Suppose a Firm Buys $1000 Worth of Inputs from Other

question 23

Multiple Choice

Suppose a firm buys $1000 worth of inputs from other firms,hires $1000 worth of labour services,and has sales revenue of $2500.The firm's resulting profit is $500.According to a value-added tax such as the GST,this firm would pay taxes on

• A)$500.
• B)$1000.
• C)$1500.
• D)$2500.
• E)$4500.

Recognize the importance of liquidity measures such as current, quick, and cash ratios.

Analyze financial statements to compute key financial ratios.

Understand the significance of cash flow activities including operating, investing, and financing activities.

Evaluate company performance and financial health through ratio analysis.

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