Modelo económico financiero TAP - 8.1 al 8.10 (3)

ESTRUCTURA DE COSTOS - INDUSTRIAL
OBJETO DE COSTOS: RESISTENCIAS ELÉCTRICAS
CIF
1er PASO: LISTAR PARTIDAS 2do PASO: CLASIFICAR
Importe Producció
Item RUBROS DE COSTOS PE MPD MOD MPI MOI Otros CIF CV CF
US$ n
1 Sangrecita 1,000
2 Mano de obra
3 Local
4 Envases
5
6
7
8
9
10
11
12
13
14
Total US$. 1,000
3er PASO: REPORTE DE COSTOS Y GASTOS DEL SERVICIO
ESTRUCTURA DE COSTOS DE PRODUCCIÓN - MAYO 2023 ESTRUCTURA DE GASTOS OPERATIVOS - MAYO 2023
Costos para un nivel de actividad = 1,000 unidades

Estructura
Rubros de costos Importes US$ % de Costos GASTOS OPERATIVOS US$
Parcial Total Total Unitario Administrativos Total Unitario
Materia Prima Directa (MPD): 72,900 44% Remuneración de personal Adm-Contable 23,285 36% F 64,375 64.38 F
MPD Carcasa de acero inoxidable 38,650 V 102,790 102.79 V Depreciación equipos de oficina adm. 4,390 7% F 100.0%
MPD Alambre de cobre 25,950 V 61.6% Comerciales
MPD Soldaduras y Oxigeno 8,300 V Gasto de publicidad- propaganda 36,700 57% F
Mano de Obra Directa (MOD) 38,300 23%
MOD Operarios soldadores 23,600 F 64,210 64.21 F Gastos totales 64,375 ###
MOD Operarios de ensamblado 14,700 V 38.4%
Costos Indirectos de Fabricación (CIF) 55,800 33% 167.00 Gastos unitarios 64.38
MPI Soldaduras y Oxigeno 8,300
MPI Barniz aislante 2,800 V
MOI Gerente de producción 17,000 F
MOI Jefe de aseguramiento de calidad 11,000 F
OtrosAlquiler de equipos de fábrica 8,550 F
OtrosEnergía eléctrica consumida en fábrica 12,390 V
OtrosDepreciación de maquinaria de planta 4,060 F
Costo Total de producción 167,000 100%
Costo unitario de producción 167 (costo total/unid producidas)
Total costos y gastos del servicio ###
Costos y gastos unitarios del servicio 231.38
Margen utilidad 15.00%
Utilidad 34.71
Valor de venta 266.08

IGV 47.894625
PRECIO DE VENTA 313.98
ESTRUCTURA DE COSTOS - SERVICIOS
OBJETO DE COSTO: SERVICIO DE TRANSMISIÓN DE PROGRAMACIÓN
1er PASO: LISTAR PARTIDAS 2do PASO: CLASIFICAR
Item RUBROS DE COSTOS US.$. CS PE CD

1 Alquiler de señal 97,200.00 x x
2 Posteria (Alquiler) 68,130.00 x
3 Suministros/Rptos 4,770.00 x
4 Comisiones vendedores (R.Honorarios) 10,000.00 x
5 Personal Ing. y Técnico (costo integral) 35,090.33 x
6 Personal Adm (costo integral) 6,568.00 x
7 Personal Adm (R. Honorarios) 6,000.00 x
8 Mantenimiento(Mat+Contratista) 25,000.00 x
9 Combustible (grupos electrógenos) 5,508.00 x
10 Seguros equipos y tendido 3,495.00 x
11 Telecomunicaciones (Voz y datos) 2,517.00 x
12 Equipos de transmisión (costo) 87,000.00
13 Tendido de fibra optica (costo) 144,000.00
14 Caja Chica(reposición prom.x mes) 3,000.00 x
15 Otros gtos Adm (Alquiler Of,etc) 10,050.00 x
17 Depreciación-Equipos de transmisión 1,450.00 x
18 Depreciación-Tendido de fibra optica 1,200.00 x
Total - 510,978.33
Depreciac mensual: 5 1450 equipos

10 1200 tendido fibra optica
Alquiler de Señal (cabecera Lima)

Por
abonad
o
# Canales
10 Paquete HBO 2.10
14 Paquete FOX 2.20
8 Canales locales 1.10
32 5.40
CIS
CD
MD MOD MI MOI Otros CIS CV CF
x
x x
x
x
x x
x
x
x x
x x Obs
x x
x
x
x
x x
x x
3er PASO: REPORTE DE COSTOS Y GASTOS DEL SERVICIO
Nivel de actividad 18,000 abonados/mes

US.$.
Costos directos del servicio: Total
MOD Personal Profes y técnico F 35,090.33
CD Alquiler de señal V 97,200.00
Costos indirectos del servicio (CIS):
MI Suministros y repuestos V 4,770.00
Otros CISAlquiler de postería V 68,130.00
Otros CISMantenimiento(Mat+Contratista) F 25,000.00
Otros CISCombustible (grupos electrógenos) F 5,508.00
Otros CISSeguros equipos y tendido F 3,495.00
Otros CISDepreciación-Equipos de transmisión F 1,450.00
Otros CISDepreciación-Tendido de fibra optica F 1,200.00
COSTO TOTAL DEL SERVICIO 241,843.33
Gastos operativos:
Comisiones vendedores (R. Honor) V 10,000.00
Personal Adm (costo integral) F 6,568.00
Personal Adm (Recibo Honorar.) F 6,000.00
Telecomunicaciones (Voz y datos) F 2,517.00
Caja Chica(reposición prom.x mes) F 3,000.00
Otros gtos Adm (Alquiler Of,etc) F 10,050.00
38,134.99
Total costos y gastos del servicio 279,978.33
Margen utilidad
Utilidad
Valor de venta
IGV
PRECIO DE VEN
onados/mes
US.$. Estructura
Unitario % de costos
1.95 14.5%
5.40 40.2%
0.27 2.0%
3.79 28.2%
1.39 10.3%
0.31 2.3%
0.19 1.4%
0.08 0.6%
0.07 0.5%
13.44 100.0%
0.56
0.36
0.33
0.14
0.17
0.56
2.12
15.55 15.55
10.00%
1.56
17.11
3
20.19
Flujo de financiamiento para el Pr
Concepto 0 1 2 3
Préstamo 70,000.00
Saldo capital 57,001.49 41,380.16 22,596.89
Amortización (12,998.51) (15,621.33) (18,783.27)
Intereses (11,947.31) (9,324.49) (6,162.55)
Seguros (960.00) (960.00) (960.00)
Escudo Fiscal 3,524.46 2,750.73 1,817.95
Flujo de Financiamien 70,000.00 ### ### ###
Costo Prestamo (Kd) 16.82% =Tasa interés*(1-IR)
Cuota = Amortiz + Intere + Otros Gastos
PRESTAMO A: PRESTAMO EMPRESARIAL Amortiz = Cuota - Intere - Otros Gastos
Seguro de des: 50.00 mensuales
Capital 50,000.00
TEA 22.00% TEM 1.67%
Plazo (meses) 48.00
Cuota 1,572.87
N° Cuota Capital Interes Seguro Cuota

- - - - -
1.00 687.42 835.45 50.00 1,572.87
2.00 698.91 823.96 50.00 1,572.87
3.00 710.59 812.28 50.00 1,572.87
4.00 722.46 800.41 50.00 1,572.87
5.00 734.53 788.34 50.00 1,572.87
6.00 746.80 776.07 50.00 1,572.87
7.00 759.28 763.59 50.00 1,572.87
8.00 771.97 750.90 50.00 1,572.87
9.00 784.87 738.00 50.00 1,572.87
10.00 797.98 724.89 50.00 1,572.87
11.00 811.32 711.55 50.00 1,572.87
12.00 824.87 698.00 50.00 1,572.87
13.00 838.66 684.22 50.00 1,572.87
14.00 852.67 670.20 50.00 1,572.87
15.00 866.92 655.96 50.00 1,572.87
16.00 881.40 641.47 50.00 1,572.87
17.00 896.13 626.74 50.00 1,572.87
18.00 911.10 611.77 50.00 1,572.87
19.00 926.33 596.55 50.00 1,572.87
20.00 941.80 581.07 50.00 1,572.87
21.00 957.54 565.33 50.00 1,572.87
22.00 973.54 549.33 50.00 1,572.87
23.00 989.81 533.06 50.00 1,572.87
24.00 1,006.34 516.53 50.00 1,572.87
25.00 1,023.16 499.71 50.00 1,572.87
26.00 1,040.26 482.62 50.00 1,572.87
27.00 1,057.64 465.23 50.00 1,572.87
28.00 1,075.31 447.56 50.00 1,572.87
29.00 1,093.28 429.59 50.00 1,572.87
30.00 1,111.54 411.33 50.00 1,572.87
31.00 1,130.12 392.75 50.00 1,572.87
32.00 1,149.00 373.87 50.00 1,572.87
33.00 1,168.20 354.67 50.00 1,572.87
34.00 1,187.72 335.15 50.00 1,572.87
35.00 1,207.56 315.31 50.00 1,572.87
36.00 1,227.74 295.13 50.00 1,572.87
37.00 1,248.25 274.62 50.00 1,572.87
38.00 1,269.11 253.76 50.00 1,572.87
39.00 1,290.32 232.55 50.00 1,572.87
40.00 1,311.88 210.99 50.00 1,572.87
41.00 1,333.80 189.07 50.00 1,572.87
42.00 1,356.08 166.79 50.00 1,572.87
43.00 1,378.74 144.13 50.00 1,572.87
44.00 1,401.78 121.09 50.00 1,572.87
45.00 1,425.20 97.67 50.00 1,572.87
46.00 1,449.02 73.86 50.00 1,572.87
47.00 1,473.23 49.64 50.00 1,572.87
48.00 1,497.84 25.03 50.00 1,572.87
49.00 1,522.87 0.00 50.00 1,572.87
50.00 1,548.32 (25.45) 50.00 1,572.87
51.00 1,574.19 (51.32) 50.00 1,572.87
52.00 1,600.49 (77.62) 50.00 1,572.87
53.00 1,627.23 (104.36) 50.00 1,572.87
54.00 1,654.42 (131.55) 50.00 1,572.87
55.00 1,682.07 (159.19) 50.00 1,572.87
56.00 1,710.17 (187.30) 50.00 1,572.87
57.00 1,738.75 (215.88) 50.00 1,572.87
58.00 1,767.80 (244.93) 50.00 1,572.87
59.00 1,797.34 (274.47) 50.00 1,572.87
60.00 1,827.37 (304.50) 50.00 1,572.87
e financiamiento para el Proyecto
4 5
6,161.64 ###
(16,435.25) (20,051.01) 83,889.37
(1,839.20) 1,776.56 27,496.99
(600.00) (600.00)
542.56 (524.08)
### ###
z + Intere + Otros Gastos

a - Intere - Otros Gastos PRÉSTAMO B: PRÉSTAMO PERSONAL
Seg desgra 30.00
Capital ###
TEA 16.00% TEM 1.24%
Plazo 48.00
Cuota 585.95
Saldo Capital N° Cuota Amort Interes Seguro Cuota

50,000.00 - - - - -
49,312.58 1.00 307.04 248.90 30.00 585.95
48,613.67 2.00 310.87 245.08 30.00 585.95
47,903.08 3.00 314.73 241.21 30.00 585.95
47,180.62 4.00 318.65 237.30 30.00 585.95
46,446.09 5.00 322.62 233.33 30.00 585.95
45,699.29 6.00 326.63 229.32 30.00 585.95
44,940.00 7.00 330.70 225.25 30.00 585.95
44,168.03 8.00 334.81 221.13 30.00 585.95
43,383.17 9.00 338.98 216.97 30.00 585.95
42,585.18 10.00 343.20 212.75 30.00 585.95
41,773.87 11.00 347.47 208.48 30.00 585.95
40,948.99 12.00 351.79 204.15 30.00 585.95
40,110.34 13.00 356.17 199.78 30.00 585.95
39,257.67 14.00 360.60 195.34 30.00 585.95
38,390.76 15.00 365.09 190.86 30.00 585.95
37,509.35 16.00 369.64 186.31 30.00 585.95
36,613.23 17.00 374.24 181.71 30.00 585.95
35,702.12 18.00 378.89 177.05 30.00 585.95
34,775.80 19.00 383.61 172.34 30.00 585.95
33,834.00 20.00 388.38 167.56 30.00 585.95
32,876.46 21.00 393.22 162.73 30.00 585.95
31,902.92 22.00 398.11 157.84 30.00 585.95
30,913.11 23.00 403.06 152.88 30.00 585.95
29,906.77 24.00 408.08 147.87 30.00 585.95
28,883.61 25.00 413.16 142.79 30.00 585.95
27,843.35 26.00 418.30 137.65 30.00 585.95
26,785.72 27.00 423.51 132.44 30.00 585.95
25,710.41 28.00 428.78 127.17 30.00 585.95
24,617.13 29.00 434.11 121.83 30.00 585.95
23,505.59 30.00 439.52 116.43 30.00 585.95
22,375.47 31.00 444.99 110.96 30.00 585.95
21,226.47 32.00 450.52 105.42 30.00 585.95
20,058.27 33.00 456.13 99.82 30.00 585.95
18,870.55 34.00 461.81 94.14 30.00 585.95
17,662.99 35.00 467.56 88.39 30.00 585.95
16,435.25 36.00 473.37 82.57 30.00 585.95
15,187.00
13,917.88
12,627.57
11,315.69
9,981.89
8,625.81
7,247.07
5,845.29
4,420.09
2,971.07
1,497.84
0.00
(1,522.87)
(3,071.19)
(4,645.37)
(6,245.86)
(7,873.10)
(9,527.52)
(11,209.58)
(12,919.75)
(14,658.50)
(16,426.30)
(18,223.64)
(20,051.01)
Saldo Capital
20,000.00
19,692.96
19,382.09
19,067.35
18,748.70
18,426.08
18,099.45
17,768.75
17,433.94
17,094.96
16,751.76
16,404.29
16,052.50
15,696.33
15,335.72
14,970.63
14,600.99
14,226.76
13,847.86
13,464.25
13,075.87
12,682.65
12,284.54
11,881.48
11,473.40
11,060.24
10,641.94
10,218.43
9,789.65
9,355.54
8,916.02
8,471.03
8,020.51
7,564.38
7,102.57
6,635.01
6,161.64
Escenario 05 Añ
Consideraciones del Flujo:
Días trabajo Operativos x mes 30
Días trabajo Operativos x año 360
- % de IGV 18.00%
- % de Impuesto a la Renta 29.50%
Tasa de descuento (rentabilidad exigida) 15.00%
Proyecto: "Empresa produ

Estado de Resultados de "Empres
Rubro Año 0 Año 1
Ingresos - ###
- Producto desarrollado - 3,192,975
Contado 3,192,975
- Valor de Recupero
Costo de Ventas - ###

Costos Variables - ###
Carcasa de acero inoxidable (463,800)
Alambre de cobre (311,400)
Soldaduras y Oxigeno (99,600)
Operarios de ensamblado (176,400)
Barniz aislante (33,600)
Energía eléctrica consumida en fábrica (148,680)
Costos Fijos - (770,520)
Operarios soldadores (283,200)
Gerente de producción (204,000)
Jefe de aseguramiento de calidad (132,000)
Alquiler de equipos de fábrica (102,600)
Depreciación de maquinaria de planta (48,720)
Utilidad Bruta 1,188,975
Gastos Administrativos (332,100)

Remuneración de personal Adm-Contable (279,420)
Depreciación equipos de oficina adm. (52,680)
Gastos de Venta (440,400)
Utilidad Operativa - 416,475

Gastos Financieros (11,947)
Utilidad Antes de impuestos - 404,528
Imp. Rta. 29.5% (119,336)

Utilidad Neta 285,192
FLUJO DE OPERAC
Ítem Año 0 Año 1
Ingresos - ###
Contado 3,767,711
Costos - ###
Utilidad Bruta - 1,603,688
Gastos Operativos (279,420)
Gastos Adminitrativos (519,672)
Imp. Rta. 29.5% (sin deuda) - (122,860)
IGV. Por pagar - (164,687)
Flujo de operación 0.00 ###
FLUJO DE INVERSI
Inversión (800,000)
Capital de trabajo (110,000)
Flujo de inversión ### 0.00
FLUJO DE CAJA ECONÓMICO

Flujo de Caja Económico ### ###
FLUJO DE FINANCIAM
Ingresos por préstamo de Financiamiento Unidades 70,000
Servicio de deuda (25,906)
Escudo Tributario 3,524
Flujo de Financiamiento 70,000.00 ###
FLUJO DE CAJA FINANCIERO
Flujo de Caja Financiero ### ###
(119,336)
Calculo de IGV
IGV. Ventas - 574,736
IGV. Compras (122,034) (288,014)
Diferencia en IGV (122,034) 286,721
Escudo (122,034) -
IGV. Por pagar - 164,687
Impuesto a la Renta a Pagar

Imp. renta 29.5% sin DEUDA - 122,860
Imp. renta 29.5% con DEUDA 119,336
Escudo (por diferencia) - (3,524)
Escudo (fórmula) - (3,524)
Escenario 05 Años
Resultados
Márgenes Rentabilidad
M. Bruto 41.9% VANE 647,083 VANF
M. Operativo 19.5% TIRE 54.04% TIRF
M. A. Imp. 19.3%
M. Neto 13.6%
o: "Empresa productora XYZ"

ultados de "Empresa productora XYZ"
Año 2 Año 3 Año 4 Año 5
100.0% 3,326,016 100.0% ### 100.0% 3,592,097 100.0% ###

100.0% 3,326,016 100.0% 3,459,056 100.0% 3,592,097 100.0% 3,725,138
100.0% 3,326,016 100.0% 3,459,056 100.0% 3,592,097 100.0% 3,725,138
62.8% ### 60.3% ### 57.9% (2,004,000) 55.8% ###

38.6% (1,233,480) 37.1% ### 35.7% (1,233,480) 35.7% ###
14.5% (463,800) 13.9% (463,800) 13.4% (463,800) 12.9% (463,800)
9.8% (311,400) 9.4% (311,400) 9.0% (311,400) 8.7% (311,400)
3.1% (99,600) 3.0% (99,600) 2.9% (99,600) 2.8% (99,600)
5.5% (176,400) 5.3% (176,400) 5.1% (176,400) 4.9% (176,400)
1.1% (33,600) 1.0% (33,600) 1.0% (33,600) 0.9% (33,600)
4.7% (148,680) 4.5% (148,680) 4.3% (148,680) 4.1% (148,680)
24.1% (770,520) 23.2% (770,520) 22.3% (770,520) 21.5% (770,520)
8.9% (283,200) 8.5% (283,200) 8.2% (283,200) 7.9% (283,200)
6.4% (204,000) 6.1% (204,000) 5.9% (204,000) 5.7% (204,000)
4.1% (132,000) 4.0% (132,000) 3.8% (132,000) 3.7% (132,000)
3.2% (102,600) 3.1% (102,600) 3.0% (102,600) 2.9% (102,600)
1.5% (48,720) 1.5% (48,720) 1.4% (48,720) 1.4% (48,720)
0
37.24% 1,322,016 39.75% 1,455,056 42.07% 1,588,097 44.21% 1,721,138
10.4% (332,100) 10.0% (332,100) 9.6% (332,100) 9.2% (332,100)

8.8% (279,420) 8.4% (279,420) 8.1% (279,420) 7.8% (279,420)
1.6% (52,680) 1.6% (52,680) 1.5% (52,680) 1.5% (52,680)
13.8% (440,400) 13.2% (440,400) 12.7% (440,400) 12.3% (440,400)
13.04% 549,516 16.52% 682,556 19.73% 815,597 22.71% 948,638

0.4% (9,324) 0.3% (6,163) 0.2% (1,839) 0.1% 1,777
12.67% 540,191 16.24% 676,394 19.55% 813,758 22.65% 950,414
3.7% (159,356) 4.8% (199,536) 5.8% (240,059) 6.7% (280,372)

8.93% 380,835 11.45% 476,858 13.79% 573,699 15.97% 670,042
FLUJO DE OPERACIÓN
3,924,698 ### 4,238,674 ###
3,924,698 4,081,686 4,238,674 4,395,662
3,924,698 4,081,686 4,238,674 4,395,662
### ### (2,164,022) ###

(1,423,754) ### (1,423,754) ###
(547,284) (547,284) (547,284) (547,284)
(367,452) (367,452) (367,452) (367,452)
(117,528) (117,528) (117,528) (117,528)
(176,400) (176,400) (176,400) (176,400)
(39,648) (39,648) (39,648) (39,648)
(175,442) (175,442) (175,442) (175,442)
(740,268) (740,268) (740,268) (740,268)
(283,200) (283,200) (283,200) (283,200)
(204,000) (204,000) (204,000) (204,000)
(132,000) (132,000) (132,000) (132,000)
(121,068) (121,068) (121,068) (121,068)
1,760,676 1,917,664 2,074,652 2,231,640
(279,420) (279,420) (279,420) (279,420)
(519,672) (519,672) (519,672) (519,672)
961,584 1,118,572 1,275,560 1,432,548
(162,107) (201,354) (240,601) (279,848)
(310,668) (334,616) (358,563) (382,510)
### ### 676,395.80 ###
FLUJO DE INVERSIÓN
0.00 0.00 0.00 0.00
CAJA ECONÓMICO - PROYECTADO

### ### 676,395.80 ###
UJO DE FINANCIAMIENTO
(25,906) (25,906) (18,874) (18,874)

2,751 1,818 543 (524)
-23,155.10 ### -18,331.88 ###
CAJA FINANCIERO - PROYECTADO
### ### 658,063.91 ###
598,683 622,630 646,577 670,525

(288,014) (288,014) (288,014) (288,014)
310,668 334,616 358,563 382,510
310,668 334,616 358,563 382,510
310,668 334,616 358,563 382,510
162,107 201,354 240,601 279,848

159,356 199,536 240,059 280,372
(2,751) (1,818) (543) 524
(2,751) (1,818) (543) 524
655,274
56.63%
100.0%
100.0%
100.0%
53.8%
35.7%
12.5%
8.4%
2.7%
4.7%
0.9%
4.0%
20.7%
7.6%
5.5%
3.5%
2.8%
1.3%
46.20%
8.9%
7.5%
1.4%
11.8%
25.47%
0.0%
25.51%
7.5%
17.99%
Presupuestos de ingresos Nivel de Inflación
PRESUPU
18.00% Enero Febrero Marzo Abril
Unidades 1,000.00 1,000.00 1,000.00 1,000.00
Valor de venta unitario 266.08 266.08 266.08 266.08
Valor de venta 266,081.25 266,081.25 266,081.25 266,081.25
IGV 47,894.63 47,894.63 47,894.63 47,894.63
Precio de venta 313,975.88 313,975.88 313,975.88 313,975.88
PRESUPU
Unidades 1,041.67 1,041.67 1,041.67 1,041.67
Valor de venta 277,167.97 277,167.97 277,167.97 277,167.97
IGV 49,890.23 49,890.23 49,890.23 49,890.23
Precio de venta 327,058.20 327,058.20 327,058.20 327,058.20
PRESUPU
Unidades 1,083.33 1,083.33 1,083.33 1,083.33
Valor de venta 288,254.69 288,254.69 288,254.69 288,254.69
IGV 51,885.84 51,885.84 51,885.84 51,885.84
Precio de venta 340,140.53 340,140.53 340,140.53 340,140.53
PRESUPU
Unidades 1,125.00 1,125.00 1,125.00 1,125.00
Valor de venta 299,341.41 299,341.41 299,341.41 299,341.41
IGV 53,881.45 53,881.45 53,881.45 53,881.45
Precio de venta 353,222.86 353,222.86 353,222.86 353,222.86
PRESUPU
Unidades 1,166.67 1,166.67 1,166.67 1,166.67
Valor de venta 310,428.13 310,428.13 310,428.13 310,428.13
IGV 55,877.06 55,877.06 55,877.06 55,877.06
Precio de venta 366,305.19 366,305.19 366,305.19 366,305.19
CUADRO RESUMEN
Año1 Año2 Año3 Año4

Producto Industrial con IGV ### ### ### 4,238,674.31
Año1 Año2 Año3 Año4

IGV 574,735.50 598,682.81 622,630.13 646,577.44
MONTO SIN IGV 3,192,975.00

2024 2025 2026 2027 2028
PRESUPUESTO DE INGRESOS AÑO 1

Mayo Junio Julio Agosto Set Octubre
1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
266.08 266.08 266.08 266.08 266.08 266.08
266,081.25 266,081.25 266,081.25 266,081.25 266,081.25 266,081.25
47,894.63 47,894.63 47,894.63 47,894.63 47,894.63 47,894.63
313,975.88 313,975.88 313,975.88 313,975.88 313,975.88 313,975.88

1,041.67 1,041.67 1,041.67 1,041.67 1,041.67 1,041.67
266.08 266.08 266.08 266.08 266.08 266.08
277,167.97 277,167.97 277,167.97 277,167.97 277,167.97 277,167.97
49,890.23 49,890.23 49,890.23 49,890.23 49,890.23 49,890.23
327,058.20 327,058.20 327,058.20 327,058.20 327,058.20 327,058.20

1,083.33 1,083.33 1,083.33 1,083.33 1,083.33 1,083.33
266.08 266.08 266.08 266.08 266.08 266.08
288,254.69 288,254.69 288,254.69 288,254.69 288,254.69 288,254.69
51,885.84 51,885.84 51,885.84 51,885.84 51,885.84 51,885.84
340,140.53 340,140.53 340,140.53 340,140.53 340,140.53 340,140.53

1,125.00 1,125.00 1,125.00 1,125.00 1,125.00 1,125.00
266.08 266.08 266.08 266.08 266.08 266.08
299,341.41 299,341.41 299,341.41 299,341.41 299,341.41 299,341.41
53,881.45 53,881.45 53,881.45 53,881.45 53,881.45 53,881.45
353,222.86 353,222.86 353,222.86 353,222.86 353,222.86 353,222.86

1,166.67 1,166.67 1,166.67 1,166.67 1,166.67 1,166.67
266.08 266.08 266.08 266.08 266.08 266.08
310,428.13 310,428.13 310,428.13 310,428.13 310,428.13 310,428.13
55,877.06 55,877.06 55,877.06 55,877.06 55,877.06 55,877.06
366,305.19 366,305.19 366,305.19 366,305.19 366,305.19 366,305.19
Año5
###
Año5
670,524.75
2024 2025
12,000.00 12,500.00
Nov Dici Año 1

1,000.00 1,000.00 12,000.00 Depende de tu proyección de demanada
266.08 266.08 266.08
266,081.25 266,081.25 3,192,975.00
47,894.63 47,894.63 574,735.50
313,975.88 313,975.88 3,767,710.50
Nov Dici Año 2

1,041.67 1,041.67 12,500.00
266.08 266.08 266.08
277,167.97 277,167.97 3,326,015.63
49,890.23 49,890.23 598,682.81
327,058.20 327,058.20 3,924,698.44
Nov Dici Año 3

1,083.33 1,083.33 13,000.00
266.08 266.08 266.08
288,254.69 288,254.69 3,459,056.25
51,885.84 51,885.84 622,630.13
340,140.53 340,140.53 4,081,686.38
Nov Dici Año 4

1,125.00 1,125.00 13,500.00
266.08 266.08 266.08
299,341.41 299,341.41 3,592,096.88
53,881.45 53,881.45 646,577.44
353,222.86 353,222.86 4,238,674.31
Nov Dici Año 5

1,166.67 1,166.67 14,000.00
266.08 266.08 266.08
310,428.13 310,428.13 3,725,137.50
55,877.06 55,877.06 670,524.75
366,305.19 366,305.19 4,395,662.25
2026 2027 2028
13,000.00 13,500.00 14,000.00
PRES
18.00% Enero Febrero Marzo
V Carcasa de acero inoxidable 38,650.00 38,650.00 38,650.00
V Alambre de cobre 25,950.00 25,950.00 25,950.00
V Soldaduras y Oxigeno 8,300.00 8,300.00 8,300.00
COSTOS MPD TOTALES 72,900.00 72,900.00 72,900.00
PRES
F Operarios soldadores 23,600.00 23,600.00 23,600.00
V Operarios de ensamblado 14,700.00 14,700.00 14,700.00
COSTOS MOD TOTALES 38,300.00 38,300.00 38,300.00
PRE
V Barniz aislante 2,800.00 2,800.00 2,800.00
F Gerente de producción 17,000.00 17,000.00 17,000.00
F Jefe de aseguramiento de calidad 11,000.00 11,000.00 11,000.00
F Alquiler de equipos de fábrica 8,550.00 8,550.00 8,550.00
V Energía eléctrica consumida en fábr 12,390.00 12,390.00 12,390.00
F Depreciación de maquinaria de plan 4,060.00 4,060.00 4,060.00
COSTOS CIF TOTALES 55,800.00 55,800.00 55,800.00
PRE
Carcasa de acero inoxidable 38,650.00 38,650.00 38,650.00
Alambre de cobre 25,950.00 25,950.00 25,950.00
Soldaduras y Oxigeno 8,300.00 8,300.00 8,300.00
Operarios de ensamblado 14,700.00 14,700.00 14,700.00
Barniz aislante 2,800.00 2,800.00 2,800.00
Energía eléctrica consumida en fábr 12,390.00 12,390.00 12,390.00
COSTOS VARIABLES TOTALES 102,790.00 102,790.00 102,790.00
PRE
Operarios soldadores 23,600.00 23,600.00 23,600.00
Gerente de producción 17,000.00 17,000.00 17,000.00
Jefe de aseguramiento de calidad 11,000.00 11,000.00 11,000.00
Alquiler de equipos de fábrica 8,550.00 8,550.00 8,550.00
Depreciación de maquinaria de plan 4,060.00 4,060.00 4,060.00
COSTOS FIJOS TOTALES 64,210.00 64,210.00 64,210.00
Año 1 Año 2 Año 3

Carcasa de acero inoxidable 463,800.00 463,800.00 463,800.00
Alambre de cobre 311,400.00 311,400.00 311,400.00
Soldaduras y Oxigeno 99,600.00 99,600.00 99,600.00
Operarios de ensamblado 176,400.00 176,400.00 176,400.00
Barniz aislante 33,600.00 33,600.00 33,600.00
Energía eléctrica consumida en fábr 148,680.00 148,680.00 148,680.00
COSTOS VARIABLES TOTALES ### ### ###
Operarios soldadores 283,200.00 283,200.00 283,200.00

