The CFO of ABC, Inc

The CFO of ABC, Inc., a large multi-branch company, wants to manage all of the company disbursements from one bank account while also minimizing the collection float. ABC has twenty
Customers that submit recurring annuity payments each quarter. Ignoring costs, which one of the
Following would best meet the requirements of the CFO assuming that all of the following options
Are viable?

A) Establish a lockbox system in each city in which the firm operates
B) Open a concentration bank account in each city in which the firm operates
C) Open a lockbox in each city plus one concentration account located near the home office
D) Use one bank account and establish a preauthorized payment arrangement with each customer
E) Open one zero-balance account in each city along with a concentration account associated with the home office