Question
In 2019, X Company's profit function was 0.31R - $90,500, where R is revenue. In 2020, the relationship between revenue and variable costs will not
In 2019, X Company's profit function was 0.31R - $90,500, where R is revenue. In 2020, the relationship between revenue and variable costs will not change, but fixed costs will increase by $17,195. Assuming a tax rate of 40%, what will revenue have to be in order for X Company to earn $46,400 after taxes in 2020?
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
