Trade credit may be used to finance a major part of the firm's working capital when Select one: O A. the firm extends more liberal credit terms than the supplier. OB. the firm extends less liberal credit terms than the supplier. OC. neither the firm nor the supplier extend credit. O D. the firm and the supplier both extend the same credit terms. The cost of failing to take a trade discount is. Select one: O A. Higher for terms of 2/10, net 60 than for terms of 2/10, net 30 OB Lower for terms of 2/10, net 60 than for terms of 2/10, net 30 OC. The same for terms 2/10, net 60 as for terms of 2/10, net 30 O D. Cannot be determined from the information provided A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 4/5. ne Select one: O A. Decreased payables OB. Decreased receivables OC. Increased receivables OD. Increased payables