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Lia Lowe

Dec 16, 2024

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

E. Have customers who operate in many different parts of the country.Explanation:Details about a lockbox plan and services explains that this is a banking service to companies by a certain bank or banks that proceeds and receives receipts of payments from its customers where they are directly channeled to a plan inwhich they work with the bank on behalf of the company instead of contacting the said company as the bank helps or fastens the receipt processing and. The lockbox is virtually known to be advantageous to customers who operate in many different parts of the country.It is generally known to assist companies with a very efficient way of depositing customer payments, this is for companies that find it a bit hard to check and respond to mails.
i mean, there is a lot of homeless people. but it is a very busy place and always in need for people who can be busy so it's not impossible to find one.

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