVERSIONES
 INVERSION FIJA
TANGIBLE
INTANGIBLE
CAPITAL DE TRABAJO
MATERIA PRIMA
SUELDOS
SERVICIOS
IMPREVISTOS

TOTAL INVERSION
 INVERSION FIJA
T.C. S/. 3.23

TANGIBLE

MUEBLES Y ENSERES

$ 470.00
$ 350.00 S/. 1,130.50 S/. 2,261.00
$ 50.00 S/. 161.50 S/. 323.00
$ 70.00 S/. 226.10 S/. 452.20

EQUIPOS DE COMPUTO

$ 750.00
$ 600.00 S/. 1,938.00 S/. 3,876.00
$ 150.00 S/. 484.50 S/. 484.50

EQUIPOS DE GIRO

$ 6,305.00
$ 1,200.00 S/. 3,876.00 S/. 3,876.00
$ 800.00 S/. 2,584.00 S/. 5,168.00
$ 300.00 S/. 969.00 S/. 2,907.00
$ 180.00 S/. 581.40 S/. 1,162.80
$ 25.00 S/. 80.75 S/. 323.00
$ 2,300.00 S/. 7,429.00 S/. 7,429.00
$ 800.00 S/. 2,584.00 S/. 2,584.00
$ 700.00 S/. 2,261.00 S/. 2,261.00

INTANGIBLE

$ 5,690.00
$ 2,500.00 S/. 8,075.00 S/. 8,075.00
$ 1,000.00 S/. 3,230.00 S/. 3,230.00
 $ 1,000.00 S/. 3,230.00 S/. 3,230.00
$ 700.00 S/. 2,261.00 S/. 2,261.00
$ 300.00 S/. 969.00 S/. 969.00
$ 100.00 S/. 323.00 S/. 323.00
$ 90.00 S/. 290.70 S/. 290.70

CAPITAL DE TRABAJO

MATERIA PRIMA

paquetes) COSTO DE PRODUCCION POR 1 DOC ( 12 paquetes)

LINEA 2
1 doc. INSUMOS CANTIDAD MEDIDA
S/. 0.38 Mantequilla 0.13 kg.
S/. 0.15 Azuú car 0.08 kg.
S/. 0.28 Harina cernida 0.13 kg.
S/. 0.90 Harina de algarroba 0.08 kg.
S/. 0.50 Polvo de cacao 0.40 kg.
S/. 0.05 Canela molida 0.50 cucharadita
S/. 0.44 Chocolate 0.13 kg.
Nata líúquida 0.05 lt.

S/. 2.69 TOTAL

REMUNERACIONES MANO DE OBRA DIRECTA E INDIRECTA

 Essalud CTS Sueldo Semestral
Sueldo Mensual Real
9% 0.10 6
S/. 210.00 S/. 194.44 S/. 2,737.78 S/. 16,426.67
S/. 126.00 S/. 116.67 S/. 1,642.67 S/. 9,856.00
S/. 115.50 S/. 106.94 S/. 1,505.78 S/. 9,034.67
S/. 99.75 S/. 92.36 S/. 1,300.44 S/. 7,802.67
S/. 551.25 S/. 510.42 S/. 7,186.67 S/. 43,120.00

SERVICIOS

$ 1,876.69
$ 800.00 S/. 2,584.00 S/. 2,584.00
$ 400.00 S/. 1,292.00 S/. 1,292.00
$ 50.00 S/. 161.50 S/. 161.50
$ 40.00 S/. 129.20 S/. 129.20
$ 50.00 S/. 161.50 S/. 161.50
$ 300.00 S/. 969.00 S/. 969.00
$ 86.69 S/. 280.00 S/. 280.00
$ 150.00 S/. 484.50 S/. 484.50

dad inicial 30% S/. 290.70 180

Semestral Se corrigió de bimestral a sem

mensual
6
3650 21900
Se aumentó gastos de útiles de
Se aumentó gastos de distribu

sa, es en utiles de oficina,

acer es de 8 vceces
os, un conductor, s/. 25.00 diarios,
S/. 33,107.50
S/. 18,378.70

S/. 4,538.12
S/. 7,186.67
S/. 6,061.70
S/. 3,463.63

S/. 72,736.33
S/. 3,036.20

S/. 4,360.50

S/. 25,710.80
Se aumentó de 400 a 1200
Se aumentó de 400 a 800
Se aumentó cantidad de mesas de 1 a 3

Se aumentó de 750 a 2300

Se aumentó de 350 a 800
Se aumentó de 700

S/. 33,107.50

S/. 18,378.70
 S/. 18,378.70

( 12 paquetes)

1 doc.
S/. 0.38
S/. 0.15
S/. 0.28
S/. 0.90
S/. 0.48
S/. 0.10
S/. 0.75
S/. 0.35

S/. 3.38
 Sueldo Anual
12
S/. 32,853.33
###
S/. 19,712.00
S/. 18,069.33
S/. 15,605.33
S/. 86,240.00

S/. 6,061.70

S/. 6,061.70

gió de bimestral a semestral

ntó gastos de útiles de oficina de 40 a 150

ntó gastos de distribución de 240 a 3500
 DEPRECIACION

VALOR TIEMPO VALOR RESIDUAL

Mobiliario S/. 3,036.20 10 S/. 1.00

Máquinas S/. 4,360.50 10 S/. 1.00
Equipos S/. 25,710.80 3 S/. 1.00
TOTAL
N

D.ANUAL D. SEMESTRAL
SLN 2
S/. 303.52 S/. 151.76
S/. 435.95 S/. 217.98
S/. 8,569.93 S/. 4,284.97
S/. 9,309.40 S/. 4,654.70
 FINANCIAMIENTO

TOTAL INVERSION S/. 72,736.33

FINANCIAMIENTO DE ACCIONISTAS S/. 10,000.00
FINANCIAMIENTO BANCARIO S/. 62,736.33
PLAZO 24
TASA 21%

TASA MENSUAL 1.74%

CUOTA S/. 3,220.08

PERIODO SALDO INTERESES AMORTIZACION

1 S/. 62,736.33 S/. 1,091.66 S/. 2,128.42
2 S/. 60,607.91 S/. 1,054.63 S/. 2,165.45
3 S/. 58,442 S/. 1,016.95 S/. 2,203.13
4 S/. 56,239 S/. 978.61 S/. 2,241.47
5 S/. 53,998 S/. 939.61 S/. 2,280.47
6 S/. 51,717 S/. 899.93 S/. 2,320.16
7 S/. 49,397 S/. 859.55 S/. 2,360.53
8 S/. 47,037 S/. 818.48 S/. 2,401.60
9 S/. 44,635 S/. 776.69 S/. 2,443.39
10 S/. 42,192 S/. 734.17 S/. 2,485.91
11 S/. 39,706 S/. 690.91 S/. 2,529.17
12 S/. 37,177 S/. 646.90 S/. 2,573.18
13 S/. 34,603 S/. 602.13 S/. 2,617.95
14 S/. 31,985 S/. 556.57 S/. 2,663.51
15 S/. 29,322 S/. 510.23 S/. 2,709.85
16 S/. 26,612 S/. 463.07 S/. 2,757.01
17 S/. 23,855 S/. 415.10 S/. 2,804.98
18 S/. 21,050 S/. 366.29 S/. 2,853.79
19 S/. 18,196 S/. 316.63 S/. 2,903.45
20 S/. 15,293 S/. 266.11 S/. 2,953.97
21 S/. 12,339 S/. 214.71 S/. 3,005.37
22 S/. 9,334 S/. 162.41 S/. 3,057.67
23 S/. 6,276 S/. 109.21 S/. 3,110.88
24 S/. 3,165 S/. 55.07 S/. 3,165.01

