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A restaurant currently has a sales revenue of $1,000,000 with variable cost averaging 60%. Fixed costs...

  1. A restaurant currently has a sales revenue of $1,000,000 with variable cost averaging 60%. Fixed costs are $300,000. The owner wants a net income after tax of $150,000 and the tax rate is 20%

    1. Determine the “current” net income after tax

    2. Determine the “new” required total sales revenue based on owner’s request

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