Current ratio is a liquidity ratio but all others are market ratios.

PV annuity=500*1-(1/(1+0.015)^60)/0.015=19,690

A statement of cash flows has three sections; cash-flows from operating, investing, and financing activities.

An annuity is a series of equal cash flows that occur for a given period at regular intervals. Examples of annuities include loan repayments in instalments of equal amounts, interest payments on bonds, mortgage payments, insurance payments, rent payments, etc. 

Financial intermediary is an institution that acts as a middleman between borrowers and lenders. Correct answer is A.

Periodic rate:2%

Number of periods: 8

200*(1+0.02)*(1+0.02)*......(1+0.02)(8 times)= 234.2

PV= 200/0.20=1000

FV= PV * (1 + r)

250*(1+0,08)=250*1.08=270

Break-even point = Fixed Costs / (Price-Variable Cost per unit ) =  600,000 /(50-20) =600,000/30= 20,000

Financial system is one of the most influential external elements in the environment companies operate in. A financial system consists of five core components. They are borrowers, lenders, financial intermediaries, financial instruments, and legal and administrative rules.

A variable cost increase or decrease depending on the volume of the company. The correct answer is D. 

pv=25,000/(1+0.2)^10=4037

The valuation of perpetuities are highly dependent upon the interest rate. Since interest rate is located in the denominator of the present value formula, an increase in interest rates would lead to lower present value of the given consol, keeping everything else constant.

The corporate governance approach of the Turkish Commercial Code is based on four pillars that have universal characteristics within the context of corporate governance. Those pillars are

The use of debt, or in other words the extent of financial leverage determines the level of financial risk. 

Due to inflation, they cannot buy more goods and services with the same amount of money in the future.   

The difference between the sales revenue and the total variable costs is named as the contribution margin. The difference between the sales price per unit and the variable costs per unit gives the unit contribution margin. At the break-even point the contribution margin equals the total fixed costs. The unit contribution margin calculation enhances the management to decide for efficient capacity allocations.

_____ is used to measure the full effects of an economic transaction which takes place within an accounting period regardless of the timing of cash outcomes.

debt ratio=total liabilities/total assets = $180.000 + $120.000 / $500.000 = 0,6