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AFP Certified Treasury Professional CTP Question # 456 Topic 23 Discussion

AFP Certified Treasury Professional CTP Question # 456 Topic 23 Discussion

CTP Exam Topic 23 Question 456 Discussion:
Question #: 456
Topic #: 23

A North American service company has autonomous offices in different geographic regions each handling their own sales and accounts receivables deposits to local banks which primarily consist of checks. By implementing a lockbox collection system, what objective in its collection policy would it have met?


A.

Payment float


B.

Cost efficiency


C.

Segregation of duties


D.

Customer satisfaction


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