Use the Appropriate Rounding Rule to Answer the Question with the Correct

question 2

Multiple Choice

Use the appropriate rounding rule to answer the question with the correct precision or correct number of significantdigits.
-The average amount spent on food last year by the residents of your town was $3300 per person. The population of your town is 41,790. What was the total amount spent on food last year by the
Residents of your town?

• A)$137,900,000
• B)$140,000,000
• C)$138,000,000
• D)$137,907,000

---

Definitions:

Contribution Margin

The amount remaining after variable costs have been subtracted from revenue, which contributes to covering fixed costs and generating profit.

South Business Segment

A term possibly referring to a division or part of a company that operates in the southern region, focusing on geographical business segmentation.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads in the cost of a product.

Last Year

Refers to the 12-month period directly preceding the current date, used in comparative financial analysis.