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Warm-Up 4-5 (similar to) Question Help Rimier Corp. forecasts sales of $647,000 for 2020. Assume the firm has fixed costs of $245,000 and variable costs amounting to 36% of sales. Operating expenses are estimated to include fixed costs of $29,000 and a variable portion equal to 6.4% of sales. Interest expenses for the coming year are estimated to be 516,000. Estimate Rimier's net profits before taxes for 2020 Rimier Corp Pro Forma Income Statement 2020 Sales revenue Less: Cost of goods sold Fixed cost Variable cost Gross profits Less: Operating expenses Fixed Expense Variable expenses Operating profits Less: Interest expense (all fixed) Enter any number in the edit fields and then click Check Answer Clear All All parts showing Check Answer Terms of Use | Privacy Policy Permissions Contact Us Copyright © 2019 Pearson Education Inc. All rights reserved. Type here to search imier Corp. forecasts sales of $647,000 for 2020. Assume the firm has fixed costs of $245,000 and variable costs amounting Estimated to include fixed costs of $29,000 and a variable portion equal to 6.4% of sales. Interest expenses for the coming yea imier's net profits before taxes for 2020. Sales revenue Less: Cost of goods sold Fixed cost Variable cost Gross profits Less: Operating expenses Fixed Expense Variable expenses Operating profits Less Interest expense (all fixed) Net profits before taxes Enter any number in the edit fields and then click Check Answer All parts showing Clear All Copyright © 2019 Pearson Education Inc. All rights reserved. Terms of Use Privacy arch

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