The Declaration Date Is the Date ________

question 109

Multiple Choice

The declaration date is the date ________.

• A)on which the board of directors of a corporation announces that a dividend will be paid
• B)used to determine exactly who will receive dividends
• C)when cash is actually paid to the shareholders
• D)when earnings are declared

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Definitions:

Fixed Cost

A periodic cost that does not vary with production volume or sales.

Variable Costs

Costs that change in proportion to the level of production or sales in a business.

Contribution Rate

The percentage of income that is saved or contributed to a retirement plan by an individual or employer.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales. Examples include rent, salaries, and insurance premiums.