Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started