Cerberus Co. issued $1,000,000 of 8% loan notes at par on 1 July 20X4. Interest is payable semi-annually in arrears on 31 December and 30 June. For the financial year ended 31 March 20X5, what amounts should Cerberus Co. recognize as finance costs in its statement of profit or loss and as a current liability for interest payable in its statement of financial position?

A Micro Finance Institution is evaluating a loan application for a rural household where the husband earns ₹15,000 per month, the wife earns ₹10,000 per month, and their daughter contributes ₹5,000 per month. Currently, the household pays a total EMI of ₹10,000 for existing loans. As per RBI guidelines capping total debt outflow at 50% of household income, what is the maximum monthly EMI permissible for a new microfinance loan?

An Indian resident receives a legacy amounting to GBP 80,000 and deposits it into a Resident Foreign Currency (RFC) Term Deposit account for 6 months at a simple interest rate of 3% per annum. After 6 months, she converts GBP 20,000 into INR at an exchange rate of 1 GBP = 108 INR, and remits GBP 10,000 to her son in the USA at a cross-rate of 1 GBP = 1.25 USD. Calculate: (i) The interest earned in GBP after 6 months. (ii) The total INR amount received from the conversion. (iii) The USD amount received by her son.