Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Lucrative Bank has three branches in Durham: Northgate (N). Downtown (D), and South Square (S). Matrix A shows the number of accounts of each

image text in transcribed
The Lucrative Bank has three branches in Durham: Northgate (N). Downtown (D), and South Square (S). Matrix A shows the number of accounts of each type--checking (c). savings (s), and market (m)-at each branch office on January 1 . A=NDSc400391523125612s10135875112187m51210597 Matrix B shows the number of accounts of each type at each branch that were opened during the first quarter, and matrix C shows the number of accounts closed during the first quarter. C=NDS235c56082414s1100189m3225 a.) Calculate the matrix representing the number of accounts of each type at each location at the end of the first quarter. b.) The sudden closing of a large textile plant has led bank analysts to estimate that all accounts will decline by 7% during the second quarter. Calculate a matrix that represents the anticipated number of each type of account at each branch at the end of the second quarter. Round fractions of accounts to integer values. c.) The bank president announces that at the end of the second quarter, the Lucrative Bank will merge with the Me D. Okra Bank, which has branches in the same locations as those of the Lucrative Bank. The accounts at each branch of the Me D. Okra Bank at the end of the second quarter are: Find the total number of accounts of each type at each branch of the bank formed by the merger of the two banks at the end of the second quarter. The Lucrative Bank has three branches in Durham: Northgate (N). Downtown (D), and South Square (S). Matrix A shows the number of accounts of each type--checking (c). savings (s), and market (m)-at each branch office on January 1 . A=NDSc400391523125612s10135875112187m51210597 Matrix B shows the number of accounts of each type at each branch that were opened during the first quarter, and matrix C shows the number of accounts closed during the first quarter. C=NDS235c56082414s1100189m3225 a.) Calculate the matrix representing the number of accounts of each type at each location at the end of the first quarter. b.) The sudden closing of a large textile plant has led bank analysts to estimate that all accounts will decline by 7% during the second quarter. Calculate a matrix that represents the anticipated number of each type of account at each branch at the end of the second quarter. Round fractions of accounts to integer values. c.) The bank president announces that at the end of the second quarter, the Lucrative Bank will merge with the Me D. Okra Bank, which has branches in the same locations as those of the Lucrative Bank. The accounts at each branch of the Me D. Okra Bank at the end of the second quarter are: Find the total number of accounts of each type at each branch of the bank formed by the merger of the two banks at the end of the second quarter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making WileyPLUS NextGen Card Single Semester

Authors: Paul D. Kimmel ,Jerry J. Weygandt ,Donald E. Kieso

10th Edition

1119791022, 978-1119791027

More Books

Students also viewed these Accounting questions