Question

Q1: A zakat payer has agriculture production from land with market value SR 100,000 and he...

Q1: A zakat payer has agriculture production from land with market value SR 100,000 and he is watering the corporation by using modern tools. Would you calculate alms on agriculture?   

Q2: Assume in the previous example that watering is without cost. Would you calculate alms on agriculture?

Homework Answers

Answer #1

Q1:Market value of agriculture land =SR 100000

He watering the land.,so the rate of alms will be 20th part of total value

Total alms amount =100000/20.   

                           =SR 5000

Q2: Yes , calculation alm shall be at 10% because there is no cost of watering for the agriculture produce. ie.SR 100000/10= SR10000.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
STEPHENSON REAL ESTATE RECAPITALIZATION         Market value balance sheet before the land purchase is: Market value...
STEPHENSON REAL ESTATE RECAPITALIZATION         Market value balance sheet before the land purchase is: Market value balance sheet Assets $533,500,000 Equity $533,500,000 Total assets $533,500,000 Debt & Equity $533,500,000 Market value balance sheet after purchase of land: Note, to calculate the NPV of the project, you must perform a calculation to determine the earnings they will receive from this purchase                Market value balance sheet Old assets $533,500,000 NPV of project enter value Equity enter value Total assets Sum total...
Q1) Consider the following statements: Statement 1. When amortizing a bond discount, the bond’s amortized cost...
Q1) Consider the following statements: Statement 1. When amortizing a bond discount, the bond’s amortized cost decreases each period as the interest expense increases. Statement 2. When amortizing a bond premium, the bond’s amortized cost increases each period as the interest expense increases. Select one: a. Neither of the statements is correct b. Only statement 1 is correct c. Only statement 2 is correct d. Both statements are correct Q2) A type of amortization method used to amortize bond discount/premium...
Q1 Ch1 (20%) a. Supply: Suppose the following information is known about a market: 1. Sellers...
Q1 Ch1 (20%) a. Supply: Suppose the following information is known about a market: 1. Sellers will not sell at all below a price of $2. 2. At a price of $10, any given seller will sell 10 units. 3. There are 100 identical sellers in the market. Assuming a linear supply curve, use this information to derive the market supply curve. b. Demand: Suppose the demand for a particular product can be expressed as Q = 100/p. Calculate the...
Chester King has been a sailor for his entire life. As he has saved some money,...
Chester King has been a sailor for his entire life. As he has saved some money, he now wants to go into business for himself. Chester decides to become the captain of his own tugboat which he will name “American Queen”. Chester has also always wanted to live in California, so he decides to buy his boat and operate it on the San Francisco Bay. Chester figures he better talk to an attorney before buying the boat about things like...
4. Alyeska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a...
4. Alyeska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $275,000 and has an expected life of eight years. The project provides after-tax annual cash flows of $73,306 per year for the first five years. In year 6, there is cash OUTFOW of $100,000. For years 7-8, the net cash flows will be $89,000 per year. The firm’s management is...
Benchmarking and Non-Value-Added Costs, Target Costing Bienestar, Inc., has two plants that manufacture a line of...
Benchmarking and Non-Value-Added Costs, Target Costing Bienestar, Inc., has two plants that manufacture a line of wheelchairs. One is located in Kansas City, and the other in Tulsa. Each plant is set up as a profit center. During the past year, both plants sold their tilt wheelchair model for $1,629. Sales volume averages 20,000 units per year in each plant. Recently, the Kansas City plant reduced the price of the tilt model to $1,442. Discussion with the Kansas City manager...
The Bonwire Kente Company Case Your friend, Kwame Nkrumah from Ghana knows that you are taking...
The Bonwire Kente Company Case Your friend, Kwame Nkrumah from Ghana knows that you are taking graduate classes and asks for your opinion on an issue he faces as owner/manager of the Bonwire Kente Company which he started 5 years ago with 20 employees. The Company has grown by leaps and bounds to the point where it now employs over five hundred persons and has become a nightmare to manage. The Company weaves the cotton it grows on its 4,000-...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze casting line to its production facility. Over the past several years the artistic community in Park City and along the Wasatch front has significantly increased and the company has received an increasing number of requests to do bronze castings. The casting line would be set up in unused space in Gilroy’s main plant. The equipment would cost approximately $200,000, plus another...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze casting line to its production facility. Over the past several years the artistic community in Park City and along the Wasatch front has significantly increased and the company has received an increasing number of requests to do bronze castings. The casting line would be set up in unused space in Gilroy’s main plant. The equipment would cost approximately $200,000, plus another...
Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze...
Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze casting line to its production facility. Over the past several years the artistic community in Park City and along the Wasatch front has significantly increased and the company has received an increasing number of requests to do bronze castings. The casting line would be set up in unused space in Gilroy’s main plant. The equipment would cost approximately $200,000, plus another $10,000 for shipping...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT