Which of the following statements is correct?
A) A lockbox system is an example of concentration banking.
B) For a firm that has many divisions or plants operating over a wide geographic area,payables centralization offers little benefit.
C) If a firm increases its disbursement float,its net float will also increase,other things held constant.
D) There are no actions a firm can take to improve its synchronization of cash flows.
E) A lockbox system does not affect collections float.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A) A lockbox system is an example of concentration banking.
B) For a firm that has many divisions or plants operating over a wide geographic area,payables centralization offers little benefit.
C) If a firm increases its disbursement float,its net float will also increase,other things held constant.
D) There are no actions a firm can take to improve its synchronization of cash flows.
E) A lockbox system does not affect collections float.

Which of the Following Statements Is Correct