Complete Question 3-16 and Exercise 3-33. 3-16: "I am going to work for a hospital, which is a not-for-profit organization.

Complete Question 3-16 and Exercise 3-33.3-16: “I am going to work for a hospital, which is a not-for-profit organization. Because there are no profits, I will not be able to apply any CVP analysis in my work.” Do you agree with this statement? Why or why not?3-33 CVP with income taxesCrest Industries sells a single model of satellite radio receivers for use in the home. The radios have the following price and cost characteristics:$80 per radio$32 per radio$360,000 per monthCrest is subject to an income tax rate of 40 percent.SHOW ALL STEPS:a.