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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Based on the definition of float presented in the chapter, discuss several possibilities for improving the cash float for your company, assuming you are the cashier.

Summary Introduction

To explain: The several possibilities for improving the cash float of the company assuming Person X is the cashier.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The several possibilities for improving the cash float of the company assuming Person X is the cashier:

  • The customer can be asked to send their payments to a lockbox. The payments will be deposited faster than other payment methods.
  • The national and international firms can make the clients send their payments to local banks nearer to the client...

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