AFP Certified Treasury Professional CTP Exam Practice Test

Which of the following are important uses of variance analysis in comparing actual cash flows with projected cash flows?

I . Identifying unanticipated changes in inventory

II . Enhancing short-term investment income

III . Validating a capital budget

IV . Identifying delays in accounts receivable collections

Exhibit:

If a company had the above activity at a bank for the previous month (a 31-day month), the bank was overcompensated by approximately:

A company determines that no combination of risk control or financing techniques will produce an adequate, risk-adjusted rate of return on manufacturing a new product. It decides to discontinue the product line. This is an example of:

ABC, Inc. is a pharmaceutical company operating globally. Which of the following payment methods is arranged from the most seller protection to the least?

PFA Corporation has used regression analysis based on historical data to determine the estimated portion of dollars of checks issued that will clear on any given business day.

If PFA issued $150,000 in checks and $7,500 worth of checks cleared on day 5, what value of checks will be estimated to clear on day 4?

A company receives proceeds of $1,119,274 from the sale of $1,150,000 worth of commercial paper. The paper is outstanding for 95 days. If a 360-day year is used, the company's annual interest rate is closest to which of the following?

A residential mortgage company that wants to collect monthly payments from customers electronically via the ACH would initiate: