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pompa pompa
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7 years ago
A customer sends payment to a post office box which is emptied by a firm's bank daily. The bank then processes the payments and notifies the firm of the day's collections. This collection technique is known as ________.
A) a direct send
B) concentration banking
C) the lockbox system
D) controlled disbursing
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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pompa Author
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7 years ago
Correct Slight Smile TY
riptide
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Yesterday
Smart ... Thanks!
Shuqin
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2 hours ago
You make an excellent tutor!
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