Effective cash management principles do not include:

-encouraging the quick collection of receivables

-Planning expenditures based on availability of cash

-encouraging quick payment of liabilities

-keeping on necessary levels of assets

Cash equivalents meet all of the following criteria except :

- have a market value that is not sensitive to interest rate changes

-are readily convertible to a known cash amount

-are more liquid than cash

-include short term U.s treasury bills

Internal control procedures for cash disbursements should require all of the following except :

-All significant expenditures be paid by check

- Denial of access to accounting records by a nonowner who signs checks

-A voucher system designed to control cash disbursements and acceptance of obligations

-requiring the same employee to order, inspect, and approve payment for merchandise