Answer:
The total amount of the cash dividend is $7,125
Explanation:
The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.
Treasury shares are those shares that are bought back by the company that issued the shares.
Use the following formula to calculate the cash dividend
Cash Dividend = Numbers of outstanding shares x Dividend rate
Where
Numbers of outstanding shares = 9,500 shares
Dividend rate = $0.75 per share
Placing values in the formula
Cash Dividend = 9,500 x $0.75 per share
Cash Dividend = $7,125
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You would choose the last one. In two months, you make more money thank you would in those two years for the first man.
Answer:
a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
Explanation:
A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods
Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case, the bank would not reimburse the buyer.
Therefore the correct option is A.