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Colin 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: Colin's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales,$0.60 went to cover his fixed costs,and that anything past that point was pure profit.
What is the amount of revenue Colin should earn each month to break even?
Self-Protective Mechanisms
Psychological strategies used by individuals to defend themselves against feelings of vulnerability or stress, often unconsciously.
Compulsive Attitudes
Behaviors or thought patterns that are driven by an irresistible urge, often leading to actions that are excessive or unreasonable.
Neurotic Needs
are compulsive attachments to specific behaviors or thoughts that individuals believe are necessary for their survival or well-being, often leading to unhealthy patterns.
Self-Sufficiency
The ability to fulfill all of one's needs independently, without reliance on external resources.
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