Business, 21.08.2021 01:10 ellycleland16

A company may set up a lockbox service with its bank for receiving customers' payments. The company's customers send their payments to the PO box. Then the bank collects and processes these payments directly and deposits them to the company's account. A lockbox plan is therefore most beneficial to firms which Select one: a. Send payables over a wide geographic area. b. Have widely disbursed manufacturing facilities. c. Have a large marketable securities account to protect. d. Hold inventories at many different sites. e. Make collections over a wide geographic area.

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A company may set up a lockbox service with its bank for receiving customers' payments. The company'...

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