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In 2020, X Company's revenue was $198,000, its total variable costs were $138,600, and its fixed costs were $92,200. For 2021, the company assumes that
In 2020, X Company's revenue was $198,000, its total variable costs were $138,600, and its fixed costs were $92,200. For 2021, the company assumes that the relationship between revenue and variable costs will not change but that fixed costs will increase by 25%. With a 35% tax rate, what will revenue have to be in 2021 in order for X Company to earn $45,200 after taxes? A: $526,463|OB: $615,962 OC: $720,675 | OD: $843,190 E: $986,532 OF: $1,154,242
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