CEVICHERÍA

Modelo Directo
Tasa Dscto 15%
AÑOS
CONCEPTO
0 1 2 3 4
Cantidad 35,000 35,000 35,000 35,000
Precio Unitario 8.00 8.00 8.00 8.00
Costo Variable Unitario 3.00 3.00 3.00 3.00
INGRESO TOTAL 280,000.00 280,000.00 280,000.00 280,000.00
Costo Fijo 6,000 6,000 6,000 6,000
Costo Variable 105,000 105,000 105,000 105,000
Depreciación 37,500 37,500 37,500 37,500
UAII 131,500.00 131,500.00 131,500.00 131,500.00
Interes 2,000 2,000 2,000 2,000
UAI 129,500.00 129,500.00 129,500.00 129,500.00
Impuesto a la Renta 38,850 38,850 38,850 38,850
UTILIDAD NETA 90,650.00 90,650.00 90,650.00 90,650.00

FEO 128,150.00 128,150.00 128,150.00 128,150.00

Incremento de Activo Fijo 150,000 21,000
Incremento de KW 18,000 18,000
Prestamo 80,000
Amortización de la Deuda -20,000 -20,000 -20,000 -20,000
FEP C/F -88,000 108,150 108,150 108,150 147,150
VA 246,931 94,043 81,777 71,110 84,133
VAN 158,931
Modelo Simplificado

AÑOS
CONCEPTO
0 1 2 3 4
Cantidad 35,000 35,000 35,000 35,000
Precio Unitario 8.00 8.00 8.00 8.00
Costo Variable Unitario 3.00 3.00 3.00 3.00
INGRESO TOTAL 280,000.00 280,000.00 280,000.00 280,000.00
Costo Fijo 6,000 6,000 6,000 6,000
Costo Variable 105,000 105,000 105,000 105,000
Depreciación 37,500 37,500 37,500 37,500
UAII 131,500.00 131,500.00 131,500.00 131,500.00
Impuesto a la Renta 39,450.00 39,450.00 39,450.00 39,450.00
UTILIDAD NETA 92,050.00 92,050.00 92,050.00 92,050.00

FEO 129,550.00 129,550.00 129,550.00 129,550.00

Incremento de Activo Fijo 150,000 21,000.00
Incremento de KW 18,000 18,000.00
FEDA S/F -168,000.00 129,550.00 129,550.00 129,550.00 168,550.00
Prestamo 80000.00
Amortización -20000 -20000 -20000 -20000
Interés -2000 -2000 -2000 -2000
Escudo Fiscal 600 600 600 600
FEDA C/F -88,000.00 108,150 108,150 108,150 147,150
FED 246,931 94,043 81,777 71,110 84,133
VAN 158,931

120%
Construcción 5%
Equipamiento 10%
Impuesto a la Renta 30%
Tasa de descuento 15%
AÑOS
CONCEPTO
0 1 2 3 4 5
INGRESO TOTAL 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
Costo Total 52,000.00 52,000.00 52,000.00 52,000.00 52,000.00
Depreciación 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
UTILIDAD DE OPERACIÓN 42,000.00 42,000.00 42,000.00 42,000.00 42,000.00
Impuesto a la Renta 12,600.00 12,600.00 12,600.00 12,600.00 12,600.00
UTILIDAD NETA 29,400.00 29,400.00 29,400.00 29,400.00 29,400.00

FEO 35,400.00 35,400.00 35,400.00 35,400.00 35,400.00

Incremento de Activo Fijo 130,000.00
- Terreno 40,000.00
- Construcción 60,000.00
- Equipamiento 30,000.00
Incremento de KW 20,000.00
FEDA -150,000.00 35,400.00 35,400.00 35,400.00 35,400.00 35,400.00
FED 30,782.61 26,767.49 23,276.07 20,240.06 17,600.06
VA 57,550.09 80,826.17 101,066.23 118,666.29
VAN 49,911.03
TIR 22.22% 199911.03
AÑOS
6 7 8 9 10
100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
52,000.00 52,000.00 52,000.00 52,000.00 52,000.00
6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
42,000.00 42,000.00 42,000.00 42,000.00 42,000.00
12,600.00 12,600.00 12,600.00 12,600.00 12,600.00
29,400.00 29,400.00 29,400.00 29,400.00 29,400.00

35,400.00 35,400.00 35,400.00 35,400.00 35,400.00

40,000.00
30,000.00
0.00
20,000.00
35,400.00 35,400.00 35,400.00 35,400.00 125,400.00
15,304.40 13,308.17 11,572.32 10,062.89 30,996.96
133,970.69 147,278.86 158,851.18 168,914.07 199,911.03
LG

Cok 20%
AÑOS
CONCEPTO
0 1 2 3
Cantidad 640.00 850.00 980.00
Precio Unitario 240.00 300.00 300.00
Costo Variable Unitario 80.00 80.00 80.00
INGRESO TOTAL 153,600.00 255,000.00 294,000.00
Costo Fijo 50,000.00 50,000.00 50,000.00
Costo Variable 51,200.00 68,000.00 78,400.00
Depreciación 20,000.00 20,000.00 20,000.00
UTILIDAD DE OPERACIÓN 32,400.00 117,000.00 145,600.00
Impuesto a la Renta 9,720.00 35,100.00 43,680.00
UTILIDAD NETA 22,680.00 81,900.00 101,920.00

FEO 42,680.00 101,900.00 121,920.00

Incremento de Activo Fijo 60,000.00 8,400.00
Incremento de KW 5,000.00 5,000.00
FEDA -65,000.00 42,680.00 101,900.00 135,320.00
FED 184,640.74 35,566.67 70,763.89 78,310.19
VANE 119,640.74
TIRE 97.97%
FEDA S/F -65,000.00 42,680.00 101,900.00 135,320.00
Prestamo 26000.00
Amortización de la Deuda -7172.17 -8575.18 -10252.64
Interés -5086.07 -3683.06 -2005.60
Escudo Fiscal 1525.82 1104.92 601.68
FEDA C/F -39,000.00 31,947.57 90,746.67 123,663.43
FED 169,223.26 27,195 65,754 76,274 WACC
VANF 130,223.26
TIRF 136.76%
32,400.00
-5086.07
TEA 19.56% 27,313.93 EFI
TEM 1.50% 8,194.18 1,525.82
TIEMPO 3 19,119.75

Monto S/. 26,000.00

Valor de cada cuota anual S/. 12,258.25

AÑO 0 AÑO 1 AÑO 2 AÑO 3

Deuda S/. 26,000 S/. 26,000 S/. 18,828 S/. 10,253
Cuota (S/. 12,258) (S/. 12,258) (S/. 12,258)
Interés (S/. 5,086) (S/. 3,683) (S/. 2,006)
Amortización (S/. 7,172) (S/. 8,575) (S/. 10,253)
Saldo S/. 26,000 S/. 18,828 S/. 10,253 S/. 0
 2019 Kd 19.6%
Ke 20.0%
26,000 IR 30.0%
ESTRUCTUR We 60.0%
A DE
CAPITAL Wd 40.0%
39,000 Ir 30.0%
Wacc 0.17
TOTAL 65,000

ESTRUCTUR 40%
A DE
CAPITAL 60%

TOTAL 100%