The financing of business
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Kenny Limited's issued share capital is made up of 250,000 ordinary shares of £1 each. Kenny Limited paid an interim dividend of 4 pence per share and has proposed a final dividend for the year of 7 pence per share. What is the total dividend for the year?
£10,000
correct
incorrect
£17,500
correct
incorrect
£27,500
correct
incorrect
£250,000
correct
incorrect
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Daniel Limited's issued share capital is £375,000, made up of ordinary shares of 50 pence each. Daniel Limited paid an interim dividend of 6 pence per share and has proposed a final dividend for the year of 9 pence per share. What is the total dividend for the year?
£45,000
correct
incorrect
£56,250
correct
incorrect
£67,500
correct
incorrect
£112,500
correct
incorrect
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Steven Limited's issued share capital is £300,000 made up of ordinary shares of 30 pence each. Steven Limited paid an interim dividend during the year of 8 pence per share and has proposed a final dividend for the year of 10 pence per share. What is the total dividend for the year?
£180,000
correct
incorrect
£100,000
correct
incorrect
£80,000
correct
incorrect
£54,000
correct
incorrect
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Luis Limited's issued share capital is made up of 250,000 ordinary shares of £1 each and 100,000 5% preference shares of £1 each. Luis Limited paid an interim ordinary dividend of 3 pence per ordinary share and a final dividend of 5 pence per ordinary share is proposed at the year end. What is the total ordinary dividend distribution for Luis for the year?
£5,000
correct
incorrect
£12,500
correct
incorrect
£20,000
correct
incorrect
£25,000
correct
incorrect
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Lucas Limited's issued share capital is £550,000, made up of 500,000 ordinary shares of 50 pence and 300,000 £1 6% preference shares. Lucas Limited paid an interim ordinary dividend of 5 pence and has proposed a final dividend of 7 pence per ordinary share. What is the total dividend for the year for Lucas Limited?
£43,000
correct
incorrect
£48,000
correct
incorrect
£53,000
correct
incorrect
£78,000
correct
incorrect
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