Quantum, Inc declared a 2 per share dividend on October 1. The ...

[vicky]

Quantum, Inc declared a 2 per share dividend on October 1. The date of record is October 20th,
  the ex-dividend date is October 18th, and the payment date is October 31st. Mitchell owns a share
  of stock on October 1.
 
  Mitchell sells his share to Gene on October 18th, Gene sells the share to
  Dimitri on October 20th, and Dimitri sells the share to Hank on October 30th. Who will receive the
  dividend?
  A) Gene B) Hank C) Mitchell D) Dimitri

Question 2

Matterhorn, Inc had the following sales for the past six months. Matterhorn collects its credit sales
  30 in the month of sale, 60 one month after the sale, and 10 two months after the sale.
 
  Cash Sales Credit Sales
  January 50,000 50,000
  February 70,000 110,000
  March 55,000 95,000
  April 78,000 130,000
  May 80,000 105,000
  June 75,000 148,000
  What are Matterhorn's total cash receipts for the month of April?
  A) 168,000 B) 208,000 C) 176,000 D) 98,000

[Mochi]

Answer to Question 1

A

Answer to Question 2

C