Certificates of deposit (CDs) with shorter maturity dates tend to pay higher interest rates than those with longer maturity dates

A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today's dollars?

A) $588,352.84 B) $607,180.14 C) $750,000.00 D) $774,000.00

A firm may have a negative cash conversion cycle if it carries ________

A) very little inventory and sells its products on credit B) high inventory and sells its products on credit C) very little inventory and sells its products for cash D) high inventory and sells its products for cash