please help me with this question asap, thank you! PART 2: Select 02 of the following 4
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please help me with this question asap, thank you!
PART 2: Select 02 of the following 4 calculations (2 points each) Calculation 1: Re-arrange the following items to prepare a balance sheet for Metropolitan Commercial Bank (you can add other items, such as other assets/ other liabilities/ equity, to the balance sheet, if appropriate. Assume these additional items are non-interest bearing). Items Value ($m) Interest rate Cash 150 Securities 800 6.5% Commercial loans 1800 9.0% Credit card loans 900 10.0% Loan loss reserve (200) Demand deposits 1200 0.1% MMDAS 1000 3% CDs 800 5.5% Small time deposits 880 4.5% Money market borrowings 100 2% Calculate total assets, total equity capital, and net interest income for the Metropolitan Commercial Bank. PART 2: Select 02 of the following 4 calculations (2 points each) Calculation 1: Re-arrange the following items to prepare a balance sheet for Metropolitan Commercial Bank (you can add other items, such as other assets/ other liabilities/ equity, to the balance sheet, if appropriate. Assume these additional items are non-interest bearing). Items Value ($m) Interest rate Cash 150 Securities 800 6.5% Commercial loans 1800 9.0% Credit card loans 900 10.0% Loan loss reserve (200) Demand deposits 1200 0.1% MMDAS 1000 3% CDs 800 5.5% Small time deposits 880 4.5% Money market borrowings 100 2% Calculate total assets, total equity capital, and net interest income for the Metropolitan Commercial Bank
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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