ECZ 2019 · GCE Paper 1 — Social and Commercial Arithmetic
A company's working capital consists of 450 10% preference shares of K50.00 each and 700 ordinary shares of K10.00 each. After 6 months, the company declared a dividend of K5 750.00. How much dividend will be paid to each ordinary shareholder?
- A. K8.20
- B. K2 250.00
- C. K5.00
- D. K3.50
Verified working — step 1
Preference shareholders are paid first: 10% × K50 × 450 = K2 250. That leaves K5 750 − K2 250 = K3 500 for the ordinary shares, spread over 700 of them: K3 500 ÷ 700 = …The full step-by-step working and final answer are included with Premium — checked against ECZ marking standards.
Original examination question © Examinations Council of Zambia. Worked solution and commentary © G12 Titan — not to be reproduced without permission.
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