...1. Consider a football team for whom the numbers on the active players’ jerseys are 29, 41, 50, 58, 79,…, 10 (listed in alphabetical order of players’ names). Does it make sense to calculate the means of those numbers? Why are why not? No because it doesn’t make sense to calculate jersey numbers but stats maybe 2. The Fair Isaac Corporation (FICO) credit rating scores obtained in a simple random sample are listed below: 714 751 664 789 818 779 698 836 753 834 693 802 a. Find mean, median, mode, and midrange. 714+ 751+ 664+ 789+ 779+ 698+ 836+ 753+ 834+ 693+ 802= 9131 Mean 760.9 Median 766 Mode 0 Midrange 766 b. As of this writing, the reported mean FICO score was 678. Do these sample FICO scores appear to be consistent with the reported mean? No it was much higher 3. A student earned grades of 92, 83, 77, 84, and 82 on her five regular tests. She earned grades of 88 on the final exam and 95 on her class projects. Her combined homework grade was 77. The five regular tests count for 60% of the final grade, the final exam counts for 10%, the project counts for 15%, and homework counts for 15%. What is her weighted mean grade? Grades 92+ 83+ 77+ 84+ 82/ 5 = 83.6 Regular grades 83.6 x0.60= 50.16 Final exam 88 x 0.10 = 8.8 Class project 95 x 0.15 = 14.25 Homework 77 x 0.15 = 11.55 Her weighted mean grade is 84.71 4. Bao Xishun is the world’s tallest man with a height of 92.95 in. (or 7 ft. 8.95 in.). Men have heights with a mean of 69.6...
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...MA3110: Week 3 Measures of Center Exercise 3.1 Calculating Measures of Center Solve the following and include a show of steps for all calculations. 1. Consider a football team for whom the numbers on the active players’ jerseys are 29, 41, 50, 58, 79,…, 10 (listed in alphabetical order of the players’ names). Does it make sense to calculate the mean of those numbers? Why or why not? 2. The Fair Isaac Corporation (FICO) credit rating scores obtained in a simple random sample are listed below: 714 751 664 789 818 779 698 836 753 834 693 802 a. b. Find mean, median, mode, and midrange. As of this writing, the reported mean FICO score was 678. Do these sample FICO scores appear to be consistent with the reported mean? 3. A student earned grades of 92, 83, 77, 84, and 82 on her five regular tests. She earned grades of 88 on the final exam and 95 on her class projects. Her combined homework grade was 77. The five regular tests count for 60% of the final grade, the final exam counts for 10%, the project counts for 15%, and homework counts for 15%. What is her weighted mean grade? 4. Bao Xishun is the world’s tallest man with a height of 92.95 in. (or 7 ft. 8.95 in.). Men have heights with a mean of 69.6 in. and a standard deviation of 2.8 in. a. b. Convert Bao’s height to a z-score. Does Bao’s height meet the criterion of being unusual by corresponding to a z-score that does not fall between -2 and 2? 1...
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...In the world we live in today having a good FICO score is definitely an essential in getting where you want to be in your future. From purchasing a new home, buying a new car, applying for a small business loan, to even applying for a job, your FICO score has a major impact in that decision making process. FICO scores consist of a mathematical equation that evaluates many different types of information from your current and past credit history and your standings with those companies. An individual’s FICO score is consisted of 3 major agencies that track these. The three bureaus are Transunion, Experian, and Equifax. All three of these report and monitor in different forms but they are all a source of referral when applying for any type of credit inquiry. FICO scores can range from 300-850, the higher the score of an individual, the lower the risk is considered. The lower the score the higher the risk is considered. When a person goes to apply for a loan, job, etc. the company will then go and look at the individuals credit score. When a person has a positive credit history, it is more likely that he/she will be approved because of this and it will reflect in their score. It is beneficial to always pay bills on time, keep your debt low and pay early on bills if possible or more than the required payment. The world is evolving every day and in today’s society even getting a job can depend on an individual’s credit score. If an individual were to go and apply for...
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...John & Jacob Case Study Phill blank May 25, 2013 1. The best method for Edward to involve each office is to have a committee team. Each office would have one representative which would bring information from each office team. Edward should use a questionnaire which should be sent to each office. The representative from the office gathers each of the questionnaires and have them consolidates the answers. The representative from the office will also gather any other information the team would like to identify as a group on what they need in a new system. After Edward has completed gathering the information from each of the 30 locations he can build a prototype of the website and present this to all the 30 trading offices via a Webinar to ensure all the requirements needed have been addressed. 2. Edward can get the customers involved by asking survey questions to their existing customers with specific questions to be answered. Edward can also have an interview meeting with their top clients and ask interview questions to gather more information which would affect John and Jacob’s customer service. Edward can send survey’s to each customer on the Customer list of John and Jacob’s group. 3. The other users Edward can consider would be the Management Users. The Management User he can ask questions to that relate to the type of reports them system needs to produce. Another question is how much information requested needs to be displayed and how often. Edward would...
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...FICO Credit scores and the Fair Credit Reporting Act (FCRA) 1. The most widely used credit score is the FICO Score, the credit score system created by the Fair Isaac Corporation. 2. Lenders use the FICO Score to help them make billions of credit decisions every year. 3. Fair Isaac calculates the FICO Score based solely on information in consumer credit reports maintained at the credit reporting agencies. 4. The Fair Credit Reporting Act (FCRA) requires Equifax, Experian, and TransUnion (credit- reporting agencies) to provide you with a free copy of your credit report once per year. 5. FICO Credit scores have five factors Payment History, Outstanding Debt, Length of your Credit History, Recent Inquiries on Your Report, Types of Credit in Use. 6. How to improve your fico score Request a free copy of your credit report and check it for mistakes, such as incorrect late payments and balances. 7. Make sure that you pay your bills on time. 8. Consider setting up automated payments or payment reminders if you continue to have problems paying your bills on time. 9. Stop using your credit cards and start paying them off. 10. Don't close credit cards once they are paid off and don't apply for credit cards unnecessarily. 11. Refrain from using your credit cards again until they are paid off and you know how to use them. 12. Learn how to manage your finances in a positive way that increases your FICO Score and gets you into a more positive position. ...
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...scores and how to improve them. Using the Internet and ITT Tech Virtual Library, you will research how the credit score is calculated and what influences the credit score. Answer the following questions in detail. How is your credit score (FICO) created? Who reports your FICO score? What are the factors in determining the FICO score? What steps could you take to improve your FICO score? Required Resources Skills for Living a Rich Life, Chapter 12 Computer with MS Word and Internet access ITT Tech Virtual Library Printer Submission Requirements Prepare a two- to three-page typed paper, double-spaced, using 12-point Times New Roman font. Please include appropriate references in APA format. This assignment is due at the beginning of Unit 8. GS2745 UNIT 7 ASSIGNMENT 1 How is your credit score (FICO) created? FICO Scores are calculated from several different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining how your FICO Scores are calculated. Your FICO Scores consider both positive and negative information in your credit report. Late payments will lower your FICO Scores, but...
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...Americas believe loan securitization is the problem? In most cases, when we can’t laugh at our mistakes, we have already started looking for someone to blame. In the case of our current mortgage crisis, we have engaged in a myriad of who’s to blame. Some say the lenders failed to properly screen borrowers, while others say the government protected the secondary market as they bought and sold one bad note after another. Most people believe that securitization started in 2004 and continued until the housing market crashed. However, securitization can be traced back for decades without issues that we face today. Banks and lenders often rely on a borrower’s Fair Isaac Corporation Score also know as FICO score which is another name for a credit score. By 2005 most banks and lenders used the FICO of 620 as a...