Gerente de producción 204,000.00 204,000.00 204,000.00
Jefe de aseguramiento de calidad 132,000.00 132,000.00 132,000.00
Alquiler de equipos de fábrica 102,600.00 102,600.00 102,600.00
Depreciación de maquinaria de plan 48,720.00 48,720.00 48,720.00
COSTOS FIJOS TOTALES 770,520.00 770,520.00 770,520.00
PRESUPUESTO D
Remuneración de personal Adm-Con 23,285.00 23,285.00 23,285.00
Depreciación equipos de oficina ad 4,390.00 4,390.00 4,390.00
GASTOS ADMINISTRATIVOS TOTALES 27,675.00 27,675.00 27,675.00
PRESUPUES
Gasto de publicidad- propaganda 36,700.00 36,700.00 36,700.00
GASTOS DE VENTA TOTALES 36,700.00 36,700.00 36,700.00

Remuneración de personal Adm-Con 279,420.00 279,420.00 279,420.00
Depreciación equipos de oficina ad 52,680.00 52,680.00 52,680.00
GASTOS ADMINISTRATIVOS TOTALES 332,100.00 332,100.00 332,100.00

Gasto de publicidad- propaganda 440,400.00 440,400.00 440,400.00
GASTOS DE VENTA TOTALES 440,400.00 440,400.00 440,400.00
PRESUPUESTO DE MPD AÑO 1
Abril Mayo Junio Julio Agosto Set
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00
PRESUPUESTO DE MOD AÑO 1

23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00
PRESUPUESTO DE CIF AÑO 1

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00
PRESUPUESTO DE CV AÑO 1
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
102,790.00 102,790.00 ### ### ### ###
PRESUPUESTO DE CF AÑO 1
23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00
Año 4 Año 5
463,800.00 463,800.00
311,400.00 311,400.00
99,600.00 99,600.00
176,400.00 176,400.00
33,600.00 33,600.00
148,680.00 148,680.00
### ###
283,200.00 283,200.00
204,000.00 204,000.00
132,000.00 132,000.00
102,600.00 102,600.00
48,720.00 48,720.00
770,520.00 770,520.00
PRESUPUESTO DE GASTOS ADMINISTRATIVOS AÑO 1

23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00
4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00
27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00
PRESUPUESTO DE GASTOS DE VENTA AÑO 1

36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
Año 4 Año 5
279,420.00 279,420.00
52,680.00 52,680.00
332,100.00 332,100.00
Año 4 Año 5
440,400.00 440,400.00
440,400.00 440,400.00
Octubre Nov Dici Año 1
38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 99,600.00
72,900.00 72,900.00 72,900.00 874,800.00

23,600.00 23,600.00 23,600.00 283,200.00
14,700.00 14,700.00 14,700.00 176,400.00
38,300.00 38,300.00 38,300.00 459,600.00

2,800.00 2,800.00 2,800.00 33,600.00
17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 102,600.00
12,390.00 12,390.00 12,390.00 148,680.00
4,060.00 4,060.00 4,060.00 48,720.00
55,800.00 55,800.00 55,800.00 669,600.00

38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 99,600.00
14,700.00 14,700.00 14,700.00 176,400.00
2,800.00 2,800.00 2,800.00 33,600.00
12,390.00 12,390.00 12,390.00 148,680.00
### ### ### ###

23,600.00 23,600.00 23,600.00 283,200.00
17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 102,600.00
4,060.00 4,060.00 4,060.00 48,720.00
64,210.00 64,210.00 64,210.00 770,520.00

23,285.00 23,285.00 23,285.00 279,420.00
4,390.00 4,390.00 4,390.00 52,680.00
27,675.00 27,675.00 27,675.00 332,100.00

36,700.00 36,700.00 36,700.00 440,400.00
36,700.00 36,700.00 36,700.00 440,400.00
PRESUPUES
Carcasa de acero inoxidable 38,650.00 38,650.00 38,650.00 38,650.00
Alambre de cobre 25,950.00 25,950.00 25,950.00 25,950.00
Soldaduras y Oxigeno 8,300.00 8,300.00 8,300.00 8,300.00
COSTOS MPD TOTALES 72,900.00 72,900.00 72,900.00 72,900.00
PRESUPUES
Operarios soldadores 23,600.00 23,600.00 23,600.00 23,600.00
Operarios de ensamblado 14,700.00 14,700.00 14,700.00 14,700.00
COSTOS MOD TOTALES 38,300.00 38,300.00 38,300.00 38,300.00
PRESUPUE
Barniz aislante 2,800.00 2,800.00 2,800.00 2,800.00
Gerente de producción 17,000.00 17,000.00 17,000.00 17,000.00
Jefe de aseguramiento de calidad 11,000.00 11,000.00 11,000.00 11,000.00
Alquiler de equipos de fábrica 8,550.00 8,550.00 8,550.00 8,550.00
Energía eléctrica consumida en fábr 12,390.00 12,390.00 12,390.00 12,390.00
Depreciación de maquinaria de plan 4,060.00 4,060.00 4,060.00 4,060.00
COSTOS CIF TOTALES 55,800.00 55,800.00 55,800.00 55,800.00
PRESUPUE
Alambre de cobre 25,950.00 25,950.00 25,950.00 25,950.00
Barniz aislante 2,800.00 2,800.00 2,800.00 2,800.00
COSTOS VARIABLES TOTALES ### ### ### ###
PRESUPUE
COSTOS FIJOS TOTALES 64,210.00 64,210.00 64,210.00 64,210.00
PRESUPUESTO DE GAS
Remuneración de personal Adm-Con 23,285.00 23,285.00 23,285.00 23,285.00
Depreciación equipos de oficina ad 4,390.00 4,390.00 4,390.00 4,390.00
GASTOS ADMINISTRATIVOS TOTALES 27,675.00 27,675.00 27,675.00 27,675.00
PRESUPUESTO DE
Gasto de publicidad- propaganda 36,700.00 36,700.00 36,700.00 36,700.00
GASTOS DE VENTA TOTALES 36,700.00 36,700.00 36,700.00 36,700.00
Mayo Junio Julio Agosto Set Octubre Nov
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00

23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
### ### ### ### ### ### ###
23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00
ESUPUESTO DE GASTOS ADMINISTRATIVOS AÑO 2

23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00
4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00
27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00

36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
Dici Año 2 18.00% Enero
38,650.00 463,800.00 Carcasa de acero inoxidable 38,650.00
25,950.00 311,400.00 Alambre de cobre 25,950.00
8,300.00 99,600.00 Soldaduras y Oxigeno 8,300.00
72,900.00 874,800.00 Precio de venta 72,900.00

23,600.00 283,200.00 Operarios soldadores 23,600.00
14,700.00 176,400.00 Operarios de ensamblado 14,700.00
38,300.00 459,600.00 Precio de venta 38,300.00

2,800.00 33,600.00 Barniz aislante 2,800.00
17,000.00 204,000.00 Gerente de producción 17,000.00
11,000.00 132,000.00 Jefe de aseguramiento de calidad 11,000.00
8,550.00 102,600.00 Alquiler de equipos de fábrica 8,550.00
12,390.00 148,680.00 Energía eléctrica consumida en fábr 12,390.00
4,060.00 48,720.00 Depreciación de maquinaria de plan 4,060.00
55,800.00 669,600.00 COSTOS CIF TOTALES 55,800.00

25,950.00 311,400.00 Alambre de cobre 25,950.00
2,800.00 33,600.00 Barniz aislante 2,800.00
### ### COSTOS VARIABLES TOTALES ###

64,210.00 770,520.00 COSTOS FIJOS TOTALES 64,210.00

23,285.00 279,420.00 Remuneración de personal Adm-Con 23,285.00
4,390.00 52,680.00 Depreciación equipos de oficina ad 4,390.00
27,675.00 332,100.00 GASTOS ADMINISTRATIVOS TOTALES 27,675.00

36,700.00 440,400.00 Gasto de publicidad- propaganda 36,700.00
36,700.00 440,400.00 GASTOS DE VENTA TOTALES 36,700.00
Febrero Marzo Abril Mayo Junio Julio Agosto
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00

23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
### ### ### ### ### ### ###
23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00

23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00
4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00
27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00

36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
Set Octubre Nov Dici Año 3
38,650.00 38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 8,300.00 99,600.00
72,900.00 72,900.00 72,900.00 72,900.00 874,800.00

23,600.00 23,600.00 23,600.00 23,600.00 283,200.00
14,700.00 14,700.00 14,700.00 14,700.00 176,400.00
38,300.00 38,300.00 38,300.00 38,300.00 459,600.00

2,800.00 2,800.00 2,800.00 2,800.00 33,600.00
17,000.00 17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 8,550.00 102,600.00
12,390.00 12,390.00 12,390.00 12,390.00 148,680.00
4,060.00 4,060.00 4,060.00 4,060.00 48,720.00
55,800.00 55,800.00 55,800.00 55,800.00 669,600.00

38,650.00 38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 8,300.00 99,600.00
14,700.00 14,700.00 14,700.00 14,700.00 176,400.00
2,800.00 2,800.00 2,800.00 2,800.00 33,600.00
12,390.00 12,390.00 12,390.00 12,390.00 148,680.00
### ### ### ### ###

23,600.00 23,600.00 23,600.00 23,600.00 283,200.00
17,000.00 17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 8,550.00 102,600.00
4,060.00 4,060.00 4,060.00 4,060.00 48,720.00
64,210.00 64,210.00 64,210.00 64,210.00 770,520.00

23,285.00 23,285.00 23,285.00 23,285.00 279,420.00
4,390.00 4,390.00 4,390.00 4,390.00 52,680.00
27,675.00 27,675.00 27,675.00 27,675.00 332,100.00

