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    Bank statement review/explain. See attached file for full problem description.

    © BrainMass Inc. brainmass.com March 4, 2021, 8:07 pm ad1c9bdddf
    https://brainmass.com/business/financial-statements/financial-analysis-145961

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    Financial Analysis

    Analysis
    The Bay Street Bank statement shows that it incurred operating loss of $90.6 million, which is more than last six months.
    Bay Street Bank
    Operating Results
    Six Months Ending June2009
    ($000s)
    Actual Six months Budgeted Six months Fav. (Unfav.) Six months Last year Six months
    Revenue
    Interest income
    Home Mortgage $431000 $443000 $(12000) $420000
    Car Loans 330000 375000 (45000) 345000
    Government securities 9000 14500 (5500) 45000
    Service charges 19000 28000 (9000) 25000
    Miscellaneous 1600 800 800 1700
    Total income $790600 $861300 $70700 $836700
    Expenses
    Interest on saving A/C $380000 $376500 $(3500) $370000
    Interest on CDs 175000 168000 (7000) 160000
    Interest on bonds 275200 279500 4300 270000
    Administration 51000 51000 0 52000
    Total Expenses $881200 $875000 $(6200) $852000
    Net Operating Surplus ...

    Solution Summary

    585 words response. APA

    $2.49

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