5. Accelerating receipts and disbursement controls One objective of managing a firm's cash is to process its cash receipts as quickly as possible. Banks provide many services to process incoming payments quickly and efficiently. Consider the case of Destin Industries: Destin Industries has established several post office boxes throughout the country to which its customers send their payments. Customers send payments to the post office box nearest to them, and a local bank collects and deposits the funds into Destin's bank accounts. Which cash management technique is Destin using? A preauthorized check A lockbox arrangement Concentration banking On the flip side, controlling cash outflows and monitoring disbursements are as important as collecting cash. Three methods commonly used to control cash disbursements are concentrating payables processing in one location, using zero-balance accounts, and using controlled disbursement accounts. Which of these disbursement methods uses a check-like financial instrument? Using drafts Using geographically distant checking accounts Stretching accounts payable