Intoxication, when proven, is usually a successful defense to a criminal charge
a. True
b. False
Indicate whether the statement is true or false
False
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In a trial balance, total debits must always equal total credits
Indicate whether the statement is true or false
Zervos Inc. had the following data for last year (in millions). The new CFO believes (1) that an improved inventory management system could lower the average inventory by $4,000, (2) that improvements in the credit department could reduce receivables by $2,000, and (3) that the purchasing department could negotiate better credit terms and thereby increase accounts payable by $2,000. Furthermore, she thinks that these changes would not affect either sales or the costs of goods sold. If these changes were made, by how many days would the cash conversion cycle be lowered? Do not round your intermediate calculations. OriginalRevisedAnnual sales: unchanged$117,000$117,000Cost of goods sold: unchanged$80,000$80,000Average inventory: lowered by $4,000$20,000$16,000Average receivables:
lowered by $2,000$16,000$14,000Average payables: increased by $2,000$10,000$12,000Days in year365365? A. 40.3 days B. 37.6 days C. 39.7 days D. 33.6 days E. 32.6 days
Under the Code an oral contract for specially manufactured goods costing $500 is enforceable even if the seller has not begun their manufacture
Indicate whether the statement is true or false
Version control involves all of the following capabilities except ________.
A. user activity limited by permissions B. document checkout C. access to the documents on your personal hard drive D. workflow control E. version histories