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kari74 [83]
3 years ago
8

Castle State Bank has the following financial information.

Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

Castle State Bank's equity multiplier is 2.2

Explanation:

Total Assets = $2,200

Total Liabilities and Equity = $2200

Net Loans = $1,200

Total Equity = $2,200 - $1,200 = $1,000

Equity multiplier = Total Assets / Total Shareholders Equity

Equity multiplier = 2,200 / $1,000

Equity multiplier = 2.2

Total Assets is equal to Total equity and Liabilities. Total equity and Liabilities includes the balance of Both equity and liabilities. Total equity is calculated by subtracting Total Loans from Total equity and Liabilities.

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Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),.
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3000* (1+ 0.06) (that little 1 at the corner there <)

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2 years ago
The Eccleston Company has the following budgeted sales: January $40,000, February $60,000, and March $50,000. 40% of the sales a
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Answer:

B) $50,000

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Month         total sales                $ collected                   outstanding credit

January      $40,000                 $16,000                                 $24,000

February    $60,000      $24,000 + $12,000                   $12,000 + $36,000          

March         $50,000   $20,000 + $12,000 + $18,000    $18,000 + $30,000

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Mann, Inc., has a bonus plan covering all employees. The total bonus is equal to 10% of Mann’s preliminary (prebonus, pretax) in
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Answer:

$12,500

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now we can replace:

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3 years ago
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