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. Which one of the following best defines cash concentration?  A.  Combining all of a firm's receipts into one bank deposit   B.  Combining a week's worth of cash receipts into one bank deposit   C.  Combining cash from multiple banks into a firm's main bank accounts   D.  Using multiple lockboxes for collecting cash payments   E.  Combining a firm's bills so that disbursement checks are mailed only monthly

. Which one of the following best defines cash concentration?  A.  Combining all of a firm's receipts into one bank deposit   B.  Combining a week's worth of cash receipts into one bank deposit   C.  Combining cash from multiple banks into a firm's main bank accounts   D.  Using multiple lockboxes for collecting cash payments   E.  Combining a firm's bills so that disbursement checks are mailed only monthly

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter23: Other Topics In Working Capital Management
Section: Chapter Questions
Problem 4Q
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. Which one of the following best defines cash concentration? 

A. 

Combining all of a firm's receipts into one bank deposit

 

B. 

Combining a week's worth of cash receipts into one bank deposit

 

C. 

Combining cash from multiple banks into a firm's main bank accounts

 

D. 

Using multiple lockboxes for collecting cash payments

 

E. 

Combining a firm's bills so that disbursement checks are mailed only monthly
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