Finance (tco 2) which of the following statements is true? select all that apply 5. (TCO 2) Which of the following statements is true? Select all that apply: (Points : 3) The optimal credit policy minimizes the total cost of granting credit. There is an opportunity cost associated with not offering credit. An increase in a firm's average collection period generally indicates that at least some customers are taking longer to pay. The costs of the credit application process and the costs expended in the collection process are not carrying costs of granting credit. Character refers to the ability of a firm to meet its credit obligations out its operating cash flows. The optimal credit policy is the policy that produces the largest amount of sales for a firm