The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit
Cash $10,100
Accounts Receivable 131,000
Prepaid Rent 4,100
Supplies 20,500
Equipment 210,000
Accumulated Depreciation $116,000
Accounts Payable 10,100
Salaries Payable 9,100
Interest Payable 3,100
Notes Payable (due in two years) 21,000
Common Stock 110,000
Retained Earnings 41,000
Service Revenue 310,000
Salaries Expense 210,000
Rent Expense 10,500
Depreciation Expense 21,000
Interest Expense 3,100
Totals $620,300 $620,300

Required:
Prepare an income statement for the year ended December 31, 2018.

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.