Determine the bank bottom- line net income

Assignment Help Financial Management

Reference no: EM131905853

Arrange the following items into an income statement. Label each item, place it in the appropriate category, and determine the bank's bottom- line net income.

a. Interest paid on time deposits under $ 100,000: $ 78,002

b. Interest paid on jumbo CDs: $ 101,000

c. Interest received on U. S. Treasury and agency securities: $ 44,500

d. Fees received on mortgage originations: $ 23,000

e. Dividends paid to stockholders of $ 0.50 per share for 5,000 shares

f. Provisions for loan losses: $ 18,000

g. Interest and fees on loans: $ 189,700

h. Interest paid on interest checking accounts: $ 33,500

i. Interest received on municipal bonds: $ 60,000

j. Employee salaries and benefits: $ 145,000

k. Purchase of a new computer system: $ 50,000

l. Service charge receipts from customer accounts: $ 41,000

m. Occupancy expense for bank building: $ 22,000

n. Taxes of 34 percent of taxable income are paid

o. Trust department income equals: $ 15,000

Reference no: EM131905853

Questions Cloud

Implement all the bytecode classes listed in the table : Implement ALL the ByteCode classes listed in the table on page. Be sure to create the correct abstractions for the bytecodes.

The overall average weight of bag of fertilizer : The overall average weight of a bag of fertilizer is ______________pound, and the average range is _________________pound.

How do you plan to manage quality on your project : What are ways in which to improve quality? Examine 2-3 quality management/project management strategies.

Should you knock and announce before making an arrest : Assume you are a police officer and have a warrant to arrest a parolee (who is on parole for robbery) for parole violation and possession of drug paraphernalia.

Determine the bank bottom- line net income : Label each item, place it in the appropriate category, and determine the bank's bottom- line net income.

Are the marijuana and the burglary tools admissible in court : You are a university police officer. X, a student, has just parked his car in a university parking lot. X gets out of the car.

Identify what can go wrong with financial reporting : In the role of a nonaccounting manager, you need to understand what your role is in the overall fair presentation of financial results.

Was y arrested or not justify answer : Y was stopped by a patrol officer one night and questioned for 20 minutes. In court during the trial, Y said he felt he was under arrest.

Has Jan committed attempted murder : Has Jan committed attempted murder if she decides to kill her sister and mentally works out the details of when, how, and where?

User Account

All Pages