A dividend of $3060 is to be distributed among three shareholders in the ratio of shares held.

Question:

A dividend of $3060 is to be distributed among three shareholders in the ratio of shares held. If the three shareholders have nine shares, two shares, and one share respectively, how much does each receive?

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

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Sep 21, 2024 05:19 AM

See More Questions

There is a mathematical puzzle called "Four Fours." In it, you use four 4s to make other whole numbers. Examples: You can make 61 (4+4)+4+4-6 Four Fourths You can also make 9! You Try! What other...
Wilson Company had the following cash balance items listed in its trial balance at 12/31/2016: Peterson Savings and Loan: $50,000 Right Bank: (5,000) Clinton County Trust Bank: 10,000 If Wilson...
A factory costs $400,000. You reckon that it will produce an inflow after operating costs of $100,000 in year 1, $200,000 in year 2, and $300,000 in year 3. The opportunity cost of capital is 12...
A dividend of $3060 is to be distributed among three shareholders in the ratio of shares held. If the three shareholders have nine shares, two shares, and one share respectively, how much does each...
1. The culture of giving and receiving payments is ingrained in China. On the other hand accepting and paying bribes is a violation of Rio Tintos code of conduct. When does a payment stop being a...
A variable used to model the effect of categorical independent variables in a regression model is known as a a) response b) dependent variable c) dummy variable d) predictor variable
A vehicle dealership has overhead cost of $480 000. The overhead cost is allocated to new vehicle sales, used vehicle sales, vehicle servicing, and administration. The departments bear overhead cost...
Set up a ratio for each of the following and reduce to lowest terms. (a) 12 dimes to 5 quarters (b) 15 hours to 3 days (c) 6 seconds for 50 meters (d) $72 per dozen (e) $40 per day for 12 employees...
Imagine that you are a policymaker trying to decide whether to reduce the rate of inflation. To make an intelligent decision, what would you need to know about inflation, unemployment, and the...
Federal Credit Bank has a loan receivable from Hawthorne Construction Company. Hawthorne is late making payments to the bank, and Robert Wheeler, a Federal Credit Bank vice president, is helping...
The following inventory transactions apply to Willow Company for 2012. The beginning inventory consisted of 175 units at $\$ 34$ per unit. All transactions are cash transactions. Required a. Record...
Sphere A carries $6.0 \mathrm{nC}$ of charge. It is placed $100 \mathrm{~mm}$ from sphere B, which carries $3.0 \mathrm{nC}$ of charge. Assume the spheres are much smaller than their separation...
The reversible catalytic reaction proceeds with decaying catalyst in a batch reactor (batch-solids, batchfluid). What can you say of the kinetics of reaction and deactivation from the following data:...
Design a suitable representation and draw the complete search tree for the following problem: A farmer is on one side of a river and wishes to cross the river with a wolf, a chicken, and a bag of...
Coherent light with wavelength 400nm passes through two very narrow slits that are separated by 0.200 mm and the interference pattern is observed on a screen 4.00 m from the slits. (a) What is the...
Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost is $9,109,000. To increase its...
A small machine shop, with 30 hp of connected load, purchases electricity under the following monthly rates (assume any demand charge is included in this schedule): First 50 kw-hr per hp of connected...
Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs System II) shows total...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the...
Perez Company makes fine jewelry that it sells to department stores throughout the United States. Perez is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two...
Help Save & Exit Submit Check my work Listed below are several terms and phrases associated with the FASB's conceptual framework. Pair each item from List A with the tem from List B that is most...

A dividend of $3060 is to be distributed among three shareholders in the ratio of shares held.

Question:

Step by Step Answer:

A B C 9 2 1 Total number ofs...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions