Question

22 Special post office boxes set up to intercept and speed up accounts and receivable payments a. lockboxes b electronic data interchanges (EDI) c check 21 (check imaging) d employer owned banks (EOB) 23 This type of cash management account is a disbursement account in which the firm maintains a zero balance, transferring funds from another account such as a line of credit only as needed a. current account b marketable securities account czero-balance account d treasury account

Answer 1

The answers are provided below

1.
Option A Lockboxes

2.
Option C Zero-balance account