Safeguarding Cash Receipts Herb Gardens, Inc., is a successful regional producer of herbs and spices.

During the year just ended, the company estimates that it sold 9,000 pounds of herbs and spices at an average price of

$26 a pound. Most of the herbs and spices are hung on drying racks in a large old barn to dry and for storage. When a customer comes in to purchase goods, the owners or one of the six employees goes out to the barn and brings in an appropriate amount of goods, gives it to the customer, and collects the cash for the sale. Written receipts are given to those who need them for tax purposes. During the summer, the owners try to have enough cash on hand to pay for supplies at the time they are delivered so that additional time does not need to be wasted making payments later or balancing the checkbook. In what ways might Herb Gardens, Inc., strengthen its internal control over cash and improve its overall cash management?