Collection float:
A) is more desirable to companies than disbursement float.
B) is totally eliminated by the installation of a lockbox system.
C) exists when the available balance exceeds the book balance.
D) can be avoided by collecting payments electronically at the time of sale.
E) is eliminated by implementing a concentration banking system.
Correct Answer:
Verified
Q1: A lockbox system:
A) entails the use of
Q2: Which one of the following collection times
Q3: Which one of the following enabled checks
Q5: The cash used to make change when
Q6: Disbursements float:
A) occurs when a deposit is
Q7: GT Motors regularly issues short-term debt to
Q8: Which one of these statements is correct?
A)
Q9: Check kiting, or systematically overdrawing accounts, is:
A)
Q10: Float is defined as the:
A) amount of
Q11: Financial electronic data interchange (FEDI):
A) electronically processes
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