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3 years ago

6

Blue Ridge Bank has a PM of 12 percent, an interest income to total assets ratio of 6.00 percent, and a noninterest income to as

sets ratio of 1.50 percent. Blue Ridge also has $9 in assets per dollar in equity capital. Blue Ridge's ROE is

1 answer:

lakkis [162]3 years ago

5 0

Answer:

8.10 Percent

Explanation:

= 0.12 * (6% + 1.50%) * 9

= 8.10%

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If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

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<u>For example:</u>

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