Risky Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent $($$$8,100),$ depreciation on office furniture $($$$1,400),$ utilities $($$$2,100),$ special telephone lines $($$$1,100),$ a connection with an online brokerage service $($$$2,700),$ and the salary of a financial planner $($$$19,600).$ Variable costs include payments to the financial planner $(8\%$ of revenue$),$ advertising $(13\%$ of revenue$),$ supplies and postage $(3\%$ of revenue$),$ and usage fees for the telephone lines and computerized brokerage service $(6\%$ of revenue$).$

Read the requirements.

Requirement $1.$ Use the contribution margin ratio approach to compute Risky's breakeven revenue in dollars. If the average trade leads to $$1,250$ in revenue for Risky, how many trades must be made to break even?

Begin by showing the formula and then entering the amounts to calculate the required sales dollars for Risky to break even. $($Abbreviation used: CM $=$ contributioh margin.$)$

$()=$ Required sales in dollars

$(+1\%=$ Risky must make $$ trades to break even.