Other than collision loss is also known as

Multinational organizations can shop from country to country and cut costs through:

A) lower wage scales. B) lower indirect costs. C) less stringent regulations. D) lower taxes and tariffs. E) all of the above.

(CMA adapted, Dec 93 #17) Norton Inc has a 2 to 1 current ratio. This ratio would increase to more than 2 to 1 if

a. a previously declared stock dividend were distributed. b. the company wrote off an uncollectible receivable. c. the company sold merchandise on open account that earned a normal gross margin. d. the company purchased inventory on open account. e. none of the above.