huevos 3 unidades 30 unidades

azucar 400 gr 1000 gr

mantequilla 100 gr 200 gr
harina 500 gr 1000 gr
leche 1 lata 6 latas
polvo 5 gr 25 gr
empaque 1 unidad

gas 1.10 kg 45 kg

chofer
pastelero
ayudantes

horno 35.53
amazadora 7,654.78
mesa
furgon

administrativa
vigilante
alguiler

año 1
venta diaria 30 unidades
margen bruto 25%

año2
venta 5% crecimiento mensual en fucion de mes anterior
margen bruto 20%

año
venta 10% crecimiento mensual en fucion de mes anterior
margen bruto 25%
horno nuevo

prestamo 8000
cuotas 12
TEA 36% 2.595%

periodo saldo interes

 0 8,000.00
1 7,423.23 207.64
2 6,831.48 192.67
3 6,224.38 177.31
4 5,601.52 161.55
5 4,962.49 145.39
6 4,306.88 128.80
7 3,634.25 111.78
8 2,944.17 94.33
9 2,236.17 76.42
10 1,509.79 58.04
11 764.57 39.19
12 - 19.84

Enero Febrero
VENTAS 25% 63,960.00 63,960.00
COSTO VENTAS 47,970.00 47,970.00
unidades 1800 1800
CU 26.65 26.65
U. Bruta A 15,990.00 15,990.00

G.A. B
administrativa 1500 1500
vigilante 1000 1000
alguiler 5000 5000

G.O. C
chofer 1500 1500
pastelero 2500 2500
ayudantes 1000 1000
U. operativa A-B-C 3,490.00 3,490.00
gastos fin. 207.64 192.67
1,557.29 1,509.72
U.A. I 1,725.07 1,787.62
517.521372965655 536.284714603
imp. 30% 0.3
U.Neta 1,207.55 1,251.33

ESTADO DE FLUJO DE EFECTIVO

INGRESOS POR VENTAS D 31,980.00 63,960.00

50% CONTADO 31,980.00 31,980.00
50% CREDITO 31,980.00

EGRESOS E 60,987.52 61,006.28

INSUMOS (CV) 47,970.00 47,970.00
MANO DE OBRA 3500 3500
ALQUILERES 5000 5000
LOGISTICO 4000 4000
IMPUESTOS 517.521372965655 536.284714603
Super/Def D-E - 29,007.52 2,953.72

INGRESOS FIN a
EGRESOS FIN b S/ 784.41 S/ 784.41
c S/3,390.26 S/3,390.26
SALDO ACT. FIN. a-b-c -S/ 4,174.67 -S/ 4,174.67

INGRESOS DE INV d
SALIDAD DE INV e
SALDO POR ACT. INV. d-e 0 0

Aum/Dism Caja - 68,000.00 -S/ 33,182.19 -S/ 1,220.96

CAJA INICIAL -S/ 33,182.19
CAJA FINAL -S/ 33,182.19 -S/ 34,403.15

valor actual neto

descuento
ROE x
mercado
empresa panificadora x
CO
fondo mutuo 30.0% KE
tasa de rendimiento del capital

costo de la deuda 36.0% KD

d/K ´1/3
TASA DESCUENTO 28.80% 2.13%

VALORIZAR VNA( tasa; flujo) VNA + INV. Inicial

VAN S/80,453.38 S/12,453.38
Enero Febrero
periodo de recuperacion -S/ 68,000.00 -S/ 33,182.19 -S/ 1,220.96
- 101,182.19 - 102,403.15

1 2
periodo de recuperacion dcto -S/ 68,000.00 - 32,489.68 - 1,170.53
- 100,489.68 - 101,660.20

TIR 2.455% SI TIR MAYOR DCTO RENTABLE

SI TIR MENOR DCTO NO RENTABLE
SOLO SE PERMITE UN CAMBIO DE DIRECCION DEL FLUJO
 CU
25 soles 2.50 unidades * ( costo/ und x paquete)
12 soles 4.80
14 soles 7.00
4.5 soles 2.25
25 soles 4.17
1 soles 0.20
5 soles 5.00
25.92

150 soles 5 x vez 3.6666666667 0.7333333333

1500 soles 26.65 cu

2500
1000

4200
2000
1800 financiado verificar terminos en banco 12 meses
60000 financiado verificar terminos en banco 24 meses

