In Ghana, the problem of financial distress of banks is not new.
In 2000, two banks (Bank for Housing and Construction and the Ghana
Co-Operative Bank) were liquidated. On Monday 14 August 2017, there
was a breaking news of the collapse of two banks (Capital Bank and
UT Bank) with the third (UniBank) receiving special attention from
the Central Bank with the appointment of KPMG as Official
Administrators following UniBank’s insolvency. In almost a year
later, the Central Bank revoked the license of five insolvent banks
( Unibank, Royal bank, Sovereign bank, Beige bank and Construction
bank) to form a new Consolidated bank owned by government. The
number of banks failure is a concern to all stakeholders in the
Ghanaian banking Industry.
Required: Answer the following questions from the above
preamble.
a) Explain the term Bank Failure.
b) Explain three determinants of possible bank financial distress
that could cause bank failure.
c) Discuss two economic implications of bank failure.
In: Finance
As a red giant, the Sun’s luminosity will be about 2000 times greater than it is now. Calculate the surface temperature of the Earth under these conditions assuming that the Earth is still at 1 AU and that the photosphere of the sun is well within 1 AU.
the answer should be about 1900 K but im not sure what am i getting wrong in my calculations, please help!
In: Physics
Background
An American College conducted a study in the early 2000 to examine if there were any gender pay gaps[1] in its four schools: Business, Health, Liberal Studies and Sciences. Data were collected of a sample of 199 academics on their annual salary, years of service, rank, school, gender and age. The data file: Faculty Salary (Research Report Dataset).xlsx is available on Blackboard. A small portion of the data is shown below:
|
Faculty ID |
Age |
Years of Service |
Rank |
School |
Gender M/F |
Salary ($/year) |
||
|
1 |
49 |
22 |
ASST |
BUSINESS |
F |
106632 |
||
|
2 |
31 |
0 |
ASST |
BUSINESS |
F |
80000 |
||
|
3 |
34 |
2 |
ASST |
BUSINESS |
F |
114666 |
||
|
… |
… |
… |
… |
… |
… |
… |
||
Legend: There are three academic ranks in the dataset: ASST, ASSO and PROF, which stand for Assistant Professor, Associate Professor and Professor respectively.
Task 1 (Boxplots and t-tests)
(a) Construct separate boxplots of salaries for male and female academics, and compare their distributions (central location, spread and skewness).
(b) Test if male academics on average earn more than their female counterparts at 1%.
(1 mark)
(a) Considering assistant professors only, test if male assistant professors on average earn more than female assistant professors at 1%.
(1 mark)
(b) Considering associate professors only, test if male associate professors on average earn more than female associate professors at 1%.
(1 mark)
(c) Considering professors only, test if male professors on average earn more than female professors at 1%.
(1 mark)
| Faculty ID | Age | Years of Service | Rank | School | Gender M/F | Salary ($/year) |
| 1 | 49 | 22 | ASST | BUSINESS | F | 106632 |
| 2 | 31 | 0 | ASST | BUSINESS | F | 80000 |
| 3 | 34 | 2 | ASST | BUSINESS | F | 114666 |
| 4 | 34 | 0 | ASST | BUSINESS | F | 112000 |
| 5 | 41 | 6 | ASSO | BUSINESS | F | 119962 |
| 6 | 28 | 0 | ASST | BUSINESS | F | 110000 |
| 7 | 58 | 23 | ASSO | LIBERAL STUDIES | F | 94376 |
| 8 | 52 | 22 | ASST | LIBERAL STUDIES | F | 83506 |
| 9 | 35 | 6 | ASSO | LIBERAL STUDIES | F | 81124 |
| 10 | 37 | 7 | ASSO | LIBERAL STUDIES | F | 75116 |
| 11 | 42 | 7 | ASSO | LIBERAL STUDIES | F | 83568 |
| 12 | 30 | 3 | ASST | LIBERAL STUDIES | F | 66958 |
| 13 | 57 | 23 | PROF | LIBERAL STUDIES | F | 111758 |
| 14 | 53 | 23 | PROF | LIBERAL STUDIES | F | 110750 |
| 15 | 26 | 0 | ASST | LIBERAL STUDIES | F | 74000 |
| 16 | 59 | 30 | ASST | LIBERAL STUDIES | F | 98926 |
| 17 | 39 | 4 | ASST | LIBERAL STUDIES | F | 66190 |
| 18 | 51 | 19 | ASSO | LIBERAL STUDIES | F | 95138 |
| 19 | 38 | 4 | ASST | LIBERAL STUDIES | F | 66190 |
| 20 | 54 | 21 | ASSO | LIBERAL STUDIES | F | 84870 |
| 21 | 43 | 17 | ASSO | LIBERAL STUDIES | F | 78460 |
| 22 | 35 | 0 | ASST | LIBERAL STUDIES | F | 56700 |
| 23 | 31 | 3 | ASST | LIBERAL STUDIES | F | 63666 |
| 24 | 41 | 6 | ASSO | LIBERAL STUDIES | F | 76908 |
| 25 | 31 | 1 | ASST | LIBERAL STUDIES | F | 62776 |
| 26 | 56 | 21 | PROF | LIBERAL STUDIES | F | 105900 |
| 27 | 43 | 18 | ASSO | LIBERAL STUDIES | F | 90310 |
| 28 | 48 | 20 | ASSO | LIBERAL STUDIES | F | 92424 |
| 29 | 49 | 21 | ASST | HEALTH | F | 95386 |
| 30 | 49 | 17 | ASSO | HEALTH | F | 87098 |
| 31 | 40 | 7 | ASSO | HEALTH | F | 74218 |
| 32 | 32 | 1 | ASST | HEALTH | F | 64800 |
| 33 | 37 | 4 | ASST | HEALTH | F | 71314 |
| 34 | 54 | 24 | PROF | HEALTH | F | 110770 |
| 35 | 32 | 3 | ASST | HEALTH | F | 66924 |
| 36 | 38 | 7 | ASSO | HEALTH | F | 74410 |
| 37 | 34 | 6 | ASST | HEALTH | F | 65700 |
| 38 | 28 | 3 | ASST | HEALTH | F | 70218 |
| 39 | 26 | 1 | ASST | HEALTH | F | 76900 |
| 40 | 35 | 2 | ASST | HEALTH | F | 70210 |
| 41 | 33 | 2 | ASST | HEALTH | F | 71088 |
| 42 | 40 | 8 | ASSO | SCIENCES | F | 78484 |
| 43 | 35 | 1 | ASST | SCIENCES | F | 66906 |
| 44 | 36 | 3 | ASST | SCIENCES | F | 69112 |
| 45 | 32 | 3 | ASST | SCIENCES | F | 71088 |
| 46 | 29 | 2 | ASST | SCIENCES | F | 73180 |
| 47 | 43 | 12 | ASST | SCIENCES | F | 82330 |
| 48 | 37 | 5 | ASST | SCIENCES | F | 70210 |
| 49 | 34 | 7 | ASSO | SCIENCES | F | 81432 |
| 50 | 34 | 8 | ASST | SCIENCES | F | 73332 |
| 51 | 35 | 9 | ASST | SCIENCES | F | 67200 |
| 52 | 41 | 6 | ASST | SCIENCES | F | 67328 |
| 53 | 39 | 11 | ASST | SCIENCES | F | 79646 |
| 54 | 44 | 17 | ASSO | SCIENCES | F | 98104 |
| 55 | 46 | 12 | ASST | SCIENCES | F | 73154 |
| 56 | 42 | 11 | ASST | SCIENCES | F | 68878 |
| 57 | 36 | 1 | ASSO | SCIENCES | F | 81000 |
| 58 | 43 | 18 | ASST | SCIENCES | F | 82190 |
| 59 | 51 | 19 | ASST | SCIENCES | F | 81286 |
| 60 | 51 | 16 | ASSO | SCIENCES | F | 87940 |
| 61 | 54 | 19 | ASST | SCIENCES | F | 85498 |
| 62 | 45 | 10 | ASST | SCIENCES | F | 72406 |
| 63 | 38 | 11 | ASSO | SCIENCES | F | 85848 |
| 64 | 39 | 8 | ASST | SCIENCES | F | 74332 |
| 65 | 50 | 19 | ASST | SCIENCES | F | 83946 |
| 66 | 33 | 2 | ASST | SCIENCES | F | 73180 |
| 67 | 44 | 11 | PROF | BUSINESS | M | 128750 |
| 68 | 37 | 7 | ASSO | BUSINESS | M | 127002 |
| 69 | 37 | 6 | ASSO | BUSINESS | M | 118852 |
| 70 | 45 | 20 | ASSO | BUSINESS | M | 98116 |
| 71 | 34 | 4 | PROF | BUSINESS | M | 189938 |
| 72 | 47 | 21 | ASST | BUSINESS | M | 109524 |
| 73 | 36 | 9 | ASSO | BUSINESS | M | 111032 |
| 74 | 44 | 18 | ASSO | BUSINESS | M | 91864 |
