P7-64A (similar to) Question Help 3 Planning Specialists Investors is opening an office in Orlando. Florida. Fixed monthly expenses are office rent ($2,600), depreciation on office furniture ($270), utilities ($290), special telephone lines ($650), a subscription to an online brokerage service ($700), and the salary of a financial planner ($1,490). Variable expenses include payments to the financial planner (10% of revenue), advertising (5% of revenue), supplies and postage (2% of revenue), and usage fees for the telephone lines and computerized brokerage service (8% of revenue). Read the requirements Requirement 1. Compute the investment firm's breakeven revenue in dollars. If the average trade leads to $500 in revenue for Planning Specialists, how many trades must it make to breakeven? First identify the formula to calculate the breakeven point in dollars Breakeven sales Requirements Compute the investment firm's breakeven revenue in dollars. If the average trade leads to $500 in revenue for Planning Specialists, how many trades must it make to breakeven? 1. 2. Compute dollar revenues needed to eam monthly operating income of $5,250 3. Graph Planning Specialists's CVP relationships. Assume that an average trade leads to $500 in revenue for the firm. Show the breakeven point, sales revenue line, fixed expense line, total expense line, operating loss area, operating income area, and sales in units (trades) and dollars when monthly operating income of $5,250 is earned. The graph should range from 0 to 40 units (trades) Assume that the average revenue that Planning Specialists Investors earns decreases to $400 4. Choo per trade. How does this affect the breakeven pointin number of trades? 10 Print Done