Revenue budget In the prior year, Grand Falls Bank (GFB) had $10,400,000 in business loans at an average interest rate o

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Revenue Budget In The Prior Year Grand Falls Bank Gfb Had 10 400 000 In Business Loans At An Average Interest Rate O 1 (87.56 KiB) Viewed 8 times

Revenue Budget In The Prior Year Grand Falls Bank Gfb Had 10 400 000 In Business Loans At An Average Interest Rate O 2 (71.54 KiB) Viewed 8 times

Revenue budget In the prior year, Grand Falls Bank (GFB) had $10,400,000 in business loans at an average interest rate of 3.5 percent as well as $8,320,000 in consumer loans with an average rate of 8 percent. GFB also has $1,950,000 invested in government securities that pay interest at an average rate of 2.5 percent. For the current year, GFB estimates that the volume of business loans will increase to $15,600,000, and the interest rate will rise to 5 percent. It projects that consumer loans will be $10,400,000 and have an average interest rate of 11 percent. The bank's government security investment will be $4,160,000 and will bear an average interest rate of 4.5 percent. What is GFB's projected revenue for the current year? Projected revenue: $ 0
Production budget Seguin Inc. has the following projected unit sales for the first four months of the year: Month Unit Sales January 256.240 February 249.600 332.800 399.360 April Company policy is to have an ending monthly inventory equal to 5 percent of next month's estimated sales; however, this criterion was not in effect at the end of the past year. Ending inventory at that time was 18,200 units. Determine the company's production requirements for each month of the first quarter of the year. January February March Budgeted production in units 0