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...University of Phoenix Material Credit History Worksheet Directions Identify the following factor descriptions to their corresponding C of credit. Highlight, bold, or underline the correct answer. 1. Jack and Jill want to buy a car. They are using another car for ___________ as a promise to pay. a) Capacity b) Capital c) Collateral d) Character e) Conditions 2. Under these _______________, you may still be approved with a cosigner. a) Capacity b) Capital c) Collateral d) Character e) Conditions 3. Henry has a history of not staying with a job for an extended period of time. Which of the C’s would a lender be looking at? a) Capacity b) Capital c) Collateral d) Character e) Conditions 4. Madaline is a stay-at-home mom seeking to start a home-based business. She would need a cosigner in order to qualify for a loan. What other C’s might she need for this loan? a) Capacity b) Capital c) Collateral d) Character e) Conditions 5. Lenders use a debt-payment-to-income ratio to evaluate this particular C. a) Capacity b) Capital c) Collateral d) Character e) Conditions Credit Score Resources: • Five C’s web page located at the following link: http://www.loanuniverse.com/credit.html. • Annual Credit Report website www.annualcreditreport.com. • Fair Isaac website (www.myfico...
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...FINAL ASSIGNMENT ORGANIZATION, DESIGN, DYNAMICS Anggota: Edwina Leila (0134121007) Novrica Puteri (0134121017) Valensia (0134121003) Yunike Timothy (0134121040) Lindsey Leslie (0134121025) Accounting 4B DAFTAR ISI Cover……………………………………………………………………………………………………………………..Daftar Isi…………………………………………………………………………………………………………………. BAB 1 Pendahuluan…………………………………………………………………………………………........ 1.1 Profil Perusahaan………………………………………………………………………………………… 1.2 Alasan Memilih Perusahaan………………………………………………………………………. 1.3 Batasan Studi……………………………………………………………………………………………. 1.4 Critical Issue…………………………………………………………………………………………………. BAB 2 Tinjauan Teori……………………………………………………………………………………………… 2.1 Organizational Environment…………………………………………………………………………. 2.2 Organizational Design……………………………………………………………………………………. 2.3 Organizational Changes…………………………………………………………………………………. 2.4 Organizational Culture………………………………………………………………………………….. 2.5 Survival Strategies…………………………………………………………………………………………. BAB 3 Analisis Masalah…………………………………………………………………………………………... 3.1 Masalah Mengenai Pendanaan Perusahaan………………………………………………….. 3.2 Pengaruh Struktur Organisasi terhadap Akuntansi Perusahaan…………………….. BAB 4 Rekomendasi……………………………………………………………………………………………….. BAB 5 Kesimpulan………………………………………………………………………………………………..... Lampiran……………………………………………………………………………………………………………...... Daftar Pustaka………………………………………………………………………………………………………... BAB 1 PENDAHULUAN 1.1 Profil Perusahaan Petrus Kanisius Ojong bertemu dengan Jakob Oetama...
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...System. However, I wasn’t aware how much The Financial System really affects my life personally until my husband and I decided to purchase our first home last summer. When you go to buy a home you take out a mortgage, and the interest rate that you receive that is charged on the mortgage is referred to as the mortgage rate. Lenders usually decide what the mortgage rate will end up being. Mortgage rates can be either a fixed mortgage rate which means it doesn’t change over the life of the mortgage, or variable meaning it changes based on the current market interest rate. The thing that has the most impact on your mortgage rate you receive, and whether you will even be able to take out a loan on a home at all is your FICO (Fair Isaac Corporation) credit score. Your FICO credit score is comprised of your three credit scores from the three top credit reporting...
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...A good credit score can save consumers money with lower interest rates because lenders use it to determine credit risk. Lenders use different tools to determine risk; the most widely used tool is the FICO Credit Scoring system. Maintaining a satisfactory credit score is important because lenders consider this an important tool for determining credit risk. According to the Fair Credit Reporting Act, the definition of a credit score is “a numerical value or a categorization derived from a statisticaltool or modeling system used by a person who makes or arranges a loanto predict the likelihood of certain credit behaviors, including default (and the numerical value or the categorization derived from such analysis may also be referred to as a “risk predictor” or “risk score”); and does not include any mortgage score or rating of an automated underwriting system that considers one or more factors in addition to credit information, including the loan to value ratio, the amount of down payment, or the financial assets of a consumer; or any other elements of the underwriting process or underwriting decision” (FCRA §609(f) (2)). Although there are different types of credit scoring models, the most widely used is the FICO scoring system, created by Fair, Isaac, and Company. The factors that make up this score are as follows: payment history, new credit, amounts owed, length of credit history, and types of credit used. The length of time used for creating the score is the...
