The happy auto shop has following annual information gross, Ask an Expert

Finance

1) Assume that bank has= $10 billion of 1-year loans and $30 billion of 5 year loans. These are financed by= $35 billion of 1-year deposits and $5 billion of 5-year deposits. Bank has equity totalling= $2 billion and its return on equity is currently 12%. Evaluate what change in interest rate next year would lead to bank return on equity is being decrease to zero. Suppose that bank is subject to tax rate of= 30%.

2) "The Happy Auto shop has following annual information: gross sales= $700,000; net sales= $696,000; and gross profit= $448,000. What are the shop's returns and allowances and cost of goods sold?"

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9160549

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