A company has an authorised share capital of $1 000 000. The company has issued 800 000

Question:

A company has an authorised share capital of $1 000 000. The company has issued 800 000 ordinary shares of $1 at $1.20 per share. It pays $48 000 as dividend on the ordinary shares. What was the rate of the dividend?

A. 4%

B. 4.8%

C. 5%

D. 6%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

See More Books

Question Posted: Aug 28, 2023 01:51 PM

See More Questions

A six-sided die was rolled 30 times and the results tabulated above. What is the difference between the average (arithmetic mean) of the rolls and the median of the rolls? A) 0.1 B) 0.2 C) 0.3 D) 0.4...
Alex is 17 weeks pregnant. She comes into the clinic to get a alpha-fetoprotein test. A low result could indicate all of the following except
The following list of balances was extracted from the records of Wonderland Ltd for the year ended 28 February 20.19: Rand (cr) / dr Ordinary share capital (1 400 000) Proceeds of 450 000 new no par...
PROJECT SCENARIO You are recently appointed as the IT Consultant and Software Architect in BMS a Software Architect firm. As your first project, you are assigned by the Project Manager to propose and...
Fresh Produce Foods, Inc., is authorized to issue 3,750,000 shares of $5.00 par common stock . In its initial public offering during 2012, Fresh Produce issued 360,000 shares of its $5.00 par common...
Suppose that u < e(r)h. Show that there is an arbitrage opportunity. Now suppose that d >e(r)h. Show again that there is an arbitrage opportunity. Many (but not all) of these questions can be...
Berkley Corp. wanted to buy 1,000 customized umbrellas imprinted with their logo to use for promotional purposes. It planned to use 250 of the umbrellas for an event scheduled for early February 2012...
Cathys Coney Islands operates seven days per week. Demand is relatively constant during the week and tails off on the weekend. She estimates that she needs five employees Monday through Friday, and...
For this exercise, instead of using the values in the challenge, ask the user for the number of shares, the share price, and the percent commission.For this exercise, instead of using the values in...
The following information is extracted from the accounts of a company. How much was the cash inflow from operating activities in the year ended 30 June 2004? A. $67 000 B. $75 000 C. $125 000 D. $133...
The following information is extracted from the accounts of a company. What was the operating profit for the year ended 31 December 2003? A. $194 000 B. $239 000 C. $244.000 D. $289 000 Retained...
Boring Unreliable Gadget Inc.s stock price S is $50 today. It pays dividends of $1 after two months and $1.05 after five months. The continuously compounded interest rate is 4 percent per year....
An electromagnetic wave (E=5, =1) comes from lossles closed air al find the ot angle and Ot angle. b) Find the b. c) Find the wavelength in the air and the magnetic medium d) Find the transmitted and...
Armery Inc. purchased a deferred annuity which pays $60,000 at the beginning of every quarter for eight years with the first payment to be received in five years. Calculate the expected purchase...
NOPAT Component Year 0 Change in Working Capital Component Year... NOPAT Component Year 0 Change in Working Capital Component Year -1 Year 0 Net CapEx Component Year 0 EBIT Accounts Receivable ...
As a police employee would you prefer to work for a Chief of Police who has authoritarian, democratic, or laissez faire with regard to their leadership styles?Justify your response.
Samuel wishes to buy his dream car when he retires in 6 years time. The car now costs R350000. Car prices have been rising in price by an average of 5% per year and this trend is expected to...
Prepare journal entries to record these selected transactions for Vitalo Company (assume that no reversing entries are recorded). Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from...
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
Why would a company like Produban want to invest in a telepresence system such as Ciscos IX5000? How are videoconferencing technology and telepresence related to Produbans business model and business...
What kinds of other companies might benefit from a telepresence service such as IX5000? Why?
What are business processes? How are they related to information systems?
1. You are defining a new unit of mass, called the qat (pronounced "cat"). One qat is equivalent to 7000 g. (a) You carry a backpack with 10 kg of books in it. How many qats are you carrying? (b) A...
For f(x) = 6x and g(x) = x10, find the following. (a) (f + g)(x) (b) (fg)(x) (c) (f. g)(x) (d) (f/g)(x) X #0 Need Help? Read It Watch It Master It
Read:Discussion Background Microsoft Windows is one of the most popular operating systems used in business. It is likely you will use Microsoft Windows in the healthcare industry, and your UMA...

A company has an authorised share capital of $1 000 000. The company has issued 800 000

Question:

Step by Step Answer:

The rate of dividend can be calculated using the following formula Rate of Dividend Dividend ...View the full answer

Accounting A Level And AS Level

Students also viewed these Business questions