User Account

All Pages

Calculate the profit or loss earned or incurred by the bank

Assignment Help Accounting Basics
Reference no: EM132540362

Question - Bank Muamalat Malaysia Berhad contributed $500,000 for a Mudarabah contract (Mudarabah Muqayaddah) for property development project to Gombak Properties. The profit sharing ratio agreed by both parties is 2:1 between the Bank (Rabb al-Mal) and Gombak Properties (Mudarib) respectively. The project incurred loss of $100,000 in the first year; realized profit $375,000 in the second year; realized profit of $450,000 in the third year, realized profit of $220,000 in the fourth year and incurred loss of $80,000 in the fifth year.

Required - Calculate the profit/loss earned/incurred by the bank for the years 1 to 5.

Reference no: EM132540362

Questions Cloud

Calculate the December ending balance of retained earnings : The average income tax rate of 40% applies to all items except the dividends. Calculate the December ending balance of retained earnings
What kind of positive or negative consequences : What kind of positive or negative consequences do you see from this overemphasis on hundred percent capacity utilization rather than customer service level?
Effective ear over the holding period : You buy a bond with a $1,000 par value today for a price of $925. The bond has 7 years to maturity and makes annual coupon payments of $85 per year.
What is the profit percent the company achieved : The profit of this company was $950,000 in 2014. Show the profit trend between 2014 and 2015 and interpret the meaning of the trend figure obtained.
Calculate the profit or loss earned or incurred by the bank : The profit sharing ratio agreed by both parties is 2:1 between the Bank (Rabb al-Mal). Calculate the profit or loss earned or incurred by the bank
Create persuasive plan of your compelling vision : Create a persuasive plan of your compelling vision for organizational innovation revival within the organization.
Solve the individual adrs for single and double rooms : Solve the individual ADRs for single and double rooms for Gordio. The management of 50-room Gordion Hotel, which has single and double
Languages in visualizing data when analyzing big data : Discuss how you foresee using either/both of these languages in visualizing data when analyzing big data.
What amount of interest should be credited : The partnership agreement of Niza and Sala provides the interest at 20% per year. What amount of interest should be credited to Sala's capital account for 2019

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd