Buckeye National Bank 1. a) PDOR- Est. MOH/Est. Act. (Total indirect costs/total value of checks processed) $2‚850‚000/$95‚000‚000= $0.03 per dollar processed. b) (i) Retail Line—(Value of checks processed X cost per dollar processed) $9‚500‚000 X $0.03= $285‚000 (ii) Business Line $85‚500‚000 X $0.03= $2‚565‚000 The allocations are driven by the dollar value of the checks processed. c) (i) Total indirect cost proportion for Retail Line (Allocation amount/Est. MOH) $285‚000/$2
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INTRODUCTION The National Bank of Pakistan is a Commercial Bank and transacts all types of Banking Business. The National Bank of Pakistan was established on November 29‚ 1949 as a semi public commercial bank. The Bank has the distinction of acting agent of the State Bank of Pakistan and operates treasuries where the State Bank of Pakistan does not have any office. The Head Office of the Bank is at Karachi. Ever since its establishment in 1949 it has been leading Commercial Bank of the nation‚ sole
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I. NATIONAL BANK OF BORNEO II. COMPANY BACKGROUND National Bank of Borneo is one of local banks in Brunei. Its establishment was indebted to Mr. Khoo Teck Puat the father of the detained Khoo Ban Hock. Mr. Khoo Teck Puat is a son of a rich trader‚ who in 1933 merged several banks together to form Singapore’s biggest‚ OCBC or Overseas- Chinese Banking Corporation. After his impeded rise in the position‚ he left and went to Malaysia. In Malaysia he founded Malayan Banking and very rapidly he was
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DBQ Essay Before Alexander’s proposal for a National Bank‚ the United States had no place where to store and save their money. The country didnt have a stable economy and needed improvemt in handling the financial business of the United States. By establishing a national bank‚ the country woould be able to establish financial order‚ clarity and precedence in and of the newly formed Unted States. It will also establish credidt‚ both in country and overseas‚ for the new nation. And finally it was
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Buckeye National Bank 1. Under the traditional (old) cost system: a. Compute the single indirect cost allocation rate that the bank would use to allocate the total indirect costs presented in Exhibit B. (Total indirect costs/total value of checks processed‚ in thousands) $2‚850 / $95‚000 = $0.03 b. Use your answer to part A to determine the total annual indirect cost assigned to: i. The retail customer line (Value of checks processed X cost per dollar processed‚ in thousands)‚ and $9‚500 * $0.03
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One case from Brunei concerns Khoo Teck Phuat and his son Khoo Ban Hock. The latter was managing director of NBB w. Under his charge‚ the bank loaned more than Brunei $1 billion (which is equivalent to Singapore $1 billion) to companies controlled by his father. These loans were undocumented and unsecured. It was claimed that these offences under Brunei banking laws by Khoo Ban Hock were committed under the control and his direction of his father. When this dishonesty was discovered‚ the younger
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IT helps Australian bank achieve carbon-neutrality National Australia Bank has adopted tri-generation‚ private cloud‚ modular data centres National Australia Bank (NAB)‚ one of Australia’s big four banks‚ has detailed how changes to its data centres helped the organisation to become carbon neutral in a white paper (PDF) issued by the Open Data Center Alliance. The bank says it has been carbon neutral since 2010‚ thanks in large part to work on its data centres‚ which account for 43% of all energy
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Activity Based Costing in the Service Sector: The Buckeye National Bank 1. a) single indirect cost allocation rate: total indirect costs/total amount of checks processed $2‚850‚000/$95‚000‚000 = $0.03 per dollar processed b) total annual indirect cost assigned to the retail customer line and the business customer line: amount of checks processed x allocation rate = total indirect costs $9‚500‚000 x $0.03 = $285‚000 (retail customers) $85‚500‚000 x $0.03 = $2‚565‚000 (business customers)
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The National Bank of Kuwait Bennacef Arafet Group : 3 ( sophomore) 1) Since the development of the new ERP SHOROUQ system in NBK‚ the company has been changed essentially. The new system was originally developed according to the group’s mission to establish a leadership position across the region. This is why an IT transformation project including a full revamp of the core systems and associated decision support tools with more focus towards Business Intelligence (BI) was urgent and pertinent
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Problem I: 1. Yes‚ the First Student Bank should comply with the risk-based capital rules. This is because‚ these rules is mandatory for financial banking and non-banking institutions and is supervised by the Federal Reserve. 2. The common equity capital of First Student Bank is $5‚000‚000. Tier 1 Capital = Common Equity + Non-cumulative Perpetual Preferred Stock Tier 1 Capital = 5‚000‚000 + 5‚000‚000 = $10‚000‚000 3. Total Capital = Tier 1 Capital + Tier 2 Capital Total Capital = 10‚000‚000
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