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,
1344Post New Elevates Infosolution Interview Questions
What is difference between extern and global?
What are the different validators in asp.net?
Is it possible to pass the dynamic values to views?
Explain how to convert binary to excess 3 code and vice verse?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
How far are the different government schemes useful to the poor?
What is a linear regression?
Write the Steps in Creating an ActiveX Control?
What is class extension?
How do I run chkdsk on xp?
Consider the following code: 1 2 3 4 5 (function() { var a = b = 5; })(); console.log(b); what will be printed on the console?
how to remove header and footer in jcl using sort utility
how to select the mpcbs and contactor for 3 phase 30 hp star delta motors.for plc control.and tell me the calaculation for future use.
How do I use sparklines in excel 2016?
Explain how are ip addresses arranged and displayed?