1500
1000
5000

on de mes anterior

on de mes anterior

prestamo 60000
cuotas 24
TEA 36.00% 2.595%

amortizacion cuota periodo saldo interes amortizacion

 - 8,000.00 0 60,000.00
S/ 576.77 S/ 784.41 1 58,167.03 1,557.29 1,832.97
S/ 591.74 S/ 784.41 2 56,286.49 1,509.72 1,880.54
S/ 607.10 S/ 784.41 3 54,357.14 1,460.91 1,929.35
S/ 622.86 S/ 784.41 4 52,377.71 1,410.83 1,979.43
S/ 639.03 S/ 784.41 5 50,346.90 1,359.45 2,030.80
S/ 655.61 S/ 784.41 6 48,263.39 1,306.75 2,083.51
S/ 672.63 S/ 784.41 7 46,125.80 1,252.67 2,137.59
S/ 690.09 S/ 784.41 8 43,932.73 1,197.19 2,193.07
S/ 708.00 S/ 784.41 9 41,682.74 1,140.27 2,249.99
S/ 726.37 S/ 784.41 10 39,374.35 1,081.87 2,308.39
S/ 745.23 S/ 784.41 11 37,006.04 1,021.95 2,368.30
S/ 764.57 S/ 784.41 12 34,576.27 960.49 2,429.77
2.595% 13 32,083.43 897.42 2,492.84
14 29,525.90 832.72 2,557.54
15 26,901.98 766.34 2,623.92
16 24,209.95 698.24 2,692.02
17 21,448.06 628.37 2,761.89
18 18,614.48 556.68 2,833.58
19 15,707.36 483.14 2,907.12
20 12,724.78 407.68 2,982.58
21 9,664.79 330.27 3,059.99
22 6,525.38 250.85 3,139.41
23 3,304.49 169.37 3,220.89
24 - 85.77 3,304.49

Marzo Abril Mayo Junio Julio Agosto Setiembre

63,960.00 63,960.00 63,960.00 63,960.00 63,960.00 63,960.00 63,960.00
47,970.00 47,970.00 47,970.00 47,970.00 47,970.00 47,970.00 47,970.00
1800 1800 1800 1800 1800 1800 1800
26.65 26.65 26.65 26.65 26.65 26.65 26.65
15,990.00 15,990.00 15,990.00 15,990.00 15,990.00 15,990.00 15,990.00

1500 1500 1500 1500 1500 1500 1500

1000 1000 1000 1000 1000 1000 1000
5000 5000 5000 5000 5000 5000 5000

1500 1500 1500 1500 1500 1500 1500

2500 2500 2500 2500 2500 2500 2500
1000 1000 1000 1000 1000 1000 1000
3,490.00 3,490.00 3,490.00 3,490.00 3,490.00 3,490.00 3,490.00
 177.31 161.55 145.39 128.80 111.78 94.33 76.42
1,460.91 1,410.83 1,359.45 1,306.75 1,252.67 1,197.19 1,140.27
1,851.78 1,917.62 1,985.16 2,054.45 2,125.55 2,198.49 2,273.32
555.53505567 575.28503616 595.54762412 616.33612421 637.66418637 659.54581487 681.995377414

1,296.25 1,342.33 1,389.61 1,438.12 1,487.88 1,538.94 1,591.32

63,960.00 63,960.00 63,960.00 63,960.00 63,960.00 63,960.00 63,960.00

31,980.00 31,980.00 31,980.00 31,980.00 31,980.00 31,980.00 31,980.00
31,980.00 31,980.00 31,980.00 31,980.00 31,980.00 31,980.00 31,980.00

61,025.54 61,045.29 61,065.55 61,086.34 61,107.66 61,129.55 61,152.00

47,970.00 47,970.00 47,970.00 47,970.00 47,970.00 47,970.00 47,970.00
3500 3500 3500 3500 3500 3500 3500
5000 5000 5000 5000 5000 5000 5000
4000 4000 4000 4000 4000 4000 4000
555.53505567 575.28503616 595.54762412 616.33612421 637.66418637 659.54581487 681.995377414
2,934.46 2,914.71 2,894.45 2,873.66 2,852.34 2,830.45 2,808.00

