1. The welcome Corporation manufactures balls. Each ball sells for 49 and has a variable cost of 21. There are $32,000 in fixed costs involved in the production process. a. Compute the break-even point in units. b. Find the sales (in units) needed to earn a profit of $12000. 2. Ali is analyzing the performance of its cash management. On average, the firm holds inventory 75 days, pays its suppliers in 25 days, and collects its receivables in 10 days. The firm has a current annual outlay of $ 1 million in operating cycle investments. Ali currently pays 10 percent for its negotiated financing. (Assume a 360 day year.) (a) Calculate the firm's cash conversion cycle. (b) Calculate the firm's operating cycle. (c) Calculate the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days