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Indicate using a (+), (-), or (0) whether each of

Indicate using a (+), (-), or (0) whether each of the following events would probably cause accounts receivable (A/R), sales,

Question:

Indicate using 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 indeterminatemanner:

Accounts Receivable
Accounts 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...

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Sales Profits A/R The firm tightens its credit standards. The terms of trade are changed from 2/10, net 30, to 3/10, net 30. The terms are changed from 2/10, net 30, to 3/10, net 40. The credit manager gets tough with past due accounts.

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A R Sales Profit a The firm tightens its credit standards 0 b The terms of trade are changed from 2 …View the full answer

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