Answered step by step
Verified Expert Solution
Question
1 Approved Answer
thank you so much Adair Credit, Inc. has $45.0 million in consumer loans with an average interest rate of 100%. The company has 5100 million
thank you so much
Adair Credit, Inc. has $45.0 million in consumer loans with an average interest rate of 100%. The company has 5100 million in home equity loans with an average interest rate of 6.0%, and owns $50 million in corporate securities with an average interest tate of 4% Next year, consumer loans are estimated to increase to $50.0 million because of a rate decrease to 80%, while home equity loans are estimated to increase to $42.0 million at an average Interest rate of 4.5% Unfortunately, the investment in corporate securities is estimated to decrease by 16% and the average Interest rate is estimated to be 70% What is Adalr's estimated change in revenues next year? Multiple Choice $916,000 decrease rease. Multiple Choice $916,000 decrease. $916,000 increase. O $1,166,000 increase. O $1,166,000 decrease. Vermicelli Company plans to sell 370,000 units of finished product in July and anticipates a growth rate in sales of 5% per month. The desired monthly ending inventory in units of finished product is 80% of the next month's estimated sales. There are 320,000 finished units in inventory on June 30. Vermicelli Company's production requirement in units of finished product for the three-month period ending September 30(CMA adapted) Multiple Choice 1,271,790 units 1,166,425 units Multiple Choice O 1,271,790 units. O 1,166,425 units. O 1,270,900 units. O 1,189,082 units Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started