_______________ is/are not a method of speeding up collections of cash. All of the options are methods for speeding up collections.
a. Regional collection centers.
b. Lock-box system.
c. Extended disbursement float.
The disbursement float is money that has been spent, that has not yet been taken out of the bank account. For example, the time it takes for a check payment to clear is referred to as a disbursement float.
Answer and Explanation:
The answer is: c. Extended disbursement float. Extended disbursement float is helpful for companies that are trying to slow the collections process to...
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from Finance 101: Principles of FinanceChapter 18 / Lesson 3