Which of the following statements is true? Select all thatapply: (a) The optimal

Which of the following statements is true? Select all thatapply: (a) The optimal creditpolicy minimizes the total cost of granting credit. (b) Firms should avoidoffering credit at all cost. (c) An increase in afirms average collection period generally indicates that anincreased number of customers are taking advantage of the cashdiscount. (d) The costs of thecredit application process and the costs expended in the collectionprocess are carrying costs of granting credit. (e) Capacity refers tothe ability of a firm to meet its credit obligations out itsoperating cash flows. (f) The optimal creditpolicy is the policy that produces the largest amount of sales fora firm.