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
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If you have serious concerns about the qualifications of a job candidate who has asked you for a written recommendation, you should
A) avoid mentioning them in the letter of reference. B) include allegations of misconduct in reference letter. C) elect not to write the recommendation. D) express your concerns via social media. E) tell the candidate you do not feel they are qualified.
Some software companies, such as Tacit Systems, Hivemine, and Safeharbor Knowledge Solutions have developed _____, tools that facilitate knowledge sharing through intranets.
Fill in the blank(s) with the appropriate word(s).
Examples of revenue accounts include all of the following except:
a. Delivery Fees. b. Wages. c. Professional Fees. d. Sales. e. Medical Fees.
In which of the following ways do debt and equity securities necessarily differ?
A) In their characteristic of being sources for corporate financing. B) In whether they represent an ownership interest. C) Voting rights. D) Debt and equity securities do not differ in any of these ways.