Question
Rimier corp forecasts sales of 647,000for 2016. Assume the firm has fixed costs of 245000 and variable costs amounting to 31% of sales. Operating expenses
Rimier corp forecasts sales of 647,000for 2016. Assume the firm has fixed costs of 245000 and variable costs amounting to 31% of sales. Operating expenses are estimated to include fixed costs of 26000 and a variable portion equal to 6.6% of sales. Interest expenses for the coming year are estimated to be 19000. Estimate rimier net profits before taxes for 2016. I dont think my answers are right . This is what I need sales revenue, fixed costs , variable costs, gross profit, fixed expense, variable expense, operating profit interest exoense( all fixed), and net profit before taxes
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