19. Long-term debt does not include: A) taxable bonds B) non-taxable bonds C) accounts payable D) mortgages 20. A cash collections budget does not include: A) uncollectible accounts B) collections from last month C) current month collections D) deposits on cash sales 21. Variances may: A) measure forecasting ability B) show the need for cash financing C) predict future cash deposits D) never be useful 22. At breakeven point, a NFP organization has a contribution margin of $60,000 and revenues of $100,000. Fixed costs would be: A) $100,000 B) $60,000 C) $40,000 D) SO 23. Current assets include: A) unearned revenue B) accounts payable C) inventory D) interest payable 24. Current liabilities do not include: A) prepaid expense B) accounts payable C) unearned revenue D) interest payable 25. An expense that moves in the same direction and same rate as a particular cost driver is a: A) fixed expense B) variable expense C) mixed cost D) step-fixed cost Page 5