Question 32 1 1 Short-term financial management's primary objective is to: Minimize the investment in net working capital. Locate the source of financing that provides the lowest cost of capital. Fund all company operations using long-term debt. Minimize the use of external financing. Find the optimal trade-off point between carrying costs and shortage costs. Question 34 1 pts The cost effects in changing credit policy is demonstrated by which of the following? When the firm grants credit, it must arrange to finance the resulting receivables. When the firm grants credit, there is a delay in revenue collections as some customers take advantage of the credit offered and pay later. When the firm offers a cash discount as part of its credit terms, some customers choose to pay early to take advantage of the discount Although the firm may experience delayed revenues if it grants credit, it still incurs the costs of sales immediately. If the firm grants credit, some percentage of the credit buyers do not pay