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%.

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Definitions:

Social Needs

Refers to the essential human requirements for belonging, love, and interaction with others.

Persistence

The quality of continuing steadfastly despite challenges or obstacles.

Motivation

The method that begins, directs, and sustains actions aimed at achieving objectives.

Process Theories

Refer to models and concepts that explain the dynamics of how processes, such as decision-making or motivation, unfold over time within organizations.