Indicate by a (+), (), or (0) whether each of the following events would probably cause accounts
Question:
Indicate by a (+), (−), or (0) whether each of the following events would probably cause accounts receivable (A/R), sales, and profits to increase, decrease, or be affected in an indeterminate manner:
Accounts ReceivableAccounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Transcribed Image Text:
A/R Sales Profits The firm tightens its credit standards The terms of trade arc changed rom 2/10, net 30, to 3/10, net 30 The ters are changed írom 2/10, net 30, to 3/10, net 40 The credit manager gets tough with past-due accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Explanations a When a firm tightens its credit standards it sells on credit more selectively It will ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Indicate whether each of the following events would be included in a calculation of net income on the cash basis, the accrual basis, or both. Provide a brief explanation for your treatment. Remember...
-
Indicate which of the following events would result in recognizing revenue for the year in which the described event takes place; indicate the amount and the account. Give the journal entry that...
-
Indicate whether each of the following events would cause an inflow or an outflow of cash and whether it would impact the investing (I) or financing (F) activities on the statement of cash flows. (a)...
-
The following are selected 2023 transactions of Ayayai Corporation. Sept. 1 Oct. 1 1 Purchased inventory from Indigo Ltd. on account for $47,200. Ayayai uses a periodic inventory system. Issued a...
-
Exposure to microbial products, especially endotoxin, may have an impact on vulnerability to allergic diseases. The article "Dust Sampling Methods for Endotoxin-An Essential, But Underestimated...
-
Identify the center and radius of the circle (x+4)+(-2)=16,
-
How does an auditor evaluate the effectiveness and reliability of a client's control procedures over revenue /receipt cycle activities?
-
1. What options does Personal Trainer have for developing a new system? What are some specific issues and options that Susan should consider in making a decision? 2. Susan has been asked to prepare a...
-
Kimberly Hoadley and Debra Quayle borrowed $22,000 on a 7-month, 9% bank loan from BMO Bank of Montreal to open their business, KD's Coffee House Inc. The money was borrowed on June 1, 2025, and the...
-
Find I and V in the circuit of Fig. 2.82. 4 A 202 -2 A 10 2 20 2 3A
-
Firm A had no credit losses last year, but 1% of Firm Bs accounts receivable proved to be uncollectible and resulted in losses. Should Firm B fire its credit manager and hire As?
-
Cost of Bank Loan On March 1, Minnerly Motors obtains business loan from a local bank. The loan is a $25,000 interest-only loan with a nominal rate of 11%. Interest is calculated on a simple interest...
-
A car traveling 85 km/h strikes a tree/ The front end of the car compresses and the driver comes to rest after traveling 0.80m. What was the average acceleration of the driver during the collision?...
-
1. You have been provided the information on the after-tax cost of debt and cost of capital that a company will have at a 10% debt ratio, and asked to estimate the after-tax cost of debt and cost of...
-
Extensively examine the diverse stakeholders and their roles and responsibilities for the abovementioned project. QUESTION: TWO (25 MARKS) Explicate stakeholder management and argue why project...
-
Using "Amazon in Emerging Markets" By: Amy Nguyen-Chyung, Elliot Faulk, Investigate Amazon's international logistics: Does the company use the same logistic strategy in emerging markets as the one...
-
PROMPT: There are about 1.4B people in China and its speed of market growth (GDP growth rate) is fast, making China one of the largest emerging markets in the world. For instance, Apple Inc. has sold...
-
The idea is to adapt its products and restaurants in Europe to local habits and customs. Hence, McDonald's has established development teams to create local dishes and to work on a more European...
-
Darius Lowe gives you the following information as at 31 March 2024: His mark-up is 40% on cost of goods sold. His average inventory during the year was 14,000. Draw up an income statement for the...
-
What are the two components of a company's income tax provision? What does each component represent about a company's income tax provision?
-
Prepare a stand-alone estimate for a bid alternate such as adding a freight elevator for our case study, from the lowest garage floor up to and including the roof.
-
You have just graduated from the MBA program of a large university, and one of your favorite courses was Todays Entrepreneurs. In fact, you enjoyed it so much you have decided you want to be your own...
-
(1) What is the payback period? Find the paybacks for Franchises L and S. (2) What is the rationale for the payback method? According to the payback criterion, which franchise or franchises should be...
-
In an unrelated analysis, you have the opportunity to choose between the following two mutually exclusive projects: The projects provide a necessary service, so whichever one is selected is expected...
-
Outline two benefits of good group dynamics on a team's performance. Provide examples of three causes of poor group dynamics. Explain why a team would need a team performance plan.
-
Find the NPV of the project below if your company WACC = 10% and the project has comparable risk to your firm's average risk. The project requires an immediate investment of $50,000 and generates a...
-
Performance appraisals are used throughout business to provide feedback and growth opportunities to employees; this in turn leads to increased productivity. Leaders create performance appraisals for...
Study smarter with the SolutionInn App