. Rita Smith owns 220 shares of Jefferson Carpet Mills.For the last calendar quarter,Jefferson Carpet Mills paid dividend of $0.47 a share.What is the total amount Rita received in her dividend check for this quarter?
a)$0.47
b)$47
c)$94
d)$103.40
IS A RIGHT?THANK YOU?
Your problem states that Rita owns 220 shares. How can her dividend only be 47 cents for this quarter?
O YOU'RE RIGHT ,I THINK IS D WOULD BE CORRECT,THANKS:))
Right!
Jo Bower owns 150 shares of Data General stock. She purchased the stock for $24 a share. She sold her stock for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming that she received no dividends during the time she owned the stock, what is her total return for this transaction?
No, option A is not correct. To calculate the total amount Rita received in her dividend check for this quarter, we need to multiply the dividend per share by the total number of shares Rita owns.
In this case, Rita owns 220 shares of Jefferson Carpet Mills and the dividend paid per share is $0.47. Therefore, the total dividend amount Rita received for this quarter can be calculated as:
Total dividend amount = Dividend per share * Number of shares
Total dividend amount = $0.47 * 220
Total dividend amount = $103.40
So, the correct answer is option D, $103.40.
Remember, in similar cases, you can use the formula: Total dividend amount = Dividend per share * Number of shares, to calculate the total dividend amount received.