The following are budgeted data: january february march sales in units 15,400 20,800 18,400 production in units 18,400 19,400 17,300 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 25% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its 1e100 but im not sure.