estion Completion Status: Best Bikes, Inc. Product Mix - 2020 Key Sales & Financial Information Quanity Unit Retail Sold ( Advertising Utilities/0 Category/Segment Brand Price Unit Cost of Units) Expenses Salaries ther Rent Recreational Relaxo Cruiser $500 $ 350 900 $ 70,000 $ 60,000 $1,500 2,000 Mountain Everest $600 $ 400 700$ 50,000 $ 60,000 $1,500 2,000 Mountain K2 $950 $ 425 650 $ 40,000 $ 60,000 1,500S 2,000 Speed Velocity Max Force $1,400 $ 750 550 S 80,000 $ 60,000 $ 1.5002,000 Speed Velocity Racing $2,100 $ 1.100 300 $ 120,000S 60,000 $ 1.500S 2,000 TOTAL $360,000 $ 300,0007,500 $ 10,000 1 (5 marks total) Calculating break even is a common activity for marketers. Answer the questions below regarding break-even * Explain what break even analysis is (1 mark) b. Why is it important for a company to know its break even? (1 mark) What is the break even point (in quantity) for the Everest brand? (2 marks) Show your work! Don't just provide a number d Identity one change Best Bikes can make to decrease the break even point of the above brand (1 mark)