Question

A company's board of directors votes to declare a cash dividend of $1.50 per share of common stock. the company has 30,000 shares authorized, 25,000 issued, and 24,500 shares outstanding. the total amount of the cash dividend is:

Answer 1

The total amount of dividend will be:
Total=(Number of issued shares)*(dividend per share)
Number of issued shares=25000
dividend per share=$1.5
thus the total dividend will be:
1.5*25000
=$37500