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Solve the following dividend problem. Sun Country Bus Lines has 80,000 shares of stock outstanding. What would the dividend per share of stock be from a dividend declaration of $109,600? How many shares of stock does Julie Norris hold if her share of the dividend is $6.85?

Respuesta :

CarlyS
A= $1.37 
B = 5hope this helped

Answer:

Norris holds 5 shares.

Step-by-step explanation:

Total outstanding stock of shares that Sun Country Bus Lines has = 80,000

Total value of dividend declaration by the company = $109,600

Dividend value for each share = 109,600 ÷ 80,000

                                                  = $1.37

Julie Norris holds some shares of stock.

The value of the dividend for her shares = $6.85

The number of shares Norris has = [tex]\frac{6.85}{1.37}[/tex]

                                                        = 5 shares

Norris holds 5 shares and dividend value per share is $1.37.

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