At December 31, 2020, Cheyenne Corporation owes $480,800 on a note payable due February 15, 2021. If Cheyenne had restructured the note on December 15, 2020, such that Cheyenne has the contractual right to defer payment of $260,200 of the note until February 15, 2022, how much of the $520,400 should be reported as a current liability at December 31, 2020?

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

What should a food worker use to retrieve ice from an ice machine?