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.
<u>Explanation:</u>
Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.
<u>Delinquency rate:</u>
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,

<u>Average days delinquent:</u>
This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as
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Answer a. Estimate a population proportion.
Explanation:
A population proportion denotes a specific attribute of a population measured in percentage, the above analysis is on losing weight by the populace.
A mean only refers to the average of the population without reference to a particular quality.
The analysis is not testing a claim but it's only making reference to earlier findings on the population. A claim would have given us a specific quality which the population has been predicted or established to adhere to.
<u>Solution: </u>
The following are the correct and incorrect options
<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.
<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).
<u>Other options are not correct:
</u>
<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.
<u>Incorrect option</u>: such purchases are investments but not savings.
Answer:
siness and Industry Endorsement.
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Explanation:
Answer:
$5,472
Explanation:
Calculation for Alison record of purchase :
First step
Invoice price ×Percentage of payment term
Where:
Invoice price =$5,700
Percentage of payment term =96%
(100%-4%)
Second step
$5,700×96%
=$5,472
Therefore Alison should record the purchase at: $5,472