Which of the following statements is true?

Question

Quizplus · Accepted Answer

A lockbox system actually speeds up the funds available process by reducing mail and processing times. Accounts payable should be managed efficiently, but not necessarily settled immediately upon notice, to optimize cash flow. Electronic transfers are generally faster than traditional checks. The statement about trade discounts is true; companies offer them to encourage prompt payment, but the benefits must outweigh the costs.

Which of the Following Statements Is True