Question
If a company has 245 shares of common stock and $275,000.00 to be distributed to its holders, how much would each share receive?
Question 7 options:
A)
$11,245.80
B)
$112.45
C)
$1,122.45
D)
$1,233.00
Question 7 options:
A)
$11,245.80
B)
$112.45
C)
$1,122.45
D)
$1,233.00
Answers
GPT-4o mini
To find out how much each share would receive, you can divide the total amount to be distributed by the number of shares.
Total amount to be distributed: $275,000.00
Number of shares: 245
Amount per share = Total amount / Number of shares
Amount per share = $275,000.00 / 245
Now, let's calculate that:
Amount per share = $275,000.00 ÷ 245 ≈ $1,122.45
Thus, each share would receive approximately $1,122.45.
The correct answer is **C) $1,122.45**.
Total amount to be distributed: $275,000.00
Number of shares: 245
Amount per share = Total amount / Number of shares
Amount per share = $275,000.00 / 245
Now, let's calculate that:
Amount per share = $275,000.00 ÷ 245 ≈ $1,122.45
Thus, each share would receive approximately $1,122.45.
The correct answer is **C) $1,122.45**.