Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares doe

Question

3 years ago

10

s Nick own? a. 383 b. 457 c. 362 d. 276 Please select the best answer from the choices provided A B C D

2 answers:

const2013 [10] · Answer 1 · 2022-02-24T17:45:38+03:00

8 0

Explanation:

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notsponge [240] · Answer 2 · 2022-02-24T15:50:25+03:00

Answer:

Option C 362 Number of shares

Explanation:

The number of shares can be calculated by using the following formula:

Number of shares = Total Dividends paid / Dividend per share

As we know that:

The total dividends = $1567.46

And the dividend per share = $4.33

By putting the values in the above equation we have:

Number of shares = $1567.46 / $4.33 = 362 Number of shares