Ejercicios-capitulo 7 - Confecciones Picadilly s.a.

7/23/2019 Ejercicios-capitulo 7 - Confecciones Picadilly s.a.

http://slidepdf.com/reader/full/ejercicios-capitulo-7-confecciones-picadilly-sa 1/53

1 2 3 4 5

ESTRUCTURA $ % COSTO

FINANCIERA

ACTIVO 11,000 100%

PASIVO 5,000 45% 12.0% 5.5%

PATRIMONIO 6,000 55% 10.5% 5.7%

11.2% IOP, TD, CPP

0 1 2 3 4

INGRESOS 15,000 1,000 1!,000 25,000

COSTOS 11,000 ,000 !,000 11,000 12,500

FFI "11,000 7,000 !,000 ,000 12,500

C0 # M "11,000 "11000

1&'()' 1

C1 # M 7,000 6,2!6

1&'()' 1.1

C0 # M !,000 7,21

1&'()' 1.24

C0 # M ,000 5,21

1&'()' 1.37

C0 # M 12,500 ,10

1&'()' 1.53

16,57.0 VAN ' REN

TIR IOP RENTA*+E

65%

TIR """"" VAN # 0

TIR"" MA- TASA UE PUEDE SOPORTAR UN POR/E



TASA DE INTERESIOP# INTERES DE OPORTUNIDAD

K, WACC TD# TASA DE DESCUENTO

CPP# COSTO PROMEDIO PONDERADO DE+ CAPITA+

M # C 1&'()'

C # M

1&'()'

A*+E

CTO



CASO:FLUJO DE FONDOS DEL INVERSIONISTA

0INGRESOS DE OPERACIÓN U)&

P&8 9)&:&8 ;):T8:< &)=8 8>&?)

(-) COSTOS DE OPERACIÓN Costos ! o"!#$%&' !s!*o+s$*+!s

C8:8 P89&?)

C8:8 ;&@< M:& >&

M)8 8@

GIF V&@<

C8:8 B&8 B@&&?) G:8 :&)= F&8

V&@<

G:8 &)&:& ) F&8

V&@<

T8:< C8:8 8>&?) @8<@<

(-) D!"#!%&$%&' ! A%t&,os F&os T$.&*+!s M9&)

M9&)

O@ F&

VH9<8

(-) Ao#t&/$%&' ! A%t&,os No&$+!s G:8 C8:&:9& )

G:8 P9: ) MH P:):

(-) G$sto It!#sUTILIDAD ANTES DE PARTICIPACION E IPUESTOS"' P:&&>&?) :@8 15%'

UTILIDAD ANTES DE IPUESTOS"' I>9:8 22%'

UTILIDAD NETA() Ut&+&$ ! , !t$ ! $%t&,os

(-) I"!sto $ +$ t&+&$ ! , !t$ ! $%t&,os() V$+o# ! +&*#os ! $%t&,os ,! &os() I.#!sos o .#$, $*+!s(-) Costos ! o"!#$%&' o !%&*+!s() D!"#!%&$%&'() Ao#t&/$%& (-) Costos ! &,!#s&' A%t&,os F&os T$.&*+!s M9&) 8:8

M9&) P=8



PRODUCTOS TERINADOS (C$t&$!s)I);):&8 I)&&<

' P89&Q)

"' V):

#' I);):&8 F&)< D < ;): )9< :& 20

D < 8 360

II P " V # IF

P # IF V " II

ATERIA PRIA (USD)I);):&8 I)&&<

' C8>"' C8)98 ) P89&Q)

6250 1%



#' I);):&8 F&)< D 8)98 30

D < 8 360

II C " CP# IF

C # IF CP " II

EPA7UES (USD)I);):&8 I)&&<

' C8>"' C8)98 ) P89&Q)

350 1%

#' I);):&8 F&)< D 8)98 45

D < 8 360

II C " CP# IF

C # IF CP " II

CASO:

ESTADO DE RESULTADOS INGRESOS DE OPERACIÓN

U)& 4%

P&8 9)&:&8 ;): 1%

T8:< &)=8 8>&?)

