By Getting Closer to the Source of Payment,lockboxes Can Be

question 62

Multiple Choice

By getting closer to the source of payment,lockboxes can be used to reduce:

• A)availability float.
• B)mailing float.
• C)in-house processing float.
• D)disbursement float.
• E)clearing float.

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Definitions:

Maximize Profits

Maximizing profits is the primary goal of most firms and involves strategies and decisions aimed at increasing the difference between total revenues and total costs.

Nondiscriminating Pure Monopolist

A monopolist that charges all consumers the same price for its product, despite potential differences in the market.

Pure Monopolist

A single supplier in a market that controls all the supply of a particular good or service, with no close substitutes available, allowing for the setting of prices.

Profit-Maximizing

The procedure through which a corporation decides on the price and the amount of production that yields the most profit.