TOTAL S/. 14,545.63 S/. 62,736.33

CUADRO DE RESUMEN SEMESTRAL

 1er SEM 2do SEM 3er SEM
INTERES S/. 5,981.39 S/. 4,526.71 S/. 2,913.39
AMORTIZ. S/. 13,339.10 S/. 14,793.78 S/. 16,407.10
 100%
14%
86%
meses
anual

CUOTA
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
S/. 3,220.08
 4to SEM 5to SEM 6to SEM
S/. 1,124.14
S/. 18,196.35
 VENTAS

PRECIO P/CLIENTE PRECIO AL PUBLICO

2 Pack (1 docena) 12 UNIDAD
LINEA 1 S/. 15.00 S/. 1.25 S/. 1.50
LINEA 2 S/. 18.00 S/. 1.50 S/. 1.80

LINEA 1er SEM 2do SEM 3er SEM

LINEA 1 S/. 42,768.00 S/. 45,822.86 S/. 48,877.71
LINEA 2 S/. 104,198.40 S/. 111,641.14 S/. 119,083.89
TOTAL S/. 146,966.40 S/. 157,464.00 S/. 167,961.60
NTAS

PRECIO AL PUBLICO GANANCIA

20%
DOCENA CLIENTE/DOC
S/. 18.00 S/. 15.00 S/. 3.00
S/. 21.60 S/. 18.00 S/. 3.60

4to SEM 5to SEM 6to SEM CONTRIBUCIÓN

S/. 54,987.43 S/. 61,097.14 S/. 61,097.14 29%
S/. 133,969.37 S/. 148,854.86 S/. 148,854.86 71%
S/. 188,956.80 S/. 209,952.00 S/. 209,952.00 100%
COSTOS SEMESTRALES A PLENA CAPACIDAD

SEMESTRAL

SUELDO Y SALARIOS S/. 43,120.00 COSTO FIJOS

MATERIA PRIMA SUELDOS Y SALARIOS
LINEA 1 S/. 2.69 SERVICIOS
LINEA 2 S/. 3.38 PUBLICIDAD
SERVICIOS S/. 30,556.20 DEPRECIACION
PUBLICIDAD S/. 5,814.00 75.55% TOTAL COSTO FIJO
GST.ADM Y VENTAS S/. 21,900.00
COSTO VARIABLES
MATERIA PRIMA
LINEA 1
LINEA 2
24.45% TOTAL COSTO VARIABLE

COSTO TOTALES

GTS DE ADM Y VTS

 PRESUPUESTO DE COSTOS

1er SEM 2do SEM 3er SEM 4to SEM

S/. 43,120.00 S/. 43,120.00 S/. 43,120.00 S/. 43,120.00

S/. 30,556.20 S/. 30,556.20 S/. 30,556.20 S/. 30,556.20
S/. 5,814.00 S/. 5,814.00 S/. 5,814.00 S/. 5,814.00
S/. 4,654.70 S/. 4,654.70 S/. 4,654.70 S/. 4,654.70
S/. 84,144.90 S/. 84,144.90 S/. 84,144.90 S/. 84,144.90

