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Indicate whether the statement is true or false
True
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Cooper's inventory has been financed 100% with a long-term note. The note is coming due in 2016. Cooper has received a commitment from a new lender that permits five-year refinancing of debt up to an amount equal to 50% of inventory, which is expected to range between $14,000 and $20,000 in 2016. At December 31, 2015, how much of the company's currently maturing note payable can be classified as
long-term debt? A) $7,000 B) $6,000 C) $10,000 D) $9,000
A company's balance sheet shows: cash $24,000, accounts receivable $30,000, equipment $50,000, and equity $72,000. What is the amount of liabilities?
A. $76,000. B. $68,000. C. $104,000. D. $176,000. E. $32,000.
The development of a new television shows using the same format as an existing series is an example of a dynamically continuous innovation
Indicate whether the statement is true or false
In a diversified company, the strategy-making hierarchy consists of
A. business strategies, functional strategies, and operating strategies. B. its diversification strategy, its line of business strategies, and its operating strategies. C. corporate strategy and a group of business strategies (one for each line of business the corporation has diversified into). D. corporate strategy, business strategies, functional strategies, and operating strategies. E. corporate or managerial strategy, a set of business strategies, and divisional strategies within each business.