Which of the Following Does NOT Reduce the Length of Time

question 16

Multiple Choice

Which of the following does NOT reduce the length of time of collection float for a firm?

• A) Direct payment via on line checking
• B) The firm paying suppliers with a credit card
• C) Lockboxes
• D) Electronic fund transfers (ETF)

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Definitions:

Rare Coins

Unique or scarce monetary coins which are collected for their historical, cultural, or investment value.

Chinese Gold Panda

The Chinese Gold Panda is a series of gold bullion coins issued by the People's Republic of China, noted for its changing panda-themed designs.

Accountant

A professional responsible for managing and examining financial records, and providing advice on fiscal matters.

Accounting Partnership

A business arrangement where two or more individuals engage in an accounting practice together, sharing profits, losses, and responsibilities.