| 75 | 40 | 11 | ASSO | BUSINESS | M | 113742 |
| 76 | 31 | 5 | ASST | BUSINESS | M | 121770 |
| 77 | 29 | 2 | PROF | BUSINESS | M | 167266 |
| 78 | 37 | 2 | ASST | BUSINESS | M | 116000 |
| 79 | 40 | 14 | ASST | BUSINESS | M | 82550 |
| 80 | 44 | 10 | PROF | BUSINESS | M | 127282 |
| 81 | 45 | 17 | ASST | BUSINESS | M | 100212 |
| 82 | 33 | 7 | ASSO | BUSINESS | M | 116100 |
| 83 | 35 | 3 | ASSO | BUSINESS | M | 138842 |
| 84 | 49 | 22 | ASSO | BUSINESS | M | 115500 |
| 85 | 36 | 9 | ASSO | BUSINESS | M | 112988 |
| 86 | 32 | 6 | PROF | BUSINESS | M | 156614 |
| 87 | 33 | 5 | PROF | BUSINESS | M | 147728 |
| 88 | 59 | 24 | ASSO | LIBERAL STUDIES | M | 102856 |
| 89 | 47 | 21 | ASSO | LIBERAL STUDIES | M | 91430 |
| 90 | 59 | 27 | PROF | LIBERAL STUDIES | M | 112144 |
| 91 | 40 | 12 | ASST | LIBERAL STUDIES | M | 75096 |
| 92 | 47 | 14 | PROF | LIBERAL STUDIES | M | 102144 |
| 93 | 27 | 0 | ASSO | LIBERAL STUDIES | M | 78000 |
| 94 | 37 | 8 | ASST | LIBERAL STUDIES | M | 81016 |
| 95 | 41 | 16 | ASST | LIBERAL STUDIES | M | 74374 |
| 96 | 41 | 7 | ASSO | LIBERAL STUDIES | M | 103774 |
| 97 | 57 | 22 | ASST | LIBERAL STUDIES | M | 92682 |
| 98 | 29 | 0 | ASST | LIBERAL STUDIES | M | 65812 |
| 99 | 61 | 30 | PROF | LIBERAL STUDIES | M | 118512 |
| 100 | 59 | 24 | PROF | LIBERAL STUDIES | M | 119286 |
| 101 | 53 | 25 | PROF | LIBERAL STUDIES | M | 138838 |
| 102 | 54 | 19 | ASSO | LIBERAL STUDIES | M | 88126 |
| 103 | 47 | 22 | PROF | LIBERAL STUDIES | M | 112918 |
| 104 | 40 | 8 | ASSO | LIBERAL STUDIES | M | 80000 |
| 105 | 50 | 23 | PROF | LIBERAL STUDIES | M | 112008 |
| 106 | 36 | 7 | ASSO | LIBERAL STUDIES | M | 72828 |
| 107 | 51 | 18 | PROF | LIBERAL STUDIES | M | 94240 |
| 108 | 55 | 25 | ASSO | LIBERAL STUDIES | M | 99262 |
| 109 | 41 | 11 | PROF | LIBERAL STUDIES | M | 91164 |
| 110 | 59 | 24 | PROF | LIBERAL STUDIES | M | 110330 |
| 111 | 57 | 24 | PROF | LIBERAL STUDIES | M | 115032 |
| 112 | 55 | 22 | ASSO | LIBERAL STUDIES | M | 94506 |
| 113 | 27 | 0 | ASST | LIBERAL STUDIES | M | 63000 |
| 114 | 37 | 7 | ASSO | LIBERAL STUDIES | M | 75922 |
| 115 | 53 | 22 | PROF | LIBERAL STUDIES | M | 116014 |
| 116 | 34 | 0 | ASST | LIBERAL STUDIES | M | 63000 |
| 117 | 37 | 12 | ASSO | LIBERAL STUDIES | M | 83714 |
| 118 | 27 | 2 | ASST | LIBERAL STUDIES | M | 64892 |
| 119 | 30 | 0 | ASST | LIBERAL STUDIES | M | 63000 |
| 120 | 58 | 24 | PROF | LIBERAL STUDIES | M | 116878 |
| 121 | 58 | 25 | PROF | LIBERAL STUDIES | M | 140036 |
| 122 | 47 | 20 | ASSO | LIBERAL STUDIES | M | 93688 |
| 123 | 36 | 11 | PROF | LIBERAL STUDIES | M | 130566 |
| 124 | 33 | 8 | ASSO | LIBERAL STUDIES | M | 73170 |
| 125 | 62 | 28 | ASSO | LIBERAL STUDIES | M | 112672 |
| 126 | 35 | 6 | ASSO | LIBERAL STUDIES | M | 71940 |
| 127 | 49 | 21 | PROF | LIBERAL STUDIES | M | 105308 |
| 128 | 49 | 24 | PROF | LIBERAL STUDIES | M | 108416 |
| 129 | 59 | 25 | PROF | LIBERAL STUDIES | M | 112510 |
| 130 | 41 | 16 | PROF | LIBERAL STUDIES | M | 93914 |
| 131 | 39 | 8 | ASSO | LIBERAL STUDIES | M | 80002 |
| 132 | 46 | 16 | ASSO | LIBERAL STUDIES | M | 87362 |
| 133 | 32 | 7 | ASSO | LIBERAL STUDIES | M | 81968 |
| 134 | 53 | 25 | PROF | LIBERAL STUDIES | M | 134086 |
| 135 | 51 | 22 | PROF | LIBERAL STUDIES | M | 131962 |
| 136 | 57 | 25 | PROF | LIBERAL STUDIES | M | 108328 |
| 137 | 50 | 18 | ASST | LIBERAL STUDIES | M | 76948 |
| 138 | 59 | 24 | PROF | LIBERAL STUDIES | M | 116882 |
| 139 | 48 | 22 | ASSO | LIBERAL STUDIES | M | 98082 |
| 140 | 46 | 17 | ASST | LIBERAL STUDIES | M | 79104 |
| 141 | 50 | 23 | ASSO | LIBERAL STUDIES | M | 95618 |
| 142 | 56 | 25 | PROF | LIBERAL STUDIES | M | 114312 |
| 143 | 34 | 1 | ASST | HEALTH | M | 70876 |
| 144 | 48 | 20 | ASSO | HEALTH | M | 94694 |
| 145 | 53 | 20 | PROF | HEALTH | M | 108514 |
| 146 | 33 | 8 | ASSO | HEALTH | M | 95546 |
| 147 | 56 | 23 | PROF | HEALTH | M | 127950 |
| 148 | 30 | 1 | ASST | HEALTH | M | 70876 |
| 149 | 47 | 16 | PROF | HEALTH | M | 109672 |
| 150 | 34 | 7 | ASST | HEALTH | M | 71776 |
| 151 | 55 | 20 | PROF | HEALTH | M | 98176 |
| 152 | 55 | 23 | PROF | HEALTH | M | 131104 |
| 153 | 51 | 22 | ASST | HEALTH | M | 90222 |
| 154 | 51 | 23 | ASSO | HEALTH | M | 112980 |
| 155 | 33 | 2 | PROF | HEALTH | M | 216676 |
| 156 | 54 | 26 | ASST | HEALTH | M | 111170 |
| 157 | 37 | 2 | ASST | HEALTH | M | 73988 |
| 158 | 53 | 21 | ASSO | HEALTH | M | 113858 |
| 159 | 53 | 21 | ASSO | HEALTH | M | 93740 |
| 160 | 46 | 17 | ASSO | HEALTH | M | 92314 |
| 161 | 31 | 2 | ASST | SCIENCES | M | 68998 |
| 162 | 28 | 0 | ASST | SCIENCES | M | 70400 |
| 163 | 58 | 24 | PROF | SCIENCES | M | 107188 |
| 164 | 34 | 8 | ASSO | SCIENCES | M | 80462 |
| 165 | 43 | 8 | ASSO | SCIENCES | M | 74336 |
| 166 | 32 | 6 | ASST | SCIENCES | M | 68016 |
| 167 | 42 | 17 | PROF | SCIENCES | M | 96036 |
| 168 | 30 | 3 | ASST | SCIENCES | M | 76796 |
| 169 | 52 | 18 | PROF | SCIENCES | M | 106422 |
| 170 | 63 | 28 | PROF | SCIENCES | M | 137980 |
| 171 | 37 | 2 | ASST | SCIENCES | M | 70880 |
| 172 | 55 | 25 | PROF | SCIENCES | M | 116100 |
| 173 | 27 | 0 | ASST | SCIENCES | M | 68000 |
| 174 | 59 | 26 | PROF | SCIENCES | M | 126018 |
| 175 | 43 | 9 | ASSO | SCIENCES | M | 82836 |
| 176 | 50 | 21 | PROF | SCIENCES | M | 101558 |
| 177 | 61 | 29 | PROF | SCIENCES | M | 131302 |
| 178 | 55 | 23 | ASSO | SCIENCES | M | 107222 |
| 179 | 67 | 41 | ASSO | SCIENCES | M | 115342 |
| 180 | 34 | 6 | ASSO | SCIENCES | M | 84418 |
| 181 | 50 | 21 | PROF | SCIENCES | M | 93946 |
| 182 | 55 | 23 | PROF | SCIENCES | M | 110138 |
| 183 | 43 | 8 | ASSO | SCIENCES | M | 74478 |
| 184 | 53 | 25 | ASSO | SCIENCES | M | 102814 |
| 185 | 44 | 13 | PROF | SCIENCES | M | 119386 |
| 186 | 33 | 0 | ASST | SCIENCES | M | 69000 |
| 187 | 43 | 12 | ASST | SCIENCES | M | 82266 |
| 188 | 37 | 4 | ASST | SCIENCES | M | 71088 |
| 189 | 43 | 14 | ASST | SCIENCES | M | 78240 |
| 190 | 47 | 14 | ASST | SCIENCES | M | 89808 |
| 191 | 55 | 22 | PROF | SCIENCES | M | 108284 |
| 192 | 40 | 9 | ASST | SCIENCES | M | 100324 |
| 193 | 48 | 22 | ASSO | SCIENCES | M | 125832 |
| 194 | 47 | 14 | PROF | SCIENCES | M | 107322 |
| 195 | 41 | 12 | PROF | SCIENCES | M | 94672 |
| 196 | 49 | 14 | PROF | SCIENCES | M | 89460 |
| 197 | 37 | 11 | ASSO | SCIENCES | M | 84378 |
| 198 | 36 | 10 | ASST | SCIENCES | M | 72406 |
| 199 | 42 | 14 | ASSO | SCIENCES | M | 91458 |
In: Accounting
suppose the 2000 US census is collected for every person in the US and it allows researchers to calculate summary quantities like the percent of the US population in a specified age range. What is the mean squared error of these summary quantities calculated from the census?
