Musharaka with losses Assume the following: _ A company is importing and selling Mercedes cars. _ An Islamic bank invests US$8 million for an 80% profit share._ An investor invests US$2 million for a 20% profit share. _ The investor is to be paid a 10% management fee as percentage of profit after expenses. Assume: Sale proceeds = US$9,200,000 Expenses = US$200,000 Calculate: 1: The total return to the bank: 7,200,000 2.The total return to the investor: 1,800,000 show how they receive the numbers: image is attached for instructions:
Musharaka with losses Assume the following: _ A company is importing and selling Mercedes cars. _ An Islamic bank invests US$8 million for an 80% profit share._ An investor invests US$2 million for a 20% profit share. _ The investor is to be paid a 10% management fee as percentage of profit after expenses. Assume: Sale proceeds = US$9,200,000 Expenses = US$200,000 Calculate: 1: The total return to the bank: 7,200,000 2.The total return to the investor: 1,800,000 show how they receive the numbers: image is attached for instructions:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Musharaka with losses
Assume the following:
_ A company is importing and selling Mercedes cars.
_ An Islamic bank invests US$8 million for an 80% profit share._ An investor invests US$2 million for a 20% profit share.
_ The investor is to be paid a 10% management fee as percentage of profit after expenses.
Assume:
Sale proceeds = US$9,200,000
Expenses = US$200,000
Calculate:
1: The total return to the bank: 7,200,000
2.The total return to the investor: 1,800,000
show how they receive the numbers: image is attached for instructions:
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