Amalgamated Corporation's Net Income Was $2,400,000 in 2017 and $800,000

question 26

Multiple Choice

Amalgamated Corporation's net income was $2,400,000 in 2017 and $800,000 in 2018.What percentage increase in net income must Amalgamated achieve in 2019 to offset the decline in profits in 2018?

• A)75%
• B)300%
• C)33.33%
• D)800%

Grasp the key performance metrics for investment centers, including profit margin, investment turnover, and return on investment.

Analyze performance using the balanced scorecard.

Calculate departmental income and gross profit for divisions.

Understand the concept of residual income and how it is calculated for divisions.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

2010 U.S. Census

A decennial enumeration of the population of the United States conducted in 2010, providing detailed demographic information.

Racial Categories

Classifications of human beings based on physical characteristics, ancestry, genetics, or social relations, often constructed socially and politically.

Preventive

Actions or measures taken to reduce the risk of a problem or disease before it occurs.