What is a lockbox and why is a lockbox used

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Reference no: EM131356515

1. What is a lockbox? Why is a lockbox used?

2. Describe several ways that companies have used IT to reduce the float connected with cash receipts.

3. What are the sales data and accounts receivable data stores?

4. What is the difference between a postbilling system and a prebilling system?

Reference no: EM131356515

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