CTP Exam Questions
879 real CTP exam questions with expert-verified answers and explanations. Page 10 of 18.
- Question #478
- (Topic 5) A company purchases a machine tool with an expected life of 3 years. Under the accrual accounting method, the equipment would be treated in which of the following ways?
- Question #479
- (Topic 5) Which of the following can be exercised only on the expiration date?
- Question #480
- (Topic 5) 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 benefite...
- Question #481
- (Topic 5) A company has a $300,000 credit line of which $200,000 was the average amount outstanding for the year. The terms of the loan include a 1/2 of 1% commitment fee on the...
- Question #482
- (Topic 5) Under a loan agreement, which of the following could be an event of default?
- Question #483
- (Topic 5) Company XYZ uses exponential smoothing to forecast its daily lockbox receipts. With the help of a statistical computer program, the company has determined that the smoo...
- Question #484
- (Topic 5) A manufacturing company is working to improve its cash conversion cycle. Factory production has increased over the last year to increase inventory levels. They have an...
- Question #485
- (Topic 5) The treasury analyst at RST Corporation has been asked to forecast cash levels for the company's year-end balance sheet. The analyst has been given the following inform...
- Question #486
- (Topic 5) Which of the following will directly increase a company's cost in a fee-only bank relationship?
- Question #487
- (Topic 5) Trade terms are renegotiated under e-commerce in order to:
- Question #488
- (Topic 5) Company XYZ sends an ACH debit file valued at $300,000 with an average item value of $1,000. The file settlement date is March 10. The file contains no duplicate items...
- Question #489
- (Topic 5) XYZ Company is considering the purchase of a security that generates a tax equivalent yield of 10% and a tax exempt yield of 7.1%. What is XYZ's marginal investment tax...
- Question #490
- (Topic 5) Which of the following business practices does NOT comply with the Uniform Commercial Code?
- Question #491
- (Topic 5) Which of the following ACH formats is commonly used for consumer payments such as deposits of payroll?
- Question #492
- (Topic 5) A company is considering expanding to a three-site lockbox system from its current two- site system and has collected the following data: The average collection float i...
- Question #493
- (Topic 5) Which of the following ways of financing accounts receivable requires a company to relinquish control of the type of customer to which it sells?
- Question #495
- (Topic 5) LST Company is a publicly traded company with $120 million in sales. Historically, LST does not extend credit to customers beyond net 45 terms. To help promote sale of...
- Question #496
- (Topic 5) All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:
- Question #497
- (Topic 5) Which of the following is a common approach to negotiating EDI payment terms versus paper payment terms?
- Question #498
- (Topic 5) A new retail chain has decided to offer 3 payment methods: cash, cards and checks. It was determined that card payments would be the biggest sales driver and projects h...
- Question #499
- (Topic 5) Which of the following statements is (are) true about non-repetitive wires?
- Question #500
- (Topic 5) A merchant presents 2 different batches of credit card transactions for processing, each batch has the same dollar value and number of transactions, but the fees are di...
- Question #501
- (Topic 6) Buying a security with the intent of selling it prior to its maturity date to increase the return is an example of:
- Question #502
- (Topic 6) A company that is issuing a new class of stock would use the services of a(n):
- Question #503
- (Topic 6) The future value of $60 invested at 8% compounded per year for three years is:
- Question #504
- (Topic 6) Which of the following companies would be MOST LIKELY to use a wholesale lockbox?
- Question #505
- (Topic 6) Which of the following short-term instruments is used to finance the import or export of
- Question #506
- (Topic 6) A grocery store chain would be likely to use all of the following services EXCEPT:
- Question #507
- (Topic 6) Which of the following items would be classified as a source of cash on a company's statement of cash flow?
- Question #508
- (Topic 6) A prearranged ACH payment normally includes which of the following?
- Question #509
- (Topic 6) A KEY feature of municipal bonds is that they are:
- Question #510
- (Topic 6) Which of the following clears international checks?
- Question #511
- (Topic 6) Which of the following is responsible for examining national banks?
- Question #512
- (Topic 6) Given a corporate tax rate of 34%, a tax-exempt yield of 7% is equivalent to a taxable yield of:
- Question #513
- (Topic 6) A company uses a dividend capture strategy to:
- Question #514
- (Topic 6) Under which of the following circumstances is lengthening the disbursement mail float NOT a benefit to the disbursing company?
- Question #515
- (Topic 6) The PRIMARY objective of the AFP Account Analysis Standard is to help cash managers in which of the following areas?
- Question #516
- (Topic 6) Which of the following statements is true about a forward foreign exchange contract?
- Question #517
- (Topic 6) Which statement is typically true about cash dividends?
- Question #518
- (Topic 6) Treasury management systems help cash managers do which of the following?
- Question #520
- (Topic 6) All of the following are differences between Fedwire and ACH EXCEPT:
- Question #521
- (Topic 6) Which of the following is NOT characteristic of commercial paper with a term of less than 270 days?
- Question #522
- (Topic 6) A retail lockbox system is characterized by which of the following?
- Question #523
- (Topic 6) A currency is said to trade at a discount if it is worth:
- Question #524
- (Topic 6) Which of the following statements is true about futures contracts?
- Question #525
- (Topic 6) A U.S. company that is expecting to receive a payment of C$1,000,000 purchased a put option of C$1,000,000 at a strike price of 1.75 C$/US$. Two days before the receipt...
- Question #526
- (Topic 6) Which of the following are interest-bearing instruments?
- Question #527
- (Topic 6) The time between the payor's mailing of a check and the payee's receipt of usable funds is known as:
- Question #529
- (Topic 6) The process by which a bank or insurance company guarantees the debt obligation of a borrower is referred to as credit:
- Question #530
- (Topic 6) A company can use all of the following documents to establish a relationship with a bank EXCEPT: