AFP CTP - Certified Treasury Professional

On the basis of the following exchange rates,

which of the following currency amounts has the greatest value in U.S. dollars?

When a short-term loan is paid with a lump sum payment and the payment includes both interest and principal, the loan is often referred to as a:

A company’s capital structure includes $800,000,000 in total capital, of which $200,000,000 comes from debt. The firm’s after-tax cost of debt is 6%, and its cost of equity is 12%. The marginal tax rate is currently 40%. What is the company’s weighted average cost of capital?

The assistant treasurer of a company uses variance analysis comparing actual cash flows with projected cash flows and finds actual is less than forecasted. Which of the following would cause this variance?

Which of the following is a ratio that is often used by commercial banks to measure a company’s leverage and does not include the effect of assets that are difficult to value or are NOT easily converted to cash?

For a defined benefit plan,

An optimal concentration system minimizes all of the following EXCEPT:

Company A is a large public company with annual revenue of $1.2 billion and high fixed costs. Its stock is listed on the New York Stock Exchange. Company B is a mid-sized company with annual revenue of $100 million and low fixed costs. Its stock is listed on the NASDAQ. Which of the following statements is MOST LIKELY to be true when comparing Company A and Company B?

Which of the following is MOST LIKELY to have a significant impact on the financial condition of an organization?

XYZ Company has one inventory supplier, and title to inventory is transferred to the company during the manufacturing process. Which of the following BEST describes XYZ’s relationship with its supplier?

What must be measured and monitored to ensure that a company has adequate liquidity?

The goal of a successful investor relations program is to ensure:

The right of stockholders to purchase, on a pro-rata basis, any new shares issued by the company is referred to as:

The treasury management department of a company hires a consulting firm to provide research on how other companies in the industry have structured their treasury operations. This is an example of which practice?

An arrangement in which a borrower makes periodic payments to a separate custodial account that is used to repay debt is known as a:

An analyst for a landscaping company wants to adjust her cash-flow forecast to account for the seasonality of outflows. How can this be accomplished?

A bank issues a letter of credit (L/C) and receives a request for payment under the L/C. The buyer notifies the issuing bank not to make payment because there is a dispute over the quality of the merchandise. However, the documents received fully comply with the terms of the L/C. Which of the following statements is true?

Use the financial statement for XYZ Company in the exhibit to answer this question.

What is the cash flow from operating activities for the current year?

In developing an operating budget, the first and MOST critical step is?