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).
Accounts receivable aging is typically broken into date ranges of 30 days. The report typically reports total receivables that are currently due, as well as receivables that are past due. A table depicting accounts receivable aging provides details of specific receivables based on age. The specific receivables are aggregated at the bottom of the table to display the total receivables of a company, based on the number of days the invoice is past due.