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Leonardo Was a Professional Classical Guitarist Until a Motorcycle Accident

question 36

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Leonardo was a professional classical guitarist until a motorcycle accident left him disabled.After long months of therapy,he hired an experienced luthier and started a small shop to make and sell Spanish guitars.The guitars sell for $700,and the fixed monthly operating costs are as follows:  Rent and utilities $800 Wages and benefits to luthier 2100 Other expenses 472\begin{array} { | l | r | } \hline \text { Rent and utilities } & \$ 800 \\\hline \text { Wages and benefits to luthier } & 2100 \\\hline \text { Other expenses } & 472 \\\hline\end{array} Leonardo's accountant told him about contribution margin ratios,and Leonardo understood clearly that for every dollar of sales,$0.60 went to cover his fixed costs,and anything above that point was profit.
What is the amount of revenue Leonardo should earn each month to break even? (Round your answer to the nearest dollar.)

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Media Reporting

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involves making decisions based on one's judgment and authority in situations where the rules may allow for flexibility or the application of personal judgment.

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