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CTP · Question #438
CTP Question #438: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) The Cash Manager of XYZ Corporation is trying to determine today's closing cash position in order to make an investment or borrowing decision. The Cash Manager anticipates wiring $55,000 in tax payments and $63,000 in supplier payments today. Additionally, the Cash Manager is aware that a $15,000 wire was received today into the company's concentration account from a customer and that XYZ Corp. will have to fund a bond interest payment of $200,000 in three days. Using this information, as well as the data in the table, what is the closing cash position for XYZ Corporation?
Options
- A$(225,000)
- B$(52,000)
- C$(40,000)
- D$(25,000)
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