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Certified Treasury Professional Questions 486–490 (page: 99)

A company transfers funds from its remote accounts by ACH with a one-day settlement and is notified of a same-day credit of $100,000 in one of its accounts. A wire transfer costs $27.75 incrementally. Assuming a 360-day year, which of the following is the minimum rate of interest that must be earned on these funds to justify the cost of a wire transfer?

A company is considering expanding to a three-site lockbox system from its current two-site system and has collected the following data:



The average collection float in the current system is:

Which of the following statements is (are) true about non-repetitive wires?

I). They may require additional security steps.
II). They are typically used for cash concentration.
III). They may be used for transactions where dates, parties, and/or amounts may be variable.

A company's investment guidelines typically restrict all of the following EXCEPT:

Which of the following is a typical overnight use of excess cash?