A firm has sales of $685,000 and cost of goods sold of $435,000 The firm expects sales to increase by 6 percent next year What is the gross profit amount expected to be next year if the firm uses the percentage of sales approach when compiling pro forma statements A $235,100 B $265,000 C $335,000 D $355,100 E $536,100 Which one of the following terms is used to identify the NYSE rules which slow or stop trading when the DJIA declines by more than a specified amount during a trading session A order flows B market timers C crash helmets D circuit breakers E trade barriers A firm has net sales of $65,000, operating expenses of $21,300, depreciation of $5,000, cost of goods sold of $36,500, and interest expense of $4,500 What is the operating margin A 2 8 percent B 2 6 percent C 3 4 percent D 9 2 percent E 10 3 percent Which one of the following statements concerning the stock market is correct A Leverage was one of the contributing factors of the Crash of 1929 B Black Monday refers to October 29, 1929 C Program trading is cited as the sole cause of the Crash of 1987 D Generally speaking, market crashes tend to last longer than market bubbles E It took the market 10 years to recover from the Crash of 1987 Bay Marina, Inc has net income of $53,700 and has 30,000 shares of stock outstanding Similar firms have a price earnings ratio of 20 Given this, what should the market price of Bay Marina, Inc stock be per share A $28 91 B $29 29 C $30 40 D $33 91 E $35 80 Southern Foods just paid an annual dividend of $1 10 a share Management estimates the dividend will increase by 10 percent a year for the next four years After that, the annual dividend growth rate is estimated at 3 2 percent The required rate of return is 12 percent What is the value of this stock today A $12 55 B $13 00 C $14 54 D $15 81 E $16 21

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A firm has sales of $685,000 and cost of goods sold of $435,000. The firm expects sales to increase by 6 percent next year. What

A firm has sales of $685,000 and cost of goods sold of $435,000. The firm expects sales to increase by 6 percent next year. What is the gross profit amount expected to be next year if the firm uses the percentage of sales approach when compiling pro forma statements?

	A.	$235,100
	B.	$265,000
	C.	$335,000
	D.	$355,100
	E.	$536,100

Which one of the following terms is used to identify the NYSE rules which slow or stop trading when the DJIA declines by more than a specified amount during a trading session?

A. order flows

B. market timers

crash helmets

D. circuit breakers

E. trade barriers

A firm has net sales of $65,000, operating expenses of $21,300, depreciation of $5,000, cost of goods sold of $36,500, and interest expense of $4,500. What is the operating margin?

A.		-2.8 percent
B.		2.6 percent
C.		3.4 percent
D.		9.2 percent
E.		10.3 percent

Which one of the following statements concerning the stock market is correct?

	A.	Leverage was one of the contributing factors of the Crash of 1929.
	B.	"Black Monday" refers to October 29, 1929.
	C.	Program trading is cited as the sole cause of the Crash of 1987.
	D.	Generally speaking, market crashes tend to last longer than market bubbles.
	E.	It took the market 10 years to recover from the Crash of 1987.

Bay Marina, Inc. has net income of $53,700 and has 30,000 shares of stock outstanding. Similar firms have a price-earnings ratio of 20. Given this, what should the market price of Bay Marina, Inc. stock be per share?

	A.	$28.91
	B.	$29.29
	C.	$30.40
	D.	$33.91
	E.	$35.80

Southern Foods just paid an annual dividend of $1.10 a share. Management estimates the dividend will increase by 10 percent a year for the next four years. After that, the annual dividend growth rate is estimated at 3.2 percent. The required rate of return is 12 percent. What is the value of this stock today?