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Question - Kingdom Company has seasonal sales during September. The company, at least, holds P60,000 cash, P200,000 inventory, and P170,000 accounts receivable. During peak season, inventory and accounts receivable increase to P720,000 and P320,000, respectively. Accounts payable is also held at a minimum P150,000; but increased to maximum by P20,000. The company estimates that the average funding other than the permanent requirement is P220,000. The company borrows short-term funds at 5% and long-term funds at 7.5%, then earns 6% on the investment of any surplus balance.
Required -
1. How much is the permanent funding requirement throughout the year?
2. How much is the seasonal funding requirement during peak season?
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