Haworth Company is a management consulting firm. Last month, Haworth completed a consulting job for Client 76 and assigned total costs of $ 16,400 to the job. Haworth desires a 20% target operating income after covering all costs. What would Haworth have to charge the customer to achieve that operating income? Round to two decimal places. Select the formula, then enter the amounts to compute the required service revenue to achieve the desired operating income.
1) (Desired operating income or total cost of job) / (operating income as a percentage of revenue or total cost as a percentage of revenue)
2) (Value) / (value) = (Required service revenue)