Bus 650 Final
Antiouse Boardraye
Bus 650 Managerial Finance
Dr. Keith Wade
Verizon Communications Inc., headquartered in New York, is a global leader in delivering broadband and other wireless and wire-line communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. Verizon Communications was added to the Dow Jones Industrial Average in 2004. Verizon's revenue totaled $115.8 billion in 2012. (www.verizon.com).
Using Verizon most current balance sheet and income statement, I have created pro forma financial statement with the projecting a ten percent increase in the cost of goods sold and sales.
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| Pro-Forma Income Statement |
| Verizon | | | | |
| For 2012 through 2014 | | | | |
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| REVENUE | 2012 | 2013 | 2014 |
| Gross sales | $115,846 | $127,431 | $140,174 |
| | Less sales returns and allowances | 0 | | |
| Net Sales | $115,846 | $127,431 | $140,174 |
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| COST OF SALES | | | |
| Total Cost of Goods Sold | $46,275 | $50,903 | $55,993 |
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| Gross Profit (Loss) | $69,571 | $76,528 | $84,181 |
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| OPERATING EXPENSES | | | |
| Selling | | | |
| | Salaries and wages | $0 | $0 | $0 |
| | Commissions | 0 | 0 | 0 |
| | Advertising | 0 | 0 | 0 |
| | Depreciation | 0 | 0 | 0 |
| | Other | 0 | 0 | 0 |
| Total Selling Expenses | $39,167 | $43,327 | $47,659 |
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