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3 years ago

Delinquency occurs at how many days past due on your loan repayment?

1 answer:

5 0

Delinquencies are reported when the loan is 30 or more days past due to the credit bureau. When the borrower is 90 or more days past due is stated to be a serious delinquency.

Explanation:

Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.

Delinquency rate:

The percentage of loans within the loan portfolio of a financial institution whose payments are delinquent. The formula to calculate the delinquency rate is as follows,

$\text{Delinquency Rate }=\frac{\text{Number of delinquent accounts}}{\text{total number of credit accounts}}\times100$

Average days delinquent:

This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as

$\bold{\text{ADD= Days Sales Outstanding - Best Possible Days Sales Outstanding}}$

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Marion Franklin is the CEO of a local real estate company, Action Realty. The community has seen an increase in population over

iogann1982 [59]

Answer:

Marion should use structured interviews.

Explanation:

This due to the fact that she lacks highly effective interviewing skills, and in the past, the agents she has hired have not always turned out to be as successful as she had hoped.

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3 years ago

In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f

Dimas [21]

Answer: $11123

Explanation:

Based on the information given, Marnie's net income or loss from the activity will be calculated thus:

Rental income = $18000

Less: Property tax = $2500 × 75/365 = $514

Less: Mortgage interest = $3500 × 75/365 = $719

Less: Utilities = $1100 × 75/97 = $851

Less: Repairs and Maintenance = $1000 × 75/97 = $773

Less: Depreciation = $5200 × 75/97 = $4021

Net income = $11,123

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3 years ago

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction

Elza [17]

Answer:

-4.25%

Explanation:

purchase price in 1999 = $12,497,500

purchase price in 2003 = $10,371,500

annual rate of return = {[($10,371,500 - $12,497,500) / $12,497,500] / (2003 - 1999)} x 100 = (-0.170114 / 4) x 100 = -4.25%

the annual rate of return refers to how much money you win or loss with an investment during a year. In this case, the investor lost $2,126,000 in 4 years, which resulted in a total loss of 17.01% for the whole period.

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3 years ago

Suppose the demand for good X is given by Qd x = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and i

tekilochka [14]

Answer:

Option D.

Explanation:

The demand function for good X is

$Q_x^d=10-2P_X+P_Y+M$