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    Kamran Muhammad
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    The United States Postal Service projected income statement summarizes expected revenue and expenses from 2004 to 2009. Revenue is projected to increase 9% annually through 2009 due to a projected increase in sales. Operating expenses like compensation, transportation, and other costs are expected to decrease or remain steady as a percentage of sales. As a result, net income is projected to increase substantially each year, reaching over $30 million by 2009.

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    The United States Postal Service projected income statement summarizes expected revenue and expenses from 2004 to 2009. Revenue is projected to increase 9% annually through 2009 due to a projected increase in sales. Operating expenses like compensation, transportation, and other costs are expected to decrease or remain steady as a percentage of sales. As a result, net income is projected to increase substantially each year, reaching over $30 million by 2009.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    18 views1 page

    Pro Inc ST USPS

    Uploaded by

    Kamran Muhammad
    The United States Postal Service projected income statement summarizes expected revenue and expenses from 2004 to 2009. Revenue is projected to increase 9% annually through 2009 due to a projected increase in sales. Operating expenses like compensation, transportation, and other costs are expected to decrease or remain steady as a percentage of sales. As a result, net income is projected to increase substantially each year, reaching over $30 million by 2009.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Proforma Income Statement

    United States Postal service


    Assumptions
    Using %age of sales method with 9% increase in sales every year.
    Reduction in compensation and benefits will be 5% of sales per coming year.
    Given Projected
    %age Sales 2004 2005 2006 2007 2008 2009
    Net Revenue (@9%) 9.00% 68,996 72,205 78,703 85,787 93,508 101,923
    Gross Profit
    Operating Expenses
    compensation and benefits (reduce @5%) 75.56 52,134 50,544 51,157 51,472 51,429 50,962
    Transportation 7.20 4,969 5,200 5,668 6,178 6,734 7,340
    Others 12.68 8,748 9,155 9,979 10,877 11,856 12,923
    Total Operating expenses 65,851 64,898 66,804 68,527 70,019 71,225
    Income from operations * 4.56 3,145 7,307 11,899 17,260 23,488 30,698
    Intrest and investment income 0.05 33 35 38 41 45 49
    Intrest expense on defered retirement obligations -0.1493 (103) (108) (117) (128) (140) (152)
    Other intrest expense -0.0145 (10) (10) (11) (12) (14) (15)
    Debit repurchase expense 0 0 0 0 0 0
    Emergency prepardness appropriations 0 0 0 0 0 0
    Emergency prepardness expense 0 0 0 0 0 0
    Net Income 3065 7223 11808 17160 23380 30580

    * Income from operation = Net Revenue - total operating expense

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