"Sanchez Company engaged in the following transactions during Year 1:

1) Started the business by issuing $11,100 of common stock for cash.
2) The company paid cash to purchase $6,900 of inventory.
3) The company sold inventory that cost $4,300 for $8,400 cash.
4) Operating expenses incurred and paid during the year, $3,800.

Sanchez Company engaged in the following transactions during Year 2:

1) The company paid cash to purchase $9,400 of inventory.
2) The company sold inventory that cost $8,500 for $15,000 cash.
3) Operating expenses incurred and paid during the year, $4,800.

Note: Sanchez uses the perpetual inventory system.

Sanchez's gross margin for the Year 2 is:"

What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2?

a) $12,500
b) $2800
c) $2100
d) $7600

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Adecision is made at the margin when each alternative considers