Entrepreneurs use a(n) ________ to track assets and liabilities

"Facilitating payments" are payments to secure contracts that would not otherwise be secured

Indicate whether the statement is true or false.

Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its financial statements for Year 7. Selected financial information for Year 6 is provided in the table

What is long term debt, the plug variable, for the forecasted year? To calculate forecasted current liabilities use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7. Selected Financial Information Outlaws Inc ($ millions) Year 6 Forecast Revenue $29,210 $30,817 Net Income $627 $685 TOTAL ASSETS $14,700 $14,645 LIABILITIES AND STOCKHOLDERS' EQUITY Total Current Liabilities 3,651 Long Term Debt 4,208 Shareholders' Equity Common Stock 1,192 1,192 Retained Earnings 5,089 Total Shareholders' Equity 6,281 Total Liabilities & Shareholders' Equity 14,700 A) $3,859 B) $3,336 C) $3,827 D) $6,397 E) $10,236