The main purpose of a cash concentration account is to:
A) Decrease collection float.
B) Decrease disbursement float.
C) Consolidate funds.
D) Replace a lockbox system.
E) Cover compensating balance requirements.
Correct Answer:
Verified
Q267: The movement of money from multiple bank
Q268: Disbursement float is defined as the:
A) Period
Q269: A chequing account for which the firm
Q270: Under the Miller-Orr model, the lower limit
Q271: Collection float:
A) Is more desirable to firms
Q273: The balance of cash shown in the
Q274: Martin's Methods, an educational training firm, has
Q275: Which of the following statements is true?
A)
Q276: In the Miller-Orr model of cash management
Q277: Terminator, Inc. keeps excess cash on hand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents