Ask Question
BusinessBusiness
30 April, 08:39

Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares does Nick own? a. 383 b. 457 c. 362 d. 276

The answer is C

+2
Answers (1)
  1. 30 April, 12:33
    0
    Answer

    The correct answer is C. 362

    Explanation

    The formular for calculating the number of shares will follow the below step

    Number of Xyz share for Nick=Total dividend paid per year/the dividend on a single share

    Total divident paid=$1567.46

    Divived on a single share=$4.33

    Total number of shares=$1567.46/$4.33=362 shares
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares does Nick own? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Oscar has negotiated a lease for his sporting goods store in which he is required to pay $3,000 per month in rent. oscar pays his staff $12 per hour to sell sporting goods, depending on his total hours of operation.
Answers (1)
In a single writing, a painter contracted with a farmer to paint three identical barns on her rural estate for $2,000 each. the contract provided for the farmer's payment of $6,000 upon the painter's completion of the work on all three barns.
Answers (1)
The internal rate of return is the: discount rate that causes a project's aftertax income to equal zero. discount rate that results in a zero net present value for the project.
Answers (1)
The average cost per seat on the 50-passenger Floating-On-Air Bus company's trip from Kansas City to St. Louis, on which no refreshments are served, is $45. In advance of a particular trip, three seats remain unsold.
Answers (1)
State whether each situation is a prepaid expense (PE), unearned revenue (UR), accrued revenue (AR) or an accrued expense (AE). 1. Unrecorded interest on savings bonds is $245. 2.
Answers (1)
New Questions in Business
Which of the following consists of wages earned from work, plus dividends and interest on investments along with rents and royalties?
Answers (1)
According to cox and demmitt, the single largest expense for wives who return to work is:
Answers (1)
The local government relies mostly on revenue from -Medicare taxes -property taxes -income taxes -interest from savings accounts
Answers (1)
Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.
Answers (1)
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
Home » Business » Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares does Nick own? a. 383 b. 457 c. 362 d. 276 The answer is C
Sign Up Forgot Password?