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In 2019, X Company's profit function was 0.39R - $87,700, where R is revenue. In 2020, the relationship between revenue and variable costs will not
In 2019, X Company's profit function was 0.39R - $87,700, where R is revenue. In 2020, the relationship between revenue and variable costs will not change, but fixed costs will decrease by $18,417. Assuming a tax rate of 30%, what will revenue have to be in order for X Company to earn $38,000 after taxes in 2020
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