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A lockbox plan is Select one: a. A method for safe-keeping of marketable securities. b. Used to identify inventory safety stocks. c. A system for
A lockbox plan is
Select one:
a.
A method for safe-keeping of marketable securities.
b.
Used to identify inventory safety stocks.
c.
A system for slowing down the collection of checks written by a firm.
d.
A system for speeding up a firm's collections of checks received.
e.
Not described by any of the above statements.
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