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...this applicant because of the outstanding FICO score of 730 and there is no late payment in last year and no defaulted loans in the last five years. She should get the bank’s prime rate plus 0.5% Application B I would approve the loan for Brandon Chetkey because he has a good FICO Score of 650 and no late payment in last year and no defaulted loans in the last five years. However, before I do that I will ask for more information regarding his current employment and income status, and if he has any other loans (such as car loan and student loan) because the loan amount is a bit large ($300,000). Application C According to the bank’s lending manual I can approve this loan with prime rate plus 2.5%. I would ask for more information regarding his current employment and income status, and if she has any other loans because of the large loan amount ($250,000). Most importantly I need more details on the late payment, such as what kind of payment. Is that credit card bill, medical bill, or tax bill? How late was the payment? Has she ever pay back the balance plus interest and late fee? Application D I will approve the loan for this applicant. Daniel’s FICO score of 680 is excellent although he is one late payment late. I am okay with that if he made the payment within a week of the due date and don’t have any other outstanding balance. Application E I would do extra thorough examination for this application because of the low FICO score and the two late payments in the...
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...Factors that Affect Credit Score? FICO makes the formulas and programs for all credit reporting agencies. The names of formulas and actual procedures are different from agency to agency, the basic factors affecting credit score are however the same and the basic formula and its constituents remain the same. The three different models for credit scoring by FICO include, BEACON score used by Equifax, Experian/Fair Isaac Risk Model used by Experian and EMPIRICA used by TransUnion. The companies do not disclose the exact formulas but as per FICO resources, the following are the things that make up a credit score and also tend to affect the score. * Payment History (35%): The payment history basically consists of all your past accounts and the regularity with which payments have been made. A bad and irregular payment history causes the score to drop down. * Amounts Owed (30%): The total amount of debts owed to other lenders is also an important consideration in the score calculation. The standard equation is, more the amounts owed, less is the credit score. Hence keep the credit history and current liabilities to the bare minimum. * Length of Credit History (15%): The length of the credit history is also considered. Rule of the thumb is that longer the history, lesser is the score. Thus avoid unnecessary borrowings and keep them to the bare minimum. * New Credit (10%): New credit consists of the newly borrowed loans or newly taken up credit cards. Keeping it small always helps, as...
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...There's one thing that's always true, though: The FICO model is set up to place more value on current behavior than on past behavior. That means that the effect of your old credit troubles lessens over time if you start handling credit more responsibly. It's generally a lot easier to lose points on your score than it is to gain them back, which is why it's so important to know how to improve and protect your score. Now that you understand in general how credit scores are calculated, we can move on to some specifics. The following are the five main factors that affect your FICO score according to their relative level of importance. 1. Payment...
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...SAP FICO: SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data. ◾SAP FI is the important module of all SAP implementations ◾SAP FI (Financial Accounting) is used for external reporting i.e. Balance sheet, Profit and Loss statements ◾SAP FICO Module integrates with various other SAP Modules such as MM (Materials Management), SD (Sales and Distribution), PP (Production Planning), PM (Plant Maintenance), and PS (Project Systems). ◾SAP FI (Financial Accounting) Module receives postings from various other modules such as Materials Management, Sales and Distribution, Human Resource) through integration. ◾All accounting-relevant transactions which are made in Logistics (LO) are posted real-time to Financial Accounting by automatic account determination. This data can also be passed on to Controlling (CO). SAP FI Modules contains the following sub-modules ◾General Ledger accounting ◾Accounts Receivables ◾Accounts Payable ◾Asset Accounting ◾Bank Accounting ◾Consolidation ◾Special Purpose Ledger ◾Travel Management General Ledger Accounting: - The general ledger accounting is to provide a complete report for external and internal accounting i.e. Accounts, Journals, Monthly debits and Credit, Balance sheet and Recording all business transactions. Accounts Payable: - The Accounts Payable records and manages all accounting data related to vendors Accounts...
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