PLEASE HELP!

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Officeworks, Inc. has an average accounts payable balance of $450,000. Its annual cost of goods sold is $9.5 million, and it receives terms of 3/15, net 40 from its suppliers. Officeworks chooses to forgo this discount. Indicate whether the following statement is true or false: Given the above information, we can argue that Officeworks is managing its accounts payable well. True FalseWhich of the following statements is CORRECT? () If a firm holds too much inventory, stock-outs, the situation when a firm runs out of product, may occur, leading to lost sales. () The lower the discount percentage offered in a trade credit, the greater the cost of forgoing the discount in the trade credit. O Some firms ignore the payment due period in a trade credit and pay later, in a practice referred to as pushing the accounts payable. ()Under the Modigliani-Miller assumptions of perfect capital markets, the amounts of payables and receivables are irrelevant. (ONone of the above is correct