Operation Manual

4: Descripción de los problemas financieros 49
Periodos y flujos de caja
$OHYDOXDUXQGLDJUDPDGHIOXMRVGHFDMDVHGHEHQWHQHUHQFXHQWDYDULDV
FRQVLGHUDFLRQHVDGHPiVGHODFRQYHQFLyQGHVLJQRVORVSDJRVVRQ
YDORUHVQHJDWLYRVORVLQJUHVRVVRQYDORUHVSRVLWLYRV
/DOtQHDWHPSRUDOVHGLYLGHHQLQWHUYDORVGHWLHPSRLGpQWLFRV(O
SHULRGRPiVIUHFXHQWHHVHOPHVSHURWDPELpQVHXWLOL]DQGtDV
WULPHVWUHV\DxRV*HQHUDOPHQWHHOSHULRGRVHGHILQHHQXQFRQWUDWR
\KD\TXHFRQRFHUORDQWHVGHFRPHQ]DUHOFiOFXOR
3DUDVROXFLRQDUXQSUREOHPDILQDQFLHURFRQODFDOFXODGRUD+3
%,,WRGRVORVIOXMRVGHFDMDGHEHQUHDOL]DUVHDOSULQFLSLRRDOILQDO
GHFDGDSHULRGR
6LVHSURGXFHPiVGHXQIOXMRGHFDMDHQODPLVPDSRVLFLyQGHO
GLDJUDPDVHVXPDUiQORVGLVWLQWRVIOXMRVGHFDMD3RUHMHPSORVLVH
SURGXFHXQIOXMRGHFDMDQHJDWLYRGH²\XQIOXMRGHFDMD
SRVLWLYRGHHQHOPLVPRSXQWRGHOGLDJUDPDGHIOXMRVGH
FDMDVHLQWURGXFHXQIOXMRGHFDMDGH² 
/DVWUDQVDFFLRQHVILQDQFLHUDVYiOLGDVGHEHQWHQHUDOPHQRVXQIOXMR
GHFDMDSRVLWLYR\RWURQHJDWLYR
Interés simple e interés compuesto
/RVFiOFXORVILQDQFLHURVVHEDVDQHQHOKHFKRGHTXHHOGLQHURGHYHQJD
LQWHUHVHVDORODUJRGHOWLHPSR+D\GRVFODVHVGHLQWHUpVLQWHUpVVLPSOHH
LQWHUpVFRPSXHVWR/RVFiOFXORVGHOYDORUGHOGLQHURHQIXQFLyQGHO
WLHPSR\GHORVIOXMRVGHFDMDVHEDVDQHQHOLQWHUpVFRPSXHVWR
Interés simple
(QORVFRQWUDWRVGHLQWHUpVVLPSOHHOLQWHUpVUHSUHVHQWDXQSRUFHQWDMHGHO
FDSLWDORULJLQDO(OLQWHUpV\HOFDSLWDOYHQFHQDOILQDOGHOFRQWUDWR3RU
HMHPSORVXSRQJDTXHOHSUHVWDDXQDPLJRODVXPDGHSRUHOSOD]R
GHXQDxR\GHVHDJDQDUXQLQWHUpVVLPSOHGHO$OILQDOGHODxRVX
DPLJROHGHEHUiHVHOGH3XHGHKDFHUORVFiOFXORV
GHLQWHUpVVLPSOHPHGLDQWHODWHFOD
GHODFDOFXODGRUD+3%,,
(QFRQWUDUiXQHMHPSORGHFiOFXORGHLQWHUpVVLPSOHHQODSiJLQD 
10B.book Page 49 Sunday, June 25, 2000 1:26 PM