Question 1107776
575,000 + 1.30x + 140,000 = 5.75x
1.30x = -715,000 + 5.75x
-4.45x = -715,000 = 160,675
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Check:
160,675 * 5.75 = 923,881.25 total revenue. Deduct expenses:
923,881.25 - (575,000 + 1.30(160,675)) = 140,000 Correct