S/. 7,662.60 S/. 8,209.93 S/. 8,757.26 S/. 9,851.91

S/. 19,566.14 S/. 20,963.73 S/. 22,361.31 S/. 25,156.47
S/. 27,228.74 S/. 29,173.65 S/. 31,118.56 S/. 35,008.39

S/. 111,373.65 S/. 113,318.56 S/. 115,263.47 S/. 119,153.29

S/. 21,900.00 S/. 21,900.00 S/. 21,900.00 S/. 21,900.00

 5to SEM 6to SEM

S/. 43,120.00 S/. 43,120.00

S/. 30,556.20 S/. 30,556.20
S/. 5,814.00 S/. 5,814.00
S/. 4,654.70 S/. 4,654.70
S/. 84,144.90 S/. 84,144.90 68.39%

S/. 10,946.57 S/. 10,946.57

S/. 27,951.63 S/. 27,951.63
S/. 38,898.21 S/. 38,898.21 31.61%

S/. 123,043.11 S/. 123,043.11

S/. 21,900.00 S/. 21,900.00

 PUNTO DE EQULIBRIO

LINEA 1 1er SEM 2do SEM 3er SEM 4to SEM

CFP S/. 32,600.24 S/. 32,176.92 S/. 31,707.44 S/. 31,186.76
CV S/. 7,662.60 S/. 8,209.93 S/. 8,757.26 S/. 9,851.91
Q 2851 3055 3259 3666
P S/. 15.00 S/. 15.00 S/. 15.00 S/. 15.00
MC S/. 12.31 S/. 12.31 S/. 12.31 S/. 12.31
Qe 2648 2613 2575 2533
U. ESP S/. 2,505.16 S/. 5,436.00 S/. 8,413.02 S/. 13,948.76
optimizacion 92.86% 85.55% 79.03% 69.10%

LINEA 2 1er SEM 2do SEM 3er SEM 4to SEM

CFP S/. 79,426.05 S/. 78,394.69 S/. 77,250.85 S/. 75,982.28
CV S/. 19,566.14 S/. 20,963.73 S/. 22,361.31 S/. 25,156.47
Q 5789 6202 6616 7443
P S/. 18.00 S/. 18.00 S/. 18.00 S/. 18.00
MC S/. 14.62 S/. 14.62 S/. 14.62 S/. 14.62
Qe 5433 5362 5284 5197
U. ESP S/. 5,206.21 S/. 12,282.73 S/. 19,471.72 S/. 32,830.62
optimizacion 93.85% 86.45% 79.87% 69.83%
 5to SEM 6to SEM
S/. 30,859.63 S/. 30,859.63
S/. 10,946.57 S/. 10,946.57
4073 4073
S/. 15.00 S/. 15.00
S/. 12.31 S/. 12.31
2506 2506
S/. 19,290.94 S/. 19,290.94
61.53% 61.53%

5to SEM 6to SEM

S/. 75,185.27 S/. 75,185.27
S/. 27,951.63 S/. 27,951.63
8270 8270
S/. 18.00 S/. 18.00
S/. 14.62 S/. 14.62
5143 5143
S/. 45,717.95 S/. 45,717.95
62.19% 62.19%
 ESTADO DE GANANCIAS Y PERDIDAS
FINANCIERO

1er SEM 2do SEM 3er SEM

VENTAS S/. 146,966.40 S/. 157,464.00 S/. 167,961.60
COSTO DE VENTAS S/. 111,373.65 S/. 113,318.56 S/. 115,263.47
UTILIDAD BRUTA S/. 35,592.75 S/. 44,145.44 S/. 52,698.13
GASTOS FINANCIEROS S/. 5,981.39 S/. 4,526.71 S/. 2,913.39
GASTOS DE AD Y VTAS S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
UTILIDAD IMPONIBLE S/. 7,711.37 S/. 17,718.73 S/. 27,884.74
IMPUESTOS 28% S/. 4,961.25 S/. 7,807.73
UTILIDAD NETA S/. 7,711.37 S/. 12,757.49 S/. 20,077.01

ESTADO DE GANANCIAS Y PERDIDAS

ECONOMICO

1er SEM 2do SEM 3er SEM

VENTAS S/. 146,966.40 S/. 157,464.00 S/. 167,961.60
COSTO DE VENTAS S/. 111,373.65 S/. 113,318.56 S/. 115,263.47
UTILIDAD BRUTA S/. 35,592.75 S/. 44,145.44 S/. 52,698.13
GASTOS FINANCIEROS
GASTOS DE AD Y VTAS S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
UTILIDAD IMPONIBLE S/. 13,692.75 S/. 22,245.44 S/. 30,798.13
IMPUESTOS 28% S/. 6,228.72 S/. 8,623.48
UTILIDAD NETA S/. 13,692.75 S/. 16,016.72 S/. 22,174.66
 Y PERDIDAS
O

