Which of the following statements are not true? Cash sales are made when cash is received at the same time as the good or services had been delivered Credit sales are made when the payment is received after the good or services had been delivered Cash purchase are those purchases for which cash payment will be made at the same times as the goods or services received. Credit purchases are where the goods or services have not been received by the business and payment has not been made The Weighted Average Cost of Capital for a firm is the Discount rate which the firm should apply to all the projects it undertakes. Overall rate which the firm must earn on its existing assets to maintain the value of share. Rate that the firm should expect to pay on its next bond issue. Maximum rate which the firm should require on any projects it undertake Component of capital structure may include bonds and preferred shares preferred shares, common shares and account receivable common shares and commercial paper. bonds, preferred shares and common shares