Question: 1. What is the benefit from reducing or eliminating float? 2. What is a lockbox? What purpose does it serve? 3. What is a concentration

1. What is the benefit from reducing or eliminating float?

2. What is a lockbox? What purpose does it serve?

3. What is a concentration bank? What purpose does it serve?

4. Is maximizing disbursement float a sound business practice?

5. What is a zero-balance account? What is the advantage of such an account?

6. What are some reasons why firms find themselves with idle cash?

7. What are some types of money market securities?

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1 The benefit of reducing or eliminating float is that it improves cash flow management and reduces the risk of overdrafts or missed payments Float re... View full answer

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