Commercial Banking FIN 323 Dr. Mehdi MILI Associate Professor Department of Economics and Finance‚ CBA‚ University of Bahrain‚ Bahrain. 1 Academic year 2014-2015 Chapter 11 Liquidity and Reserves Management: Strategies and Policies 2 This chapter has a lot of theory that is not written in the slides‚ reading the book is essential. 3 Intro Key 1. 2. 3. 4. 5. 6. Topics: Sources of Demand for and Supply of Liquidity Why Financial Firms Have Liquidity Problems Liquidity Management Strategies
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flow of goods -Perishable items must have an actual physical flow of FIFO -Physical flow is focused on the actual movement of goods -Cost flow is an assumption about which goods/items are sold. -A business may adopt any cost flow assumption when accounting for perishable items. Determine cost of goods sold for X-mart‚ assuming that beginning inventory was $5‚000. Net purchases were $20‚000 and ending inventory was $9‚000. *Beginning inventory + Net purchases – Ending inventory = Cost of goods sold
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CASES Real World Case 5-1 Requirement 1 A bill and hold strategy accelerates the recognition of revenue. In this case‚ sales that would normally have occurred in 1998 were recorded in 1997. Assuming a positive gross profit on these sales‚ earnings in 1997 is inflated. Requirement 2 A customer would probably not be expected to pay for goods purchased using this bill and hold strategy until the goods were actually received. Receivables would therefore increase. Requirement 3 Sales that would
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CHAPTER 11 CORPORATIONS―AN INTRODUCTION Review Questions 1. “A corporation is an artificial person separate and distinct from its owners.” Briefly explain this statement. 2. Identify the types of relationships that can exist between a corporation and its shareholders. 3. What factors may influence the value of a corporation’s common share capital? 4. Identify two ways in which a shareholder can realize a return on a share investment. Describe the relationship between them.
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In chapter 11 of Corrections in America‚ the author explains the organization and basic functions of state prisons. This chapter outlines the state prison system. The author also explains the classification and assignment process in state prisons‚ the impact that politics and government policy have on corrections‚ and the impact that budgets have on correctional facility. Most institutions are short on money and personnel‚ and their environments are isolated both physically and philosophically
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In chapter 11‚ we learned about DNA and Genes (11.1DNA: The Molecule of Heredity; 11.2From DNA to Protein; 11.3Genetic changes). DNA (deoxyribonucleic acid)‚ which is in a shape called a double helix‚ developed its name from the simple sugar in DNA (deoxyribose). The phosphate group is composed of one atom of phosphorus surrounded by four oxygen atoms. A nitrogen base is a carbon ring structure that contains one or more atoms of nitrogen. Next to cover is DNA replication in which enzyme breaks
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Chapter 11 Questions to be graded: 5. Were the experimental and control groups similar in their type of feeding? Provide a rationale for your answer. Answer: Yes the experimental and control groups are similar in their feeding type because 40.6% in the experimental group decided to breast-feed‚ and 41.7% in the control group decided to breast-feed‚ that’s only 1.1% difference. 53.1% of the experimental group bottle-fed while 50.0% of the control group bottle-fed‚ a small 3.1% difference. Finally
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While reading Chapter 11‚ “Hearing”‚ I learned some pretty interesting things. Our ability to hear events that we can’t see serves an important signaling function for both animals and humans. For an animal living in the forest‚ the rustle of leaves or the snap of a twig may signal the approach of a predator. For humans‚ hearing provides signals such as the warning sound of a smoke alarm or an ambulance siren‚ the distinctive high indicate problems in a car engine. Hearing not only informs us about
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Chapter 11 Signal Sets Company contracts to deliver one hundred 52-inch plasma high-definition television sets to a new retail customer‚ Tuner TV Store‚ on May 1‚ with payment to be made on delivery. Signal tenders delivery in its own truck. Tuner’s manager notices that some of the cartons have scrape marks. Tuner’s owner phones Signal’s office and asks whether the sets might have been damaged as they were being loaded. Signal assures Tuner that the sets are in perfect condition. Tuner tenders
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Assuming that the purchase was originally bought on credit‚ demonstrate the required journal entry. -Account Payable DR: 50 -Merchandise inventory CR: 50 On June 5‚ X-mart purchased $400 of merchandise with terms of 2/10‚ n/30. If payment is made on June 11‚ calculate the purchase discount that may be taken by X-mart. 400*.02=$8 FOB destination: The seller is responsible for the shipping costs of merchandise sold. Sales Discounts:
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