The Budgeted Income Statement Presented Below Is for Griffith Corporation

question 2

Multiple Choice

The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year. If Griffith Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be:

• A) $172,420.
• B) $150,000.
• C) $262,500.
• D) $275,862.
• E) $310,115.

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Definitions:

Alkaline

Referring to a basic, as opposed to acidic, substance with a pH level greater than 7.

Hydroxide Ions

Negatively charged ions, OH-, produced when a hydroxide compound dissolves in water, basic in nature.

Bases

Substances that accept protons according to the Brønsted-Lowry definition or donate electrons in the Lewis definition, commonly displaying a pH greater than 7.

Buffers

Substances that minimize changes in the pH of a solution when an acid or base is added to it, helping to maintain stability in biological systems.