Which of the following arrangements helps a firm both to accelerate the collection of its customers' payments and to convert those payments into cash?

Name: Which of the following arrangements helps a firm both to accelerate the collection of its customers' payments and to convert those payments into cash?
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

A lockbox arrangement is a service provided by banks to process payments received by a company, which speeds up the collection and conversion of checks into cash.

Which of the Following Arrangements Helps a Firm Both to Accelerate