Define an Acid According to the Lewis Theory

question 64

Essay

Define an acid according to the Lewis theory. Write a balanced equation in support of this definition, in which the acid is neither an Arrhenius acid nor a Brønsted-Lowry acid.

Understand the calculation of average accounts receivable balance in relation to sales and credit terms.

Assess the financial impact of granting credit to new customers and the NPV of such decisions.

Understand how the operating cycle and inventory period affect a firm's accounts receivable and inventory management.

Apply the one-shot and accounts receivable approach to evaluate the net present value of switching credit policies.