"' C8:8 I)98

M:& >& $'

6,250 1%

E>9 $'

350 1%

P<8 8)&8 >8 >8;8 ' 45

M)8 8@ 1%

GIF

M):)&&):8 9&>8 &):<&8) 1%

S=98 > >8:&Q) 9&>8 &):<&8) 1%

A&)&:&Q) =)< B@& 1%

G:8 9>;&&Q) &)9:&< 1%

S;&&8 >@<&8 1%

S=98 &):<&8) 1%

G:8 :&)= F&8 1%

S=98 >9 9:88:8 1%

V&@<

G:8 &)&:&?) F&8 1%

A&)8 <) 1%

V&@< P:):'

T8:< C8:8 8>&?) @8<@<

(-) D!"#!%&$%&' ! A%t&,os F&os T$.&*+!s E&B&&8 5%

M9&)& 9&>8 &)9:&< 20% M9@< ) 10%

E9&>8 8B&&) 14%



E9&>8 :)>8: 10%

(-) Ao#t&/$%&' ! A%t&,os No&$+!s G:8 C8:&:9&?)

G:8 P9: ) MH

I): >8>&8)< G:8 >8>:8&8

P:):

(-) L!$s&. M9&)& 9&>8 &)9:&< E9&>8 8B&&)

E9&>8 :)>8:

(-) G$sto It!#8s ! 9oos E&&Q) 1

E&&Q) 2

E&&Q) 3

(-) G$sto It!#8s ! E"#8st&tos P:8 1

P:8 2

P:8 3

UTILIDAD ANTES DE PARTICIPACION E IPUESTOS

"' P:&&>&?) :@8

UTILIDAD ANTES DE IPUESTOS

"' I>9:8 35%

UTILIDAD NETA

FLUJO DE EFECTIVO R9>&Q)

C8):8 0%

C&:8 20%

T8:< 9>&Q)

I>9:8 < ;<8 ==8 16%

(-) COSTOS DE OPERACIÓN Costos ! o"!#$%&' !s!*o+s$*+!s

C8:8 P89&?) C8:8 ;&@<

$t!#&$ "#&$: Cot$o C#8&to E"$!: Cot$o C#8&to

M)8 8@ 1%

GIF

M):)&&):8 9&>8 &):<&8) 1%

S=98 > >8:&Q) 9&>8 &):<&8) 1%

A&)&:&Q) =)< B@& 1%

G:8 9>;&&Q) &)9:&< 1% S;&&8 >@<&8 1%

S=98 &):<&8) 1%



G:8 :&)= F&8 1%

S=98 >9 9:88:8 1%

V&@<

G:8 &)&:&?) F&8 1%

A&)8 <) 1%

V&@< P:):'

T8:< C8:8 8>&?) @8<@<

(-) D!"#!%&$%&' ! A%t&,os F&os T$.&*+!s E&B&&8 5%

M9&)& 9&>8 &)9:&< 20%

M9@< ) 10%

E9&>8 8B&&) 14%

E9&>8 :)>8: 10%

(-) Ao#t&/$%&' ! A%t&,os No&$+!s G:8 C8:&:9&?) G:8 P9: ) MH

I): >8>&8)<

G:8 >8>:8&8

P:):

(-) L!$s&. M9&)& 9&>8 &)9:&< E9&>8 8B&&)

E9&>8 :)>8:

(-) G$sto It!#8s ! 9oos

E&&Q) 1 E&&Q) 2

E&&Q) 3

(-) G$sto It!#8s ! E"#8st&tos P:8 1

P:8 2

P:8 3

(-) P$#t&%&"$%&' $ t#$*$$o#!s

(-) I"!stos 35%

(-) P$.o ! &,&!os 75%

VALOR RESIDUAL (V!t$ ! A%t&,os):

() Ut&+&$ (P#&$) ! ,!t$ ! $%t&,os (UVA) (PVA)

(-) P$#;T#$*;< UVA = ()A>o##o P$#t;T#$* < PVA

(-) I"!sto < UVA= () A>o##o ! &"!stos < PVA

() V$+o# ! +&*#os ! $%t&,os ,!&os(-) I"!sto $+ ,$+o# $.#!.$o() D!"#!%&$%&'() Ao#t&/$%&'(-) Costos ! &,!#s&' A%t&,os F&os T$.&*+!s T)8 E&B&&8

M9&)& 9&>8 &)9:&<



M9@< )

E9&>8 8B&&)

E9&>8 :)>8:

A%t&,os F&os It$.&*+!s (No&$+!s) G:8 8):&:9&?)

G:8 >9: ) H

I): >8>&8)< E&&Q) 1

E&&Q) 2

E&&Q) 3

P:8 1

P:8 2

P:8 3

G:8 >8>:8&8

P:):

(-) I,!#s&' ! C$"&t$+ ! T#$*$o() R!%"!#$%&' ! C$"&t$+ ! T#$*$o

() P#st$o (C#&to) E&&Q) 1

E&&Q) 2

E&&Q) 3

P:8 1

P:8 2

P:8 3

(-) Ao#t&/$%&' !+ P#st$o ? E&s&o!s E&&Q) 1

E&&Q) 2

E&&Q) 3 P:8 1

P:8 2

P:8 3

() FLUJO DE EFECTIVO DEL PERIODO

&8># 32.0%

VA+OR PRESENTE

VPN VA+OR PRESENTE NETO' 11,15,141,!12

11,15,141,!12 X

TIR

Cálculo del VALOR RESIDUAL:

C8:8 &:?&8

"' D>.A9.V<8 ) +&@8

V<8 C8&< 8'

C<9<8 < VPN """" F?9< M8):8 M # C 1 &')

RODRIGUEZ MUÑOZ

RODRIGUEZ MUÑOZPAUL ARMANDO:VALOR AL CUAL SEPUEDEN LIQUIDAR OVENDER LOS ACTIVOS



"' V<8 ) <&@8

U.V.A. P.V.A'

"' P:. T@8 Y UVA ' AH88 P:[email protected] PVA 0%

U:&<& ): I>9:8

"' I>9:8 R):Z' AH88 I>.R:. 35%

U.N: ) < V:.A:&;8

' V<8 <&@8EB:&;8 N:8 G)8

' U.V.A. P.V.A'

"' 15% P:. T@8 ' AH88 P:.T@.

"' 22% I>9:8 R):Z' AH88 I>.R:.

' V<8 <&@8

EB:&;8 N:8 G)8

V<8 C8&< 8'

"' 15% P:. T@8 ' AH88 P:.T@.

"' 22% I>9:8 R):Z' AH88 I>.R:.

EB:&;8 N:8 G)8

TA9LA DE AORTI@ACIONCREDITO # 40,000

P+A[O # 2

GRACIA # 3

TASA # 10%

PAGOS # T&:<

# 4

1' 2'

P88 C>&:< < &)&&8

< >88

1 40,0002 40,000

3 40,000

4 40,000

5 32,000

6 24,000

7 16,000

,000

T8:<

PAUL ARMANDO:SIMILAR AL VALOR ENLIBROS POR TANTO, NISE GANA NI SE PIERDEEN TÈRMINOSCONTABLES Y LA VENTANO GENERA PAGO DEIMPUESTOS NI AHORRODE IMPUESTOS



REINGENIERIA I

FH 6"L)"16

1) CASO F@& &

F+ULO DE FONDOS DE+ INV

MEDIDAS DE RENTA*I+IDAD

A8 0

FFNP "2,175,1!,474

VAN

"2,175,1!,474

&8># 32%

VAN 1,264,72,20

PRC

V<8 A:9< "2,175,1!,474

A99<8

% I);.I)&&<

D&B)& "2,175,1!,474

PRC

TURV<8 :9< ;<8 )=:&;

N=:&;8 2,175,1!,474

V<8 A:9< 2,175,1!,474

V<8 B9:98 ;<8 >8&:&;8

P8&:&;8 "

V<8 F9:98 "

TUR 12.14%

R*C1'

S9:8& V<8 A:9< F<98 O>:&;8



I);&?) I)&&<

R*C



INVERSIONES FIJAS EN PORCENTAJES:

C8)>:8 E&&Q) @8)8 +&)=

T)8 50% 50%

E&B&&8 25% 25%

75%

M9@< ) 100%

E9&>8 8B&&) 40% 60%

E9&>8 :)>8: 25% 25% 50%

C8)>:8 E&&Q) @8)8 L!$s&.

T)8 "320,000,000 "320,000,000 "

E&B&&8 "220,000,000.00 "220,000,000 "

" " "607,500,000

M9@< ) "276,000,000 " "E9&>8 8B&&) "162,400,000 " "243,600,000

E9&>8 :)>8: "41,000,000 "41,000,000 "2,000,000

T8:< "1,01!,400,000 "51,000,000 "!33,100,000

F9): B&))&&):8T&:

P&8 S=9)8 T8

E&&Q) &8) 89) 60% 20% 20%

E&&Q) @8)8 50% 25% 25%+&)= 50% 50%

E>:&:8 40% 20%

F9): B&))&&):8T&:

P&8 S=9)8 T8

E&&Q) &8) 89) 611,640,000 203,0,000 203,0,000

E&&Q) @8)8 2!0,500,000 145,250,000 145,250,000

+&)= " 466,550,000 466,550,000

E>:&:8 " 257,000,000 12,500,000

EMISION DE *ONOSV<8 )8&)< < B&)< 305,7!,474 100%

V<8 8 < &)&&8 2!0,500,000 !5%

T &): 30% P=8 >8 :&

A):&&>8 8@

A8:&&Q) 50% <8 2 8

50% <8 4 8

.1' .2' .3' .4'

T&: C>&:< < &)&&8 I): A8:&&Q)

1 305,7!,474 !1,736,42

2 305,7!,474 !1,736,42

3 305,7!,474 !1,736,42

4 305,7!,474 !1,736,425 305,7!,474 !1,736,42

6 305,7!,474 !1,736,42

E&&8) &8)89)

M9&)& 9&>8&)9:&<

E&&8) &8)89)

M9&)& 9&>8&)9:&<



7 305,7!,474 !1,736,42

305,7!,474 !1,736,42 152,!4,737

! 152,!4,737 45,6,421

10 152,!4,737 45,6,421

11 152,!4,737 45,6,421

12 152,!4,737 45,6,421

13 152,!4,737 45,6,421

14 152,!4,737 45,6,42115 152,!4,737 45,6,421

16 152,!4,737 45,6,421 152,!4,737

EMPRESTITOS

P:8 1 257,000,000

T &): 44% P=8 >8 :&

A):&&>8 8@

A8:&&Q) S: ;)&8

P<8 2 8.1' .2' .3' .4'

T&: C>&:< < &)&&8 I): A8:&&Q)

1 257,000,000 113,00,000

2 257,000,000 113,00,000 64,250,000

3 1!2,750,000 4,10,000

4 1!2,750,000 4,10,000 64,250,000

5 12,500,000 56,540,000

6 12,500,000 56,540,000 64,250,000

7 64,250,000 2,270,000

64,250,000 2,270,000 64,250,000

LEASING

I);&8)A8 1 2 3

27!,500,000 307,500,000 33,200,000

E9&>8 8B&&) 10!,600,000 122,00,000 137,500,000

E9&>8 :)>8: 3!,600,000 45,500,000 52,400,000

0 1 2 3

0 0 6,667 6,!33

126,667 125,067 130,06!

120,000 124,00 12!,7!2

0 6,667 6,!33 7,211

0 65,!72,222 76,63,!

57,63,! !33,25,333 1,14!,3!1,4!7!1,666,667 !22,366,667 1,131,!2,373

6,250 7,375 ,703

M9&)& 9&>8&)9:&<



65,!72,222 76,63,! !4,327,364

0 5,541,667 6,456,567

4!,75,000 52,567,433 64,54,!2144,333,333 51,652,533 63,37,!!

350 413 47

5,541,667 6,456,567 7,!23,4!!

P88 8>&8)<""" 8&8): P<)&?), V& \:&<

P8>&8)< .""""""""""""""""""""""0 1 2 3

120,000 124,00 12!,7!2

25,000 2!,500 34,10

3,000,000,000 3,61,600,000 4,51,05!,520

"750,000,000 "!20,400,000 "1,12!,514,0

6,250 7,375 ,703

"42,000,000 "51,542,400 "63,252,33

350 413 47

"46,600,000 "552,!4,000 "652,47,640

" " "

"16,!00,000 "1!,!42,000 "23,531,560

"46,000,000 "54,20,000 "64,050,400

"24,200,000 "2,556,000 "33,6!6,00

"7,00,000 "!,204,000 "10,60,720

"15,500,000 "1,2!0,000 "21,52,200

"7,000,000 "!2,040,000 "10,607,200

" " "

"6,400,000 "0,712,000 "!5,240,160

"16,400,000 "1!,352,000 "22,35,360

" " "

" " "

"126,000,000 "14,60,000 "175,442,400

"36,000,000 "42,40,000 "50,126,400

" " "

" " "

" " "

" " "

" " "

"44,000,000 "44,000,000 "44,000,000

"40,500,000 "40,500,000 "!5,10,000"27,600,000 "27,600,000 "27,600,000

"23,200,000 "23,200,000 "47,557,143



",200,000 ",200,000 "12,300,000

" " "

" " "

" " "

"226,63,!5 "226,63,!5 "226,63,!5"4,600,000 "4,600,000 "4,600,000

" " "

" " "

" " "

"27!,500,000 "307,500,000 "33,200,000

"10!,600,000 "122,00,000 "137,500,000

"3!,600,000 "45,500,000 "52,400,000

" " "

"366,!47,36 "13,473,64 "13,473,64

"13,473,64 "114,671,053 "!1,736,42

"13,473,64 "137,605,263 "!1,736,42

" " ""226,160,000 "2,270,000 "

"141,350,000 "2,270,000 "

"33!,240,000 "113,00,000 "

"!3!,!2,632 17,21!,705 713,72,21

" " "

"!3!,!2,632 17,21!,705 713,72,21

32,!75,021 "65,526,!7 "24!,55,2!

