Answer:
Total Amount of Cash Dividend = $39,525
Explanation:
We have the following details,
Issued shares are the number of shares issued by the company, it includes treasury stock that is shares purchased back by the company.
Outstanding shares = Issued shares - Treasury stock
Treasury stock does not have any right of dividend, as the shares are held by company itself, it will not pay dividend to itself.
Thus dividend to be paid = 25,500
$1.55 per share = $39,525
Authorized shares just represent the number of maximum shares a company can issue.
Total Amount of Cash Dividend = $39,525
- he invention of railroads will reduce the amount of time and capital compared to having to buy supplies to feed horses and drivers in delivering goods.
- The trains also allow companies to deliver products on larger amount compared to using carriage
- Delivering with trains will decrease the likelihood of agricultural products in becoming rotten and unsellable.
Answer:
$ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Explanation: