Which one of the following statements is correct?
A) Firms cannot use lockboxes if they use cash concentration accounts.
B) Firms prefer to increase processing delay on disbursements.
C) Firms prefer to eliminate all types of float.
D) Firms open regional offices so their employees can pick up lockbox payments throughout the day.
E) The Check Clearing Act for the Century is designed to reduce the collection time to one day.

Question

Which one of the following statements is correct?
A) Firms cannot use lockboxes if they use cash concentration accounts. 
B) Firms prefer to increase processing delay on disbursements. 
C) Firms prefer to eliminate all types of float. 
D) Firms open regional offices so their employees can pick up lockbox payments throughout the day. 
E) The Check Clearing Act for the Century is designed to reduce the collection time to one day.

Quizplus · Accepted Answer

The Answer of Which one of the following statements is correct?
A) Firms cannot use lockboxes if they use cash concentration accounts. 
B) Firms prefer to increase processing delay on disbursements. 
C) Firms prefer to eliminate all types of float. 
D) Firms open regional offices so their employees can pick up lockbox payments throughout the day. 
E) The Check Clearing Act for the Century is designed to reduce the collection time to one day.

Which One of the Following Statements Is Correct