"610,!53,611 121,6!2,0 464,016,!2

2,750,000,000 3,374,00,000 4,141,554,560

250,000,000 306,00,000

2,750,000,000 3,624,00,000 4,44,354,560

40,000,000 5!,056,000 722,!,523

"750,434,02 "16,601,042 "1,005,717,6

"107,204,61 "116,657,2!2

"43,640,625 "45,!!6,504 "56,74,056

"6,234,375 "6,570,!2!

"46,600,000 "552,!4,000 "652,47,640

"16,!00,000 "1!,!42,000 "23,531,560

"46,000,000 "54,20,000 "64,050,400

"24,200,000 "2,556,000 "33,6!6,00

"7,00,000 "!,204,000 "10,60,720"15,500,000 "1,2!0,000 "21,52,200

"7,000,000 "!2,040,000 "10,607,200

RODRIGUEZ MUÑOZ PAULARMANDO:EN PROYECTOS, AL EXISTIR UNAPERDIDA, SE PUEDE CALCULARANTICIPADAMENTE LOS

AHORROS QUE LA PERDIDA VAA GENERAR EN EL FUTUROCONSIDERANDO QUE LASPERDIDAS VAN A AMORTIZARSEDE ACUERDO A LA LEY, LO CUALIMPLICA QUE VAN ACONVERTIRSE EN GASTO,DISMINUYEN LA UTILIDAD YGENERAN AHOOROS DEIMPUESTOS



"6,400,000 "0,712,000 "!5,240,160

"16,400,000 "1!,352,000 "22,35,360

"126,000,000 "14,60,000 "175,442,400

"36,000,000 "42,40,000 "50,126,400

" " "

"44,000,000 "44,000,000 "44,000,000

"40,500,000 "40,500,000 "!5,10,000

"27,600,000 "27,600,000 "27,600,000

"23,200,000 "23,200,000 " 47,557,143

",200,000 ",200,000 "12,300,000

" "

"226,63,!5 "226,63,!5 "226,63,!5

"4,600,000 "4,600,000 "4,600,000

"27!,500,000 "307,500,000 "33,200,000

"10!,600,000 "122,00,000 "137,500,000

"3!,600,000 "45,500,000 "52,400,000

"366,!47,36 "13,473,64 "13,473,64"13,473,64 "114,671,053 "!1,736,42

"13,473,64 "137,605,263 "!1,736,42

"226,160,000 "2,270,000

"141,350,000 "2,270,000

"33!,240,000 "113,00,000

" " "

32,!75,021 "65,526,!7 "24!,55,2!

" !1,26!,606

"40,000,000 "5!,056,000 "722,!,523

143,500,000 143,500,000 226,637,143

231,23,!5 231,23,!5 231,23,!5

"640,000,000"0,000,000

"202,500,000 "273,400,000



"276,000,000

"162,400,000 "170,500,000

"2,000,000 "41,000,000

"366,!47,36

"137,605,263

"!1,736,42

"310,!70,000

"113,00,000

"113,00,000

"23,000,000

2!0,500,000

145,250,000

145,250,000

257,000,000

12,500,000

257,000,000

"152,!4,737

"76,447,36

"76,447,36"12,500,000 "12,500,000

"64,250,000 "64,250,000

"12,500,000 "12,500,000

"2,175,1!,474 1,!40,505,631 3,433,342,4 4,731,4!1,53

0 1 2 3

"2,175,1!,474 1,470,00,024 1,!70,467,65 2,057,1!,75

E&B&&8 M9&) M9@< ) E9&>8

9&>8 &)9:&< 8B&&)

0,000,000 475,!00,000 276,000,000 332,!00,000

"30,000,000 "475,!00,000 "1!3,200,000 "24,15,714572,000,000 " 2,00,000 4,714,26

572,000,000 2,00,000 4,714,26



"572,000,000 " "2,00,000 "4,714,26

" " " 0

" " " "

" " " 0

" " " "0

" " " 0

572,000,000 " 2,00,000 4,714,26572,000,000 " 2,00,000 4,714,26

" " " 0

" " " "

" " " "0

572,000,000 " 2,00,000 4,714,26

572,000,000 " 2,00,000 4,714,26

572,000,000 " 2,00,000 4,714,26

" " " "

" " " "0

572,000,000 " 2,00,000 4,714,26

8

:&:

3' 4' 5'#3'4' 6'#2'"4'

I): A8:&&?) C98: C>&:< < B&)<

< >]:8 T8:< < >88

1,000 1,000 40,0001,000 1,000 40,000

1,000 1,000 40,000

1,000 ,000 !,000 32,000

00 ,000 ,00 24,000

600 ,000 ,600 16,000

400 ,000 ,400 ,000

200 ,000 ,200 "

