Question 8 4 pts Which of the following statements is true? ABC system of inventory control looks at the percentages of sales collected during various months. Businesses follow a number of specific steps in the JIT process, depending on how long overdue the account is, the size of the debt, and other factors. The collection process can be viewed as a capital budgeting process wherein the firm wants t use the collection procedures that generate the highest safety stock A simple and useful inventory management model is the economic order quantity (EOQ) model. > Question 9 6 pts Everest Corp.sells paper cutting machines at the rate of 1200 units per year. The cost of placing one order is $225, and it costs $50 per year to carry a paper cutting machine in inventory. What is the total annual cost of the inventory if the company has an economic order quantity of 10 units