A Company Located in Delaware Has Customers Nationwide

Multiple Choice

A company located in Delaware has customers nationwide.The most effective system to deal with the issue of float is to

A) use one lock-box collection system located in the Midwest.
B) have customers send their remittances to the company's corporate office in Delaware.
C) use several regional lock-box systems located geographically around clusters of customers.
D) factor its accounts receivable to a collection agency.