6,000 40,000 46,000



RSIONISTA

1 2 3

1,!40,505,631 3,433,342,4

1,470,00,024 1,!70,467,65 "

R):@<

1,470,00,024 1,!70,467,65 "

1,470,00,024 3,440,547,62 3,440,547,62

67.6% 15.1% 15.1%

"705,73!,450 1,264,72,20 1,264,72,20

1 0.35153524 DIV0

8 12.00

2,175,1!,474

" " "

" " "

3,440,547,62

1,!40,505,631 3,433,342,4 "

1,470,00,024 1,!70,467,65 "

N8 R):@<

3,440,547,62



2,175,1!,474

1.5

1.5



E>:&:8

50%

25%

E>:&:8 T8:<

" "640,000,000

"440,000,000 "0,000,000

"202,500,000 "10,000,000

" "276,000,000" "406,000,000

" "164,000,000

"642,500,000 "3,176,000,000

"3,176,000,000

C9:8

40%

T8:<C9:8

" 1,01!,400,000

" 51,000,000

" !33,100,000

257,000,000 642,500,000

V<8 )8&)< < B&)<

V<8 8 < &)&&8

: T &):

<8

A8:&&Q)

.5'# 3'4' .1' .1'

C98: :8:< C>&:< < B&)< T&:

!1,736,42 305,7!,474 1

!1,736,42 305,7!,474 2

!1,736,42 305,7!,474 3

!1,736,42 305,7!,474 4 !1,736,42 305,7!,474 5

!1,736,42 305,7!,474 6



!1,736,42 305,7!,474 7

244,631,57! 152,!4,737

45,6,421 152,!4,737 !

45,6,421 152,!4,737 10

45,6,421 152,!4,737 11

45,6,421 152,!4,737 12

45,6,421 152,!4,737 13

45,6,421 152,!4,737 14 45,6,421 152,!4,737 15

1!,763,15 " 16

P:8 2

: T &):

<8

A8:&&Q)

P<8.5'# 3'4' .1' .1'

C98: :8:< C>&:< < B&)< T&:

113,00,000 257,000,000 1

177,330,000 1!2,750,000 2

4,10,000 1!2,750,000 3

14!,060,000 12,500,000 4

56,540,000 12,500,000 5

120,7!0,000 64,250,000 6

2,270,000 64,250,000 7

!2,520,000 "

273,400,000

170,500,000

41,000,000

4 B

7,211 7,4!! 7,7!! ,111

135,272 140,63 146,310 152,163

134,!4 140,33 145,!! 151,3

7,4!! 7,7!! ,111 ,435

!4,327,364 115,75,542 142,05,2 174,334,660

1,410,533,677 1,731,006,!2 2,124,2!1,702 2,606,!30,7771,3!,102,500 1,704,706,5 2,0!2,015,!24 2,567,321,!42

10,26! 12,117 14,2! 16,72

V<8 O>&Q) C8>



115,75,542 142,05,2 174,334,660 213,!43,4!5

7,!23,4!! !,723,717 11,!32,!46 14,644,111

7!,5!,!5! !7,672,7! 11!,64,057 147,0!7,17177,7!,740 !5,463,56! 117,152,!2 143,770,02!

575 67! 01 !45

!,723,717 11,!32,!46 14,644,111 17,!71,254

< P8:8

)4 B

134,!4 140,33 145,!! 151,3

41,076 4,46! 57,1!4 67,4!

5,544,562,643 6,04,27,275 ,350,221,344 10,247,3!1,634

"1,36,140,661 "1,701,071,1! "2,07,555,336 "2,561,47,!0

10,26! 12,117 14,2! 16,72

"77,623,77 "!5,260,022 "116,!03,0!! "143,463,43

575 67! 01 !45

"76!,!24,7!5 "!0,511,25 "1,072,043,25 "1,265,011,076

" " " "

"27,767,241 "32,765,344 "3,663,106 "45,622,465

"75,57!,472 "!,13,777 "105,236,57 "124,17!,4!1

"3!,761,374 "46,!1,422 "55,363,73 "65,32!,211

"12,15,650 "15,122,467 "17,44,511 "21,056,522

"25,466,!!6 "30,051,055 "35,460,245 "41,43,0!

