Ejercicio 5 cap 3Cuentas012345CapitalPlazo (Aos)InteresesIngresos$ 200,000,000.00$ 200,000,000.00$ 200,000,000.00$ 200,000,000.00$ 200,000,000.00$ 100,000,000.00510%otros ingresos$ 40,000,000.00costos operacin$ 80,000,000.00$ 80,000,000.00$ 80,000,000.00$ 80,000,000.00$ 80,000,000.00Total Pagos Pago Anualdepreciacion$ 20,000,000.00$ 20,000,000.00$ 20,000,000.00$ 20,000,000.00$ 20,000,000.00$ 26,379,748.08$ 5,275,949.62Intereses$ 10,000,000.00$ 8,362,025.19$ 6,560,252.90$ 4,578,303.39$ 2,398,158.92Ganacia Neta Gravable$ 90,000,000.00$ 91,637,974.81$ 93,439,747.10$ 95,421,696.61$ 137,601,841.08Tabla de AmortizacinImpuestos 10%$ 9,000,000.00$ 9,163,797.48$ 9,343,974.71$ 9,542,169.66$ 13,760,184.11nSaldoCuotaInteresesAmortizacion KValor ActivoVida UtilGanacia Neta Contable$ 81,000,000.00$ 82,474,177.33$ 84,095,772.39$ 85,879,526.95$ 123,841,656.981$ 100,000,000.00$ 26,379,748.08$ 10,000,000.00$ 16,379,748.08$ 100,000,000.005depreciacion$ 20,000,000.00$ 20,000,000.00$ 20,000,000.00$ 20,000,000.00$ 20,000,000.002$ 83,620,251.92$ 26,379,748.08$ 8,362,025.19$ 18,017,722.89Depreciacinamortizacion intangibles3$ 65,602,529.03$ 26,379,748.08$ 6,560,252.90$ 19,819,495.18$ 20,000,000.00Inversin$ 200,000,000.004$ 45,783,033.86$ 26,379,748.08$ 4,578,303.39$ 21,801,444.69Prestamos$ 100,000,000.005$ 23,981,589.16$ 26,379,748.08$ 2,398,158.92$ 23,981,589.16Valor en libros$ 0.00Amortizacion Prestamos$ 16,379,748.08$ 18,017,722.89$ 19,819,495.18$ 21,801,444.69$ 23,981,589.16Venta del Activo$ 20,000,000.00Valor Libros Activos$ 100,000,000.00Valor flujo de fondos netos-$ 100,000,000.00 $ 84,620,251.92$ 84,456,454.44$ 84,276,277.21$ 84,078,082.26$ 219,860,067.81

Activo no depreciable$ 100,000,000.00Venta del Activo$ 120,000,000.00Ganancia$ 20,000,000.00

Ejercicio 4 cap 3Cuentas012345Costo (-)$ 10,000,000.0060%CapitalPlazo (Aos)InteresesIngresos$ 8,000,000.00$ 6,000,000.00530%Costos prod. Fijos$ 2,000,000.00$ 2,000,000.00$ 2,000,000.00$ 2,000,000.00$ 2,000,000.00Costos prod. Variables$ 1,000,000.00Total Pagos Pago AnualUtilidad Bruta$ 5,000,000.00$ 2,463,489.29$ 492,697.86Costos Admon.$ 700,000.00Costo Ventas$ 500,000.00Tabla de AmortizacinUtilidad Operacional$ 3,800,000.00Costos Financieros$ 1,800,000.00$ 1,440,000.00$ 1,080.00$ 720,000.00$ 360,000.00nSaldoCuotaInteresesAmortizacion KValor ActivoVida UtilUtilidad Antes de Impuestos$ 2,000,000.001$ 6,000,000.00$ 2,463,489.29$ 1,800,000.00$ 663,489.29$ 6,000,000.005Impuestos (40%)$ 800,000.002$ 5,336,510.71$ 2,463,489.29$ 1,600,953.21$ 862,536.08AmortizacinUtilidad Neta Final$ 1,200,000.003$ 4,473,974.63$ 2,463,489.29$ 1,342,192.39$ 1,121,296.90$ 1,200,000.00depreciacin$ 2,000,000.00$ 2,000,000.00$ 2,000,000.00$ 2,000,000.00$ 2,000,000.004$ 3,352,677.73$ 2,463,489.29$ 1,005,803.32$ 1,457,685.97Inversiones$ 10,000,000.005$ 1,894,991.76$ 2,463,489.29$ 568,497.53$ 1,894,991.76Prestamos$ 6,000,000.00Amortizacion Prestamos$ 1,200,000.00$ 1,200,000.00$ 1,200,000.00$ 1,200,000.00$ 1,200,000.00Flujo de Fondos Neto-$ 4,000,000.00 $ 2,000,000.00$ 3,206,000.00$ 4,685,000.00$ 508,774.00$ 8,766,478.00

Sin financiacin$ 4,280,000.00$ 5,270,000.00$ 6,533,000.00$ 8,140,774.00$ 10,182,478.00

