Angel Corporation's current-year regular tax liability is $40,000. Angel is eligible for a general business credit of $45,000. The corporation will receive a $5,000 refund of federal income tax.

Answer the following statement true (T) or false (F)


False

Business

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Devoto Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials6.6 grams$7.70 per gram?The company has reported the following actual results for the product for June: Actual output 9,200unitsRaw materials purchased 64,500gramsActual cost of raw materials purchased$548,250 Raw materials used in production 60,710grams?The raw materials quantity variance for the month is closest to:

A. $85 F B. $85 U C. $77 F D. $77 U

Business

The use of faxes has declined as ____________ became the primary tool for communication between organizations

a. carrier pigeons b. text messaging c. email d. letters

Business

The primary function of law is to regulate the economy

Indicate whether the statement is true or false

Business

Most companies use _____ as a central part of their selection process.

A. performance appraisals B. interviews C. orientation D. job analysis

Business