"12,156,4!6 "151,224,665 "17,445,105 "210,565,224

" " " "

"112,33,3! "132,612,3!! "156,42,631 "14,64!,504

"26,!45,725 "31,7!5,!55 "37,51!,227 "44,272,6

" " " "

" " " "

"207,022,032 "244,25,!! "2,257,477 "340,143,23

"5!,14!,152 "6!,7!5,!!! "2,35!,27! "!7,13,!50

" " " "

" " " "

" " " "

" " " "

" " " "

"44,000,000 "44,000,000 "44,000,000 "44,000,000

"!5,10,000 "!5,10,000 "54,60,000 "54,60,000"27,600,000 "27,600,000 "27,600,000 "27,600,000

"47,557,143 "47,557,143 "47,557,143 "47,557,143



"12,300,000 "12,300,000 "12,300,000 "12,300,000

" " " "

" " " "

" " " "

"226,63,!5 "226,63,!5 " ""4,600,000 "4,600,000 " "

" " " "

" " " "

" " " "

" " " "

" " " "

" " " "

" " " "

" " " "

"22,!34,211 " " "

"45,6,421 " " "

" " " "" " " "

" " " "

" " " "

2,06!,102,114 2,7!7,767,05 3,!1,!50,306 4,!16,06,056

" " " "

2,06!,102,114 2,7!7,767,05 3,!1,!50,306 4,!16,06,056

"724,15,740 "!7!,21,470 "1,362,12,607 "1,720,630,120

1,344,!16,374 1,1,54,57 2,52!,767,6!! 3,1!5,455,!36

5,02,515,756 6,237,263,336 7,654,36!,566 10,247,3!1,634

376,504,!60 462,046,7 567,023,!40 6!5,51,77!

5,45!,020,716 6,6!!,310,223 ,221,3!3,505 10,!43,243,413

7,130,023 1,0,65,!64 1,336,035,415 1,63!,52,661

"1,234,216,!67 "1,514,631,062 "1,5,755,240 "2,606,!30,777

"143,673,!1 "176,316,710 "216,375,66 "265,536,463

"6!,641,214 "5,463,6! "104,1,050 "147,0!7,171

",106,65 "!,!4,745 "12,20!,100 "14,!3,007

"76!,!24,7!5 "!0,511,25 "1,072,043,25 "1,265,011,076

"27,767,241 "32,765,344 "3,663,106 "45,622,465

"75,57!,472 "!,13,777 "105,236,57 "124,17!,4!1

"3!,761,374 "46,!1,422 "55,363,73 "65,32!,211

"12,15,650 "15,122,467 "17,44,511 "21,056,522"25,466,!!6 "30,051,055 "35,460,245 "41,43,0!

"12,156,4!6 "151,224,665 "17,445,105 "210,565,224



"112,33,3! "132,612,3!! "156,42,631 "14,64!,504

"26,!45,725 "31,7!5,!55 "37,51!,227 "44,272,6

"207,022,032 "244,25,!! "2,257,477 "340,143,23

"5!,14!,152 "6!,7!5,!!! "2,35!,27! "!7,13,!50

" " " "

"44,000,000 "44,000,000 "44,000,000 "44,000,000

"!5,10,000 "!5,10,000 "54,60,000 "54,60,000

"27,600,000 "27,600,000 "27,600,000 "27,600,000

" 47,557,143 " 47,557,143 " 47,557,143 " 47,557,143

"12,300,000 "12,300,000 "12,300,000 "12,300,000

"226,63,!5 "226,63,!5

"4,600,000 "4,600,000

"22,!34,211

"45,6,421

" " " "

"724,15,740 "!7!,21,470 "1,362,12,607 "1,720,630,120

" 34,012,737 " 1,00,67,21 " 1,363,!11,441 " 1,!7,325,774

703,514,26

"7,130,023 "1,0,65,!64 "1,336,035,415 "1,63!,52,661

226,637,143 226,637,143 16,137,143 16,137,143

231,23,!5 231,23,!5 " "



"152,!4,737

"76,447,36

"76,447,36

6,530,63!,501 7,72,07,140 !,456,7!6,247 13,4!7,640,755

4 B

2,151,0!6,!5 1,!64,356,177 1,77,723,!4 1,!33,037,00

E9&>8 T8:<

:)>8:

123,000,000

"77,!00,00045,100,000

45,100,000



"45,100,000 C9)8 Y&: 9) >]&, ]:

" 8:& A:.11 +ORTI', <8

" &><& 9 ; 8);:& )

" :8 ; &&)9& < 9:&<& <8

" 9) H88 8 >=8 )8 &

" >:&&>&?) :@8 8

45,100,000 < ):. E< H88 8 >=8 )45,100,000 B:8 &)=8 B:&;8

" 0

" "

" "0

45,100,000 703,514,26

45,100,000 703,514,26 703,514,26

45,100,000

"

