AFP
CTP · Question #383
(Topic 4) A daily short-term forecast and variance analysis for LMN, Inc. is updated with relevant trends and actual data every Monday. Upon review, the Treasurer assessed that sales were higher…
The correct answer is D. liquidity management. See the full explanation below for the reasoning.
Question
- (Topic 4)
A daily short-term forecast and variance analysis for LMN, Inc. is updated with relevant trends and actual data every Monday. Upon review, the Treasurer assessed that sales were higher than forecasted, inventory was up and yields being earned on excess cash were lower. The MOST important reason for this cash forecast process is:
Options
- Afinancial control.
- Bmanaging costs.
- Ccapital budgeting.
- Dliquidity management.
How the community answered
(30 responses)- A3% (1)
- B3% (1)
- C10% (3)
- D83% (25)
Community Discussion
No community discussion yet for this question.