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In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, what must revenue be in 2015 in order for X Company to earn $47,100 after taxes? (Round rates to two decimal places.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91361806

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