A company has an authorised share capital of 100 000 ordinary shares of $0.05. It has issued

Question:

A company has an authorised share capital of 100 000 ordinary shares of $0.05. It has issued 70 000 shares. The directors recommend a dividend of 6%.

What will be the amount of the dividend?

A. $2100

B. $3000

C. $4200

D. $6000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

See More Books

Question Posted: Aug 28, 2023 01:51 PM

See More Questions

Alex is 17 weeks pregnant. She comes into the clinic to get a alpha-fetoprotein test. A low result could indicate all of the following except
A company has an authorised share capital of 750 000 ordinary shares of $1 of which it has issued 500 000 shares. The following is an extract from its Profit and Loss Account. The current market...
S. Green Ltd has authorised share capital of 100 000 ordinary shares of $1 each. The company decided to issue 50 000 ordinary shares at $1.50 each. These shares were fully subscribed and paid up....
5.2-1 Dielectric Media. Identify the media described by the following equations, regarding linearity, dispersiveness, spatial dispersiveness, and homogeneity. (a) = x - av x 8, (b) + a2 = (c) a, 8/a1...
Pryor Sales, Inc., is authorized to issue 190,000 shares of common stock and 10,000 shares of preferred stock. During its first year, the business completed the following stock issuance transactions:...
The management of Real Novelty Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average cost. The company requests your help in determining the...
How can you track the progress of your change management plan? AppendixLO1
Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell produces small motors...
Chapter 2 B Financial Statements Howard James the founder and manager of Old Town Playhouse The business wishes to to prepare a balance sheet for the business. He prepared the following balance sheet...
Pecnut Ltd's trial balance at 31 March 2004 was as follows. Further information 1. Stock at 31 March 2004: $105 000. 2. The freehold buildings are to be revalued to $2 000 000 at 31 March 2004. 3....
Seesaw Ltd's share capital consists of 60000 10% preference shares of $1 and 100 000 ordinary shares of $1. Profits for six years were as follows: 1998 $10 000; 1999 $5000; 2000 $7000; 2001 $4000;...
What does the delta of an option indicate?
How have you maintained your medical billing skills over the past 12 months? Include any courses or learning opportunity you used to build your current knowledge base. How did these skills help you?...
1. What issues does Bob Holland face as he takes over as CEO of Ben & Jerry's? Which are the most important? 2. Where is the market headed? What are the competitive influences and compare the...
Do you think there is a difference between diversity management and affirmative action? Provide an explanation for your response. Support your response with APA cited references. Response: Diversity...
1. In what ways do practical and statistical significance work together to help us understand program effects? Can one be important to aprogram evaluator withoutthe other? If so, how? If not, why...
How do IT metrics, measurements, productivity, and efficiency work together? Make sure you explain each word.Make sure to pick out two or three specific IT data and measures. Also, back up what you...
Asteroids have been moving through space for billions of years. What keeps them moving?
Evaluate the integral, if it exists. Jo y(y + 1) dy
What is the significance of search to the success or failure of mobile computing? How have Apple and Facebook attempted to compete with Google? Will their strategies succeed?
Which company and business model do you think is most likely to dominate the Internet and why ?
What difference would it make to a business or to an individual consumer if Apple, Google, or Facebook dominated the Internet experience? Explain your answer.
You would like to have a balance of $600,000 at the end of 15 years from monthly savings of $900. If your returns are compounded monthly, what is the APR you need to meet your goal?
Explain the importance of covariance and correlation between assets and understanding the expected value, variance, and standard deviation of a random variable and of returns on a portfolio.
On August 1 , 2 0 2 3 , Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased...

A company has an authorised share capital of 100 000 ordinary shares of $0.05. It has issued

Question:

Step by Step Answer:

To calculate the amount of the dividend we need to determine the tota...View the full answer

Accounting A Level And AS Level

Students also viewed these Business questions