The Following Information Is for Gable, Inc

question 164

Multiple Choice

The following information is for Gable, Inc. and Harlowe, Inc. for the recent year. What total amount of net income will Harlowe, Inc. earn if it experiences a 10 percent increase in revenue?

• A) $180, 000
• B) $80,000
• C) $260,000
• D) $20,000

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Definitions:

Liability

Legal responsibility or obligation for actions, debts, or losses, possibly subjecting a person or entity to legal penalties.

Adjustment Refusal

A response or decision not to modify or change a position, policy, or approach despite requests or suggestions to do so.

General Plan

A comprehensive layout or blueprint guiding the overall objectives and strategies of an endeavor.

Counterproposal

A proposal offered in response to one previously made, usually differing in details or terms.