Which of the Following Statements About Cash Management Systems Is

question 42

Multiple Choice

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

• A)A lockbox system generally is used to effectively manage a firm's collections through concentration banking arrangements.
• B)A firm that has many divisions that are widely dispersed geographically will find that centralizing customers' payments is of little benefit.
• C)Disbursement float refers to the frequency with which a firm writes checks to pay its creditors.
• D)There are few actions a firm can take to improve its synchronization of cash flows.
• E)Zero-balance accounts are used to help a firm to manage its cash receipts.

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