36,700.00 36,700.00 36,700.00 36,700.00 440,400.00
36,700.00 36,700.00 36,700.00 36,700.00 440,400.00
PRESUPUES
Alambre de cobre 25,950.00 25,950.00 25,950.00 25,950.00
Precio de venta 72,900.00 72,900.00 72,900.00 72,900.00
PRESUPUES
Precio de venta 38,300.00 38,300.00 38,300.00 38,300.00
PRESUPUE
Barniz aislante 2,800.00 2,800.00 2,800.00 2,800.00
COSTOS CIF TOTALES 55,800.00 55,800.00 55,800.00 55,800.00
PRESUPUE
Alambre de cobre 25,950.00 25,950.00 25,950.00 25,950.00
Barniz aislante 2,800.00 2,800.00 2,800.00 2,800.00
COSTOS VARIABLES TOTALES ### ### ### ###
PRESUPUE
COSTOS FIJOS TOTALES 64,210.00 64,210.00 64,210.00 64,210.00
PRESUPUESTO DE GAS
Remuneración de personal Adm-Con 23,285.00 23,285.00 23,285.00 23,285.00
Depreciación equipos de oficina ad 4,390.00 4,390.00 4,390.00 4,390.00
GASTOS ADMINISTRATIVOS TOTALES 27,675.00 27,675.00 27,675.00 27,675.00
PRESUPUESTO DE
Gasto de publicidad- propaganda 36,700.00 36,700.00 36,700.00 36,700.00
GASTOS DE VENTA TOTALES 36,700.00 36,700.00 36,700.00 36,700.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00

23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
### ### ### ### ### ### ###
23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00
ESUPUESTO DE GASTOS ADMINISTRATIVOS AÑO 4

23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00
4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00
27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00

36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
25,950.00 311,400.00 Alambre de cobre 25,950.00
72,900.00 874,800.00 Precio de venta 72,900.00

38,300.00 459,600.00 Precio de venta 38,300.00

2,800.00 33,600.00 Barniz aislante 2,800.00
55,800.00 669,600.00 COSTOS CIF TOTALES 55,800.00

25,950.00 311,400.00 Alambre de cobre 25,950.00
2,800.00 33,600.00 Barniz aislante 2,800.00
### ### COSTOS VARIABLES TOTALES ###

64,210.00 770,520.00 COSTOS FIJOS TOTALES 64,210.00

23,285.00 279,420.00 Remuneración de personal Adm-Con 23,285.00
4,390.00 52,680.00 Depreciación equipos de oficina ad 4,390.00
27,675.00 332,100.00 GASTOS ADMINISTRATIVOS TOTALES 27,675.00

36,700.00 440,400.00 Gasto de publicidad- propaganda 36,700.00
36,700.00 440,400.00 GASTOS DE VENTA TOTALES 36,700.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00 72,900.00

23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00 38,300.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00 55,800.00
38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00 38,650.00
25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00 25,950.00
8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00 8,300.00
14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00 14,700.00
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00 12,390.00
### ### ### ### ### ### ###
23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00 23,600.00
17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00 8,550.00
4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00 4,060.00
64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00 64,210.00

23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00 23,285.00
4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00 4,390.00
27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00 27,675.00

36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00 36,700.00
38,650.00 38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 8,300.00 99,600.00
72,900.00 72,900.00 72,900.00 72,900.00 874,800.00

23,600.00 23,600.00 23,600.00 23,600.00 283,200.00
14,700.00 14,700.00 14,700.00 14,700.00 176,400.00
38,300.00 38,300.00 38,300.00 38,300.00 459,600.00

2,800.00 2,800.00 2,800.00 2,800.00 33,600.00
17,000.00 17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 8,550.00 102,600.00
12,390.00 12,390.00 12,390.00 12,390.00 148,680.00
4,060.00 4,060.00 4,060.00 4,060.00 48,720.00
55,800.00 55,800.00 55,800.00 55,800.00 669,600.00

38,650.00 38,650.00 38,650.00 38,650.00 463,800.00
25,950.00 25,950.00 25,950.00 25,950.00 311,400.00
8,300.00 8,300.00 8,300.00 8,300.00 99,600.00
14,700.00 14,700.00 14,700.00 14,700.00 176,400.00
2,800.00 2,800.00 2,800.00 2,800.00 33,600.00
12,390.00 12,390.00 12,390.00 12,390.00 148,680.00
### ### ### ### ###

23,600.00 23,600.00 23,600.00 23,600.00 283,200.00
17,000.00 17,000.00 17,000.00 17,000.00 204,000.00
11,000.00 11,000.00 11,000.00 11,000.00 132,000.00
8,550.00 8,550.00 8,550.00 8,550.00 102,600.00
4,060.00 4,060.00 4,060.00 4,060.00 48,720.00
64,210.00 64,210.00 64,210.00 64,210.00 770,520.00

23,285.00 23,285.00 23,285.00 23,285.00 279,420.00
4,390.00 4,390.00 4,390.00 4,390.00 52,680.00
27,675.00 27,675.00 27,675.00 27,675.00 332,100.00

36,700.00 36,700.00 36,700.00 36,700.00 440,400.00
36,700.00 36,700.00 36,700.00 36,700.00 440,400.00
Deuda 70,000.00 57,001.49 41,380.16 22,596.89
Patrimonio 840,000.00 1,125,192.02 1,506,026.77 1,982,884.33
TOTAL ### ### ### ###

%Deuda 7.69% 4.82% 2.67% 1.13%
%Patrimoni 92.31% 95.18% 97.33% 98.87%
TOTAL 100.00% 100.00% 100.00% 100.00%

Costo de la deuda (Kd) 16.82% 16.82% 16.82%

Costo del capital (Cok) 25.00% 25.00% 25.00%

prom. ponderado capital (WACC) 24.61% 24.78% 24.91%
Año 4 Año 5
6,161.64 - 13,889.37
2,556,583.49 3,226,625.40
### ###
Año 4 Año 5
0.24% -0.43%
99.76% 100.43%
100.00% 100.00%
Año 4 Año 5
16.82% 16.82%
Año 4 Año 5
25.00% 25.00%
Año 4 Año 5
24.98% 25.04%
FLUJO DE CAJA E
Flujo de Caja Económico ###
Tasa evaluación: WACC
Valor Presente
Valor Presente Acumulado
Valor Presente Acumulado 1,557,082.92

Inversión propia - 910,000.00
Valor Actual Neto (VANE) ### >0
Tasa Interna de Retorno (TI 54.04% >WACC
Ratio Beneficio/Costo (B/C) 1.71 >1
FLUJO DE CAJA F
Flujo de Caja Financiero ###
Tasa evaluación: Cok
Valor Presente
Valor Presente Acumulado
Valor Presente Acumulado 1,495,273.58
Valor Actual Neto (VANF) ### >0
Tasa Interna de Retorno (TI 56.63% >Cok

FLUJO DE CAJA ECONÓMICO - PROYECTADO
1.00 2.00 3.00
517,048.77 ### ###
24.61% 24.78% 24.91%
414,949 313,936 298,953
414,949 728,884 1,027,838
Payback (Periodo de Recuperación):
3.00 1,027,838 Por interpolación

x 910,000.00
4.00 1,305,064 Xa = 2.57
Xm = 6.90
Xd = 26.98
FLUJO DE CAJA FINANCIERO - PROYECTADO

1.00 2.00 3.00
494,667.41 ### ###
25.00% 25.00% 25.00%
395,734 298,018 285,959
395,734 693,752 979,711
Payback (Periodo de Recuperación):
3.00 979,711 Por interpolación

x 840,000.00
4.00 1,249,254 Xa = 2.48
Xm = 5.78
Xd = 23.40
4.00 5.00
### ###
24.98% 25.04%
277,226 252,019
1,305,064 ###
Pay back:
2.00 años
6.00 meses
26.00 días
4.00 5.00
### ###
25.00% 25.00%
269,543 246,019
1,249,254 ###
Pay back:
2.00 años
5.00 meses
23.00 días
ANÁLISIS COSTO - VOLUMEN - UTILIDAD (CVU)
PROYECTO DE NEGOCIO: EMPRESA INDUSTRIAL

Producción (unidades): 12,000.00 12,500.00 13,000.00
Ventas (unidades): 12,000.00 12,500.00 13,000.00
Costo variable unit. 102.79 98.68 94.88
Costo fijo unit. 64.21 61.64 59.27
Gasto variable unit. 0.00 0.00 0.00
Gasto fijo unit. 64.38 61.80 59.42
Valor de Vta unitario: 266.08 266.08 266.08
Proyección de Estados de Resultados
Estado de resultados - Absorbente

2024 - 2028 2024 2025 2026
Ventas 3,192,975.00 3,326,015.63 3,459,056.25
Costo de ventas -2,004,000.00 -2,004,000.00 -2,004,000.00
Utilidad bruta 1,188,975.00 1,322,015.63 1,455,056.25
Gastos admin. -332,100.00 -332,100.00 -332,100.00
Gastos de venta -440,400.00 -440,400.00 -440,400.00
Utilidad operativ 416,475.00 549,515.63 682,556.25
Margen C.Ventas 62.76% 60.25% 57.93%

Margen Bruto 37.24% 39.75% 42.07%
Margen Operativo 13.04% 16.52% 19.73%
Planeamiento Costo - Volumen - Utilidad
𝑴𝒂𝒓𝒈𝒆𝒏 𝑪𝒐𝒏𝒕𝒓𝒊𝒃𝒖𝒄𝒊ó𝒏 𝒖𝒏𝒊𝒕.= (𝑀𝑎𝑟𝑔𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑡𝑜𝑡𝑎𝑙)/(𝑈𝑛𝑖𝑑𝑎𝑑𝑒𝑠 𝑣𝑒𝑛𝑑𝑖𝑑𝑎𝑠)
𝑽𝒆𝒏𝒕𝒂𝒔 𝒐𝒃𝒋𝒆𝒕𝒊𝒗𝒐= (𝐶𝑦𝐺 𝐹𝑖𝑗𝑜𝑠+𝐸𝐵𝐼𝑇 𝑑𝑒𝑠𝑒𝑎𝑑𝑎)/(𝑀𝑎𝑟𝑔𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.)
𝑷𝒖𝒏𝒕𝒐 𝒅𝒆 𝒆𝒒𝒖𝒊𝒍𝒊𝒃𝒓𝒊𝒐 = (𝐶𝑜𝑠𝑡𝑜𝑠 𝑦 𝐺𝑎𝑠𝑡𝑜𝑠 𝐹𝑖𝑗𝑜𝑠)/(𝑀𝑎𝑟𝑔𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.)

