Please show your work for all questions and highlight your final answer, failure to show work will automatically cause question to be counted wrong. Excel documents are not accepted. per assignment direction.

7. Centralized disbursing results in the following EXCEPT __________?

A. Lower banking costs

B. Improve cash flow forecast

C. Reduced fraud

D. More autonomy for local purchasing

8. What type of disbursement tool involves a bank sending a file of presented checks to the client firm so that the client firm can decide on the checks that should be honored?

A. Range only reconciliation

B. Full reconciliation

C. Positive pay

D. Reverse positive pay