Prepare the bank's balance sheet and income statement, and calculate the bank's reserves using the following information (figures in mln €): Average paid interest rate 6% Average earned interest rate 9% Staff cost 20 Loan from Central Bank ? Demand deposits Time deposits 100 600 Loans to clients 1000 Operative expenses 14 Incomes on commissions and services 40 Cash and reserves 300 200 Net foreign exchange gains 22 Required reserve rate for time deposits 10% Required reserve rate for demand deposits 20% Investments in securities Equity Fixed assets 800 400
Prepare the bank's balance sheet and income statement, and calculate the bank's reserves using the following information (figures in mln €): Average paid interest rate 6% Average earned interest rate 9% Staff cost 20 Loan from Central Bank ? Demand deposits Time deposits 100 600 Loans to clients 1000 Operative expenses 14 Incomes on commissions and services 40 Cash and reserves 300 200 Net foreign exchange gains 22 Required reserve rate for time deposits 10% Required reserve rate for demand deposits 20% Investments in securities Equity Fixed assets 800 400
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...
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can you please do this question that is about the bank
please if you can do it per 1 hour?
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