A Lockbox Plan Is

question 72

Multiple Choice

A lockbox plan is

• A) used to protect cash,i.e. ,to keep it from being stolen.
• B) used to identify inventory safety stocks.
• C) used to slow down the collection of checks our firm writes.
• D) used to speed up the collection of checks received.
• E) used primarily by firms where currency is used frequently in transactions,such as fast food restaurants,and less frequently by firms that receive payments as checks.

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