II Analytical 3. Suppose on Monday a person deposits $800 in a Friendly Bank out of $1000 the person holds. In this case, the following would be the balance sheet of The Friendly Bank. Now suppose the bank desires reserve-deposit ratio are 0.25. Show the bank's balance sheet, the Balance Sheet on Monday M2 $800 D R RL R Assets R L monetary base, and the money supply for Tuesday and Wednesday. Balance Sheet on Tuesday M2 Assets D Assets Liabilities $ Balance Sheet on Wednesday $ $ D $800 Liabilities Liabilities $ $1000 SA M2 MB $1000 MB MB

II Analytical 3. Suppose on Monday a person deposits $800 in a Friendly Bank out of $1000 the person holds. In this case, the following would be the balance sheet of The Friendly Bank. Now suppose the bank desires reserve-deposit ratio are 0.25. Show the bank's balance sheet, the Balance Sheet on Monday M2 $800 D R RL R Assets R L monetary base, and the money supply for Tuesday and Wednesday. Balance Sheet on Tuesday M2 Assets D Assets Liabilities $ Balance Sheet on Wednesday $ $ D $800 Liabilities Liabilities $ $1000 SA M2 MB $1000 MB MB

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that a bank receives a deposit of $1,000 in cash, puts aside $200 as required reserves, and makes a loan of $800, these transactions imply that: the money multiplier is 10. the money multiplier is 5. the money multiplier is 4. the money multiplier is 2. the money multiplier is 2.
Problem Solving. 1. Assuming the following information for Uno Company: bank balance P65,000; book balance ? ; deposit in transit P11,000; outstanding check P10,000; credit memo P2,000; and debit memo P500. How much is the adjusted bank balance?
E4.16 Consider the following table with sample data. BANK ACCOUNTS TABLE AccountID АсcountType CurrentBalance AccountHolderID AccountHolderName A111 Checking $1,000.00 C11 Joe Smith C222 Sue Smith A222 Checking S2,000.00 C333 Mary Moore A333 Money Market $15,000.00 C444 Pat Clark C555 Lisa Clark C666 Timmy Clark A444 Savings $3,000.00 C111 Joe Smith C222 Sue Smith E4.16a Normalize the Bank Accounts Table to 1NF by increasing the number of records in the existing table. E4.16b Normalize the Bank Accounts Table to 1NF by creating a new separate table in addition to the existing table.
A bank developed a model for predicting the average checking and savings account balance as balance = -18,339 +348 x age + 1,230 x years education + 0.114 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 26 years old, is a college graduate (so that years education = 16), and has a household wealth of $190,000. What is the predicted bank balance? a. The number -18,339 The number 348 The number 1,230 The number 0.114
IV. Direction: Determine if the bank transaction is to be shown on the debit side or credit side of bankstatement. Write DEBIT or CREDIT on the blank before the number. __________1. NSF check.__________2. Interest on depositor’s account.__________3. Cancelled check.__________4. Deposits made by depositor.__________5. Check booklet fee.__________6. Payment made by debtor to the account of depositor.__________7. Notes collected by bank for the account of depositor.__________8. Bank service charge.__________9. Check from customer honored by bank._________10. Check issued by depositor honored by bank
Use the information from the attached image to answer questions 10 – 14. This is Mason's monthly bank statement and check register. What is the ending balance on the statement? Answers A. $1,352.61 B. $1,257.23 C. $1,241.66 D. $747.61 Question11. What is the total of the outstanding deposits? Answers A. $20 B. $625 C. $605 D. $8 Question12. What is the total of the outstanding withdrawals? Answers A. $130.95 B. $87.38 C. $8.00 D. $43.57 Question13. What is the revised statement balance? Answers A. $1,241.66 B. $1,277.23 C. $1,233.66 D. $1,352.61 Question14. What is the revised balance of the check register? Answers A. $1,198.09 B. $1,257.23 C. $1,233.66 D. $1,291.66
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Q1- A. What is a bank reconciliation and why is it important for companies to do it periodically? B. Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of SR10,000. Cash account of SR7,500. Additional information for the reconciliation: Deposit in transit. NSF Check. Outstanding check. Collections made by the bank. Required: provide an amount of each information to bring the adjusted balances to be equal.
Assume internet rate is 2%. If $1602 is put in bank on 5-8-18 and stays in bank earning interest until 3-8-21, how much money is in the bank?
You have a checking account and a savings account at a credit union. Your checking account has a constant balance of $500. The table shows the total balance of the accounts over time. Total Year, t balance $2500 1 $2540 2 $2580.80 $2622.42 4 $2664.86 $2708.16 a. Write a function m that represents the balance of your savings account after t years. m(t) b. Write a function B that represents the total balance of the two accounts after t years. B(t) =