1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zanzabum
3 years ago
7

A bank has total interest income of $62.736 million and total noninterest income of $10.077 million. This bank has total interes

t expenses of $22.065 million and total noninterest expenses (excluding PLL) of $23.858 million. Its provision for loan losses is $1.566 million and its taxes are $3.214 million. What is this bank's net noninterest income, to the nearest $0.001 million?
Business
1 answer:
nikitadnepr [17]3 years ago
5 0

Answer:

-$15.347

Explanation:

Calculation for What is this bank's net noninterest income

Using this formula

Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)

Let plug in the formula

Net noninterest income=$10.077-($23.858+$1.566,)

Net noninterest income=$10.077-$25.424

Net noninterest income=-$15.347

Therefore the bank's net noninterest income will be -$15.347

You might be interested in
Manuel borrowed a total of $4000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple i
hichkok12 [17]

Answer:

the principal amount at a rate of 4% is 2000

principal amount at a rate of 3.5% is 4000-2000 =2000

Explanation:

We have given total amount borrowed = $4000

Let x amount is borrowed at a rate of 4%

So $4000-x is borrowed at rate of 3.5%

Total interest = $150

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}

So \frac{x\times 4\times 1}{100}+\frac{(4000-x)\times 3.5\times 1}{100}=150

4x+14000-3.5x=15000

0.5 x=1000

x = 2000

So the principal amount at a rate of 4% is 2000

And principal amount at a rate of 3.5% is 4000-2000 =2000

7 0
3 years ago
What is the biggest attraction for business considering enganing in international business?
kvasek [131]
Option D. The size of the market

This is because they have an idea that with a larger market size the can gain economies of scale and make a larger profit.
3 0
3 years ago
Tendonitis is a condition that would most directly involved which two systems
Bess [88]

<span><span>Tendonitis is a condition that would most directly involved with: </span>skeletal system and muscular system.</span> The skeletal system comprises of bones and other connective tissues that give the body its form.It works in unison with the muscular system. The skeletal and muscular systems work together to allow movement.

4 0
3 years ago
Which of the following is true of an unsecured loan?
Ilya [14]

The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.

The unsecured loan is the type of loan in which there is no need for any type of collateral property.

The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.

Examples are:

  • Personal loans.
  • Students loans.
  • Credit cards.

The following information related to unsecured loans is

  1. It does not for cars, houses, or any other large purchases
  2. In this, the collateral does not involve.
  3. It contains high interest.

Therefore we can conclude that,  option d is correct.

Learn more about the unsecured loan here: brainly.com/question/8347317

7 0
3 years ago
Read 2 more answers
On January 1, 2017 the City of Graf pays $85,500 fora work of art to display in the local library. The city will take appropriat
Nookie1986 [14]

Answer:

Explanation:

The journal entries are shown below:

a. Artwork A/c Dr $85,500

        To Cash A/c                                       $85,500

(Being work is reported on the government-wide financial statements)

Depreciation Expense A/c Dr $5,700

        To Accumulated Depreciation A/c $5,700

(Being depreciation expense is recorded)

The depreciation expense is shown below:

= Original cost ÷ useful life

= $85,500 ÷ 15 years

= $5,700

b. Artwork expenditure A/c Dr  $85,500

           To Cash A/c  $85,500

(Being  work is reported on the fund financial statements

5 0
3 years ago
Other questions:
  • Suppose that $2000 is loaned at a rate of 11.5% , compounded semiannually. assuming that no payments are made, find the amount o
    8·1 answer
  • Which of the following is NOT a proactive hiring procedure? a. ​conducting background investigations on prospective employees b.
    12·1 answer
  • The following are the current? month's balances for ABC Financial? Services, Inc. before preparing the trial balance. Accounts P
    11·1 answer
  • max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay se
    5·1 answer
  • Which if the following would be debited to the equipment account
    15·2 answers
  • Harley-Davidson motorcycle owners, who pay a price premium for their motorbikes, have formed the Harley Owners Group (HOGs), who
    15·1 answer
  • Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the competit
    6·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    6·1 answer
  • Please subscribe to my mom channel please<br><br>​
    15·1 answer
  • If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ______ .
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!