Gatsby pays its accounts payable within 30 days, and all of its customers pay in full for their orders when received. All of the following statements are true given this cash flow pattern EXCEPT:

1)Gatsby will not find it difficult to complete a cash budget.

2) Estimating the monthly pattern of collections on accounts received is critical.

3) Gatsby has sufficient cash on hand to make payroll payments to employees.

4)Gatsby's purchasing agent will not likely be persuaded by special financing arrangements offered by raw material suppliers.

5)Gatsby's customers would like to be rewarded for timely payment of sales invoices.