Prescott sporting goods company has 45,000 shares of stock outstanding. what total dividend declaration would be necessary for the dividend per share to be $1.00?
Thank you for posting your question here at brainly. The total dividend declaration would be necessary for the dividend per share tobe $1.00 is $45,000. Below is the solution, I hope it helps:
45,000 shares x $1.00 per share = $45,000
Answer:
$45,000
Step-by-step explanation:
The formula we can use here is:
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Since we know Dividend per Share has to be $1 and Total Shares is 45,000, we plug those into the formula and solve for total dividend.
\(DividendPerShare=\frac{Total Dividend}{Total Share}\\1=\frac{TotalDividend}{45,000}\\TotalDividend=1*45,000\\TotalDividend=45,000\)
Hence, total dividend declaration would have to be $45,000