𝑪𝒚𝑮 𝑭𝒊𝒋𝒐𝒔.=𝑪𝒐𝒔𝒕𝒐𝒔 𝒚 𝑮𝒂𝒔
𝑷𝒖𝒏𝒕𝒐 𝒅𝒆 𝒄𝒊𝒆𝒓𝒓𝒆 = (𝐶𝑦𝐺 𝐹𝑖𝑗𝑜𝑠 − 𝐶𝑦𝐺 𝑒𝑥𝑡𝑖𝑛𝑔𝑢𝑖𝑑𝑜𝑠 )/(𝑀𝑎𝑟𝑔𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.)
𝑬𝑩𝑰𝑻:𝑬𝒂𝒓𝒏𝒊𝒏𝒈 𝑩𝒆𝒇𝒐𝒓𝒆 𝑰𝒏𝒕𝒆𝒓𝒆
𝑭𝒂𝒄𝒕𝒐𝒓 𝑨𝒑𝒂𝒍𝒂𝒏.𝑶𝒑𝒆𝒓.= (𝑀𝑎𝑟𝑔𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑡𝑜𝑡𝑎𝑙)/(𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑣𝑎)
𝑬𝑩𝑰𝑻:𝑼𝒕𝒊𝒍𝒊𝒅𝒂𝒅 𝑨𝒏𝒕𝒆𝒔 𝒅𝒆 𝑰𝒏𝒕𝒆𝒓𝒆
𝑴𝒂𝒓𝒈𝒆𝒏 𝒅𝒆 𝑺𝒆𝒈𝒖𝒓𝒊𝒅𝒂𝒅=𝑉𝑒𝑛𝑡𝑎𝑠 𝑜𝑏𝑗𝑒𝑡𝑖𝑣𝑜 −𝑃𝑡𝑜. 𝐸𝑞.
𝑪𝒚𝑮 𝒆𝒙𝒕𝒊𝒏𝒈𝒖𝒊𝒅𝒐𝒔 :𝑪𝒐𝒔𝒕𝒐𝒔 𝒚 𝑮𝒂𝒔
%𝑴𝒂𝒈.𝑺𝒆𝒈𝒖𝒓𝒊𝒅𝒂𝒅= (𝑀𝑎𝑔. 𝑆𝑒𝑔. 𝑒𝑛 𝑢𝑛𝑖𝑑𝑎𝑑𝑒𝑠 𝑓í𝑠𝑖𝑐𝑎𝑠)/(𝑉𝑒𝑛𝑡𝑎𝑠 𝑜𝑏𝑗𝑒𝑡𝑖𝑣𝑜 𝑢𝑛𝑑. 𝑓í𝑠𝑖𝑐𝑎𝑠)
Factor Apalan.Oper. : Factor de Apalan
𝑷𝒕𝒐. 𝑬𝒒. :𝑷𝒖𝒏𝒕𝒐 𝒅𝒆 𝑬𝒒𝒖
𝑴𝒂𝒈. 𝑺𝒆𝒈. :𝑴𝒂𝒓𝒈𝒆𝒏 𝒅𝒆 𝑺

D (CVU)
13,500.00 14,000.00 Producción (unidades):

13,500.00 14,000.00 Ventas (unidades):
91.37 88.11 Costo variable unit.
57.08 55.04 Costo fijo unit.
0.00 0.00 Gasto variable unit.
57.22 55.18 Gasto fijo unit.
266.08 266.08 Valor de Vta unitario:
Estado de Resultados - Costeo Directo

2027 2028 2024 - 2028
3,592,096.88 ### Ventas
-2,004,000.00 ### Costos Variables
1,588,096.88 ### Gastos Variables
-332,100.00 -332,100.00 Margen Contribución tot
-440,400.00 -440,400.00 Costos del producto Fijos
815,596.88 948,637.50 Gastos del periodo Fijos
Utilidad Operativa
55.79% 53.80% Margen C.Ventas

44.21% 46.20% Margen Bruto
22.71% 25.47% Margen Operativo
)/(𝑈𝑛𝑖𝑑𝑎𝑑𝑒𝑠 𝑣𝑒𝑛𝑑𝑖𝑑𝑎𝑠)
MgC unitario =
𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.) EBIT deseada =
𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.)
𝒚𝑮 𝑭𝒊𝒋𝒐𝒔.=𝑪𝒐𝒔𝒕𝒐𝒔 𝒚 𝑮𝒂𝒔𝒕𝒐𝒔 𝑭𝒊𝒋𝒐𝒔 Ventas objetivo =
𝑒𝑛 𝐶𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑐𝑖ó𝑛 𝑢𝑛𝑖𝑡.)
:𝑬𝒂𝒓𝒏𝒊𝒏𝒈 𝑩𝒆𝒇𝒐𝒓𝒆 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝒂𝒏𝒅 𝑻𝒂𝒙𝒆𝒔𝒔
𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑣𝑎)
𝒕𝒊𝒍𝒊𝒅𝒂𝒅 𝑨𝒏𝒕𝒆𝒔 𝒅𝒆 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒆𝒔 𝒆 𝑰𝒎𝒑𝒖𝒆𝒔𝒕𝒐𝒔
Punto de Equilibrio =
𝒕𝒊𝒏𝒈𝒖𝒊𝒅𝒐𝒔 :𝑪𝒐𝒔𝒕𝒐𝒔 𝒚 𝑮𝒂𝒔𝒕𝒐𝒔 𝒆𝒙𝒕𝒊𝒏𝒈𝒖𝒊𝒅𝒐𝒔

C&G extinguidos =
𝑎𝑠 𝑜𝑏𝑗𝑒𝑡𝑖𝑣𝑜 𝑢𝑛𝑑. 𝑓í𝑠𝑖𝑐𝑎𝑠)

alan.Oper. : Factor de Apalanacamiento Operativo Punto de Cierre =
𝑷𝒕𝒐. 𝑬𝒒. :𝑷𝒖𝒏𝒕𝒐 𝒅𝒆 𝑬𝒒𝒖𝒊𝒍𝒊𝒃𝒓𝒊𝒐 Factor A.Ope. =

𝑴𝒂𝒈. 𝑺𝒆𝒈. :𝑴𝒂𝒓𝒈𝒆𝒏 𝒅𝒆 𝑺𝒆𝒈𝒖𝒓𝒊𝒅𝒂𝒅
Margen seguridad =
% Margen seguridad =
12,000.00 12,500.00 13,000.00 13,500.00 14,000.00
12,000.00 12,500.00 13,000.00 13,500.00 14,000.00
102.79 98.68 94.88 91.37 88.11
64.21 61.64 59.27 57.08 55.04
0.00 0.00 0.00 0.00 0.00
64.38 61.80 59.42 57.22 55.18
266.08 266.08 266.08 266.08 266.08
sultados - Costeo Directo

2024 2025 2026 2027 2028
3,192,975.00 3,326,015.63 3,459,056.25 3,592,096.88 3,725,137.50
-1,233,480.00 -1,233,480.00 -1,233,480.00 -1,233,480.00 -1,233,480.00
0.00 0.00 0.00 0.00 0.00
1,959,495.00 2,092,535.63 2,225,576.25 2,358,616.88 2,491,657.50
-770,520.00 -770,520.00 -770,520.00 -770,520.00 -770,520.00
-772,500.00 -772,500.00 -772,500.00 -772,500.00 -772,500.00
416,475.00 549,515.63 682,556.25 815,596.88 948,637.50
38.63% 37.09% 35.66% 34.34% 33.11%

61.37% 62.91% 64.34% 65.66% 66.89%
13.04% 16.52% 19.73% 22.71% 25.47%
2024 2025 2026 2027 2028
163.29 167.40 171.20 174.71 177.98
416,475.00 549,515.63 682,556.25 815,596.88 948,637.50
12,000.00 12,500.00 13,000.00 13,500.00 14,000.00
9,450.00 9,218.00 9,014.00 8,832.00 8,670.00
101,400.00 101,400.00 101,400.00 101,400.00 101,400.00
8,829.00 8,612.00 8,421.00 8,252.00 8,101.00
4.70 3.81 3.26 2.89 2.63
2,550.00 3,282.00 3,986.00 4,668.00 5,330.00
21.25% 26.26% 30.66% 34.58% 38.07%

Escenario 05 Años
- % de IGV 18.00%
Proyecto: "Empresa pr
Estado de Resultados de "Emp
Rubro Año 0 Año 1
Ingresos - ###
Contado 3,192,975
- Valor de Recupero



Imp. Rta. 29.5% (119,336)

FLUJO DE OPER
Ítem Año 0 Año 1
Ingresos - ###
Contado 3,767,711
Costos - ###
Imp. Rta. 29.5% (sin deuda) - (122,860)
FLUJO DE INVE
Flujo de inversión -910,000.00 0.00
FLUJO DE CAJA ECONÓMIC

1.00
Flujo de Caja Económico -910,000.00 ###
Tasa evaluación: WACC 24.61%
Valor Presente 414,949
Valor Presente Acumulado 414,949

Valor Presente Acumulado 1,557,082.92 Payback (Periodo de Rec
Valor Actual Neto (VANE) 647,082.92 >0 3.00

x
Tasa Interna de Retorno (TIRE) 54.04% >WACC 4.00
FLUJO DE FINANC
FLUJO DE CAJA FINANCIER

1.00
Flujo de Caja Financiero -840,000.00 ###

x
ANEXOS
Calculo de IGV
IGV. Compras (122,034) (288,014)
Escudo (122,034) -

enario 05 Años - Moderado
Resultados
M. A. Imp. 19.3%
M. Neto 13.6%
to: "Empresa productora XYZ"

100.0% 3,326,016 100.0% ### 100.0% 3,592,097 100.0% ###

100.0% 3,326,016 100.0% 3,459,056 100.0% 3,592,097 100.0% 3,725,138
100.0% 3,326,016 100.0% 3,459,056 100.0% 3,592,097 100.0% 3,725,138
62.8% ### 60.3% ### 57.9% (2,004,000) 55.8% ###

