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

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The owner of a restaurant and bar operation wants a 20 percent net income after-tax return on his investment of $180,000. The tax rate is 28 percent. What is the net income before tax and the income tax?

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 01:11 AM

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

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Hospitality Management Accounting

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