tag:blogger.com,1999:blog-76780660338079792582024-03-16T03:08:28.976-04:00SOY INGENIERO INDUSTRIALApuntes de lo que curse mientras estaba en la Facultad de IngenieríaIngeniero Hugohttp://www.blogger.com/profile/11333717004364773877noreply@blogger.comBlogger1019125tag:blogger.com,1999:blog-7678066033807979258.post-78284186517090874852022-06-29T21:19:00.004-04:002022-06-29T21:19:30.634-04:00Evaluación del Proyecto - Bibliografía<p> 1. Flores Chávez Rubén. Gestión de Residuos sólidos Industriales en la ciudad de El Alto. Proyecto de Grado (Licenciatura en Ingeniería Industrial). La Paz, Bolivia, Universidad Mayor de San Andrés, Facultad de Ingeniería,2003. </p><p>2. Hill Ch. Jones. Administración Estratégica. Tercera edición Santafé de Bogotá, McGraw Hill 1995 . </p><p>3. Benjamín Niebel. Ingeniería Industrial Métodos Tiempos y Movimientos. Novena edición. México, Alfaomega.1993, Pág.316-317. </p><p>4. Reyes Ponce. Administración de Personal Sueldos y Salarios. México, Limusa 1980. Pág.57-59</p><p>5. Rubin Irvin Materiales plásticos Propiedades y aplicaciones. Segunda edición. México Editorial Limusa. 1999. Pág. 41-44, 77-80.</p><p>6. EFPIS/ OPS / ORTS(2002) Reciclado Químico de Plásticos . En línea (Septiembre 2004) .www recicladoquimico .com.mex.</p><p>7. Grimaldi Simonds. La Seguridad Industrial. México. Ediciones Alfaomega Páginas 18-25.</p><p>8. Consejo interamericano de Seguridad. Practiguias para la protección personal. Englewood. EUA.</p><p>9. Asociación Departamental de la Industria Plástica- ADIPLAST. La Industria Plástica en Bolivia. Año 1 Número 1. La Paz. Septiembre 1998.</p><p>10. Instituto Nacional de Estadísticas INE - Bolivia. . "Anuario Estadístico 2002". (2004). La Paz. Ofset color.</p><p>11. Instituto Nacional de Estadística. Síntesis Estadística de Bolivia (1999-2004) La Paz, mayo 2004. Web Site: www.ine.gov.bo</p><p>12. Instituto Nacional de Estadísticas INE - Bolivia. (1999). “Encuesta manufactura 1988-1998”. La Paz.</p><p>13. Consejo Internacional de Seguridad. Manual para Controlar Los Accidentes. México. Editado por CIS.</p><p>14. INE-UDAPE- IBCE. Compendio Estadístico de Comercio Exterior. Bolivia 1998-2002. La Paz. Septiembre 2003.Pág.142-149.</p><p>15. Oficina Internacional del Trabajo. Introducción al Estudio del Trabajo. Cuarta edición revisada. México, Editorial LIMUSA 1996, Páginas; 17, 18, 84,96</p><p>16.Lee Krajewski- Larry Ritzman. Administración de Operaciones Estrategia y Análisis. Quinta edición. México, Pearson Educación.2000, Pág. 214, 228, 229,234, 258 y 259. </p><p>17. Dale Besterfield. Control de Calidad. Prentice Hall- Hispanoamérica. Cuarta edición Mexico 1994 Pag. 15-16 </p><p>18. DUNCAN Acheson J. Control de Calidad y Estadística Industrial</p><p>19. Chiavenato I. Iniciación a la planeación y el control de la producción.Segunda Edición. México D.F.: McGraw-Hill .1994. </p><p>20. Riggs. Sistemas de Producción.</p><p>21. Maddala G. S. . Econometria. Madrid. McGraw - Hill,1985.</p><p>22. Damodar Gujarati. Econometria. Segunda edición. Colombia, McGraw - Hill,1986. </p><p>23. Kinnear T. y Taylor J. Investigación de Mercados. Un enfoque aplicado. Cuarta edición México. McGraw - Hill,1994. </p><p>24. Biegel John E.. Control de Producción , Procedimiento cuantitativo.</p><p>25. Oscar Gomez .Contabilidad de Costos.</p><p>26. Karen Marie Mokate. Evaluación financiera de Proyectos de inversión 1era. Edición, 1999.Ediciones Uniandes. Santa Fé de Bogotá D.C. Colombia </p><p>27. José Castro Ordóñez. Guía Metodológica de preparación y evaluación de Proyectos de Desarrollo Local. 1era. Edición, 1997.Ediciones Efigraf. La Paz Bolivia. </p><p>28. Baca Urbina Gabriel. Evaluación de proyectos. Cuarta edición. México. McGraw - Hill.2000.</p><p>29. Wittmann do Brasil Ltda.(en línea). Maquinaría Molino MC. (fecha de consulta Diciembre 2004). Disponible en < http:// www.wittmann.com.br/></p><p>30. Ningbo Huare Machinery Manufacturing Co.,Ltd. (en línea) Hopper Dryer HHD-75ET.(Fecha de consulta Marzo 2005). Disponible en http://www.chinahuare.com/</p><p>31. Instituto Mexicano del Plástico. Enciclopedia del plástico 2000. México, 2000, Tomo I-II-III.</p><p>32. Juan Antonio Cariaga. Manejo y reciclaje de los residuos de envases y Embalajes. México. Edigraf Watson-Gómez, 1993</p><p>33. Hellerich-Harsch-Haenle, Hanser. Guía de Materiales Plásticos. Publishers.1989</p><p>34. Programa de Cooperación Técnica en Seguridad Industrial y Salud Ocupacional en Bolivia (SISO Bolivia)- SIMBIOSIS S.R.L. Procedimientos y planillas: 1)Procedimiento para la identificación de peligros,2) Procedimiento para la evaluación de Condiciones generales de los factores de Riesgo,3)Planilla para la identificación de peligros y estimación de riesgos. </p><div><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-44357462696614345572022-05-16T21:09:00.001-04:002022-05-16T21:09:11.570-04:00Conclusiones del Capitulo Evaluación Cuantitativa<p style="text-align: justify;"> El presente capitulo muestra la factibilidad de la implementación de las propuestas enunciadas en los capítulos del proyecto. Se debe destacar la rentabilidad del proyecto al presentar un valor actual neto diferencial de $us 5475, una tasa interna de retorno de 22,2% y una relación Beneficio costo de 1,037. Además de los beneficios cuantitativos anteriormente mencionados, el producto de la gestión de producción también se traduce en beneficios cualitativos para la empresa, expuestos en los capítulos de Seguridad Industrial, Ingeniería de Métodos, Control de Calidad y Planeamiento y control de la Producción. </p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-23461513714315281032022-03-28T20:30:00.001-04:002022-03-28T20:30:26.232-04:00Cronograma de actividades<p> El cronograma de actividades de la puesta en marcha del proyecto se presenta en el anexo G-7, donde se presenta el diagrama de Gant del proyecto.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-22271134495401002012022-03-23T20:54:00.003-04:002022-03-23T20:54:21.335-04:00Seguridad Industrial<h3 style="text-align: left;"> a)<span style="white-space: pre;"> </span>Comité Mixto;</h3><p> Se establecieron criterios para la conformación de un comité permanente de seguridad industrial para la línea, cuya organización y función se halla distribuida, además de sus funciones y obligaciones.</p><h3 style="text-align: left;">b)<span style="white-space: pre;"> </span>Identificación, valoración y control de riesgos;</h3><p> Se identificaron los peligros y se valoraron los riesgos en la línea, proponiendo medidas para su control .Este hecho se constituye en la base de las acciones a seguir para mejorar las condiciones de trabajo de los operarios.</p><h3 style="text-align: left;">c)<span style="white-space: pre;"> </span>Plan de emergencias;</h3><p> El plan de contingencias ó emergencias con la participación del comité de seguridad industrial, establece pautas de procedimientos a seguir en caso de accidentes laborales e incendios.</p><h3 style="text-align: left;">d)<span style="white-space: pre;"> </span>Plan de capacitación;</h3><p> En concordancia con las necesidades de la empresa se estableció un listado de los requerimientos de capacitación, con lo cual el personal estará preparado para asumir acciones durante un siniestro.</p><div><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-18668760218532072752022-03-18T21:30:00.010-04:002022-03-18T21:30:59.862-04:00Evaluación cualitativa - 3 Planeamiento y control de la producción<h3 style="text-align: left;"><b> a)<span style="white-space: pre;"> </span>Plan de producción;</b> </h3><p>A partir de los planes de producción de los politubos se puede establecer los planes de requerimientos de materiales para todos los materiales que intervienen en el proceso de producción.</p><h3 style="text-align: left;">b)<span style="white-space: pre;"> </span>Programa de producción; </h3><p>El conocimiento de la cantidad a producir no es suficiente, por lo que es importante haber establecido criterios de programación de producción para cubrir la demanda de los politubos, determinando en base a las horas - hombre ordinarias disponibles, el tiempo del mes en que la planta se mantendría parada o tuviese que trabajar horas extras.