Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 Complete Marked out of 4 Flag question DEF Ltd have ordinary share capital of 1,000,000 made up of 2,000,000 shares of 50p

image text in transcribed

Question 8 Complete Marked out of 4 Flag question DEF Ltd have ordinary share capital of 1,000,000 made up of 2,000,000 shares of 50p each. The market price of each share is 1.75 and an interim dividend of 15p per share has been paid during the year. The directors have proposed that the total dividend yield for the year should be 23p per share. What is the total value of the interim dividend that has been paid during the year? 300000 What will be the total value of the final dividend to be paid (once it has been approved by the shareholders)? 460000 (Enter each value with no E sign, comma or decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Traditions and Innovations

Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael

4th edition

324026455, 978-0324026450

More Books

Students also viewed these Accounting questions

Question

What is the scope of the coverage?

Answered: 1 week ago