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%.

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Definitions:

Stock Market

The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought and sold, reflecting the economic health of a country.

Corporation

A legal entity recognized by law as a separate entity from its owners, capable of holding assets, borrowing money, and being sued.

Bondholders

Individuals or entities that hold debt securities typically issued by corporations or governments, entitling them to repayment of principal plus interest.

Inheritance Laws

Inheritance laws are the legal statutes and regulations that govern the distribution of a deceased individual's estate among heirs and beneficiaries.