Problem E MNO Corporation has a P35,000 balance of account receivable at the beginning of its budget period. It has budgeted P160,000 credit sales and expects to collect 70% of these during the budget period. 13. What is the ending balance of accounts receivable assuming that all but 10% of the beginning balance is collected during the budget period. Problem F The following information was extracted from the May Cash Budget of Hair Stars, a groom pad for men and women: Budget of Hair Stars, a groom pad for men and women: Excess of cash available over disbursements P 800 Cash balance, May 1 10,100 Total cash disbursement for May 32,500 The business can only borrow money in round figures of P1,000 amounts. 14. If the business is required to maintain a minimum cash balance of P10,000, how much money should be borrowed in May