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Rimier Corp. forecasts sales of $646,000 for 2020 . Assume the firm has foxed costs of $246,000 and variable costs amounting to 34% of sales.
Rimier Corp. forecasts sales of $646,000 for 2020 . Assume the firm has foxed costs of $246,000 and variable costs amounting to 34% of sales. Operating expenses are estimated to include fixed costs of $30,000 and a variable portion equal to 8.9% of sales. Interest expenses for the coming year are estimated to be $25,000. Estimate Rimier's net profits before taxes for 2020. Compute the estimated net profits before taxes below: (Round to the nearest dollar.) Get more help - Rimier Corp. forecasts sales of $646,000 for 2020 . Assume the firm has fixed costs of $246,000 and variable costs amounting to 34% of sales. Operating expenses are estimated to include fixed costs of $30,000 and a variable portion equal to 8,9% of sales. Interest expenses for the coming year are estimated to be $25,000. Estimate Rimier's net profits before taxes for 2020
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