ADMISSION-Certified Government Financial Manager

Assume an invoice with credit terms of 2%/10, net30. The interest charge is 2% of $1000, or $20; the principal is $980; and the days of principal borrowed are the 20 days of credit. What is the interest rate offered if the discount is taken?

Which one the following statement is NOT included in Green Purchasing?

The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is &0.70(0.20x$3.50). What is the economic order quantity?

The primary objectives, in priority order, should be:

In the collection of cash receipts, for a fee, organizations can engage a bank to provide a lock-box service. Lockboxes may be:

Banks offer short-term loans, including:

Assume that the bank's monthly costs are $12,250, the 30-day Treasury bill rate is 10.4%, and the bank is subject to a 15% reserve requirement. What is the MCB (Minimum compensating balance)?

Once the budget has been adopted, the _______ executes it to ensure that legislative intent is met and the budget stays in balance.

There are same budget reserves for all types of budgets (Federal, State and Local).

A conflict of interest occurs when an employee enjoys monetary gain at public expense. Possible conflict of interest problems may be all of the following EXCEPT: