Speedy Runner makes running shoes and they have gathered the following data for the month of October: Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will Speedy Runner need to borrow at the end of October?

Question

Speedy Runner makes running shoes and they have gathered the following data for the month of October:  Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will Speedy Runner need to borrow at the end of October?

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The Answer of Speedy Runner makes running shoes and they have gathered the following data for the month of October:  Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will Speedy Runner need to borrow at the end of October?

Speedy Runner Makes Running Shoes and They Have Gathered the Following