Free Access AFP.CTP.v2022-03-29.q351 Practice Test (Page 40)

Question 191

A publicly-traded U.S. company has a German subsidiary which has accumulated significant cash balances. The company needs to pay its quarterly dividend but lacks the funds to make the payment. What is its BEST alternative for obtaining the funds?

A.Sign a short-term intercompany loan with the subsidiary.

B.Declare a one-time intercompany dividend.

C.Obtain private equity funding.

D.Sell additional shares through a secondary offering.

Question 192

A company has a beginning cash balance of $50,000. Its weekly cash flow forecast shows the following information for the next three weeks.

Which of the following statements is true?

A.Week 1 ending cash balance is the highest of the three weeks.

B.The cash balance at the beginning of the three weeks is the highest of the three weeks.

C.Week 3 ending cash balance is the highest of the three weeks.

D.Week 2 ending cash balance is the highest of the three weeks.

Question 193

Which of the following is a characteristic of MOST mutual funds?

A.Funds are insured by the FDI

B.The value of shares fluctuates with the performance of underlying securities.

C.Shares may be traded on the NYSE.

D.Shares are primarily held by corporations and pension funds.

Question 194

Which of the following can be used for monitoring accounts receivables?
I. Aging schedule
II. Credit terms
III. Days' sales outstanding
IV.
Receivables balance pattern

A.I, III, and IV only

B.I and II only

C.I and IV only

D.II, III, and IV only

Question 195

The year-end income statement for a company is presented in Table 1. The balance sheet is presented in Table 2.

What is the company's return on equity?

A.65%

B.37%

C.26%

D.80%

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Question 191

Question 192

Question 193

Question 194

Question 195

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