</p><h3 style="text-align: left;">c)<span style="white-space: pre;"> </span>Control de inventarios; </h3><p>El sistema de inventarios para Master Bach permitirá a la empresa tener un mejor control acerca de los costos y cantidad de inventario, necesario para cumplir con el programa de producción. </p><div><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-53820145153979565042022-02-22T22:00:00.004-04:002022-02-22T22:00:30.955-04:00Evaluación cualitativa - Control de Calidad <p style="text-align: justify;"> a)<span style="white-space: pre;"> </span>El empleo de graficas de control durante el proceso de producción y para el producto terminado permite contar con un método estadístico para la determinación de variaciones significativas en las variables más importantes en los politubos, así como los cursos de acción en caso de que estas variaciones sean significativas.</p><p style="text-align: justify;">b)<span style="white-space: pre;"> </span>Se estableció un plan de muestreo por variables para el espesor de pared de los politubos de ½” y ¾”, con el fin de realizar un control adecuado de esta variable y así asegurarse que el producto terminado cuenta con las condiciones de calidad exigidas por el cliente.</p><div style="text-align: justify;"><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-42432512309123192542022-02-19T20:02:00.004-04:002022-02-19T20:02:21.761-04:00Evaluación cualitativa - Ingeniería de Métodos<h3 style="text-align: justify;"> a)<span style="white-space: pre;"> </span>Gráficos y diagramas de Proceso; </h3><p style="text-align: justify;">Con la elaboración de los cursogramas analíticos y sinópticos, y diagramas de recorrido la gerencia de producción cuenta con herramientas de análisis que permiten realizar mejoras continuas en el proceso de producción.</p><h3 style="text-align: justify;">b)<span style="white-space: pre;"> </span>Control de máquinas; </h3><p style="text-align: justify;">Con el muestreo del trabajo se pudo establecer aproximadamente el porcentaje de tiempos muertos de las maquinas en la producción de los politubos, este dato permitirá tomar acciones sobre la maquinaría para mejorar ese porcentaje.</p><h3 style="text-align: justify;">c)<span style="white-space: pre;"> </span>Análisis de la situación salarial;</h3><p style="text-align: justify;"> Si bien este análisis corresponde al capitulo tres del proyecto, la evaluación y calificación de los puestos de producción, permite asignar un operario calificado al centro de trabajo y considerar una tasa base adecuada de remuneración que es el resultado de comparar los salarios de la línea con los salarios de empresas del subsector industrial. </p><div><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-18408332319086146652022-02-15T22:05:00.003-04:002022-02-15T22:05:22.392-04:00Costos de producción o fabricación - Evaluación cualitativa<p> Los beneficios intangibles del proyecto para la línea y que no se pueden cuantificar se los describe y ordena en función al alcance del presente trabajo.</p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-27065720606591622492022-01-23T22:25:00.005-04:002022-01-23T22:25:20.958-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Evaluación del proyecto por medio de indicadores ínter temporales - Relación Beneficio Costo (BYC) La relación beneficio costo, resulta de la actualización de las ventas con los costos totales y el capital invertido. Si la relación BYC es mayor a la unidad se dice que el proyecto es factible: <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh2vrJCw-Ylp_LxW19ahNY8vfpm4mHwoza9NxQXuOO7Ec6n2o2NH5xVX8T50IMpCDqPoZOENmObe61q7NatPGuTYuqfHFvnQhC0t9Ei76fPH3DV96Rjw4fsrByR6vfHnBOjk9n3z4__PTyocoBZtME4NUg3CtU8Y28oneGOnJWvULfjl_CifSNzK1El=s653" style="margin-left: 1em; margin-right: 1em;"><img alt="Evaluación del proyecto por medio de indicadores ínter temporales - Relación Beneficio Costo (BYC)" border="0" data-original-height="92" data-original-width="653" height="56" src="https://blogger.googleusercontent.com/img/a/AVvXsEh2vrJCw-Ylp_LxW19ahNY8vfpm4mHwoza9NxQXuOO7Ec6n2o2NH5xVX8T50IMpCDqPoZOENmObe61q7NatPGuTYuqfHFvnQhC0t9Ei76fPH3DV96Rjw4fsrByR6vfHnBOjk9n3z4__PTyocoBZtME4NUg3CtU8Y28oneGOnJWvULfjl_CifSNzK1El=w400-h56" title="Evaluación del proyecto por medio de indicadores ínter temporales - Relación Beneficio Costo (BYC)" width="400" /></a></div><div>Donde:</div><div>Vt : Son las ventas en el periodo t.</div><div>Ct: Costo total en el periodo t.</div><div>La relación beneficio costo es superior a la unidad por tanto el proyecto es factible. </div><div><br /></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-77540945726616584502022-01-19T21:29:00.007-04:002022-01-19T21:29:47.343-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Evaluación del proyecto por medio de indicadores ínter temporales - Valor actual neto (VAN) <p> Se llama VAN cuando el indicador 𝞺ka > 1, pero a una determinada tasa de corte (i), que en nuestro caso es 13,6%.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiD_cqsFnBAk_8P0HmTQXlb1gGit00doIO_A3q8iozERHtoNa5uldqwObjaBollvKmlOvlbiq_5MFI9mZJGFYgrGRjDToZ_t0c2zcZIt_hXWp39RH1nGq4rgeYz5D1RTOJeHTo8jIrqcAoCdEx7PLmOqLFZOLZCQxpGGqqAqC3n2lAsZkGJKOaQIFe-=s356" style="margin-left: 1em; margin-right: 1em;"><img alt="pka" border="0" data-original-height="79" data-original-width="356" height="89" src="https://blogger.googleusercontent.com/img/a/AVvXsEiD_cqsFnBAk_8P0HmTQXlb1gGit00doIO_A3q8iozERHtoNa5uldqwObjaBollvKmlOvlbiq_5MFI9mZJGFYgrGRjDToZ_t0c2zcZIt_hXWp39RH1nGq4rgeYz5D1RTOJeHTo8jIrqcAoCdEx7PLmOqLFZOLZCQxpGGqqAqC3n2lAsZkGJKOaQIFe-=w400-h89" title="pka" width="400" /></a></div><div><br /></div><div>El valor actual neto es:</div><div style="text-align: center;"><b><span style="font-size: medium;">VAN = (1,19-1,00)*12704($US) = 2414($us) </span></b></div><div style="text-align: center;"><b><span style="font-size: medium;"><br /></span></b></div><div> Al ser la rentabilidad 𝞺ka > 1el proyecto es factible.</div><p><br /></p>
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-33049713481793827242022-01-14T21:58:00.002-04:002022-01-14T21:58:12.072-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Evaluación del proyecto por medio de indicadores ínter temporales - Tasa interna de retorno (TIR) <p> Es un indicador económico, que proporciona la rentabilidad del proyecto en un espacio temporal.</p><p>Cuando el Retorno respecto al capital es igual a la unidad, entonces la tasa de oportunidad es la tasa interna de retorno:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjsIp4Pxuihpr2BfzLgHJEDnZOq8gGe4Rsc5Y0V_clQdh5TTMF7yhhuoWXXUPujAUHU-ldFILM6qwycyufp1lAIjUjShfzDJKpGqf_uiHQ3yCgDtuh_Y9skC8inb6XMXzf5c38Fxvq9O5frlJfw3a-iNHhnmaV49yh9tflx6zkKbLUhPMa508GKXTfy=s477" style="margin-left: 1em; margin-right: 1em; outline-width: 0px !important; user-select: auto !important;"><img alt="Tasa Interna de Retorno" border="0" data-original-height="371" data-original-width="477" height="311" src="https://blogger.googleusercontent.com/img/a/AVvXsEjsIp4Pxuihpr2BfzLgHJEDnZOq8gGe4Rsc5Y0V_clQdh5TTMF7yhhuoWXXUPujAUHU-ldFILM6qwycyufp1lAIjUjShfzDJKpGqf_uiHQ3yCgDtuh_Y9skC8inb6XMXzf5c38Fxvq9O5frlJfw3a-iNHhnmaV49yh9tflx6zkKbLUhPMa508GKXTfy=w400-h311" title="Tasa Interna de Retorno" width="400" /></a></div><br /><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi5KHgKoN_P_LktVDIPF3V_PZnuHafx3-IXaevZOGpNuLDS-cBdWvNZh8xKxn1qbIUYEqCCFsXIuCSanV1UoZ9WvcCsX8aAYlqPnm7oqZlSxl1rCGwO4oQURb_uChulW_dGht5NOXcIcC83f8CvxeIuLTLLdH3qQzRtEwqiTBUF4l5BV7n5uins097g=s379" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="41" data-original-width="379" height="35" src="https://blogger.googleusercontent.com/img/a/AVvXsEi5KHgKoN_P_LktVDIPF3V_PZnuHafx3-IXaevZOGpNuLDS-cBdWvNZh8xKxn1qbIUYEqCCFsXIuCSanV1UoZ9WvcCsX8aAYlqPnm7oqZlSxl1rCGwO4oQURb_uChulW_dGht5NOXcIcC83f8CvxeIuLTLLdH3qQzRtEwqiTBUF4l5BV7n5uins097g=s320" width="320" /></a></div><br /><p class="MsoNormal" style="line-height: 150%; margin-left: 18.0pt; text-align: justify;"><span style="font-size: 11pt;">La TIR es la
tasa de actualización que aplicada a los resultados futuros iguala a las
inversiones actualizadas.</span></p>
<p class="MsoNormal" style="line-height: 150%; margin-left: 18.0pt; text-align: justify;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;">Con los datos
del cuadro 9-24<span style="mso-spacerun: yes;"> </span>se determina la tasa
interna de retorno:<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 150%; margin-left: 18.0pt; text-align: center;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;">TIR <sub>(INCREMENTAL)</sub>
=17,01%<o:p></o:p></span></i></b></p>
