Managing a firm's cash outflows through use of a "zero balance account" system offers all but which of the following benefits? higher rate of return on invested funds centralized central over disbursements reduction of management time spent on superficial cash management activities reduction of excess balances in outlying accounts Lockbox arrangements may reduce mail float, processing float, and transit float. True False Commercial paper is a short-term, unsecured, promissory note. True False A company is technically insolvent when earnings before interest payments are less than the interest payments. it lacks the necessary liquidity to promptly pay its current debt obligations cash outflows in a given period are greater than cash inflows. current ratio is less than 1.0 Transaction balances are used to meet the regular cash needs of the firm, not irregular outflows that will be handled with speculative balances. True False