4to SEM 5to SEM 6to SEM

S/. 188,956.80 S/. 209,952.00 S/. 209,952.00
S/. 119,153.29 S/. 123,043.11 S/. 123,043.11
S/. 69,803.51 S/. 86,908.89 S/. 86,908.89
S/. 1,124.14 S/. - S/. -
S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
S/. 46,779.37 S/. 65,008.89 S/. 65,008.89
S/. 13,098.22 S/. 18,202.49 S/. 18,202.49
S/. 33,681.15 S/. 46,806.40 S/. 46,806.40

Y PERDIDAS
O

4to SEM 5to SEM 6to SEM

S/. 188,956.80 S/. 209,952.00 S/. 209,952.00
S/. 119,153.29 S/. 123,043.11 S/. 123,043.11
S/. 69,803.51 S/. 86,908.89 S/. 86,908.89

S/. 21,900.00 S/. 21,900.00 S/. 21,900.00

S/. 47,903.51 S/. 65,008.89 S/. 65,008.89
S/. 13,412.98 S/. 18,202.49 S/. 18,202.49
S/. 34,490.53 S/. 46,806.40 S/. 46,806.40
 FLUJO CAJA FINANCIERO

INGRESOS 1er SEM 2do SEM 3er SEM

SALDO INICIAL S/. 484.50 S/. 484.50 S/. 484.50
VENTAS S/. 146,966.40 S/. 157,464.00 S/. 167,961.60
TOTAL INGRESOS S/. 147,450.90 S/. 157,948.50 S/. 168,446.10
EGRESOS
COSTO DE VTA - DEPREC S/. 116,028.35 S/. 117,973.26 S/. 119,918.17
GASTOS FINAC S/. 5,981.39 S/. 4,526.71 S/. 2,913.39
GASTOS DE AD Y VTAS S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
AMORTIZACION S/. 13,339.10 S/. 14,793.78 S/. 16,407.10
IMPUESTOS S/. - S/. 4,961.25 S/. 7,807.73
TOTAL EGRESOS S/. 157,248.84 S/. 164,154.99 S/. 168,946.38
SALDO FINAL -9797.94 -6206.49 -500.28

FLUJO CAJA ECONOMICO

INGRESOS 1er SEM 2do SEM 3er SEM

SALDO INICIAL S/. 484.50 S/. 484.50 S/. 484.50
VENTAS S/. 146,966.40 S/. 157,464.00 S/. 167,961.60
TOTAL INGRESOS S/. 147,450.90 S/. 157,948.50 S/. 168,446.10
EGRESOS
COSTO DE VTA - DEPREC S/. 116,028.35 S/. 117,973.26 S/. 119,918.17
GASTOS FINAC
GASTOS DE AD Y VTAS S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
AMORTIZACION
IMPUESTOS S/. - S/. 6,228.72 S/. 8,623.48
TOTAL EGRESOS S/. 137,928.35 S/. 146,101.98 S/. 150,441.65
SALDO FINAL S/. 9,522.55 S/. 11,846.52 S/. 18,004.45
ANCIERO

4to SEM 5to SEM 6to SEM

S/. 484.50 S/. 484.50 S/. 484.50
S/. 188,956.80 S/. 209,952.00 S/. 209,952.00
S/. 189,441.30 S/. 210,436.50 S/. 210,436.50

S/. 123,807.99 S/. 127,697.81 S/. 127,697.81

S/. 1,124.14 S/. - S/. -
S/. 21,900.00 S/. 21,900.00 S/. 21,900.00
S/. 18,196.35 S/. - S/. -
S/. 13,098.22 S/. 18,202.49 S/. 18,202.49
S/. 178,126.70 S/. 167,800.30 S/. 167,800.30
11314.60 42636.20 42636.20

ONOMICO

4to SEM 5to SEM 6to SEM

S/. 484.50 S/. 484.50 S/. 484.50
S/. 188,956.80 S/. 209,952.00 S/. 209,952.00
S/. 189,441.30 S/. 210,436.50 S/. 210,436.50

