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he Global Light Company has regional offices located in five provinces and services only three...

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Finance

he Global Light Company has regional offices located in five provinces and services only three national customers. Each office is responsible for processing its own cheques to cover payroll, purchases, and other costs. The home office controls the investments and loans for the entire firm. All payments from the three customers are submitted directly to the home office, which is conveniently located near the home offices of its customers. Which one of the following options appears best suited for use in this situation?

Multiple Choice

  • A master account plus one zero-balance account for payroll and one zero-balance account for all other regional disbursements.

  • Five master accounts along with five zero-balance accounts for payroll

  • One master account plus one zero-balance account for each office

  • A concentration account with five separate lockboxes geographically disbursed.

  • One zero-balance account and one controlled disbursement account for the home office plus one master account for each of the regional offices

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