S/ 784.41 S/ 784.41 S/ 784.41 S/ 784.41 S/ 784.41 S/ 784.41 S/ 784.41

S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26
-S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67

0 0 0 0 0 0 0

-S/ 1,240.21 -S/ 1,259.96 -S/ 1,280.22 -S/ 1,301.01 -S/ 1,322.34 -S/ 1,344.22 -S/ 1,366.67
-S/ 34,403.15 -S/ 35,643.36 -S/ 36,903.31 -S/ 38,183.53 -S/ 39,484.54 -S/ 40,806.87 -S/ 42,151.09
-S/ 35,643.36 -S/ 36,903.31 -S/ 38,183.53 -S/ 39,484.54 -S/ 40,806.87 -S/ 42,151.09 -S/ 43,517.76
Marzo Abril Mayo Junio Julio Agosto Setiembre
-S/ 1,240.21 -S/ 1,259.96 -S/ 1,280.22 -S/ 1,301.01 -S/ 1,322.34 -S/ 1,344.22 -S/ 1,366.67
- 103,643.36 - 104,903.31 - 106,183.53 - 107,484.54 - 108,806.87 - 110,151.09 - 111,517.76

3 4 5 6 7 8 9
- 1,164.17 - 1,158.02 - 1,152.09 - 1,146.36 - 1,140.84 - 1,135.51 - 1,130.38
- 102,824.37 - 103,982.39 - 105,134.48 - 106,280.84 - 107,421.68 - 108,557.20 - 109,687.58
und x paquete)

Prestamo 4200
Cuotas 12
TEA 36% 2.595%

cuota periodo saldo interes amortizacion

 0 4,200.00
S/3,390.26 1 3,897.19 109.01 302.81
S/3,390.26 2 3,586.53 101.15 310.67
S/3,390.26 3 3,267.80 93.09 318.73
S/3,390.26 4 2,940.80 84.82 327.00
S/3,390.26 5 2,605.31 76.33 335.49
S/3,390.26 6 2,261.11 67.62 344.20
S/3,390.26 7 1,907.98 58.69 353.13
S/3,390.26 8 1,545.69 49.52 362.30
S/3,390.26 9 1,173.99 40.12 371.70
S/3,390.26 10 792.64 30.47 381.35
S/3,390.26 11 401.40 20.57 391.24
S/3,390.26 12 - 10.42 401.40
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26
S/3,390.26

Crecimiento 5%
Inflación 6%
Octubre Noviembre Diciembre Enero Febrero Marzo
63,960.00 63,960.00 63,960.00 66,738.26 70,075.18 73,578.93
47,970.00 47,970.00 47,970.00 53,390.61 56,060.14 58,863.15
1800 1800 1800 1,890.00 1,984.50 2,083.73
26.65 26.65 26.65 28.25 28.25 28.25
15,990.00 15,990.00 15,990.00 13,347.65 14,015.04 14,715.79

1500 1500 1500 1500 1500 1500

1000 1000 1000 1000 1000 1000
5000 5000 5000 5000 5000 5000

1500 1500 1500 1500 1500 1500

2500 2500 2500 2500 2500 2500
1000 1000 1000 1000 1000 1000
3,490.00 3,490.00 3,490.00 847.65 1,515.04 2,215.79
 58.04 39.19 19.84
1,081.87 1,021.95 960.49 897.42 832.72 766.34
2,350.09 2,428.86 2,509.67 - 49.77 682.31 1,449.45
705.02761464 728.65764978 752.90099857 0 204.69447039 434.8341432

1,645.06 1,700.20 1,756.77 - 49.77 477.62 1,014.61

63,960.00 63,960.00 63,960.00 65,349.13 68,406.72 71,827.06

31,980.00 31,980.00 31,980.00 33,369.13 35,037.59 36,789.47
31,980.00 31,980.00 31,980.00 31,980.00 33,369.13 35,037.59

61,175.03 61,198.66 61,222.90 65,890.61 68,764.83 71,797.98

47,970.00 47,970.00 47,970.00 53,390.61 56,060.14 58,863.15
3500 3500 3500 3500 3500 3500
5000 5000 5000 5000 5000 5000
4000 4000 4000 4000 4000 4000
705.02761464 728.65764978 752.90099857 0 204.69447039 434.8341432
2,784.97 2,761.34 2,737.10 - 541.48 - 358.12 29.07

