AFP
CTP · Question #514
(Topic 6) Under which of the following circumstances is lengthening the disbursement mail float NOT a benefit to the disbursing company?
The correct answer is B. Vendors view a substantial delay as a late payment. See the full explanation below for the reasoning.
Question
- (Topic 6)
Under which of the following circumstances is lengthening the disbursement mail float NOT a benefit to the disbursing company?
Options
- AInterest rates are high.
- BVendors view a substantial delay as a late payment.
- CClearing float is reduced only slightly.
- DThe lengthened mail float exceeds standard clearing times.
How the community answered
(60 responses)- A3% (2)
- B75% (45)
- C15% (9)
- D7% (4)
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