Which of the Following Statements Is Correct About Cash Management

question 60

Multiple Choice

Which of the following statements is correct about cash management systems?

• A) A lockbox system is useful in concentration banking.
• B) A firm that has many divisions operating over a wide geographic area will find that payables centralization offers little benefit.
• C) Disbursement float refers to the value of the checks deposited but the amount is not available in the account.
• D) There are no actions a firm can take to improve its synchronization of cash flows.
• E) Zero-Balance accounts help in managing the cash receipts of a firm.

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