Chapter 9 Assignments Part 1 ACCOUNTING

Question 1Aggressive Corporation approaches Matt Taylor, a loan officer for Oklahoma State Bank, seeking toincrease the company's borrowings with the bank from $100,000 to $150,000. Matt has an uneasyfeeling as he examines the loan application from Aggressive Corporation, which just completed itsfirst year of operations. The application included the following financial statements. AGGRESSIVE CORPORATIONIncome StatementFor the year ended December 31, 2018 Net sales $200,000Expenses:Cost of goods sold $110,000Operating expenses 50,000Depreciation expense 10,000Total expenses 170,000Net income $ 30,000 AGGRESSIVE CORPORATIONBalance Sheets For the year ended December 31, 2018/December 31, 2018 2018 2017 AssetsCurrent assets:Cash $ 10,000 $0Accounts receivable 60,000 0Inventory 40,000 0Long-term assets:Equipment 100,000 0Accumulated depreciation (10,000) 0Total assets $200,000 $0Liabilities and Stockholders' Equity Page 4 of 11 HI5020 Corporate Accounting Individual Assignment T2…

Assets Liabilities Reserves $2,000 Deposits $10,000 Loans 8,000   Refer to Table.  Starting from the situation as depicted by the T-account, if someone deposits $9,000 into the First Bank of Fairfield, and if the bank makes new loans so as to keep its reserve ratio unchanged, then the amount of new loans that it makes will be   a. $1,800 b. $6, 750 c. $0 d. $2, 250 e. $7,200 f. $9,000.

11.    Bank West's Balance Sheet Assets ​      Liabilities   Cash   $600 Deposits $20 000 Deposits at Bank of Canada $700 Capital    $1 100 Loans and Mortgages $19 800 $21 100 $21 100 TABLE 26-3Refer to Table 26-3. Assume that Bank West is operating at its target reserve ratio and has no excess reserves. If Bank West receives a new deposit of $1500, it can immediately expand its loans by ________ while maintaining its target reserve ratio.     $1478     $1356.50     $1436     $1402.50     $1410

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QUESTION 3 FICO scores to assess the creditworthiness of individuals include the following except     Credit History     Length of credit history     Education     Amounts owed   QUESTION 4 A bank is in the processing of rescheduling a $10 million loan paying 14% interest. If liquidated, it expects to receive $8.4 million. The rescheduling terms are as follows: Amount       $10,000,000 in year 0     New maturity in years   5       Interest rate     8%       Principal payments in millions   $5,000,000 each in years 4 and 5 Upfront-fee     1.00%       Cost of capital after rescheduling 14.00%                       Should the bank reschedule the loan?             Yes, reschedule the loan because the NPV is greater than liquidation value     No, do not reschedule the loan because the liquidation value is lower than the NPV     Reschedule the loan only if the cost of capital after rescheduling is 12%…

Problem 23-9 (LG 23-3) Use the data provided for Gotbucks Bank, Incorporated, to answer this question. Gotbucks Bank, Incorporated (dollars in millions) Assets Liabilities and Equity $ 45 Core deposits 35 Federal funds $ 28 Cash Federal funds Loans (floating) Loans (fixed) 65 120 Euro CDs 145 80 Equity $ 280 Total liabilities and equity 42 Total assets $ 280 Notes to the balance sheet: Currently, the fed funds rate is 10 percent. Variable-rate loans are priced at 3 percent over LIBOR (currently at 11 percent). Fixed-rate loans are selling at par and have five-year maturities with 12 percent interest paid annually. Assume that fixed rate loans are non-amortizing. Core deposits are all fixed rate for two years at 8 percent paid annually. Euro CDs currently yield 9 percent. a. What is the duration of Gotbucks Bank's (GBI) fixed-rate loan portfolio if the loans are priced at par? (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) b. If the…

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Exercise 9-6A (Algo) Working capital and current ratio LO 09-02 On June 30, Year 3, Walton Company's total current assets were $500,500 and its total current liabilities were $279,500. On July 1, Year 3, Walton issued a short-term note to a bank for $41,800 cash. Required a. Compute Walton's working capital before and after issuing the note. b. Compute Walton's current ratio before and after issuing the note. Note: Round your answers to 2 decimal places. a. Working capital b. Current ratio Before the transaction After the transaction

CPPREP4005 Prepare to work with real estate trust accounts - ACT Fill in each blank space with the missing answer Your agency, Entry Real Estate, sold Guiseppe Butler's property at 143 Violet Place, Jacksonville for $800,000 to Sue Smith on the 1st November 2022. There was the usual, initial cash deposit of 0.25% on exchange of contracts. Four days later Sue paid the remaining balance of the 10% via bank transfer. Settlement funds were disbursed on the 8th December 2022 along with the agents 2% commission. Complete the following ledger with the correct information (ensure monetary values are written as follows: $0,000.00) BUTLER to SMITH Property: Date 01/11/2022 05/11/2022 Balance G Butler- Entry 04 Jacksonville Description % deposit % Receipt # Chq/Eft 101 107 funds 332 333 Method Cash Transfer EFT EFT $ Amount CPPREP4004-L....pdf Update: ? Show all X

Question 8 Capital and asset types Tier1 capital Tier 2 capital Corporate debenture Mortgage loan Loan to government ('000) 3000 1000 9000 45,000 4000 a) Calculate risk weighted asset b) Calculating the Capital Adequacy Ratio (CAR) c) Why Capital Adequacy Ratio Matters? Risk weight 90% 75% 0

Bank's Balance Sheet Assets Liabilities and Owners' Equity Reserves $200 Deposits $1,600 Loans $800 Debt $250 Securities $1,000 Capital (owners' equity) $150 Suppose a new customer adds $100 to his account at Midwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and the ▼ account. This would also bring the leverage ratio from its initial value of to new value of Which of the following is true of the capital requirement? Check all that apply. O It specifies a minimum leverage ratio for all banks. O Its intended goal is to protect the interests of those who hold equity in the bank.

Balance sheet ($ million) Cash $10 50 Loans Securities 15 Deposit Equity $68 7 The bank is expecting a $15 net deposit drain. Show the bank's balance sheet if: a. The bank purchases liability to offset this expected drain. b. The bank uses the asset side liquidity to finance this expected drain.

Zovio (ZVO) Dec. 31, 2020 Dec. 31, 2019 Cash 69,280 166,307 Accounts receivable, less allowance of $13,712 and $12,180 in 2020 and 2019, respectively 34,951 27,015 Other current assets 46,313 38,942 Total current assets $ 150,544 $ 232,264 Zovio is a for-profit provider of higher education. In this industry, investors follow uncollectible accounts closely. If write-offs in 2020 were $14,720, what journal entry did Zovio make in 2020 to record bad debt expense? b. In 2020, Zovio earned tuition revenue of $417,795. Assume all of this was on account. If write-offs were $14,720, how much cash did Zovio collect in 2020 from students for tuition? Remember to show your work.

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