Question: Assignment Topic To Student: :| You are required to prepare the following items: (or You are required to do/conduct the followings): Task-1: (2+2=4 Marks) SmartCar

Assignment Topic To Student: :| You are required to prepare the following items: (or You are required to do/conduct the followings): Task-1: (2+2=4 Marks) SmartCar is a car shop. It sells a car for 30,000 USD, which it purchases from the manufacturer for 26,000 USD. Each month, SmartCar pays 55,000 in rent and utilities and 75,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of 800 USD for each car they sell. SmartCar also spends 14,000 USD month for local advertisement. Its tax rate is 40%. Required: 1. How many cars must SmartCar sell each month to break even? 2. SmartCar has a target monthly net income of 59,520. What is its target monthly operating income? How many cars must the company sell each month to reach the target monthly net income of 59,520

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