Question

Prescott sporting goods company has 45,000 shares of stock outstanding. what total dividend declaration would be necessary for the dividend per share to be $1.00?

Answer 1

Thank you for posting your question here at brainly. The total dividend declaration would be necessary for the dividend per share tobe $1.00 is $45,000. Below is the solution, I hope it helps:


45,000 shares x $1.00 per share = $45,000

Answer 2

Answer:

$45,000

Step-by-step explanation:

The formula we can use here is:

$DividendPerShare=\frac{Total Dividend}{Total Share}$

Since we know Dividend per Share has to be $1 and Total Shares is 45,000, we plug those into the formula and solve for total dividend.

$DividendPerShare=\frac{Total Dividend}{Total Share}\\1=\frac{TotalDividend}{45,000}\\TotalDividend=1*45,000\\TotalDividend=45,000$

Hence, total dividend declaration would have to be $45,000