Which One of the Following Statements Is Correct

question 3

Multiple Choice

Which one of the following statements is correct?

• A)Firms cannot use lockboxes if they use cash concentration accounts.
• B)Firms prefer to increase processing delay on disbursements.
• C)Firms prefer to eliminate all types of float.
• D)Firms open regional offices so their employees can pick up lockbox payments throughout the day.
• E)The Check Clearing Act for the 21^st Century is designed to reduce the collection time to one day.