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Which of the following statements is true? Select all that apply: ,A-The optimal credit policy minimizes the total cost of granting credit.,B-Firms should avoid offering credit at all cost.,C-An increase in a firm’s average collection period generally indicates that an increased number of customers are taking advantage of the cash discount.,D-The costs of the credit application process and the costs expended in the collection process are carrying costs of granting credit.,E-Capacity refers to the ability of a firm to meet its credit obligations out its operating cash flows.,F-The optimal credit policy is the policy that produces the largest amount of sales for a firm.

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