Which of the following statements is false? a. firms seek to manage their cash by keeping no more than is needed on hand, because holdingcash has an opportunity cost, namely, the returns that could be earned by investing the money. b. the optimal credit policy for a firm depends on many specific factors, but generally involvestrading off the cost of granting credit, such as the carrying costs of receivables and the possibility of non-payment, against the benefits in terms of increased sales. c. in the five cs of credit, capacity refers to the customer's willingness to meet credit obligations out of operating cash flows. d. in the five cs of credit, collateral are the assets pledged by the customer for security in case of default.

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.