Calhoun Computech Used Internal Financing as a Source of Long-Term

question 4

Multiple Choice

Calhoun Computech used internal financing as a source of long-term financing for 80% of its total needs in 2011. The company borrowed an additional 15% of its total needs in the long-term debt markets in 2011. What were Calhoun's net new stock issues,in percentage terms,for 2011?

• A) -10%
• B) -5%
• C) 5%
• D) 10%
• E) 15%

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Definitions:

Directors

Individuals appointed to oversee the activities and manage the affairs of a company.

Officers

Individuals appointed to manage day-to-day activities and make executive decisions in a corporation, such as CEOs, CFOs, and COOs.

Corporate Liability

The legal concept that a corporation, separate from its associated individuals, can be held accountable for its actions and responsibilities.

Cable Shipping Ltd.

Appears to be the name of a specific company rather than a recognized key term. NO.