The ABC Electronics Company manufactures and sells smartphones. The company's fixed costs are $300,000 per year, and it sells each smartphone for $400. The variable cost of producing one smartphone is $200. The company is currently selling 1,000 smartphones per month.

1. Calculate the company's current monthly profit and the contribution margin ratio.

1. The company wants to increase its monthly profit to $50,000. Determine the number of additional smartphones it needs to sell each month to achieve this target.

1. If the company reduces the selling price to $350 per smartphone and the fixed costs increase to $350,000 per year, calculate the new breakeven point in terms of the number of smartphones it must sell each month and the new breakeven sales revenue.

1. Discuss the implications of the breakeven analysis and the impact on profitability if the company's actual sales exceed the breakeven point.