[Q276-Q301] CTP練習AFP高合格率回答あなたを試験は高確率で合格させます！[2022]

CTP練習AFP高合格率回答あなたを試験は高確率で合格させます！[2022]

最高の方法からパスCertified Treasury ProfessionalのCTP試験合格させます

質問 276
Which of the following is true of return on investment (ROI)?

A. It includes a charge for the cost of capital in a project.
B. It may cause management to accept a project with positive NPV.
C. It is commonly used to calculate after-tax profitability.
D. It is calculated as profit per dollar of invested capital.

正解: D

質問 277
Using a digital certificate when accessing a financial services provider is one way to reduce what kind of risk?

A. Process risk
B. Compliance risk
C. Counterparty risk
D. Reputational risk

正解: C

質問 278
Due to a loss of proprietary information held for clients, ABC Company has been named in a billion dollar lawsuit. It was determined that the loss of information was due to a breach in its computer system firewalls by outside parties. When the lawsuit became public, the company experienced a steep drop in its stock price. This scenario is an example of what kind of risk?

A. External theft/fraud
B. Market
C. Compliance
D. Internal technology

正解: A

質問 279
Which of the following capital budgeting methods ignores the time value of money?

A. Internal Rate of Return
B. Payback period
C. Profitability Index
D. Net Present Value

正解: B

質問 280
Which of the following is sought from a typical cash management services Request for Proposals (RFP)?

A. CAMELS score
B. Pension funding status
C. Implementation team
D. Asset investment strategy

正解: C

質問 281
Which of the following statements is (are) true about non-repetitive wires?
I. They may require additional security steps.
II. They are typically used for cash concentration.
III.
They may be used for transactions where dates, parties, and/or amounts may be variable.

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

正解: A

質問 282
Companies in the U.S. with a nationwide over-the-counter/field bank collection and concentration system often deal with:

A. one major banking institution with branch offices at all locations.
B. many small financial institutions.
C. one major bank with corresponding relationships.
D. few small financial institutions.

正解: B

質問 283
BF Company, a manufacturer of food products, reported financial information shown in the table below for the end of the year.

BF Company is subject to covenants under its revolving credit facility. It is in compliance with which of the following?

A. Maximum debt to tangible net worth ratio of 1.5:1
B. Minimum current ratio of 1.25:1.0
C. Minimum times interest earned of 3.0 times
D. Dividends cannot exceed 15% of retained earnings

正解: B

質問 284
The Sarbanes-Oxley Act of 2002:

A. created the Public Company Accounting Oversight Board.
B. created the International Accounting Standards Convergence Board.
C. created the Public and Private Corporate Governance Board.
D. created the Financial Accounting Standards Board.

正解: A

質問 285
A company's credit agreements or loan covenants may require:

A. risk management staff to work directly with underwriters to reduce commission payments.
B. high deductible levels and risk retention in order to minimize premium payments.
C. outsourcing of the claims approval and payment process to an insurance company.
D. minimum ratings for insurance carriers.

正解: D

質問 286
A company is interested in lowering its overall banking costs, managing netting, pooling, re-invoicing, and centralizing FX exposure at headquarters. Which of the following options will accomplish this?

A. Company processing center
B. Automated clearing house
C. Shared service center
D. In-house banking

正解: D

質問 287
XYZ Company has decided to purchase a close competitor. This acquisition would make XYZ Company the 4th largest in its industry allowing it better purchasing power and greater distribution channels. After completing the M&A analysis, it is determined that the combined companies would produce a 40% increase in revenue, reduce manufacturing costs by 30%, but would increase current liabilities by 27%. Which of the following would keep the acquisition from happening?

A. Increased weighted average cost of capital
B. Restrictive bond covenants
C. Low return on investment
D. Negative net present value

正解: B

質問 288
Which of the following ways of financing accounts receivable requires a company to relinquish control of the type of customer to which it sells?

A. Unsecured borrowing
B. Third-party financing
C. Using captive finance subsidiaries
D. Securitization

正解: B

質問 289
Based on the following information, how much money will XYZ Company owe the bank for monthly service charges after the earnings credit is applied?
Average Ledger Balance$500,000 Deposit Float$10,000 Reserve Requirement10% Earnings Credit Rate5% Monthly Service Charges$5,000 Days in month30

A. $436.99
B. $0
C. $68.49
D. $561.64

正解: B

質問 290
Multinational corporations repatriate funds from foreign operations through which of the following?

A. Reinvoicing and factoring
B. Letters of credit and documentary collections
C. Dividends and management fees
D. Multilateral netting system

正解: C

質問 291
In terms of capital structure, lease financing normally has the same effect as:

A. capitalizing.
B. borrowing.
C. lending.
D. investing.

正解: B

質問 292
A corporate compliance officer is drafting an agenda for an ethics training session. Which of the following would NOT be an appropriate item to include?

A. Discussion of recent cases involving unethical behavior
B. Presentation of hypothetical situations and how to resolve them
C. Review and analysis of the costs associated with ethics compliance
D. Monitoring of a hotline to report governance violations

正解: C

質問 293
In cash forecasting, which of the following is a certain cash flow?

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

正解: B

質問 294
When estimating the cost of capital, which of the following financial resources would probably NOT be included in the cost of capital calculation?

A. Preferred stock
B. Long-term debt
C. Short-term debt
D. Common stock

正解: C

質問 295
A cash manager has determined that the break-even amount for justifying a wire transfer over an ACH for concentration of funds is $145,000. Using a wire instead of an ACH gives the company use of the funds two days earlier to make overnight investments. Based on a wire transfer cost of $10.00 and an ACH transaction cost of $0.70, what is the company's overnight investment interest rate on a 365-day year basis?

A. 2.57%
B. 2.34%
C. 1.17%
D. 0.95%

正解: C

質問 296
A multinational company owns a United Kingdom subsidiary that has total assets equal to GBP1 million and intercompany loans due to the parent company equal to $1 million. It would like to undertake a balance sheet hedge of the U.K. subsidiary's GBP liability because it expects a depreciation of the pound. Given these circumstances, which of the following actions would be appropriate?

A. Exchange rates are fixed and thus no losses should occur.
B. Take no action because exchange rates cannot be predicted.
C. Borrow GBP from a U.K. bank to repay the intercompany dollar debt.
D. Borrow USD from a U.K. bank to repay the intercompany dollar debt.

正解: C

質問 297
An increase in the availability float on a company's collections would cause a reduction in which of the following?
I) Earnings credit
II) Ledger balance
III) Service charges
IV) Collected balance

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

正解: C

質問 298
An employee is considering two investment strategies for his 401(k) plan:
Strategy #1: Invest all contributions in a money market fund that has returned 5% annually
Strategy #2: Invest all contributions in a stock fund that has returned 9% on average, although annual returns have varied between (2%) and 12%
Assuming that the employee makes a one-time investment of $12,000 and that both strategies continue to perform as they have historically, how much more or less could the stock fund be worth after one year compared to the money market fund?