Question: 17-10 Indicate using a (+), (-), or (0) whether each of the following events would probably cause accounts receivable (A/R), sales, and profits to increase,

17-10 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 indeterminate manner.

The firm restricts its credit standards. The terms of trade are changed

The firm restricts 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. A/R Sales Profits

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