Problem 1

The following information was taken from GENOCIDE INC's cash budget for the month of April 2011:

Beginning cash balance 90,000.00 Cash inflows 70.000.00 Cash outflows 102,000.00 The cash inflows include sale of fully depreciated asset to A Corp. with a gain of 12,000.00 and cash outflows includes interest and dividends payments of PHP 5,000 and PHP 3,000, respectively. If the company maintains a minimum cash balance of PHP 70,000; the amount the company would borrow is