Fall 2020 Question One (80 Points) Tim's Bicycle Shop sells high-speed bicycles. The shop's annual fixed costs are $119,000. The unit sale price averages $40, and its variable cost for each bicycle is $26. A. How many bicycles must the shop sell to breakeven? (20 Points) Calculation Final answer (20 Points) B. What is the breakeven point sales value in Dollars? Calculation Final answer C. To earn a target profit of $105,000, what is the sales value in dollars that the shop required to achieve? (20 Points) Calculation Final answer D. If fixed cost increased by 10%, compute the shop's breakeven point in units. (20 Points) Calculation Final answer Question Two (20 Points) Using your own words, explain why Break-even point analysis is important in planning for decision makers