XYZ Company declares dividends of $50,000. Samuel Smith owns 50 shares of stock. The company has sold 25,000 total shares of sto

Question

3 years ago

14

ck. What is Sam's share of the declared dividends?

2 answers:

elena55 [62] · Answer 1 · 2022-03-27T18:59:39+03:00

4 0

Samuel will get $100 from the comp

dimulka [17.4K] · Answer 2 · 2022-03-27T20:53:12+03:00

Answer:

Hence, Sam's share of the declared dividends is $100.

Step-by-step explanation:

XYZ Company declares dividends of $50,000.

<em>Samuel Smith owns 50 shares of stock.</em>

The company has sold 25,000 total shares of stock.

That means $50,000 is to be divided into 25000 so that we get the cost of 1 share.

cost of 25000 shares= $50,000

cost of 1 share=$ (50,000/25,000)= $ 2.

Hence cost of 50 shares=$ (2×50)=$100.

Hence, Sam's share of the declared dividends is $100.