dQuestion 7Using the stylized balance sheet below, please 1) finish the balance sheet, and 2)use that information to answer the following question, entering your answer in theplace provided.Avg.InterestAmountAvg.InterestAmountDemandVault Cash$1,262$1,408DepositsUS Treas.Savings5.51%2,3723.46%9,071SecuritiesDepositsConsumer/Bus.5.76%12,678CD's2.34%????LoansMortgage6.08%7,692Borrowings5.12%1,600LoansPropertyEquipmentTotal Assets986EquityTotal Liab.&????Equity3,433????What is the net interest margin the this bank? (Please enter the answer without the %sign-so- so for instance is the answer is 5.67%, then enter just 5.67)1.565er3.13 margin of error +/- 0.05

Step 1: Calculate Interest Income on Loans1.1. Identify the average interest rates for different…

Answered: d Question 7 Using the stylized balance…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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s/ui/v2/assessment-player 80 F3 $ OCT 26 4 Q F4 Question 1 of 1 The statement from Jackson County Bank on December 31 showed a balance of $26,662. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2 3. Your answer is incorrect. 4 The bank collected a note receivable of $2,500 for Sheffield Corp. on December 15 through electronic funds transfer. The December 31 receipts were deposited in a night deposit vault on December 31. These depasits were recorded by the bankid January Checks outstanding on December 31 totaled $1.200. On December 31, the bank statement showed an NSF charge of $630 for a check received by the company from L. Bryan, a customer on account Prepare a bank reconciliation as of December 31 based on the available information. (Hint: The cash balance per books is $26,292. This can be proved by finding the balance in the Cash account from parts (a) and (b)) (List items that increase cash balance first Reconcile cash balance per bank…
Item4 11.11points eBookReferences Check my workCheck My Work button is now enabled3 Item 4 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $19,000 cash deposit in checking account. $52,000 bond investment due in 20 years. $13,000 U.S. Treasury bill due in 1 month. $1,000, 3-year loan to an employee. $4,200 of currency and coins. $1,300 of accounts receivable.
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#8 O Item Prior year Current year Accounts payable 8,100.00 7,786.00 Accounts receivable 6,081.00 6,685.00 Accruals 1,000.00 1,553.00 Cash ??? ??? Common Stock 10,998.00 11,247.00 COGS 12,678.00 18,011.00 Current portion long-term 4,928.00 4,981.00 debt Depreciation expense 2,500 2,774.00 Interest expense 733 417 Inventories 4,250.00 4,824.00 Long-term debt 13,238.00 13,578.00 Net fixed assets 51,887.00 54,423.00 Notes payable 4,300.00 9,879.00 Operating expenses (excl. 13,977 depr.) 18,172 Retained earnings 28,209.00 29,224.00 Sales 35,119 45,333.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
QUESTION 13 Assets Liabilities Reserves $200 Deposits $800 Loans $ 700 Debt S100 Securities S 100 Capital $100 Refer to the same T-account. By how much do the assets need to cepreciate for the bank to go insolvent? a.more than 5%% b.more than 1OPE c.more than 8%6 d more tinan 26
requirement 4 and 5 please
2) An asset has an initial cost of $60,000, a salvage value of $5,000, and a depreciation life of 6 years. a) Determine the book value for year 3 using sum-of-the-years-digits depreciation. b) Determine the depreciation for year 3 using double declining balance depreciation. c) Determine the equivalent annual capital recovery plus a 12% return for year 3, assuming declining balance depreciation.
0.69 8:34 KB/S 2:44 5G Vo 1 LTE 2 +91 98156 34462 Yesterday, 9:12 pmek 2.docx ACC1310 Lab 1-Week 2 Accounts Receivable Bad Debts • Recording Bad Debt - Percentage of sales Aging of receivables • Write off Bad Debt • Recovery of Bad Debt QS 8-1 Entries for sale on credit and subsequent collection LO1 Journalize the following transactions for Kimmel Company (assume a perpetual inventory system): a. On March 1, Kimmel Company sold $40,000 of merchandise costing $32,000 on credit terms of n/30 to JP Holdings. b. On March 27, JP Holdings paid its account in full. QS 8-5Adjusting entry to estimate bad debts- percentage of sales LO2,3 Lexton Company uses the allowance method to account uncollectible accounts receivable. At year-end, October 31, it was estimated that 0.6% of net credit sales were uncollectible based on past experience. Net sales were $690,000, of which 2/3 were on credit. Record the entry at year-end to estimate uncollectible receivables. QS 8-6Adjusting entry to estimate bad…

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