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irga5000 [103]
3 years ago
13

A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ mill

ion. if the bank’s assets increase by 10% and its liabilities do not change, its capital increases by ____________ .
Business
1 answer:
ElenaW [278]3 years ago
8 0
Hi there

We know that the formula of the balance sheet is
Assets=liabilities+capital
So we want to find the amount of capital the formula is
Capital=assets-liabilities

The first answer is
Capital=190million−150million=40million...answer

The second answer
if the bank’s assets increase by 10% and its liabilities do not change
The amount of assets is
190+190×0.1=209million
And the amount of capital is
Capital=209−150=59million

capital increases by
59-40=19million. ..answer

Good luck!
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Answer: e. 8.61%

Explanation:

This is a perpetual bond so the price is calculable by;

Price = Coupon / Yield to Maturity

Coupon = 7.75% * 1,000

= $77.50

900 = 77.50/ YTM

900 * YTM = 77.50

YTM = 77.50/900

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5. Successive US administrations have accused the Chinese government of manipulating their currency (Yuan) to
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5 0
1 year ago
Which section of a proposal identifies the problem and discusses the goals of the project?
gladu [14]

Answer:

Background, problem, and purpose

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3 years ago
describe one type of educational grant (not a scholarship or loan) you might be eligible to receive after completing the FAFSA?
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7 0
3 years ago
AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, th
mixer [17]

Answer:

AccuBlade Castings Inc.

Casting Department

a. Journal Entries for:

1. The materials charged to production:

Debit WIP $350,000

Credit Raw materials $350,000

To record the cost of materials charged to production.

2. The conversion costs charged to production:

Debit WIP $49,600

Credit Direct Labor $19,840

Credit Manufacturing overhead $29,760

3. Debit Machining Department $402,827

Credit WIP $402,827

To record the transfer of completed units to the machining department.

b. Work-in-Process - Casting Department balance = $29,616

c. The change in the costs per equivalent unit for direct materials and conversion from April:

                                                 Direct Materials              Conversion

April cost per equivalent unit        $132.00                    $18.00

May cost per equivalent unit         $139.33                    $19.89

Change in cost per equivalent unit  $7.33 increase       $1.89 increase

The cost per equivalent unit increased in both direct materials and conversion for May when compared to April's.

Explanation:

a) Data and Calculations:

                         Units

Beginning WIP    230

Started             2,500

Transferred     2,530

Ending WIP        200

Equivalent units of production:

                         Units  Direct Materials  Conversion

Transferred  2,530       2,530 (100%)    2,530 (100%)

Ending WIP     200           200 (100%)         88 (44%)

Total equivalent unit    2,730                 2,618  

Cost of production:

                       Direct Materials             Conversion               Total

Beginning WIP$30,360 (230*$132)   $2,484 (230*60%*$18)  $32,844

Started           350,000 (2,500*$140) 49,600 (2,500*$19.44) 399,600

Total costs    $380,360                    $52,084                         $432,444

Cost per equivalent unit:

                                   Direct Materials      Conversion

Total costs                        $380,360            $52,084

Equivalent units                   2,730                 2,618

Cost per equivalent unit   $139.33              $19.89

Allocation of production costs:

                                       Direct Materials                Conversion              Total

Units transferred out  $352,505(2,530*$139.33) $50,322 (2,530*$19.89) $402,827

Ending WIp                      27,866(200*$139.33)        $1,750 (88*$19.89) $29,616

Total costs                  $380,371                             $52,072                    $432,443

7 0
3 years ago
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