e establishment and usage of a zero-balance account in relation to the cash management strategies of a firm generally decreases all except one a. any excess bank balance b. processing time c. any disbursement float d. the annual cost of cash

e establishment and usage of a zero-balance account in relation to the cash management strategies of a firm generally decreases all except one a. any excess bank balance b. processing time c. any disbursement float d. the annual cost of cash

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 12MCQ

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Question

The establishment and usage of a zero-balance account in relation to the cash management strategies of a firm generally decreases all except one

a. any excess bank balance

b. processing time

c. any disbursement float

d. the annual cost of cash

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