Answer:
cannot pay or charge interest.
Explanation:
Islamic banks are banks that are based on Islamic laws or Sharia laws which is found in the Qur'an.
In Islamic banking, all banking transactions must be compliant with the Sharia laws.
Islamic banks differ from conventional banks in that :
1. they prohibit usury : Usury is charging interest on loans
2. they prohibit all forms of speculation : Islamic laws prohibit all forms of gambling
3. Investments in items that are not allowed in the Qur'an e.g. alcohol
Islamic bank use equity participation to make money. When an Islamic bank lends money to a business, instead of charging interest on the loan, the receive equity in that business and are entitled to a part of the company's shares
The Credit card Commercials do not usually reveal
people making payments for month/year on the credit card purchase.
<h3>What is the usage of commercial credit card?</h3>
A commercial card is a credit card provided by employers to their workers to be used for business transactions.
Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.
Learn more about credit card here
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It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
<h3>What do you mean by
information age?</h3>
The concept of the "Information Age" holds that having access to and control over information characterizes the current phase of human civilization. This is the Information Age. The world as we know it today is a product of all the eras from the Stone Age to the Industrial Revolution.
Hence, It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
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"Your question is incomplete, probably the complete question/missing part is:"
TRUE OR FALSE: the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.
Explanation:
The construction of the income statement for the year ending 2015 is attached in the attachment. Kindly find it below:
As we know that the income statement records only the revenue and the expenses for the particular year
If the income is higher than the revenue, the company earns the net income otherwise it is a net loss and the same is to be reported on the statement of the stockholder equity
The earning per share is
= Net income ÷ Shares outstanding
and the same is shown in the attachment
Answer:
5.4%
Explanation:
Several years ago the Haverford Company sold a $1,000 par value bond that now has 25 years to maturity and an 8.00% annual coupon that is paid quarterly. The bond currently sells for $900.90, and the company’s tax rate is 40%. What is the component cost of debt for use in the WACC calculation
Face value of bond = coupon amount / interest rate
1000 = 80 / 8%
Therefore 900.9 = 80 / revised interest rate
multiply both sides by the 'revised interest rate
revised interest rate x 900.9 = 80
Hence, revised interest rate = 80 / 900.9 = 9%
Secondly if the company’s tax rate is 40%, the component cost of debt for use in the WACC calculation = kd (1 - t)
where:
kd = Cost of debt
t = tax rate
Therefore cost of debt for use in the WACC calculation = 9% (1-0.4) = 5.4%
