Answered

XYZ Company declares dividends of $50,000. Samuel Smith owns 50 shares of stock. The company has sold 25,000 total shares of stock. What is Sam's share of the declared dividends?

A$100.00
B$500.00
C$1,000.00
D$5,000.00

Verified Answer :

Aliwohaish12

50000/25000=2 per share
50*2=100

Answer:

The answer is option A : Sam will receive $100.

Step-by-step explanation:

XYZ Company declares dividends of $50,000.

The company has sold 25,000 total shares of stock.

So, the cost of 1 share = \(\frac{50000}{25000}=2\) dollars

Given is - Samuel Smith owns 50 shares of stock.

Hence cost for 50 shares = \(2\times50=100\) dollars

Hence, the answer is option A : $100.

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