DATA ANALYTICS FOR ACCOUNTING W/CONNECT
DATA ANALYTICS FOR ACCOUNTING W/CONNECT
1st Edition
ISBN: 9781260574449
Author: RICHARDSON
Publisher: MCG
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Chapter 1, Problem 12DQ
To determine

Explain why the debt-to-income attribute might be included in the declined loans dataset considered in the chapter be a predictor of declined loans. Explain how about the credit (risk) score.

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Nicole is a calendar-year taxpayer who accounts for her business using the cash method. On average, Nicole sends out bills for about $12,000 of her services on the first of each month. The bills are due by the end of the month, and typically 70 percent of the bills are paid on time and 98 percent are paid within 60 days. a. Suppose that Nicole is expecting a 2 percent reduction in her marginal tax rate next year. Ignoring the time value of money, estimate the tax savings for Nicole if she postpones mailing the December bills until January 1 of next year.
General accounting
Can you solve this general accounting question with accurate accounting calculations?
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