Question
16 A hospitality operation has a variable cost averaging 40% and fixed cost are $200,000. The owner wants a net income after tax of $50,000
16
A hospitality operation has a variable cost averaging 40% and fixed cost are $200,000. The owner wants a net income after tax of $50,000 based on tax rate of 25%. What is the required sales revenue? Round to dollar
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
