Chapter 9 Assignments Part 1 ACCOUNTING

Question

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the information in the photo wants me to find out the working capital and current ratio

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

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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Bank​ North's Balance Sheet Assets   Liabilities Reserves ​$250   Deposits ​$1,500 Loans ​ $1,550   Capital ​ $300   ​$1,800     ​$1,800   Refer to table above. If Bank North receives a new deposit of ​$400​, its actual reserve ratio immediately becomes ___.   (Thank you)

ONLY ANS PART C PLZ THX Old Bank started its first day of operations (11 March, 2021) with $6 million in capital. $100 million in checkable deposits is received. The bank issues a $30 million commercial loan and another $30 million in mortgages. (a) If required reserves are 8%, what does the bank balance sheets look like?  (b) On the first day of operation (11 March, 2021), Clive withdraw his checkable deposits $40 million with the Old Bank. What does the balance sheet look like? Are there any problems?  (c) Suggest one way that the Old Bank can solve the problem and show how does the bank balance sheet changed afterwards

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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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14. 15. 16. 17. 18. 19. 20.     Question Workspace   Check My Work The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.   Balance Sheet (Millions of $) 2021 Assets   Cash and securities   $ 3,000   Accounts receivable     15,000   Inventories     18,000   Total current assets   $ 36,000   Net plant and equipment     24,000   Total assets   $ 60,000     Liabilities and Equity   Accounts payable   $ 15,004   Accruals     9,196   Notes payable     7,000   Total current liabilities   $ 31,200   Long-term bonds     12,000   Total liabilities   $ 43,200   Common stock     4,536   Retained earnings     12,264   Total common equity   $ 16,800   Total liabilities and equity   $ 60,000     Income Statement (Millions of $) 2021 Net sales   $…

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12. The Bank of Greater Pittsburg has the balance sheet listed on the right if it has to write off $26 million in loans is it solvent or insolvent (please explain your answer). Reserves Loans Securities Assets $200M Depostis $500M Debt $200M Capital Liabilities $750M $125M $25M

1 Find the new balance, assuming that the bank charges 2-% per month on the unpaid balance. 2 Previous New Balance Payment Purchases $592.88 $81.26 A. $575.61 B. $572.61 C. $576.51 O D. $574.41 $50.00

Presented below is a partial trial balance for the Messenger Corporation at December 31, 2021. Account Title Debits 36,000 207,000 42,000 150, 000 8,000 Credits Cash and cash equivalents Accounts receivable Raw materials inventory Notes receivable Interest receivable Interest payable Investments Land Buildings Accumulated depreciation-buildings Work in process inventory Finished goods inventory Equipment Accumulated depreciation- equipment Franchise (net of amortization) Prepaid insurance (for the next year) Deferred revenue Accounts payable Notes payable Salaries payable Allowance for uncollectible accounts Sales reyenue 13,000 45,000 130,000 1,560,000 770, 000 44,000 95,000 430,000 260,000 1,320, 000 66,000 54, 000 300,000 560,000 12,000 30,000 8,500, 000 Cost of goods sold Salaries expense 530,000 54,000

Adobe PDF Signatures Files cont Paragraph Styles Adobe Acrobat Voice Sensitivity Reuse Files oblems 1. Danka Corporation collected a $200,000 accounts receivable. What impact will this transaction have on working capital? (Hint: Think of the horizontal equation entry for the collection of accounts receivable and what accounts that will impact) O Focus 203% 1:19 AM search 50°F 10/28/2021

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