The budget estimates made during the concept phase are usually accurate to within:

Meson Productions is a price-taker

Meson 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 $770 per unit. The company has $3,100,000 in average assets, and the desired profit is a return of 4% on assets. Assume all products produced are sold. The company provides the following information: Sales volume 110,000 units per year Variable costs $680 per unit Fixed costs $14,000,000 per year If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the profit target? A) $4,224,000 B) $14,000,000 C) $4,100,000 D) $14,124,000

The U.S. government's most comprehensive source of world trade data is:

A) National Trade Data Base (NTDB). B) Census Bureau. C) Bureau of Economic Analysis. D) Eurostat. E) Gross Domestic Product (GDP).