20. A restaurant has sales revenue of $1,000,000 with average variable cost of 40%. Fixed...
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Accounting
20. A restaurant has sales revenue of $1,000,000 with average variable cost of 40%. Fixed costs are $300,000. Tax rate is 25% and a net income after tax of $80,000 is required. (a) Find out the breakeven sales revenue (b) Find out the total sales revenue required to cover fixed costs, tax, and net income after tax
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