Larkspur Corporation issued a 4-year, $41,000, 4% note to Greenbush Company on January 1, 2020, and received a computer that normally sells for $31,038. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 12%. Required:
Prepare Cheyenne's journal entries for:
a. the January 1 issuance
b. the December 31 interest.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers