Use the Table Below to Answer the Following Questions

question 29

Multiple Choice

Use the table below to answer the following questions.
Table 11.3.2

-Refer to Table 11.3.2, which gives Tania's total cost schedule. The average total cost of producing 14 teapots is

• A)$7.86.
• B)$6.75.
• C)$7.
• D)$1.75.
• E)$27.50.

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Definitions:

Dividend Payout

The part of a company's profits that is paid out to shareholders as dividends.

Corporate Dividend

The distribution of a portion of a company's earnings, decided by the board of directors, to its shareholders.

Stock Repurchase

A stock repurchase is a program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.

Tax Liability

The total amount of tax owed to the government by an individual, organization, or corporation.