Collecting Sales Taxes from Customers Always

question 58

Multiple Choice

Collecting sales taxes from customers always

• A)decreases net income.
• B)increases the debt/equity ratio.
• C)increases the current ratio.
• D)decreases net worth.

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Definitions:

Increasing Efficiency

The process of improving the ability to achieve a higher output with the same or fewer resources, often through the optimization of processes.

Capacity for Change

The ability of an individual or organization to adapt to changes effectively and efficiently.

Organization's Mission

A statement that defines the purpose, aims, and values of an organization, guiding its decisions and actions.

Core Processes

Fundamental business operations and activities that are critical to an organization's success and delivery of its primary value proposition.