EJERCICIO N 2: FLUJO DE CAJA ECONMICO - FINANCIERO

Datos
La empresa proyecta las siguientes ventas:
Ao
Ene
Feb
Ao 1
2,000.00
2,040.00
Ao 2
2,530.00
2,580.00
Ao 3
3,201.00
3,265.00
Ao 4
4,053.00
4,134.00
Ao 5
5,134.00
5,236.00
El precio es de
$20.00
FOB x caja
Se sabe que las ventas son con 30 das de crdito

Mar
2,080.00
2,631.00
3,330.00
4,216.00
5,340.00

Abr
2,121.00
2,683.00
3,396.00
4,300.00
5,446.00

May
2,163.00
2,736.00
3,463.00
4,386.00
5,554.00

Las compras se realizan segn lo que se planea vender en el mes

El costo por caja es de
$8.00
(costo total, no incluye IGV)
Los proveedores no dan crdito el primer ao, y en el 2do ao dan 30 das de crdito
Los gastos administrativos son los siguientes
Planilla
$4,000.00
Aumenta
Luz,agua,telf
$3,000.00
Sin IGV
Alquiler
$3,200.00
Sin IGV
Otros
$1,500.00
Sin IGV

La empresa adquiere al inicio un prstamo de

Ao 1
Ao 2
Inters
$11,200.00
$6,287.72
Amortizacin
$17,543.86 $22,456.14
Cuota
$28,743.86 $28,743.86

10%

$40,000.00
Ao 3

x ao

Los gastos de ventas son los siguientes

Pgina web
Misiones comerciales
Ferias
Gastos de export.

a
Ao 4

2
Ao5

PRESUPUESTO DE RESULTADOS
Ppto de ventas
Ao 1
26,795.00
$20.00
535,900.00

Ao 2
33,890.00
$20.00
677,800.00

Ao 3
42,902.00
$20.00
858,040.00

Ao 1
26,795.00
$8.00
214,360.00

Ao 2
33,890.00
$8.00
271,120.00

Ao 3
42,902.00
$8.00
343,216.00

Ao 4
54,333.00
$8.00
434,664.00

Ao5
68,815.00
$8.00
550,520.00

Ppto de gastos administrativos

Ao 1
Planilla
$4,000.00
Depreciacin
$1,200.00

Ao 2
$4,400.00
$1,200.00

Ao 3
$4,840.00
$1,200.00

Ao 4
$5,324.00
$1,200.00

Ao5
$5,856.40
$400.00

Cantidad
Precio
TOTAL

Ao 4
Ao5
54,333.00
68,815.00
$20.00
$20.00
1,086,660.00 1,376,300.00

Ppto de compras
Cantidad
Costo
TOTAL

Luz,agua,telf
Alquiler
Otros
Amort. Intangible
TOTAL

$3,000.00
$3,200.00
$1,500.00
$400.00
13,300.00

$3,000.00
$3,200.00
$1,500.00
$400.00
13,700.00

$3,000.00
$3,200.00
$1,500.00
$400.00
14,140.00

$3,000.00
$3,200.00
$1,500.00
$400.00
14,624.00

$3,000.00
$3,200.00
$1,500.00
$400.00
14,356.40

Ao 1
$350.00
$4,000.00
$6,500.00
$20,096.25
30,946.25

Ao 2
$350.00
$4,000.00
$6,500.00
$25,417.50
36,267.50

Ao 3
$350.00
$4,000.00
$6,500.00
$32,176.50
43,026.50

Ao 4
$350.00
$4,000.00
$6,500.00
$40,749.75
51,599.75

Ao5
$350.00
$4,000.00
$6,500.00
$51,611.25
62,461.25

Ao 1
$11,200.00
11,200.00

Ao 2
$6,287.72
6,287.72

Ao 3
$0.00
-

Ao 4
$0.00
-

Ao5
$0.00
-

Ao 1
$400.00
$800.00
$400.00

Ao 2
$400.00
$800.00
$400.00

Ao 3
$400.00
$800.00
$400.00

Ao 4
$400.00
$800.00
$400.00

Ao5
$400.00

Ppto de gastos de ventas

Pgina web
Misiones comerciales
Ferias
Gastos de export.
TOTAL
Ppto de gastos financieros
Intereses
TOTAL