S/. 123,807.99 S/. 127,697.81 S/. 127,697.81

S/. 21,900.00 S/. 21,900.00 S/. 21,900.00

S/. 13,412.98 S/. 18,202.49 S/. 18,202.49

S/. 159,120.97 S/. 167,800.30 S/. 167,800.30
S/. 30,320.33 S/. 42,636.20 S/. 42,636.20
 CUADRO DE BENEFICIOS DEL PROYE

beneficios financieros

BIM 0 1er SEM 2do SEM

inversion S/. 72,736.33
beneficis brutos S/. 147,450.90 S/. 157,948.50
costos y gastos S/. 157,248.84 S/. 164,154.99
beneficios netos S/. -72,736.33 S/. -9,797.94 S/. -6,206.49
-72,736.33 -13332.84
beneficios economicos

BIM 0 1er SEM 2do SEM

inversion S/. 72,736.33
beneficis brutos S/. 147,450.90 S/. 157,948.50
costos y gastos S/. 137,928.35 S/. 146,101.98
beneficios netos S/. -72,736.33 S/. 9,522.55 S/. 11,846.52
-72,736.33 17660.39

0.00%
NEFICIOS DEL PROYECTO

3er SEM 4to SEM 5to SEM 6to SEM

S/. 168,446.10 S/. 189,441.30 S/. 210,436.50 S/. 210,436.50

S/. 168,946.38 S/. 178,126.70 S/. 167,800.30 S/. 167,800.30
S/. -500.28 S/. 11,314.60 S/. 42,636.20 S/. 42,636.20
7505.23 49301.07

3er SEM 4to SEM 5to SEM 6to SEM

S/. 168,446.10 S/. 189,441.30 S/. 210,436.50 S/. 210,436.50

S/. 150,441.65 S/. 159,120.97 S/. 167,800.30 S/. 167,800.30
S/. 18,004.45 S/. 30,320.33 S/. 42,636.20 S/. 42,636.20
33006.48 48134.05
-29262.86

26064.59
 CÁLCULO DE LA TASA DE DESCUENTO FINANCIAMIENTO MIXTO

% DEL PRESTAMO 86% TASA DE MERCADO

% APORTES 14% COK
TASA FINANCIERA 21%
COK 14%
TASA DE DESCUENTO 20.04% 17.0484%
Valor Actual de Inversion S/. 72,736.33

INDICADORES DE BENEFICIOS FINANCIEROS

BASE DE DATOS INDICADORES FINANCIEROS

tasa de financiamiento anual 21% 1. VALOR ACTUAL NETO FINANCIERO

tasa financiera semestral 10.00%
tasa de descuento anual 20.04% VABN
tasa de descuento semestral 9.56% VAI
VANF

2. TIR (tasa interna de retorno financiera)

TIRF

3. RELACION FINANCIERA / COSTO BENEFICIO

VAI
VAB
VAC
B/C

INDICADORES DE BENEFICIOS ECONÓMICOS

BASE DE DATOS INDICADORES ECONOMICOS

tasa de financiamiento anual 21.00% 1. VALOR ACTUAL NETO ECONOMICO

tasa financiera semestral 10.00%
tasa de descuento anual 20.04% VABN
tasa de descuento semestral 9.56% VAI
VANE

2. TIR (tasa interna de retorno economica)

TIRE

3. RELACION ECONOMICA / COSTO BENEFICIO

VAI
VAB
VAC
B/C
AMIENTO MIXTO

DE MERCADO 35% COSTO DE CAPITAL PROPIO

COK 14% Rf (Tasa del Tesoro de EEUU) 2.77%
Rm (Estrategias para el Mercado Peruano) 14.76%
Rp (Informe Diario Gestión del 12.12.2017) 1.12%
Beta (Damodaram) 0.91
COSTO DE OPORTUNIDAD DE CAPITAL (COK) 14.80%

CIEROS Tasa de Descuento = CPPC = WACC : Representa el Costo de Capita

Proyecto.
ANCIEROS Costo de Oportunidad de Capital (COK) : Representa el rendimien
de la mejor alternativa de inversioú n con igual riesgo (no es un indi
ETO FINANCIERO rentabilidad; sirve para evaluar el aporte propio).

