Determine whether each policy below is good or bad cash management, then identify the cash management strategy vioiated or followed for each policy. 1. Excess cash is put in checking accounts, earning no interest income: 2. Rarely used equipment is rented rather than purchased. 3. Cash receipts and cash payments are regularly planned and reviewed. 4. Bills are paid as soon as they are received. 5. Customers are offered discounts to pay early