Indicate by a (+), (-), or (0) whether each of the following events would most likely cause A/R, sales, and profits to increase, decrease, or be affected in an indeterminate manner. (5pts)

AR Sales Profit

a. The firm tightens its credit standards. ___ ___ ___

b. The firm loosens its credit standards. ___ ___ ___

c. The credit terms are changed from

2/10 net 30, to 3/10, net 45. ___ ___ ___

d. The credit manager gets tough with

past-due accounts. ___ ___ ___