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Gross Loans $300
Miscellaneous Assets $50
Deposits $390
Total Equity $50
Common Stock Par $5
Non-Deposit Borrowings $60
Investment Securities $150
Net Premises $40
Surplus $5
Allowance for Loan Losses $50
Deposits $390
Total Assets $500
Gross Premises $70
Given this information, what is this firm's Undivided Profits?
A) $50
B) $5
C) $10
D) $40
E) $450
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∙ 10y ago
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Credit unions differ from banks because they don't do what?
Seek to make profits
How banks get their profits?
Banks get their profits from the below actions:By charging customers for the services offered to them - Ex: Charges for fund transfers, Charges for account maintenance & opening etcBy getting interest from customers to whom loans are provided.
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
What are undivided profits?
Undivided profits is a term that refers to corporate earnings that have gathered over a period of time. For banks, the term means retained earnings.
What do you mean by surplus account?
A surplus account is the accumulation of undivided profits.
How do you calculate economic profits?
Profits = revenues - expenses
Credit unions differ from banks because they don't do what?
Seek to make profits
How banks get their profits?
Banks get their profits from the below actions:By charging customers for the services offered to them - Ex: Charges for fund transfers, Charges for account maintenance & opening etcBy getting interest from customers to whom loans are provided.
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
Calculate company profits?
Simply put, Income less expenses.
Which of the following most accurately describes what banks do with their excess reserves?
Banks use excess reserves to make loans to customers so that they can make profits on the interest.
When was Undivided Love created?
Undivided Love was created in 1996.
How do non-profits calculate cost of raising money?
Computer that use calculators.
How do you calculate credit loss ratio?
how do we calculate credit loss ratio in banks financials
