Which one of the following statements is correct?
A) Cash concentration accounts apply only to firms with geographically diverse manufacturing facilities.
B) Cash concentration accounts should improve the efficiency of a firm's cash management.
C) A firm with a lock-box system does not need a concentration account.
D) Firms generally need multiple concentration accounts.
E) Concentration accounts are not needed when a firm's disbursements are all done electronically.
Correct Answer:
Verified
Q244: Which of the following is true in
Q245: Which of the following is the best
Q246: Which of the following is the best
Q247: Money market instruments:
A) Generally mature in 90
Q248: The average daily receipts multiplied by the
Q250: The period of time between the issuance
Q251: Disbursement float increases as the:
A) Average amount
Q252: Which of the following is the best
Q253: Zero balance accounts are commonly used:
A) As
Q254: Your firm maintains a banking relationship with
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