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AFP Updated CTP Exam Questions and Answers by lucca

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AFP CTP Exam Overview :

Exam Name: Certified Treasury Professional
Exam Code: CTP Dumps
Vendor: AFP Certification: AFP Certification
Questions: 1076 Q&A's Shared By: lucca
Question 192

Company A has operated a Pension Plan since 1985. Despite a recent surge in asset values, the plan remains significantly underfunded. With the passage of the Pension Protection Act of 2006, Company A will be need to:

Options:

A.

increase long-term investments.

B.

liquidate long-term investments.

C.

pay higher PBGC premiums.

D.

take no action.

Discussion
Question 193

A company has average monthly sales of $2,700, of which 5 percent is on a cash basis, with the remaining sold on open account. The company's accounts receivable aging schedule at the end of March is as follows:

Questions 193

What is the company's DSO?

Options:

A.

38.06

B.

39.32

C.

40.06

D.

41.39

Discussion
Question 194

Under the strict cash basis of accounting, revenue is recorded when:

Options:

A.

the funds are disbursed.

B.

sales agreements are finalized.

C.

the funds are received.

D.

purchase orders are confirmed.

Discussion
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Question 195

BF Company, a manufacturer of food products, reported financial information shown in the Exhibit for the end of the year. BF Company is subject to covenants in its commercial paper program. It is in compliance with which of the following?

Options:

A.

Maximum long-term debt to capital of 52.5%

B.

Minimum working capital of $10,000

C.

Maximum dividends of 50% of net income

D.

Minimum cash flow to total debt of 45%

Discussion
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