The liabilty positions of 1.sole proprietor 2.Partnership 3.Company

1 Answers  

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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

0 Answers   Elevates Infosolution,

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Expand L T C

2 Answers   SNR,

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What is derivative?

1 Answers  

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after adjusting the amounts accountant of the company prepares which accounts??

9 Answers   Genpact, HDFC,

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A----------involves transfer of money or moneys worth from one person to another

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where do you get Capital Expenditures?

4 Answers  

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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

0 Answers  

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what is the meaning of input vat & out put vat?

0 Answers  

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What is deferred revenue Expenditure.

2 Answers   Indiabulls, Wipro,

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What is ratio analys ?

2 Answers   Thomson Reuters,

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what is meant by credit derivative?

1 Answers   Wipro,

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