Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

تمرين 9

Estimate Sales Revenues
EZ-Credit, Inc., has $40 million in consumer loans with an average interest rate of 13.5 percent. The bank also has $32 million in home equity loans with an average interest rate of 9 percent. Finally, the company owns $6 million in corporate securities with an average rate of 6 percent.
EZ-Credit estimates that next year its consumer loan portfolio will rise to $42 million and the interest rate will fall to 12 percent. Its home equity loans will fall to $30 million with an average interest rate of 8 percent, and its corporate securities portfolio will increase to $8 million with an average rate of 7 percent.
Required
Estimate EZ-Credit's revenues for the coming year.