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Setler [38]
2 years ago
6

Jay P Horgan Bank holds deposits of $700 million. The current market value of the bank's loans is $500 million. It also holds re

serves of $40 million and government bonds worth $100 million. What is the value of the bank's total liabilities?
$700 million

$540 million

$640 million

$800 million
Business
1 answer:
Viktor [21]2 years ago
8 0

Answer:

$700 million

Explanation:

From a bank's perspective, liabilities are the money it owes to customers. Customer deposits make up a big proposition of a bank's liabilities. Customer deposits held in the bank are liabilities because the money belongs to customers and not the bank.

The deposits of $700 are the liabilities. Reserves are a part of customer deposits that must be retained at the bank's custody at all times. Bonds are trading assets to the bank.

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Identify.

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The top management of the company asks earl to make use of a rating scale that will rate the employees' actual job behaviors. th
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ANSWER QUICKLY PLEASE: What do certifications show a potential employer? Answer in 3–4 sentences.
Nat2105 [25]

Answer: That you are qualified for the job role

Explanation:

Certifications allows an employees to show a current or future hiring manager that they possess the skill set and expertise needed for the job.

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3 0
3 years ago
On January 1, $5,000,000, 10-year, 10% bonds were issued at $5,200,000. Interest is paid annually each January 1. The straight-l
Mnenie [13.5K]

Answer:

$20,000 premium is amortized at the end of the first year.

Explanation:

Straight line amortization:

premium amortized = Premium / number of years

                                 = ($5,200,000 - $5,000,000) / 10 years

                                 = $200,000 premium / 10 years

                                 = $20,000

Therefore, $20,000 premium is amortized at the end of the first year.

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2 years ago
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horsena [70]

Answer:

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7 0
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