A commercial bank has earning assets of $1 billion which earn an average rate of 7 percent. The assets are funded by interest bearing liabilities of $800 million which cost 4 percent. Noninterest income is $18,000,000 and noninterest expense is $28,000,000. No money is set aside for future charge offs. What is the net interest income for the bank? A. $70,000,000
B. $32,000,000
C. $38,000,000
D. $56,000,000
E. $40,000,000

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?