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9.1 Boiler Bistro is projecting the following operating statistics for the year 2021: Net income required: 22% after income tax on the owner's present investment

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9.1 Boiler Bistro is projecting the following operating statistics for the year 2021: Net income required: 22% after income tax on the owner's present investment of $82,000. Depreciation: present book value (consolidated) of all equipment is $63,000, the depreciation rate is 20% Interest: Interest on a loan outstanding of $35,000 is 8%. Income tax rate: 30% For Variable costs: food cost takes 41% of sales revenue wage cost takes 34% of sales revenue other costs take 12% of sales revenue . You also know a couple of other costs: insurance: $3000 license: $2,500 Utilities: $8,400 - Maintenance: $3,600 Administration: $5,400 Salaries: 40000 a What is the required Net Income After Tax? b The income tax is: 9.2 Given all information above, what is the sales revenue would the restaurant have to achieve in 2021 in order to acquire the desired net income after tax? 2 Points IATEX

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