S/ 784.41 S/ 784.41 S/ 784.41

S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26
-S/ 4,174.67 -S/ 4,174.67 -S/ 4,174.67 -S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26

0 0 0 0 0 0

-S/ 1,389.70 -S/ 1,413.33 -S/ 1,437.57 -S/ 3,931.74 -S/ 3,748.37 -S/ 3,361.19
-S/ 43,517.76 -S/ 44,907.46 -S/ 46,320.79 -S/ 47,758.36 -S/ 51,690.10 -S/ 55,438.47
-S/ 44,907.46 -S/ 46,320.79 -S/ 47,758.36 -S/ 51,690.10 -S/ 55,438.47 -S/ 58,799.66
Octubre Noviembre Diciembre Enero Febrero Marzo
-S/ 1,389.70 -S/ 1,413.33 -S/ 1,437.57 -S/ 3,931.74 -S/ 3,748.37 -S/ 3,361.19
- 112,907.46 - 114,320.79 - 115,758.36 - 119,690.10 - 123,438.47 - 126,799.66

10 11 12 13 14 15
- 1,125.44 - 1,120.69 - 1,116.13 - 2,988.88 - 2,790.02 - 2,449.61
- 110,813.02 - 111,933.72 - 113,049.85 - 116,038.73 - 118,828.75 - 121,278.37
cuota
 S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82
S/411.82

Abril Mayo Junio Julio Agosto Setiembre

77,257.88 81,120.78 85,176.81 89,435.65 93,907.44 98,602.81
61,806.30 64,896.62 68,141.45 71,548.52 75,125.95 78,882.25
2,187.91 2,297.31 2,412.17 2,532.78 2,659.42 2,792.39
28.25 28.25 28.25 28.25 28.25 28.25
15,451.58 16,224.16 17,035.36 17,887.13 18,781.49 19,720.56

1500 1500 1500 1500 1500 1500

1000 1000 1000 1000 1000 1000
5000 5000 5000 5000 5000 5000

1500 1500 1500 1500 1500 1500

2500 2500 2500 2500 2500 2500
1000 1000 1000 1000 1000 1000
2,951.58 3,724.16 4,535.36 5,387.13 6,281.49 7,220.56
 698.24 628.37 556.68 483.14 407.68 330.27
2,253.34 3,095.79 3,978.68 4,904.00 5,873.81 6,890.29
676.001960713942 928.7369019882 1193.6045724525 1471.198526866 1762.14165819 2067.0876557

1,577.34 2,167.05 2,785.08 3,432.80 4,111.66 4,823.20

75,418.41 79,189.33 83,148.79 87,306.23 91,671.55 96,255.12

38,628.94 40,560.39 42,588.41 44,717.83 46,953.72 49,301.40
36,789.47 38,628.94 40,560.39 42,588.41 44,717.83 46,953.72

74,982.31 78,325.36 81,835.06 85,519.72 89,388.09 93,449.34

61,806.30 64,896.62 68,141.45 71,548.52 75,125.95 78,882.25
3500 3500 3500 3500 3500 3500
5000 5000 5000 5000 5000 5000
4000 4000 4000 4000 4000 4000
676.001960713942 928.7369019882 1193.6045724525 1471.198526866 1762.14165819 2067.0876557
436.10 863.97 1,313.74 1,786.51 2,283.45 2,805.79

S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26 S/3,390.26

-S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26

0 0 0 0 0 0

-S/ 2,954.16 -S/ 2,526.29 -S/ 2,076.52 -S/ 1,603.75 -S/ 1,106.80 -S/ 584.47
-S/ 58,799.66 -S/ 61,753.81 -S/ 64,280.10 -S/ 66,356.62 -S/ 67,960.37 -S/ 69,067.17
-S/ 61,753.81 -S/ 64,280.10 -S/ 66,356.62 -S/ 67,960.37 -S/ 69,067.17 -S/ 69,651.64
Abril Mayo Junio Julio Agosto Setiembre
-S/ 2,954.16 -S/ 2,526.29 -S/ 2,076.52 -S/ 1,603.75 -S/ 1,106.80 -S/ 584.47
- 129,753.81 - 132,280.10 - 134,356.62 - 135,960.37 - 137,067.17 - 137,651.64

