With the ACH (automated clearing house) credits, disbursement float is sacrificed because ACH transactions immediately draw down the company's payroll account on pay day.
Correct Answer:
Verified
Q238: An aging schedule breaks down accounts receivable
Q267: Playing the float involves the strategic use
Q285: When managing accounts receivable, a good strategy
Q287: Commercial paper is a short-term loan issued
Q288: Treasury notes are obligations of the U.S.
Q289: Most federal agency issues have short maturities
Q290: When managing accounts payable, a good strategy
Q290: The yields on Treasury bills are generally
Q291: The higher yields on Eurodollar deposits compared
Q292: A major decision confronting the business firm
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents