Break Even Analysis Managers use tools like the Break-Even Analysis in both the planning and controlling functions of Management. In this assignment, you'll practice using the Break-Even formula to help Ryan determine when his business will begin to turn a profit Instructions: Using the information from the Learning Module 2. calculate the break-even point in each of the scenarios. Provide a response to the questions in the conclusion. Be sure to use either Word or Excel and to show your work. Scenario 1 After receiving bad service at the local car wash, Ryan has decided to start VDB Detailing! One of his first decisions when planning his business - he needs to calculate the number of vehicles he will need to detail before breaking even. His uncle has offered to let him use a small section of his shop for only $300 per month. Ryan is going to pay his friend, Gabe, $10/hour to help him. He has estimated his additional expenses and other details to be the following: Insurance $200/month His share of monthly utilities $95 Wax (will yield 10 cars) $19.00 Towels, soap, and other supplies $3.00/vehicle Leasing of equipment $100/month Marketing $105/month budgeted He estimates that it will take him 4.5 hours to detail a vehicle if he has help from his friend, He plans to charge $120 per vehicle, . . Question 1. How many vehicles does Rvan need to detail warh months to break uan? Scenario 2 Ryan is now considering leaving his full-time job to grow his business but does not want to lose his salary. Question #2 - If he decides to pay himself $2000 per month how many cars does he have to detail in a month now to break even? Assume all other figures remain constant from scenario 1. Conclusion Are these numbers attainable? Please explain. List two suggestions you could give Ryan that would affect his break even point in a favorable manner, using the Break Even Formula to justify them. Responses copied from an internet source, out of the text, or from homework sites com no credit, as they are o violation of College Academic Integrity Policy File formats occepted for this assignment are doc, .docx, xls xlsx, or pdf only. Be sure to verify your submission has been uploaded