Requirement 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product. Begin by calculating the (a) total sales revenue. Rearrange the income statement formula to solve for the amount. (Round your answer to the nearest cent.) (b) The selling price per unit is (c) Calculate the rate of return on investment. Determine the formula you will use and then enter the amounts. (Round the return on investment to the nearest whole percentage.) (d) Calculate the markup percentage on full cost for this product. Determine the formula you will use and then enter the amounts. (Enter the per unit amounts to the nearest cent. Enter the markup as a percentage rounded to two decimals.) Begin by calculating the new total revenues. (Round your answer to the nearest whole dollar.) (Round your answer to the nearest cent.) The new selling price is Requirement 3 . Assume the CEO institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower product quality resulting in 5% income (loss). (Enter operating losses with a minus sign or parentheses.) Requirement 4. What concerns, if any, other than the quality problem described in requirement 3 , do you see in implementing the CEO's plan? Explain briefly. A. The CEO has not considered outsourcing manufacturing work to decrease wages. The concern the CEO must ask is "Will outsourcing manufacturing cause the work to be lower quality?". B. The CEO has not considered implementing an employee teamwork scenario. The concern the CEO must ask is "Will the employees be open to working on projects in a team setting?". C. The CEO has not considered inflation in manufacturing supply prices. The concern the CEO must ask is "Will they be forced to raise prices due to inflation but competitors not raise prices?". D. The CEO has not considered customers in these pricing decisions. The concern the CEO must ask is "Will customers continue to want the product at these prices?". Data table