Answer / harish

Operating profit net of the expensed paid but before
prividing for interest and tan. in other words it is EBIT
(Earnings before Interest and Tax)

What is the difference betwn "Inventory" and "Stock".

11 Answers   ICA,

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what do u mean by CRR?

21 Answers   Aircel, EBE, Infosys, State Bank Of India SBI,

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what are important steps to take during the conversion of an accounting system?

2 Answers   Cap Gemini, Franklin Templeton, Globix,

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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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what do we mean we say that accounting is a means rather than an end?

0 Answers  

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Short Answer on -----Working capital

2 Answers  

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Short Answer on __________Partnership

2 Answers  

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What is the defination of job costing, batch costing and contract costing?

0 Answers  

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what is uses your subject commerce in banking

1 Answers   Banking,

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Gross Profit Margin ?

3 Answers   Capital IQ,

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Let me know the chronological order to reach final accounts begining with Journalisation

3 Answers  

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Why interest on partner's loan is not transferred to his capital account? What is the logic for transferring it to his current account/ loan account or accrued interest account?

1 Answers  

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