The following data are provided by Coach Sarah Company: Assets at book value P750,000 Assets at net realizable value 525,000 Fully secured mortgage 300,000 Unsecured accounts and notes payable 350,000 Unrecorded liabilities: Interest on bank notes 2,500 Estimated cost of administering estate 30,000 What is the estimated deficienc
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The following data are provided by Coach Sarah Company:
Assets at book value
P750,000
Assets at net realizable value
525,000
Fully secured mortgage
300,000
Unsecured accounts and notes payable
350,000
Unrecorded liabilities:
Interest on bank notes
2,500
Estimated cost of administering estate
30,000
What is the estimated deficiency?
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Solved in 3 steps
- The following data are provided by Coach Sarah Company:Assets at book valueP750,000Assets at net realizable value525,000Fully secured mortgage300,000Unsecured accounts and notes payable350,000Unrecorded liabilities:Interest on bank notes2,500Estimated cost of administering estate30,000What is the estimated deficiency?No need to put parenthesis.Consider the following bank balance sheet and the associated yields for earning assets and costs of liabilities. Assets Amount (000). Rate cash 400. 0% securitie 1600. 6.5% commercial loans 4000 9.0% credit card loans 3300. 10.0% loss reserves. 200 other assets 500 total assets. 10,000 Liabilities and equity Demand deposits. 1600 MMDAs. 3600 6.0% CDs. 2600 6.5% ST deposits. 1360. 5.0% Deferret tax credit. 200 Equity 640 total. 10000 Assume that net charge-offs $44,000 cash taxes paid $78,000 and allocated risk capital is $550,000 with a capital charge of 6 percent. determine : a) Calculate and show the bank income statement.Assume a bank has the following balance sheet. Determine the 2-year GAP. AssetAmount LiabilityAmountCash$100 90-day CDs$1006-month Gbonds$400 360-day CDs$200 2-yearcommercialloans$400 Time Deposits 2- year $900 5-year fixedrate loans$500 Stockholder’s equity$200 Total$1,400 Total$1,400 GAP = (RSA2 yr – RSL2 yr) 0 -$100 -$200 -$300 -$800
- Use the following information for the following questions: Smooth Pass Corp. has three sources of borrowings in an accounting period: Outstanding Liabilities Interest Change Seven-year loan 8,000,000 1,000,000 25-year loan 12,000,000 1,000,000 Bank overdraft 4,000,000 600,000 QUESTIONS: If all of the borrowing are used to finance the production of a qualifying asset, but none of the borrowings relate to a specific qualifying asset, what is the capitalization rate? a. 9.67% b. 10%. c.10.83% d.11.33 % 2. If the seven-year loan is an amount which can be specifically identified with a qualifying asset, what is capitalization rate? a. 9.67%. b. 10%. c. 10.83% d. 11.33%The following is the book value of the assets of a bank: Asset Book Value (in millions) U.S. Treasury securities $ 50 Municipal general obligation bonds 50 Residential mortgages 400 Commercial loans 200 Total book value $700 a. Calculate the credit risk-weighted assets using the following information: Asset Risk Weight U.S. Treasury securities 0% Municipal general obligation bonds 20 Residential mortgages 50 Commercial loans 100 b. What is the minimum core capital requirement? What is the minimum total capital requirement?Calculate the proprietary ratio from the following information: Fixed Assets 12,80,000 Current Assets 7,20,000 8% Debentures 5,60,000 10% Mortgage loan 3,30,000 Bank overdraft2,20,000 Trade payabletrade 1,90,000
- QUESTION Imagine that Hazim Islamic bank, has the following asset and financial details: Balance Sheet Items RM (million) Risk weightage BNM statutory reserve 20 0% Malaysian government securities (MGS) and treasury bills 60 0% Placement with discount houses 30 10% Amounts owed by banking institutions 50 20% House financing secured by first charge on residential property 120 50% Financing and advances provided to commercial customers 400 100% Off-balance sheet items RM (million) Credit Conversion Factor Risk weightage House financing sold to Cagamas with recourse 60 100% 50% Performance sukuk for commercial customers 20 50% 100% Letters of credit for commercial customers 70 20% 100% Capital RM (million) Paid up ordinary shares 30 Share premium 5 Retained profits 10 Subordinated term debt 14 Revaluation reserve 4…Nearby Bank has the following balance sheet (in millions): Assets Liabilities and Equity Cash $60 Demand deposits $140 5-year T notes $60 1-year CD $160 30-year mortgages $200 Equity $20 Total Assets $320 Total L and E $320 What is the maturity gap for Nearby Bank?Assume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman Z
- Consider the following repricing buckets: Repricing Bucket Assets Liabilities 1 day $100,000 $240,000 1 day to 3 months $200,000 $140,000 3 to 6 months $200,000 $200,000 6 to 12 months $500,000 $160,000 1 to 5 years $150,000 $260,000 Over 5 years $50,000 $200,000 What is the change in the bank’s future net interest income if the average rate change for assets and liabilities that can be repriced within 12 months is an decrease of 1%? Round your final answer to 2 decimal places. E.g. if the final answer is -$3,590 , type -3,590 in the answer box. If the final answer is $3,590 , type 3,590 in the answer box (i.e do not type the dollar sign) .I'm studying for a test and I want to know how to do each question for it, can you walk me through step by step how to solve this one? The following data concern XYZ Corporation for 2018:Bad debts expense for the year 11,000Accounts receivable—December 31, 2018 235,000Credit sales during the yearAllowance for doubtful accounts—December 31, 20181,600,00018,000 Calculate the net realizable value of the accounts receivable.a bank has a commercial loan portfolio of $50 million dollars. based on historic trend analysis it estimatesthat 50% of outstanding principal is not paid back. the bank determines 7% is the optimal interest rate tocharge on consumer loans. Based on the optimal interest rate and the estimate for loan losses what willcharge on its commercial loans to offset its expected loan losses? show your answer to four decimalplaces in a numeric format (if answer is 9.75% enter is .0975).