A company with national sales but only one large manufacturing operation and one administrative headquarters located in the same large northeastern city would most likely use which of the following techniques for cash management?
A) lockbox system
B) zero balance accounts
C) payable-through drafts
D) bankers' acceptances

Question

Quizplus · Accepted Answer

A lockbox system is ideal for a company with national sales as it helps in quickly collecting and processing payments from customers across the country, reducing mail and processing times and improving cash flow.

A Company with National Sales but Only One Large Manufacturing