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

8

ck. What is Sam's share of the declared dividends?
A. $100.00
B. $500.00
C. $1,000.00
D. $5,000.00

2 answers:

sweet [91] · Answer 1 · 2021-12-21T19:02:54+03:00

sweet [91]3 years ago

7 0

50000/25000=2 per share
50*2=100

Anastaziya [24] · Answer 2 · 2021-12-21T21:14:03+03:00

Answer:

The answer is option A : Sam will receive $100.

Step-by-step explanation:

XYZ Company declares dividends of $50,000.

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

So, the cost of 1 share = $\frac{50000}{25000}=2$ dollars

Given is - Samuel Smith owns 50 shares of stock.

Hence cost for 50 shares = $2\times50=100$ dollars

Hence, the answer is option A : $100.