Branch company, a building materials supplier, has $17,800,000 of notes payable due april 12, 2014. at december 31, 2013, branch signed an agreement with first bank to borrow up to $17,800,000 to refinance the notes on a long-term basis. the agreement specified that borrowings would not exceed 85% of the value of the collateral that branch provided. at the date of issue of the december 31, 2013, financial statements, the value of branch's collateral was $19,400,000. on its december 31, 2013, balance sheet, branch should classify the notes as follows: a. $2,670,000 short-term and $15,130,000 current liabilities. b. $17,800,000 of long-term liabilities. c. $16,490,000 long-term and $1,310,000 current liabilities. d. $17,800,000 of current liabilities.

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%