1. At the Longbridge Early Childhood Institution, the princip had to make a school bank lodgement at the bank on a specific time and day. Due to the pandemic, the wait time at the bank was very lengthy. She was very timid and kep looking around because of the amount of cash she was carrying. A) State THREE (3) disadvantages of carrying out such action

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Help

me 

1. At the Longbridge Early Childhood Institution, the principal
had to make a school bank lodgement at the bank on a
specific time and day. Due to the pandemic, the wait time
at the bank was very lengthy. She was very timid and kept
looking around because of the amount of cash she was
carrying.
A) State THREE (3) disadvantages of carrying out such action.
B) Create FIVE (5) financial policies to govern the safe
handling of monies for lodgement.
Transcribed Image Text:1. At the Longbridge Early Childhood Institution, the principal had to make a school bank lodgement at the bank on a specific time and day. Due to the pandemic, the wait time at the bank was very lengthy. She was very timid and kept looking around because of the amount of cash she was carrying. A) State THREE (3) disadvantages of carrying out such action. B) Create FIVE (5) financial policies to govern the safe handling of monies for lodgement.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education