By getting closer to the source of payment,lockboxes can be used to reduce:
A) availability float.
B) mailing float.
C) in-house processing float.
D) disbursement float.
E) clearing float.
Correct Answer:
Verified
Q2: When a firm writes a check,there is
Q3: Firms hold cash to satisfy the transaction
Q4: The fastest but most expensive way for
Q5: Firms would need to hold zero cash
Q6: All the following can create disbursement float
Q8: Firms hold cash,in part,to satisfy compensating balance
Q9: Average daily float can be calculated as:
A)Average
Q10: Which one of these probably has reduced
Q11: Determining the appropriate cash balance involves assessing
Q12: Net collection float means the:
A)book balance is
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