rimier Corp. forecasts sales of $652,000 for 2020. Assume the firm has fixed costs of $247,000 and variable costs amounting to 33% of sales. operating expenses are estimated to include fixed costs of $32,000 and a variable portion equal to 8.8% of sales. Interest expenses for the coming year are estimated to be $24,000. Estimate Rimier's net profits before taxes for 2020.

compute the estimated net profits before taxes below:

sales revenue:

less: cost of goods sold

fixed cost:

variable cost:

gross profits:

less: operating expenses

fixed expense:

variable expense:

operating profits:

less: interest expense (all fixed):

net profits before taxes: