Alice and Tommy have 3 dependent children. Alice earns $125,000 per year. They are taking out insurance on Alice for the next 30 years. Tommy expects to get a 9.25% rate of return on the life insurance payoff

Shipment and Destination Contracts. Roderick Cardwell owns Ticketworld, which sells tickets (a sale of goods, according to the court) to entertainment and sporting events to be held at locations throughout the United States. Ticketworld's Massachusetts

office sold tickets to an event in Connecticut to Mary Lou Lupovitch, a Connecticut resident, for $125 per ticket, although each ticket had a fixed price of $32.50. There was no agreement that Ticketworld would bear the risk of loss until the tickets were delivered to a specific location. Ticketworld gave the tickets to a carrier in Massachusetts who delivered the tickets to Lupovitch in Connecticut. The state of Connecticut brought an action against Cardwell in a Connecticut state court, charging in part a violation of a state statute that prohibited the sale of a ticket for more than $3 over its fixed price. Cardwell contended in part that the statute did not apply because the sale to Lupovitch involved a shipment contract that was formed outside the state. Is Cardwell correct? How will the court rule? Why?

Your firm had net sales of $80,000 this past year and receivables of $20,000; and a cost of goods sold of $522,000 . What were the days sales outstanding?

a. 91 days b. 48 days c. 36 days d. 5 days e. 4 days