During 2010,Smith Corporation Had an Increase in Total Assets of $70,000

question 87

Multiple Choice

During 2010,Smith Corporation had an increase in total assets of $70,000 and an increase in total liabilities of $90,000.Assuming that capital stock increased by $5,000 and no dividends were paid,calculate Smith's net income or net loss for 2010.

• A)Net loss of $15,000
• B)Net loss of $20,000
• C)Net loss of $25,000
• D)Net income of $15,000

Comprehend leadership motives and their impact on leadership style and effectiveness.

Understand the importance of vision in leadership and organizational success.

Identify the characteristics and behaviors of successful leaders.

Grasp the significance of leadership qualities such as stamina and the ability to inspire others.

---

Definitions:

Marginal Product

The additional output that is generated by employing one more unit of input, such as labor or capital, in the production process.

Optimal Labor Employment

The level at which the addition of one more employee maximizes the organization's net productivity and profit.

Marginal Expenditure

The incremental cost associated with the purchase of an additional unit of a good or service.

Marginal Product

The increase in output that arises from an additional unit of input.