Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or followed for each policy. 1. Bills are paid on the last day allowed. 2. The company regularly follows up with customers who pay late. 3. Excess cash is used to acquire productive assets or short-term investments. 4. All buildings are purchased, even those the company only plans to occupy for a few months. 5. Cash receipts and cash payments are regularly planned and reviewed. Good or Bad Cash Management Strategy 12345