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A hospitality operation has sales revenue of $575,000 with variable costs averaging 35%. Fixed costs are $288,000. The owner wants a net income after tax
A hospitality operation has sales revenue of $575,000 with variable costs averaging 35%. Fixed costs are $288,000. The owner wants a net income after tax of $75,000. Calculate the total additional sales revenue needed to support the desired net income after tax. Assume a tax rate of 30%
Select one:
a. $607,910
b. $58,100
c. $16,538
d. $32,910
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