Business Banking Specialist Interview Questions
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Business Banking Specialist interview questions shared by candidates
(1:1 Hiring Mgr) What is the extent of your cash handling experience?
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Lead / Head Teller in Queens, and a High Priority Teller at Wall Street, N.Y.C.T.A. Location BROOKLYN n QUEENS, NY. Cash Handler for over 5 years, On a Average DAY of BY Hand Cash Handled was $200.00K, or higher. McCoy Federal Credit Union, Location ORLANDO, FL. $$ amounts would vary from day to day. PGA Credit Union, Location PBG. $$$ amounts would vary day to day, Friedman 's Jewlers Location WPB., FL. Assistance Store Manager n Credit Manager. $$$ varied from day to day, as well as the jewelry. SAM'S Location: WPB. FL. COS/CSM Cashier. OVER 2 years. Handling CASH $$ was a big Part of responsibility as well as Member / Customer Service. I started working at 15 years old, n I've always dealt with Zero Mistakes / Errors made, when it came the end of the day to Prove Out / Count Drawer Down. Bonded in 2 states, NY and FL. Thank you for your time, it is appreciated. KATHLEEN Uzzo Less
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East N.Y. Savings Bank, Mid Town Location:NYC., Lead / Head Teller. Citibank: World Trade Center and Queens, NYC., 2x different locations. NYC. Less
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Mention any cashiering jobs or cash office jobs and be specific with how much money you handled on average. You will also be asked if you were solely accountable for your drawer/safe. Less
What is the effect of $10 of depreciation on the three accounting statements?
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Income Statement: Because depreciation is an expense, Operating income (EBIT) decreases by $10. Net income also declines by EBIT*(1-tax rate). Assuming a 35% tax rate, NI decreases by $6.50. Balance Sheet: Cumulative depreciation increase $10, so PP&E (Plant Property and Equipment) decreases by $10). The reduction in net income also causes a Reduction in Retained Earnings by $6.50. Cashflow Statement: Net income decreased by $6.50 and D&A increased $10, cashflow from operations increases by $3.50. Less
Could you walk me through the cash flows statement? What are some items that would be found under each heading?
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The cash flows statement shows cash flows from operating, investing and financing activities. In the operating activities area, for example, you would add back depreciation expense to net income (since no cash has actually left your firm). Investing activities could include money from sales of land, and financing could include receiving cash from a loan, or giving out dividends to shareholders. Less
If someone offered you $1000 today or paid out at $100 a month over the next ten months, which would you take?
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The answer should be the $1000...$1000 today is worth more than $1000 ten months from now or $100 every month for 10 months due to the time value of money. Less
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Money loses value over time...
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I think it depends largely on the market. 1000 dollars a couple years ago if put into the right fund would be nice now. With how long the market has been expanding It would be a tough choice now. Additionally, they might be checking personality on this. Do you want your money now, or do you like something steady even if the value depreciates over time? Less
Why do you have a C in acgt?
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Cuz its boring as hell!
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How do you even get an interview with a C in accounting?
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They will come with all questions as in the areas you are so lacking
Which side of the BS is Equity on?
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Credit side
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It is a source of Fund, comes under Owner's fund
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There are two types of balance sheet. 1) Acount form 2) Report form In account form Assets are on left side that is debit side. Liabilities and equity are on credit side that is right hand side. In report form everything is under one vertical line that is first is assets then followed by liabilities and owner's equity. Less
Should do you the deal? Why or why not?
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how would we know. Is it the company's financials and from there you answer the questions? What is the format of the case study? Less
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There will be a case with financials. Good understanding of ratios is critical. There will be qualitative questions about the case as well which you will not know how to fully answer. Be prepared to back up any claims you make. Less
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whats the best way to prepare, what sort of ratios?
I was told to download microsoft team app .
4 Answers↳
I havn't been called
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Same here, but haven't received any mail yet to that effect
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Since the test in which i was successful with,they haven’t contacted me..its been almost a month now. Please how long does it take to get a call from them after the test?..im curious Less
If I stacked pennies from the ground to the top of the Empire State Bldg, would they all fit onto a floor of the building?
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1. Yes on the terrace. 2. Conver pennies into Dollers on better brokerage and get it fit into a bag. Now you can more money fit at any floor. Less
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The Empire state building is approximately 1200 ft. I'm guessing there are 100 floors. This means 12 ft of single stack pennies per floor. 100 of them. I think we can fit 100 stacks of pennies on any floor in New York City. Less
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Yes. 1) break coins into stacks in relation to each window/floor (gives height of floor) 2) highly likely sum of stacks is less than the square of the floor height I'm sure there's another way to answer this as per Vault, though I like to come up with diff answers instead. Less