From a consumer's perspective, all of the following are true of both debit cards and credit cards EXCEPT:
A currency swap is BEST described as an:
A manufacturing company experienced a system failure that lasted more than 24 hours. The company did not have any contingency plans in place and as a result the cash manager was unable to process the following payments:
P-card issuer: $25,000
Payroll: $125,000
Bond interest payment: $200,000
Vendor payments: $260,000
Utilities: $50,000
The cash manager does not have a way to confirm the receivable amounts deposited at the bank. The suppliers are threatening to stop shipments due to the delay in payment and the loss of supplier shipments would threaten the company’s just-in-time production. What concern should the company have?
The discount rate for a T-bill with a face value of $200,000, 182 days to maturity, and a selling price of $194,375 would be:
The PRIMARY difference between defined benefit and defined contribution pension plans is whether the employee or the employer:
A bank's reserve requirement on demand deposits is 10%, and its earnings credit rate is 6%. If a company uses bank services amounting to $2,600 and has an excess of $550 in earnings credit, what is the average collected balance in the account based on a 30-day month?
Which of the following should NOT be a consideration when setting an optimal dividend policy?
All of the following are basic considerations for balance compensation by a company EXCEPT:
Based on the above information, before making the major acquisition, several large institutional shareholders have asked management to consider all of the following EXCEPT:
Companies implement EDI in order to realize which of the following benefits?
I. Decreased error rates
II. Decreased order lead time
III. Improved productivity
IV. Improved cash forecasting
The seller’s cost of capital is 12%. The average credit sale is $200,000, and the credit terms are 2/10, net 30. What is the seller’s net benefit (loss) if the buyer takes the discount and pays by day 10?
Which agency appoints the chairman and members of the Public Company Accounting Oversight Board?
Which of the following is an example of using cash forecasting for liquidity management?
A measure of the incremental impact of a company's investments on market capitalization is known as:
A company issues $5 million of commercial paper at a discount for 60 days. The interest cost is $85,000. The backup line fee for this transaction is $2,000, and the dealer fee is $1,000. What is the annual interest rate?
ABC Company is a net borrower with a weighted average cost of capital of 11.5%. What kind of bank fee arrangement is it likely to prefer?
A company can dispute any check alterations within how many days after the bank statement has been sent?
Each of the following statements is true of both defined benefit plans and defined contribution plans EXCEPT:
Which of the following would be used to evaluate only the effects of varying interest rates while holding all other values constant at their expected levels?
In an international banking system, what role is commonly carried out by a large group of clearing banks?
