The benefits of a lockbox arrangement with a bank are maximized when
A) the bank is located nearby to the company, so remittance advices can be delivered to the company every day.
B) several banks around the country are used, in order to minimize the time payments spend in the mail.
C) an arrangement is made with only one bank, so all remittance advices can be batched for processing.
D) the bank deposits the payments and accesses the customer's information system to record the payments.
B
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Readers will prejudge the quality of your products, services or capabilities based on the quality of your proposal
Indicate whether the statement is true or false.
The ________ is the true simple interest rate paid over the life of a loan and provides a reasonable approximation for the true cost of borrowing
A) APP B) APR C) ADR D) ARR E) none of the above