Which of the Following Practices Will Reduce a Firm's Collection

question 77

Multiple Choice

Which of the following practices will reduce a firm's collection float? I. installing a lockbox system
II) utilizing zero-balance accounts
III) depositing checks daily rather than weekly
IV) reducing the processing delay by one day

• A) I and III only
• B) II and IV only
• C) I, II, and III only
• D) I, III, and IV only
• E) I, II, III, and IV

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Definitions:

Retail Store

A business establishment that sells goods or services directly to the public, typically from a fixed location or online platform.

Production Possibilities Curve

A graphical representation illustrating the maximum output possibilities for two goods, given a set of inputs and technological efficiency.

Government Policy

Guidelines or rules established by governments to direct public action in specific areas such as health, education, and economic management.

Consumer Goods

Products and services that are used by individuals or households to satisfy their immediate wants and needs.