Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Written Assignment - Financial Statement Analysis
Based on the balance sheet and income statement provided for ABC Bank below, calculate the requested analysis values.
Balance Sheet (in millions)
Assets
Liabilities and Equity
Cash and due from banks
$ 5,000
Demand deposits
$ 18,000
Investment securities
25,000
NOW accounts
46,000
Repurchase agreements
32,000
Retail CDs
12,000
Loans (adjusted for losses)
36,000
Debentures
9,000
Fixed assets
Total liabilities
$ 85,000
Other assets
5,000
Common stock
15,000
Total assets
$ 115,000
Paid-in capital
10,000
Retained earnings
Total liabilities and equity
Income Statement (in millions)
Interest on fees and loans
$ 6,000
Interest on investment securities
3,000
Interest on repurchase agreements
4,000
Interest on deposits in banks
2,000
Total interest income
$ 15,000
Interest on debentures
Total interest expense
$ 8,000
Net interest income
7,000
Provision for loan losses
Noninterest income
Noninterest expenses
1,000
Income before taxes
$ 7,000
Taxes
Net income
$ 2,000
Garth purchased merchandise inventory costing $24,000 with credit terms of 2/10, net 30. Eight days after the purchase, Garth paid one-half of the outstanding obligation. The remaining amount was paid 30 days after the date of purchase.
Using the percentage-of-completion method of accounting for long-term contracts, the percentage of completion used to recognize gross profit in the first year usually is determined by measuring:
Prepare the Journal Entries in the General Journal, post Journal Entries to the General Ledge, prepare a Trial Balance
The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations: Create an income statement using full costing.
the married-joint tax brackets and the corporate tax brackets, find out how much current tax this strategy could save Orie and Jane
On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions.
Worcester Tool Company is a large, U.S.-based,multinational corporation with subsidiaries in eight different countries. The parent of Worcester provided an initial cash infusion to establish each subsidiary. Each subsidiary,however, has had to financ..
scribe the three factors that determine how much money you should set aside for short-term needs. How many months of living expenses does the article suggest to set aside?
preparing an income statementnbsp for forgetful insurance companybackground this project provides a set of annual
How do you work the problem PR23-3B Divisional income statements and rate of return on investment analysis from the textbook Financial & Man agerial Accounting 12 Edition by Warren* Reeve*Duchac.
Explain the risks and benefits associated with holding inventory - In the work-in-process inventory? In the finished goods inventory?
Knollwood Corporation issued $300,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. Illustrate what is the total interest cost of the bonds?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd