AFP
CTP · Question #395
(Topic 4) PFA Corporation has used regression analysis based on historical data to determine the estimated portion of dollars of checks issued that will clear on any given business day. If PFA…
The correct answer is B. $15,000. See the full explanation below for the reasoning.
Question
- (Topic 4)
PFA Corporation has used regression analysis based on historical data to determine the estimated portion of dollars of checks issued that will clear on any given business day. If PFA issued $150,000 in checks and $7,500 worth of checks cleared on day 5, what value of checks will be estimated to clear on day 4?
Options
- A$7,500
- B$15,000
- C$22,500
- D$30,000
How the community answered
(33 responses)- A6% (2)
- B76% (25)
- C3% (1)
- D15% (5)
Community Discussion
No community discussion yet for this question.