WP20-40A (similar to) Question Help Big Time Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($6,800), depreciation on office furniture (51,400), utilities ($2,500), special telephone lines ($1,500), a connection with an online brokerage service ($2.500), and the salary of a financial planner (S4,300). 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 Big Time's breakeven revenue in dollars. If the average trade leads to $1,000 in revenue for Big Time, 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 Big Time to break even. (Abbreviation used: CM = contribution margin.) ( Fixed costs Target profit ) CM ratio = Required sales in dollars 1 % = [ Enter any number in the edit fields and then click Check Answer. 11 parts 11 remaining Clear All Check