Depreciacin
Muebles
Computadoras
Intangible

Valor residual

$400.00

$2,000.00

ESTADO DE RESULTADOS AO 1- 5

VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA

Ao 1
535,900.00
214,360.00
321,540.00

Ao 2
677,800.00
271,120.00
406,680.00

Ao 3
858,040.00
343,216.00
514,824.00

Ao 4
1,086,660.00
434,664.00
651,996.00

Ao5
1,376,300.00
550,520.00
825,780.00

GASTOS ADMINIST
GASTOS VENTAS
UTILIDAD OPERATIVA

13,300.00
30,946.25
277,293.75

13,700.00
36,267.50
356,712.50

14,140.00
43,026.50
457,657.50

14,624.00
51,599.75
585,772.25

14,356.40
62,461.25
748,962.35

INTERESES
UTILIDAD ANTES DE IR

$11,200.00
266,093.75

$6,287.72
350,424.78

$0.00
457,657.50

$0.00
585,772.25

$0.00
748,962.35

IMPUESTO RENTA
UTILIDAD NETA

79,828.13
186,265.63

105,127.43
245,297.35

137,297.25
320,360.25

175,731.68
410,040.58

224,688.71
524,273.65

Jun
2,206.00
2,790.00
3,532.00
4,473.00
5,665.00

Jul
2,250.00
2,845.00
3,602.00
4,562.00
5,778.00

os de ventas son los siguientes

Pgina web
Misiones comerciales
Ferias
Gastos de export.

aos

Ago
2,295.00
2,901.00
3,674.00
4,653.00
5,893.00

$350.00
$4,000.00
$6,500.00
$0.75

Sep
2,340.00
2,959.00
3,747.00
4,746.00
6,010.00

Sin IGV
Sin IGV
Sin IGV
Sin IGV
Sin IGV x caja

a una tasa (TEA) del

28% anual

Oct
2,386.00
3,018.00
3,821.00
4,840.00
6,130.00

Nov
2,433.00
3,078.00
3,897.00
4,936.00
6,252.00

La estructura de inversin es la siguiente

Muebles
Computadoras
Licencias
Gastos notariales
Libros contables+legaliz
otros gastos pre-operativos
Caja y bancos
Inventario
Total

PRESUPUESTO DE CAJA
Ppto de ingreso x ventas
Ao 2
33,232.00
$20.00
664,640.00

Ao 3
42,067.00
$20.00
841,340.00

Ao 4
53,273.00
$20.00
1,065,460.00

Ao 2
30,751.00
$9.44
290,289.44

Ao 3
42,067.00
$9.44
397,112.48

Ao 4
53,273.00
$9.44
502,897.12

Ppto de egresos por gastos de administracin

Ao 1
Ao 2
Planilla
$4,000.00
$4,400.00
Depreciacin
0
0

Ao 3
$4,840.00
0

Ao 4
$5,324.00
0

Cantidad
Precio
TOTAL

Ao 1
24,314.00
$20.00
486,280.00

Ppto de egresos x compras

Cantidad
Costo
TOTAL

Ao 1
26,795.00
$9.44
252,944.80

Luz,agua,telf
Alquiler
Otros
Amort. Intangible
TOTAL

10
4
5

$3,540.00
$3,776.00
$1,770.00
0
13,086.00

$3,540.00
$3,776.00
$1,770.00
0
13,486.00

$3,540.00
$3,776.00
$1,770.00
0
13,926.00

$3,540.00
$3,776.00
$1,770.00
0
14,410.00

Ppto de egresos por gastos de ventas

Ao 1
Pgina web
$413.00
Misiones comerciales
$4,720.00
Ferias
$7,670.00
Gastos de export.
$23,713.58
TOTAL
36,516.58