<p class="MsoNormal" style="line-height: 150%; margin-left: 18.0pt; text-align: justify;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;">Considerando
los resultados durante la vida útil del proyecto<span style="mso-spacerun: yes;"> </span>(utilidad bruta) y la inversión realizada en
el periodo cero que asciende a 12704($us), el proyecto es factible al ser
la<span style="mso-spacerun: yes;"> </span>TIR<span style="mso-spacerun: yes;">
</span>superior a<span style="mso-spacerun: yes;"> </span>la tasa de interés de
corte identificada en la evaluación financiera del proyecto.<o:p></o:p></span></p><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-6439174842467550032022-01-09T21:55:00.000-04:002022-01-09T21:55:02.159-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Evaluación del proyecto por medio de indicadores ínter temporales<p style="text-align: justify;"> “Las inversiones en una empresa industrial rinden sus frutos únicamente con el transcurso del tiempo por ello en la formulación y evaluación de proyectos suponen una opción ínter temporal”*. </p><p style="text-align: justify;">“Cualquier indicador simple se lo puede ínter-temporalizar aplicando una cierta tasa de actualización para todos los periodos de la opción ínter temporal, lo cual se conoce bajo la denominación de determinar los valores actuales”*</p><p style="text-align: justify;">En el cuadro 9-24 se presenta un resumen de los datos necesarios para la determinación de los indicadores ínter temporales obtenidos a partir del estado de resultados diferencial. </p><div><p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI" style="text-align: center;"><b><a name="_Toc475619808"><span lang="ES-BO">Cuadro 9-24</span></a><span lang="ES-BO"><o:p></o:p></span></b></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2" style="text-align: center;"><a name="_Toc475708880"><span lang="ES-BO"><b>Línea de Politubos: Cuentas del estado de
resultados diferencial</b></span></a><span lang="ES-BO"> <o:p></o:p></span></p>
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<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">RUBROS<o:p></o:p></span></b></p>
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<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">2006<o:p></o:p></span></b></p>
</td>
<td nowrap="" style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2007<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2008<o:p></o:p></span></b></p>
</td>
<td nowrap="" style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2009<o:p></o:p></span></b></p>
</td>
<td nowrap="" style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2010<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2011<o:p></o:p></span></b></p>
</td>
<td nowrap="" style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2012<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">2013<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 1;">
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 115.2pt;" width="154">
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.0pt;">Ingreso por venta de politubos($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">19774<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">20867<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">22713<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">24017<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">25649<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">35347<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">49864<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">49864<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 2;">
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 115.2pt;" width="154">
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.0pt;">Costo variable<span style="mso-spacerun: yes;">
</span>($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17070<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17836<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">18574<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">19883<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">21852<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">28398<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">38883<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">38883<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 3;">
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 115.2pt;" width="154">
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.0pt;">Margen de contribución($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2704<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3031<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4140<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4135<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3797<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">6949<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">10981<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">10981<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 4;">
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 115.2pt;" width="154">
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.0pt;">Costo constante($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2115<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2115<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2127<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2136<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2140<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1517<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1525<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1537<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td nowrap="" style="background: white; border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 115.2pt;" width="154">
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.0pt;">Resultados(utilidad bruta) ($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">589<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">916<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2011<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1998<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1656<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">5431<o:p></o:p></span></p>
</td>
<td nowrap="" style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.75pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">9455<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: 0cm 1.4pt 0cm 1.4pt; width: 37.8pt;" width="50">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">9443<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal" style="line-height: 150%;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><span style="mso-spacerun: yes;"> </span>FUENTE:
Elaborado en base a los anexos G-4 y G-5<o:p></o:p></span></p><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-79976811532276624482022-01-07T20:31:00.001-04:002022-01-07T20:31:12.542-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Productividad referida a los costos totales<p> El incremento de la productividad en la situación con proyecto es el resultado de un mayor volumen de ventas y de la optimización operativa de la línea que se refleja en un menor incremento de los costos totales. </p><p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI" style="text-align: center;"><b><a name="_Toc475619807"><span lang="ES-BO">Cuadro 9- 23</span></a><span lang="ES-BO"><o:p></o:p></span></b></p><p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2" style="text-align: center;"><a name="_Toc475708879"><span lang="ES-BO"><b>Línea de Politubos: Productividad
referida a los costos totales</b></span></a><span lang="ES-BO"> <o:p></o:p></span></p><div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 448;">
<tbody><tr style="height: 13.1pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 117.35pt;" width="156">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO">Concepto</span><span lang="ES-BO" style="font-size: 10.5pt;"><o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 28.2pt;" width="38">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2006<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2007<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2008<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2009<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2010<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2011<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2012<o:p></o:p></span></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" width="41">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">2013<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.4pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 117.35pt;" width="156">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">Situación sin
proyecto<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 28.2pt;" valign="bottom" width="38">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,026<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,039<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,056<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,069<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,084<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,088<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,088<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.4pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1,088<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.4pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 117.35pt;" width="156">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 10.5pt;">Situación con
proyecto<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 28.2pt;" valign="bottom" width="38">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,027<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,040<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,061<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,072<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,082<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,103<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.4pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.75pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,119<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.4pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 2.85pt 0cm 2.85pt; width: 30.8pt;" valign="bottom" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt; mso-bidi-font-weight: bold;">1,119<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div><p>
</p><p class="MsoNormal" style="line-height: 150%;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;"> </span><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;">FUENTE: Elaboración propia en base a los anexos G-4 y
G-5 <o:p></o:p></span></p>
El cuadro 9-23 muestra un mayor crecimiento en la productividad para la situación con proyecto alcanzando el máximo valor de 1,119 el año 2012.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-74023037976662449942022-01-02T17:35:00.003-04:002022-01-02T17:35:26.200-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Razón de apalancamiento<p> La razón de apalancamiento es mayor en la situación con proyecto alcanzando valores cercanos a la unidad a partir del año 2012.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhWgn3e1-KfacIPS_0pZrXauS7PsPWrPxSbi4fQ_PR3IKnTvHgxXAfhLHbPg6Xjc51eeNCFM0-ZXvSTL6PZZZTZw3X23_qW5rIsNonHQ3AQOKrjb7AC88s8j-1NG87sqKF10oGCGCcp7R6YiQby_t5oY61NgNYrphsrCVT8rX-l00EjXtMockRqnBtQ=s603" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Razón de apalancamiento" border="0" data-original-height="514" data-original-width="603" height="546" src="https://blogger.googleusercontent.com/img/a/AVvXsEhWgn3e1-KfacIPS_0pZrXauS7PsPWrPxSbi4fQ_PR3IKnTvHgxXAfhLHbPg6Xjc51eeNCFM0-ZXvSTL6PZZZTZw3X23_qW5rIsNonHQ3AQOKrjb7AC88s8j-1NG87sqKF10oGCGCcp7R6YiQby_t5oY61NgNYrphsrCVT8rX-l00EjXtMockRqnBtQ=w640-h546" title="Razón de apalancamiento" width="640" /></a></div><br /><p></p>
El incremento en las ventas y la optimización en el uso de los recursos en la situación con proyecto permiten que el resultado este cercano al costo de estructura.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-5497172103265241982022-01-01T15:12:00.008-04:002022-01-01T15:12:56.036-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Razón de contribuciónLa razón de contribución en la situación sin proyecto es mayor que en la situación con proyecto hasta el año 2011 pero la razón de contribución en la situación con proyecto alcanza el valor máximo de 25,7% el año 2013.<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEivMPrUC4kHWA6uyE_S0M_sH4fzZupbT-Q3aNYqGxDlhpSe9E-yR2G2zXeiPEJToBOpE_ZiCH3oQxMHvM6GjRZ0TrTVBlp91hv8LPDwJuOz-bcQYNAWADnUenkIaRrBn9URdrBJWeLdasdvbYgSuVIuWFv5n-XYynoNNJmiVkL1ZjJC5WXhdikh6TRW=s596" style="margin-left: 1em; margin-right: 1em;"><img alt="RAzón de equilibrio" border="0" data-original-height="486" data-original-width="596" height="522" src="https://blogger.googleusercontent.com/img/a/AVvXsEivMPrUC4kHWA6uyE_S0M_sH4fzZupbT-Q3aNYqGxDlhpSe9E-yR2G2zXeiPEJToBOpE_ZiCH3oQxMHvM6GjRZ0TrTVBlp91hv8LPDwJuOz-bcQYNAWADnUenkIaRrBn9URdrBJWeLdasdvbYgSuVIuWFv5n-XYynoNNJmiVkL1ZjJC5WXhdikh6TRW=w640-h522" title="RAzón de equilibrio" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Cuadro 9-21</b></p><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Línea de Politubos: Razón de contribución (2006-2013)<span class="Apple-converted-space"> </span></b></p><table cellpadding="0" cellspacing="0" class="t1" style="border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px;"><tbody><tr><td class="td1" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p2" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">Concepto</p></td><td class="td2" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2006</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2007</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2008</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2009</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2010</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2011</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2012</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">2013</p></td></tr><tr><td class="td4" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">Situación sin proyecto</p></td><td class="td5" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,217</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,219</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,220</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,222</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,225</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,224</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,224</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,224</p></td></tr><tr><td class="td7" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">Situación con proyecto</p></td><td class="td8" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,206</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,208</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,214</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,215</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,214</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,219</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,223</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,223</p></td></tr></tbody></table><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: start;"><span class="s1" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span>FUENTE: Elaborado en base a los Anexos G-4 y G-5<span class="Apple-converted-space"> </span></p></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg1qEXwurm9AUc23UmHqKH3ubPPm2BQ8X-_saiAQoWWzZaApNQ89n11qf655DUvZYQPZgr3JZxUbgSD_PQRcFelrGAAW-fMRXtyziJcvCzPqJxKzAjwgEtbItyw66GZpI3WN86wxKzvEqV5qFGq6a0lySQN4awKqhMf4XKVSGWmKFGwJrLoiFH_BRYV=s591" style="margin-left: 1em; margin-right: 1em;"><img alt="Razón de contribución" border="0" data-original-height="489" data-original-width="591" height="530" src="https://blogger.googleusercontent.com/img/a/AVvXsEg1qEXwurm9AUc23UmHqKH3ubPPm2BQ8X-_saiAQoWWzZaApNQ89n11qf655DUvZYQPZgr3JZxUbgSD_PQRcFelrGAAW-fMRXtyziJcvCzPqJxKzAjwgEtbItyw66GZpI3WN86wxKzvEqV5qFGq6a0lySQN4awKqhMf4XKVSGWmKFGwJrLoiFH_BRYV=w640-h530" title="Razón de contribución" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div>Según el grafico 9.2 los costos variables en la situación con proyecto sufren un mayor incremento que en la situación sin proyecto. Esto es consecuencia de la aplicación de la escala salarial propuesta por el proyecto que incrementa notablemente el costo de mano de obra, pero este incremento en los costos logra equilibrarse con un incremento en la eficiencia de la línea que se refleja en las ventas.
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-12485130295391072392021-12-30T21:10:00.002-04:002021-12-30T21:10:10.628-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples - Razón de equilibrioLa posición del punto de equilibrio se mejora en la situación con proyecto al alcanzar valores inferiores al 60% a partir del año 2011, mientras en la situación sin proyecto la razón de equilibrio se mantiene constante en 64,3% a partir del año 2011.
<div><div class="separator" style="clear: both; text-align: center;"><br /></div><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>Cuadro 9-20</b></p><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>Línea de Politubos: Razón de equilibrio<span class="Apple-converted-space"> </span>(2006-2013)<span class="Apple-converted-space"> </span></b></p><table cellpadding="0" cellspacing="0" class="t1" style="border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px;"><tbody><tr><td class="td1" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p2" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">Concepto</p></td><td class="td2" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2006</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2007</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2008</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2009</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2010</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2011</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2012</p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2013</p></td></tr><tr><td class="td4" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">Situación sin proyecto</p></td><td class="td5" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,882</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,830</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,760</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,709</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,656</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,641</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,641</p></td><td class="td6" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,641</p></td></tr><tr><td class="td7" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 117.3px;" valign="middle"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;">Situación con proyecto</p></td><td class="td8" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 28.2px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,872</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,817</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,730</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,688</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,647</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,573</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,524</p></td><td class="td9" style="border-color: rgb(0, 143, 0) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 2.9px 2.9px 0px 5px; width: 30.8px;" valign="bottom"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">0,525</p></td></tr></tbody></table><p class="p6" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><span class="s1" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span>FUENTE: Elaborado en base a los Anexos G-4 y G-5<span class="Apple-converted-space"> </span></p><br /></div>
La reducción del punto de equilibrio es consecuencia del incremento en las ventas de la línea por la ampliación de la capacidad instalada.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-70660776997640351282021-12-28T19:35:00.004-04:002021-12-28T19:35:27.100-04:00Costos de producción o fabricación - Evaluación del proyecto por medio de indicadores Simples<p> Los indicadores simples son aquellos que proporcionan una información de aspectos productivos, en un momento dado ó determinado. Estos indicadores son determinados a partir de los datos presentados en el cuadro 9-19. </p><p></p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">Cuadro 9-19</p><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">Línea de Politubos: Resumen del costeo ($us/año)</p><table cellpadding="0" cellspacing="0" class="t1" style="border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; text-align: center; width: 413.8px;"><tbody><tr><td class="td1" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>RUBROS</b></p></td><td class="td2" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2006</b></p></td><td class="td3" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2007</b></p></td><td class="td2" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2008</b></p></td><td class="td4" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2009</b></p></td><td class="td5" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2010</b></p></td><td class="td6" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2011</b></p></td><td class="td5" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2012</b></p></td><td class="td7" style="background-color: #f6d4b9; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>2013</b></p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p2" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; min-height: 12px; text-align: center;"><b></b><br /></p></td><td class="td9" colspan="8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 298.6px;" valign="middle"><p class="p1" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>SIN PROYECTO</b></p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Ventas</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">121313</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">128021</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">139346</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">147349</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">157358</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">161612</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">161612</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">161612</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Costos variables</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">94958</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">100032</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">108756</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">114591</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">121946</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">125361</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">125361</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">125361</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Margen de contribución</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">26355</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">27989</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">30591</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">32757</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">35412</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">36252</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">36252</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">36252</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Costos constantes</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">23236</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Resultados</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">3119</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">4753</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">7355</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">9521</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">12176</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">13015</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">13015</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">13015</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p5" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; min-height: 11px;"><b></b><br /></p></td><td class="td9" colspan="8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 298.6px;" valign="middle"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><b>CON PROYECTO</b></p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Ventas</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">141088</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">148889</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">162060</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">171367</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">183008</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">196959</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">211477</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">211477</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Costos variables</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">112028</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">11787</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">127330</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">134475</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">143798</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">153759</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">164244</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">164244</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Margen de contribución</b></p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">29059</p></td><td class="td11" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">31020</p></td><td class="td10" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">34731</p></td><td class="td12" style="background-color: white; border-color: rgb(0, 0, 0); border-style: solid; border-width: 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">36892</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">39209</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">43200</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">47233</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">47233</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Costos constantes</b></p></td><td class="td16" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.5px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">25351</p></td><td class="td17" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(203, 203, 203) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.5px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">25351</p></td><td class="td16" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.5px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">25364</p></td><td class="td18" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">25372</p></td><td class="td19" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(203, 203, 203) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.5px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">25377</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">24754</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">24762</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">24774</p></td></tr><tr><td class="td8" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 115.2px;" valign="middle"><p class="p3" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><b>Resultados</b></p></td><td class="td20" style="background-color: white; border-color: rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.5px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">2524</p></td><td class="td21" style="background-color: white; border-color: rgb(203, 203, 203) rgb(203, 203, 203) rgb(203, 203, 203) rgb(0, 0, 0); border-style: solid; border-width: 0.5px 0.5px 0.5px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">3708</p></td><td class="td20" style="background-color: white; border-color: rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.5px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">5669</p></td><td class="td22" style="background-color: white; border-color: rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">9367</p></td><td class="td23" style="background-color: white; border-color: rgb(203, 203, 203) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.5px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">11519</p></td><td class="td14" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 36.5px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">13832</p></td><td class="td13" style="background-color: white; border-color: rgb(0, 0, 0) rgb(203, 203, 203) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid; border-width: 0.8px 0.5px 0.8px 0.8px; padding: 1.4px 1.4px 0px 5px; width: 36.4px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">18446</p></td><td class="td15" style="background-color: white; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(203, 203, 203); border-style: solid; border-width: 0.8px 0.8px 0.8px 0.5px; padding: 1.4px 1.4px 0px 5px; width: 43.6px;" valign="bottom"><p class="p4" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;">22471</p></td></tr></tbody></table><p class="p6" style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: center;"><span class="s1" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span>FUENTE: Elaborado en base a los Anexos G-4 y G-5<span class="Apple-converted-space"> </span></p></div><p></p>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-34804220874505549962021-12-23T22:23:00.006-04:002021-12-23T22:23:40.507-04:00Costos de producción o fabricación - Indicadores de rentabilidad<p> Los indicadores empleados para la evaluación son: el valor actual neto, la tasa interna de retorno y la relación benefició costo:</p><h3 style="text-align: left;">1)<span style="white-space: pre;"> </span>Valor Actual neto (VAN); </h3><p>El VAN del proyecto se interpreta como la ganancia neta excedente que genera el proyecto.