Hart Corporation's Net Income Was $400,000 in 2010 and $160,000

question 53

Multiple Choice

Hart Corporation's net income was $400,000 in 2010 and $160,000 in 2011. What percentage increase in net income must Hart achieve in 2012 to offset the decline in profits in 2011?

• A) 60%.
• B) 150%.
• C) 600%.
• D) 67%.

---

Definitions:

Attribution of Benevolence

The assumption or belief that acts or intentions of individuals or entities are motivated by goodwill or a desire to do good.

Trust

The confidence in the reliability, truth, ability, or strength of someone or something, often essential for successful collaborative efforts.

Examination

An assessment intended to measure a test-taker's knowledge, skill, aptitude, physical fitness, or classification in many other topics.

Functional Teams

Groups of individuals who are organized based on the specific functions they perform within an organization, such as marketing or finance.