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Determine whether each policy below is good or bad cash management; then identify the cash...

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Accounting

Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or followed for each policy.
Bills are paid on the last day allowed.
Excess cash is used to acquire productive assets or short-term investments.
Customers are regularly allowed to pay after due dates.
Rarely used equipment is rented rather than purchased.
Cash payments and receipts are not planned. Instead, the company assumes it will have enough sales to not have to worry about cash shortages.

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