With respect to the workings of a lockbox system, The payments are recorded on the customer's
account prior to the cheques being deposited.
Correct Answer:
Verified
Q10: Concentration time Is a components of collection
Q11: Collection float increases book balances but does
Q12: Net float that is positive is preferred
Q13: Electronic lockboxes help reduce collection float.
Q14: Disbursement float is sometimes used by firms
Q16: Disbursement float is created by any transaction
Q17: Availability delay Is a components of collection
Q18: Mailing time Is a components of collection
Q19: Use of remote post office box help
Q20: Net float is the sum of the
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