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Lock-box system: Under this system, firms hire a post office lock-box at important collection centres. Lockbox system is a collection procedure in which payers send their payments/cheques to a nearby post box that is emptied by the firm's bank several times and the bank deposits the cheque in the firm's account. It reduces the float by shortening the lethargy as well as postal and bank floats.
installing a lockbox system is answer
What else can I help you with?
Firms exposed to the risk of interest rate changes may reduce that risk by?
One way to partially reduce that risk is through interest rate hedging activities in the financial futures market. Hedgingmeans to engage in a transaction that partially or fully reduces a prior risk exposure.
What are the factors that can affect cash inflow?
Check payments "mailed out" to firms will delay the infow of cash to the firm receiving the payment, look-up "mail float". Then the time it takes a bank to clear a check, look-up "clearing float". Another factor is the locations of the P.O. boxes where the firm receives its payments, it should always be near the firm's office collecting disbursements.
Can collection agencies garnish your wages?
Collection agencies cannot garnish wages or seize property. They can refer the deliquent account to a collection attorney who can file a lawsuit. The attorney must be licensed in the debtor's state and the lawsuit must be filed there. If the lawsuit is won, a writ of judgment can be issued. The writ can be executed in the form of wage garnishment, bank account levy and seizure of nonexempt property. There are collection firms such as Mann Bracken who are also collection attorneys, they handle accounts from large banks such as Bank One/Chase. MB has been authorized to act as an arbitration collector, which differs somewhat from traditional lawsuit action. ("Macky" macky83@juno.com)
What competitive environmental forces influence the firms strategy?
The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
Why ratios is calculated?
To see the Firms Financial position Firms Performance Trend analysis
What is net float?
Definition Sum of disbursement float and collection float.
Where can one buy cheap bedding collection for a hotel?
You can get a great deal on bedding collection by getting quotes from large laundry firms in the local area. You can get their details from the Yellow Pages.
How does collusion improve the financial standing of firms?
Collusion can improve the financial standing of firms by allowing them to work together to manipulate prices, reduce competition, and increase profits. This can lead to higher revenues and market power for the colluding firms, ultimately boosting their financial performance.
Why a rotten egg will float in a fresh water?
During decomposition an egg gives off gas which collects within the shell. Eventually this collection of gas gives the egg enough bouancy to float.
Why do some firms price discriminate?
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
Is a clould a part of earths atmosphere?
A cloud is a collection of water droplets that float and collect in the Troposphere and occasionally in the lower portion of the Stratosphere.
What are the names of some telecommunications consulting firms?
There are various telecommunications consulting firms that help companies look at their use of telecommunications and reduce the costs involved. The larger and more established companies include BBM, FTI and Fox Group.
How do rocks float on water?
Rocks generally do not float on water because their density is greater than that of water. However, certain types of rocks, like pumice, can float due to their unique structure, which contains numerous air pockets that reduce their overall density. When the density of a material is less than that of the water, it can float, demonstrating the principle of buoyancy.
When society requires that firms reduce pollution?
A trade-off because of reduced incomes to the firms' owners and workers.
When a merger of firms in a variety of different industries is called a?
When a merger of firms in a variety of different industries occurs, it is called a "conglomerate merger." This type of merger involves companies that operate in unrelated business sectors, allowing for diversification of products and markets. Conglomerate mergers can help firms reduce risk by spreading their investments across different industries.
When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called?
outsourcing
A firm prefer net collection or disbursement float?
Net disbursement float is more desirable because the bank thinks the firm has more money than it actually does, and the firm is therefore receiving interest on funds it has already spent.
