A lockbox plan is most beneficial to which firms?
A) those with widely disbursed manufacturing facilities
B) those that have a large marketable securities portfolio and cash to protect
C) those that hold inventories at many different sites
D) those that have customers who operate in many different parts of the country

Question

Quizplus · Accepted Answer

A lockbox plan is most beneficial to firms with customers spread across various regions, as it speeds up the collection and processing of payments by having local banks handle the deposits, reducing mail and processing time.

A Lockbox Plan Is Most Beneficial to Which Firms