CTP問題集でリアル試験問題でテストエンジン問題集でトレーニング [Q50-Q66]

CTP問題集でリアル試験問題でテストエンジン問題集でトレーニング

AFP CTPテスト問題集とオンライン試験エンジン

質問 50
An internal auditor discovers that employees can enter and approve their own wire transfers. This practice violates what internal control?

A. Proper authorization of investment transactions
B. Appropriate monitoring of covenant compliance
C. Adequate segregation of duties
D. Accurate reporting of cash transactions

正解: C

質問 51
A company may choose to use a derivative to reduce risk on which of the following types of exposure?
I. Currency
II. Interest rate
III.
Commodity price

A. I, II, and III
B. I and II only
C. II and III only
D. I and III only

正解: A

質問 52
Which of the following is NOT a short-term cash forecasting technique?

A. Income statement forecast
B. Distribution forecast
C. Receipts and disbursements forecast
D. Accounts receivable balance pattern forecast

正解: A

質問 53
Which of the following could be considered a weakness of a forecast derived by regression analysis?

A. Seasonality cannot be incorporated into the forecast.
B. A large amount of data is required.
C. More than one factor may affect the event being measured.
D. It is only valid for long-term forecasting.

正解: B

質問 54
Merchant MNO's sales for the day total $20,000. Fifty percent are credit cards, split between Card Red and Card Blue respectively, at 65% and 35% of the card volume. The average ticket is $50. Fees paid are 2% for Card Red and 2.5% for Card Blue and a fee of $0.05 per transaction. What are the fees that MNO will pay to the issuing banks?

A. $217.50
B. $227.50
C. $242.50
D. $232.50

正解: B

質問 55
The term "collection float" is defined as the delay between the time the payor:

A. prepares the check and the payee deposits the check.
B. mails the check and the payee deposits the check.
C. mails the check and the check is charged to the payor's account.
D. mails the check and the payee receives the available funds.

正解: D

質問 56
In cash forecasting, which of the following is a certain cash flow?

A. New product sales
B. Interest payments on long-term debt
C. Vendor check-clearing patterns
D. Insurance claims pending settlement

正解: B

質問 57
A netting system can be used for all of the following EXCEPT:

A. third-party payments or receipts.
B. foreign exchange transactions.
C. giro payments.
D. intracompany transactions.

正解: C

質問 58
A multinational company that uses "notional pooling" for its euro zone subsidiaries will realize which of the following advantages?

A. Subsidiary cash balances are netted each day to calculate interest, but funds are not transferred
B. Mobilization of cash resources and thus economies of scale in making transfers
C. Enhanced accounting for transactions since funds are transferred into one account
D. An expanded number of euro zone banks in order to facilitate better service to transfer funds

正解: A

質問 59
A treasury manager has $5 million that is not needed for 6 months. The treasury manager has decided to invest the funds in a liquid instrument, using the current portion of a 5-year AA rated corporate bond that is subject to U.S. Securities and Exchange Commission (SEC) regulations. In what market would the treasury manager purchase this investment?

A. Primary Market
B. IPO Market
C. Private Market
D. Secondary Market

正解: D

質問 60
ABC Company offers a discount of 2/10, net 30 to its customers. ABC factored its accounts receivables with an outside vendor, under a "with recourse" arrangement. What impact might this have on the company?

A. Reduce bad debt expense.
B. Improve cash conversion cycle.
C. Increase days sales outstanding.
D. More customers may take the discount.

正解: B

質問 61
A cash manager wants to convert wire payments to ACH. Which of the following would NOT be a good application for ACH?

A. Lease payments
B. Same day payments
C. Future tax payments
D. Routine loan payments

正解: B

質問 62
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:

A. short term rates are lower than long term rates.
B. investment prices are falling.
C. interest rates are increasing substantially.
D. the yield curve is inverted.

正解: A

質問 63
Based on the following information, what is the required collected balance to cover all monthly service charges?
Deposit Float$10,000
Reserve Requirement5%
Earnings Credit Rate15%
Monthly Service Charges$6,000
Days in month30

A. $308,222
B. $456,000
C. $486,667
D. $512,281

正解: D

質問 64
Amalgamated Binding Consolidators takes 20 days to convert its raw materials to finished goods, 5 days to sell it, and 15 days to collect its credit sales. What is the company's days receivable period?

A. 20 days
B. 40 days
C. 5 days
D. 15 days

正解: D

質問 65
A company's accounts receivable balance pattern is shown in the first table. Credit sales are shown in the second table.

What is the cash inflow for the month of August?