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In 2013, X Company's revenue was $206,100, its total variable costs were $121,050, and its fixed costs were $91,300. Assume that the revenue and variable cost relationships continue in 2014, but fixed costs increase by 23%. If the tax rate is 35%, what must revenue be in 2014 in order for X Company to earn $42,000 after taxes? (Round rates to two decimal places.) please have specific steps

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9954255

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