Which of the following is not true of float management?
A) Float management involves controlling the collection and disbursement of cash.
B) An objective of float management is to speed up the collection float.
C) An objective of float management is to slow down disbursement float.
D) Float management will succeed if the firm can collect late and pay early.
E) All of the above are true of float management.
Correct Answer:
Verified
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