</p><h3 style="text-align: left;">2)<span style="white-space: pre;"> </span>Tasa interna de retorno (TIR); </h3><p>Es la tasa de descuento ínter temporal en la que el valor actual neto es igual a cero. La tasa interna de retorno para el flujo de fondos diferencial es: TIR (Incremental) = 22,2%. Como la TIR del proyecto es mayor que la tasa de rendimiento, se concluye a través de este indicador, que el proyecto es rentable. </p><h3 style="text-align: left;">3)<span style="white-space: pre;"> </span>Relación beneficio - costo (RBC); </h3><p> La relación beneficio costo compara el valor actual de los beneficios proyectados con el valor actual de los costos incluida la inversión.</p><p>El periodo de recuperación de la inversión es de 7 años, con un VAN (13,6%) de 1856,18($us) al final de dicho periodo. Se puede observar en el cuadro 9-18, que el resultado de la aplicación de la Gestión de Producción en la línea de politubos es rentable al presentar un valor actual neto incremental de $us 5475,4 que es mayor a cero, una tasa interna de retorno de 22,2 % mayor a la tasa mínima de rentabilidad, y una relación Beneficio costo de 1,037 que es mayor a la unidad.</p><div><p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI"><a name="_Toc475619799"><span lang="ES-BO">Cuadro 9-18</span></a><span lang="ES-BO"> <o:p></o:p></span></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2"><a name="_Toc475708871"><span lang="ES-BO">Línea de Politubos: Indicadores de
rentabilidad</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 448;">
<tbody><tr style="height: 10.8pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 10.8pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.65pt;" width="130">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Indicador
<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 10.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 75.25pt;" width="100">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Criterio
de aceptación<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 10.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.7pt;" width="85">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Valor
<o:p></o:p></span></b></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 9.0pt;">(sin proyecto)<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 10.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Valor
<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 9.0pt;">(con
proyecto)</span></b><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;"><o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 10.8pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.0pt;" width="84">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Valor
diferencial<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 11.45pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.65pt;" width="130">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Valor
actual neto($us)<o:p></o:p></span></b></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 75.25pt;" width="100">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">VAN>0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.7pt;" width="85">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">71725<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">77200<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.45pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.0pt;" width="84">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">5475<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.45pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.65pt;" width="130">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Relación
Beneficio costo<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 75.25pt;" width="100">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">RBC>1<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.7pt;" width="85">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">1,098<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.45pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">1,089<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.45pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.0pt;" width="84">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">1,037<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal" style="line-height: 150%;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;"><span style="mso-spacerun: yes;"> </span></span><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;">FUENTE: Elaboración propia<o:p></o:p></span></p><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-57496323206239792902021-12-17T22:27:00.001-04:002021-12-17T22:27:11.725-04:00Costos de producción o fabricación - Determinación de la tasa de interés de oportunidad<p> “La tasa de oportunidad o tasa mínima aceptable de rendimiento que un inversionista le pediría a una inversión debe calcularla sumando dos factores: primero, debe ser tal su ganancia, que compense los efectos inflacionarios, y en segundo termino debe ser un premio ó sobretasa por arriesgar su dinero en determinada inversión”28. La formula empleada para calcular la tasa mínima aceptable de rendimiento TMAR, es la siguiente:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgFr-YYrE7mqOnfxUhkk7sJ2D25m5CI9FteSSNxFsrxd2aHovZlST1Pb9_jo2fGsitgCcZsM9VSgBwgT_PmITJEBTUtgzjjikLu5xK7fooS3SxmQ8e9wLq-PxJ-_dEVose9Oqvql6K1V6MBa-QNOHiEuSklQxz0p5-eA54OGzyn6BN9B-WindzQZ57S=s224" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="42" data-original-width="224" height="42" src="https://blogger.googleusercontent.com/img/a/AVvXsEgFr-YYrE7mqOnfxUhkk7sJ2D25m5CI9FteSSNxFsrxd2aHovZlST1Pb9_jo2fGsitgCcZsM9VSgBwgT_PmITJEBTUtgzjjikLu5xK7fooS3SxmQ8e9wLq-PxJ-_dEVose9Oqvql6K1V6MBa-QNOHiEuSklQxz0p5-eA54OGzyn6BN9B-WindzQZ57S" width="224" /></a></div><p>Donde:</p><p>i: Premio al riesgo, que debe estar entre la tasa de interés pasiva y la tasa de interés activa</p><p>f: Índice inflacionario, que es la inflación promedio pronosticada para el periodo de evaluación</p><p>La tasa de oportunidad para el proyecto TMAR considera un premio al riesgo de 10,2 %, que es la tasa de interés efectiva anual promedio del primer semestre del año 200511, y un índice inflacionario del 3,12%; que es la inflación promedio de los últimos ocho años (1997-2004)11.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEj-soQ4C9fckfb5tkNbo-6kaPBhZ4LX3EZyCgrJ5TcMdZ4gtSnwg4lGVNIQiXFGf4-BD-6BYTjEZG0pg3oyFFdsqMDKaWOI6dE9a0faiQ8AkstOlt19t_-9Gsx4OuHPQlZh7jPfaHhWgyi8vUoJ0OQ7qcmZHkWWP5QKfRLmhgzQabLYWS3mk7HkzP8k=s603" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Determinación de la tasa de interés de oportunidad" border="0" data-original-height="42" data-original-width="603" height="44" src="https://blogger.googleusercontent.com/img/a/AVvXsEj-soQ4C9fckfb5tkNbo-6kaPBhZ4LX3EZyCgrJ5TcMdZ4gtSnwg4lGVNIQiXFGf4-BD-6BYTjEZG0pg3oyFFdsqMDKaWOI6dE9a0faiQ8AkstOlt19t_-9Gsx4OuHPQlZh7jPfaHhWgyi8vUoJ0OQ7qcmZHkWWP5QKfRLmhgzQabLYWS3mk7HkzP8k=w640-h44" title="TAMR" width="640" /></a></div><br /><p><br /></p><div><br /></div>
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-80319177724240335562021-12-15T18:07:00.005-04:002021-12-15T18:07:55.483-04:00Costos de producción o fabricación - Flujo de fondos incremental del proyecto puro <p> “Para ser pertinente a la evaluación de un proyecto, un flujo debe ser un flujo diferencial de la Situación con proyecto menos la situación sin proyecto”27. </p><p>1)<span style="white-space: pre;"> </span>Flujo de fondos sin proyecto; La situación sin proyecto hace referencia a la proyección de ingresos y costos para el periodo 2005-2013, en ausencia del proyecto, además no se considera ningún tipo de inversión y se asume que no existe valor de salvamento al final del periodo de evaluación. </p><p>2)<span style="white-space: pre;"> </span>Flujo de fondos con proyecto; La situación con proyecto considera lo costos, ingresos e inversiones para el periodo 2006-2013, asumiendo la no existencia de valores de salvamento.</p><p>3)<span style="white-space: pre;"> </span>Flujo de fondos diferencial; El flujo diferencial de la situación con proyecto menos la situación sin proyecto, permite identificar los ingresos y costos pertinentes, analizados en los anteriores puntos.</p><div><p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI"><a name="_Toc475619796"><span lang="ES-BO">Cuadro 9-15</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2"><a name="_Toc475708868"><span lang="ES-BO">Línea de Politubos: Flujo de fondos sin
Proyecto ($us)</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: .55pt 5.4pt .55pt 5.4pt; mso-yfti-tbllook: 448;">
<tbody><tr style="height: 13.7pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 13.7pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Año<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Ingresos
netos <o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Costos
operativos<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Impuestos
<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">IUE<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 13.7pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Flujo
de fondos<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 12.9pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2005<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">119401,83<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">109510,50<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1302,46<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">8588,87<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.7pt; mso-yfti-irow: 2;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">123665,09<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">113091,98<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1472,91<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">9100,20<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.7pt; mso-yfti-irow: 3;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2007<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">130489,15<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">118142,68<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1916,25<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">10430,22<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.9pt; mso-yfti-irow: 4;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2008<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">142010,38<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">126826,68<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2625,55<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">12558,14<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.7pt; mso-yfti-irow: 5;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2009<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">150150,95<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">132634,79<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3208,67<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">14307,49<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.9pt; mso-yfti-irow: 6;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2010<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">160333,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">139954,47<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3924,26<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">16454,27<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.7pt; mso-yfti-irow: 7;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2011<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">164661,12<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">143354,69<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4156,24<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.7pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17150,20<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.9pt; mso-yfti-irow: 8;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2012<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">164661,12<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">143354,69<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4156,24<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17150,20<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.7pt; mso-yfti-irow: 9; mso-yfti-lastrow: yes;">
