On January 1, 20x1, Sun Devil Corporation issued $4,000,000 in 10.5%, 10-year bonds at 105. Interest is to be paid semi-annually each June 30th and December 31st. How much cash proceeds were received by Sun Devil when the bonds were issued on January 1, 20x1

Afarmer is an example of what kind of producer?

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?