The benefit(s)of a lock box system include

Question

Quizplus · Accepted Answer

A lock box system can not only reduce mail float by allowing payments to be deposited directly into a company's bank account, but it can also reduce processing float by automating the deposit process and increasing the speed at which payments are processed. Additionally, it can reduce availability float by providing faster access to funds. Therefore, all of the choices listed (A, B, and C) are benefits of a lock box system.

The Benefit(s)of a Lock Box System Include