How to increase ROA and ROE in a rural bank? Explain thoroughly
Q: ome limitations of internal controls?
A: Control Environment. The phrases "control environment" and "internal control environment" are…
Q: Explain how analytical procedures are useful in: (1) The risk assessment stage of the audit. (2) The…
A: As per standards on auditing (SA) 520 “Analytical Procedures“, The term “analytical procedures” mean…
Q: Additional Information: · The 10% bank note payable is Issued on January 1, 2025, payable…
A:
Q: A corporation purchases 1,000 shares of its own common stock for $4,000 on February 13. On April 13,…
A: Treasury stocks are the stocks which the company buys back from the already issued stocks from the…
Q: Kiro Corporation acquired a real estate located in Manila City at the beginning of 2020 for a total…
A: Comment- Multiple questions asked. Acquisition cost- The cost of acquiring a fixed asset, another…
Q: the beginning of current year, CFAS Company issued 50,000 shares of P10 par value for P113 per…
A: under the constructive retirement it is used when there is a function that share will not be…
Q: For managers speaking and writing skill is a vital necessity their environment is primary involved…
A: Answer:- Effective communication meaning:- The capacity to deliver knowledge to another person…
Q: Problem 1. Our company is considering investing $5 million in R+D for a new product. There is a 50%…
A: Part 1: Should we go ahead with R&D? The R&D cost is $5 millions. Even if the company is…
Q: Nicanor is a resident doctor of ABC Hospital. At the same time, he operates his own clinic. ABC…
A: Nicanor is resident doctor of ABC Hospital . He is employee of the…
Q: Marigold Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the…
A: Income Statement- An income statement is one of the three major fiscal statements used for dealing a…
Q: A company sold 8,000 units of its signature product for the calendar year ended December 31, 2020.…
A: The ending balance of Provision for warranty will be equal to beginning balance of Provision for…
Q: XYZ is evaluating whether to loosen its credit terms from 2/10, net 30 to 3/10, net 30. At present,…
A:
Q: Service volume for the coming budget year will be 10,000 units per week of service type 1 and 20,000…
A: Lets understand the basics. Gross revenue is revenue earned with out considering any bad debt. On…
Q: The following information pertains to Havana Corporation's defined benefit pension plart 2021 2022…
A:
Q: Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity…
A: Marginal Costing method is a system of accounting under which only variable production costs are…
Q: Maria and her two friends met up for dinner. They want to spllt dinner evenly between the friends…
A: Sales tax: Sales tax refers to the tax levied by government of country on disposal of goods and…
Q: Information on four investment proposals is given below: Investment Proposal A B C D…
A: Profitability Index: The profitability index, sometimes known as the PI, is a metric that may be…
Q: Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing…
A: Depreciation is the non-cash expense which is reported in the books in order to record the regular…
Q: EXERCISE 14A-6 Basic Present Value Concepts The Caldwell Herald newspaper reported the following…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: 1. Parent Company issued 75,000 new shares of its P5 par value ordinary shares valued at P12 per…
A:
Q: Nick’s Novelties, Incorporated, is considering the purchase of new electronic games to place in its…
A: Simple rate of return is calculated by dividing the Net operating income by the initial investment.…
Q: irections: THE EVENTS COMMON TO THE ACCOUNTING FUNCTION OF A BUSINESS ENTITY ARE LISTED BELOW. ON…
A: Introduction:- An accounting cycle is a process of recording, identifying, and analyzing accounting…
Q: Using the following accounts and balances, prepare the stockholders' equity section of the balance…
A: Stockholders' equity includes preferred stock common stock and paid-up capital in excess of par. It…
Q: B promised that he will deliver a house and lot for the partnership to use for its manufacturing…
A: The partnership act defines a relationship between two or more persons who agrees to share profits…
Q: The amount to be refunded to Mr. Gerry is:
A: Tax refund is paid to the taxpayer when there has been paid by the taxpayer during the year more…
Q: ENcel ter ons P9-18. As the bookkeeper of Rose Company of Drumheller, you received the bank state-…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Which of the following items has no effect on the Accumulated Adjustments Account (AAA) of an S…
A: Cost of goods sold- The cost of goods sold is the cost of producing the goods that a business sells.…
Q: A, B, C, D, and E are all partners. In their Articles of Partnership, it was stated that they will…
A: Honoring the board's power restrictions and using that power to help the organisation realise its…
Q: A. While examining the December 31, 2020 financial statements of Don Co., you discover the fol-…
A: 1) overstated opening inventory reduce net income, so we need to aad it back. 2) understated…
Q: Thank you, how did you get the Adjusted Production Volume Variance?
A: Production Volume Variance = It helps the businesses to assess their performance and how much they…
Q: find the outstanding of pepsi co for year 2019, 2020, 2021?
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: You are auditing Abra Inc's cash in bank for the year ended December 31, 2021. You assessed control…
A: The adjusted cash balance as per the bank book can be calculated by preparing the statement of proof…
Q: PROBLEM 14–25 Net Present Value Analysis of a Lease or Buy Decision LÔ14- The Riteway Ad Agency…
A: Solution: In order to determine, whether to go for purchase alternative or lease alternative, we…
Q: Leni Inc. is an all-equity firm. At the end of the current year, the CFO expects EBIT to be $10M,…
A: Market value: = Total number of shares × Market price per share
Q: Research about the meaning of the culture of an organization. Explain how it is related to building…
A: Meaning of culture in an organization : Culture is a value and belief that are followed by the…
Q: What is the principle under the Corporation Law that allows the court to identify the erring…
A: Corporation means a large company and group of companies authorized to act as a single entity.
Q: CFAS Company had the following shareholders' equity on January 1, 2022: Preference share capital,…
A: Note: As per our guidelines, only the first three subparts will be answered. 1. Amount charged to…
Q: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the…
A: Cash payments budget is one of the important budget prepared in business, which shows expected cash…
Q: On January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares. During the year,…
A: The treasury stock decreases the number of shares outstanding but issued shares remains constant.
Q: explain how you apply accounting in your personal life in reference to the following: 1. Give 3…
A: NET WORTH = TOTAL ASSETS - TOTAL LIABILITIES
Q: Richard Foster, an assistant auditor, was assigned to the year-end audit work of Sipher Corporation.…
A: In the given case, Richard Foster was assigned audit work of Sipher Corporation for which he was…
Q: B was an industrial partner. The Articles of Partnership required B that every week he will work for…
A: Partnership: It implies to a contractual agreement between two or more parties who agrees or gives…
Q: On December 31, 2019, A Company has accounts payable of P1,000,000 before possible adjustment for…
A: Under FOB destination, Goods are taken into inventory costing when goods are delivered to the buyer…
Q: On the part of the debtor, debt restructuring generally will result in Group of answer choices a.…
A: debt restructuring the process that can reduce the interest on the loan for extend the due date for…
Q: 1. A company was incorporated in 2020 and was authorized to issue 100,000 P100 par ordinary…
A: Shareholders Capital It is important that to prepare the shareholders equity section of the balance…
Q: On January 1, 2017, the Ilocos Norte Corporation purchased the business of its competitor in a…
A: The following calculation are needed to answer the given MCQ's: Asset Cost Life of Asset…
Q: In 2021. ABC Corp. borrowed money from the bank in the amount of Php 1 Million with an interest rate…
A: Interest is the income or expense on a loan given or borrowed by an entity. It is essentially the…
Q: 4. A business had always made a provision for doubtful debts at the rate of 4% of debtors. On 1…
A: Hi student Since there are multiple questions, we will answer only first question. Since first…
Q: ine at a cost of $70, ears and a salvage va ear asset, that Ben c , and that Ben purch
A: Given as, Cost of the Machine = $ 70,000 Salvage Value = $ 10,000
Q: In the course of your audit of the financial statements of Apayao Corp. for the period ended…
A: A Total Deposit in Transit on December 31 Total Deposits in Bank =637220 + 356080…
How to increase ROA and ROE in a rural bank? Explain thoroughly
Step by step
Solved in 3 steps
- Explain as to why people prefer to keep their savings in a bank though there are other opportunities where return on investment is higher than bank deposits.Do you think that removing the impediments to anationwide banking system will be beneficial to the economy? Explain.Which one of the following choice is not one of the ways to transfer savings to those in needs of funds? Direct transfer Indirect transfer using the investment banker Person to person lending Indirect transfers using the financial intermediary
- Bank channels funds from individuals with surplus to those desiring funds. Select one:TrueFalseHow can using personal financial planning tools help you improve your financial position? Please explain and give examples.1. A savings account should be used for your emergeney fund and your O Short-term savings goals O Long-term savings goals