baby7AidElanaGF baby7AidElanaGF

04-03-2017
Mathematics

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A restaurant has a sales rev of 500000, vc of 200000, and fixed costs of 200000. the owner wants net income after tax of $40,000. tax rate is 30%. what is the operating income

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morgaine816 morgaine816

04-03-2017

OI= net income after tax/1-tax rate
OI=$40000/1-30%
$40000/70%=$57,142.86

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