Question 4 2 pts In class, we learned about Ernesto's Skateboard Company (ESS) and the Operating Cycle 'Paper' Trail. Which of the following is TRUE? ESS ships finished goods product to Vendors Customers will NEVER send cash to pay ESS invoices A Purchase Order (PO) is only issued during manufacturing. ESS sends to customers only. ESS receives invoices and raw materials from Vendors Question 5 2 pts The goal of accounts receivable management is to: Reduce accounts payable and vendor commitments Give credit to every customer O Obtain the highest possible return on cash O Increase sales by offering credit to customers Question 6 2 pts Factoring is the process of selling receivables to another firm at a: Prime lending rate. Premium above the original sales price. Price equal to the sales price. O Discount from the original sales price