For Pierce Company, Sales Is $500,000, Variable Expenses Are $340,000

question 46

Multiple Choice

For Pierce Company, sales is $500,000, variable expenses are $340,000, and fixed expenses are $140,000. Pierce's contribution margin ratio is

• A) 4%.
• B) 28%.
• C) 32%.
• D) 68%.

---

Definitions:

Public Accommodation

Businesses and buildings that are open to the public and must legally provide equal service to all people, without discrimination.

Prior Restraint

A governmental action that prevents the publication or broadcast of specific materials or speech, often considered a violation of free speech rights unless justified by national security concerns.

Expression

The process of making known one's thoughts, feelings, or ideas through speech, writing, art, or other forms of communication.

Activity

Actions or tasks performed by individuals or groups, which can range from physical endeavors to mental efforts.