The Principle Objective of a Lockbox System Is To

question 30

Multiple Choice

The principle objective of a lockbox system is to:

• A)ensure the safety of accounts receivable collections.
• B)allow collected accounts receivable to earn interest while they are being processed.
• C)reduce mailing and processing time for accounts receivable.
• D)provide an accurate accounting of accounts receivable collections.

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Definitions:

Hydration

The process of adding water to a substance, often refers to the reaction where water molecules are added to chemical compounds.

Compound A

A placeholder name used to refer to a specific but unidentified chemical substance in scientific discussions.

Chemical Formula

A representation of a substance using symbols for its constituent elements and numerical values indicating the number of atoms of each element.

Stereochemical

Pertaining to the spatial arrangement of atoms in molecules and the effect of this arrangement on the chemical and physical properties of substances.