Cash Handling You are the head cashier for the concessions foodservice for Picnic Day at UCD. Your job includes the following: Arrange to have $3.575.00 in change prior to the event. This is to include: 50 rolls of nickels ($2.00/roll) $100.00 15 rolls of dimes ($5.00/roll) $75.00 40 rolls of quarters ($10.00/roll) $400.00 1,000 - $1.00 bills $1.000.00 200 - $5.00 bills $1.000.00 100 - $10.00 bills $1.000.00 Arrange to have a two-part carbonless cash receipt book. Issue nine cashier bags (banks) of $300.00 each. Pick up keys to the safe from your manager at the beginning of the day. Check in at each of the two indoor and five outdoor cash registers every 30 minutes to ensure that each of the 7 cashiers has adequate change Pull cash from each register when it exceeds $500.00; a minimum of $200.00 should be taken at each pull." Whenever you pull cash, provide the cashier with a receipt indicating the amount of the pull, the name of the cashier, the time, and today's date. Both you and the cashier must sign the receipt. The original receipt stays in the receipt book : the duplicate goes to the cashier . If you make a mistake, both parts of the voided receipts stay in the receipt book. At the end of the event, conduct a normal closing and place the money and the cashier balance sheets in the safe . Deposit the safe keys in the lock box for your manager to pick up in the morning Think about the following (we will discuss . so no need to answer ): Why are there nine banks when there are only seven cash registers ? 2. How many of each type of coin and currency should go in each bank? 3. Why are there no pennies? If the total needed for the banks is $2,700.00, why is the total cash on hand $3.575.00? 5. Why you must visit each register every 30 minutes? 6. What is the purpose of having the receipts signed by both you and the cashier? 7. Why are duplicate receipts kept? B. What do you think the process of "normal closing" would be