Question
Which one of these is not a characteristic of a concentration system of collections? (1) All surplus funds are electronically transferred to a centralized account.
Which one of these isnota characteristic of a concentration system of collections?
(1) All surplus funds are electronically transferred to a centralized account.
(2) Check clearing times are increased.
(3) Customer payments are directed to a local collection center.
(4) Collection time is reduced.
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
