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XYZ company had sales of 500000 in the year 2019, and it's forecasted that the company's sales in 2020 will reach 800000. The company had
XYZ company had sales of 500000 in the year 2019, and it's forecasted that the company's sales in 2020 will reach 800000. The company had the following expenses in 2019: 1) Cost of goods sold: 70000 2) Operating expenses : Depreciation expense : 14000 Selling expense: 20000 3) Interest expense: 9000 Note that all expenses are variable, and the company's tax rate is 25% Based on the percent of sales method, find the following: Cost of goods sold in 2020. Operating expenses in 2020. Net income before tax in 2020
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