"

45,100,000



152,!4,737 100%

145,250,000 !5%

30% P=8 >8 :&:

A):&&>8 8@ <8

50% <8 2 8

50% <8 4 8

.2' .3' .4' .5'# 3'4' .1'

C>&:< < &)&&8 I): A8:&&Q) C98: :8:< C>&:< < B&)<

152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 45,6,421 152,!4,737152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 45,6,421 152,!4,737



152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 76,447,36 122,315,7! 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 22,!34,211 76,447,3676,447,36 22,!34,211 22,!34,211 76,447,36

76,447,36 22,!34,211 76,447,36 !!,31,57! "

12,500,000

44% P=8 >8 :&:

A):&&>8 8@ <8

S: ;)&8

2 8.2' .3' .4' .5'# 3'4' .1'

C>&:< < &)&&8 I): A8:&&Q) C98: :8:< C>&:< < B&)<

12,500,000 56,540,000 56,540,000 12,500,000

12,500,000 56,540,000 32,125,000 ,665,000 !6,375,000

!6,375,000 42,405,000 42,405,000 !6,375,000

!6,375,000 42,405,000 32,125,000 74,530,000 64,250,000

64,250,000 2,270,000 2,270,000 64,250,000

64,250,000 2,270,000 32,125,000 60,3!5,000 32,125,000

32,125,000 14,135,000 14,135,000 32,125,000

32,125,000 14,135,000 32,125,000 46,260,000 "



"30,000,000

"475,!00,000

"1!3,200,000

"24,15,714

"77,!00,000

.""" REVISAR E+ CA+CU+O DE+ VA+OR RESIDUA+



> 8:) 8>&8) < &)&8 < >8:8

&): : 8&) =) B:&;8.

E: 9> < B&)< < >8:8

."""" E< >&:< :@8 )8 &)8 < :&;8 8&):



9<

) =:8 B9:98,

< &><&

>9:8, :):8

&>9:8

:&) 9)



V<8 )8&)< < B&)< 152,!4,737 100%

V<8 8 < &)& 145,250,000 !5%

T &): 30% P=8 >8 :&:

A):&&>8 8@ <8

A8:&&Q) 50% <8 2 8

50% <8 4 8

.1' .2' .3' .4' .5'# 3'4' .1'

T&: C>&:< < &)&&8 I): A8:&&Q) C98: :8:< C>&:< < B&)<

1 152,!4,737 45,6,421 45,6,421 152,!4,737

2 152,!4,737 45,6,421 45,6,421 152,!4,737

3 152,!4,737 45,6,421 45,6,421 152,!4,737

4 152,!4,737 45,6,421 45,6,421 152,!4,7375 152,!4,737 45,6,421 45,6,421 152,!4,737

6 152,!4,737 45,6,421 45,6,421 152,!4,737



7 152,!4,737 45,6,421 45,6,421 152,!4,737

152,!4,737 45,6,421 76,447,36 122,315,7! 76,447,36

! 76,447,36 22,!34,211 22,!34,211 76,447,36

10 76,447,36 22,!34,211 22,!34,211 76,447,36

11 76,447,36 22,!34,211 22,!34,211 76,447,36

12 76,447,36 22,!34,211 22,!34,211 76,447,36

13 76,447,36 22,!34,211 22,!34,211 76,447,36

14 76,447,36 22,!34,211 22,!34,211 76,447,3615 76,447,36 22,!34,211 22,!34,211 76,447,36

16 76,447,36 22,!34,211 76,447,36 !!,31,57! "

P:8 3 257,000,000

T &): 44% P=8 >8 :&:

A):&&>8 8@ <8

A8:&&Q) S: ;)&8

P<8 2 8.1' .2' .3' .4' .5'# 3'4' .1'

T&: C>&:< < &)&&8 I): A8:&&Q) C98: :8:< C>&:< < B&)<

1 257,000,000 113,00,000 113,00,000 257,000,000

2 257,000,000 113,00,000 64,250,000 177,330,000 1!2,750,000

3 1!2,750,000 4,10,000 4,10,000 1!2,750,000

4 1!2,750,000 4,10,000 64,250,000 14!,060,000 12,500,000

5 12,500,000 56,540,000 56,540,000 12,500,000

6 12,500,000 56,540,000 64,250,000 120,7!0,000 64,250,000

7 64,250,000 2,270,000 2,270,000 64,250,000

64,250,000 2,270,000 64,250,000 !2,520,000 "

Ejercicios-capitulo 7 - Confecciones Picadilly s.a.

Documents

Transcript of Ejercicios-capitulo 7 - Confecciones Picadilly s.a.