최신 CTP 무료덤프 - AFP Certified Treasury Professional
Securities sold by companies in an initial public offering (IPO) arE.
정답: C
An investment is purchased for $10,000.00 that offers compounding of the first year's interest and it matures at the end of year two. If the value at maturity is $11,664.00, what is the rate of return on the investment?
정답: A
A company uses a dividend capture strategy to:
정답: C
A dealer is selling securities to a client. What is the yield/price at which the dealer will sell?
정답: C
The PRIMARY difference between money market instruments and capital market instruments is that capital market instruments are securities that are:
정답: B
At the end of the year, ABC Company's actual revenue is $85,000,000 versus budget revenue of $90,000,000.
Actual operating expenses are $20,000,000 versus budget operating expenses of $22,000,000. Budget variance analysis would indicate a(n):
Actual operating expenses are $20,000,000 versus budget operating expenses of $22,000,000. Budget variance analysis would indicate a(n):
정답: C
The Treasury Manager is forecasting sales based on historical data. It was observed that sales decreased sharply in December last year, normally a high sales volume period. Further investigation indicated that a severe winter storm was experienced across the Southeastern United States. How should this event be classified in the forecast when considering the sales trends?
정답: A
The right of stockholders to purchase, on a pro-rata basis, any new shares issued by the company is referred to as:
정답: A
With the advent of the euro, many U.S. companies have seen a reduction in their number of foreign currency transactions. As a result, these U.S. companies have benefited from which of the following?
I. Reduced FX transaction costs
II. Consolidated banking relationships
III. Simplified exchange risk management
IV. Reduced need to monitor foreign political climates
I. Reduced FX transaction costs
II. Consolidated banking relationships
III. Simplified exchange risk management
IV. Reduced need to monitor foreign political climates
정답: D
Which of the following would fall under an organization's account resolutions?
정답: C
While revising the investment policy, the CFO performs a sensitivity analysis for the company's cash flow from investments, and identifies that increasing the maximum dollar value for bond purchases will improve returns by 10% on average, all other variables being equal. What issue will the CFO now need to address in the investment policy?
정답: C
The Public Company Accounting Oversight Board (PCAOB):
정답: B
A company is looking to improve its collection rate of returned checks. If the company implements re- presented check entry (RCK) with its bank, it might see a reduction in what type of returned items?
정답: A
An investor purchases securities that mature beyond the date when cash is required. The investor intends to sell the investment to meet the cash flow need. This strategy works best when:
정답: D
A cash manager's recommendation to use procurement cards as a way to reduce accounts payable expense is an example of:
정답: D
XYZ Company is a fairly new and high growth company funded by venture capital. Which of the following performance measures is it MOST LIKELY to use?
정답: A
Following the latest round of cost-cutting measures at ABC Corporation, the Treasury Department retained a headcount of 2 individuals. While the analyst was out sick, she gave her password to her Manager so that payments could be released via the bank's wire transfer system. The Manager sent 3 wires out with incorrect banking instructions. The problem was not identified until the angry suppliers called several weeks later demanding payment. The corporation has not yet recovered the $130,000 sent to erroneous accounts. In this instance, which control failed for ABC Corp.?
정답: B
Which of the following is true of return on investment (ROI)?
정답: B
CT Check Cashing routinely cashes payroll checks from JD Software. Someone presents a fraudulent check from JD Software to CT Check Cashing. The fraudulent item looks virtually identical to JD Software's regular payroll checks. CT Check Cashing pays the person cashing the check the amount for which it is issued. CT Check Cashing later discovers that the check was fraudulent and wants JD Software to reimburse them for the amount of the check. Which of the following statements is correct?
정답: C
A buyer receives an invoice from a supplier that offers discount terms of 2/10, net 45. What is the effective cost of discount?
정답: D