Anstendig Corp

question 115

Essay

Anstendig Corp. has 250,000 shares of common stock authorized. It has issued 75,000 shares and has reacquired 12,000 of these shares as treasury stock. Anstendig subsequently declared a cash dividend of $3 per share. What is the total amount of dividends that were declared?

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Definitions:

System of Equations

A set of two or more equations with the same set of variables, which are solved together.

\(n + 2\)

Represents an algebraic expression in which 2 is added to a variable n.

\(n + 1\)

An expression representing one more than a given number \(n\).

\(( n + 6 ) !\)

A notation indicating the factorial of n plus 6, meaning the product of all positive integers up to n+6.