The lower the rate, the higher the PLF. The initial mortgage insurance premium (MIP) payable. This is significantly higher (2.5 percent of the propertyâs appraised value) for those who wish to withdraw 60 percent or more of the total made available under the reverse mortgage during the first year of the loan. Those who need less than 60 percent in those first 12 months pay just 0.5 percent.
Know what data you need. The average accounts receivable collection period can be calculated from the following equation: Period=DaysReceivablesTurnover{\displaystyle Period={\frac {Days}{ReceivablesTurnover}}}. In the equation, days refers to the number of days in the period being measures (usually a year or half of a year).
â¢ Review the list of accounts receivable each month to verify balances are correct. â¢ Investigate and resolve outstanding receivables that are over 60-90 days aged. â¢ Do not void invoices from a prior period; instead record a currently dated credit memo. Prepaid Expenses per schedule