4 10 points Skipped Check my work Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or followed for each policy. 1. Cash payments and receipts are not planned. Instead, the company assumes it will have enough sales to not have to worry about cash shortages. 2. Bills are paid on the last day allowed. 3. The company regularly follows up with customers who pay late. 4. Excess cash is used to acquire productive assets or short-term investments. 5. All buildings are purchased, even those the company only plans to occupy for a few months. eBook Good or Bad Print 1. References Cash Management Strategy Mc Graw 12345 Plan expenditures Delay payment of liabilities Encourage collection of receivables Invest excess cash Keep only necessary assets Prev 4 of 9 Next