How many shares does have after the recap

Assignment Help Financial Accounting
Reference no: EM132956176

Problem 1: Dye Trucking raised $170 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.

Reference no: EM132956176

Questions Cloud

Example of stabilizing selection : Tell how this is an example of stabilizing selection. Be sure to define stabilizing selection in your answer.
Explain the concepts from the four observations : In your own words, explain the concepts from the four observations discussed in 12.2 using the moth as an example. In other words, how does the moth illustrate
Calculate the worst-case NPV and best-case NPV : Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±12 percent. Calculate the worst-case NPV
What are the genotypes of the p generation flies : Question: What are the genotypes of the P generation flies? What will be the genotype(s) and phenotype(s) of the F1 offspring?
How many shares does have after the recap : After the recap, Dye's stock price is $8.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?
Describe why you chose these two versus the others : Describe why you chose these two versus the others and, given your experience in this course, what you are considering for your capstone
What control systems are being used by healthwize : What control systems are being used by Healthwize and what are they measuring?
What purpose does the federal trade commission serve : What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?
Explain expression of the knirps gene : 4 classes of transcription factor genes that act sequentially to control pattern formation in drosophila: maternal genes (nanos), gap genes (knirps), pair-rule

Reviews

Write a Review

Financial Accounting Questions & Answers

  Company sells fixed asset

A company sells a fixed asset (equipment) for $30,000. The asset originally cost $80,000 and had accumulated depreciation of $55,000 at the time of the sale. Select the journal entry to recognize the sale. Debit Cash $30,000 Debit Accumulated Depreci..

  Weighted average number of shares outstanding-earnings ratio

Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2014. The weighted average number of shares outstanding in 2014 was 60,000 shares. Ale Corporation's common stock is selling for $76 per share on the N..

  Should multinational companies always stay out of places

Should multinational companies always stay out of places with civil violence, or should profit potentials be carefully evaluated

  An auditor is engaged to audit the eastern planning

An auditor is engaged to audit the Eastern Planning and Development District, a not-for-profit entity that receives federal financial assistance. The auditor designed his audit to provide reasonable assurance of detecting material misstatements resul..

  What amount of accounts receivable for uncollectible account

What amounts of Accounts Receivable and Allowance for Uncollectible Accounts would appear on the firm's balance sheet at the end of the third year?

  Huang automotive is presently operating

Huang Automotive is presently operating at 75% of capacity. The company recently received an offer from a Korean truck manufacturer to purchase 26,500 units of a power steering system component for $195 per unit.

  Which circumstance where specific identification method used

Which is likely to be a circumstance where specific identification method can be used? Ifrs requires specific identification method in certain circumstances

  What will be the consequences if the stock is sold at gain

Your client, the majority shareholder in a small business, is considering selling his shares to an “outside” party who would like to take control of the enterprise. What will be the consequences if the stock is sold at a gain? What will be the conseq..

  Discuss whether entity should classified as reporting entity

Discuss whether entity should classified as Reporting Entity. Zema Pty Ltd is a small proprietary company. The four members of the board of directors own 75%

  Calculate the proceeds on issuance of the bonds

Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. Sawada Insurance Ltd. issues bonds

  Explain how do webusiness people and as a society

After all, we live in a society where the norm is to 'have someone's back' and to not 'rat out someone'. Explain how do we, as businesspeople and as a society, overcome the loss of trust many feel toward whistle-blowers?

  What should the purchaser record as the acquisition cost

What should the purchaser record as the acquisition cost of the new truck? A company purchases a new delivery truck, paying $45,000 to the vendor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd