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Urban Industries needs to maintain a minimum cash balance of $10,000 and has entered into an agreement with their bank to accomplish this. Urban

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Urban Industries needs to maintain a minimum cash balance of $10,000 and has entered into an agreement with their bank to accomplish this. Urban is preparing a cash budget for September. Urban has $11,300 in cash at the beginning of September and anticipates $30,700 in cash receipts and $35,900 in cash payments during September. As of August 31, the company has no loans outstanding. To maintain the $10,000 required balance, during September the company must: OA. Borrow $3,900. OB. Borrow $10,000. OC. Borrow $5,200. OD. Repay $3,900. OE.Repay $6.100.

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