Lucinda has decided to use a _______________ to speed up the processing of inovice payments.
A)customer box.
B)deposit box.
C)lock box.
D)mail box.

Question

Quizplus · Accepted Answer

A lock box is specifically designed for the processing of invoice payments. Customers send their payments directly to the lock box, which is managed by a third-party service provider, and the provider then deposits the payments into Lucinda's account. This process speeds up payment processing and improves cash flow management. The other choices - customer box, deposit box, and mail box - are not designed for invoice payment processing and would not be as efficient.

Lucinda Has Decided to Use a _______________ to Speed Up