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3 years ago

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

1 answer:

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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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All of the following are ways to collect useful marketing research information except

prohojiy [21]

Answer:

impulsively stopping persons on the street to inquire about their buying habits

Explanation:

For businesses which are to be started, conducting marketing research can help the business know the products that would generate profits while for existing businesses, market research help companies to determine if their customers are satisfied with their services. Ways of conducting market research are:

Conducting interviews through phone calls or person to person.
sending questionnaires by mail or placing them online
Conducting online surveys
Buying information from commercial or governmental data sources.

Using information from commercial or governmental data sources may not be reliable because it may be outdated.

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3 years ago

The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r

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Answer:

1 July 2017 Notes receivable $79000 Dr

Cash $79000 Cr

31 Dec 2017 Interest receivable $3950 Dr

Interest revenue $3950 Cr

30 June 2018 Interest receivable $3950 Dr

Interest Revenue $3950 Cr

1 July 2018 Cash $7900 Dr

Interest receivable $7900 Cr

1 July 2018 Cash $79000 Dr

Notes receivable $79000 Cr

Explanation:

The receipt of note against issuing loan will cause a credit to cash against notes receivable.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950

First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950

Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.

The cash will be debited and notes receivable account will be closed by crediting it.

8 0

3 years ago

A murder in a downtown office building has been widely publicized. You’re a police detective and receive a phone call from a com

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Answer:

Acquired evidence through live acquisition

Done by use of FTK imager

Tools used in computers forensics have automated function of hashing.

Figure out evidence

accounting and internet history

Normalize documents

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3 years ago

A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average. a. State the hypothese

zmey [24]

Answer:

a. H0 : U ≥ 15

Ha : U < 15

b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.

c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.

Explanation:

Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.

Type I error is one in which we reject a true null hypothesis.

Type II error is one in which we fail to reject the null hypothesis that is actually false.

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4 years ago

All along the way Jefferson chafed at the jump in prices brought about by "harpies who prey upon travelers" returning to Philade

Margaret [11]

Answer:

the yellow fever outbreak

Explanation:

when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it

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3 years ago

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