An arrangement has been made with the local bank that if ToyWorks maintains a minimum balance of $70,000 in their bank account before considering any interest obligation, they will be given a line of credit (ie. ability to borrow from the bank) at a rate of 6 % per annum. All borrowing is considered to happen on the first day of the month, repayments are on the last day of the month. Interest must be paid at the end of each month.

Assume that ToyWorks is unable to obtain the bank financing discussed above and is forecasting a cash deficiency in October 2020. Propose five alternative actions that ToyWorks may consider to avoid this deficiency briefly reflecting your reasoning.