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1. Your firm's account analysis statement for treasury management products and services is shown below. Use this information to determine the following: A) The monthly
1. Your firm's account analysis statement for treasury management products and services is shown below. Use this information to determine the following: A) The monthly earnings credit B) The collected balance required for the earnings credit to meet the stated service charges Ledger Balance -$300,000 Deposit Float = $100,000 Earnings Credit Rate = 1.12% Days in Month - 30 days Reserve Requirement Ratio - 10% Service Charges = $300
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Auditing
Authors: Alan Millichamp, John Taylor
10th Edition
1408044080, 978-1408044087
