Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Chapter 1, Problem 1P

Download and consider the data dictionary file “LCDataDictionary,” specifically the LoanStats tab. This represents the data dictionary for the loans that were funded. Seeing all of the data attributes listed there, which attributes do you think might predict which loans will go delinquent and which will ultimately be fully repaid? How could we test that?

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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.
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