With Regard to Customer Checks Received by Mail,which Statement Is

question 149

Multiple Choice

With regard to customer checks received by mail,which statement is TRUE?

• A)The debit to Cash by the accounting department should equal the amount deposited in the bank by the mailroom employee.
• B)The customers' Accounts Receivable accounts should be adjusted by the cashier in the treasury department for the payments received.
• C)The controller compares the customers' checks to the remittance advices sent from the mailroom.
• D)The accounting department debits Cash and credits Accounts Receivable.The cashier in the treasurer's department deposits the checks in the bank.

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Definitions:

Marginal Costs

The change in total cost that arises from producing one additional unit of a product or service.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.

Fixed Costs

Expenses that do not change with the level of goods or services produced within a certain range.

Technology B

This term is too generic to define without more context, as it could refer to any second or alternative technology in a specific domain or comparison.