BM1808

PROBLEM RECOGNITION TASK

Determine the maximum deposit insurance coverage by PDIC in the following items. (5 points x 5
items)

1. Anjielica Caventa has the following deposit accounts in a closed bank: Anjielica

Caventa P200,000
Regine Develos for the account of (FAO) Anjielica Caventa P150,000
Wilmari Ocampo in trust for (ITF) Anjielica Caventa P300,000
Anjilieca Caventa’s business (sole proprietorship) P600,000

What is the maximum deposit insurance coverage as far as Anjielica is concerned?

Individual Account
Anjielica Caventa P200,000
Regine Develos for the account of (FAO) Anjielica Caventa P150,000
Wilmari Ocampo in trust for (ITF) Anjielica Caventa P300,000
Anjilieca Caventa’s business (sole proprietorship) P600,000
Total P1,250,000
Limit: 500,000
(Total) Maximum PDIC Coverage P500,000

2. Janard Lindio has the following deposit accounts in a closed bank:

Janard Lindio and Clifford Agustin P600,000

Janard Lindio and Anthony Agarin P800,000
Janard Lindio and Patrick Reyes P900,000

What is the maximum deposit insurance coverage as far as Janard is concerned?

Joint Account
Janard Lindio and Clifford Agustin P600,000
Limit: 500,000
For Clifford Agustin (P250,000)

Janard Lindio and Anthony Agarin P800,000

Limit: 500,000
For Anthony Agarin (P250,000)

Janard Lindio and Patrick Reyes P900,000

Limit: 500,000
For Patrick Reyes (P250,000)

(Total) Maximum PDIC Coverage P750,000

3. Jessa Manucdoc has the following deposit accounts in a closed bank:

Jessa Manucdoc’s modeling business (sole proprietorship) P300,000

Jessa Manucdoc P400,000
Jessa Manucdoc and Elmira Gersaniva P900,000
Jessa Manucdoc and Francia Cabezudo P500,000

What is the maximum deposit insurance coverage as far as Jessa is concerned?

Individual Account
Jessa Manucdoc P400,000
Jessa Manucdoc’s modeling business (sole proprietorship) P300,000
Total P750,000
Limit: 500,000

Joint Account
Jessa Manucdoc and Elmira Gersaniva P900,000
Limit: 500,000
For Elmira Gersaniva (P250,000)

Jessa Manucdoc and Francia Cabezudo P500,000

For Elmira Gersaniva (P250,000)
(Total) Maximum PDIC Coverage P1,000,000

07 Activity 1 *Property of STI

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 4. Cristian Punzalan has the following deposit accounts in a closed bank:

Cristian Punzalan’s business (sole proprietorship) P300,000

Cristian Punzalan P100,000
Cristian Punzalan and Christian Nilo P300,000
Cristian Punzalan and Nestor Tulang and Jerone Gatdula and Emman Rivera P600,000

What is the maximum deposit insurance coverage as far as Cristian is concerned?

Individual Account
Cristian Punzalan P100,000
Cristian Punzalan’s business (sole proprietorship) P300,000
Total P400,000

Joint Account
Cristian Punzalan and Christian Nilo P300,000
For Christian Nilo (P150,000)

Cristian Punzalan and Nestor Tulang and Jerone Gatdula and Emman P600,000
Rivera
Limit: 500,000
For Nestor Tulang (P125,000)
For Jerome Gatdula (P125,000)
For Emman Rivera (P125,000)

(Total) Maximum PDIC Coverage P675,000

5. Ronel is a partner of MW Partnership and a stockholder of LG Corporation. He has the following deposit
accounts in a closed bank:

Ronel’s business (sole proprietorship) P350,000

Ronel’s personal savings account P500,000
Ronel and Jhun and Eff and Karla P600,000
Ronel and MW Partnership P650,000
Ronel and LG Corporation P400,000

What is the maximum deposit insurance coverage as far as Ronel is concerned?

Individual Account
Ronel’s personal savings account P500,000
Ronel’s business (sole proprietorship) P350,000
Total P850,000
Limit: 500,000

Joint Account
Ronel and Jhun and Eff and Karla P600,000
Limit: 500,000
For Jhun (P125,000)
For Eff (P125,000)
For Karla (P125,000)

(Total) Maximum PDIC Coverage P625,000

Rubric for scoring:

Performance Indicators Points
Correct accounts and amounts used 3
Computed final amounts are correct/balanced 2
Total 5

07 Activity 1 *Property of STI

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