Use the following information to answer this question.

Bayside, Inc. 2010 Income Statement ($ in thousands)
Net sales $ 6,190
Less: Cost of goods sold 4,500
Less: Depreciation
430

Earnings before interest and taxes $ 1,260
Less: Interest paid
34

Taxable Income $ 1,226
Less: Taxes
368

Net income
$ 858

Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands)
2009

2010

2009

2010

Cash $ 145 $ 250 Accounts payable $ 1,730 $ 1,720
Accounts rec. 1,110 950 Long-term debt 870 670
Inventory
1,825

2,100

Common stock $ 3,360 $ 3,340
Total $ 3,080 $ 3,300 Retained earnings
940

1,190

Net fixed assets
3,820

3,620

Total assets
$ 6,900

$ 6,920

Total liab. & equity
$ 6,900

$ 6,920

What is the return on equity for 2010?

A. 18.94 percent

b. 27.06 percent

C. 19.45 percent

D. 12.40 percent

E. 19.95 percent

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold