30. Which one of the following values will not change when a firm declares a large stock dividend?
a. common stock account balance
b. par value per share
c. market price per share
d. retained earnings account balance
33. The Corner Market has sales of 898,000 and a cost of goods sold equal to 70% of sales. The beginning inventory is 64,000 and the ending inventory is 71,000. What's the length of the inventory period?
a. 39.2 days
b. 13.3 days
c. 27.4 days
d. 9.3 days
35. TRIa Inc has projected quarterly sales of $1800, $2,400, $2,800 and $1200 for quarters 1-4 respectively. The accounts receivable period is 30 days. How much will the firm collect in quarter 3? assume each quarter has 90 days.
30. b. par value per share
A stock dividend has no effect on the par value
33. Inventory period ...
The solution explains three multiple choice questions relating to stock dividend, inventory period and cash collection