You are here:

Economics/Question about financial report...

Advertisement


Question
Total loans of The bank in first quarter : 100 billions . Second quarter : 110 billions . Third quarter : 111 billions . Fourth quarter : 150 billions . And in annual report , total loans : 130 billions . I am confused , are total loans of the Bank 130 billions or sum of all quarters ?

Answer
The way you describe it, it sounds like the the total loans at the end of the year was $130 billion.  Remember that the total amount of loans isn't static, it increases as they lend more, and decrease as loans are repaid.  Each financial report is simply a snapshot, a single point in time, so it would be very unusual if the sum of the quarterly reports was equal to the annual report.

Economics

All Answers


Answers by Expert:


Ask Experts

Volunteer


Michael Taillard

Expertise

Accepts most economic questions

Experience

Consulting with major corporations, government agencies, political organizations, small businesses, non-profits, start-ups, and even individual people. Teaching at universities around the world, and developing original coursework. Performing original research and analysis. Writing books and scientific studies.

Organizations
American Economics Association

Publications
http://www.barnesandnoble.com/s/michael%20taillard You can also check Proquest for a small selection of my research.

Education/Credentials
PhD (Financial Economics; honors) -- MBA (International Business Finance; honors) -- Grad School Certificate (International Business Management; honors) -- BS (International Business Economics; honors) -- AA (Business Administration; honors) -- Certificate (Chinese Language and Culture) -- Trade School (Transportation Logistics; honors)

©2017 About.com. All rights reserved.