AFP Certified Treasury Professional CTP Question # 411 Topic 18 Discussion

AFP Certified Treasury Professional CTP Question # 411 Topic 18 Discussion

CTP Exam Topic 18 Question 411 Discussion:
Question #: 411
Topic #: 18

Company Sales Figures:

    10% of sales collected in the current month of the sale

    45% of sales collected in the month after the sale

    30% of sales collected two months after the sale

    15% of sales collected three months after the sale

    January Sales $300,000

    February Sales $250,000

    March Sales $400,000

    April Sales $450,000

Based on the information above, what is the estimate for the company's April cash flows?


A.

$330,000


B.

$345,000


C.

$1,055,000


D.

$1,070,000


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