1) please correct target monthly operating cost

2) please correct the number of cars needed to be sold to reach a monthly target of 65,280

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Garrett Motors is a small car dealershlp. On average, it sells a car for $31,000, which t purchases from the manufacturer for $27,000. Each month, Gamett Motors pays $51,600 in rent and utlities and $73,000 for salespeople's salaries. In addition to their salaries salespeople are paid a commission of $600 for each car they sell. Garrett Motors also spends $8,000 each month for local advertisements. Its tax rate is 40%. Read the requirements. Breakeven number of cars Fixed costs Contribution margin per unlt 38 each month to break even. Garrett Motors must sel Requirement 2. Garrett Motors has a target monthly net income of S65,280. What is its targeted monthly operating income? How many cars must be sold each month to reach the target monthly net income of $65,280 Determine the tormula to calculate the target operating Income Target Targeted net income Tax rate )operating income The target monthly operating income is 108,800 Finally detemine the tormula to calculate the number ot cars that are required to be sold Quantity of cars Target operating income+ Contribution margin per unit Fixed casts required to be sold They would need to sell 71 cars to reach the target monthly income of $65,280 Move your pointer over or tap on the cells with red arrows to see incorrect answers