Question SixThe following financial data pertains to the results of DIB Limited at the end of 2012:Average account balances:Current accountInvestment accountsBank EquityPortion of Equity already absorbed infunding fixed assets and bank subsidiariesrevenue (net of expenses) generatedby the above funds15,000,000 Unrestricted60,000,00040,000,00030,000,000 Net8,600,000Bank policy regarding percentage of fund actually invested:Current accountsUnrestricted Investment accounts40%90%Equity Available for Investments100%The Bank has a policy to deduct 5% of the Mudharabah h net revenue as profit equalization reserveand 5% of the investors' share of profit as Investment risk reserve. The profit sharing as per theMudharabah h contract is 75% for investors, 25% for bank.Required:i.Allocate Mudharabah h net revenue between investment account holders and equity holders.Calculate each of the profit equalization reserve and the Investment risk reserve and thedistributable share of the investor account holders' profits.ii.

Net revenue is the amount of money a business or organization makes after subtracting the costs of…

Answered: The following financial data pertains…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 10CDQ

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The following is an extract from the financial statements of Pompeii at 31 October: 20X7 20X6 $00 $000 Equity and liabilities: Share capital 120 80 Share premium 60 40 Retained earnings 85 68 265 188 Non-current liabilities: Bank loan 100 150 365 338 What Pompeii's net cash inflow or outflow from financing activities to include in the statement of cash flows for the year ended 31 October 20X7?
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