Financial Analysis and Profit/Loss Schedule for a 12-Month Loan Disbursement

Assignment Task

Assume disbursements of Rs. 50 crore, at an interest rate of 26% per annum, and tenure of 12 months on 01/04/2021 Draw out the principal outstanding and EMI schedule for each month for the next 12 months Assume expenses at the following rate:

• Salaries: 10% of closing principal outstanding for the month
• Finance cost: Flat rate of 15% for the annual average principal outstanding
• Provisions: Flat rate of 7% of closing principal outstanding for the month
• Other expenses: Flat rate of 20% for the annual average principal outstanding

Taking into account the fixed expenses and provision, draw out the Profit/Loss for each of the 12 months 

Prepare profit and loss statement for the year oin the same format

Assume other income 2% of disbursements

Assume tax rate 30% Usage of internet is allowed to check and confirm the formulas Please time the process

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