<td style="border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 32.8pt;" width="44">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2013<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">164661,12<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 82.95pt;" valign="bottom" width="111">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">143354,69<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.7pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4156,24<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.7pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 67.25pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17150,20<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal" style="line-height: 150%; margin-left: 54.0pt;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;">FUENTE: Elaborado en base
al anexo G-4<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 150%; margin-left: 54.0pt;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><o:p> </o:p></span></p>
<p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI"><a name="_Toc475619797"><span lang="ES-BO">Cuadro 9-16</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2"><a name="_Toc475708869"><span lang="ES-BO">Línea de Politubos: Flujo de fondos
con<span style="mso-spacerun: yes;"> </span>Proyecto ($us)</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: .55pt 5.4pt .55pt 5.4pt; mso-yfti-tbllook: 448;">
<tbody><tr style="height: 13.8pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 13.8pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Año<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Inversiones
<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Ingresos
netos <o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Costos
operativo<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Impuestos
<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">IUE<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 13.8pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">Flujo
de fondos<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 13.0pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2005<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">12703,57<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">119401,83<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">109510,50<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1302,46<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">-4114,71<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.8pt; mso-yfti-irow: 2;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">143778,35<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">131096,64<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1599,60<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">11082,11<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.8pt; mso-yfti-irow: 3;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2007<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">151712,78<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">136937,06<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2123,10<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">12652,61<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.0pt; mso-yfti-irow: 4;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2008<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">165108,67<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">146410,60<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3103,69<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">15594,38<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.8pt; mso-yfti-irow: 5;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2009<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">174573,83<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">153564,38<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3681,54<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">17327,92<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.0pt; mso-yfti-irow: 6;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2010<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">186412,64<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">162891,65<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">4309,42<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">19211,56<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.8pt; mso-yfti-irow: 7;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2011<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">200602,41<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">172856,71<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">5522,35<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.8pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">22223,35<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.0pt; mso-yfti-irow: 8;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2012<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">215367,12<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">183349,37<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">6590,36<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.0pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">25427,39<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.8pt; mso-yfti-irow: 9; mso-yfti-lastrow: yes;">
<td style="border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 34.45pt;" width="46">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2013<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 64.6pt;" width="86">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.95pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">215367,12<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 72.6pt;" valign="bottom" width="97">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">183361,87<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.8pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 65.55pt;" valign="bottom" width="87">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">6587,24<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.8pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 5.4pt .55pt 5.4pt; width: 60.45pt;" valign="bottom" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">27188,02<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal" style="line-height: 150%;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><span style="mso-spacerun: yes;"> </span>FUENTE:
Elaborado en base al anexo G-5<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 150%; margin-left: 54.0pt;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><o:p> </o:p></span></p>
<p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI"><a name="_Toc475619798"><span lang="ES-BO">Cuadro 9-17</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2"><a name="_Toc475708870"><span lang="ES-BO">Línea de Politubos: Flujo de fondos
diferencial<span style="mso-spacerun: yes;"> </span>($us)</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: .55pt 5.4pt .55pt 5.4pt; mso-yfti-tbllook: 448; width: 478px;">
<tbody><tr style="height: 13.1pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Año<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Inversiones
<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Ingresos
netos <o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Costos
operativo<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Impuestos
<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">IUE<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Recuperación<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Capital
de trabajo<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 13.1pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 10.5pt;">Flujo
de fondos<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 12.35pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2005<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">12703,57<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">0,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">0,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">0,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">-12703,57<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.1pt; mso-yfti-irow: 2;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">20113,26<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">18004,66<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">126,70<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1981,91<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.1pt; mso-yfti-irow: 3;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2007<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">21223,63<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">18794,38<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">206,86<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2222,39<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.35pt; mso-yfti-irow: 4;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2008<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">23098,29<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">19583,91<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">478,14<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3036,24<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.1pt; mso-yfti-irow: 5;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2009<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">24422,88<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">20929,59<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">472,87<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">3020,42<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.35pt; mso-yfti-irow: 6;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2010<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">26079,64<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">22937,19<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">385,16<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2757,30<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.1pt; mso-yfti-irow: 7;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2011<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">35941,28<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">29502,02<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1366,11<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.1pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">5073,15<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 12.35pt; mso-yfti-irow: 8;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2012<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">50706,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">39994,68<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2434,12<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 12.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">8277,19<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 13.1pt; mso-yfti-irow: 9; mso-yfti-lastrow: yes;">
<td style="border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 30.55pt;" width="41">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2013<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 60.4pt;" width="81">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 45.0pt;" valign="bottom" width="60">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">50706,00<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 49.85pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">40007,18<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 51.8pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">2431,00<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: double black 2.25pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 67.55pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">1770,00<o:p></o:p></span></p>
</td>
<td style="border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 13.1pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid green .75pt; padding: .55pt 2.85pt .55pt 2.85pt; width: 53.0pt;" valign="bottom" width="71">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.0pt;">10037,82<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoNormal" style="line-height: 150%;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><span style="mso-spacerun: yes;"> </span>FUENTE:
