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QUESTION 10 Keele Bank's lending provisions (for bad and doubtful debt) in its balance sheet as at the 1/1/2018 is $87.6 million. Keele Bank predicts
QUESTION 10 Keele Bank's lending provisions (for bad and doubtful debt) in its balance sheet as at the 1/1/2018 is $87.6 million. Keele Bank predicts that $36.8 million of its existing pool of loans will be written off throughout 2018. Assuming that keele Bank's prediction is correct, what charge for bad and doubtful debts is required in 2018 to bring the lending provisions to a desired level of $100 million at the end of 2018? Express your result in Smillions. You must not type 5 sign or comas. You must round your result to ONE decimal when your answer is expressed in $millions. If your result is $10.530 million, you will be required to type 10.5
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