What is the cash conversion cycle for a firm with $3 million average inventories, $1.5 million average accounts payable, a receivables period of 45 days, and an annual cost of goods sold of $18 million?

An executive bonus plan is an employee benefit arrangement in which

A) an employer pays the premiums on a permanent life insurance policy that is owned by the employee B) an employer contributes to a variable annuity C) an employer contributes to a 401(k) plan D) an employer contributes to a deferred compensation plan"

Which of the following is not a factor in the cost of aircraft insurance?

A) Perils covered B) Experience and training of the pilot C) Type of cargo carried D) Landing and hangar fees charged by local airports