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What is a lockbox system

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Reference no: EM132491177

Answer the following questions on cash management.

1. What is a lockbox system? How can it improve the firm's collection system?

2. What is Optimal Cash Balance? What is its significance in cash management?

3. When do we consider the cash conversion cycle as favorable or unfavorable? Give at least two ways to improve the cash conversion cycle.

Reference no: EM132491177

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What is a lockbox system : 1. What is a lockbox system? How can it improve the firm's collection system?
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