Question

: jackson essentials wants to pay a cash dividend to its stockholders. it has a balance of $3,847,318 in its retained earnings account and a cash balance of $1,994,746. what is it missing in order for jackson essentials to be able to pay a cash dividend?

Answer 1

What is it missing in order for Jackson Essentials to be able to pay a cash dividend? We need to know the amount of shares outstanding. The cash dividend is found by taking the number of shares outstanding and multiplying it by the per-share dividend for each quarter. Since we do not have that information, we can not figure out Jackson Essential's cash dividend.

Answer 2

The number of shares.

Step-by-step explanation

Cash Dividend is the amount of money paid to stakeholders as part of the firm’s current earnings. Cash dividends are applied by companies to return capital to shareholders in a manner of periodic cash payments. Cash dividends are paid on a per-share basis. To figure out Jackson’s cash dividend, we require to know the share number and multiply it by the per share dividend for each quarter.