X companys profit equation next year is expected to be, Accounting Basics

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X companys profit equation next year is expected to be

Question: X Company's profit equation next year is expected to be 0.47R-$12,400, where R is total revenue. Assuming a tax rate of 30%, what must next year's revenue be in order for X Company to earn after-tax profits of $20,000? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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