Which one of these probably has reduced collection time the most?
A) Traditional lockboxes
B) Concentration accounts
C) Financial EDI
D) Zero-balance accounts
E) Depository transfer checks
Correct Answer:
Verified
Q5: Firms would need to hold zero cash
Q6: All the following can create disbursement float
Q7: By getting closer to the source of
Q8: Firms hold cash,in part,to satisfy compensating balance
Q9: Average daily float can be calculated as:
A)Average
Q11: Determining the appropriate cash balance involves assessing
Q12: Net collection float means the:
A)book balance is
Q13: Most large firms hold a larger cash
Q14: The difference between available cash and book
Q15: Collection float includes:
A)availability delay and processing delay
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