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:

A) $7,125.

B) $11,250.

C) $10,250.

D) $7,500.

E) $14,625.

Question

Alanna Nicholson

14 October, 08:34

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Kelsie Shields · Answer 1

A is the answer $7,125 if I'm reading correctly

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:A) $7,125.B) $11,250.C) $10,250.D) $7,500.E) $14,625.