With respect to the workings of a lockbox system, the payments are recorded on the customer's account prior to the cheques being deposited.
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Q13: Processing delay is a components of collection
Q14: Mailing time is a component of collection
Q15: Net float is the sum of the
Q16: Preauthorized payments help reduce collection float.
Q17: With respect to the workings of a
Q19: Electronic lockboxes help reduce collection float.
Q20: Disbursement float is created by any transaction
Q21: Providing a discount for customers who pay
Q22: Accepting debit card transactions will decrease the
Q23: Billing customers electronically will decrease the total
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