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2 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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In the underground city of Neverwhere, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillio

9966 [12]

Answer:

$3 trillion

Explanation:

Given that,

GDP = $15 trillion

consumption = $10 trillion

Government spending = $2.5 trillion

Taxes = $1 trillion

Net capital inflow = $0.5 trillion

Investment:

= GDP - Consumption - Government spending + Net capital inflow

= $15 - $10 - $2.5 + $0.5

= $3 trillion

We know that savings is equal to investment spending.

Therefore, the total savings for the economy of Neverwhere is $3 trillion.

8 0

2 years ago

Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Pie

Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.

Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts.

5 0

3 years ago

Read 2 more answers

Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag

AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price $1305000

Cost to tear down building $121000

Sale of Salvages ($8400)

Leagl fees $5340

Total $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees $47000

Insurance $3900

Liability insurance $4200

Excavation cost $15480

city for pavement $9900

Borrowing Costs $251000

Total $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0

2 years ago

A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company has a contract

sashaice [31]

Answer:

They should operate Mine 1 for 1 hour and Mine 2 for 3 hours to meet the contractual obligations and minimize cost.

Explanation:

The formulation of the linear programming is:

Objective function:

$C=200M_1+160M_2$

Restrictions:

- High-grade ore: $6M_1+2M_2\geq12$

- Medium-grade ore: $2M_1+2M_2\geq8$

- Low-grade ore: $4M_1+12M_2\geq24$

- No negative hours: $M_1,M_2\geq0$

We start graphing the restrictions in a M1-M2 plane.

In the figure attached, we have the feasible region, where all the restrictions are validated, and the four points of intersection of 2 restrictions.

In one of this four points lies the minimum cost.

Graphically, we can graph the cost function over this feasible region, with different cost levels. When the line cost intersects one of the four points with the lowest level of cost, this is the optimum combination.

(NOTE: it is best to start with a low guessing of the cost and going up until it reaches one point in the feasible region).

The solution is for the point (M1=1, M2=3), with a cost of C=$680.

The cost function graph is attached.

7 0

3 years ago

I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is

neonofarm [45]

Answer:

a) must accept market price for its physical capital inputs.

Explanation:

The price of gold in the commodity market is being influenced by market speculation. Market speculation implies investors are trying to profit from the changing prices of gold. When the market is active, the price of gold will be moving up and down depending on demand.

The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices. The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.

3 0

3 years ago