CTP 무료 덤프문제 온라인 액세스

ABC Ltd. uses a third party lockbox provider to collect and clear its paper receivables. A customer disputes the price charged for a binding machine and issues a check to ABC Ltd. for 50% of the balance due, noting
"paid in full" on the face of the check. The third party provider does not bring the check to ABC's attention prior to depositing it. Which regulation allows ABC to attempt to collect the remaining balance?

• A.UCC Article 4 - Bank Deposits and Collections
• B.Federal Reserve Regulation CC
• C.UCC Article 2 - Clearing of Checks
• D.UCC Article 3 - Negotiable Instruments

A company that has a nationwide workforce may use which of the following methods for disbursing payroll to minimize the number of bank accounts?
I. Payable through draft
II. Multiple drawee checks
III. ACH credit transfers

• A.I only
• B.I and III only
• C.II only
• D.II and III only

A sinking fund is primarily used for which of the following purposes?

• A.To provide periodic principal reductions over the life of the bond
• B.To ensure that adequate funds are available to redeem the bond issue
• C.To pay bond administration costs
• D.To provide interest distributions to bondholders

DGB Inc.'s CEO and founder retired shortly after the company went public two years ago. DGB Inc. has recently struggled, and the founder has agreed to return as an independent director. What violation, if any, has occurred?

• A.No violation has occurred.
• B.Section 404 of the Sarbanes-Oxley Act has been violated.
• C.ERISA disclosure requirements have not been met.
• D.The cooling-off period has not been met.

Capital budgeting is defined as the:

• A.provision of sufficient borrowing facilities to meet transaction requirements.
• B.addition of capital to the firm which results in a cash inflow.
• C.determination of the optimal level of debt versus equity.
• D.process of evaluating alternative investment projects.