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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

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Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep
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Answer:

Total Costs Transferred Out     906422.4

<em>Difference may be due to rounding .</em>

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Equivalent units

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<u>Ending inventory   30,000  (100% )  (25% )           30,000, 7,500</u>

<u>Accounted For        198,480                               198,480       175,980   </u>                                                                  

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To Account for    1027618             719,832                             307786

Divided By

Equivalent Units                               198,480                            175,980  

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<u><em>Assignment of Costs </em></u>

Transferred out ( 5.38* 162,000)=  871560

Normal Spoilage (5.38* 6480)<u>=   34862.4</u>

Total Costs Transferred Out     906422.4

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