Actual and projected sales of a company for September and October are as follows:

Cash Credit

Sales Sales

September (actual) $20,000 $50,000

October (projected) 30,000 55,000

All credit sales are collected in the month following the month in which the sale is made. The September 30 cash balance is $23,000. Cash disbursements in October are projected to be $94,000. To maintain a minimum cash balance of $15,000 on October 31, the company will need to borrow

A. $0

B. $6,000

C. $11,000

D. $16,000