Review Annual Profit RateGiven the following information compute the annual profit rate:Investment Duration (months)Balance Account100025000015000012246Profit Distributable30235001500Application MudarabaThe Unre tricted Investment Accounts (UIA) of an Islamic Bank are based on a Mudarabaagreements with a profit-sharing ratio of 40% (Mudarib) and 60% (Capital Provider). TheIslamic bank invested the UIA balance of QR 2.500.000 million in an oil company for one yearwith the agreement to share the profit with the oil company using the following ratio 55%(Mudarib) and 45% (Capital Provider). At the end of the year the oil company earned QR125.000 as profit.Find the income distributable to the UIA holders.Find the UIA holders annual profit rate.Suppose the market annual profit rate for the same type of Unrestricted InvestmentAccounts is 1.75 %. What would be the new profit-sharing ratio between the IslamicBank and the Unrestricted Investment Accounts holders.

Alright, let's go through the calculations:1. Investment 1 (12 months):Annual Profit Rate1=Annual…

Answered: Given the following information compute…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.3AP

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You are considering two possible companies for investment purposes. The following data is available for each company. Company A Net credit sales, Dec. 31, 2019 $540,000 Net Accounts receivable, Dec 31, 2018 $120,000 Net accounts receivable, Dec 31, 2019 $180,000 Number of days sales in receivables ratio, 2018 103 days Net Income, Dec. 31, 2018 $250,000 Company B Net credit sales, Dec. 31, 2019 $620,000 Net Accounts receivable, Dec 31, 2018 $145,000 Net accounts receivable, Dec 31, 2019 $175,000 Number of days sales in receivables ratio, 2018 110 days Net Income, Dec. 31, 2018 $350,000 Additional Information: Company A: Bad debt estimation percentage using the income statement method is 6%, and the balance sheet…
A Input Area: Interest Income $ Amount of line of credit Term (months) Annualized interest rate on line of crdt Interest Cost Average deposit balance Annualized interest rate on deposit bal Expected Revenues Loan commitment fee (1%) Deposit management fees Wire transfer fees B Fees for agency services Expected Costs Cost of other funds raised Account activity costs Wire transfer costs Loan processing costs Recordkeeping costs Output Area: Expected Revenues Interest income from loan (4%, 9 mo,) Loan commitment fee (1%) Deposit management fees Wire transfer fees Fees for agency services Total Revenues Expected Costs Interest paid on customer deposits Cost of other funds raised Account activity costs Wire transfer costs Loan processing costs Recordkeeping costs Total Costs Total Revenues - Total Costs Before-tax rate of return over costs from the entire relationship C 10,000,000 6 4.00% 2,125,000 2.50% 100,000 4,500 3,500 4,500 180,000 5,000 1,300 12,400 4,500 D E
MANCOSA POSTGRADUATE DIPLOMA IN PRORCT MANAGEMENT QUESTION REQUIRED Use the information provided below to calculate the following ratios. Where applicable, und e answers to two decimal places 111 Gross profe margin 312 Operating profit margin 31.3 invertory turnover period 31.4 Trade recelvatles peried 31.5 Trade payables period 31 316 Current ratio 3.1.7 Acid test ratio 3.18 Return on capital employed 32 Comment on the control ef debtors by Saturn imited Sugpest TWO 2) ways in which Saturn Limited can improve its operating profit margin. 33 INFORMATION Excerpts of financial data of Satum Limited for 2019 are as follows: STATEMENT OF COMPREHINSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 2600 00 Cost of sales Gros proft Operating profit 1400 000 600 000 40 000 S60 00 Interest expense Proft before tas Tan N STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2019 2008 ASSETS Non-current assets Inventories Accounts recelvable 780000 500 000 240 000 120 000 45L000 1250 p0 EQUITY AND…
Q: Suppose a customer visits an Islamic Bank for opening investment account. This investment account is opened through Mudharabah contract. Required: Identify the nature (type) of contract. What are the roles (names) of Islamic Bank and customer in this contract? If the Islamic Bank decides that the customer (depositor) will be compensated with a 10% rate of return at the end of each month for the first year and then according to the KIBOR rate. Is this return allowed in Islamic Law? What are Islamic principles (Shariah rulings) regarding the profit and loss distribution in a Mudharabah contract?
Review the select information for Liquor Plaza and Beer Buddies (industry competitors) and complete the following. A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. B. Compute the number of days sales in receivables ratios for each company for 2018 and 2019. C. Determine which company is the better investment and why. Round answers to two decimal places.
Please answer it within 45mins,it would be helpful!!! Which pair of ratios would provide the MOST USEFUL information to a bank providing a long-term loan to a business? Group of answer choices: Gearing and interest cover Return on equity and EPS Asset turnover and ration of expenses to sales ROCE and gross profit margin
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10. Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. B. Compute the number of days' sales in receivables ratios for each company for 2018 and 2019. C. Determine which company is the better investment and why. Round answers to two decimal places. BEAN SUPERSTORE LEGUMES PLUS Comparative Balance Sheet December 31, 2017, 2018, and 2019 Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 2019 2018 2017 Assets Cash $345,600 67,000 145,830 100,465 $330,460 62,000 178,011 101,202 $300,000 59,000 155,205 103,085 $407,000 85,430 128,080 182,006 $386,450 82,670 40,036 23,400 $356,367 79,230 52,142 111,701 Accounts Receivable Inventory Equipment Total Assets $658,895 $671,673 $617,290 $802,516 $532,556 $599,440 Liabilities Salaries Payable Accounts Payable Notes Payable $ 91,455 $ 90,200 70,000 41,000 $ 88,563…

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