Question 91
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?
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?
Question 92
A United States company must remit a dollar royalty payment to its Japanese subsidiary. Cash settlement of the payment would typically be made by which of the following?
Question 93
A put option on a company's stock has an exercise price of $20. On the delivery date, the stock is trading at $24 per share. What should the investor who has paid $2 for the option do?
Question 94
Disbursement float includes which of the following three float time intervals?
Question 95
A company's investment guidelines typically restrict all of the following EXCEPT: