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ra1l [238]
3 years ago
14

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

ck. What is Sam's share of the declared dividends?
Mathematics
2 answers:
elena55 [62]3 years ago
4 0
Samuel will get $100 from the comp
dimulka [17.4K]3 years ago
4 0

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.

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