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stiv31 [10]
3 years ago
7

A company's board of directors votes to declare a cash dividend of $1.55 per share of common stock. The company has 31,000 share

s authorized, 26,000 issued, and 25,500 shares outstanding. The total amount of the cash dividend is:
$40,300.
$47,050.
$48,050.
$79,825.
$39,525.
Business
1 answer:
Viktor [21]3 years ago
8 0

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 \times $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

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The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical
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Answer:

MPLF/MPLC; becomes steeper

Explanation:

The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.

Where

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- MPLF is Marginal Product of Labor for Food.

5 0
3 years ago
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The quantity demanded x (in units of a hundred) of the Mikado miniature cameras per week is related to the unit price p (in doll
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $69,000. At December 31, 2017, the fa
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Answer:

Godfrey Corporation

GOLDFREY CORPORATION

Balance Sheet (Partial)

December 31, 2017

Noncurrent assets:

Investments:

Investment In Stock, at fair value  $64,100

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Common stock

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Answer:

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In other words, when a business has immediate financial obligations, cash refers to those resources that can be used to satisfy them.

An understanding of cash flows is crucial to business success because it:

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