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AFP Certified Treasury Professional CTP Question # 306 Topic 8 Discussion

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AFP Certified Treasury Professional CTP Question # 306 Topic 8 Discussion

CTP Exam Topic 8 Question 306 Discussion:
Question #: 306
Topic #: 8

Recently LEW Utilities, a local utility company, began using the company processing center method to process customer payments. Prior to this change, it used its local depository bank’s lockbox to process the payments. The PRIMARY advantage of the new method is to:

A.

decrease mail float as a result of applying payments in-house.

B.

ensure that payments are correctly applied to the customer’s account.

C.

reduce the processing float since payments are mailed directly to the customer.

D.

lower overall costs since in-house processing is cheaper than third-party processing.

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Actual exam question for AFP CTP exam by Zephyr65130 at Aug 3, 2025, 12:00:00 AM

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