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NEW QUESTION: 1
A pizza restaurant chain maintains separate accounts at bank branches near each of their 1,067 restaurants to handle the deposit of cash received. Early each morning, the company's point-of-sale system electronically transmits collection totals from the previous day to its main computer. ACH debits are then initiated to concentrate the funds from the local accounts to the concentration account the following day. Recently, several of the ACH debits have been returned for insufficient funds because deposits weren't being taken to the bank on a timely basis by the local employees. Without increasing staff at the restaurants, what could Treasury do to prevent this from happening and avoid overdrafts at the local banks?
A. Use a courier to deposit to each bank 3 times per week.
B. Use wire transfers to concentrate the cash instead of ACH.
C. Negotiate better float schedules at its local banks.
D. Install smart safes at each restaurant location.
Answer: D

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