Wildhorse Company has $62,000 in cash in a checking account at Jackson Bank.

(a) Discuss the importance of maintaining cash in a checking account for a company, considering liquidity and day-to-day financial operations.
(b) Explore potential reasons why a company might choose to keep a specific amount of cash in its checking account, and how this decision might be influenced by various financial factors.
(c) Consider the implications of having cash in a checking account at a specific bank, including any potential advantages or risks associated with the choice of a particular financial institution.