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. Also provide an explanation for each event and the affects. (5pts)

2. 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. Also provide an explanation for each event and the affects. (Spts) 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. - Explanations: a. b. c. d