FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

18. A Centralized processing system is: A lockbox system with multiple locations is collected by the same commercial bank Multiple offices of the corporation collected

18. A Centralized processing system is:

  1. A lockbox system with multiple locations is collected by the same commercial bank
  2. Multiple offices of the corporation collected funds and deposit them to a single bank account
  3. The corporate headquarters receives all customer payments and checks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Enumerate the benefits of depositary receipts to the issuers.

Answered: 1 week ago

Question

★★★★★
A toy manufacturer that specialises in making fad items has just developed a 50000 moulding machine for producing a special toy. The machine has been used to produce only one unit so far. The company...

Answered: 1 week ago

Question

★★★★★
***Please answer the below question parts using java code*** 1. Write the code to load an array. Use simple I/O (system.out.print, etc.) to get integer values from the user and load the array...

Answered: 1 week ago

Question

★★★★★
i need help with this question please Prepare a cost sheet using following information, calculating gross Profit: (10 Marks) Opening Stock Closing Stock Raw Material $8,000 $12000 Work in Process...

Answered: 1 week ago

Question

★★★★★
The company s suppliers are in Asia. What strategy should the company adopt for raw material inventory management as well as finished goods inventory management. Please recommend a distribution grid...

Answered: 1 week ago

Question

★★★★★
Action Memo : Write and submit an action memo to the chief executive officer of a manufacturing company recommending an approach for future energy efficiency and renewable energy development, using...

Answered: 1 week ago

Question

★★★★★
An educational consultant claims that the average IQ of high school students in a particular city is at least 110. To verify this claim, a school board selects a random sample of 20 students and...

Answered: 1 week ago

Question

★★★★★
Below are summary cash flow statements for three roughly equal-sized companies. ($ millions) A B C Net cash flows from operating activities (312 ) (312 ) 324 Net cash used in investing activities...

Answered: 1 week ago

Question

★★★★★
You are a Chartered Certified Accountant and the newly appointed Internal Auditor of a company that is experiencing financial difficulties. As a condition for obtaining bank loans, the company has...

Answered: 1 week ago

Previous Question Next Question