Examen integral_ Attempt review2023 _ _
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Date
Jun 18, 2024
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ESTRATEGIA Y VALUACIÓN CORPORATIVA (2426/3047/SLP)
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Examen
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Examen integral
Lineamientos generales de aplicación de exámenes
El alumno acepta, bajo protesta de decir verdad, que se conducirá con honestidad, en la resolución de su examen en concordancia con los
principios institucionales y en caso de asumir una conducta contraria, reconoce que se aplicarán las sanciones equiparables establecidas en
el Reglamento de Disciplina vigente.
Responde: Acepto
INSTRUCCIONES:
Lee las siguientes afirmaciones y selecciona la opción que las complemente correctamente.
Determina la prueba de ácido con base en el Anexo 1. Estados financieros:
a.
27.696
b.
0.276
c.
0.2769
d.
2.7696
La respuesta correcta es: 2.7696
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1/10
Pregunta 3
Correcta
Puntúa 2 sobre 2
Pregunta 4
Correcta
Puntúa 2 sobre 2
Pregunta 5
Correcta
Puntúa 2 sobre 2
Determina el promedio de cuentas por cobrar con base en el Anexo 1. Estados financieros:
a.
8.4241
b.
0.8424
c.
84.241
d.
0.84
La respuesta correcta es: 8.4241
El establecimiento de alianzas estratégicas hace posible que una entidad…
a.
disminuya la capacidad instalada
b.
tenga concentración de gastos operativos
c.
reduzca costos e incorpore nuevas tecnologías
d.
establezca cambios en la cultura de negocios
La respuesta correcta es: reduzca costos e incorpore nuevas tecnologías
El proceso de unión entre dos o más personas jurídicas, antes independientes, que por medio de la unión de sus patrimonios empiezan a
desarrollar sus actividades se conoce como:
a.
adquisición
b.
escisión
c.
fusión
d.
alianza estratégica
La respuesta correcta es: fusión
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Pregunta 6
Correcta
Puntúa 2 sobre 2
Pregunta 7
Correcta
Puntúa 2 sobre 2
Compra de materia prima, costos indirectos de fabricación, saldo de materiales directos e indirectos, son algunos conceptos del
presupuesto…
a.
de capital
b.
de producción
c.
financiero
d.
de ventas
La respuesta correcta es: de producción
Calcula el rendimiento del capital invertido (ROIC) con los siguientes datos:
$100,000.00
Ingreso neto
20%
Dividendo
$150,000.00
Capital invertido
a.
0.53
b.
0.47
c.
0.66
d.
0.50
La respuesta correcta es: 0.53
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Pregunta 8
Incorrecta
Puntúa 0 sobre 2
Pregunta 9
Correcta
Puntúa 2 sobre 2
Calcula el rendimiento sobre la inversión (ROI) con los siguientes datos:
$400,000.00 Ingresos
$450,000.00 Costos
$250,000.00
Capital invertido
10%
Costo de capital
a.
60%
b.
0.77%
c.
40%
d.
50%
La respuesta correcta es: 60%
Calcula el rendimiento sobre el capital contable (ROE) con los siguientes datos:
$600,000.00
Beneficio neto
$375,000.00
Patrimonio neto
$100,000.00
Activo total
a.
1.6
b.
2.6
c.
6.0
d.
0.6
La respuesta correcta es: 1.6
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Pregunta 10
Correcta
Puntúa 2 sobre 2
Pregunta 11
Correcta
Puntúa 2 sobre 2
Información
Una empresa tiene una utilidad operacional después de impuestos (UODI) de $500,000, un c* del 12%, y su capital es de $2,000,000.
Calcula el valor económico agregado (EVA):
a.
$400,000
b.
$150,000
c.
$500,000
d.
$260,000
La respuesta correcta es: $260,000
Una empresa presenta los siguientes saldos: utilidad de operación $5,269,351.00, provisión de impuestos $1,899,864.00, depreciaciones y
amortizaciones $590,000.00 e incremento neto capital de trabajo $13,553,358.00.
Calcula el descuento de flujo de fondos:
a.
$9,003,868
b.
($9,003,868)
c.
