Plymouth Corporation has only one class of stock. There are $84,000$ shares outstanding. During $20$X$1,$ the corporations net income after taxes was $$672,000.$ The policy of the corporation is to declare dividends equal to $20$ percent of its net income. Elaine White owns $290$ shares of the stock. How much will White receive as a dividend on these shares?

Answer rating: 100% (QA)

To determine the dividend amount Elaine White will receive on her shares we first need to find the t... View the full answer