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2. A bed and breakfast place has annual fixed costs of $100,000 variable costs of 60% of sales revenue and a tax rate of 30%.

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2. A bed and breakfast place has annual fixed costs of $100,000 variable costs of 60% of sales revenue and a tax rate of 30%. Owner wants an after tax net income of $35,000. What sales revenue must be achieved to provide $35,000 net income after tax? Prepare an income statement to confirm the calculated required sales revenue

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