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Wittaler [7]
3 years ago
7

Friendly Financial has $230 million in consumer loans with an average interest rate of 19 percent. The bank also has $148 millio

n in home equity loans with an average interest rate of 14 percent. Finally, the company owns $38 million in corporate securities with an average rate of 11 percent.
Managers at Friendly Financial estimate that next year its consumer loan portfolio will rise to $372 million and the interest rate will fall to 17 percent. They also estimate that its home equity loans will fall to $130 million with an average interest rate of 14 percent, and its corporate securities portfolio will increase to $40 million with an average rate of 11 percent.
Required:(a) Estimate Friendly Financial’s revenues for the coming year. (Enter your answer in thousands of dollars.)
Business
1 answer:
Pachacha [2.7K]3 years ago
7 0

Answer:

$85.84 Million

Explanation:

Interest Income has been calculated as under:

Income on Consumer Loan = $372 * 17% =         $63.24 Million

Income on Home Equity = $130 * 14% =               $18.2   Million

Income on Consumer Loan = $40 * 11% =          <u>  $4.4     Million</u>

Total Income                                                        $85.84 Million

So the total income that the Friendly Financial will earn from the money invested will be $85.84 million.

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Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4
Lilit [14]

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

6 0
2 years ago
A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a
ArbitrLikvidat [17]

Answer:

$2,000

Explanation:

Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or  a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.  

8 0
3 years ago
Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly
Nesterboy [21]

Answer:

a. 2,800,000 shares

b. $49.50

Explanation:

a. Poison is a tactic used by a company threatened with an unwelcome takeover bid to make itself unattractive to the bidder

Shares that the unfriendly outside group must acquire for the poison pill to go into effect is

= 20% of 14,000,000 shares.

= 14,000,000 × 20%

= 2,800,000 shares

b. The new purchase price for the existing stockholders will be

=$66 × (1 - 0.25)

= $49.50

7 0
3 years ago
Bebe Rexha has AGI of $100,000 and makes the following expenditures:
shutvik [7]

Answer:

$31000 will be allowed as expenditure

Explanation:

given data

Wheelchair  = $10,000

Whirlpool bath = $10,000

Maintenance =  $1,000

Increased utility bills =  $1,000

various home modifications = $10,000

solution

as here value of the home increased =  $1000

and that is  increaed utility bill of the whirlpool

so that expenditure will be added to value of asset

so  

total expenditure is = $10000 + $10000 + $10000 + $1000 =  $31000

so $31000 will be allowed as expenditure

7 0
3 years ago
social marketing uses comercial marketing stratehgies such as audience segemnation and branding to change health behavirio
vodka [1.7K]

Social marketing now uses commercial marketing strategies for analyzing target audiences, identifying the objectives, tailoring messages, and applying strategies like branding and maintenance of health behaviors.

<h3>What is the role of social marketing in health ?</h3>

In social marketing the proven concepts and techniques applied which has been drawn from the commercial sector and it  promote changes in diverse socially important behaviors like use of medicines, smoking etc.

social marketing immensely applied in science and health behavior by  using behavioral theory to influence health and assessing the factors influencing the audience.

It influence health behavior, by using a wide range of health communication strategies through mass media,  mediated through a healthcare provider, marketing , promotion etc.

Learn more about social marketing, here:

brainly.com/question/12264032

#SPJ4

6 0
1 year ago
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