The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.   The company has 6,000 unissued shares and has 1,000 shares held in Treasury.   If the company pays a dividend of $10 per share of stock, how much is the company's total dividend payout?       $60,000     $50,000     $30,000     $100,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.  

    The company has 6,000 unissued shares and has 1,000 shares held in Treasury.  

    If the company pays a dividend of $10 per share of stock, how much is the company's total dividend payout?  

       

    $60,000

       

    $50,000

       

    $30,000

       

    $100,000

    2. 

    1. The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.  

      The company has 6,000 unissued shares and has 1,000 shares held in Treasury.  

      How much money can the company raise in total by selling and issuing shares of stock?  

         

      $150,000

         

      $350,000

         

      $500,000

         

      $200,000

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