Ao 2
$413.00
$4,720.00
$7,670.00
$29,992.65
42,795.65

Ao 3
$413.00
$4,720.00
$7,670.00
$37,968.27
50,771.27

Ao 4
$413.00
$4,720.00
$7,670.00
$48,084.71
60,887.71

Ppto de egresos x financiamiento

Ao 1
Intereses
$11,200.00
Amortizacin
$17,543.86
TOTAL
28,743.86

Ao 2
$6,287.72
$22,456.14
28,743.86

Ao 3
$0.00
$0.00
-

Ao 4
$0.00
$0.00
-

Ao 1
$38,584.80
$1,386.00
$5,570.33

Ao 2
$48,801.60
$1,386.00
$6,528.15

Ao 3
$61,778.88
$1,386.00
$7,744.77

Ao 4
$78,239.52
$1,386.00
$9,287.96

45,541.13

56,715.75

70,909.65

88,913.48

Cuadro IGV
IGV compras
IGV Administ.
IGV gastos ventas
TOTAL CRDITO
FISCAL

Imp renta sin deuda

Imp renta con deuda
Escudo fiscal

Ao 1
83,188.13
$79,828.13
$3,360.00

Ao 2
107,013.75
$105,127.43
$1,886.32

Ao 3
137,297.25
$137,297.25
-

Ao 4
175,731.68
$175,731.68
-

FLUJO DE CAJA ECONMICO - FINANCIERO AO 1 - 5

Ao 0
Ingreso ventas
Crdito fiscal
Valor residual
TOTAL INGRESOS
Inversin
Compras
Gasto Administ
Gasto ventas
IR (sin deuda)
TOTAL EGRESOS
FLUJO ECONMICO
Prstamo
Cuota

0.00

Ao 1
486,280.00
45,541.13

Ao 2
664,640.00
56,715.75

Ao 3
841,340.00
70,909.65

531,821.13

721,355.75

912,249.65

252,944.80
13,086.00
36,516.58
83,188.13
385,735.50
146,085.63

290,289.44
13,486.00
42,795.65
107,013.75
453,584.84
267,770.91

397,112.48
13,926.00
50,771.27
137,297.25
599,107.00
313,142.65

28,743.86

28,743.86

0.00

70,266.67

70,266.67
-70,266.67
40,000.00

Escudo fiscal
FLUJO FINANCIERO

-30,266.67

3,360.00
120,701.77

1,886.32
240,913.37

0.00
313,142.65

Dic
2,481.00
3,139.00
3,974.00
5,034.00
6,377.00

e inversin es la siguiente
$4,000.00
$3,200.00
$150.00
$300.00
$50.00
$1,500.00
$12,106.67
$48,960.00
$70,266.67

Ao 5
67,472.00
$20.00
1,349,440.00

Ao5
67,472.00
$9.44
636,935.68

Ao5
$5,856.40
0

2%
2%
2%
2%
2%

$3,540.00
$3,776.00
$1,770.00
0
14,942.40

Ao5
$413.00
$4,720.00
$7,670.00
$60,901.28
73,704.28

Ao5
$0.00
$0.00
Ao5
$99,093.60
$1,386.00
$11,243.03
111,722.63
Ao5
224,688.71
$224,688.71
INANCIERO AO 1 - 5
Ao 4
1,065,460.00
88,913.48
1,154,373.48

Ao5
1,349,440.00
111,722.63
63,066.67
1,524,229.29

502,897.12
14,410.00
60,887.71
175,731.68
753,926.50
400,446.98

636,935.68
14,942.40
73,704.28
224,688.71
950,271.06
573,958.23

0.00

0.00

0.00
400,446.98

0.00
573,958.23