only number 6 and 7

ACG 2071 Comprehensive Problem Il When submiting the completed project, it should include: Piease show all work and number each answer accordingly Round all answers to two decimal places. 1. 2. Port -Use CVP to Plon Profits-(w Nottingham News Company has the rights to sell and deliver the city newspaper in a designated area in the c pays $10.00 per month for each nowspaper subsciption. In addition to this variable cost, Nottingham News has fixed costs of $3,000 per month. Notingham News curently actfivity ountry. A monthly subscription sells for $30.00 and Nottingham Nows level Iis 700 subscriptions Required Calculate the contribution margin ratio and explain the ratio as it pertains to Nottingham News Company 1. 2. Use the mathematical formula to calculate Nottingham News monthly breckeven 3. Use the shortcut contribution margin appr 4. Prove the breakeven point by preparing a contribution margin income statement 5. Use the contribution margin ratio, which you calculated in number one to compute 6. Calculate the margin of safety ratio and explain the ratlo as it pertains to Nottingham 7. The owner of Nottingham News' wants to eam a $10,000 profit per month. Calculate point in units (number of subscriptions). oach to calculate Nottingham News monthly breakeven in units (number of subscriptions). Nottingham News' breckeven point in sales dollars. News Company the sales volume in units (number of subscriptions) and sales dollars required to achieve this level of profit