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Electron Manufacturing is a price-taker.Electron produces large spools of electrical wire in a highly competitive market; thus,the company uses target pricing.The current market price of the electric wire is $760 per unit.The company has $3,200,000 in average assets,and the desired profit is a return of 5% on assets.Assume all products produced are sold.The company provides the following information: If variable costs cannot be reduced,how much reduction in fixed costs will be needed to achieve the profit target?
Responsiveness
The quality of reacting quickly and positively to stimuli or requests.
Antianxiety Drugs
Medications used to treat anxiety disorders by reducing symptoms such as worry, fear, and panic attacks.
Exposure Therapy
A psychological treatment that involves gradually and systematically exposing individuals to the objects or situations they fear to reduce anxiety.
Posttraumatic Stress Disorder
A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, severe anxiety, and uncontrollable thoughts about the event.
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