Elaborado en base al anexo G-6<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 150%; margin-left: 54.0pt;"><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;"><o:p> </o:p></span></p><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-342651717351658532021-12-05T13:28:00.002-04:002021-12-05T13:28:16.698-04:00Costos de producción o fabricación - Determinación de la rentabilidadPara la determinación de la rentabilidad del proyecto se utilizan métodos de cuantificación de la rentabilidad que consisten en el cálculo de indicadores o coeficientes de evaluación basados en el flujo de caja proyectado y en la utilidad bruta del proyecto.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-50562449020082759842021-11-25T18:11:00.005-04:002021-11-25T18:11:24.132-04:00Costos de producción o fabricación - Costo de mano de obra - Costos de administración y ventas - Amortización de Activos diferidos<p> Al igual que la depreciación, la
amortización de activos diferidos es un
sistema para retener utilidades dentro
de un proyecto, con el fin de recuperar mediante precio y costo del producto la
inversión realizada.</p>
<p class="MsoNormalIndent"><span lang="ES-BO">La amortización de los activos
diferidos para la situación con proyecto<span style="mso-spacerun: yes;">
</span>se lo distribuye en cuotas iguales<span style="mso-spacerun: yes;">
</span>durante los primeros cinco años (2006-2010).<o:p></o:p></span></p>
<p class="EstiloTextoindependiente11ptCentradoIzquierda032cmI"><a name="_Toc475619795"><span lang="ES-BO">Cuadro 9-14</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2"><a name="_Toc475708867"><span lang="ES-BO">Amortización de activos diferidos</span></a><span lang="ES-BO"><o:p></o:p></span></p>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 32; width: 448px;">
<tbody><tr style="height: 11.35pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid green 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid green .75pt; mso-border-left-alt: double black 2.25pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.25pt;" width="192">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt; text-transform: uppercase;">Concepto<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid green 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid green .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt; text-transform: uppercase;">Inversión<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt; text-transform: uppercase;">($us)<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid green 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 11.35pt; mso-border-bottom-alt: solid green .75pt; mso-border-left-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: double black 2.25pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt; text-transform: uppercase;">Amortización
anual periodo 2006-2010 ($us) <o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.25pt;" width="192">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 11.0pt;">Capacitación a
los operarios de la nueva maquinaría <o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">75,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.5pt; mso-bidi-font-weight: bold; text-transform: uppercase;">15,0<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 2;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.25pt;" width="192">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 11.0pt;">Planeación ,
integración<span style="mso-spacerun: yes;"> </span>y supervisión del
proyecto<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">2200,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.5pt; mso-bidi-font-weight: bold; text-transform: uppercase;">440,0<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 3;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.25pt;" width="192">
<p class="MsoNormal" style="text-align: justify;"><span lang="ES-BO" style="font-size: 11.0pt;">Capacitación del personal en temas de Seguridad e
Higiene Industrial<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">560,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.5pt; mso-bidi-font-weight: bold; text-transform: uppercase;">112,0<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 4;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.25pt;" width="192">
<p class="MsoNormal" style="text-align: justify;"><span lang="ES-BO" style="font-size: 11.0pt;">Instalación de maquinaría y equipo<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 72.0pt;" width="96">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="color: black; font-size: 11.0pt;">300,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 10.5pt; mso-bidi-font-weight: bold;">60,0<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 11.35pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td colspan="2" style="background: white; border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 11.35pt; mso-border-bottom-alt: double 2.25pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: solid .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 216.25pt;" width="288">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">Total amortización anual</span></b><span lang="ES-BO" style="font-size: 11.0pt;"><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 11.35pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 119.4pt;" width="159">
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="ES-BO" style="font-size: 11.0pt;">627<o:p></o:p></span></b></p>
</td>
</tr>
</tbody></table>
</div>
<p class="MsoPlainText" style="line-height: 150%;"><span lang="ES-BO" style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 150%; mso-bidi-font-family: "Courier New";"><span style="mso-spacerun: yes;"> </span></span><span lang="ES-BO" style="font-family: "Times New Roman",serif; font-size: 9.0pt; line-height: 150%; mso-bidi-font-family: "Courier New";">FUENTE: Elaborado en base al cuadro 9-2 <o:p></o:p></span></p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-87802463715722457332021-11-20T14:44:00.009-04:002021-11-20T14:44:56.086-04:00Costos de producción o fabricación - Costo de mano de obra - Costos de administración y ventas - Depreciación de Activos fijos<p> “La depreciación es un sistema para retener utilidades dentro de un proyecto, con el fin de garantizar los fondos suficientes para el reemplazo de activos depreciables”26.La depreciación para la situación con proyecto presentada en el cuadro 9-13, corresponde a la sumatoria del cargo anual de los activos fijos de acuerdo al método de depreciación lineal.</p><p class="MsoNormalIndent" style="text-align: center;"><a name="_Toc475619794"><span lang="ES-BO"><b>Cuadro 9-13</b></span></a></p><p class="EstiloEstiloTabladeilustracionesTablaCentradoInterlineado2" style="text-align: center;"><a name="_Toc475708866"><span lang="ES-BO"><b>Línea de Politubos: Depreciación de
activos fijos</b></span></a><span lang="ES-BO"><o:p></o:p></span></p><div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: double black 2.25pt; mso-border-insideh: .75pt solid black; mso-border-insidev: .75pt solid black; mso-padding-alt: .85pt 5.4pt .85pt 5.4pt; mso-table-layout-alt: fixed; width: 481px;">
<tbody><tr style="height: 10.9pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background: #F3CAAB; border-bottom: solid 1.0pt; border-color: black; border-left: double 2.25pt; border-right: solid 1.0pt; border-top: double 2.25pt; height: 10.9pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: double 2.25pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 108.65pt;" width="145">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt;">Concepto<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 78.85pt;" width="105">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt;">Inversión($us)<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: double black 2.25pt; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: double black 2.25pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 70.95pt;" width="95">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt;">Vida útil (Años)<o:p></o:p></span></b></p>
</td>
<td style="background: #F3CAAB; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: double black 2.25pt; height: 10.9pt; mso-border-bottom-alt: solid .75pt; mso-border-color-alt: black; mso-border-left-alt: solid .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double 2.25pt; mso-border-top-alt: double 2.25pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 102.5pt;" width="137">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 10.5pt;">Depreciación anual($us)<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 10.9pt; mso-yfti-irow: 1;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 108.65pt;" width="145">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 11.0pt;">Maquinaría y
equipo<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 78.85pt;" width="105">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt; mso-bidi-font-weight: bold;">7799,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 70.95pt;" width="95">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">8,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 102.5pt;" width="137">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">955<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 10.9pt; mso-yfti-irow: 2;">
<td style="background: white; border-bottom: solid black 1.0pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 108.65pt;" width="145">
<p class="MsoNormal"><span lang="ES-BO" style="font-size: 11.0pt;">Instalaciones
eléctricas<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 78.85pt;" width="105">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">160,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 70.95pt;" width="95">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">8,0<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid black 1.0pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 10.9pt; mso-border-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: double black 2.25pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 102.5pt;" width="137">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">20,0<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 10.9pt; mso-yfti-irow: 3; mso-yfti-lastrow: yes;">
<td colspan="3" style="background: white; border-bottom: double black 2.25pt; border-left: double black 2.25pt; border-right: solid black 1.0pt; border-top: none; height: 10.9pt; mso-border-bottom-alt: double 2.25pt; mso-border-color-alt: black; mso-border-left-alt: double 2.25pt; mso-border-right-alt: solid .75pt; mso-border-top-alt: solid .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 258.45pt;" width="345">
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="ES-BO" style="font-size: 11.0pt;">Total depreciación anual</span></b><span lang="ES-BO" style="font-size: 11.0pt;"><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: double black 2.25pt; border-left: none; border-right: double black 2.25pt; border-top: none; height: 10.9pt; mso-border-left-alt: solid black .75pt; mso-border-top-alt: solid black .75pt; padding: .85pt 1.4pt .85pt 1.4pt; width: 102.5pt;" width="137">
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="ES-BO" style="font-size: 11.0pt;">975,0<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
</div><p>
</p><p class="MsoNormal" style="line-height: 150%; tab-stops: 81.75pt;"><span lang="ES-BO" style="font-size: 11.0pt; line-height: 150%;"> </span><span lang="ES-BO" style="font-size: 9.0pt; line-height: 150%;">FUENTE: Elaborado en base al cuadro
9-1<o:p></o:p></span></p><p>Para el cálculo de la depreciación anual de cada activo presentado en el cuadro 9-13 se asume que no existen valores de salvamento al final del periodo de evaluación.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7678066033807979258.post-68489863354789969992021-10-21T21:52:00.001-04:002021-10-21T21:52:02.154-04:00Costos de producción o fabricación - Costo de mano de obra - Costos de administración y ventas - Otros gastos<p> Los gastos varios relacionados con los gastos de oficina básicamente papelería, lápices, facturas, discos de PC, elaboración de instructivos de trabajos, planillas para el control de calidad y documentos relacionados con la aplicación de los capitulo 6 y 7 alcanzan a 250($us) anuales y se mantendrán constantes durante la vida útil del proyecto.</p>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-7678066033807979258.post-12183231839478286742021-10-13T22:08:00.004-04:002021-10-13T22:08:28.065-04:00Costos de producción o fabricación - Costo de mano de obra - Costos de administración y ventas - Costos de mantenimientoLos costos de mantenimiento en los que se incurre por la ejecución del mantenimiento preventivo del secadero alcanza a 75($us) anuales.
En los costos de administración y ventas se considera el costo de recarga con polvo polivalente de los tres extintores tipo ABC que alcanza en total a 45 ($us) anuales.
Unknownnoreply@blogger.com0