The Benefits of a Lockbox Arrangement with a Bank Are

Multiple Choice

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.