X Companys profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming

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X Company’s profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming a tax rate of 38%, what must next year’s revenue be in order for X Company to earn after-tax profits of $28,000?

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Practical Business Statistics

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6th edition

Authors: Andrew Siegel

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Posted Date: Nov 23, 2017 01:43 AM

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X Companys profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming

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Tax rate38 Aftetax profits28000 Before tax profi... View the full answer

Practical Business Statistics

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