Company A has decided to purchase $3,000,000 of real estate from Company B.
Company A will make the payment in 3 parts. The electronic payments will be sent from Bank A to Bank B.
On Day 1 Company A will send a $400,000 check as a deposit, which is deductible from the balance.
The check is expected to clear in 4 days. On Day 2, two payments are initiated, one wire transfer for $2,000,000 and an ACH for $600,000 to complete the balance. On Day 2 what percentage of the payment to Company B is NOT final?

An analyst at XYZ United is in charge of setting up the bank accounts. Fraud is a major concern due to the analyst's past experience with previous employers. The analyst has estimated that the company will earn 3.7% on surplus cash. Surplus cash must be invested in short-term investment grade investments. The company's closest competitor earned 4.1% for its surplus cash in its latest fiscal year. What bank service should the analyst use to maximize the company's surplus cash?

A multidivisional domestic company with centralized treasury decision-making can potentially utilize intra-company lending to:

A KEY feature of municipal bonds is that they are:

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?