AFP
CTP · Question #488
CTP Question #488: Real Exam Question with Answer & Explanation
Sign in or unlock CTP to reveal the answer and full explanation for question #488. The question stem and answer options stay visible for context.
Question
- (Topic 5) Company XYZ sends an ACH debit file valued at $300,000 with an average item value of $1,000. The file settlement date is March 10. The file contains no duplicate items and items are split equally between corporate and consumer items. One percent of consumer items and 2% of corporate items were returned. What would be the final net settlement value for Company XYZ?
Options
- A$291,000
- B$295,500
- C$297,000
Unlock CTP to see the answer
You've previewed enough free CTP questions. Unlock CTP for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.