Free AFP CTP Practice Test & Real Exam Questions
Examples of traditional factors used in making a credit decision include which of the following?
I. Capacity
II. Capital
III. Compliance
IV. Character
I. Capacity
II. Capital
III. Compliance
IV. Character
Correct Answer: B
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In most countries other than the United States, which of the following is used to compensate banks for services provided?
Correct Answer: C
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Which of the following would fall under an organization's account resolutions?
Correct Answer: A
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Which of the following functions is LEAST likely to be part of a cash manager's responsibilities?
Correct Answer: B
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The treasury analyst for XYZ Corporation, a small retailer, is trying to forecast daily cash receipts being swept from the store depository accounts. The analyst has been given the data in the table regarding receipts from the last few days. The analyst chooses to use a seven-day simple moving average forecast methodology.
What is the amount that XYZ Corp. would expect to receive on Day 10 (rounded to the nearest whole $)?
What is the amount that XYZ Corp. would expect to receive on Day 10 (rounded to the nearest whole $)?
Correct Answer: B
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Which of the following are reasons for companies to use controlled disbursement?
I. To obtain timely check presentment information
II. To enhance supplier relationships
III. To increase their available cash
IV. To improve their overall creditworthiness
I. To obtain timely check presentment information
II. To enhance supplier relationships
III. To increase their available cash
IV. To improve their overall creditworthiness
Correct Answer: A
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A company purchased merchandise that cost C$155,000 from a Canadian supplier and then resold the merchandise for US$135,000. What rate of exchange must the company have obtained to realize a gross profit of US$44,000 on this transaction?
Correct Answer: D
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A company that operates using a decentralized treasury structure will:
Correct Answer: C
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EDI infrastructure includes which of the following four PRIMARY components?
Correct Answer: B
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Which of the following is an advantage of a centralized treasury function?
Correct Answer: C
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A company's investment guidelines typically restrict all of the following EXCEPT:
Correct Answer: C
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A company has entered into a loan syndication agreement with four banks. The agreement states the company must maintain certain covenants, and a breach of any covenant will terminate the loan immediately. What is the BEST course of action for the treasurer?
Correct Answer: D
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A company has asked its marketing, payroll and sales teams to collaborate in finding a solution that could augment its customer base, reduce payroll cost and increase sales. The solution has to be market ready. Which of the following will serve all 3 purposes?
Correct Answer: B
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