Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables.Click here to view the credit approval data. Click here to view the new records.Complete the following table.(Round to four decimal places as needed.)Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score DecisionY57613$21,00015%N5217$4,00090%Y5922$8,50025%N59911$16,30070%N552101$2,50090%Y57515$16,70018%

Discriminant analysis is a statistical method used for classification and prediction purposes. In…

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Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.1KTQ

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Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Complete the following table. (Round to four decimal places as needed.) Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision Y 546 9 $21,000 15% enter your response here ▼ Approve Reject N 630 1 $4,000 90% enter your response here ▼ Approve Reject Y 574 6 $8,500 25% enter your response here ▼ Reject Approve N 698 3 $16,300 70% enter your response here ▼ Reject Approve N 668 12 $2,500 90% enter your response here ▼ Approve Reject Y 743 4 $16,700 18% enter your response here ▼ Approve Reject Credit Approval Decisions Homeowner Credit Score Years of…
Which one of the following best defines the term credit scoring? A. Categorizing customers into groups depending on the length of time it takes each customer to pay for purchases B. Compiling a list of accounts receivable segregated by the length of time each receivable has been outstanding C. Evaluating the opportunity costs of a credit policy D. Process of quantifying the probability of default when granting credit to customers E. Tracking of both the number and the size of customer orders over a period of time
F SUM of Outstanding balance Status Customer C1003 C1004 C1006 C1010 C1012 C1013 C1026 C1028 C1029 C1036 C1037 C1045 C1048 C1051 G C1055 C1057 C1058 C1061 C1066 C1069 C1075 C1076 C1082 C1085 Grand Total H 0-Not Yet Due 30831 30831 I 1-30 Days 25579 3156 2353 31088 J 11791 26748 31-60 Days 61-90 Days 90+ Days 9367 10460 29297 K 25315 103611 25245 24713 L 49958 4115 1659 18793 12116 22957 20307 7791 30907 12102 12235 22997 25366 200712 M Grand Total 9367 25245 30831 24713 11791 26748 4115 1659 18793 10460 12116 22957 20307 25579 7791 3156 30907 12102 12235 2353 22997 29297 25366 25315 416200 N
Required information [The following information applies to the questions displayed below.] Required: 1. Create a calculated field to calculate the Days Past Due for each invoice. 2. Summarize the accounts receivable by customer. 3. Get the detailed receivables for the customer "Taste of Thai". Ask the Question: How can we use Tableau on the total detailed late accounts receivables balance to get specific detail on invoices due by customer? Master the Data: To begin, we have a list of 200 receivables that are all past their due date as of today's date of 12/31/2021. This is shown in the Excel file Lab 2-2 Data.xlsx, which will be imported into Tableau. Software needed ⚫ Tableau • Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4) Data: Excel File Lab 2-2 Alt Data.xlsx. Perform the Analysis: Refer to Lab 2-2 Alternative in the text for instructions and Lab 2-2 steps for each of the lab parts. Share the Story: Required: 1. What is the grand total amount owed in past due…
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Use this table for calculations: Minimum Days Maximum days % uncollectible 1 30 1.5% 31 60 3.5% 61 90 12% 91 365 70% I need to calculate the number of days each receivable is outstanding look at image to fill in , show work when calculating or using formulas , included all work please. After that fill in the schedule accounts recievable shown in the other image for context. When filling in the schedule of accounts recievable show what the formulas w you use and all work.
Please fill up the three blanks and explian how it was done if you can (what rules/formulas were used).
Give Me More Credit uses the aging method to calculate its "Allowance for Expected Credit Losses". The aging report indicates that $17,627 of its $101,474 of accounts receivables are estimated to be uncollectible. If the Allowance for Expected Credit Losses has a $1,101 credit balance (Before any adjustments), we will DR. Credit Losses for:
I need fast answer and show work without plagiarism please
i need the answer quickly
Sunland Resort Corp. issued a 20-year, 6%, $274.000 mortgage note payable to finance the construction of a new building on December 31, 2021. The terms provide for semi-annual instalment payments on June 30 and December 31. Prepare the journal entries to record the mortgage note payable and the first two instalment payments assuming the payment is a fixed principal payment of $6.850. (Round answers to O decimal places, eg. 5,276. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Issue of Note Dec. 31, 2021 (Torecord issuance of note.) First Instalment Payment June 30, 2022 (Torecord p con note.) Second Instalment Payment Dec. 31, 2022 (Torecord payment on note.) eTextbook and Media List of Accounts Prepare the journal entries to record the mortgage note payable and the first two instalment…
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