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Dorothy is excited for her new start-up and visits the bank to open a business checking account. Her relationship manager at the bank, Thomas, informs

Dorothy is excited for her new start-up and visits the bank to open a business checking account. Her relationship manager at the bank, Thomas, informs her about overall process and about the banks requirement to maintain a minimum cash balance of $10000 in her account at all times. Thomas also tells her about the easy access to lines of credit from the first day of the month, if the need for them arises. The annual interest on lines of credit is 10%, and it must be paid every month if there is an outstanding balance, but there is no need to make the principal payments each month. The following table provides additional information on this: Opening cash balance in July $10900 Closing cash balance in July $12900 Cash deposited in August $86000 Cash disbursements in August $90800 If Dorothy borrowed funds in increments of $100, then which of the following is correct for the month of August in the given scenario? A. [Control]Dorothy will borrow $1900 to maintain the minimum cash balance, and her books will show the budgeted ending cash balance of $10000. B. [Control]Dorothy can wait for next months deposits; there is no need to borrow on a line of credit. C. [Control]Dorothy will borrow $2000 to maintain the minimum cash balance, and her books will show the budgeted ending cash balance of $10083. D. [Control]Dorothys books will show at least the sufficient amount of funds, and there will be no need to borrow.

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