1. Asset Management Ratios Corn Products, Corp. ended the year 2008 with an average collection period of 45 days. The firm's credit sales for 2008 were $9.5 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)
a. $1.1712 b. $427.5 million c. $4.7368 million d. $0.2111 million
2. Which is not a step to complete a cashless exercise of a non statutory stock option
3. Explain why insurance is more commonly used as a risk-handling technique by smaller firms than by bigger corporations.
4. Provide some important examples of how a privately operated insurance system contributes to a market-based economy.