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Indicate using a (1), (−), 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: A/R    Sales    Profits 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.    ______________    ______________    ______________

Indicate using a (1), (−), 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: A/R    Sales    Profits 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.    ______________    ______________    ______________

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 5Q: Indicate by a (+), (), or (0) whether each of the following events would most likely cause accounts...
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Indicate using a (1), (−), 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:

A/R    Sales    Profits
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.    ______________    ______________    ______________

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