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loris [4]
3 years ago
13

A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 share

s authorized, 17,000 issued, and 16,500 shares outstanding. The total amount of the cash dividend is:
Business
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

$18,150

Explanation:

Calculation for the total amount of the cash dividend

Since A company's board of directors  has votes to declare the  cash dividend of $1.10 per share of common stock, this means we have to multiply the cash dividend per  share of common stock by the shares outstanding which is $16,500

Using this formula

Cash dividend per share of common stock * Shares outstanding

Let Plug in the formula

$1.10*16,500

=$18,150

Therefore the total amount of the cash dividend  will be $18,150

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A bond issued by the U.S. Treasury with a maturity of 90 days is sold on the
defon

Answer:

o money

Explanation:

as the exchange rates can dramatically change in very little time

6 0
2 years ago
Read 2 more answers
At the beginning of the year, Camille purchased 300 shares of stock at $25.50 per share, then sold them at the end of the year f
Karo-lina-s [1.5K]

<u>Answer:</u>$600

<u>Explanation:</u>

Dividend = Dividend per share x Number of shares

= 2 x 300

=600

Dividend received by Camille is $600

Dividend is the excess profit which a company distributes it to the shareholders after meeting all the company expenses. Dividends can be paid quarterly, monthly or annually. Dividend is paid for each share held by the shareholder. The dividend declared by the company is also per share basis. The dividend earned by a person is based on the number of shares held by shareholder.

3 0
3 years ago
The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa
Alborosie

Answer:

$30,000

Explanation:

A supplemental disclosure of cash flow information requires that all the cash paid  in interest during the period must be disclosed.

In Ash's case:

beginning balance interest payable account    $15,000

+ interest expense during the year                    $20,000

<u>- ending balance interest payable account       ($5,000)  </u>

supplemental disclosure =                                  $30,000      

6 0
3 years ago
A firm uses a standard costing system and allocates variable overhead costs based on direct labor hours. The annual budget proje
DENIUS [597]

Answer:

Your answer is given below:

Explanation:

Statement showing Computations  

         Paticulars                                                                             Amount

Variable overhead cost per unit =100,000/1,000                   100.00

Standard Variable overhead for 750 Units = 750 * 100             75,000.00

Actual Variable overhead             75,000.00

Variable overhead spending variance= Standard VO - Actual VO  

Variable overhead spending variance= 75,000 - 75,000  

Variable overhead spending variance= 0

8 0
2 years ago
A federal bank examiner came to a bank in Jacksonville. He audited the books and he checked out the staff and the office facilit
babymother [125]

Answer:

Eminent domain for the public good.

Explanation:

He charged the branch manager because he didn't see eminent domain for public use.

In eminent domain the government, the government the government has the power to take private property for public use.

The bank is a public place and as such are required to have a public domain that is members of the public or for civic use. Such a party is likely going to be for public use or it could be delegated to third parties.

3 0
2 years ago
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