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CTP · Question #492
(Topic 5) A company is considering expanding to a three-site lockbox system from its current two- site system and has collected the following data: The average collection float in the current system…
The correct answer is D. 13,000,000 dollar-days. See the full explanation below for the reasoning.
Question
- (Topic 5)
A company is considering expanding to a three-site lockbox system from its current two- site system and has collected the following data:
The average collection float in the current system is:
Options
- A3,000,000 dollar-days.
- B8,000,000 dollar-days.
- C11,000,000 dollar-days.
- D13,000,000 dollar-days.
How the community answered
(38 responses)- A13% (5)
- B8% (3)
- C5% (2)
- D74% (28)
Community Discussion
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