Concerning How Companies Control Cash Received by Mail,state Which Employee

question 29

Essay

Concerning how companies control cash received by mail,state which employee should perform the following duties:
$$\begin{array} {| l | l | } \hline \text { Duty } & \begin{array} { l } \text { Employee who should } \\\text { perform the duty }\end{array} \\\hline \text { Open the mail and send } & \\\text { customer checks to the } & \\\text { treasurer } & \\\hline \text { Compare the bank deposits to } \\\text { the journal entry for cash } \\\text { receipts }\\\hline\end{array}$$

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Definitions:

Invested

The act of allocating resources, typically money, into something with the expectation of generating income or profit.

Net Present Value Method

A method used in capital budgeting to evaluate the profitability of an investment or project by calculating the present value of its expected cash flows minus the initial investment.

Cost Savings

The reduction in expenses achieved by improving efficiency, productivity, or reducing waste, often without compromising quality or performance.

Acquisition Cost

The total cost that a company recognizes on its financial statements for acquiring an asset or taking over another business.