QUESTION: 49

The Governmental Accounting Standards Board (GASB) is the authoritative standard-setting body for which of the following?

Private universities
Healthcare organizations
Public works agencies
Publicly traded companies

Answer(s): C

Reveal Solution Next Question

The fixed costs to manufacture widgets are estimated to be $54,000. The benefit (sales) of a widget is estimated to be $6.78 per unit, and the variable costs are estimated at $4.48 per unit. What is the estimated break-even point in units for the manufacture of widgets (rounded to the nearest unit)?

4,796
7,965
12,054
23,478

Answer(s): D

Reveal Solution Next Question

QUESTION: 51

If a company has $126 million in debt at an average cost of 7% and $234 million in equity at a cost of 11%, what is its weighted average cost of capital, assuming a marginal tax rate of 35% and a risk- adjusted rate of 13%?

8.7%
9.6%
10.0%
10.9%

Answer(s): A

Reveal Solution Next Question

QUESTION: 52

A cash manager has determined that the break-even amount for justifying a wire transfer over an ACH for concentration of funds is $145,000. Using a wire instead of an ACH gives the company use of the funds two days earlier to make overnight investments. Based on a wire transfer cost of
$10.00 and an ACH transaction cost of $0.70, what is the company’s overnight investment interest rate on a 365-day year basis?

0.95%
1.17%
2.34%
2.57%

Answer(s): B

Reveal Solution Next Question

Free CTP Exam Braindumps (page: 14)

QUESTION: 49

QUESTION: 50

QUESTION: 51

QUESTION: 52

CTP Exam Discussions & Posts