Which of the following is not a method of speeding up collections?
A) Lock-box system.
B) Regional collection centers.
C) Extended disbursement float.
D) All of these are methods for speeding up collections.

Question

Quizplus · Accepted Answer

Extended disbursement float refers to the time between when a payment is made by the customer and when the funds are actually available to the company. This does not speed up collections, but rather delays them. A lock-box system and regional collection centers both expedite the time it takes for a company to receive incoming payments, thus speeding up collections.

Which of the Following Is Not a Method of Speeding