38.6% (1,233,480) 37.1% ### 35.7% (1,233,480) 35.7% ###
14.5% (463,800) 13.9% (463,800) 13.4% (463,800) 12.9% (463,800)
9.8% (311,400) 9.4% (311,400) 9.0% (311,400) 8.7% (311,400)
3.1% (99,600) 3.0% (99,600) 2.9% (99,600) 2.8% (99,600)
5.5% (176,400) 5.3% (176,400) 5.1% (176,400) 4.9% (176,400)
1.1% (33,600) 1.0% (33,600) 1.0% (33,600) 0.9% (33,600)
4.7% (148,680) 4.5% (148,680) 4.3% (148,680) 4.1% (148,680)
24.1% (770,520) 23.2% (770,520) 22.3% (770,520) 21.5% (770,520)
8.9% (283,200) 8.5% (283,200) 8.2% (283,200) 7.9% (283,200)
6.4% (204,000) 6.1% (204,000) 5.9% (204,000) 5.7% (204,000)
4.1% (132,000) 4.0% (132,000) 3.8% (132,000) 3.7% (132,000)
3.2% (102,600) 3.1% (102,600) 3.0% (102,600) 2.9% (102,600)
1.5% (48,720) 1.5% (48,720) 1.4% (48,720) 1.4% (48,720)
0
37.24% 1,322,016 39.75% 1,455,056 42.07% 1,588,097 44.21% 1,721,138
10.4% (332,100) 10.0% (332,100) 9.6% (332,100) 9.2% (332,100)

8.8% (279,420) 8.4% (279,420) 8.1% (279,420) 7.8% (279,420)
1.6% (52,680) 1.6% (52,680) 1.5% (52,680) 1.5% (52,680)
13.8% (440,400) 13.2% (440,400) 12.7% (440,400) 12.3% (440,400)
13.04% 549,516 16.52% 682,556 19.73% 815,597 22.71% 948,638

0.4% (9,324) 0.3% (6,163) 0.2% (1,839) 0.1% 1,777
12.67% 540,191 16.24% 676,394 19.55% 813,758 22.65% 950,414
3.7% (159,356) 4.8% (199,536) 5.8% (240,059) 6.7% (280,372)

8.93% 380,835 11.45% 476,858 13.79% 573,699 15.97% 670,042
FLUJO DE OPERACIÓN
3,924,698 ### 4,238,674 ###
3,924,698 4,081,686 4,238,674 4,395,662
3,924,698 4,081,686 4,238,674 4,395,662
### ### (2,164,022) ###

(1,423,754) ### (1,423,754) ###
(547,284) (547,284) (547,284) (547,284)
(367,452) (367,452) (367,452) (367,452)
(117,528) (117,528) (117,528) (117,528)
(176,400) (176,400) (176,400) (176,400)
(39,648) (39,648) (39,648) (39,648)
(175,442) (175,442) (175,442) (175,442)
(740,268) (740,268) (740,268) (740,268)
(283,200) (283,200) (283,200) (283,200)
(204,000) (204,000) (204,000) (204,000)
(132,000) (132,000) (132,000) (132,000)
(121,068) (121,068) (121,068) (121,068)
1,760,676 1,917,664 2,074,652 2,231,640
(279,420) (279,420) (279,420) (279,420)
(519,672) (519,672) (519,672) (519,672)
961,584 1,118,572 1,275,560 1,432,548
(162,107) (201,354) (240,601) (279,848)
(310,668) (334,616) (358,563) (382,510)
### ### 676,395.80 ###
FLUJO DE INVERSIÓN
0.00 0.00 0.00 0.00

2.00 3.00 4.00 5.00
### ### 676,395.80 ###
24.78% 24.91% 24.98% 25.04%
313,936 298,953 277,226 252,019
728,884 1,027,838 1,305,064 ###

yback (Periodo de Recuperación):
1,027,838 Por interpolación Pay back:

910,000.00
1,305,064 Xa = 2.57 2.00 años
Xm = 6.90 6.00 meses
Xd = 26.98 26.00 días
(25,906) (25,906) (18,874) (18,874)

2,751 1,818 543 (524)
-23,155.10 ### -18,331.88 ###

2.00 3.00 4.00 5.00
### ### 658,063.91 ###
25.00% 25.00% 25.00% 25.00%
298,018 285,959 269,543 246,019
693,752 979,711 1,249,254 ###
979,711 Por interpolación Pay back:

840,000.00
1,249,254 Xa = 2.48 2.00 años
Xm = 5.78 5.00 meses
Xd = 23.40 23.00 días
598,683 622,630 646,577 670,525
(288,014) (288,014) (288,014) (288,014)
310,668 334,616 358,563 382,510
310,668 334,616 358,563 382,510
310,668 334,616 358,563 382,510
162,107 201,354 240,601 279,848

159,356 199,536 240,059 280,372
(2,751) (1,818) (543) 524
(2,751) (1,818) (543) 524
655,274
56.63%
100.0%
100.0%
100.0%
53.8%
35.7%
12.5%
8.4%
2.7%
4.7%
0.9%
4.0%
20.7%
7.6%
5.5%
3.5%
2.8%
1.3%
46.20%
8.9%
7.5%
1.4%
11.8%
25.47%
0.0%
25.51%
7.5%
17.99%
Escenario 05 Años
- % de IGV 18.00%
Rubro Año 0 Año 1
Ingresos - ###
Contado 3,352,624
- Valor de Recupero



Imp. Rta. 29.5% (181,344)

FLUJO DE OPER
Ítem Año 0 Año 1
Ingresos - ###
Contado 3,956,096
Costos - ###
Utilidad Operativa - 1,052,631
Imp. Rta. 29.5% (sin deuda) - (184,869)
FLUJO DE INVE

1.00

Valor Actual Neto (VANE) 1,066,183.00 >0 3.00

x
FLUJO DE FINANC

1.00
Valor Actual Neto (VANE) 1,073,511.47 >0 3.00

x
ANEXOS
Calculo de IGV
IGV. Compras (122,034) (278,915)
Escudo (122,034) -

Resultados
M. Bruto 46.1% VANE ### VANF
M. A. Imp. 24.6%
M. Neto 17.3%

100.0% 3,492,316 100.0% ### 100.0% 3,771,702 100.0% ###

100.0% 3,492,316 100.0% 3,632,009 100.0% 3,771,702 100.0% 3,911,394
100.0% 3,492,316 100.0% 3,632,009 100.0% 3,771,702 100.0% 3,911,394
58.3% ### 55.9% ### 53.8% (1,953,450) 51.8% ###

35.4% (1,188,060) 34.0% ### 32.7% (1,188,060) 32.7% ###
13.1% (440,610) 12.6% (440,610) 12.1% (440,610) 11.7% (440,610)
8.8% (295,830) 8.5% (295,830) 8.1% (295,830) 7.8% (295,830)
2.8% (94,620) 2.7% (94,620) 2.6% (94,620) 2.5% (94,620)
5.3% (176,400) 5.1% (176,400) 4.9% (176,400) 4.7% (176,400)
1.0% (31,920) 0.9% (31,920) 0.9% (31,920) 0.8% (31,920)
4.4% (148,680) 4.3% (148,680) 4.1% (148,680) 3.9% (148,680)
22.8% (765,390) 21.9% (765,390) 21.1% (765,390) 20.3% (765,390)
8.4% (283,200) 8.1% (283,200) 7.8% (283,200) 7.5% (283,200)
6.1% (204,000) 5.8% (204,000) 5.6% (204,000) 5.4% (204,000)
3.9% (132,000) 3.8% (132,000) 3.6% (132,000) 3.5% (132,000)
2.9% (97,470) 2.8% (97,470) 2.7% (97,470) 2.6% (97,470)
1.5% (48,720) 1.4% (48,720) 1.3% (48,720) 1.3% (48,720)
0
41.73% 1,538,866 44.06% 1,678,559 46.22% 1,818,252 48.21% 1,957,944
9.9% (332,100) 9.5% (332,100) 9.1% (332,100) 8.8% (332,100)

8.3% (279,420) 8.0% (279,420) 7.7% (279,420) 7.4% (279,420)
1.6% (52,680) 1.5% (52,680) 1.5% (52,680) 1.4% (52,680)
13.1% (440,400) 12.6% (440,400) 12.1% (440,400) 11.7% (440,400)
18.69% 766,366 21.94% 906,059 24.95% 1,045,752 27.73% 1,185,444

0.4% (9,324) 0.3% (6,163) 0.2% (1,839) 0.0% 1,777
18.34% 757,042 21.68% 899,897 24.78% 1,043,913 27.68% 1,187,221
5.4% (223,327) 6.4% (265,469) 7.3% (307,954) 8.2% (350,230)

12.93% 533,715 15.28% 634,427 17.47% 735,958 19.51% 836,991
FLUJO DE OPERACIÓN
4,120,933 ### 4,450,608 ###
4,120,933 4,285,771 4,450,608 4,615,445
4,120,933 4,285,771 4,450,608 4,615,445
### ### (2,104,373) ###

(1,370,159) ### (1,370,159) ###
(519,920) (519,920) (519,920) (519,920)
(349,079) (349,079) (349,079) (349,079)
(111,652) (111,652) (111,652) (111,652)
(176,400) (176,400) (176,400) (176,400)
(37,666) (37,666) (37,666) (37,666)
(175,442) (175,442) (175,442) (175,442)
(734,215) (734,215) (734,215) (734,215)
(283,200) (283,200) (283,200) (283,200)
(204,000) (204,000) (204,000) (204,000)
(132,000) (132,000) (132,000) (132,000)
(115,015) (115,015) (115,015) (115,015)
2,016,560 2,181,397 2,346,235 2,511,072
(279,420) (279,420) (279,420) (279,420)
(519,672) (519,672) (519,672) (519,672)
1,217,468 1,382,305 1,547,143 1,711,980
(226,078) (267,287) (308,497) (349,706)
(349,702) (374,846) (399,991) (425,136)
### ### 838,654.96 ###
FLUJO DE INVERSIÓN
0.00 0.00 0.00 0.00

2.00 3.00 4.00 5.00
### ### 838,654.96 ###
24.78% 24.91% 24.98% 25.04%
412,122 379,808 343,729 306,647
945,999 1,325,806 1,669,536 ###


910,000.00
1,669,536 Xa = 1.79 1.00 años
Xm = 9.48 9.00 meses
Xd = 14.51 14.00 días
(25,906) (25,906) (18,874) (18,874)

2,751 1,818 543 (524)
-23,155.10 ### -18,331.88 ###

2.00 3.00 4.00 5.00
### ### 820,323.08 ###
25.00% 25.00% 25.00% 25.00%
395,861 366,635 336,004 300,725
910,147 1,276,782 1,612,787 ###

840,000.00
1,612,787 Xa = 1.70 1.00 años
Xm = 8.40 8.00 meses
Xd = 12.03 12.00 días
628,617 653,762 678,906 704,051
(278,915) (278,915) (278,915) (278,915)
349,702 374,846 399,991 425,136
349,702 374,846 399,991 425,136
349,702 374,846 399,991 425,136
226,078 267,287 308,497 349,706

223,327 265,469 307,954 350,230
(2,751) (1,818) (543) 524
(2,751) (1,818) (543) 524
1,073,511
75.62%
% Variación
100.0%
100.0%
100.0% 5.0%
49.9%
32.7%
11.3% -5.0%
7.6% -5.0%
2.4% -5.0%
4.5%
0.8% -5.0%
3.8%
19.6%
7.2%
5.2%
3.4%
2.5% -5.0%
1.2%
50.06%
8.5%
7.1%
1.3%
11.3%
30.31%
0.0%
30.35%
9.0%
21.40%
Escenario 05 Años
- % de IGV 18.00%
Rubro Año 0 Año 1
Ingresos - ###
Contado 3,033,326
- Valor de Recupero

Utilidad Bruta 978,776


Imp. Rta. 29.5% (57,327)

FLUJO DE OPER
Ítem Año 0 Año 1
Ingresos - ###
Contado 3,579,325
Costos - ###
Imp. Rta. 29.5% (sin deuda) - (60,851)
FLUJO DE INVE

1.00


x
FLUJO DE FINANC

1.00

x
ANEXOS
Calculo de IGV
IGV. Compras (122,034) (297,113)
Escudo (122,034) -

Resultados
M. A. Imp. 13.5%
M. Neto 9.5%

100.0% 3,159,715 100.0% ### 100.0% 3,412,492 100.0% ###

100.0% 3,159,715 100.0% 3,286,103 100.0% 3,412,492 100.0% 3,538,881
100.0% 3,159,715 100.0% 3,286,103 100.0% 3,412,492 100.0% 3,538,881
67.7% ### 65.0% ### 62.5% (2,054,550) 60.2% ###

42.2% (1,278,900) 40.5% ### 38.9% (1,278,900) 38.9% ###
16.1% (486,990) 15.4% (486,990) 14.8% (486,990) 14.3% (486,990)
10.8% (326,970) 10.3% (326,970) 10.0% (326,970) 9.6% (326,970)
3.4% (104,580) 3.3% (104,580) 3.2% (104,580) 3.1% (104,580)
5.8% (176,400) 5.6% (176,400) 5.4% (176,400) 5.2% (176,400)
1.2% (35,280) 1.1% (35,280) 1.1% (35,280) 1.0% (35,280)
4.9% (148,680) 4.7% (148,680) 4.5% (148,680) 4.4% (148,680)
25.6% (775,650) 24.5% (775,650) 23.6% (775,650) 22.7% (775,650)
9.3% (283,200) 9.0% (283,200) 8.6% (283,200) 8.3% (283,200)
6.7% (204,000) 6.5% (204,000) 6.2% (204,000) 6.0% (204,000)
4.4% (132,000) 4.2% (132,000) 4.0% (132,000) 3.9% (132,000)
3.6% (107,730) 3.4% (107,730) 3.3% (107,730) 3.2% (107,730)
1.6% (48,720) 1.5% (48,720) 1.5% (48,720) 1.4% (48,720)
0
32.27% 1,105,165 34.98% 1,231,553 37.48% 1,357,942 39.79% 1,484,331
10.9% (332,100) 10.5% (332,100) 10.1% (332,100) 9.7% (332,100)

9.2% (279,420) 8.8% (279,420) 8.5% (279,420) 8.2% (279,420)
1.7% (52,680) 1.7% (52,680) 1.6% (52,680) 1.5% (52,680)
14.5% (440,400) 13.9% (440,400) 13.4% (440,400) 12.9% (440,400)
6.80% 332,665 10.53% 459,053 13.97% 585,442 17.16% 711,831

0.4% (9,324) 0.3% (6,163) 0.2% (1,839) 0.1% 1,777
6.41% 323,340 10.23% 452,891 13.78% 583,603 17.10% 713,607
1.9% (95,385) 3.0% (133,603) 4.1% (172,163) 5.0% (210,514)

4.52% 227,955 7.21% 319,288 9.72% 411,440 12.06% 503,093
FLUJO DE OPERACIÓN
3,728,464 ### 4,026,741 ###
3,728,464 3,877,602 4,026,741 4,175,879
3,728,464 3,877,602 4,026,741 4,175,879
### ### (2,223,671) ###

(1,477,350) ### (1,477,350) ###
(574,648) (574,648) (574,648) (574,648)
(385,825) (385,825) (385,825) (385,825)
(123,404) (123,404) (123,404) (123,404)
(176,400) (176,400) (176,400) (176,400)
(41,630) (41,630) (41,630) (41,630)
(175,442) (175,442) (175,442) (175,442)
(746,321) (746,321) (746,321) (746,321)
(283,200) (283,200) (283,200) (283,200)
(204,000) (204,000) (204,000) (204,000)
(132,000) (132,000) (132,000) (132,000)
(127,121) (127,121) (127,121) (127,121)
1,504,792 1,653,931 1,803,069 1,952,208
(279,420) (279,420) (279,420) (279,420)
(519,672) (519,672) (519,672) (519,672)
705,700 854,839 1,003,977 1,153,116
(98,136) (135,421) (172,705) (209,990)
(271,635) (294,385) (317,135) (339,885)
### ### 514,136.63 ###
FLUJO DE INVERSIÓN
0.00 0.00 0.00 0.00

2.00 3.00 4.00 5.00
### ### 514,136.63 ###
24.78% 24.91% 24.98% 25.04%
215,749 218,099 210,723 197,390
511,770 729,869 940,592 ###


910,000.00
940,592 Xa = 3.85 3.00 años
Xm = 10.26 10.00 meses
Xd = 7.74 7.00 días
(25,906) (25,906) (18,874) (18,874)

2,751 1,818 543 (524)
-23,155.10 ### -18,331.88 ###

2.00 3.00 4.00 5.00
### ### 495,804.75 ###
25.00% 25.00% 25.00% 25.00%
200,175 205,284 203,082 191,313
477,357 682,641 885,722 ###

840,000.00
885,722 Xa = 3.77 3.00 años
Xm = 9.30 9.00 meses
Xd = 8.95 8.00 días
568,749 591,499 614,249 636,999
(297,113) (297,113) (297,113) (297,113)
271,635 294,385 317,135 339,885
271,635 294,385 317,135 339,885
271,635 294,385 317,135 339,885
98,136 135,421 172,705 209,990

95,385 133,603 172,163 210,514
(2,751) (1,818) (543) 524
(2,751) (1,818) (543) 524
237,036
36.83%
% Variación
100.0%
100.0%
100.0% -5.0%
58.1%
38.9%
13.8% 5.0%
9.2% 5.0%
3.0% 5.0%
5.0%
1.0% 5.0%
4.2%
21.9%
8.0%
5.8%
3.7%
3.0% 5.0%
1.4%
41.94%
9.4%
7.9%
1.5%
12.4%
20.11%
-0.1%
20.16%
5.9%
14.22%

Modelo económico financiero TAP - 8.1 al 8.10 (3)

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ESTRUCTURA DE COSTOS - INDUSTRIAL

OBJETO DE COSTOS: RESISTENCIAS ELÉCTRICAS

3er PASO: REPORTE DE COSTOS Y GASTOS DEL SERVICIO

Costos para un nivel de actividad = 1,000 unidades

Costo unitario de producción 167 (costo total/unid producidas)

Total costos y gastos del servicio ###

Costos y gastos unitarios del servicio 231.38

Margen utilidad 15.00%

Valor de venta 266.08

OBJETO DE COSTO: SERVICIO DE TRANSMISIÓN DE PROGRAMACIÓN

1er PASO: LISTAR PARTIDAS 2do PASO: CLASIFICAR

Item RUBROS DE COSTOS US.$. CS PE CD

Depreciac mensual: 5 1450 equipos

Alquiler de Señal (cabecera Lima)

Nivel de actividad 18,000 abonados/mes

Total costos y gastos del servicio 279,978.33

N° Cuota Capital Interes Seguro Cuota

z + Intere + Otros Gastos

Saldo Capital N° Cuota Amort Interes Seguro Cuota

Días trabajo Operativos x año 360

- % de Impuesto a la Renta 29.50%

Tasa de descuento (rentabilidad exigida) 15.00%

Proyecto: "Empresa produ

Costo de Ventas - ###

Utilidad Bruta 1,188,975

Gastos Administrativos (332,100)

Gastos de Venta (440,400)

Utilidad Operativa - 416,475

Utilidad Antes de impuestos - 404,528

Imp. Rta. 29.5% (119,336)

FLUJO DE CAJA ECONÓMICO

Impuesto a la Renta a Pagar

M. Operativo 19.5% TIRE 54.04% TIRF

o: "Empresa productora XYZ"

100.0% 3,326,016 100.0% ### 100.0% 3,592,097 100.0% ###

62.8% ### 60.3% ### 57.9% (2,004,000) 55.8% ###

10.4% (332,100) 10.0% (332,100) 9.6% (332,100) 9.2% (332,100)

13.8% (440,400) 13.2% (440,400) 12.7% (440,400) 12.3% (440,400)

13.04% 549,516 16.52% 682,556 19.73% 815,597 22.71% 948,638

12.67% 540,191 16.24% 676,394 19.55% 813,758 22.65% 950,414

3.7% (159,356) 4.8% (199,536) 5.8% (240,059) 6.7% (280,372)

### ### (2,164,022) ###

0.00 0.00 0.00 0.00

CAJA ECONÓMICO - PROYECTADO

(25,906) (25,906) (18,874) (18,874)

598,683 622,630 646,577 670,525

162,107 201,354 240,601 279,848

Año1 Año2 Año3 Año4

Año1 Año2 Año3 Año4

MONTO SIN IGV 3,192,975.00

PRESUPUESTO DE INGRESOS AÑO 1

PRESUPUESTO DE INGRESOS AÑO 2

PRESUPUESTO DE INGRESOS AÑO 3

PRESUPUESTO DE INGRESOS AÑO 4

PRESUPUESTO DE INGRESOS AÑO 5

Nov Dici Año 1

Nov Dici Año 2

Nov Dici Año 3

Nov Dici Año 4

Nov Dici Año 5