A lockbox plan is most beneficial to firms that a. receive payments in the form of currency, such as fast food restaurants, rather

Question

A lockbox plan is most beneficial to firms that a. receive payments in the form of currency, such as fast food restaurants, rather than in the form of checks. b. have widely dispersed manufacturing facilities. c. have suppliers who operate in many different parts of the country. d. have a large marketable securities portfolio and cash to protect. e. have customers who operate in many different parts of the country.

Hermina Ferry · Accepted Answer

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.

Hermina Ferry · Answer

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.

Hermina Ferry · Answer

$11,000 is the answer you are looking for

Jakob Littel

A lockbox plan is most beneficial to firms that a. receive payments in the form of currency, such as fast food restaurants, rather

3 Answers

AI-Powered Insights

Want to answer this question?

Categories

Tags

Related Questions