In 2020, X Company's revenue was $184,500, its total variable costs were $112,545, and its...
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In 2020, X Company's revenue was $184,500, its total variable costs were $112,545, and its fixed costs were $93,200. For 2021, the company assumes that the relationship between revenue and variable costs will not change but that fixed costs will increase by 20%. With a 40% tax rate, what will revenue have to be in 2021 in order for X Company to earn $47,000 after taxes?
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