Which one of the following collection times is correctly described?
A) The processing delay starts when a bill is mailed and ends when the payment is received.
B) Mailing time begins when a bill is mailed and ends when the payment is received.
C) Collection time begins when a bill is mailed and ends when the cash payment is available for spending.
D) Availability delay begins when a payment is deposited and ends when the cash from that payment is available for spending.
E) Processing delay begins when a bill is mailed and ends when the payment of that bill is deposited into the bank.
Correct Answer:
Verified
Q1: A lockbox system:
A) entails the use of
Q3: Which one of the following enabled checks
Q4: Collection float:
A) is more desirable to companies
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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