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 $1,360,604.56, $744.79 $744.79, -$1,648.41 $1,224,544.10, $2,393.20 $2,393.20,-1,648.41 Image 8 $4,859,302.00 $3,498,697.44 8
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 $1,360,604.56, $744.79 $744.79, -$1,648.41 $1,224,544.10, $2,393.20 $2,393.20,-1,648.41 Image 8 $4,859,302.00 $3,498,697.44 8
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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Kl. 269.
![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
$1,360,604.56, $744.79
$744.79, -$1,648.41
A
$1,224,544.10, $2,393.20
$2,393.20, -1,648.41
Image 8
$4,859,302.00
$3,498,697.44
8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44848e06-09a0-41bd-943d-bed0d97baaf3%2Feec64af0-6ad0-442c-bddf-a50387a57c45%2Fnjflmjm_processed.png&w=3840&q=75)
Transcribed Image Text: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
$1,360,604.56, $744.79
$744.79, -$1,648.41
A
$1,224,544.10, $2,393.20
$2,393.20, -1,648.41
Image 8
$4,859,302.00
$3,498,697.44
8
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