Accounting

[kashauna1077]

After a 5-for-1 stock split, the Strasburg Company paid a dividend of $0.75 per new share, which represents a 9% increase over last year's pre-split dividend. What was lasy year's dividend per share?

[CheekyChops]

�25 per share

[dr b]

Without the split, the dividend would have been $3.75 ($0.75 x 5). $3.75/1.09 = $3.44 = last year's dividend. I believe CheekyChops is being, well, cheeky.

[factor-fiction]

I agree with CheekyChops' approach.
I'm not sure what course kashauna1077 is doing but he seems to post coursework questions regularly. AB members are helpful and some will help kashauna1077. I don't think we'd be helping him/her in the long run if we always do the work

[CheekyChops]

I wouldn't mind so much if he/she started with 'I'm stuck with my homework, can anyone help....'

To just post the question in its entirety, without a please or thank you and to expect someone to provide the answers is just rude. And doesn't help the poster to learn anything either.

[sara3]

I couldn't be bothered to work it out either, kashauna, but I wouldn't expect someone else to do it for me.

maybe you're doing the wrong course.

[Lakitu]

I asked already if it would be more helpful if we show hiom/her HOW we get to the answer we do, but there was no response.

Never mind, they'll get all the answers, get their degree (or whatever), find employment only for the employer to realise they've employed a cheat as thick as 2 short planks :o)

[sara3]

Lakitu phrased that much better than I did!

[Lakitu]

I have my moment, not very often though :o) x