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Which of the following practices will reduce a firm's collection float? (May be more than one) I. Installing a lockbox system II. Utilizing a zero-balance

Which of the following practices will reduce a firm's collection float? (May be more than one)

I. Installing a lockbox system

II. Utilizing a zero-balance account

III. Depositing checks daily rather than weekly

IV. Reducing the processing delay by one day

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