The owner of a restaurant and bar operation wants a 20% net income after-tax return on his

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The owner of a restaurant and bar operation wants a 20% net income after-tax return on his investment of $200,000. The tax rate is 28%. What is the net income before tax and the income tax?

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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Question Posted: Jun 21, 2024 09:00 AM

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The owner of a restaurant and bar operation wants a 20% net income after-tax return on his

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Hospitality Management Accounting

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