Unsecured bonds are called ________. Secured bonds are called ________

On June 30, Alpha Company's cash balance is $4,000

Alpha is now preparing their cash budget for the third quarter of the year. The following data is provided: Cash budget July Aug Sep Beginning cash balance $4,000 $8,000 $6,958 Plus: Cash collections 50,000 40,000 49,000 Cash available $54,000 $48,000 $55,958 Less: Cash payments Purchases of direct materials 31,000 22,000 17,100 Operating expenses 12,000 9,000 11,000 Capital expenditures 13,000 25,000 0 Interest expense at 5% 0 42 104 Less: Total cash payments $56,000 $56,042 $28,204 Ending cash balance before financing $(2,000 ) $(8,042 ) $27,754 Minimum cash balance desired (5,000 ) (5,000 ) (5,000 ) Cash excess/(deficiency) $(7,000 ) $(13,042 ) $22,754 Financing Borrowing at end of month 10,000 15,000 Principal repayments at end of month $(20,000 ) Total effects of financing 10,000 15,000 (20,000 ) Ending cash balance $8,000 $6,958 $7,754 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be ________. A) $6,958 B) $55,958 C) $7,754 D) $22,754

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