The payment period to collect receivables should OA) not be connected to the payment periods of competitors. B) be less than the payment periods of competitors. C) be more than the payment periods of competitors. D) be the same as bank interest rate. E) match the payment periods of competitors. What is the total of Lower-of-Cost-or-Market for the below given data? Product A Product B Product C Product D Cost $5,000 7.000 11,500 12,000 Market $5,500 6,000 10,000 14,000 A) $32,500 B) $33,500 $32,000 D) $31,000 E) $33.000 Receivables are OA) part of long lived assets. B) amount to be paid to suppliers. C) followed under the section of Equity. D) liabilities to be paid to the banks, E) claims that are expected to be collected in cash. puan) According to Average Inventory Flow Method, which one of the following is sold first? OA) last purchased inventory B) first and last purchased are sold together, doesn't matter C) first purchased inventory D) cheaper inventory E) depends on clients