Processor Interview Questions and Answers for Freshers

The T-code of invoice in SAP is VF01.

• T-code VF01 is used to create a new invoice in SAP.

• It is commonly used by finance and accounting professionals.

• Other related T-codes include VF02 for changing an invoice and VF03 for displaying an invoice.

LTV stands for Lifetime Value, which is the predicted net profit attributed to the entire future relationship with a customer.

• LTV helps businesses understand the long-term value of a customer.

• It is calculated by multiplying the average value of a sale by the number of repeat transactions and the average retention time.

• Higher LTV indicates a more profitable customer base.

• Example: A customer who buys a $50 product every month for 2 years has an LTV of $1,200.

A mortgage is a loan used to purchase real estate, with the property serving as collateral for the loan.

• Mortgages are typically long-term loans, often lasting 15-30 years.

• The borrower makes monthly payments to the lender, which include both principal and interest.

• If the borrower fails to make payments, the lender can foreclose on the property.

• Interest rates on mortgages can be fixed or adjustable.

• Common types of mortgages include conventional, FHA, and VA loans.