Answer:
It takes a share in the profits that are derived from the investment.
Explanation:
The Mudarabah banking system is a financial concept that is structured on partnership, wherein one partner is the financier (rabbulma) while the other partner is responsible for the supply of labor and skills (mudarib) for the management of the capital invested in the business. Consequently, the factors of production in this system are, labor, capital and entrepreneurship.
The Mudarabah is of two types:
1. Restricted mudarabah: if the financier states a particular business for which the capital is to be invested in.
2. Unrestricted mudarabah: if the financier permits the fund manager or entrepreneur (mudarib) to invest the capital in any business of choice.
Under the mudarabah banking system, when an Islamic bank lends money to a business, it takes a share in the profits that are derived from the investment for a specific period of time.
Hence, it's a banking system peculiar to the Islamic world and the contractual partners shares profit and loss based on a pre-defined and agreed ratio.
Answer:
Brainwriting
Explanation:
Brainwriting is a way of getting ideas from each individual participants in a team or group. This method involves the members of the team writing the ideas that each one of them have in papers instead of verbally contributing their ideas.
That way, the members of the team can all contribute to the brainstorming session as coordinated by the team leader.
In the case of Marcia, she also requires her team members to contribute ideas individually so that each idea is read out one after the other and analyzed. That way, every member of the team is involved rather than two or three people controlling the session.
Cheers
Answer:
a documenting and sharing a risk
Explanation:
In the world of risk management, there are four main strategies:
Avoid it.
Reduce it.
Transfer it.
Accept it.
9 Types of Effective Risk Management Strategies
Identify the risk. Risks include any events that cause problems or benefits. ...
Analyze the risk. ...
Evaluate the risk. ...
Treat the risk. ...
Monitor the risk. ...
Avoidance. ...
Reduction. ...
Sharing.
Answer:
Part (a)
Equivalent units for materials using the weighted-average method is 70500 units
Part (b)
Equivalent units for conversion costs using the weighted-average method is 52735 units
Explanation:
Transferred Out(eqiv) Ending Inventory(equiv) Total
Materials 49600 20900 70500
Conversion Cost 49600 3135 52735
<u><em>Equivalent units for materials</em></u>
Transfered Out Units are 100% complete in terms of materials. Hence 49600 equivalent units.
Ending Inventory is 100% complete in terms of materials hence 20900 equivalent units.
<u><em>Equivalent units for Conversion Costs</em></u>
Transfered Out Units are 100% complete in terms of Conversion Costs. Hence 49600 equivalent units.
Ending Inventory is 15% complete in terms of materials hence 3135 equivalent units.
Answer:
Explanation:
Big Z:
(a) Direct Labor $ per Unit = 19
(b) Direct Labor $ per hour = 25
(c ) Hour per unit(a/b) = 19/25 = 0.76
(d) Units in next year = 39,000
( e) Total hours (c*d) = 0.76*39,000 = 29,640
Little Z:
(a) Direct Labor $ per Unit = 15
(b) Direct Labor $ per hour = 25
(c ) Hour per unit(a/b) = 15/25 = 0.60
(d) Units in next year = 16,000
( e) Total hours (c*d) = 0.60*16,000= 9,600
Total estimated direct labor hours for this next year = 29,640+9600 = 39,240