Prescott sporting goods company has 45,000 shares of stock outstanding. what total dividend declaration would be necessary for t

Question

jok3333 [9.3K]

2 years ago

13

Prescott sporting goods company has 45,000 shares of stock outstanding. what total dividend declaration would be necessary for t

he dividend per share to be $1.00?

Mathematics

2 answers:

Daniel [21] · Answer 1 · 2022-09-04T18:34:09+03:00

Daniel [21]2 years ago

8 0

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

KatRina [158] · Answer 2 · 2022-09-04T20:08:10+03:00

KatRina [158]2 years ago

3 0

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