Calculate income tax payable by awash bank to erca

Reference no: EM132688728

Assume DKY Company has opened and maintained current account (Checking account) On Awash International Bank S.C. The company has borrowed a Loan amount of Birr 2,000,000,000 that will be paid in lump sum after one year at interest rate of 12% per annual.

Problem 1: Calculate total amount of cash Collected by Awash International Bank after a year.

Problem 2: Calculate Income tax payable by Awash Bank to ERCA on interest Income earned

Problem 3: Discuss the importance of setting financial goals & developing a saving plan

Reference no: EM132688728

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