At the End of 20E, the Total Assets of Dole

question 10

Multiple Choice

At the end of 20E, the total assets of Dole Corporation were $90,000 and total liabilities were $50,000. The company has been in business five years and has earned an average profit of $4,000 per year during the five years. Total cash dividends of $8,000 were declared and paid. What was the total amount received for the shares issued by the company?

• A) $46,000
• B) $30,000
• C) $40,000
• D) $28,000

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Definitions:

Intensive Distribution

A strategy where a company sells its products in as many outlets as possible to maximize coverage and sales.

Personal Pen

A writing instrument chosen or designed to meet an individual's specific preferences or needs, often considered personal property.

Exclusive Distribution

A market strategy where a manufacturer restricts the sale of their product to a single distributor or a limited number of sellers.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and finally to the consumer.