Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales $ 6,070 Cost of goods sold 4,390 Depreciation 375 Earnings before interest and taxes $ 1,305 Interest paid 36 Taxable income $ 1,269 Taxes 266 Net income $ 1,003 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 2020 2021 Cash $ 125 $ 230 Accounts payable $ 1,630 $ 1,630 Accounts received 1,050 890 Long-term debt 840 640 Inventory 1,725 2,090 Common stock 3,300 3,310 Total $ 2,900 $ 3,210 Retained earnings 910 1,160 Net fixed assets 3,780 3,530 Total assets $ 6,680 $ 6,740 Total liabilities & equity $ 6,680 $ 6,740 How many dollars of sales were generated from every dollar of fixed assets during 2021?

NYSE designated market makers:

Assuming a firm earns taxable income, an increase in ______ will cause the cash flow from assets to increase.

A bond has a coupon rate of 8 percent, seven years to maturity, semiannual interest payments, and a YTM of 7 percent. If interest rates suddenly rise by 1.5 percent, what will be the percentage change in the bond price?

Myca Corporation has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of 9.3 percent? Year Cash Flow 1 $ 1,680 2 2,090 3 2,395 4 2,405

A 1-year loan of $15,000 is quoted at 6.7 percent plus 3 points. This loan is to be repaid in one lump sum. What is the actual cost of this loan?

Gerritt wants to buy a car that costs $27,750. The interest rate on his loan is 5.41 percent compounded monthly and the loan is for 6 years. What are his monthly payments?

Tobin’s Q relates the market value of a firm’s assets to which one of the following?

Tower Resources just paid an annual dividend of $4.12. The company has a policy of increasing the dividend by 2.5 percent annually. You would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. If you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?

Your grandparents put $12,000 into an account so that you would have spending money in college. You put the money into an account that will earn an APR of 4.55 percent compounded monthly. If you expect that you will be in college for 4 years, how much can you withdraw each month?