This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Step 1: Calculate the dividend per share. The company paid K362 400.00 for 1 200 shares. To find the dividend per share, divide the total dividend by the total number of shares. Dividend per share = Total dividendTotal shares Dividend per share = K362\,400.001200 shares Dividend per share = K302.00 per share Step 2: Calculate the amount paid to the man. The man had 20 shares. Multiply the dividend per share by the number of shares the man owns. Amount paid to man = Dividend per share × Man's shares Amount paid to man = K302.00/share × 20 shares Amount paid to man = K6040.00 The final answer is K6040.00. One more to go today! Send it over.