Which statement is correct?

Multiple Choice

a) Firms cannot use lockboxes if they use cash concentration accounts.

b) Firms prefer to increase processing delay on disbursements.

c) Firms prefer to eliminate all types of float.

d) Firms open regional offices so their employees can pick up lockbox payments throughout the day.

e) The Check Clearing Act for the 21st Century is designed to reduce total collection time to one day.