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Compute the estimated net profits before taxes below: (Round to the nearest dollar.) Rimier Corp. forecasts sales of S6S5,000 for 2020. Assume the firm has
Compute the estimated net profits before taxes below: (Round to the nearest dollar.)
Rimier Corp. forecasts sales of S6S5,000 for 2020. Assume the firm has fixed costs of $251 ,000 and variable costs amounting to 32% of sales. Operating expenses are estimated to include fixed costs of S34,000 and a variable portion equal to 6.2% of sales Interest expenses for he coming year are estimated to be $21 ,000. Estimate Rimier's net profits before taxes for 2020. :ompute the estimated net profits before taxes below: (Round to the nearest dollar) Rimier Corp Pro Forma Income Statement 2020 Sales revenue Less: Cost of goods sold Fixed cost Variable cost Gross profits Less: Operating expenses Fixed Expense Variable expenses Operating profits Less: Interest expense (all fixed) Net profits before taxes
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