Which one of the following is the least likely to reduce a company's total collection time?
A) Assigning additional staff in the morning to process incoming payments
B) Establishing preauthorized payments from customers
C) Opening a post office box so mail can be received earlier in the morning
D) Providing a discount for customers who pay electronically
E) Depositing funds only at day's end
Correct Answer:
Verified
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
Q13: A lockbox is a:
A) special safe used
Q14: Which two of the following require liquidity
Q15: Lockboxes:
A) should be geographically located close to
Q16: The Research Center has branch operations in
Q17: Cash concentration accounts:
A) tend to increase the
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