Question

Patsy Banz owns 220 shares of General Mills Corporation. For the last calendar quarter, General Mills Corporation paid $0.47 a share. What is the total amount she received in her dividend check for this quarter?

Answer 1

Answer:

The aggregate amount received for the quarter amounts to $103.4

Explanation:

The computation of aggregate amount received for the quarter is as follows:

Aggregate amount received for the quarter = Number of Shares owned × Price Paid per share

where

Number of Shares owned is 220 shares

Price paid per share is $0.47 per share

Putting the values above:

= 220 × $0.47

= $103.4