Answer:
$300,000
Explanation:
Data provided in the question;
Interest rate spread of the bank = 150 basis points
Earning assets funded by interest-bearing liabilities = $30 million
Now,
The new interest rate spread = 150 basis points - 50 basis points
or
The new interest rate spread = 100 bps
or
The new interest rate spread = 1%
Therefore,
the bank's new pretax net interest income will be
= $30 million × 1%
= $30,000,000 × 0.01
= $300,000
Answer:
b. Audit documentation provides the principal support for the audit opinion expressed by the auditor
Explanation:
Audit documentation is evidence tha the auditor has performed his or her duties as per law and a record of the procedures performed together with conclusions reached.
The audit documentation is a support to teh issues identified during auditing and the method used to resolve them, it is also the principal support to the opinion expressed by the auditor.
Answer: (D) Supply management
Explanation:
The supply management is the process of managing the resources for operating the business in an organization by providing the efficient information, budget and the products in an organization.
The main objective of the supply management is that managing all the business operations and also the products according to the customer needs.
The supply management also keeping the cost of the products and the services more stable and also effectively manage the profits of the business in an organization.
Therefore, Option (D) is correct.
Answer:
Explanation:
Safety Hire
Income statement for the Month of June 30,2019
particulars Amount ($) Amount($)
Equipment hire income $170,000
Total income 170,000
Less; Expenses
Wages expenses $75,000
Advertising Expense $30,000
Electricity $18,000
Telephone Expense $7,500
Total expenses $130,500
Net Income(Total Income-Total Expenses) $39,500
Answer: 2.7%
Explanation:
A risk premium simply means the investment return thstna particular asset will be expected to yield which is in excess of the assets risk-free rate of return.
The risk premium will be:
= Total return - Risk free rate
= 5.2% - 2.5%
= 2.7%
Therefore, the risk premium is 2.7%.
