7. suppose that the bc government wishes to reduce the quantity of beer sold in the province by 20%. it has calculated that this goal can be achieved either through a price floor set at $2 per six-pack of beer or a price ceiling of $20 per six-pack of beer. assume that the current price of beer is $10 per six-pack. which of the following statements about these policies is true? a) the deadweight loss from the price floor will be greater than the deadweight loss from the price ceiling. b) the deadweight loss from the price ceiling will be greater than the deadweight loss from the price floor. c) there is insufficient information to determine which policy will have the large deadweight loss. d) none of the above statements is true.

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.