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CTP · Question #383
CTP Question #383: Real Exam Question with Answer & Explanation
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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.
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