Requirement 1. How many cars must Schoenen Motors sell each month to break even? Let's begin by determining the formula for the breakeven number of cars. Breakeven number of carsSchoenen Motors is a small car dealership. On average it sells a carfor 533.0011, which it purchases from the manufacturer for $29,901:. Each month, Schoenen Motors pays mill\") in rent and utilities and Sirll] for salespeople's salaries. In addition to their salariesr salespeople are paid a commission of Hill] for each car they seE. Schoenen Motors also spends 512.0% each month for local advertisements. Its tax rate is lu. Required 1. How many cars must Schoenen Motors sell each month to break even? 2. Schoenen Meters has a target monthly net income MSG-1,500. What is its target operating income? How many cars must be sold each mmm to reach the target monthly net income of 564.590? Schoenen Motors must sell '1 cars each month to break even. {Round the number of cars up to the nearest whole number.) Requirement 2. Schoenen Motors has a target monthly net income oi $64.50!]. What is its target operating income? How many cars must he sold each month to reach the target monthly net income of 564.5%? Next, determine the formula to calculate the target operating income. Target operating income :I - E The target monthly operating income is 5H. \f