The following information is drawn from Royal Industries' cash budget Cash Receipts Beginning Cash Balance Cash Payments Desired Ending Cash Cushion If there is a cash shortage, the company borrows money If a surplus occurs funds are used to repay loans or to invest in short-term assets. The company had no debt before January 1st. The amounted "needed to borrow or the amount "available" for repayment of debt in January would be Multiple Choice $2,000 available. $3,000 needed. $7,000 available. $40,000 $10,000 $48,000 $5,000 $13,000 needed. G 100% BNL

Mimple Choce: $2000 ewalinos $3000 needed $7000 avelsbit: suoponeeded