16 17 18 19 20 21
- 2,108.04 - 1,765.10 - 1,420.57 - 1,074.24 - 725.90 - 375.33
- 123,386.41 - 125,151.51 - 126,572.07 - 127,646.32 - 128,372.22 - 128,747.54
 Margen 25%
Crecimiento 10%
Inflación 6%

Octubre Noviembre Diciembre Enero Febrero Marzo

103,532.95 108,709.60 114,145.08 141,966.04 156,162.64 171,778.90
82,826.36 86,967.68 91,316.06 106,474.53 117,121.98 128,834.18
2,932.01 3,078.61 3,232.54 3,555.80 3,911.38 4,302.51
28.25 28.25 28.25 29.94 29.94 29.94
20,706.59 21,741.92 22,829.02 35,491.51 39,040.66 42,944.73

1500 1500 1500 1500 1500 1500

1000 1000 1000 1000 1000 1000
5000 5000 5000 5000 5000 5000

1500 1500 1500 1500 1500 1500

2500 2500 2500 2500 2500 2500
1000 1000 1000 1000 1000 1000
8,206.59 9,241.92 10,329.02 22,991.51 26,540.66 30,444.73
 109.01 101.15 93.09
250.85 169.37 85.77
7,955.74 9,072.55 10,243.25 22,882.50 26,439.51 30,351.64
2386.72253572 2721.76624876 3072.974366657 6864.749695186 7931.8527609 9105.491550493

5,569.02 6,350.79 7,170.27 16,017.75 18,507.66 21,246.15

101,067.88 106,121.27 111,427.34 128,055.56 149,064.34 163,970.77

51,766.47 54,354.80 57,072.54 70,983.02 78,081.32 85,889.45
49,301.40 51,766.47 54,354.80 57,072.54 70,983.02 78,081.32

97,713.08 102,189.44 106,889.04 125,839.28 137,553.83 150,439.67

82,826.36 86,967.68 91,316.06 106,474.53 117,121.98 128,834.18
3500 3500 3500 3500 3500 3500
5000 5000 5000 5000 5000 5000
4000 4000 4000 4000 4000 4000
2386.72253572 2721.76624876 3072.974366657 6864.749695186 7931.8527609 9105.491550493
3,354.80 3,931.83 4,538.30 2,216.28 11,510.51 13,531.10

4200
S/411.82 S/411.82 S/411.82
S/3,390.26 S/3,390.26 S/3,390.26
-S/ 3,390.26 -S/ 3,390.26 -S/ 3,390.26 S/ 3,788.18 -S/ 411.82 -S/ 411.82

4200
0 0 0 -4200 0 0

-S/ 35.46 S/ 541.57 S/ 1,148.04 S/ 1,804.46 S/ 11,098.69 S/ 13,119.29

-S/ 69,651.64 -S/ 69,687.10 -S/ 69,145.53 -S/ 67,997.49 -S/ 66,193.03 -S/ 55,094.34
-S/ 69,687.10 -S/ 69,145.53 -S/ 67,997.49 -S/ 66,193.03 -S/ 55,094.34 -S/ 41,975.05
Octubre Noviembre Diciembre Enero Febrero Marzo
-S/ 35.46 S/ 541.57 S/ 1,148.04 S/ 1,804.46 S/ 11,098.69 S/ 13,119.29
- 137,687.10 - 137,145.53 - 135,997.49 - 134,193.03 - 123,094.34 - 109,975.05

22 23 24 25 26 27
- 22.30 333.41 692.03 1,065.02 6,413.88 7,423.34
- 128,769.84 - 128,436.43 - 127,744.40 - 126,679.38 - 120,265.50 - 112,842.16
Abril Mayo Junio Julio Agosto Setiembre Octubre
188,956.80 207,852.48 228,637.72 251,501.49 276,651.64 304,316.81 334,748.49
141,717.60 155,889.36 171,478.29 188,626.12 207,488.73 228,237.61 251,061.37
4,732.76 5,206.04 5,726.64 6,299.31 6,929.24 7,622.16 8,384.38
29.94 29.94 29.94 29.94 29.94 29.94 29.94
47,239.20 51,963.12 57,159.43 62,875.37 69,162.91 76,079.20 83,687.12

