Question

Solve the following dividend problem. alameda tent company has 75,000 shares of stock outstanding. what total dividend declaration would be necessary for the dividend per share to be $2.00. 1,500 15,000 150 150,000

Answer 1

The total dividend declaration required for the Alameda Tent Company to issue a $2.00 dividend per share with 75,000 shares outstanding is $150,000.

Step-by-step explanation:

To solve the dividend problem for the Alameda Tent Company, we need to calculate the total dividend declaration required for a dividend per share of $2.00. With 75,000 shares outstanding, the total dividend needed is the dividend per share multiplied by the total number of shares.

Total Dividend Declaration = Dividend per Share × Number of Shares

= $2.00 × 75,000

= $150,000

Therefore, the total dividend declaration that would be necessary for a $2.00 dividend per share with 75,000 shares outstanding is $150,000.