CTFA Exam Questions and Answers | Exam-Dumps (Page: 9)

Cash surplus divided by net income (after tax); indicates relative amount of cash surplus achieved during a given period is:

Answer(s): C

Total monthly loan payments divided by monthly gross (before-tax) income; provides a measure of the ability to pay debts promptly is:

Answer(s): D

A cash budget is the valuable money management tool that helps you EXCEPT:

Maintain the necessary information to monitor and control your finances
Decide how to allocate your income to reach your financial goals
Implement a system of disciplined spending-as opposed to just existing from one paycheck to the next
Enhance needles spending so you can increase the funds allocated to savings and investments

Answer(s): D

Budget control schedule is:

A summary that shows how actual income and expenses compare with the various budget categories
A summary that shows how actual income and expenses compare with the various budget categories and where variances (surplus or deficit) exist
A graphical presentation of cash flows
The interest earned each year

Answer(s): B

"Shareholder wealth" in a firm is represented by:

Answer(s): D

ABA CTFA Exam (page: 9) ABA Certified Trust and Financial Advisor (CTFA) Updated on: 25-Dec-2025