Tuesday, March 23, 2010

Chapter 14 Cash Control and Banking

Summary

Dr. Christopher Pinto arrived at his office to find the door locks have changed. Because he needed his tools and prescription pad in order to do his job, many sick patients were waiting outside the office. Just at the beginning of the month, his office was broken into and stole the petty cash and rent cheques. Dr. Christopher Pinto claims that he will pay the rent on Thursday when he spoke with his landlord on Wednesday. However, the locks to his office were changed overnight.


Connection

In Chapter 14 we learned that a petty cash fund is a small quantity of cash usually no more than $200. This is in the office for expenses and small expenditures. In the article, someone decides to break into an office to steal petty cash and cheques that he or she may not be able to cash in. There is also no guarantee that an office would have petty cash. Going through all this trouble to get 100-200 dollars from an office is a little too much. On the other hand, if there was cash in an office should not it be kept in a safe and obscure place to prevent theft. Having an honest and trustworthy person to handle petty cash is safe but keeping the cash in a good hiding place is also important.

Reflection

After promising to pay for the rent the very next day the landlord should’ve have waited before changing the locks to the office. The property owner seemed cold hearted to change the locks knowing that Pinto is a doctor and there are many sick patients waiting for him. It is unfair to the doctor because he said he would pay the rent the next day. There is not any trust between the property owner and the renter, who may does not make a healthy relation between the two. In the future if I were to find a place to rent, I would not want to meet someone who is cruel and changes the locks to my home because I missed the payment by a day or two.