$9,593,868
d.
($9,593,868)
La respuesta correcta es: ($9,593,868)
INSTRUCCIONES:
Lee con atención las siguientes situaciones y da respuesta a lo que se solicita. Considera para ello lo estudiado durante el
curso.
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Pregunta 12
Completada
Puntaje de 40
Con base en los estados financieros del Anexo 1, determina los siguientes indicadores financieros aplicables para el ejercicio 2021:
a. Capital de trabajo
b. Antigüedad de cuentas por cobrar
c. Antigüedad de cuentas por pagar
d. Rotación de inventarios
e. Nivel de apalancamiento
f. Margen de utilidad bruto
g. Margen de operación
h. Explica los resultados
a. $13,553,358.00, liquidez de la empresa
b. $8,898,200.00 de CxC
c. $2,370,715.00 de CxP
d. 9.89 veces se usa el inventario
e. Grado de apalancamiento: 1 : 0.65, es decir que por cada $1 de patrimonio se tiene la deuda de $0.65 centavos.
f. 22.01%, es la rentabilidad de la empresa
g. 11.60%, supone el beneficio antes de impuestos.
h. La empresa refleja buenas razones financieras para hacer frente a sus obligaciones, considerando la rotación de inventarios, la antiguedad
de sus cuentas y los margenes que refleja, por lo que es una buena opción para invertir.
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Pregunta 13
Sin contestar
Puntaje de 15
Determina los indicadores que se solicitan, conforme al modelo comparativo o por múltiplos, a partir de la siguiente información:
2,000
AC = Acciones en circulación
4,500,000.00
AP = Acciones preferentes
3.50
BPA = Beneficio por acción
950,000.00
CB = Capitalización bursátil
30,000,000.00
CC = Capital contable
2,500,000.00
D = Deuda
17,750.00
PM = Precio del mercado
150.00
PPA = Precio por acción
2,500,000.00
T = Tesorería y equivalentes
15,525,000.00Ventas = Ventas netas
25,750,000.00
3,500,000.00
1,000,000.00
250,000.00
100,000.00
750,000.00
VM = Valor de mercado de los recursos propios
de la empresa comparable
EBT con carga impositiva 30%
Inversiones de capital
Depreciaciones
Menos variaciones de capital
Nueva deuda
a. Múltiplo de ganancia PER
b. Múltiplo del valor de la empresa EV
c. Equity Cash Flow
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Pregunta 14
Completada
Puntaje de 25
La Nacional S.A. de C.V. (la entidad) es una empresa mexicana ubicada en el centro del país, cuya principal actividad es la fabricación y
comercialización de ropa deportiva. A la fecha, sus accionistas han decidido incrementar su participación en el mercado nacional mediante
la adquisición de una empresa denominada Ropa del Sureste, S.A. de C.V., con lo cual la entidad incrementará su participación en el
mercado en un 25%, aproximadamente.
No obstante, los accionistas han solicitado a sus expertos externos realizar un due dilligence para conocer y analizar la situación financiera
de la empresa antes de su adquisición.
El director general de la entidad recibió información financiera de la empresa antes mencionada para su análisis preliminar:
Ropa del Sureste, S.A. de C.V.
Estado de situación financiera
Efectivo
80,000
Cuentas por cobrar
350,000
Inventarios
250,000
Proveedores
100,000
Préstamos bancarios
2,000,000
Capital social
500,000
Pérdidas acumuladas
_______
(1,920,000)
$680,000 $680,000
Con base en los saldos antes presentados, menciona lo siguiente:
Ventajas:
Desventajas:
Riesgos:
Ventajas:
- Incremento en ventas
- Aceptación de mercancia
- Rentabilidad del negocio
- Uso del capital para canales de distribución
Desventajas:
- Pago de intereses por deuda
- Aumento en cuentas por cobrar
- Poca liquidez
Riesgos:
- Riesgo de perder el producto estrella por cambio tecnológico y cultural.
- Ciclos económicos que pueden variar las ventas
- Cambios en las normas y políticas
- No son lo mismo las perdidas derivadas de fuertes amortizaciones que las provenientes de una ausencia de ingresos.
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