In: Statistics and Probability
The key point of the case is : 6000 traditional bank jobs to go and 2000 new digital position created as NAB aims to move 60 percent of its business online over three years. redundancies are expected to cost up to $800 million. despite record underlying cash profit of $6.6bn, shares fall on cost blow out. Question? Using istitutional theory,explain how your chosen theory applies to the NAB case, and what each groupshould do as a result of following the theory.(Make sure you relate your discussion to the NAB case and each of the affected groups under your chosen theory). Compare and contrast this theory and stakeholder theory and identify which of these theories is most important from the banks perspective and explain reasons why you think your chosentheory is the mostimportant.
In: Accounting
8. (6pts) A loan is being repaid by payments of $2000 at the end of each half-year at nominal rate of 6% convertible semiannually, and a smaller final payment is made after the last regular payment. If the loan balance at the end of the third year is $15,000, find
(1) the amount of the loan. (Answer: $23,396.65)
(2) the loan balance right after the last regular payment. (Answer: $1,216.88)
(3) the amount of principal and the amount of interest paid in the payment paid at the end of third year. (Answers: $1504.85, $495.15)
Financial Math three-part Question: Chapter on Annuities and Outstanding Loan Balances
In: Finance
A UK lottery prize pays 1000$ at the end of the first year, 2000$ at the second, 3000$ the third, and so on for 20 years. If there is only one prize in the lottery, 10000 tickets are sold, and you could invest your money elsewhere at 15 percent interest, how much is each ticket worth, on average ?
Answer : 3.98 $
Can anyone solve it by converting Arithmetic Series to Annuity first, and then converting Annuity to Present Value ? When I solve it, I am getting the answer 3.35.
Please dont solve it by calculating every year separately. Thanks
In: Economics
In a 500/250 V d.c. 3-wire system, there is a current of 2000 A on the +ve side, 1600A on the negative side and a load of 300 kW across the outers. The loss in each balancer set is 8 kW. Calculate the current in each armature of the balancer set and total load on the main generator.
In: Electrical Engineering
1. A slurry of particles with density 2000 kg/m3 is to
be loaded into a thickener where the resulting voidage fraction is
0.89 and the superficial particle velocity is 2.8 mm/s. Calculate
the particle system velocity.
2. Consider batch sedimentation system performed within a measuring
cylinder where solids are settled according to Type 1 settling. The
voidage fraction after the settling is 0.35 and the particle
density is 2500 kg/m3 while the particle velocity is 0.0015
m/s.
2.1. What is the net flow of the solids?
2.2. Calculate the free falling velocity or terminal velocity if
the correlation for the exponent n = 0.4.
In: Other
is it cheaper to pay $2000 per month for campus housing or to purchase a house near campus for $100000 assuming that you are eligible for a 4% APR 30 year fixed rate HUD mortgage loan with 3 % down payment? Show your work.
In: Finance