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Which one of the following practices will reduce a firm's collection float? A. utilizing zero-balance accounts

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Question

Which one of the following practices will reduce a firm's collection float?;A. utilizing zero-balance accounts;B. depositing checks weekly rather than daily;C. requiring all customers pay by check rather than with cash;D. installing a lockbox system;E. paying all bills five days sooner

 

Paper#32482 | Written in 18-Jul-2015

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