1500 1500 1500 1500 1500 1500 1500

1000 1000 1000 1000 1000 1000 1000
5000 5000 5000 5000 5000 5000 5000

1500 1500 1500 1500 1500 1500 1500

2500 2500 2500 2500 2500 2500 2500
1000 1000 1000 1000 1000 1000 1000
34,739.20 39,463.12 44,659.43 50,375.37 56,662.91 63,579.20 71,187.12
 84.82 76.33 67.62 58.69 49.52 40.12 30.47

34,654.38 39,386.79 44,591.81 50,316.69 56,613.39 63,539.08 71,156.65

10396.315105 11816.0372521 13377.5430816 15095.0060682 16984.0169074 19061.725234 21346.995512

24,258.07 27,570.75 31,214.27 35,221.68 39,629.37 44,477.36 49,809.66

180,367.85 198,404.64 218,245.10 240,069.61 264,076.57 290,484.23 319,532.65

94,478.40 103,926.24 114,318.86 125,750.75 138,325.82 152,158.40 167,374.24
85,889.45 94,478.40 103,926.24 114,318.86 125,750.75 138,325.82 152,158.40

164,613.91 180,205.39 197,355.83 216,221.13 236,972.75 259,799.33 284,908.36

141,717.60 155,889.36 171,478.29 188,626.12 207,488.73 228,237.61 251,061.37
3500 3500 3500 3500 3500 3500 3500
5000 5000 5000 5000 5000 5000 5000
4000 4000 4000 4000 4000 4000 4000
10396.315105 11816.0372521 13377.5430816 15095.0060682 16984.0169074 19061.725234 21346.995512
15,753.94 18,199.24 20,889.26 23,848.48 27,103.82 30,684.89 34,624.29

S/411.82 S/411.82 S/411.82 S/411.82 S/411.82 S/411.82 S/411.82

-S/ 411.82 -S/ 411.82 -S/ 411.82 -S/ 411.82 -S/ 411.82 -S/ 411.82 -S/ 411.82

0 0 0 0 0 0 0

S/ 15,342.12 S/ 17,787.43 S/ 20,477.45 S/ 23,436.66 S/ 26,692.00 S/ 30,273.08 S/ 34,212.47

-S/ 41,975.05 -S/ 26,632.93 -S/ 8,845.51 S/ 11,631.94 S/ 35,068.61 S/ 61,760.61 S/ 92,033.69
-S/ 26,632.93 -S/ 8,845.51 S/ 11,631.94 S/ 35,068.61 S/ 61,760.61 S/ 92,033.69 S/ 126,246.16
Abril Mayo Junio Julio Agosto Setiembre Octubre
S/ 15,342.12 S/ 17,787.43 S/ 20,477.45 S/ 23,436.66 S/ 26,692.00 S/ 30,273.08 S/ 34,212.47
- 94,632.93 - 76,845.51 - 56,368.06 - 32,931.39 - 6,239.39 24,033.69 58,246.16

28 29 30 31 32 33 34
8,499.92 9,649.02 10,876.42 12,188.39 13,591.65 15,093.43 16,701.53
- 104,342.23 - 94,693.22 - 83,816.79 - 71,628.40 - 58,036.75 - 42,943.32 - 26,241.79
Noviembre Diciembre
368,223.34 405,045.67
276,167.50 303,784.25
9,222.82 10,145.10
29.94 29.94
92,055.83 101,261.42

1500 1500
1000 1000
5000 5000

1500 1500
2500 2500
1000 1000
79,555.83 88,761.42
 20.57 10.42

79,535.26 88,751.00
23860.578515 26625.2999543

55,674.68 62,125.70

351,485.91 386,634.51
184,111.67 202,522.84
167,374.24 184,111.67

312,528.08 342,909.55
276,167.50 303,784.25
3500 3500
5000 5000
4000 4000
23860.578515 26625.2999543
38,957.83 43,724.95

S/411.82 S/411.82

-S/ 411.82 -S/ 411.82

0 0

S/ 38,546.01 S/ 43,313.13
S/ 126,246.16 S/ 164,792.17
S/ 164,792.17 S/ 208,105.31
Noviembre Diciembre
S/ 38,546.01 S/ 43,313.13
96,792.17 140,105.31

35 36
18,424.32 20,270.85
- 7,817.47 12,453.38