18. Willamette Bed and Breakfast needs to keep a cash balance of at least $10,000. They have
budgeted the following for the month of December:
Payments to suppliers
$
9,000
Payments to employees $
7,000
Credit sales
$
8,000
Cash collections
$
12,000
Depreciation expense
$
1,000
Other cash expenses
$
5,000
Beginning cash balance $
12,000
How much will WBB need to borrow to maintain the minimum cash balance?
a. $0
b. $3,000
c. $7,000
d. $8,000