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In 2020, X Company's revenue was $202,500, its total variable costs were $121,500, and its fixed costs were $92,900. For 2021, the company assumes that
In 2020, X Company's revenue was $202,500, its total variable costs were $121,500, and its fixed costs were $92,900. For 2021, the company assumes that the relationship between revenue and variable costs will not change but that fixed costs will increase by 16%. With a 35% tax rate, what will revenue have to be in 2021 in order for X Company to earn $45,700 after taxes?
A: $307,020 | B: $445,179 | C: $645,510 | D: $935,989 | E: $1,357,185 | F: $1,967,918 |
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