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Global Savings (GS) is examining the profitability of its Premier Account, a combined savings and chequing account. (Click the icon to view account information.) GS recently conducted an activity based costing study of its services. It assessed the following costs for six individual services. The use of these services by the three Premier Account customers is as follows. (Click the icon to view the costs for the services and customer information.) Assume Lindell and Colston always maintain a balance above $2,500, while Skerrett always has a balance below $2,500. Required Requirement 1. Compute the profitability of the Lindell, Skerrett, and Colston Premier Accounts at GS. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Round your answers to the nearest cent. Use parentheses or a minus sign for operating losses.) Lindell Skerrett Colston Total More Info Revenues Spread revenues on annual basis Depositors receive a 6% annual Interest rate on their average deposit. GS earns an interest Monthly fee charges rate spread of 2.5% (the difference between the rate at which it lends money and the rate it pays depositors) by lending money for residential home loan purposes at 8.5%. Thus, GS Total revenues would gain $250 on the interest spread if a depositor had an average Premier Account balance Costs of $10,000 during the year ($10.000 x 2.5% = $250). Deposit/withdrawal with teller The Prerrier Account allows depositors unlimited use of services such as deposits withdrawals, chequing account, and foreign currency drafts. Depositors with Premier Account Deposit/withdrawal with ATM balances of $2,500 or more receive unlimited free use of services. Depositors with minimum Deposit/withdrawal on prearranged basis balances of less than $2,500 pay a $20 monthly service fee for their Premier Account Bank cheques written Foreign currency drafts Data Table Inquiries Total costs ABC Cost per Operating income (loss) Account Usage Skerrett Colston Transaction Lindell $ 2.10 39 52 6 0.70 9 19 15 0.50 0 10 62 Deposit withdrawal with teller Deposit withdrawal at ATM Prearranged monthly deposit withdrawal Cheques written Foreign currency drafts Account balance inquiries Average cash balance 8.10 8 1 4 11.90 3 2 5 Help Me Solve This e Text Pages Get More Help nswer 1.20 8 19 800 7 S 25,500 $ 1,325 S

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