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AFP Certified Treasury Professional CTP Question # 253 Topic 3 Discussion

AFP Certified Treasury Professional CTP Question # 253 Topic 3 Discussion

CTP Exam Topic 3 Question 253 Discussion:
Question #: 253
Topic #: 3

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?


A.

$291,000


B.

$295,500


C.

$297,000


D.

$298,500


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