Chelsie Enterprises declared a dividend to shareholders of record on Monday,February 8,that is payable on Friday,February 26.Carla knows that her dividend check normally arrives three business days after the check is written.On which one of the following days should she expect to receive her dividend check?

Question

Quizplus · Accepted Answer

The dividend is payable on February 26, which is a Friday. Adding three business days (excluding weekends), the check should arrive on Wednesday, March 3.

Chelsie Enterprises Declared a Dividend to Shareholders of Record on Monday,February