Answer Posted / krishnakumar

The liablities which may or may not arises in future is
called contingent liablities.

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,

1819

---

how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1939

---

what is mean by T and E cosept

2097

---

In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?

2166

---

What is money measurement concept

2170

---

what is a reducing balance method and depreciation fund investment method and 2 diffrences?

2597

---

1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.

2968

---

For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

2142

---

Explain Cash Basis of accounting

2100

---

1. Fdr mature with interest

1908

---

what is account & what is finance

2266

---

what is similarites between tata motors and airtel

2795

---

if jj form not cancelled within 1hour,wat to do

1890

---

what is general HR?

2197

---

if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?

1982

---