Acompany's board of directors votes to declare a cash dividend of $.75 per share of common stock. the company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding.
the total amount of the cash dividend is:
a) $7,125.
b) $11,250.
c) $10,250.
d) $7,500.
e) $14,625.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.