1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
2 years ago
15

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares

authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:
Business
1 answer:
Norma-Jean [14]2 years ago
3 0

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

You might be interested in
Company X has beta = 1.6, while Company Y's beta = 0.7. The risk-free rate is 7%, and the required rate of return on an average
Kaylis [27]

Answer:

a. 5.40%

Explanation:

First, I will calculate the new cost of equity for both stock X and Y:

Required rate of return = risk free rate + (beta x market premium)

Re stock X = 8% + (1.6 x 6%) = 8% + 9.6% = 17.6%

Re stock Y = 8%  + (0.7 x 6%) = 8% + 4.2% = 12.2%

The difference between the required rate of return = 17.6% - 12.2% = 5.4%

4 0
3 years ago
What is another term for liability?<br> A. asset<br> B. notes<br> C. debt<br> D. accounts
Fiesta28 [93]

Answer:

Another term for liability is debt, because both of these terms are accountable for money charges and assist needed :3

Explanation:

:3

6 0
3 years ago
Why did you leave savannah
Alchen [17]

Answer:

Explanation:

Who’s she ?

7 0
3 years ago
Read 2 more answers
Is it possible for a company to initiate two products that target the same market that are not mutually exclusive?
Nutka1998 [239]
It is possible but there should be some type of criteria that needs to be met. For example, the market should have room for both products and the other important thing to have in mind is that the company must have sufficient resources in order to produce both products simultaneously. 
4 0
3 years ago
I am having trouble with this question. Can you help me out?
Semmy [17]

Answer:

ok I can help but will is the question.◉‿◉

6 0
3 years ago
Other questions:
  • Why did Samuel Gompers seek to forge closer ties with forward-looking corporate leaders? a. He wanted to work his way into circl
    11·1 answer
  • What are the two dominant manufacturers of processors for personal computers?
    11·1 answer
  • Because the budget process in texas operates on a two-year cycle, texas legislators have adequate time to gather information, ca
    12·2 answers
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    12·1 answer
  • If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?
    13·1 answer
  • Which of the following is FALSE regarding the difference between debt and common stock? A. Equity is ownership in a firm but deb
    5·1 answer
  • What happens when you hide a column in Microsoft Excel?
    14·1 answer
  • You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is 4.9 p
    13·1 answer
  • You are borrowing money to buy a car. If you can make payments of $320 per month starting one month from now at an interest rate
    10·1 answer
  • Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sol
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!