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loris [4]
4 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]4 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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Answer:

7324

Explanation:

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We don't round up because it isn't 1 complete free throw. 0.62 is not 1 complete free throw so round down

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A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated usef
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Answer:

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