Briefly describe each of the following disbursement products/methods: Zero-balance accounts (ZBAs) Controlled disbursement Positive
Question:
• Zero-balance accounts (ZBAs)
• Controlled disbursement
• Positive pay
How does a ZBA relate to the firm’s target cash balance?
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A zero balance account always has an endofday balance of zero This eliminates nonearning cash balanc...View the full answer
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Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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