WORKING PAPERS F/ FUND ACCOUNTING
WORKING PAPERS F/ FUND ACCOUNTING
22nd Edition
ISBN: 9781308868394
Author: Wild
Publisher: MCG CUSTOM
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Chapter 3, Problem 8DQ

What is an accrued revenue? Give an example..

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Everett Corporation started the year with long-term debt of $85,000, which represents the principal balance of a loan payable to Sunrise Bank. During the year, the company made total payments of $20,400, which included $6,400 in interest. Additionally, the company took out a new loan of $14,000. Determine the value of ending long-term debt.
A company has variable costs of 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the amount of sales required to achieve a net income of $70,000?
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Current assets and current liabilities; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Jw4TaiP42P4;License: Standard youtube license