S/. 45,016.81 VAN (Valor Actual Neto) : Exceso o Deficit para llegar a la rentabili
esperada. Es la compracioú n entre el vapor presente de los flujos y
S/. 72,736.33 si es posistivo, vamos a incrementar nuestro capital a futuro o se h
S/. (27,719.52) valor; si es negativo estaríúamos previendo una caíúda de nuestro pa

de retorno financiera)

1.58%
Tasa Interna de Retorno (TIR) : Es la tasa de intereú s o rentabilidad
una inversioú n, es decir, es el porcentaje de beneficio o peú rdida que
CIERA / COSTO BENEFICIO inversioú n para las cantidades que no se han retirado del proyecto.
rentabilidad real del proyecto. Es la tasa de descuento que hace al
S/. 72,736.33
S/. 780,685.26 VAI : Valor Actual de la Inversioú n.
S/. 735,668.45 VAB : Valor Actual de los Beneficios.
0.97 -0.38 VAC : Valor Actual de los Costos.
VABN : Valor Actual Beneficio Neto.
ÓMICOS VANF : Valor Actual Neto Financiero.

ETO ECONOMICO

S/. 104,951.18
S/. 72,736.33
S/. 32,214.86 VANE : Valor Actual Neto Econoú mico
VANE > 0 En moneda actual se recomienda invertir en el proyecto
de retorno economica) colocar el dinero en la actividad que brinda como rentabilidad la t
descuento.
 VANE > 0 En moneda actual se recomienda invertir en el proyecto
colocar el dinero en la actividad que brinda como rentabilidad la t
descuento.
19.95% TIR > COK La rentabilidad del proyecto es superior al míúnimo ac
lo que se deberíúa ir adelante.
OMICA / COSTO BENEFICIO Beneficio / Costo : Es el rendimiento por cada unidad monetaria.
Por cada sol invertido tengo una utilidad de S/. 0.44
72736.33
780685.26
675734.08
1.04 0.44
enta el Costo de Capital para el

presenta el rendimiento esperado

al riesgo (no es un indicador de
opio).

ara llegar a la rentabilidad

resente de los flujos y la inversioú n,
o capital a futuro o se ha generado
na caíúda de nuestro patrimonio.

intereú s o rentabilidad que ofrece

eneficio o peú rdida que tendraú una
retirado del proyecto. Es la
descuento que hace al VAN cero.

invertir en el proyecto en vez de

como rentabilidad la tasa de
superior al míúnimo aceptable por

da unidad monetaria.
 ANALISIS DE SENSIBILIDAD

BENEFICIO INCREMENTO
BIMESTRES INVERSIÓN BENEFICIO COSTO NETO DE COSTOS
5.66%
0 S/. 72,736.33 S/. -72,736.33 S/. -72,736.33
1 S/. 147,450.90 S/. 157,248.84 S/. -9,797.94 S/. -18,698.22
2 S/. 157,948.50 S/. 164,154.99 S/. -6,206.49 S/. -15,497.66
3 S/. 168,446.10 S/. 168,946.38 S/. -500.28 S/. -10,062.65
4 S/. 189,441.30 S/. 178,126.70 S/. 11,314.60 S/. 1,232.63
5 S/. 210,436.50 S/. 167,800.30 S/. 42,636.20 S/. 33,138.70
6 S/. 210,436.50 S/. 167,800.30 S/. 42,636.20 S/. 33,138.70

TIRF 1.58% -10.94%

TASA DE DESCUENTO BIMESTRAL 9.56%

 DECREMENTO
DE PRECIOS
4.57%
S/. -72,736.33
S/. -16,536.44
S/. -13,424.74
S/. -8,198.27
S/. 2,657.13
S/. 33,019.25
S/. 33,019.25

-9.50%