Please answer all questions . i dont have any other questions left and this is my final.

Question 1 Allocated Mark = 5 marks a. Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization of shareholder wealth? (3 marks) b. What form of partnership allows some of the investors to limit their liability? Explain briefly (2 marks) Answer :Student Mark Question 2 Allocated Mark = 5 marks a. Discuss the problem of applying the three main prohibitions in Islamic finance, (2 marks) b. Explain each of the following terms: i. Murabahah as trade-like instrument (1 mark) ii. Musharakah as equity-like instrument (1 mark) ii. Mudaraba as equity like instrument (1 mark) Answer Question 3 Allocated Mark = 5 marks Du Pont system of analysis. Alaa Stores has $4,780,000 in yearly sales. The firm earns 4.5 percent on each dollar of sales and turns over its assets 2.7 times per year. It has $123,000 in current liabilities and $349,000 in long-term liabilities. a. What is its return on stockholders' equity? (2 mark) (hints: stockholder equity = total assets - total liabilities) b. If the asset base remains the same as computed in part a, but total asset turnover goes up to 3, what will be the new return on stockholders' equity? Assume that the profit margin stays the same as do current and long-term liabilities. (3 mark) Formulas: Net income = Sales x profit margin Total Equity = Total assets - total liabilities Total Assets = Sales / Assets Turnover Total Liabilities = Current Liabilities +Long term Liabilities ROE = Net Income / Total Equity Sales = Total assets x Total turnover Answer :Student Mark Question 4 Allocated Mark = 5 marks a. Schedule of cash receipts. Mabrook Company has made the following sales projections for the next six months. All sales are credit sales. March $41,000 April May June July August 50,000 32,000 47,000 58,000 62.000 Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 40 percent are collected in the month of sale, 30 percent are collected in the following month, and 20 percent are collected two months after sale. Using the table below, prepare a monthly cash receipts schedule for the firm for March through August. Show ALL necessary calculations. (2 marks) January February March April May June July August Sales S41,000 $39,000 $41,000 $50,000 $32,000 $47,000 $58,000 62,000 Collections |(40% of current sales) Collections (30% of prior month's sales) Collections (20% of sales 2 months earlier) Total cash receipts Nb: Start from March b. Cost of goods sold. On December 31, 2019, Fatima Corporation had an inventory of 450 units of its product, which cost $22 per unit to produce. During January, the company produced 850 units at a cost of $25 per unit. Assuming that Fatima Corporation sold 800 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.) Nb: use the following structure Cost of goods sold on .... units Old inventory: Quantity (units) Cost per unit $ ... Total S...... New inventory Quantity (units) Cost per unit Total S Total cost of goods sold (Old + New)