If the statement is true, simply write "accurate", if the statement is false, write the two words that made the statement false. 1. Spontaneous liabilities have normally no implicit cost attached to these current liabilities, although they do have certain explicit cost. 2. The firm should take advantage of the "interest free "sources of unsecured short-term financing. 3. Accounts payables are the major source of secured short-term financing whenever possible. 4. The average payment period is the final component of the cash conversion cycle. 5. The time to purchase of raw materials until the firm mails the payment is the first part of average payment period. 6. Payment float time which is the time it takes after the firm mails its payment until the supplier has withdrawn spendable from the firm's account is the first part of the average payment period. 7. When the seller of goods charges no interest and offers no discount to the buyer for early payment, the buyer's goal is to pay as immediate as possible. 8. Accounts should be paid on the last day possible, given the supplier's stated credit terms. 9. If taking advantage of the grace period does no harm to the buyer's relationship with the seller, the buyer will typically pay ahead of the grace period. "pay ahead" must be take advantage 10. The credit terms that a firm is offered to its suppliers enable it to advance payments for its purchases. If the statement is true, simply write "accurate", if the statement is false, write the two words that made the statement false. 1. Spontaneous liabilities have normally no implicit cost attached to these current liabilities, although they do have certain explicit cost. 2. The firm should take advantage of the "interest free "sources of unsecured short-term financing. 3. Accounts payables are the major source of secured short-term financing whenever possible. 4. The average payment period is the final component of the cash conversion cycle. 5. The time to purchase of raw materials until the firm mails the payment is the first part of average payment period. 6. Payment float time which is the time it takes after the firm mails its payment until the supplier has withdrawn spendable from the firm's account is the first part of the average payment period. 7. When the seller of goods charges no interest and offers no discount to the buyer for early payment, the buyer's goal is to pay as immediate as possible. 8. Accounts should be paid on the last day possible, given the supplier's stated credit terms. 9. If taking advantage of the grace period does no harm to the buyer's relationship with the seller, the buyer will typically pay ahead of the grace period. "pay ahead" must be take advantage 10. The credit terms that a firm is offered to its suppliers enable it to advance payments for its purchases