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,
1340Post New Elevates Infosolution Accounting AllOther Interview Questions
Explain the role of ieee in computer networking?
When can infinite loop occur in a plugin. How do you avoid infinite loops in the plugin code?
why not taking cement at capital goods
Define extrued aluminum?
How do I clear a mysql database?
What are different functions of using business blueprint?
when you are from engineerng back groung student then y r u choossng bank job? plz give me best answer
What is meta tag description?
Think about the hardware limit on system calls. How can a system designer add additional system call without changing the hardware?
Is single load(eg: three phase motor) having all the components like positive,negative,zero sequence components during fault condition?
Write a program in python to execute the bubble sort algorithm.
How pseudo-classes are different from pseudo-elements?
How Development and Implementation of (IoT) be affected by High-Speed Internet?
How can I improve the health of my hard drive?
Which of the following are part of the control metadata?