Question: Indicate by a (+).(-) or (0) whether each of the following events would most likely cause accounts receivable (AR), sales, and profits to increase, decrease,

Indicate by a (+).(-) or (0) whether each of the following events would most likely cause accounts receivable (AR), sales, and profits to increase, decrease, or be affected in an indeterminate manner. AR Sales Profits The firm tightens its credit standards The terms of trade are changed from 2/10; to 3/10, net 40 The terms of trade are changed from 2/10, net 30; to 3/10, net 40 The credit manager gets tough with past-due accounts The firm relaxes in credit standards

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