First savings reported transaction deposits of $105 million (the daily average for the latest two-week reserve computation period). its non-personal time deposits over the most recent reserve computation period averaged $37 million daily. assume that reserve requirements are 0% for transaction deposits $0 to $13.3 million, 3% for transaction deposits $13.3 million to $89 million, and 10% for transaction deposits over $89 million. also assume time deposits carry a 0% required reserve. calculate this savings institution’s required daily average reserve balance.

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.