Homework Answers
| Beginning cash balance | $ 11,000 |
| Add: Collection from customers | $ 45,000 |
| Less: Payment to suppliers | $ (25,000) |
| Less: Cash dividends paid | $ (5,000) |
| Less: Lease payments | $ (10,000) |
| Less: Other cash expenses | $ (20,000) |
| Cash balance available | $ (4,000) |
Borrowings will be: $4,000+$5,000 = $9,000
Answer is B. $9,000
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