Question

Haas Enterprise Inc has 30,000 outstanding shares of stock. If the company declares a dividend of $1.50 per share, what is the total amount of dividends paid?

a) $4,500
b) $30,000
c) $45,000
d) $60,000

Answer 1

The total amount of dividends paid by Haas Enterprise Inc is $45,000.

Step-by-step explanation:

To calculate the total amount of dividends paid by Haas Enterprise Inc, we need to multiply the dividend per share ($1.50) by the number of outstanding shares (30,000).

Dividends Paid = Dividend per share * Number of shares

Dividends Paid = $1.50 * 30,000 = $45,000

Therefore, the total amount of dividends paid is $45,000 (option c).