Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company's board of directors votes to declare a

A company's board of directors votes to declare a cash dividend of $1.60 per share....

80.2K

Verified Solution

Question

Accounting

A company's board of directors votes to declare a cash dividend of $1.60 per share. The company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. The total amount of the cash dividend is:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider a convertible bond as follows: par value = $1,000; coupon rate = 9.0% market price...

Biology
1.2K views

How have some of the world's largest corporations and key environmental groups (again, U.S. or international) joined...

Advance Math
1.2K views

If (x,y,z) is a primitive Pythagorean triple, prove that z= 4k+1

Physics
1.2K views

3 1 2 3 Q R A uniform rod of mass M and length L...

Geometry
1.2K views

6 A B If you were to place one more point on the coordinate plane...

Geometry
1.2K views

Write the equation for the graphed function y X 6 4 2 y 1 6...

Geometry
1.2K views

3 The mass of the object above is 400 grams Determine the density of the...

Calculus
1.2K views

Substituting the value of k found above we have y t 110e 1 30 tin...

Accounting
1.2K views

Return on Investment, Margin, Turnover Data follow for Andrus Inc: Required: 1. Compute the margin...

Accounting
1.2K views

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service:...

Accounting
1.2K views

Compute the cost to be assigned to ending inventory for each of the methods indicated...

Accounting
1.2K views

Classify each of the following costs as Product (direct/indirect) or Period and Variable, Fixed or...