Total analysis charges last month for your firm were $2,393.20. During this same 30-day month, the earnings credit rate (ecr) was .74% and i was 10%. What is the value of the earned credit and the net analysis position? EC=CB*(1-RRR)* [ECR* (D/365)] Balance Information Average Ledger Balance Less: Average Float = Average Collected Balance Less: Reserve Requirement (10%) = Average Available Balance Earnings Credit Calculation Total Analysis Charges Value of Average Available Balances Net Analysis Position $4,859,302.00 $3,498,697.44

Total analysis charges last month for your firm were $2,393.20. During this same 30-day month, the earnings credit rate (ecr) was .74% and i was 10%. What is the value of the earned credit and the net analysis position? EC=CB(1-RRR) [ECR* (D/365)] Balance Information Average Ledger Balance Less: Average Float = Average Collected Balance Less: Reserve Requirement (10%) = Average Available Balance Earnings Credit Calculation Total Analysis Charges Value of Average Available Balances Net Analysis Position $4,859,302.00 $3,498,697.44

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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