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%

The purpose was to regulate European colonization and trade in Africa during the New Imperialism period. Coincidentally this period of time was also a time when Germany was just suddenly emerging as an Imperial power. The conference was organized by the first Chancellor of Germany, Otto Von Bismarck.

Explanation: