Business Management > QUESTIONS & ANSWERS > CTP FINAL REVIEW SET 2 EXAM 2023 (All)

CTP FINAL REVIEW SET 2 EXAM 2023

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Of the following, which is considered the MOST significant source of internal risk? Defalcation Employment law liability Loss of key personnel Data entry errors Data entry errors W... hich of the following categories of ratios measures profitability in relation to revenue and investment? Performance ratios Efficiency or asset management ratios Liquidity or working capital ratios Debt management ratios Performance ratios Which of the following is a true statement regarding a bank obligation? Eurodollar deposits are time deposits denominated in the euro A banker's acceptance can be sold for full value prior to maturity Non-negotiable certificates of deposit (CDs) are discounted instruments Retail certificates of deposit (CDs) lack a secondary market Retail certificates of deposit (CDs) lack a secondary market Which of the following has added significant regulatory and compliance overhead for organizations with large numbers of financial transactions, especially those transactions that may be potentially related to money laundering? Garn-St. Germain Depository Institutions Act Federal Insurance Contribution Act Sarbanes-Oxley Act USA PATRIOT Act USA PATRIOT Act A division of a toy company has net income of $2,000, short-term debt of $2,000, long-term debt of $5,000 and shareholder's equity of $20,000. The division has the opportunity to invest in a new line of collectible cards, which would increase its short-term debt to $3,000, long-term debt to $15,000, and net income to $2,600. The overall cost of capital for the toy division's holding company is 7%. What would the residual income be before and after the investment? $110 before and -$60 after $110 before and $150 after $250 before and -$60 after $250 before and $150 after $250 before and $150 after How are the percentages in receivables balance patterns established? Using a distribution forecast Using cash forecasting Using a cash conversion efficiency analysis Using a company's collection history Using a company's collection history [Show More]

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