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The owner of a boot store, Laura, is trying to better understand the profitability of her business. The business incurs fixed costs for store
The owner of a boot store, Laura, is trying to better understand the profitability of her business. The business incurs fixed costs for store rent and insurance totaling $1,134 per month. It sells each pair of boots for $128; each pair costs $74 to purchase from the supplier. Last month, the store's results were disappointing, as it sold only 20 pairs of boots. The store usually sells 29 pairs per month. (b1) Last month, was the store's activity level above or below the break-even point? The store's activity level was the break-even point. (b2) What was its income or loss at the level of activity achieved last month? (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income/(Loss) $ (b3) How much income does it make in a normal month? (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income/(Loss) $
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