The Following Pertains to Upton Co Upton's Margin of Safety Is: (CPA Adapted)
A) $300,000

question 154

Multiple Choice

The following pertains to Upton Co. for the year ending December 31, 2019:
$\begin{array}{llr} \text {Budgeted Sales } &\$1,000,000\\ \text { Break-even Sales } &700,000\\ \text { Budgeted Contribution Margin } &600,000\\ \text { Cash flow Break-even } &200,000\\\end{array}$

Upton's margin of safety is: (CPA adapted)

• A) $300,000.
• B) $400,000.
• C) $500,000.
• D) $800,000.

Understand the objective of financial management and its centrality to existing shareholders.

Distinguish between different markets such as primary, secondary, and OTC markets.

Comprehend the purpose and content of fundamental corporate documents.

Grasp the concepts related to working capital management and its importance.