the bank has 10.5m in consumer loans, realestate loans 30.75m. pension fundcontribution 2.5m , commercial loans 17.25m.international loans 45.25m.and leases33.75m.the average interest earning is 4.5%7.5% 1% 9% 5.5% and 2.5% respectively. costof furniture 16m. recoveries 15m.miscellaneous fees and charges stemmingfrom other services sold to costumers 40m .interest on federal fund sold 33m. bankpremises 26m. security gain or lose (15) m.rent 31m. charge off loans 79m . cash in thevault 34m. interest on repurchase agreements24m . net loans 400m. interest on issuingcommercial paper 7m.other interest income111m. wages and salaries 21m. employeebenefits 15m. other expenses 77m. trustdeparting income 10m. provision for loanslosses 47m. financial planning interest 33m.taxes 30% . interest on check book 4m .interest on deposits 239m. what is the netincome after tax?

Net income refers to the gross income earned by an individual or a company before deducting taxes…

the bank has 10.5m in consumer loans, real estate loans 30.75m. pension fund contribution 2.5m , commercial loans 17.25m .international loans 45.25m.and leases 33.75m.the average interest earning is 4.5% 7.5% 1% 9% 5.5% and 2.5% respectively. cost of furniture 16m. recoveries 15m. miscellaneous fees and charges stemming from other services sold to costumers 40m . interest on federal fund sold 33m. bank

the bank has 10.5m in consumer loans, real estate loans 30.75m. pension fund contribution 2.5m , commercial loans 17.25m .international loans 45.25m.and leases 33.75m.the average interest earning is 4.5% 7.5% 1% 9% 5.5% and 2.5% respectively. cost of furniture 16m. recoveries 15m. miscellaneous fees and charges stemming from other services sold to costumers 40m . interest on federal fund sold 33m. bank

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Loans that are used to fill a gap in the time until a specific event occurs are called a. evergreen facilities b. bridge loans. c. term loans d. floor plans. If a bank has gross charge-offs of $25 for the current year, recoveries of $40, and provision for loan losses of $30, how much will the reserve for loan losses change? a. $45 b. $+15 c. none of the above. d. $-15 Which of the following is a non-installment loans? There may be more than one correct answer. a. term loan b. single payment loans c. bridge-loans d. closed-end leases The _____ ratio gives actual losses on loans, while the ______ ratio gives the extent to which the bank’s assets are devoted to loans. a. loss rate; capitalization b. loss rate; loan risk c. loan risk; loss rate d. operating efficiency; loan risk
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5. Find the average receivables
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vvk.1
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H3. Show proper step by step calculation
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