13. Conducting a CVP analysis for a service business, the following data is provided:

Description	Amount ($)
Revenue	80,000
Variable Costs	30,000
Fixed Costs	20,000

Your requirements are as follows:

• Calculate the contribution margin ratio.
• Determine the breakeven point in sales dollars.
• Present the breakeven analysis results in a table.
• Provide a paragraph interpreting the implications of the breakeven analysis.
• Discuss potential strategies for increasing profitability.
• Include a bullet list of recommendations based on the CVP analysis.