A lockbox plan is most beneficial to firms that a. receive payments in the form of currency, such as fast food restaurants, rather
A lockbox plan is particularly advantageous for firms that:
a. receive payments predominantly in the form of currency, such as fast food restaurants, rather than through checks.
b. operate manufacturing facilities that are widely dispersed across various locations.
c. work with suppliers situated in multiple regions throughout the country.
d. manage a substantial portfolio of marketable securities and cash reserves that require protection.
e. have a customer base that is spread across different parts of the country.
3 Answers
Jan 20, 2025
Nov 04, 2024
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