2024 – Based on your reading in the textbook write your answers to the following questions in a Word
Accounts – 2024
Based on your reading in the textbook, write your answers to the following questions in a Word document and submit them to the Drop Box as explained below:
- Following is a list of accounts:
- Services charged on deposit accounts
- Retail CDs
- Surplus and paid-in capital
- Consumer loans
- Federal funds sold
- Interest on municipals
- NOW accounts
- Commercial letters of credit
- Leases
- Provision for loan losses
Your task is to classify each of these accounts into one of the following categories. (More than one account will go with some of the categories.)
- Assets
- Liabilities
- Equity
- Revenue
- Expense
- Off-balance-sheet activities
- Answer Problem # 7
Calculate the following from the information provided:
- Net Income
- Return on equity
- Return on assets
- Profit margin
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