1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivenika [448]
3 years ago
5

Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7. If Dye h

ad 55 million shares of stock before the recap, how many shares does it have after the recap
Business
1 answer:
zalisa [80]3 years ago
3 0

Answer: 20,714,286 shares

Explanation:

Find out the number of shares that was repurchased:

= Amount raised / stock price

= 240,000,000 / 7

= 34,285,714 shares

Number of shares after recap:

= Number of shares before recap - Shares repurchased

= 55,000,000 - 34,285,714

= 20,714,286 shares

You might be interested in
How can one improve customer service?
yulyashka [42]
Huhhhhhhhh??????????¿¿¿????¿¿???
6 0
3 years ago
What does compounding interest mean??
ivolga24 [154]
Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!
7 0
3 years ago
Smith is a CPA. His neighbor, Jones, asks him to prepare his tax return. Jones and Smith are casual friends. Smith prepares the
kati45 [8]

Answer:

Jones is liable to pay.

He is liable to pay to the tune of $1000. This may be negotiated however if it is not fair.

Explanation:

See the following points

  • The question above is an example of Implied At-law contracts. (We will get to the definition of this in a bit).
  • A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of<u> the Law</u>. From the above definition it is clear that two people may actually be engaging  in a contract without knowing it.
  • The law defines that a contract is.
  • Contracts may be Express or Implied.
  • Express contracts are simply contracts that are stated expressly, or openly, in either writing or orally, at the time of contract formation.
  • Implied contracts are created when two or more parties have no written contract.
  • There are two types of implied contracts:

  1. Implied In-Fact Contracts: these are contracts which create an obligation between the parties based on the facts of the situation. For example, assume your neighbor hires you to wash his car every Friday for the entire holidays. You wash your neighbor’s car for the first four weekends of the holidays and get paid on Friday morning each time. The fifth Friday you wash the car and when you arrive at your neighbor’s house for your pay, your neighbor refuses to pay you.                                           The law will infer that there is a contract between you and your neighbor, even though you never put anything in writing. This is an implied in-fact contract.

       2. The other type of Implied contract is that which is Implied At-Law

In the case between Jones and Smith, the law imposes a duty to perform a contract, and will enforce such a contract even against a person’s will, where the situation is such that without this legal intervention, one party would be <u>unfairly enriched</u> or advantaged by another party’s action.

  • In the question above, Smith is a CPA. He is qualified in every respect to carry out Professional Tax services. His services may be relied upon with a great degree of confidence.
  • If Jones had not filed those tax returns, he probably would have lost monies that should have accrued to him from the government.

This type of agreement is also considered a quasi-contract. A quasi-contract occurs where the law imposes an obligation upon the parties where in fact the parties did not intend to enter into a contract and made no promise to perform.

However, because one party would be unjustly enriched by another party’s action, the beneficiary of those actions must make restitution or pay fair value for the services provided, even though there was never any intention to enter into an agreement.

Cheers!

4 0
3 years ago
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.
azamat

Answer:

The correct answer is option d.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.

This will cause the quantity demanded of the product to increase and the price of the product to decrease.

A decrease in the supply will cause the quantity demanded to decrease and price to increase.

The effect of supply increase is indicated through the given figure.

5 0
3 years ago
Geo Co. purchased a building for $400,000. In addition, Geo paid $35,000 for taxes and lawyer fees. Geo also paid $60,000 to mod
ycow [4]

Answer: $495,000 User “Parrain” is the person who solved this question

Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.

4 0
2 years ago
Other questions:
  • 1. When there is automation, product diversity, and little correlation between overhead cost and direct labor, a plantwide overh
    10·1 answer
  • Which course of action would the WTO take if member A tries to impose a trade barrier against member B?
    9·1 answer
  • Prepare the following journal entries in proper journal entry form. 1. Billed a customer for a $2,400 job. 2. Received $4,800 to
    9·1 answer
  • Which of the following is an example of "satisficing"? Group of answer choices A marketing researcher using the same format as h
    15·1 answer
  • Fast Rocket, Inc. generated a net loss of $5,000 in its first year (2018) and taxable income of $15,000 in its second (2019). As
    8·1 answer
  • Number of units produced 3,100 Number of units sold 2,400 Unit sales price $ 350 Direct materials per unit $ 60 Direct labor per
    15·1 answer
  • Where do banks get money to lend to borrowers??​
    5·2 answers
  • Stockholders' equity:________A. Is equal to assets minus liabilities B. Represents the interest of the owners in the assets of a
    15·1 answer
  • When a boy or girl breaks your heart break their's
    14·2 answers
  • Kelly decided to accept the risk and purchased a high growth stock. Her returns for the past five years are 32 percent, 24 perce
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!