A company wants to implement more control over its cash management system. Which aspect of the system is the most susceptible to external fraud?
Which of the following objectives of treasury management refers to a company’s ability to meet current and future financial obligations in a timely, efficient, and cost-effective manner?
Which of the following would MOST directly affect a company’s dividend policy?
If the Federal Reserve wanted to stimulate a sluggish economy, it could do so by:
A disclaimer opinion is required on a set of financial statements when:
What is a KEY reason that both a lessee and a lessor would enter into a lease financing agreement?
Since the inception of ABC Company's pension plan, 1,500 employees qualified and were paid pensions of $500 million after retirement, of which 700 employees were those who earned $110,000 or more and received $200 million in pension benefits. When the company filed for bankruptcy in 2010, the IRS claimed back taxes from the company stating that the pension plan was not qualified under ERISA. On what basis was the IRS MOST LIKELY making its claim?
What is the MOST appropriate financial plan when a corporation wishes to establish its overall goals and objectives over a period of time?
A farmer who plans to sell his/her corn crop in three months would benefit MOST from which of the following?
On the basis of the information above, what level of net collected balances is necessary to compensate a bank for $1.00 worth of services?
A company seeking an insured investment would avoid investing surplus cash in a:
An olive oil producer in Macedonia is arranging for shipment of its product to an international distributor. To support this activity, the company arranges for export financing because:
LLZ Company manufacturers metal detectors in California at a cost of $9 per unit. The most expensive component to make is the sensor which goes in the finished product. The cost is $5 per sensor. Last month LLZ acquired a company in Mexico that makes the sensors for $1 per sensor. LLZ plans to move all sensor manufacturing operations to the factory in Mexico. What is the movement of this cost saving process called?
A cash manager is responsible for a small subsidiary that has significant funds but only writes one check per month. Which of the following types of accounts would the cash manager use for this subsidiary?
A company is considering issuing debt in a market environment in which there is a larger than normal spread between high- and low-risk investments. Among several factors, what are the concerns regarding investor behavior that the treasurer will MOST need to consider?
Company ABC decides to outsource certain activities to an unrelated company and have that company assume the associated loss exposures. What loss control technique is Company ABC using?
All of the following bank products and services can simplify the preparation of the daily cash position EXCEPT:
In predicting collections from credit sales, a cash manager can obtain prior period information from which of the following sources?
I. Customer payment histories
II. The company's concentration bank
III. The accounts receivable department
IV. The accounts payable department
The MOST important tool the Federal Reserve Board has for influencing the amount of reserves in the banking system is:
An analysis of variances from expected cash flows is used to:
