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Marys Bed and Breakfast needs to keep a cash balance of at least $10,000. She hasbudgeted the following for the month of December: Payments to

Marys Bed and Breakfast needs to keep a cash balance of at least $10,000. She hasbudgeted the following for the month of December:

Payments to suppliers $ 5,000 Payments to employees $ 4,000 Credit sales $ 8,000 Cash collections $ 7,500 Depreciation expense $ 500 Other cash expenses $ 1,000 Beginning cash balance $ 11,000

How much will Mary need to borrow to maintain the minimum cash balance?

a. $0b. $1,000c. $1,500d. $2,000

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