Rimier corp forecasts 647000 for 2016. Assume the firm has fixed costs of 253000 and variable costs amounting to 35% of sales. Operating expenses are estimated to include fixed costs of 34000 and a variable point equal to 9.1% Of sales. Interest expenses for the year are estimated to be 24000. Estimate ringers net profits before taxes for 2016.
Sales revenue
Less cost of goods sold
Fixed cost
Variable cost
Gross profit
Less operating expense
Fixed expense
Variable expense
Operating profitless
Interest expense ( all fixed)
Net profits before taxes