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Given the following data: If sales decrease by 400 units, by what percent would fixed costs have to be reduced to maintain current net income?
Given the following data:
If sales decrease by 400 units, by what percent would fixed costs have to be reduced to maintain current net income?
Sales Less variable expenses Contribution margin Less fixed expenses Net Income Per Total Unit 15 $40,500 21,600 12,500 6,400Step by Step Solution
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