If the receivables turnover is 3.1 times, what is the days' sales uncollected?

Norris is the primary beneficiary of a life insurance policy. He dies after receiving $275 per month for 6 years, under a 10-year period certain income option. His son, Neil, is the secondary beneficiary. Which of the following statements pertaining to this situation is CORRECT?

A) Neil will receive $275 per month for as long as he lives. B) Neil will receive a lump-sum payment of $13,200. C) Neil will receive income checks in the same amount as his father for 4 years. D) Neil will receive nothing, since Norris did not survive the 10-year period certain."

Which of the following is an approach that foreign companies in the United States use for avoiding taxes on their revenues?

A) confiscation B) liquidation C) expropriation D) earnings stripping