10 free CTP practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CTP Practice Test 6Tutor mode
Question 1 of 10
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner
Dunmore Brewing collects checks from distributors nationwide through a single lockbox in Chicago. A collection study of its West Coast remitters shows average mail float of 3.2 days, lockbox processing float of 0.3 day and availability float of 1.0 day. Treasury wants to cut float on these checks while the distributors keep paying by check. Which action BEST addresses the largest float component?