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MariettaO [177]
3 years ago
7

A bank has an allowance for loan loss of $4.5m at the beginning of the year and $4.2m at the end of the year, non performing loa

ns of $6.2m at the beginning of the year and $5.8m at the end of the year, and has net charge offs of $2.7m in bad loans. what was the bank’s provision for loan loss for the year?
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

0.259

Explanation:

difference in loan loss allowance in the year= 4.5-4.2= 0.3m

difference in non performing loans in the year= 6.2-5.8= 0.4m

Provision for loan loss= (difference in loan loss allowance + difference in non performing loans)/ net charge offs

provision for loan loss= (0.3+0.4)/2.7=0.259

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What is the total dollar amount of personal and dependency exemptions which a married couple with two children (ages 11 and 14,
natima [27]

Answer:

total personal and dependency exemptions = $28,400

Explanation:

personal exemptions for a married couple filing jointly in 2019 = $24,400

child tax credit for children under 16 = $2,000 per child x 2 children = $4,000

*the child and dependent tax credit which covers up to $3,000 per child only applies for the 11 year old child, but we are not given any amount spent on child care, so the amount to be deducted is unknown.

8 0
3 years ago
Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b.
sveticcg [70]

Answer:

The correct answer is letter "B": An e-distributor offers fast delivery of a wide selection of products and services.

Explanation:

E-distributors are delivery companies that base their orders in electronic purchases made from a variety of goods and services. The main characteristic of these organizations is the speed in which the good or service can be shipped and is what may differentiate them from one another.

6 0
3 years ago
Speakers usually use a(n) ______________ outline as a rough draft they revisit and revise continually throughout the preparation
Nikitich [7]
<span>Speakers usually use a(n) rough draft outline or a preparation outline as a rough draft they revisit and revise continually throughout the preparation of their speeches.

The name of these outlines accurately describe their duty. They are the first stage in the process of developing and writing a clear and concise speech. These outlines help keep their topic on track and their speech organized. </span>
4 0
3 years ago
4.37.-On January 1st, Frank bought a used car for $72,000 and agreed to pay it as follows: ¼ down payment; the balance to be pai
Iteru [2.4K]

Answer:

$1,664.099

Explanation:

The amount that should be recognised by the Frank in respect of monthly payments to be made in respect of used car shall be determined using present value of annuity formula as follows:

Total amount to be paid= $72,000*3/4=$54,000

Total amount to be paid=Present value of annuity=R+R[(1-(1+i)^-n)/i]

Where

R=Equal monthly payment to be made=?

i=Interest rate compounded monthly=9/12=0.75%

n=number of payments involved=36

Present value of annuity= $54,000

$54,000=R+R[(1-(1+0.75%)^-36)/0.75%]

$54,000=R+R(31.45)

$54,000=R*32.45

R=$1,664.099=equal monthly payment

4 0
3 years ago
Creating a favorable impression and building trust with prospective customers is a critical part of the __________ step of perso
AnnyKZ [126]

Answer:

Approach

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Personal selling in the domain of finance involves the process in which customer are able to convinced about a products to buy them, it is usually utilized by sales person and it involves many steps . It should be noted that Creating a favorable impression and building trust with prospective customers is a critical part of the approach step of personal selling.

3 0
3 years ago
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