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
At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and i
Oliga [24]

Answer:

Total cost= $650,857

Explanation:

Giving the following information:

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.

<u>We need to calculate the total cost of 7,100 units. Because it is between the relevant range, fixed costs will remain the same. We need to determine the unitary variable cost.</u>

Unitary variable cost= total variable cost/ unit

Unitary variable cost= 408,756/6,900= $59.24

Total cost= 59.24*7,100 + 230,253= $650,857

6 0
3 years ago
Why are businesses in monopolistic competition interdependent
lawyer [7]

Answer:

because they just are buddy

3 0
2 years ago
_____ is not a primary concern when writing menu copy.
NISA [10]

Cleverness is not a primary concern when writing menu copy.

6 0
3 years ago
All of the following are true regarding the guaranteed insurability rider except
docker41 [41]

Answer:

Option (C)

Explanation:

Guaranteed insurability rider is a person who is responsible to sell extra life insurances to the owners who already have life insurance. They visit the clients and attract them to buy a new one. Similarity, the rider usually charge premiums, but if an owner of life insurance is ill or seriously injured only then no additional premium is charged.

7 0
3 years ago
GNI PPP, or gross national income divided by purchasing power parity, helps measure:
Mekhanik [1.2K]

Answer: 1- the standard of living in a country.

Explanation: The standard of living is a measure of the material aspects of an economy. It counts the amount of goods and services produced and available for purchase by a person, family, group, or nation.

The generally accepted measure of the standard of living is GDP per Capital. This is a nation's gross domestic product divided by its population. The GDP is the total output of goods and services produced in a year by everyone within the country's borders. it can also be measured using the gross national income divided by purchasing power parity.

8 0
3 years ago
Other questions:
  • A registered representative (RR) is recommending to his client a newly issued debt security backed by the U.S. government with a
    13·1 answer
  • Which is a simple way of describing cost-benefit analysis?
    13·1 answer
  • The authentication classification method of Personal Characteristic is most closely described as a:
    12·1 answer
  • Jonathan is the CEO of a cell phone manufacturing company. At the company's Annual General Meeting, he made an announcement to t
    9·1 answer
  • Allen filed his 2019 tax return on May 15th, 2020, and underreported his gross income by 30 percent. Assuming Allen's underrepor
    11·1 answer
  • The mortgage on your house is five years old. It required monthly payments of $1,450​, had an original term of 30​ years, and ha
    5·1 answer
  • Dirt is not dirt when it comes to baseball fields.About two-thirds of the pro baseball fields got their dirt from a dirt farm in
    7·1 answer
  • Why should you include management and staffing issues in your business plan?
    6·2 answers
  • Keith was put on probation for a string of customer complaints about his poor service and professionalism. his supervisor was us
    8·1 answer
  • Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!