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How much additional revenue is necessary

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Question - Annual sales in a restaurant are $620,000. Food expense is 35% and wage expense is 20%. Fixed expenses are $145,000. The tax rate is 13%.

Required -

1. What is the present annual profit?

2. The owners want to take $8,000 more per year out of the business. How much additional revenue is necessary to maintain the present profit level?

Reference no: EM133111454

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