Ganancia$ 0.00

Ejercicio 9 cap 3 CON FINANCIACINSIN FINANCIACIN

Cuentas0123456Cuentas0123456AoPrecio Tabletam2CapitalPlazo (Aos)Intereses+Ingresos$ 1,200,000$ 2,400,000$ 2,400,000$ 2,400,000$ 2,400,000Ingresos1$ 1508000$ 3,000,000.00515%+Otros Ingresos$ 525,000otros ingresos2$ 15016000-Costos Mano de Obra$ 75,000$ 150,000$ 150,000$ 150,000$ 150,000Costos Mano de Obra3$ 15016000Total Pagos Pago Anual-Materia Prima y Combustible$ 90,000$ 180,000$ 180,000$ 180,000$ 180,000Materia Prima y Combustible4$ 15016000$ 894,946.66$ 178,989.33-Mantenimiento y Repuestos$ 15,000$ 30,000$ 30,000$ 30,000$ 30,000Mantenimiento y Repuestos5$ 15016000-Otros gastos de operacin$ 15,000$ 30,000$ 30,000$ 30,000$ 30,000Otros costos de operacin-Costos de Administracin$ 75,000$ 150,000$ 150,000$ 150,000$ 150,000Costos de AdministracinTabla de Amortizacin-Publicidad y Ventas$ 30,000$ 60,000$ 60,000$ 60,000$ 60,000Publicidad y VentasnSaldoCuotaInteresesAmortizacion KValor Activo (Equipos)Vida Util-Depreciacion Edificios$ 85,000.00$ 85,000.00$ 85,000.00$ 85,000.00$ 85,000.00Depreciacion1$ 3,000,000.00$ 894,946.66$ 450,000.00$ 444,946.66$ 3,000,000.0010-Depreciacion Equipos$ 300,000.00$ 400,000.00$ 400,000.00$ 400,000.00$ 400,000.00Amortizacion intangibles2$ 2,555,053.34$ 894,946.66$ 383,258.00$ 511,688.66Depreciacin Ao1-Amortizacion intangibles$ 60,000.00$ 60,000.00$ 60,000.00$ 60,000.00$ 60,000.003$ 2,043,364.69$ 894,946.66$ 306,504.70$ 588,441.95$ 300,000.00-Intereses$ 450,000.00$ 383,258.00$ 306,504.70$ 218,238.41$ 116,732.17GNG$ 0.00$ 0.00$ 0.00$ 0.00$ 0.004$ 1,454,922.73$ 894,946.66$ 218,238.41$ 676,708.25=Ganacia Neta Gravable$ 5,000.00$ 871,742.00$ 948,495.30$ 1,036,761.59$ 1,138,267.83$ 525,000.00Impuestos 13%$ 0.00$ 0.00$ 0.00$ 0.00$ 0.005$ 778,214.48$ 894,946.66$ 116,732.17$ 778,214.48Valor Activo (Equipos)Vida Util-Impuestos 13%$ 650.00$ 113,326.46$ 123,304.39$ 134,779.01$ 147,974.82$ 68,250.006$ 4,000,000.0010-Prdida venta activos$ 1,500,000.00GNL$ 0.00$ 0.00$ 0.00$ 0.00$ 0.00Depreciacin Ao 2-Impuestos 13%$ 195,000.00Depreciacin$ 400,000.00Ganacia Neta Contable$ 4,350.00$ 758,415.54$ 825,190.91$ 901,982.58$ 990,293.01-$ 1,238,250.00 Amorti. InteresesInversiones+Depreciacin$ 385,000.00$ 485,000.00$ 485,000.00$ 485,000.00$ 485,000.00InversionesAo 0Ao 1Valor Activo (Edificios)Vida Util+Amortizacion intangibles$ 60,000$ 60,000$ 60,000$ 60,000$ 60,000Valor en librosTerrenos$ 700,000$ 1,700,000.0020-Estudios$ 300,000Recup. Capital de TrabajoContr. Edificios$ 1,700,000Depreciacin Ao 1Total Depreciacin-Terrenos$ 700,000Flujo de Fondos NetoAdquisicin Equipos$ 3,000,000$ 1,000,000$ 85,000.00$ 485,000.00-Edificio$ 1,700,000Total$ 5,400,000$ 1,000,000-Equipos$ 3,000,000$ 1,000,000Respuestas-$ 6,000,000.00$ 450,150.00$ 1,636,850.00$ 1,636,850.00$ 1,636,850.00$ 2,236,850.00$ 3,226,850.00Amortizacin Intangibles+Recup. Capital de Trabajo$ 300,000$ 300,000$ 600,000.00VentasDiferenciaEstudios $ 300,000+Aportes propiosTerrenos e Instal$ 2,500,000$ 100,0001$ 60,000+Prestamos$ 3,000,000Equipos$ 600,000$ 400,0002$ 12,000-Amortizacin Prestamos$ 444,946.66$ 511,688.66$ 588,441.95$ 676,708.25$ 778,214.48Total$ 500,0003$ 2,400+Valor en libros$ 4,075,000.004$ 480=Flujo de Fondos Neto-$ 3,000,000-$ 1,295,597$ 791,727$ 781,749$ 770,274$ 1,357,079$ 5,313,2505$ 96Respuestas-$ 3,000,000.00-$ 1,295,597.00$ 791,727.00$ 781,749.00$ 770,275.00$ 1,357,079.00$ 3,226,750.00Valor en libros equipo$ 600,000.00Venta del Activo$ 300,000.00Activo no depreciable$ 3,000,000.00Venta del ActivoGanancia-$ 3,000,000.00