Schoenen Motors is a small car dealership. On average it sells a car for $33,000, which it purchases from the manufacturer for $29,000. Each month, Schoenen Motors pays $66,000 in rent and utilities and $73,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of $700 for each car they sell. Schoenen Motors also spends $12,000 each month for local advertisements. Its tax rate is 40% Required 1. How many cars must Schoenen Motors sell each month to break even? 2. Schoenen Motors has a target monthly net income of $64,500. What is its target operating income? How many cars must be sold each month to reach the target monthly net income of $64,500? 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 cars Schoenen Motors must sell 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 of $64,500. What is its target operating income? How many cars must be sold each month to reach the target monthly net income of $64,500? Next, determine the formula to calculate the target operating income Target operating income The target monthly operating income is $ Finally, determine the formula to calculate the number of cars that are required to be sold. Quantity of cars required to be sold = Choose from any drop-down list and then continue to the next question ASUS VivoBook U W E R 8 2. Schoenen Motors has a target monthly net income of $64,500. What is its target operating income? How many cars must be sold each month to reach the target monthly net income of $64,500? Let's begin by determining the formula for the breakeven number of cars. Breakeven number of cars = Schoenen Motors must sell 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 of $64,500. What is its target operating income? How many cars must be sold each month to r Next, determine the formula to calculate the target operating income. Target operating income = The target monthly operating income is $ Finally, determine the formula to calculate the number of cars that are required to be sold. Quantity of cars required to be sold == Schoenen Motors would need to sell cars to reach the target monthly net income of $64,500. (Round the number of cars up to the nearest whole number.) Choose from any drop-down list and then continue to the next question. CB ASUS VivoBook