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Natasha_Volkova [10]
3 years ago
15

Dye Trucking raised $85 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.50. If Dye

had 70 million shares of stock before the recap, how many shares does it have after the recap
Business
1 answer:
ivanzaharov [21]3 years ago
8 0

Answer:

60,000,000

Explanation:

Dye trucking raised $85 million to buy stock

After the recap Dye's stock price is $8.50

Dye share had 70 million share before the recap

Therefore the number of shares present after the recap can be calculated as follows

= 70,000,000-(85,000,000/8.50)

= 70,000,000-10,000,000

= 60,000,000

Hence the number of shares after the recap is 60,000,000

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The demand curve of a monopolist is: A. downward sloping and above the marginal revenue curve. B. kinked because of recognized i
Nataly [62]

Answer:

A. downward sloping and above the marginal revenue curve. 

Explanation:

A monopoly is when there's only one firm operating in an industry. A monopoly usually sets the market price for goods and services. A monopoly faces a downward sloping demand curve because as price increases, the quantity demanded falls.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production
umka21 [38]

Answer:

d.$18,900

Explanation:

Gross Profit is the net of Sales value and production cost in the period for the units sold. Under absorption costing all the direct and indirect costs incurred in the production of products are included in the total production cost. As the cost is available for 100 units produced we need to calculate the cost of 90 unit and deduct this cost from the sales value to determine the gross profit and then deduct the operating expenses to calculate the operating income.

Sales (90 units)                                                                  $90,000

Less: Production costs:

Direct materials ( $40,000 x 90/100 )              $36,000

Direct labor ( 20,000 x 90/100 )                       $18,000

Variable factory overhead ( 2,000 x 90/100 ) $1,800

Fixed factory overhead ( 7,000 x 90/100 )      <u>$6,300</u>

Total Production cost                                                       <u>($62,100)</u>

Gross Profit                                                                        $27,900

Less Operating expenses:

Variable operating expenses $8,000

Fixed operating expenses      $1,000

                                                                                          <u>($9,000)</u>

Operating Income                                                             <u>$18,900</u>

6 0
3 years ago
Click this link to view O*NET’s Work Context section for Human Resources Managers. Note that common contexts are listed toward t
Vika [28.1K]

Answer:

freedom to make decisions

electronic mail and telephone

face-to-face discussions

7 0
3 years ago
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Pharoah Company reported net income of $1.30 million in 2022. Depreciation for the year was $208,000, accounts receivable decrea
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Answer:

Net cash flow from operating activities

$1,599,000

Explanation:

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7 0
3 years ago
True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its speci
Nina [5.8K]

The statement which states that a management contract is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications is false

According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to <em>produce its goods </em>to its specifications.

As a result of this, we can see that a management contract is one where one firm gives its management skills <em>in part or in full</em> to another firm.

With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications but is in charge of the marketing.

Therefore, the correct answer is false.

Read more here:

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3 0
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