EFP Examen Parcial Finanzas
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Mifarma.com PVU 1.00 1.00 1.00 1.00 CVU_helado 0.25 0.25 0.25 0.25 CVU_cono 0.20 0.20 0.20 0.20 # unidades = Q 101,227 101,227 101,227 101,227 t = 0.30 E/R 1 2 3 4 Ventas 101,227 101,227 101,227 101,227 CVU_helado 25,307 25,307 25,307 25,307 CVU_cono 20,245 20,245 20,245 20,245 Seguro 3,500 3,500 3,500 3,500 Mantenimiento 18,200 18,200 18,200 18,200 Depreciación 10,000 10,000 10,000 10,000 Alquiler 12,000 12,000 12,000 12,000 Adaptación 1,000 Restauración 1,500 EBIT -1,000 11,975 11,975 11,975 10,475 FCL 0 1 2 3 4 NOPAT -700 8,382 8,382 8,382 7,332 Depreciación 10,000 10,000 10,000 10,000 Inversiones -60,000 VR 6,000 Var CTN -3,000 0 0 0 3,000 FCL -63,700 18,382 18,382 18,382 26,332 VPN = 0 Nivel mínimo = 3.37% Nivel mínimo = 101,227
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Casos: Mifarmacia.com y Good Day Tires de Evaluación Financiera de Proyectos
Transcript of EFP Examen Parcial Finanzas
EFP - Examen Parcial
MifarmaMifarma.comPVU1.001.001.001.00CVU_helado0.250.250.250.25CVU_cono0.200.200.200.20# unidades = Q101,227101,227101,227101,227t =0.30E/R1234aosVentas101,227101,227101,227101,227CVU_helado25,30725,30725,30725,307CVU_cono20,24520,24520,24520,245Seguro3,5003,5003,5003,500Mantenimiento18,20018,20018,20018,200Depreciacin10,00010,00010,00010,000VL (4) =20,000Alquiler12,00012,00012,00012,000VM (0) =0Adaptacin1,000dif =20,000Restauracin1,5006000=> VR (4) =6,000EBIT-1,00011,97511,97511,97510,475FCL01234aosNOPAT-7008,3828,3828,3827,332Depreciacin10,00010,00010,00010,000Inversiones-60,000VR6,000Var CTN-3,0000003,000FCL-63,70018,38218,38218,38226,332VPN =0Nivel mnimo =3.37%Nivel mnimo =101,227
GDTGood Day TiresE/R ProformaMercado POE:Datos:1234aosI&D =10,000,000Q =880,000902,000924,550947,664n proyecto (aos) =4P =36.0037.5339.1340.79Pruebas de Mcdo =5,000,000Cvu =18.0018.7719.5620.39Capex =120,000,000n capex (aos) =7Mercado LldeR:VM (4) =51,428,571Q =1,120,0001,142,4001,165,2481,188,553P =59.0061.5164.1266.85Mcdo POEP =36Venta totales97,760,000104,118,228110,890,572118,104,041Cvu =18(-) Cto. Vtas36,000,00038,363,16640,881,69943,565,831Util bruta61,760,00065,755,06270,008,87274,538,210Mcdo LldeR(-) Gtos Adm+Vtas25,000,00025,812,50026,651,40627,517,577P =59(-) Depreciacin26,666,66723,333,33320,000,00016,666,667Cvu =18EBIT10,093,33316,609,22923,357,46630,353,967increm P =0.01sobre inflacinFCL01234aosincrem CVu =0.01sobre inflacinNOPAT7,065,33311,626,46016,350,22621,247,777(+) Depreciacin26,666,66723,333,33320,000,00016,666,667Ctos comercializ (1) =25,000,000(-/+) Var CTN(11,000,000)(3,664,000)(953,734)(1,015,852)16,633,586ao 2 y en adelante =increm = inflacin(-) Capex(120,000,000)t =0.30(+) VR (4)46,000,000inflac anual =0.0325FCL(131,000,000)30,068,00034,006,05935,334,375100,548,029tasa descuento =0.159Necesidad de CTN =11,000,00014,664,00015,617,73416,633,58617,715,606Mercado de llantasMcdo POE:VAN =-1,321,707.81produccin =2,000,000autos nuevosnecesidad de llantas =8,000,000= 2 mill x 4 llantascrecim prod anual =0.025particip de GDT =0.11Mcdo LLdR:produccin =14,000,000crecim prod anual =0.02particip de GDT =0.08n (n+1) / 2depreciacin:361ao (1) =0.142917,148,0000.222222222226,666,666.672ao (2) =0.244929,388,0000.194444444423,333,333.333ao (3) =0.174920,988,0000.166666666720,000,000.004ao (4) =0.124914,988,0000.138888888916,666,666.6786,666,666.675ao (5) =0.089310,716,0000.111111111113,333,333.336ao (6) =0.089310,716,0000.083333333310,000,000.007ao (7) =0.089310,716,0000.05555555566,666,666.678ao (8) =0.04455,340,0000.02777777783,333,333.33120,000,0001120,000,000VL (4) =33,333,333120,000,00018,095,238diferenciaCTN:5,428,571.30pago de imptosCTN (0) =11,000,000CTN (1) en adelant =0.15de las ventasVR (4) =46,000,000
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